Oportun Financial (OPRT) 30+ Day Delinquency Rate

Measures the share of loans more than 30 days past due and serves as an early warning on credit quality. Rising delinquency often precedes higher charge-offs, weaker earnings, and may require tighter underwriting or increased reserves.

Delinquencies peaked in 2022–2023 and have meaningfully trended lower through 2025, a sign that tighter underwriting, a shift toward returning members and faster growth in secured personal loans are cutting loss rates. Management’s guidance frames Q1 2026 as the near-term charge‑off peak with improvement after, supporting better ROE and margin recovery. Still, delinquencies remain elevated versus pre‑stress levels, so near‑term charge‑off prints, originations momentum, and execution on risk‑based pricing will determine whether gains hold or reverse.