{"schema_version":"secwatch.filing_event.v1","accession":"0001806201-23-000134","form_type":"8-K","ticker":"LPRO","cik":"0001806201","company_name":"Open Lending Corp","filed_at":"2023-11-07T23:59:59+00:00","discovered_at":"2026-05-14T18:03:30.554865+00:00","generated_at":"2026-06-08T16:55:17.481372+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 Q3 2023 revenue down 49% YoY to $26.0M; certified loans drop 29% to 29,959","bullets":["Total revenue $26.0M, down from $50.7M YoY; includes $8.1M reduction in estimated future profit share revenues.","Net income $3.0M vs $24.5M YoY; adjusted EBITDA $10.3M vs $29.4M.","Certified loans 29,959, down 29% from 42,186 in Q3 2022.","CEO cites challenging market conditions but strong balance sheet and no near-term debt maturities.","Company continues to invest for future recovery amid pent-up demand expectations."],"urls":{"canonical":"https://secwatch.observer/filing/0001806201-23-000134","json":"https://secwatch.observer/filing/0001806201-23-000134.json","markdown":"https://secwatch.observer/filing/0001806201-23-000134.md","text":"https://secwatch.observer/filing/0001806201-23-000134.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1806201/000180620123000134/0001806201-23-000134-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1806201/000180620123000134/lpro-20231107.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-08T16:55:17.481372+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":"2ee6271bf44321b62710c023655988cec30957df","claim":"Open Lending Corp reported financial results for third quarter of 2023.","evidence_excerpt":"Total revenue was $26.0 million during the third quarter of 2023, compared to $50.7 million in the third quarter of 2022.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1806201/000180620123000134/0001806201-23-000134-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"third quarter of 2023"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"2ee6271bf44321b62710c023655988cec30957df","claim":"Open Lending Corp reported financial results for third quarter of 2023.","evidence_excerpt":"Net income was $3.0 million during the third quarter of 2023, compared to $24.5 million in the third quarter of 2022.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1806201/000180620123000134/0001806201-23-000134-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"third quarter of 2023"},{"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"}