{"schema_version":"secwatch.filing_event.v1","accession":"0001806201-23-000100","form_type":"8-K","ticker":"LPRO","cik":"0001806201","company_name":"Open Lending Corp","filed_at":"2023-08-08T23:59:59+00:00","discovered_at":"2026-05-14T18:03:35.331032+00:00","generated_at":"2026-06-12T02:34:04.259157+00:00","sec_items":["2.02"],"event_type":"earnings","sentiment":"negative","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"Open Lending Q2 revenue down 27% YoY to $38.2M; certified loans fall 23%","bullets":["Certified loans of 34,354 in Q2 2023 vs 44,531 in Q2 2022, a 22.9% decline.","Revenue $38.2M, down from $52.0M; gross profit $32.0M vs $47.0M a year ago.","Net income $11.4M ($0.09 per diluted share) vs $23.1M ($0.18) in Q2 2022.","Adjusted EBITDA $20.7M vs $34.0M; company says results ahead of internal expectations.","CEO notes focus on sales channels and tech to capture demand when industry recovers."],"urls":{"canonical":"https://secwatch.observer/filing/0001806201-23-000100","json":"https://secwatch.observer/filing/0001806201-23-000100.json","markdown":"https://secwatch.observer/filing/0001806201-23-000100.md","text":"https://secwatch.observer/filing/0001806201-23-000100.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1806201/000180620123000100/0001806201-23-000100-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1806201/000180620123000100/lpro-20230808.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-12T02:34:04.259157+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":"753fd8592368533c969bf8585226d88ce0ff21f4","claim":"Open Lending Corp reported fiscal quarter ended June 30, 2023 results: revenue 38.2 million, net income 11.4 million.","evidence_excerpt":"Total revenue was $38.2 million during the second quarter of 2023, compared to $52.0 million in the second quarter of 2022","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1806201/000180620123000100/0001806201-23-000100-index.htm","confidence":0.99,"family_label":"Earnings Releases","details":[{"label":"Period","value":"fiscal quarter ended June 30, 2023"},{"label":"Revenue","value":"38.2 million"},{"label":"Net income","value":"11.4 million"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"753fd8592368533c969bf8585226d88ce0ff21f4","claim":"Open Lending Corp reported fiscal quarter ended June 30, 2023 results: revenue 38.2 million, net income 11.4 million.","evidence_excerpt":"• The Company facilitated 34,354 certified loans during the second quarter of 2023, compared to 44,531 certified loans in the second quarter of 2022 • Total revenue was $38.2 million during the second quarter of 2023, compared to $52.0 million in the second quarter of 2022 • Gross profit was $32.0 million during the second quarter of 2023, compared to $47.0","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1806201/000180620123000100/0001806201-23-000100-index.htm","confidence":0.99,"family_label":"Earnings Releases","details":[{"label":"Period","value":"fiscal quarter ended June 30, 2023"},{"label":"Revenue","value":"38.2 million"},{"label":"Net income","value":"11.4 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"}