---
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"
generated_at: "2026-06-12T02:34:04.259157+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Open Lending Q2 revenue down 27% YoY to $38.2M; certified loans fall 23%

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001806201-23-000100
- JSON: https://secwatch.observer/filing/0001806201-23-000100.json
- Plain text: https://secwatch.observer/filing/0001806201-23-000100.txt

## Key facts
- Earnings Releases
  Open Lending Corp reported fiscal quarter ended June 30, 2023 results: revenue 38.2 million, net income 11.4 million.
  - Period: fiscal quarter ended June 30, 2023
  - Revenue: 38.2 million
  - Net income: 11.4 million
  - Result: reported results
  source text: Total revenue was $38.2 million during the second quarter of 2023, compared to $52.0 million in the second quarter of 2022
  evidence_url: https://www.sec.gov/Archives/edgar/data/1806201/000180620123000100/0001806201-23-000100-index.htm
- Earnings Releases
  Open Lending Corp reported fiscal quarter ended June 30, 2023 results: revenue 38.2 million, net income 11.4 million.
  - Period: fiscal quarter ended June 30, 2023
  - Revenue: 38.2 million
  - Net income: 11.4 million
  - Result: reported results
  source text: • 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_url: https://www.sec.gov/Archives/edgar/data/1806201/000180620123000100/0001806201-23-000100-index.htm

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