secwatch.observer — SEC 8-K summary
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Issuer:     Open Lending Corp (LPRO)
CIK:        0001806201
Form:       8-K
Filed at:   2025-03-31T23:59:59+00:00
Accession:  0001806201-25-000032
Event type: earnings
Sentiment:  negative
Materiality: 0.85
Item codes: 2.02
LLM model:  deepseek-v4-flash:cloud@v2

Open Lending reports Q4 2024 negative revenue of $56.9M; appoints new CEO and COO
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- Q4 total revenue negative $56.9M vs $14.9M prior year; net loss $144.4M vs $4.8M loss.
- Full year 2024 revenue $24.0M, down from $117.5M; net loss $135.0M vs net income $22.1M.
- Revenue hit by $81.3M reduction in estimated profit share revenues from historic vintages in Q4.
- Board appoints Jessica Buss as CEO effective immediately; Michelle Glasl as COO.
- Certified loans: 26,065 in Q4 vs 26,263 prior year; full year 110,652 vs 122,984.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1806201/000180620125000032/0001806201-25-000032-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1806201/000180620125000032/lpro-20250331.htm
  HTML page:      https://secwatch.observer/filing/0001806201-25-000032

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer