Oportun Financial Corp

Listed Company

OPRTCIK 0001538716NasdaqAcceleratedSmaller ReportingFinance ServicesDelawareFY ends Dec 31

Period

FY 2025

Revenue

$956.68M

Net Income

$25.25M

Total Assets

—

Equity

—

Shares Out

45.74M

Op. Cash Flow

$413.41M

Business

Oportun Financial Corp provides consumer financial services designed to expand access to responsible and affordable credit and automated savings to underserved U.S. customers. It offers unsecured and secured personal installment loans, a savings product (Set & Save), and lead-generation Lending-as-a-Service capabilities, all underpinned by A.I.-driven underwriting, pricing, fraud detection and savings automation. Key business areas include consumer lending (unsecured and secured loans), automated savings, and third-party lead-generation partnerships and bank partner programs. Oportun serves members nationwide through its mobile app, website, telesales, physical retail locations and partner channels.

Summary from filing dated 2025-02-20

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Interest income	893	925	963	876	576
Non-interest income	63	76	93	76	51
Total revenue	957	1,002	1,057	953	627
Interest expense	232	238	179	93	48
Net decrease in fair value	−319	−468	−597	−219	−49
Net revenue	406	295	281	641	530
Technology and facilities	142	166	219	216	140
Sales and marketing	71	67	75	110	117
Personnel	80	87	122	155	116
Outsourcing and professional fees	35	37	45	68	58
General, administrative and other	34	53	72	59	37
Total operating expenses	362	410	534	716	—
Income (loss) before taxes	44	−115	−254	−75	63
Income tax expense (benefit)	19	−37	−74	3	15
Net income (loss)	25	−79	−180	−78	47
Net income (loss) attributable to common stockholders	25	−79	−180	−78	47
Net income (loss) attributable to common stockholders	25	−79	−180	−78	47
Basic (in USD per share)	0.54	−1.95	−4.88	−2.37	1.68
Diluted (in USD per share)	0.53	−1.95	−4.88	−2.37	1.56
Basic (in shares)	46	40	37	33	28
Diluted (in shares)	48	40	37	33	30

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Cash and cash equivalents	106	60	91	99	131
Restricted cash	93	155	115	105	62
Loans receivable at fair value	2,874	2,779	2,962	3,175	2,387
Capitalized software and other intangibles, net	72	87	115	140	131
Right of use assets - operating	9	10	21	30	38
Other assets	104	138	108	64	72
Total assets	3,258	3,227	3,412	3,614	2,947
Secured financing	199	535	290	318	394
Asset-backed notes at fair value	264	1,081	1,780	2,388	1,652
Asset-backed borrowings at amortized cost	2,193	984	—	—	—
Acquisition and corporate financing	144	204	259	223	—
Lease liabilities	11	18	28	38	48
Other liabilities	57	51	69	100	135
Total liabilities	2,868	2,873	3,007	3,066	2,343
Note 15 Leases, Commitments and Contingencies	—	—	—	—	—
Common stock, $0.0001 par value - 1,000,000,000 shares authorized at December 31, 2025 and December 31, 2024; 44,709,065 shares issued and 44,437,042 shares outstanding at December 31, 2025; 36,383,879 shares issued and 36,111,856 shares outstanding at December 31, 2024	8,000	7,000	7,000	7,000	6,000
Common stock, additional paid-in capital	624	613	585	548	526
Accumulated deficit	−227	−253	−174	6	84
Treasury stock at cost, 272,023 and 272,023 shares at December 31, 2025 and December 31, 2024	−6	−6	−6	−6	−6
Total stockholders equity	390	354	404	548	604
Total liabilities and stockholders' equity	3,258	3,227	3,412	3,614	2,947

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Depreciation and amortization	41	51	55	48	27
Origination fees for loans receivable at fair value, net	−38	−33	−23	−27	−16
Gain on loan sales	−6	−6	−8	−6	−27
Stock-based compensation expense	11	13	19	28	19
Other, net	55	4	−53	30	31
Originations of loans sold and held for sale	−140	−120	−57	−53	−215
Proceeds from sale of loans	148	124	65	59	242
Changes in operating assets and liabilities	−2	−30	−21	−81	−10
Net cash provided by operating activities	413	394	393	248	163
Originations and purchases of loans held for investment	−1,763	−1,526	−1,580	−2,763	−1,842
Proceeds from loan sales originated as held for investment	0	54	4	249	0
Repayments of loan principal	1,418	1,298	1,323	1,397	1,108
Capitalization of system development costs	−24	−19	−31	−49	−26
Other, net	−971,000	−886,000	−1	−6	—
Net cash used in investing activities	−370	−194	−286	−1,172	−885
Borrowings under secured financing	1,038	742	246	1,972	1,292
Repayments of secured financing	−1,372	−494	−275	−2,050	−1,145
Repayments of asset-backed notes at fair value	−835	−771	−708	−233	−875
Borrowings under asset-backed borrowings at amortized cost	1,832	771	626	—	—
Repayments of asset-backed borrowings at amortized cost	−647	−364	−34	0	—
Borrowings under acquisition and corporate financing	0	223	73	0	—
Repayments of acquisition and corporate financing	−71	−286	−28	0	—
Payments of deferred financing costs	−3	−13	−3	−8	−2
Net payments related to stock-based activities	−400,000	−272,000	−3	−9	−3
Net cash used in financing activities	−59	−191	−104	935	746
Net increase (decrease) in cash and cash equivalents and restricted cash	−16	9	2	11	24
Cash paid for income taxes, net of refunds	3	1	−2	−3	4
Cash paid for interest	195	214	184	86	47
Cash paid for amounts included in the measurement of operating lease liabilities	11	13	14	16	18
Right of use assets obtained in exchange for operating lease obligations	4	−4	2	—	—
Non-cash investments in capitalized assets	664,000	1	−305,000	3	—
Non-cash financing activities	60	59	18	2	33,000

Filings

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