---
schema_version: "secwatch.filing_event.v1"
accession: "0001806201-24-000084"
form_type: "8-K"
ticker: "LPRO"
cik: "0001806201"
company_name: "Open Lending Corp"
filed_at: "2024-05-07T23:59:59+00:00"
generated_at: "2026-06-02T19:39:47.209691+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Open Lending Q1 revenue $30.7M, down 20% YoY; certified loans fall 13% to 28,189

## Summary
- Certified loans 28,189 in Q1 2024 vs 32,408 in Q1 2023 (-13% YoY).
- Total revenue $30.7M vs $38.4M (-20%); gross profit $25.0M vs $32.9M.
- Net income $5.1M vs $12.5M; Adjusted EBITDA $12.5M vs $21.2M.
- Exceeded high end of guidance for certified loans and revenue; management cites improving market conditions.

## SEC filing metadata
- accession: 0001806201-24-000084
- form_type: 8-K
- ticker: LPRO
- cik: 0001806201
- company_name: Open Lending Corp
- filed_at: 2024-05-07T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 2.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1806201/000180620124000084/0001806201-24-000084-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1806201/000180620124000084/lpro-20240507.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001806201-24-000084
- JSON: https://secwatch.observer/filing/0001806201-24-000084.json
- Plain text: https://secwatch.observer/filing/0001806201-24-000084.txt

## Key facts
- Earnings Releases
  Open Lending Corp reported fiscal quarter ended March 31, 2024 results: revenue $30.7 million, net income $5.1 million.
  - Period: fiscal quarter ended March 31, 2024
  - Revenue: $30.7 million
  - Net income: $5.1 million
  - Result: reported results
  source text: • The Company facilitated 28,189 certified loans during the first quarter of 2024, compared to 32,408 certified loans in the first quarter of 2023. • Total revenue was $30.7 million during the first quarter of 2024, compared to $38.4 million in the first quarter of 2023. The first quarter of 2024 was negatively impacted by a $1.1 million reduction in
  evidence_url: https://www.sec.gov/Archives/edgar/data/1806201/000180620124000084/0001806201-24-000084-index.htm

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