Open Lending Q1 net loss $0.5M; certified loans drop 24% YoY to 21,064

Open Lending Corp

2026-Q1 EPS reported $0.00 revenue$20,491,000

Total revenue $20.5M (down 16% YoY); gross profit $15.6M.
Net loss $0.5M vs net income $0.6M in prior year; adjusted EBITDA $2.0M.
Certified loans 21,064 (down 24% YoY) but CEO says exceeded high end of guidance.
Profit share revenue reduced by $0.7M from historic vintage adjustments.
Strategic initiatives Project Red Rocks and ApexOne Auto progressing.

item 2.02

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Open Lending Corp reported first quarter ended March 31, 2026 results: revenue $20.5 million, net income $0.5 million.

Period: first quarter ended March 31, 2026
Revenue: $20.5 million
Net income: $0.5 million
Result: reported results

Exact text from the filing

• The Company facilitated 21,064 certified loans during the first quarter of 2026, compared to 27,638 certified loans in the first quarter of 2025. • Total revenue was $20.5 million during the first quarter of 2026, compared to $24.4 million in the first quarter of 2025. The first quarter of 2026 was impacted by a $0.7 million reduction in estimated profit

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Source: SEC EDGAR

accession 0001806201-26-000036

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