---
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"
generated_at: "2026-06-08T16:55:17.481372+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Open Lending Q3 2023 revenue down 49% YoY to $26.0M; certified loans drop 29% to 29,959

## Summary
- 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.

## SEC filing metadata
- 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
- 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/1806201/000180620123000134/0001806201-23-000134-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1806201/000180620123000134/lpro-20231107.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001806201-23-000134
- JSON: https://secwatch.observer/filing/0001806201-23-000134.json
- Plain text: https://secwatch.observer/filing/0001806201-23-000134.txt

## Key facts
- Earnings Releases
  Open Lending Corp reported financial results for third quarter of 2023.
  - Period: third quarter of 2023
  - Result: reported results
  source text: Total revenue was $26.0 million during the third quarter of 2023, compared to $50.7 million in the third quarter of 2022.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1806201/000180620123000134/0001806201-23-000134-index.htm
- Earnings Releases
  Open Lending Corp reported financial results for third quarter of 2023.
  - Period: third quarter of 2023
  - Result: reported results
  source text: Net income was $3.0 million during the third quarter of 2023, compared to $24.5 million in the third quarter of 2022.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1806201/000180620123000134/0001806201-23-000134-index.htm

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