OPRT
Oportun Financial Corporation5.49
+0.03+0.55%
Dec 16, 4:00:00 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
FY Q4 '25
Details OpEx investments, NCO path
Q&A largely reaffirmed prepared remarks on strong execution and 2026 guidance, but unpacked flat OpEx as savings across tech, personnel, and G&A offset by investments in risk-based pricing above 36%, SPL growth, and marketing to drive mid-single-digit originations without credit loosening. Management doubled down on Q1 NCO peak at 12.65% before dropping to 11.65% implied later, backed by falling delinquencies to 4.4%-4.5%. Macro resilience tempers wage and fuel worries. Losses peak Q1, then decline. Debt paydown stays priority amid CEO transition; investors watch pricing rollout.
Key Stats
Market Cap
242.27MP/E (TTM)
7.62Basic EPS (TTM)
0.72Dividend Yield
0%Recent Filings
10-K
FY2025 results
Oportun swung to $25.2M net income for FY2025 ended December 31, 2025, from a $78.7M loss in 2024, fueled by a milder $319M net fair value drop and 14% operating expense cuts to $362M. Aggregate originations climbed 10% to $1.96B on returning members and secured loan expansion, yet average daily principal dipped 2% to $2.70B amid credit tightening; Q4 held steady with 12.0% annualized net charge-offs matching full-year. Portfolio yield slipped to 33.1%; liquidity swelled to $1.4B. Debt at $2.6B funds growth. Pathward reliance risks quarterly flows.
8-K
Oportun swings to $25M profit
Oportun posted full-year 2025 GAAP net income of $25 million, up $104 million from 2024's loss, with Adjusted EPS surging 89% to $1.36 on $957 million revenue. Originations grew 10% to $2.0 billion while expenses fell 12%; secured loans hit $226 million. Fifth straight GAAP profitable quarter. Guides 2026 Adjusted EPS to $1.50-$1.65.
8-K
Oportun prices $485M ABS
Oportun's subsidiary issued $485 million of two-year revolving fixed-rate asset-backed notes on February 9, 2026, secured by personal installment loans, at a weighted average yield of 5.32%—45 basis points below the prior deal. This marks the fourth straight sub-6% ABS transaction. Repaid $37.5 million corporate debt in Q4. Funding costs keep dropping.
8-K
CEO transition, results beat
Oportun Financial disclosed CEO Raul Vazquez's planned exit no later than April 3, 2026, with transition support through July 3 and $1.1M severance. Board launched search via executive firm. Preliminary Q4 revenue hit $246-248M, beating guidance; FY Adjusted EBITDA reached $146-148M. Leadership shift tests continuity amid strong results.
10-Q
Q3 FY2025 results
Oportun swung to Q3 net income of $5.2M ($0.11 diluted EPS) from a $30.0M loss (-$0.75) y/y, while YTD net income hit $21.8M ($0.46 diluted) versus a $87.4M loss (-$2.21). Total revenue dipped 4.5% y/y to $238.7M on lower interest income, but net revenue more than doubled to $105.1M (q/q from $62.6M) thanks to a milder $77.0M fair value drop (versus $131.6M y/y). Operating expenses fell 11.0% y/y to $90.8M, driving pre-tax income of $14.2M. Cash climbed to $104.6M with $304.5M operating cash flow YTD; debt mix shifted with asset-backed borrowings at $2.0B (up from $984M YE) and secured financing down to $162M. Credit card portfolio sold Nov 2024 for $51.2M cash. Pathward partnership winds down by Feb 2026. Regulatory scrutiny persists on lending practices.
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