Oportun Financial Corp. ( (OPRT) ) has released its Q1 earnings. Here is a breakdown of the information Oportun Financial Corp. presented to its investors.
Oportun Financial Corporation is a mission-driven financial services company that offers intelligent borrowing, savings, and budgeting solutions to help its members achieve their financial goals, primarily operating in the financial services sector.
Oportun Financial Corp. reported a strong start to 2025 with a notable increase in profitability for the first quarter. The company achieved a GAAP net income of $9.8 million, marking a significant improvement from a loss in the previous year, and adjusted earnings per share increased to $0.40.
Key highlights from the earnings report include a 39% increase in aggregate originations to $469 million and a 15% reduction in operating expenses year-over-year. The company also reported improved credit performance, with a decline in 30-plus day delinquencies and dollar net-charge-offs. Despite a 6% decrease in total revenue due to the sale of its credit card receivable portfolio, net revenue increased by 34%.
Oportun’s management remains optimistic about the company’s future, reiterating its full-year 2025 profit expectations and adjusted EPS guidance of $1.10 to $1.30 per share. The company plans to maintain strong cost discipline and moderate its loan origination growth expectations amid macroeconomic uncertainties.