Oportun Financial Corporation

Earnings data Q1 2021

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

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Earnings data Q1 2023

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Earnings data Q3 2023

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Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

Oportun Financial Corporation reports strong Q3 performance and eyes growth

Oportun Financial Corporation's Q3 2024 performance showcased improved credit metrics, cost efficiencies, and strategic balance sheet actions, setting the stage for future growth.
The company's strengths in profitability, growth initiatives, and financial discipline align with its 2025 outlook of driving adjusted EPS in the teens.
While challenges like economic uncertainties and competitive pressures persist, Oportun's focus on opportunities in expansion, partnerships, and marketing investments signals a positive trajectory.

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Oportun Financial Corp. operates as a digital banking platform. Its credit and digital banking products include personal loans, secured personal loans, credit cards, savings, direct, and investment and retirement. The company was founded in August 2005 and is headquartered in San Carlos, CA.

While the top- and bottom-line numbers for Oportun Financial (OPRT) give a sense of how the business performed in the quarter ended March 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

Here's What Key Metrics Tell Us About Oportun Financial (OPRT) Q1 Earnings

Strong performance versus guidance Total operating expenses declined 15% sequentially and 25% year-over-year GAAP net loss sharply reduced by $76M year-over-year, returned to adjusted profitability Additional $150M whole loan sale agreement executed in May Raising full year 2024 Total Revenue and Adjusted EBITDA guidance   SAN CARLOS, Calif., May 09, 2024 (GLOBE NEWSWIRE) -- Oportun Financial Corporation (Nasdaq: OPRT) (“Oportun”, or the "Company") today reported financial results for the first quarter ended March 31, 2024.

Oportun Reports First Quarter 2024 Financial Results

Oportun Financial (OPRT) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Oportun Financial Corporation (OPRT) Expected to Beat Earnings Estimates: What to Know Ahead of Q1 Release

Oportun Announces Preliminary Q1 2024 Financial Information; Schedules First Quarter 2024 Earnings Release and Conference Call for Thursday, May 9, 2024

Oportun Announces Preliminary Q1 2024 Financial Information

Oportun Appoints Scott Parker to its Board of Directors in Cooperation with Findell Capital; Richard Tambor Appointed Board Observer, to Stand for Election

Oportun Appoints Scott Parker to its Board of Directors in Cooperation with Findell Capital

HOUSTON--(BUSINESS WIRE)--Bradley Radoff and Josh Schechter (together with their affiliates, the “Concerned Shareholders” or “we”) today issued the below open letter to the Board of Directors (the “Board”) of Oportun Financial Corporation (NASDAQ: OPRT) (“Oportun” or the “Company”) regarding the need to appoint a new Chief Executive Officer (“CEO”) and enact further changes to support value creation. *** Oportun Financial Corporation 2 Circle Star Way San Carlos, California 94070 Attention: The.

Concerned Shareholders Issue Letter to Oportun Financial Corporation's Board of Directors Regarding the Urgent Need for Changes in Management and Strategy

Oportun Financial Corporation (OPRT) Q4 2023 Earnings Call Transcript

Oportun Financial Corporation (OPRT) came out with a quarterly loss of $0.54 per share versus the Zacks Consensus Estimate of a loss of $0.49. This compares to earnings of $0.14 per share a year ago.

Oportun Financial Corporation (OPRT) Reports Q4 Loss, Tops Revenue Estimates

4Q23 Total revenue of $263 million , bringing FY23 to $1.1 billion , up 11% year-over-year Quarterly operating expense down 15% $30 million in additional operating expense reductions announced $200 million February ABS deal completed at 160 bps lower pricing than October transaction Full Year 2024 guidance reflects expectations for markedly improved profitability   SAN CARLOS, Calif., March 12, 2024 (GLOBE NEWSWIRE) -- Oportun Financial Corporation (Nasdaq: OPRT) (“Oportun”, or the "Company") today reported financial results for the fourth quarter and full year ended December 31, 2023.

Oportun Reports Fourth Quarter and Full Year 2023 Financial Results

SAN CARLOS, Calif., March 11, 2024 (GLOBE NEWSWIRE) -- Oportun (Nasdaq: OPRT), a mission-driven fintech, today announced that it will participate in the upcoming Sidoti March Virtual Investor Conference.

Oportun to Present at Sidoti March Virtual Investor Conference

SAN CARLOS, Calif., Feb. 28, 2024 (GLOBE NEWSWIRE) -- Oportun (Nasdaq: OPRT), a mission-driven fintech, will release financial results for its fourth quarter 2023 on Tuesday, March 12, 2024, after market close.

Oportun to Report Fourth Quarter 2023 Financial Results on Tuesday, March 12, 2024

SAN CARLOS, Calif., Feb. 13, 2024 (GLOBE NEWSWIRE) -- Oportun (Nasdaq: OPRT), a mission-driven fintech, today announced the issuance of $200 million of fixed rate asset-backed notes secured by a pool of unsecured and secured installment loans.

Oportun Completes $200 Million Asset Backed Securitization

SAN CARLOS, Calif., Feb. 05, 2024 (GLOBE NEWSWIRE) -- Oportun (Nasdaq: OPRT) today announced the addition of two new independent board members to its Board of Directors. Effective as of February 7, 2024, the appointments expand Oportun's board from seven to nine members with the additions of Carlos Minetti and Mohit Daswani.

Oportun Appoints Two New Independent Members to its Board of Directors

Expresses Serious Concerns About Oportun's Financial and Stock Price Underperformance Under CEO Raul Vazquez Believes that the Board's Continued Lack of Oversight and Inexplicable Allegiance to CEO Raul Vazquez Demonstrates that More Change Is Needed Believes Oportun Should be Able to Generate $3-4 a Share and be Worth $20 a Share with an Improved Operating Cost Structure Looking to Work Constructively with the Board to Onboard New Independent Directors and Avoid a Costly Proxy Contest but Will Nominate a Competing Slate of Highly Qualified Director Candidates Unless Concrete Progress is Made in Short Order NEW YORK , Dec. 4, 2023 /PRNewswire/ -- Findell Capital Management LLC (together with its affiliates, "Findell Capital" or "we"), which beneficially owns approximately 5.4% of the outstanding shares of common stock of Oportun Financial Corporation (NASDAQ:  OPRT ) ("Oportun" or the "Company"), today issued the following statement to all stockholders of Oportun. Dear Fellow Stockholders: Findell Capital Management LLC (together with its affiliates, "Findell Capital" or "we"), has been a significant stockholder of Oportun Financial Corporation (NASDAQ:  OPRT ) ("Oportun" or the "Company"), and we recently acquired a greater than 5% ownership stake of the Company's outstanding shares of common stock.

Findell Capital Management LLC Issues Statement to the Stockholders of Oportun Financial Corporation

Oportun Financial Corporation (NASDAQ:OPRT ) Q3 2023 Earnings Conference Call November 6, 2023 5:00 PM ET Company Participants Dorian Hare - Investor Relations Raul Vazquez - Chief Executive Officer Jonathan Coblentz - Chief Financial Officer and Chief Administrative Officer Conference Call Participants Rick Shane - JPMorgan John Hecht - Jefferies Lance Jessurun - BTIG Sanjay Sakhrani - KBW Operator Hello, and welcome to the Oportun Financial Third Quarter 2023 Earnings Conference Call and Webcast. [Operator Instructions] As a reminder, this conference is being recorded.

Oportun Financial Corporation (OPRT) Q3 2023 Earnings Call Transcript

Record revenue of $268 million , 7% year-over-year growth

Oportun Reports Third Quarter 2023 Financial Results

Oportun Financial Corporation (OPRT) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Oportun Financial Corporation (OPRT) Reports Next Week: Wall Street Expects Earnings Growth

MINNEAPOLIS and SAN CARLOS, Calif., Oct. 23, 2023 (GLOBE NEWSWIRE) -- Castlelake, L.P., a global alternative investment firm specializing in asset-based opportunities and Oportun (Nasdaq: OPRT), a mission-driven fintech, today announced the entry into a new agreement whereby certain of Castlelake funds and affiliates, will provide a $200 million private structured financing solution to Oportun. Under the terms of the agreement, Oportun will use the funds to finance the origination of its personal loan products.

Castlelake to Provide $200 Million Private Structured Financing Solution to Oportun to Finance Personal Loan Product

SAN CARLOS, Calif., Oct. 23, 2023 (GLOBE NEWSWIRE) -- Oportun is a mission-driven fintech that puts the financial goals of its 2 million members within reach.

Oportun Announces New Spanish-Language Capability and Improved Savings Features in Ongoing Commitment to Financial Inclusion

SAN CARLOS, Calif., Oct. 19, 2023 (GLOBE NEWSWIRE) -- Oportun (Nasdaq: OPRT), a mission-driven fintech, and Ellington Management Group, an investment management firm dedicated to seeking attractive risk-adjusted returns for institutional investors, today announced the intent to enter into a new whole loan flow sale transaction between the companies. Under the terms of the deal, expected to close in the near term, Oportun is expected to sell Ellington up to $70 million of personal loan production from Oportun over the next 12 months.

Oportun and Ellington extend relationship with up to $70 million in new whole loan sales

SAN CARLOS, Calif., Oct. 16, 2023 (GLOBE NEWSWIRE) -- Oportun (Nasdaq: OPRT), a mission-driven fintech, will release financial results for its third quarter 2023 on Monday, November 6, 2023, after market close.

Oportun to Report Third Quarter 2023 Financial Results on Monday, November 6, 2023

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LAS VEGAS--(BUSINESS WIRE)--Pagaya Co-founder and CEO Gal Krubiner, National Bankers Association President and CEO Nicole Elam, Oportun CEO Raul Vazquez and TransUnion SVP and head of consumer lending Liz Pagel will speak on stage at the Money20/20 conference in Las Vegas on Tuesday, October 24 at 11:15 a.m. local time. A staggering 42% of US consumers who apply for a financial product are denied or not extended as much credit as they would like. The panel will tackle how data and technology ar.

Pagaya, National Bankers Association, Oportun and TransUnion at Money20/20: Data for Good: Bettering the Economy Through Financial Inclusion

SAN CARLOS, Calif., Oct. 11, 2023 (GLOBE NEWSWIRE) -- Oportun Financial Corporation (Nasdaq: OPRT) (“Oportun” or the “Company”), a mission-driven fintech, announced today that its Board of Directors (the “Board”) approved a series of proactive corporate governance enhancements that reflect the Company's commitment to drive stockholder value.

Oportun Announces Series of Corporate Governance Enhancements

Oportun Financial Corporation (OPRT) could be a great choice for investors looking to buy stocks that have gained strong momentum recently but are still trading at reasonable prices. It is one of the several stocks that made it through our 'Fast-Paced Momentum at a Bargain' screen.

Oportun Financial Corporation (OPRT) Shows Fast-paced Momentum But Is Still a Bargain Stock

SAN CARLOS, Calif., Sept. 12, 2023 (GLOBE NEWSWIRE) -- Oportun (Nasdaq: OPRT), a mission-driven fintech, today announced that it will participate in the upcoming Sidoti September Virtual Investor Conference.

News for Oportun Financial Corporation Stock (OPRT)