---
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"
generated_at: "2026-06-15T09:45:34.403984+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Open Lending Q1 revenue down 23% YoY to $38.4M; net income falls to $12.5M

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: negative
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001806201-23-000064
- JSON: https://secwatch.observer/filing/0001806201-23-000064.json
- Plain text: https://secwatch.observer/filing/0001806201-23-000064.txt

## Key facts
- Earnings Releases
  Open Lending Corp reported the fiscal quarter ended March 31, 2023 results: revenue $38.4 million, net income $12.5 million.
  - Period: the fiscal quarter ended March 31, 2023
  - Revenue: $38.4 million
  - Net income: $12.5 million
  - Result: reported results
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1806201/000180620123000064/0001806201-23-000064-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.