OPRT · Oportun Financial Corporation

Summary

Oportun Financial Corporation reported Q1 2026 results with $229M revenue, $2.3M net income, and $0.05 diluted EPS, achieving sixth consecutive quarter of GAAP profitability while reiterating full-year guidance.

Key takeaways

• Total revenue $229M, down 3% YoY from $236M due to lower originations.
• GAAP net income $2.3M and diluted EPS $0.05, versus $10M and $0.21 in prior-year quarter.
• Aggregate originations $417M, down 11% YoY; Owned Principal Balance $2.6B, down from $2.7B.
• Annualized Net Charge-Off Rate 12.7%, up from 12.2% YoY; 30+ Day Delinquency 4.5%, improved from 4.7%.
• Reiterated FY2026 Adjusted EPS guidance $1.50-$1.65, reflecting 16% YoY growth at midpoint.
• Total cash $210M; $922M undrawn warehouse capacity through 2028-2029.