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EarningsQ2 2026 Earnings Report
OPRT Q2 2026 EPS Results
Actual EPS$0.42
Consensus EPS$0.33
Beat/MissBeat by +$0.09
One Year Ago EPS$0.31
OPRT Q2 2026 Revenue Results
Actual Revenue$233.23M
Expected Revenue$230.68M
Beat/MissBeat by +$2.55M
YoY Revenue Growth-0.48%
Earnings Announcement Details
QuarterQ2 2026
Date08/05/2026
TimeAfter Close
Conference CallWednesday, August 5, 2026
OPRT Upcoming Earnings
Oportun Financial's next earnings date is estimated for November 9, 2026, based on past reporting schedules.
Q2 2026 Earnings Call Audio
OPRT Q2 2026 Earnings Call
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Q2 2026 Earnings Slide Deck
Q2 2026 Earnings Call Summary
Earnings Call Sentiment|Positive
The call communicated a clear positive trajectory: Oportun exceeded guidance, delivered strong adjusted EBITDA and EPS growth, materially improved credit metrics and strengthened liquidity and leverage. Management emphasized disciplined, data‑driven and deliberate growth—prioritizing returning members, secured lending, risk‑based pricing and balance sheet optimization. Headwinds include fair‑value volatility (net decrease in fair value and mark‑to‑market impacts), modest topline growth, reliance on a near‑term noncash interest benefit, and continued macro uncertainty that constrains aggressive new member expansion. On balance, operational and financial improvements outweigh the challenges and near‑term cautions.Company Guidance
Revenue Slightly Above Guidance; Stable Year‑over‑Year
Total revenue of $233 million, $1 million above the high end of guidance and down less than 0.5% year‑over‑year; net revenue of $106 million, up $1 million year‑over‑year as lower interest expense offset fair value impacts.
Strong Profitability and Earnings Growth
GAAP net income of $8.5 million and GAAP EPS of $0.17 (up 21% YoY); adjusted net income of $21 million and adjusted EPS of $0.42 (up 35% YoY); seventh consecutive quarter of GAAP profitability.
Large Adjusted EBITDA Improvement
Adjusted EBITDA of $49 million, up $17 million or 56% year‑over‑year and materially above the guidance range ($34M–$39M) driven primarily by lower interest expense and expense discipline.
Credit Performance Improving Sequentially
Annualized net charge‑off rate improved sequentially by 65 basis points to 12% and 30+ day delinquency fell to 4.0% (multi‑year low); Q3 NCO guidance midpoint of 11% (±15 bps) and full year midpoint guidance of 11.7% (±30 bps) both reflect improvement.
Originations Returned to Growth with Better Mix
Originations grew 1% year‑over‑year in Q2; returning members accounted for 82% of originations (up 64% YoY), and secured personal loan (SPL) originations grew 15%, with SPLs representing 9% of the portfolio (vs. 7% a year ago).
Balance Sheet Strengthening and Liquidity
Unrestricted cash increased to $140 million (up $43 million YoY); total debt outstanding down $187 million (7% decline YoY) and debt‑to‑equity improved to 6.5x from 7.3x a year ago; $30 million of high‑cost corporate debt repaid in the quarter ($100M repaid since Oct 2024).
Lower Interest Expense and Improved Return Metrics
Quarterly interest expense of $42 million, down $18 million or 30% YoY driven by balance sheet optimization and a favorable noncash change in interest recognition (~$7M benefit in Q2 and ~$3M expected in H2); adjusted ROE of 20.5% (within 20%–28% target) and adjusted ROA of 2.6% improved YoY.
Product & Risk Enhancements to Support Disciplined Growth
Launched risk‑based pricing in July, deployed V13 credit model for new members in June, rolled out payment protection product in April, and executed the Column bank partner agreement to enable risk‑based pricing tests.
OPRT Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed