Oportun Financial (OPRT) Company Report

Oportun Financial reported Q3 2025 revenue of $239 million and adjusted EPS of $0.39, marking its fourth consecutive quarter of GAAP profitability.
The company raised its full-year 2025 Adjusted EPS guidance by 4% at the midpoint to $1.30-$1.40 per share, projecting 81%-94% growth year-over-year, and expects further Adjusted EPS growth in 2026.
Strategic initiatives include tightening credit, with 70% of Q3 originations from existing members , and significant growth in Secured Personal Loans (SPL), which now represent 8% of the portfolio and have 500 basis points lower credit losses than unsecured loans.
Oportun has strengthened its capital structure by reducing its debt to equity ratio from 7.3 times to 7.1 times quarter-over-quarter and achieving sub-6% funding costs on recent ABS transactions.
The company achieved an Adjusted ROE of 20% in Q3, a 19 percentage point year-over-year improvement, and aims for long-term ROE targets of 20%-28%.

Dec 10, 2025, 9:00 PM

Transcript

Oportun Financial Reports Q3 2025 Profitability and Raises Full-Year EPS Guidance

OPRT

Earnings

Guidance Update

Revenue Acceleration/Inflection

Oportun Financial reported its fourth consecutive quarter of GAAP profitability in Q3 2025, with $5.2 million in net income and $0.11 diluted EPS, and $0.39 adjusted EPS.
The company raised its full-year 2025 Adjusted EPS guidance by 4% at the midpoint to $1.30-$1.40 per share, projecting 81%-94% year-over-year growth, and expects further Adjusted EPS growth in 2026.
Originations increased 7% year-over-year to $512 million in Q3 2025, driven by strong growth in secured personal loans, which now comprise 8% of the portfolio.
Oportun is actively strengthening its capital structure, reducing its debt-to-equity ratio from 7.3x to 7.1x in Q3 2025 and repaying $50 million of high-cost corporate debt.
Management anticipates slightly elevated loss rates in Q4 2025 and Q1 2026, primarily due to a mix shift, but expects these to ease by Q2 2026 as credit tightening measures take effect.

Dec 10, 2025, 9:00 PM

Transcript

Oportun Financial Reports Strong Q3 2025 Results and Raises Full-Year Adjusted EPS Guidance

OPRT

Earnings

Guidance Update

Debt Issuance

Oportun Financial reported strong Q3 2025 results, including $239 million in total revenue, $5.2 million in GAAP net income, and $0.39 in Adjusted EPS, marking its fourth consecutive quarter of GAAP profitability and seventh consecutive quarter of adjusted profitability.
The company raised its full-year 2025 Adjusted EPS guidance to $1.30-$1.40 per share, representing 81%-94% year-over-year growth, and anticipates further Adjusted EPS growth in 2026.
Oportun is actively strengthening its capital structure by deleveraging, reducing its debt-to-equity ratio from 7.3 times to 7.1 times in Q3, and repaying $50 million of high-cost corporate debt since October 2024, leading to an annualized interest expense reduction of $7.5 million.
Credit performance shows improvement with the front book of loans outperforming older vintages, though the company expects a temporary elevated net charge-off rate of 12.45% at the midpoint for Q4 2025, easing by Q2 2026 due to prior originations mix and recent tightening.
Strategic focus includes shifting originations to existing members (70% in Q3) and growing Secured Personal Loans, which now represent 8% of the portfolio and have 500 basis points lower credit losses than unsecured loans.

Dec 10, 2025, 9:00 PM

Transcript

Oportun Reports Strong Q3 2025 Results, Raises Full-Year Adjusted EPS Guidance

OPRT

Earnings

Guidance Update

Demand Weakening

Oportun (OPRT) reported strong Q3 2025 results, marking its fourth consecutive quarter of GAAP profitability with net income of $5.2 million and an adjusted EPS of $0.39 per share.
The company demonstrated continued expense discipline, with operating expenses down 11% year-over-year to $91 million in Q3, and updated its full-year 2025 GAAP operating expense outlook to approximately $370 million.
While the annualized net charge-off rate modestly improved to 11.8% in Q3, the 30-plus day delinquency rate was at the higher end of expectations, prompting credit tightening actions and a revised full-year 2025 annualized net charge-off rate of 12.1% at the midpoint.
Oportun raised its full-year 2025 adjusted EPS guidance to a range of $1.30-$1.40 per share, reflecting strong year-over-year growth of 81%-94%, and strengthened its capital structure by reducing its debt-to-equity ratio to 7.1 times and executing ABS financings at weighted average yields below 6%.

Nov 4, 2025, 10:00 PM

Transcript

Oportun Financial Corp Reports Q3 2025 Results and Raises Full-Year Adjusted EPS Guidance

OPRT

Earnings

Guidance Update

Revenue Acceleration/Inflection

Oportun Financial Corp achieved its fourth consecutive quarter of GAAP profitability in Q3 2025, reporting GAAP net income of $5.2 million and GAAP EPS of $0.11.
Adjusted EPS for Q3 2025 was $0.39, a substantial increase from $0.02 in the prior-year period, and Adjusted EBITDA grew 31% year-over-year to $41 million.
The company increased the midpoint of its full-year 2025 Adjusted EPS guidance by 4%, with a revised range of $1.30 to $1.40 per share, anticipating 81% to 94% year-over-year growth.
Operating expenses were reduced 11% year-over-year, and the full-year operating expense outlook was lowered by an additional $10 million.
Aggregate Originations for Q3 2025 increased 7% year-over-year to $512 million, while the Annualized Net Charge-Off Rate improved by 7 basis points to 11.8%.

Nov 4, 2025, 9:34 PM

8-K

Oportun Financial Reports Q3 2025 Results and Raises Full-Year Adjusted EPS Guidance

OPRT

Earnings

Guidance Update

Oportun Financial reported its fourth consecutive quarter of GAAP profitability in Q3 2025, with GAAP Net income of $5.2 million and GAAP EPS of $0.11, marking a $35 million year-over-year improvement in net income.
Adjusted EPS for Q3 2025 was $0.39, significantly up from $0.02 in the prior-year period, and Adjusted EBITDA grew 31% year-over-year to $41 million.
Total revenue for Q3 2025 was $239 million, a 5% decrease compared to the prior-year quarter, primarily due to the absence of $9.2 million from the credit cards receivable portfolio sold in November 2024 and a lower Portfolio Yield.
The company increased its full-year 2025 Adjusted EPS guidance range to $1.30 to $1.40 per share, reflecting expected strong year-over-year growth of 81% to 94%.
Operating expenses were reduced 11% year-over-year, and the company strengthened its capital structure by executing ABS financings and expanding warehouse financing capacity.

Nov 4, 2025, 9:05 PM

Press Release

Oportun announces enhancements to its debt capital structure

OPRT

Debt Issuance

Oportun closed a new $247 million, three-year revolving term committed warehouse facility and extended an existing warehouse facility by 12 months.
The company increased its total committed warehouse capacity from $954 million to $1.14 billion and extended the weighted average remaining term for combined warehouse facilities from 17 months to 25 months.
Oportun proactively repaid $17.5 million of higher cost corporate debt since the end of the third quarter, bringing the total corporate debt paid down to $50 million since October 2024, and reduced overall warehouse financing costs.

Oct 20, 2025, 9:01 PM

8-K

Oportun Completes $441 Million Asset-Backed Securitization

OPRT

Debt Issuance

On October 20, 2025, Oportun announced the issuance of $441 million in two-year revolving fixed rate asset-backed notes.
The transaction achieved a weighted average yield of 5.77% and a weighted average coupon of 5.69%.
This was Oportun's fourth ABS transaction of the year, with the most senior bonds receiving a AAA rating for the third consecutive time.
Interim Chief Financial Officer Paul Appleton stated that the 5.77% yield reflects robust investor demand and the company's ability to consistently raise low-cost capital.

Oct 20, 2025, 12:00 PM

Press Release

Oportun Enhances Debt Capital Structure

OPRT

Debt Issuance

New Projects/Investments

Oportun closed a new $247 million, three-year revolving term committed warehouse facility and extended an existing one by 12 months, increasing total committed warehouse capacity from $954 million to $1.14 billion.
These enhancements reduced overall warehouse financing costs and increased the weighted average remaining term of combined warehouse facilities from 17 months to 25 months.
The company also proactively paid down $17.5 million of higher cost corporate debt since the end of the third quarter, contributing to a total of $50 million paid down since October 2024, reducing the initial $235 million balance to $185 million.

Oct 14, 2025, 8:10 PM

Press Release

Oportun Financial Amends Pathward Program Agreement and Acquires Loan Portfolio

OPRT

Accounting Changes

New Projects/Investments

Oportun Financial Corporation entered into an Amendment to its Program Agreement with Pathward, National Association on September 26, 2025, which will result in Pathward ceasing to retain Oportun loans by the end of February 2026.
Effective October 1, 2025, Oportun will purchase 100% of all loans originated by Pathward under the program, eliminating retained loan balance obligations and the associated derivative accounting.
The Company will make an initial purchase of approximately $115 million of Pathward's existing retained loan portfolio, scheduled to close on October 3, 2025, and expects to fund this using its existing warehouse facilities.