---
schema_version: "secwatch.filing_event.v1"
accession: "0001806201-24-000142"
form_type: "8-K"
ticker: "LPRO"
cik: "0001806201"
company_name: "Open Lending Corp"
filed_at: "2024-11-07T23:59:59+00:00"
generated_at: "2026-05-30T03:44:58.979567+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Open Lending Q3 revenue $23.5M, down 9.6% YoY; net income $1.4M vs $3.0M

## Summary
- Certified loans fell to 27,435 from 29,959 YoY, a decline of 8.4%.
- Revenue $23.5M, hit by $7.0M reduction in profit share estimates for historic vintages.
- Net income dropped to $1.4M ($0.01 EPS) from $3.0M; adjusted EBITDA $7.8M vs $10.3M.
- CEO says results near or above high-end of guidance for certified loans, revenue, adj. EBITDA excl. estimate change.
- Management sees improving auto inventory, retail sales and affordability, but no updated guidance provided.

## SEC filing metadata
- accession: 0001806201-24-000142
- form_type: 8-K
- ticker: LPRO
- cik: 0001806201
- company_name: Open Lending Corp
- filed_at: 2024-11-07T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1806201/000180620124000142/0001806201-24-000142-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1806201/000180620124000142/lpro-20241107.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001806201-24-000142
- JSON: https://secwatch.observer/filing/0001806201-24-000142.json
- Plain text: https://secwatch.observer/filing/0001806201-24-000142.txt

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