---
schema_version: "secwatch.filing_event.v1"
accession: "0001806201-26-000036"
form_type: "8-K"
ticker: "LPRO"
cik: "0001806201"
company_name: "Open Lending Corp"
filed_at: "2026-05-07T23:59:59+00:00"
generated_at: "2026-05-14T21:58:37.425980+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001806201-26-000036
- form_type: 8-K
- ticker: LPRO
- cik: 0001806201
- company_name: Open Lending Corp
- filed_at: 2026-05-07T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1806201/000180620126000036/0001806201-26-000036-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1806201/000180620126000036/lpro-20260507.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001806201-26-000036
- JSON: https://secwatch.observer/filing/0001806201-26-000036.json
- Plain text: https://secwatch.observer/filing/0001806201-26-000036.txt

## Source-grounded claims
- claim_id: dfedf58fbeb01729f3a74c624941e7bfa251ce26
  claim: Open Lending Corp reported first quarter ended March 31, 2026 results: revenue $20.5 million, net income $0.5 million.
  evidence_excerpt: • 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1806201/000180620126000036/0001806201-26-000036-index.htm

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