---
schema_version: "secwatch.filing_event.v1"
accession: "0001806201-24-000119"
form_type: "8-K"
ticker: "LPRO"
cik: "0001806201"
company_name: "Open Lending Corp"
filed_at: "2024-08-08T23:59:59+00:00"
generated_at: "2026-05-31T11:09:16.393048+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 $26.7M, net income $2.9M; certified loans 28,963, down 16% YoY

## Summary
- Total revenue $26.7M, down 30% from $38.2M in Q2 2023; gross profit $21.0M vs $32.0M.
- Net income $2.9M vs $11.4M in prior year; adjusted EBITDA $9.9M vs $20.7M.
- Certified loans facilitated 28,963, down 16% from 34,354 in Q2 2023.
- Profit share estimate reduced by $6.7M on historic vintages vs $1.2M reduction last year.
- CEO cites challenging automotive lending environment but sees early signs of improvement.

## SEC filing metadata
- accession: 0001806201-24-000119
- form_type: 8-K
- ticker: LPRO
- cik: 0001806201
- company_name: Open Lending Corp
- filed_at: 2024-08-08T23:59:59+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/1806201/000180620124000119/0001806201-24-000119-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1806201/000180620124000119/lpro-20240808.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001806201-24-000119
- JSON: https://secwatch.observer/filing/0001806201-24-000119.json
- Plain text: https://secwatch.observer/filing/0001806201-24-000119.txt

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