Oportun Financial Stock Earnings Reports

Oportun delivered a strong Q3 2025: fourth consecutive quarter of GAAP profitability with net income of $5.2M and GAAP ROE of 5%, driven by expense discipline, improved credit performance and originations growth. Key metrics: Q3 originations $512M (up 7% y/y), annualized net charge-off rate 11.8% (modestly improved y/y), 30+ day delinquency 4.7% (down 44 bps y/y). Operating expenses fell to $91M (down 11% y/y) and full-year 2025 OpEx guidance was reduced to ~$370M. Management tightened credit (more originations to returning members, smaller average loan sizes and new early-default model), which will slightly slow origination growth (now expected high single-digit growth for FY2025) and modestly raise FY net charge-off midpoint to 12.1% (about +20 bps) with the company expecting this to be temporary and to normalize by mid-2026. Capital structure materially improved: debt-to-equity down to 7.1x (goal 6x), successful ABS issuances at sub-6% funding cost, repayment of higher-cost corporate debt and expanded warehouse capacity. Management raised full-year adjusted EPS guidance to $1.30–$1.40 (midpoint up ~4%), and reiterated path toward target operating metrics (adjusted OpEx ~12.5% of portfolio, net charge-offs 9–11%, ROE 20–28%).