{"schema_version":"secwatch.filing_event.v1","accession":"0001806201-25-000055","form_type":"8-K","ticker":"LPRO","cik":"0001806201","company_name":"Open Lending Corp","filed_at":"2025-05-07T23:59:59+00:00","discovered_at":"2026-05-14T18:02:49.800512+00:00","generated_at":"2026-05-22T08:42:34.179314+00:00","sec_items":["2.02"],"event_type":"earnings","sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Open Lending Q1 revenue falls 20.5% to $24.4M; net income drops to $0.6M","bullets":["Certified loans 27,638 (-2% YoY); revenue $24.4M vs $30.7M, driven by $7.4M drop in profit share revenue from new originations.","Gross profit $18.3M (vs $25.0M); net income $0.6M (vs $5.1M); adjusted EBITDA $5.7M (vs $12.5M).","Board authorized $25M share repurchase program; CEO announces new loan measures and refined pricing to reduce profit share volatility.","Unit economics per certified loan declined; historic vintage adjustments had a $0.9M reduction vs $1.1M in Q1 2024."],"urls":{"canonical":"https://secwatch.observer/filing/0001806201-25-000055","json":"https://secwatch.observer/filing/0001806201-25-000055.json","markdown":"https://secwatch.observer/filing/0001806201-25-000055.md","text":"https://secwatch.observer/filing/0001806201-25-000055.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1806201/000180620125000055/0001806201-25-000055-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1806201/000180620125000055/lpro-20250507.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-22T08:42:34.179314+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}