{"id":960118,"date":"2026-05-07T17:58:35","date_gmt":"2026-05-07T21:58:35","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/oportun-reports-first-quarter-2026-results-extends-gaap-profitability-streak\/"},"modified":"2026-05-07T17:58:35","modified_gmt":"2026-05-07T21:58:35","slug":"oportun-reports-first-quarter-2026-results-extends-gaap-profitability-streak","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/oportun-reports-first-quarter-2026-results-extends-gaap-profitability-streak\/","title":{"rendered":"Oportun Reports First Quarter 2026 Results; Extends GAAP Profitability Streak"},"content":{"rendered":"
\n

\n
\n Achieves all first quarter guidance metrics<\/em>
\n <\/strong>\n <\/p>\n

\n
\n Delivers sixth consecutive quarter of GAAP profitability<\/em>
\n <\/strong>\n <\/p>\n

\n
\n Strengthens balance sheet and liquidity position<\/em>
\n <\/strong>\n <\/p>\n

\n
\n Reiterates full-year 2026 guidance<\/em>
\n <\/strong>\n <\/p>\n\n\n
\u00a0<\/td>\n<\/tr>\n<\/table>\n

SAN MATEO, Calif., May 07, 2026 (GLOBE NEWSWIRE) — Oportun Financial Corporation (Nasdaq: OPRT) (\u201cOportun\u201d, or the “Company”) today reported financial results for the first quarter ended March 31, 2026.<\/p>\n

\u201cHaving joined Oportun last month, I\u2019m encouraged by the team\u2019s disciplined execution in the first quarter,\u201d said Doug Bland, CEO of Oportun. \u201cThe business has made meaningful progress strengthening its foundation, including continued GAAP profitability, lower funding costs and improved liquidity. At the same time, it is clear there is more work ahead to improve through-cycle credit performance and rebuild durable, profitable growth. Based on my review to date, we are reiterating our full year 2026 guidance.\u201d<\/p>\n

Added Paul Appleton, Oportun’s Interim Chief Financial Officer: \u201cWe expect to ramp originations from first quarter levels through the remainder of the year while maintaining credit discipline and reducing our loss rates. We are also advancing our risk-based pricing initiative, which we expect to launch in the second half of the year, expanding access to customers we are not able to serve today. I am pleased that our full year 2026 Adjusted EPS guidance of $1.50 to $1.65 continues to reflect 16% year-over-year growth at the midpoint.\u201d<\/p>\n

\n
\n
\n First Quarter 2026 Results<\/u>
\n <\/strong>
\n <\/strong>\n <\/p>\n\n\n\n\n\n\n\n\n\n
\n Metric<\/strong>\n <\/td>\n\n GAAP<\/strong>\n <\/td>\n\u00a0<\/td>\n\n Adjusted<\/strong>
\n
\n 1<\/strong>
\n <\/sup>\n <\/td>\n<\/tr>\n
\u00a0<\/td>\n\n 1Q26<\/strong>\n <\/td>\n\n 1Q25<\/strong>\n <\/td>\n\u00a0<\/td>\n\n 1Q26<\/strong>\n <\/td>\n\n 1Q25<\/strong>\n <\/td>\n<\/tr>\n
Total revenue<\/td>\n$229<\/td>\n$236<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Net income<\/td>\n$2.3<\/td>\n$10<\/td>\n\u00a0<\/td>\n$10<\/td>\n$19<\/td>\n<\/tr>\n
Diluted EPS<\/td>\n$0.05<\/td>\n$0.21<\/td>\n\u00a0<\/td>\n$0.21<\/td>\n$0.40<\/td>\n<\/tr>\n
Adjusted EBITDA<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$29<\/td>\n$34<\/td>\n<\/tr>\n
\n Dollars in millions, except per share amounts.<\/em>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\n
\n
\n 1<\/em>
\n <\/strong>
\n <\/sup>
\n See the section entitled \u201cAbout Non-GAAP Financial Measures\u201d for an explanation of non-GAAP measures, and the table entitled \u201cReconciliation of Non-GAAP Financial Measures\u201d for a reconciliation of non-GAAP to GAAP measures.<\/em>\n <\/td>\n<\/tr>\n<\/table>\n

\n
\n
\n
Financial and Operating Results<\/strong>
\n <\/strong>\n <\/p>\n\n\n
\u00a0<\/td>\n<\/tr>\n<\/table>\n

All figures are as of or for the quarter ended March 31, 2026, unless otherwise noted.<\/p>\n

\n
\n
\n Operational Drivers <\/u>
\n <\/em>
\n <\/strong>\n <\/p>\n

\n Originations<\/strong> \u2013 In line with expectations under a tight credit posture, Aggregate Originations for the first quarter were $417 million, a decrease of 11% compared to $469 million in the prior-year quarter. Management continues to expect to grow originations in the mid-single-digits range over the course of full year 2026.<\/p>\n

\n Owned Principal Balance<\/strong> – Owned Principal Balance at the end of the first quarter was $2.6 billion, compared to $2.7 billion in the prior-year quarter.<\/p>\n

\n Portfolio Yield<\/strong> – Portfolio Yield for the first quarter was 32.1%, compared to 33.0% in the prior-year quarter. This decrease was driven by reduced originations and therefore lower origination fees, as we continued to operate under a conservative credit posture.<\/p>\n

\n Net Interest Margin Ratio<\/strong> – Net Interest Margin Ratio for the first quarter was relatively flat at 26.9%, compared to 26.8% in the prior-year quarter. Cost of Debt decreased by 91 basis points due to prepayments of our Corporate Term Loan and other balance sheet optimization initiatives. This was partially offset by a 2.1% interest income decline due to reduced Portfolio Yield.<\/p>\n

\n Risk Adjusted Net Interest Margin Ratio <\/strong>– Risk Adjusted Net Interest Margin Ratio, which includes Portfolio Yield, cost of funds, Net Charge-Offs, and loan-related fair value adjustments decreased year-over-year by 271 basis points to 14.4%. This was due to a lower Portfolio Yield and a higher Annualized Net Charge-Off rate along with the absence of a $12 million favorable mark-to-market adjustment on the Company’s loan portfolio reflected in the prior year period, partially offset by improvement in Cost of Debt.<\/p>\n

\n
\n
\n Financial Results<\/u>
\n <\/em>
\n <\/strong>\n <\/p>\n

\n Revenue<\/strong> \u2013 Total revenue for the first quarter was $229 million, a decrease of 3% as compared to $236\u00a0million in the prior-year quarter. The decline was primarily due to lower interest income driven by lower origination fees. Net revenue for the first quarter was $95 million, a 10% decrease compared to net revenue of $106 million in the prior-year quarter, as increased fair value marks, and the total revenue decline were only partially offset by a reduction in interest expense driven by prior-period prepayments of our Corporate Term Loan and other balance sheet optimization initiatives.<\/p>\n

\n Operating Expense and Adjusted Operating Expense <\/strong>\u2013 Total operating expense was $91 million, a decrease of 1% as compared to $93 million in the prior-year quarter. The Company continues to expect full year 2026 GAAP operating expenses to be substantially flat in comparison to 2025’s $362 million. Adjusted Operating Expense, which excludes stock-based compensation expense and certain non-recurring charges, decreased 4% year-over-year to $85 million primarily due to a decrease in direct mail marketing expense under a tight credit posture and reduced costs relating to the development of the Company’s internal software.<\/p>\n

\n Net Income <\/strong>
\n and Adjusted Net Income<\/strong> \u2013 Net income was $2.3 million as compared to $10 million in the prior-year quarter. The decreased profitability was attributable to higher fair value marks and lower total revenue, partially offset by lower interest expense. Adjusted Net Income was $10 million compared to $19 million\u00a0in the prior-year quarter, with the decline driven by similar factors.<\/p>\n

\n Earnings Per Share and Adjusted EPS <\/strong>\u2013 GAAP earnings per share, basic and diluted, were $0.05 during the first quarter, compared to GAAP net income per share, basic and diluted of $0.21 in the prior-year quarter. Adjusted Earnings Per Share was $0.21 as compared to $0.40 in the prior-year quarter.<\/p>\n

\n Adjusted EBITDA<\/strong> \u2013 Adjusted EBITDA was $29 million, down from $34 million in the prior-year quarter, attributable to lower interest income as lower total revenue and higher net charge-offs more than offset lower interest expense and Adjusted Operating Expense.<\/p>\n

\n
\n
\n Credit and Operating Metrics<\/u>
\n <\/em>
\n <\/strong>\n <\/p>\n

\n Net Charge-Off Rate<\/strong> \u2013 Annualized Net Charge-Off Rate for the quarter was 12.7%, compared to 12.2% for the prior-year quarter. Net Charge-offs in dollars for the quarter were up 4% to $85 million, compared to $81 million for the prior-year quarter.<\/p>\n

\n 30+ Day Delinquency Rate<\/strong> \u2013 The Company’s 30+ Day Delinquency Rate was 4.5% at the end of the quarter, compared to 4.7% at the end of the prior-year quarter.<\/p>\n

\n Operating Expense Ratio and Adjusted Operating Expense Ratio<\/strong>\u00a0\u2013 Operating Expense Ratio for the quarter was 13.6% as compared to 13.9% in the prior-year quarter, a 28 basis point improvement. Adjusted Operating Expense Ratio was 12.7% as compared to 13.3% in the prior-year quarter, a 63 basis point improvement.\u00a0The Adjusted Operating Expense Ratio excludes stock-based compensation expense and certain non-recurring charges. The reduction in the Company’s Adjusted Operating Expense Ratio is attributable to its focus on reducing operating expenses.<\/p>\n

\n Return On Equity (“ROE”) and Adjusted ROE<\/strong>\u00a0\u2013 ROE for the quarter was 2%, as compared to 11% in the prior-year quarter.\u00a0The decline was attributable to the decrease in net income. Adjusted ROE for the quarter was 11%, as compared to 21% in the prior-year quarter, with the decline attributable to the decrease in Adjusted Net Income.<\/p>\n\n\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n<\/table>\n

\n
\n
\n Secured Personal Loans <\/u>
\n <\/em>
\n <\/strong>\n <\/p>\n

As of March 31, 2026, the Company had a secured personal loan receivables balance of $233 million, or 9% of owned principal balance, up from $178 million, or 7% of owned principal balance at the end of the first quarter of 2025. Oportun currently offers secured personal loans in California, Texas, Florida, Arizona, New Jersey, Illinois, Nevada and Utah. During the first quarter, secured personal loans losses were substantially lower than for unsecured personal loans. Furthermore, secured personal loans are expected to generate approximately twice the revenue per loan compared to unsecured personal loans, primarily due to higher average loan sizes.<\/p>\n

\n
\n
\n Funding and Liquidity<\/u>
\n <\/em>
\n <\/strong>\n <\/p>\n

As of March 31, 2026, total cash was $210 million, consisting of cash and cash equivalents of $130 million and restricted cash of $79 million. Cost of Debt and Debt-to-Equity were 7.0% and 6.8x, respectively, for and at the end of the first quarter 2026 as compared to 8.2% and 7.6x, respectively, for and at the end of the prior-year quarter. As of March 31, 2026, the Company had $922 million of undrawn capacity on its existing $1,139 million personal loan warehouse lines. The Company’s personal loan warehouse lines as of March 31, 2026 were committed through 2028 and up to 2029.<\/p>\n

\n
\n Financial Outlook for <\/strong>
\n <\/strong>
\n
\n Second<\/strong>
\n <\/strong>
\n
\n Quarter and <\/strong>
\n <\/strong>
\n
\n Full Year 2026<\/strong>
\n <\/strong>\n <\/p>\n\n\n
\u00a0<\/td>\n<\/tr>\n<\/table>\n

Oportun is providing the following guidance for 2Q 2026 and full year 2026:<\/p>\n\n\n\n\n\n\n\n
\u00a0<\/td>\n\n 2Q<\/strong>
\n 2026<\/strong>\n <\/td>\n		\u00a0<\/td>\n\n Full Year 2026<\/strong>\n <\/td>\n<\/tr>\n
Total Revenue<\/td>\n$227 – $232M<\/td>\n\u00a0<\/td>\n$935 – $955M<\/td>\n<\/tr>\n
Annualized Net Charge-Off Rate<\/td>\n12.2% +\/- 15 bps<\/td>\n\u00a0<\/td>\n11.9% +\/- 50 bps<\/td>\n<\/tr>\n
Adjusted EBITDA1<\/sup><\/td>\n$34 – $39M<\/td>\n\u00a0<\/td>\n$150 – $165M<\/td>\n<\/tr>\n
Adjusted Net Income1<\/sup><\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$74 – $82M<\/td>\n<\/tr>\n
Adjusted EPS1<\/sup><\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$1.50 – $1.65<\/td>\n<\/tr>\n<\/table>\n

\n \n <\/p>\n\n\n\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\n
\n 1<\/strong>
\n <\/sup> See the section entitled \u201cAbout Non-GAAP Financial Measures\u201d for an explanation of non-GAAP measures, and the table entitled \u201cReconciliation of Forward Looking Non-GAAP Financial Measures\u201d for a reconciliation of non-GAAP to GAAP measures.<\/td>\n<\/tr>\n<\/table>\n

\n Conference Call<\/strong>\n <\/p>\n\n\n
\u00a0<\/td>\n<\/tr>\n<\/table>\n

As previously announced, Oportun\u2019s management will host a conference call to discuss first quarter 2026 results at 5:00\u00a0p.m. ET (2:00 p.m. PT) today. A live webcast of the call will be accessible from the Investor Relations page of Oportun’s website at https:\/\/investor.oportun.com. The dial-in number for the conference call is 1-866-604-1698 (toll-free) or 1-201-389-0844 (international). Participants should call in 10 minutes prior to the scheduled start time. Both the call and webcast are open to the general public. For those unable to listen to the live broadcast, a webcast replay of the call will be available at https:\/\/investor.oportun.com for one year. A file that includes supplemental financial information and reconciliations of certain non-GAAP measures to their most directly comparable GAAP measures, will be available on the Investor Relations page of Oportun’s website at https:\/\/investor.oportun.com following the conference call.<\/p>\n

\n About Non-GAAP Financial Measures<\/strong>\n <\/p>\n\n\n
\u00a0<\/td>\n<\/tr>\n<\/table>\n

This press release presents information about the Company\u2019s Adjusted Net Income (Loss), Adjusted EPS, Adjusted EBITDA, Adjusted Operating Expense, Adjusted Operating Expense Ratio, Adjusted ROE, Risk Adjusted Net Interest Margin, and Risk Adjusted Net Interest Margin Ratio, all of which are non-GAAP financial measures provided as a supplement to the results provided in accordance with accounting principles generally accepted in the United States of America (\u201cGAAP\u201d). The Company believes these non-GAAP measures can be useful measures for period-to-period comparisons of its core business and provide useful information to investors and others in understanding and evaluating its operating results. Non-GAAP financial measures are provided in addition to, and not as a substitute for, and are not superior to, financial measures calculated in accordance with GAAP. In addition, the non-GAAP measures the Company uses, as presented, may not be comparable to similar measures used by other companies. Reconciliations of non-GAAP to GAAP measures can be found below.<\/p>\n

\n About Oportun<\/strong>\n <\/p>\n\n\n
\u00a0<\/td>\n<\/tr>\n<\/table>\n

Oportun (Nasdaq: OPRT) is a mission-driven financial services company that puts its members’ financial goals within reach. With intelligent borrowing, savings, and budgeting capabilities, Oportun empowers members with the confidence to build a better financial future. Since inception, Oportun has provided more than $22.2 billion in responsible and affordable credit, saved its members more than $2.5 billion in interest and fees, and helped its members set aside an average of more than $1,800 annually. For more information, visit Oportun.com.<\/p>\n

\n Forward-Looking Statements<\/strong>\n <\/p>\n\n\n
\u00a0<\/td>\n<\/tr>\n<\/table>\n

This press release contains forward-looking statements. These forward-looking statements are subject to the safe harbor provisions under the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. All statements other than statements of historical fact contained in this press release, including statements as to future performance, results of operations and financial position; achievement of the Company’s strategic priorities and goals; the Company’s expectations regarding macroeconomic conditions; the Company’s profitability and future growth opportunities including expected revenue growth in connection with increasing originations; the effect of and trends in fair value mark-to-market adjustments on the Company’s loan portfolio and asset-backed notes; the Company’s second quarter and full year 2026 outlook; the Company\u2019s expectations regarding Adjusted EPS in full year 2026; the Company’s expectations related to future profitability on an adjusted basis, and the plans and objectives of management for our future operations, are forward-looking statements. These statements can be generally identified by terms such as \u201cexpect,\u201d \u201cplan,\u201d \u201cgoal,\u201d \u201ctarget,\u201d \u201canticipate,\u201d \u201cassume,\u201d \u201cpredict,\u201d \u201cproject,\u201d \u201coutlook,\u201d \u201ccontinue,\u201d \u201cdue,\u201d \u201cmay,\u201d \u201cbelieve,\u201d \u201cseek,\u201d or \u201cestimate\u201d and similar expressions or the negative versions of these words or comparable words, as well as future or conditional verbs such as \u201cwill,\u201d \u201cshould,\u201d \u201cwould,\u201d \u201clikely\u201d and \u201ccould.\u201d These forward-looking statements speak only as of the date on which they are made and, except to the extent required by federal securities laws, Oportun disclaims any obligation to update any forward-looking statement to reflect events or circumstances after the date on which the statement is made or to reflect the occurrence of unanticipated events. In light of these risks and uncertainties, there is no assurance that the events or results suggested by the forward-looking statements will in fact occur, and you should not place undue reliance on these forward-looking statements. These statements involve known and unknown risks, uncertainties, assumptions and other factors that may cause Oportun\u2019s actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Oportun has based these forward-looking statements on its current expectations and projections about future events, financial trends and risks and uncertainties that it believes may affect its business, financial condition and results of operations. These risks and uncertainties include those risks described in Oportun’s filings with the Securities and Exchange Commission, including Oportun’s most recent annual report on Form 10-K, and include, but are not limited to, Oportun’s ability to retain existing members and attract new members; Oportun’s ability to accurately predict demand for, and develop its financial products and services; the effectiveness of Oportun’s A.I. model; macroeconomic conditions, including fluctuating inflation and market interest rates; increases in loan non-payments, delinquencies and charge-offs; Oportun’s ability to increase market share and enter into new markets; Oportun’s ability to realize the benefits from acquisitions and integrate acquired technologies; the risk of security breaches or incidents affecting the Company’s information technology systems or those of the Company’s third-party vendors or service providers; Oportun\u2019s ability to successfully offer loans in additional states; Oportun\u2019s ability to compete successfully with other companies that are currently in, or may in the future enter, its industry; and changes in Oportun’s ability to obtain additional financing on acceptable terms or at all.<\/p>\n

\n Contacts<\/strong>\n <\/p>\n\n\n
\u00a0<\/td>\n<\/tr>\n<\/table>\n

\n Investor Contact<\/strong>
\n
Dorian Hare
(650) 590-4323
ir@oportun.com<\/a><\/u><\/p>\n

\n Media Contact<\/strong>
\n
Michael Azzano
Cosmo PR for Oportun
(415) 596-1978
michael@cosmo-pr.com<\/a><\/u><\/p>\n

Oportun and the Oportun logo are registered trademarks of Oportun, Inc.<\/p>\n\n\n\n
\n
\n
Oportun Financial Corporation<\/strong>
\n
\n CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS <\/strong>
\n
\n (in millions, except share and per share data, unaudited)<\/p>\n

<\/strong>\n <\/td>\n<\/tr>\n

\u00a0<\/td>\n<\/tr>\n<\/table>\n

\n \n <\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
\u00a0<\/td>\n\u00a0<\/td>\n\n Three Months Ended<\/strong>
\n
\n March 31,<\/strong>\n <\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n 2026<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n 2025<\/strong>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n
\n Revenue<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Interest income<\/td>\n\u00a0<\/td>\n$<\/td>\n215.7<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n220.2<\/td>\n\u00a0<\/td>\n<\/tr>\n
Non-interest income<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n13.1<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n15.7<\/td>\n\u00a0<\/td>\n<\/tr>\n
\n Total revenue<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n 228.8<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n 235.9<\/strong>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n
Less:<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Interest expense<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n48.0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n57.4<\/td>\n\u00a0<\/td>\n<\/tr>\n
Net decrease in fair value<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(85.9<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(72.7<\/td>\n)<\/td>\n<\/tr>\n
\n Net revenue<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n 94.9<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n 105.8<\/strong>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\n Operating expenses:<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Technology and facilities<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n34.1<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n36.4<\/td>\n\u00a0<\/td>\n<\/tr>\n
Sales and marketing<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n15.9<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n19.9<\/td>\n\u00a0<\/td>\n<\/tr>\n
Personnel<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n25.5<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n21.0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Outsourcing and professional fees<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n8.7<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n8.0<\/td>\n\u00a0<\/td>\n<\/tr>\n
General, administrative and other<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n7.0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n7.4<\/td>\n\u00a0<\/td>\n<\/tr>\n
\n Total operating expenses<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n 91.3<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n 92.7<\/strong>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\n Income before taxes<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n 3.6<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n 13.2<\/strong>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n
Income tax expense<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1.2<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n3.4<\/td>\n\u00a0<\/td>\n<\/tr>\n
\n Net income<\/strong>\n <\/td>\n\u00a0<\/td>\n\n $<\/strong>\n <\/td>\n\n 2.3<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n $<\/strong>\n <\/td>\n\n 9.8<\/strong>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Diluted Earnings per Common Share<\/td>\n\u00a0<\/td>\n$<\/td>\n0.05<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n0.21<\/td>\n\u00a0<\/td>\n<\/tr>\n
Diluted Weighted Average Common Shares<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n48,498,763<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n47,037,799<\/td>\n\u00a0<\/td>\n<\/tr>\n<\/table>\n

\n Note: Numbers may not foot or cross-foot due to rounding.<\/strong>\n <\/p>\n\n\n\n
\n
\n
Oportun Financial Corporation<\/strong>
\n
\n CONDENSED CONSOLIDATED BALANCE SHEETS <\/strong>
\n
\n (in millions, unaudited)<\/p>\n

<\/strong>\n <\/td>\n<\/tr>\n

\u00a0<\/td>\n<\/tr>\n<\/table>\n

\n \n <\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
\u00a0<\/td>\n\u00a0<\/td>\n\n March 31,<\/strong>\n <\/td>\n\u00a0<\/td>\n\n December 31,<\/strong>\n <\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n 2026<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n 2025<\/strong>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n
\n Assets<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Cash and cash equivalents<\/td>\n\u00a0<\/td>\n$<\/td>\n130.4<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n105.5<\/td>\n\u00a0<\/td>\n<\/tr>\n
Restricted cash<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n79.5<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n93.4<\/td>\n\u00a0<\/td>\n<\/tr>\n
Loans receivable at fair value<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2,771.8<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2,874.1<\/td>\n\u00a0<\/td>\n<\/tr>\n
Capitalized software and other intangibles<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n69.4<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n71.7<\/td>\n\u00a0<\/td>\n<\/tr>\n
Right of use assets – operating<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n10.5<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n9.4<\/td>\n\u00a0<\/td>\n<\/tr>\n
Other assets<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n106.0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n103.7<\/td>\n\u00a0<\/td>\n<\/tr>\n
Total assets<\/td>\n\u00a0<\/td>\n$<\/td>\n3,167.5<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n3,257.9<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\n Liabilities and stockholders’ equity<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Liabilities<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Secured financing<\/td>\n\u00a0<\/td>\n$<\/td>\n212.5<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n199.4<\/td>\n\u00a0<\/td>\n<\/tr>\n
Asset-backed notes at fair value<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n194.3<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n263.8<\/td>\n\u00a0<\/td>\n<\/tr>\n
Asset-backed borrowings at amortized cost<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2,154.4<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2,192.6<\/td>\n\u00a0<\/td>\n<\/tr>\n
Acquisition and corporate financing<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n145.1<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n143.7<\/td>\n\u00a0<\/td>\n<\/tr>\n
Lease liabilities<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n11.4<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n11.5<\/td>\n\u00a0<\/td>\n<\/tr>\n
Other liabilities<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n53.6<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n56.8<\/td>\n\u00a0<\/td>\n<\/tr>\n
Total liabilities<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2,771.3<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2,867.8<\/td>\n\u00a0<\/td>\n<\/tr>\n
Stockholders’ equity<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Common stock<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n<\/tr>\n
Common stock, additional paid-in capital<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n627.5<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n623.7<\/td>\n\u00a0<\/td>\n<\/tr>\n
Accumulated deficit<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(224.9<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(227.3<\/td>\n)<\/td>\n<\/tr>\n
Treasury stock<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(6.3<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(6.3<\/td>\n)<\/td>\n<\/tr>\n
Total stockholders\u2019 equity<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n396.3<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n390.1<\/td>\n\u00a0<\/td>\n<\/tr>\n
Total liabilities and stockholders’ equity<\/td>\n\u00a0<\/td>\n$<\/td>\n3,167.5<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n3,257.9<\/td>\n\u00a0<\/td>\n<\/tr>\n<\/table>\n

\n Note: Numbers may not foot or cross-foot due to rounding.<\/strong>\n <\/p>\n

\n \n <\/p>\n\n\n\n
\n
\n
Oportun Financial Corporation<\/strong>
\n
\n CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS <\/strong>
\n
\n (in millions, unaudited)<\/p>\n

<\/strong>\n <\/td>\n<\/tr>\n

\u00a0<\/td>\n<\/tr>\n<\/table>\n

\n \n <\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
\u00a0<\/td>\n\u00a0<\/td>\n\n Three Months Ended<\/strong>
\n
\n March 31,<\/strong>\n <\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n 2026<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n 2025<\/strong>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n
\n Cash flows from operating activities<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Net income<\/td>\n\u00a0<\/td>\n$<\/td>\n2.3<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n9.8<\/td>\n\u00a0<\/td>\n<\/tr>\n
Adjustments for non-cash items<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n104.9<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n83.2<\/td>\n\u00a0<\/td>\n<\/tr>\n
Proceeds from sale of loans in excess of originations of loans sold and held for sale<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1.4<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n3.0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Changes in balances of operating assets and liabilities<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(4.9<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n4.9<\/td>\n\u00a0<\/td>\n<\/tr>\n
\n Net cash provided by operating activities<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n103.7<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n101.0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\n Cash flows from investing activities<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Net loan principal repayments (loan originations)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n14.6<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(49.7<\/td>\n)<\/td>\n<\/tr>\n
Capitalization of system development costs<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(6.5<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(5.6<\/td>\n)<\/td>\n<\/tr>\n
Other, net<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(0.2<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(0.2<\/td>\n)<\/td>\n<\/tr>\n
\n Net cash provided by (used in) investing activities<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n8.0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(55.5<\/td>\n)<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\n Cash flows from financing activities<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Borrowings<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n558.9<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n745.4<\/td>\n\u00a0<\/td>\n<\/tr>\n
Repayments<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(659.3<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(774.0<\/td>\n)<\/td>\n<\/tr>\n
Net stock-based activities<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(0.5<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(0.5<\/td>\n)<\/td>\n<\/tr>\n
\n Net cash used in financing activities<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(100.8<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(29.1<\/td>\n)<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\n Net increase in cash and cash equivalents and restricted cash<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n10.9<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n16.3<\/td>\n\u00a0<\/td>\n<\/tr>\n
Cash and cash equivalents and restricted cash beginning of period<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n198.9<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n214.6<\/td>\n\u00a0<\/td>\n<\/tr>\n
Cash and cash equivalents and restricted cash end of period<\/td>\n\u00a0<\/td>\n$<\/td>\n209.9<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n231.0<\/td>\n\u00a0<\/td>\n<\/tr>\n<\/table>\n

\n Note: Numbers may not foot or cross-foot due to rounding.<\/strong>\n <\/p>\n\n\n\n
\n
\n
Oportun Financial Corporation<\/strong>
\n
\n CONSOLIDATED KEY PERFORMANCE METRICS<\/strong>
\n
\n (unaudited)<\/p>\n

<\/strong>\n <\/td>\n<\/tr>\n

\u00a0<\/td>\n<\/tr>\n<\/table>\n

\n \n <\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
\u00a0<\/td>\n\u00a0<\/td>\n\n Three Months Ended<\/strong>
\n
\n March 31,<\/strong>\n <\/td>\n<\/tr>\n
\n Key Financial and Operating Metrics<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n 2026<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n 2025<\/strong>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n
Aggregate Originations (Millions)<\/td>\n\u00a0<\/td>\n$<\/td>\n416.9<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n469.4<\/td>\n\u00a0<\/td>\n<\/tr>\n
Portfolio Yield (%)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n32.1<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n33.0<\/td>\n%<\/td>\n<\/tr>\n
30+ Day Delinquency Rate (%)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n4.5<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n4.7<\/td>\n%<\/td>\n<\/tr>\n
Annualized Net Charge-Off Rate (%)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n12.7<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n12.2<\/td>\n%<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\n Other Metrics<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Managed Principal Balance at End of Period (Millions)<\/td>\n\u00a0<\/td>\n$<\/td>\n2,804.3<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n2,955.0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Owned Principal Balance at End of Period (Millions)<\/td>\n\u00a0<\/td>\n$<\/td>\n2,640.6<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n2,659.4<\/td>\n\u00a0<\/td>\n<\/tr>\n
Average Daily Principal Balance (Millions)<\/td>\n\u00a0<\/td>\n$<\/td>\n2,721.6<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n2,705.2<\/td>\n\u00a0<\/td>\n<\/tr>\n
Average Daily Debt Balance (Millions)<\/td>\n\u00a0<\/td>\n$<\/td>\n2,764.1<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n2,839.1<\/td>\n\u00a0<\/td>\n<\/tr>\n
Annualized interest expense (Millions)<\/td>\n\u00a0<\/td>\n$<\/td>\n194.6<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n232.8<\/td>\n\u00a0<\/td>\n<\/tr>\n
Cost of Debt (%)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n7.0<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n8.2<\/td>\n%<\/td>\n<\/tr>\n
Customer Acquisition Cost(2)<\/sup><\/td>\n\u00a0<\/td>\n$<\/td>\n134<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n139<\/td>\n\u00a0<\/td>\n<\/tr>\n<\/table>\n

\n Note: Numbers may not foot or cross-foot due to rounding.<\/strong>\n <\/p>\n\n\n\n
\n
\n
Oportun Financial Corporation<\/strong>
\n
\n ABOUT NON-GAAP FINANCIAL MEASURES<\/strong>
\n
\n (unaudited)<\/p>\n

<\/strong>\n <\/td>\n<\/tr>\n

\u00a0<\/td>\n<\/tr>\n<\/table>\n

This press release dated May\u00a07, 2026 contains non-GAAP financial measures. The following tables reconcile the non-GAAP financial measures in this press release to the most directly comparable financial measures prepared in accordance with GAAP.<\/p>\n

The Company believes that the provision of these non-GAAP financial measures can provide useful measures for period-to-period comparisons of Oportun’s core business and useful information to investors and others in understanding and evaluating its operating results. However, non-GAAP financial measures are not calculated in accordance with GAAP and should not be considered as a substitute for, or superior to, measures of financial performance prepared in accordance with GAAP. These non-GAAP financial measures do not reflect a comprehensive system of accounting, differ from GAAP measures with the same names, and may differ from non-GAAP financial measures with the same or similar names that are used by other companies.<\/p>\n

\n Adjusted EBITDA<\/strong>\n <\/p>\n

The Company defines Adjusted EBITDA as net income, adjusted to eliminate the effect of certain items as described below. The Company believes that Adjusted EBITDA is an important measure because it allows management, investors and its board of directors to evaluate and compare operating results, including return on capital and operating efficiencies, from period to period by making the adjustments described below. In addition, it provides a useful measure for period-to-period comparisons of Oportun’s business, as it removes the effect of income taxes, certain non-cash items, variable charges and timing differences.<\/p>\n