{"schema_version":"secwatch.filing_event.v1","accession":"0001806201-23-000064","form_type":"8-K","ticker":"LPRO","cik":"0001806201","company_name":"Open Lending Corp","filed_at":"2023-05-09T23:59:59+00:00","discovered_at":"2026-05-14T18:03:40.691669+00:00","generated_at":"2026-06-15T09:45:34.403984+00:00","sec_items":["2.02"],"event_type":"earnings","sentiment":"negative","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"Open Lending Q1 revenue down 23% YoY to $38.4M; net income falls to $12.5M","bullets":["32,408 certified loans in Q1 2023, down 26% from 43,944 in Q1 2022.","Revenue $38.4M (-23% YoY); gross profit $32.9M (-27% YoY).","Net income $12.5M (-46% YoY); Adjusted EBITDA $21.2M (-37% YoY).","CEO Keith Jezek says results ahead of expectations; no updated FY2023 guidance provided."],"urls":{"canonical":"https://secwatch.observer/filing/0001806201-23-000064","json":"https://secwatch.observer/filing/0001806201-23-000064.json","markdown":"https://secwatch.observer/filing/0001806201-23-000064.md","text":"https://secwatch.observer/filing/0001806201-23-000064.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1806201/000180620123000064/0001806201-23-000064-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1806201/000180620123000064/lpro-20230509.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-15T09:45:34.403984+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"d6af94189b26fef327d9b558f923d9e166ec5f92","claim":"Open Lending Corp reported the fiscal quarter ended March 31, 2023 results: revenue $38.4 million, net income $12.5 million.","evidence_excerpt":"financial results for its first quarter of 2023. “First quarter results were ahead of our expectations and included the certification of 32,408 loans and total revenue of $38.4 million. We also reported net income of $12.5 million and Adjusted EBITDA of $21.2 million, ” said Keith Jezek , CEO of Open Lending . “In this challenging economic environment, we","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1806201/000180620123000064/0001806201-23-000064-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the fiscal quarter ended March 31, 2023"},{"label":"Revenue","value":"$38.4 million"},{"label":"Net income","value":"$12.5 million"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}