Oportun Financial Corp
🔔 Watch stock
Assessment
Our Rating
A journalistic assessment by our editorial team at the time of the deep dive — it rates the company, not the entry point. Not investment advice and not a solicitation to buy or sell.
The business works in principle, but one material question is open. As long as it stays open, our findings do not carry a quality verdict.
Why this colour
Yellow here stands for an open operating question, not a threat to substance. Against red: stockholders' equity of $396.3 million at March 31, 2026 on total assets of $3.17 billion, $1.165 billion of available liquidity, all debt covenants met, no going-concern language and six consecutive profitable quarters. Against green, equally documented: the managed loan book has shrunk from $3.18 billion to $2.80 billion since 2023, the annualized charge-off rate climbed to 12.7 percent in the first quarter of 2026, only $2.3 million of profit survived that quarter, and a single corporate loan at 15 percent ties up annual interest on the scale of the entire 2025 net income. On top of that comes a product change with an open outcome: the 36 percent rate cap that defined the brand is due to fall in the second half of 2026. This grade judges the company, not the share price. The decision is yours.
What the thesis turns on
Assessment: Opportunities & Risks
Oportun Financial is not a bargain but a lender in transition whose most striking ratio measures something other than assumed. Of $389.1 million of free cash flow in 2025, roughly $63.6 million survives $325.5 million of charge-offs — a price-to-free-cash-flow ratio of 0.6 becomes about 4.0. The turnaround is real: the first profitable year since 2021, six consecutive profitable quarters, operating expenses down 11.8 percent, cost of debt down to 7.0 percent. Alongside it sit a loan book shrinking since 2023, a charge-off rate back up at 12.7 percent, a $165.0 million corporate loan at 15 percent and a leadership team that is new at three key posts. Not investment advice.
Core business
A genuine niche with documented customer satisfaction: consumer loans for households without a conventional credit history, a Net Promoter Score of 77, certified as a Community Development Financial Institution since 2009. Originations reached $1.96 billion in 2025, up 10.2 percent, and interest income was $893.2 million. Distribution runs through the app, the phone, 126 retail locations and 460 partner locations (as of March 31, 2026).
Turnaround
After three loss-making years, 2025 produced net income of $25.2 million (2024: −$78.7 million), or $0.53 per diluted share after −$1.95. Operating expenses fell 11.8 percent to $361.8 million and cost of debt moved from 8.4 to 8.2 percent and on to 7.0 percent in the first quarter of 2026. It was the sixth consecutive profitable quarter.
Credit quality
The annualized net charge-off rate rose to 12.7 percent in the first quarter of 2026 from 12.2 percent a year earlier; in 2021 it was 6.8 percent. In dollars, $325.5 million of loans were charged off in 2025. Of the 2022 vintage, 21.9 percent of disbursed principal was permanently lost as of December 31, 2025. Full-year guidance of 11.9 percent requires improvement over the current run rate.
Growth
The managed loan book has been shrinking since 2023: $3.18 billion (December 31, 2023), $2.97 billion (2024), $2.91 billion (2025) and $2.80 billion at March 31, 2026. Originations fell 11.2 percent to $416.9 million in the first quarter of 2026 and revenue fell 3.0 percent to $228.8 million. Net income came to $2.3 million against $9.8 million a year earlier.
Funding and dilution
Liquidity is ample at $1.165 billion available, and all debt covenants were met as of December 31, 2025. Against that stands a corporate loan of $165.0 million principal at 15.00 percent (due November 14, 2028), whose annual interest is on the scale of 2025 net income. The share count rose through exercised one-cent warrants from 36.1 million (December 31, 2024) to 45.7 million (May 4, 2026), with 2,682,788 warrants still outstanding.
Leadership and ownership
Three key posts changed within months: Doug Bland became chief executive on April 20, 2026, the chief credit officer left on June 15, 2026, a new chief risk officer started on June 17, 2026, and the chief financial officer role is held on an interim basis. Add two standstill agreements with activist shareholders within twelve months (Findell Capital July 14, 2025, Bradley L. Radoff June 22, 2026); two more directors retire by the annual meeting on August 11, 2026.
Hook and data basis
Rank 13 among the 25 listed U.S. hits in our in-house price-to-free-cash-flow ranking at a ratio of 0.6 (as of July 26, 2026, 544 hits in the full ranking). The underlying free cash flow is arithmetically correct but measures gross margin rather than surplus at a lender: originations sit in investing activities and charge-offs are non-cash fair value adjustments. Deducting the 2025 charge-offs produces a ratio of roughly 4.0. The Altman Z-score, enterprise value and price-to-sales are meaningless here.
Worth Noting
Hook and source: rank 13 among the 25 listed U.S. hits in our in-house price-to-free-cash-flow ranking, measured live on July 26, 2026 (544 hits in the full ranking). The scanner lists are recomputed daily, so the placement is a snapshot.
Why free cash flow reads differently at a lender: originating loans for the company's own book is recorded in investing activities, not in operations — $1.76 billion flowed out there in 2025 against $1.42 billion of principal repayments coming back. At the same time, charge-offs never reduce operating cash flow because the loan book is carried at fair value and the losses are added back as a non-cash adjustment ($325.5 million in 2025). In the first quarter of 2026, investing activities were even positive at $8.0 million — because $332.8 million of repayments met only $318.1 million of new originations.
Lenders require their own metrics. The Altman Z-score our overviews report for industrial companies is meaningless here, and so are enterprise value and the price-to-sales ratio. What matters is the net charge-off rate, portfolio yield, cost of debt, managed principal balance, delinquency rate and equity ratio.
Data basis and checks: the most recent periodic report is the Form 10-Q for the quarter ended March 31, 2026 (filed May 8, 2026). Every filing after it was reviewed — Forms 8-K of May 7, June 18, June 24 and July 7, 2026, the Form S-8 of June 5, 2026, the DEF 14A of June 29, 2026 and beneficial ownership filings through July 23, 2026. No merger prospectus (S-4), merger proxy (DEFM14A), Rule 425 communication or tender offer appears anywhere.
Name history and possible confusion: the SEC registrant name is "Oportun Financial Corp"; until September 2013 the company was named "Progreso Financiero Holdings, Inc." The credit card portfolio was sold on November 12, 2024, so figures from 2025 onward are not directly comparable with earlier years.
Stock Watch
This analysis is as of August 26, 2026. Stock Watch will tell you what's changed at OPRT since then.
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Price history
Chart
Interactive price chart (TradingView).
52-week range: 4.10 $ to 8.10 $ · Last price: 8.10 $ (As of: September 17, 2026)
Key figures
Key figures at a glance
Every figure we hold for this stock, grouped by topic. The question mark next to a label explains what the number means.
Basics
Performance
Technical Indicators
Calculated from the price history · as of 09/18/2026
Valuation
Profitability
Balance Sheet & Safety
Growth
Dividend
This stock currently pays no dividend.
Quality & Screener
Comparison
Industry comparison
The stock alongside the largest companies in the same group. The median row is the middle value of the companies shown above — not of the whole industry.
Industry: Credit Services
| Company | Market cap ($B) | P/E | EV/EBITDA | Gross Margin % | EBIT Margin % | Sales Growth (Year) % | Perf. 1Y % |
|---|---|---|---|---|---|---|---|
| Oportun Financial Corp OPRT | 0.4 | – | 0.0 | 95.2 | – | 19.5 | 18.4 |
| Visa Inc. Class A V | 699.4 | 33.2 | 24.3 | 97.7 | 67.4 | 11.3 | 7.7 |
| Mastercard Inc MA | 500.7 | 33.9 | 23.1 | 100.0 | 60.8 | 16.4 | -4.9 |
| American Express Company AXP | 213.1 | 19.5 | 0.0 | 62.3 | 21.3 | 8.4 | -6.4 |
| Capital One Financial Corporation COF | 124.4 | 62.2 | 0.0 | 100.0 | 28.6 | 28.4 | -9.1 |
| PayPal Holdings Inc PYPL | 45.7 | 10.1 | 6.6 | 40.5 | 17.0 | 4.3 | -20.3 |
| Synchrony Financial SYF | 25.3 | 7.7 | 0.0 | 100.0 | 48.0 | -7.9 | 2.1 |
| Affirm Holdings Inc AFRM | 23.7 | 63.7 | 25.7 | 48.9 | 8.5 | 38.8 | -22.3 |
| SoFi Technologies Inc. SOFI | 21.0 | 35.7 | 0.0 | 83.7 | 18.3 | 82.6 | -38.4 |
| Median of companies shown | 45.7 | 33.5 | 0.0 | 95.2 | 24.9 | 16.4 | -6.4 |
Based on the most recently reported figures. Only stocks from the same trading venue are lined up, so the market caps are counted in one currency. Compare in a chart →
Fiscal years
Annual Figures
Fiscal years from the audited annual reports, oldest first. EBIT is the operating profit before interest and taxes; total assets are everything the company owns.
Revenue, operating income and net income per fiscal year $M
Revenue Operating income Net income
| Fiscal Year | Revenue ($M) | EBIT ($M) | Net Income ($M) | EPS ($) | Operating Cash Flow ($M) | Equity ($M) | Total Assets ($M) |
|---|---|---|---|---|---|---|---|
| 2016 | 278 | 16 | 51 | 2.20 | 114 | 224 | 958 |
| 2017 | 361 | 2 | -10 | -0.46 | 139 | 217 | 1,215 |
| 2018 | 520 | 170 | 123 | 5.59 | 138 | 347 | 1,740 |
| 2019 | 503 | 84 | 62 | 5.72 | 218 | 489 | 2,202 |
| 2020 | 393 | -58 | -45 | -1.65 | 153 | 467 | 2,009 |
| 2021 | 578 | 63 | 47 | 1.56 | 163 | 604 | 2,947 |
| 2022 | 734 | -75 | -78 | -2.37 | 248 | 548 | 3,614 |
| 2023 | 460 | -254 | -180 | -4.88 | 393 | 404 | 3,412 |
| 2024 | 533 | -115 | -79 | -1.95 | 394 | 354 | 3,227 |
| 2025 | 637 | 44 | 25 | 0.53 | 413 | 390 | 3,258 |
Quarters
Quarterly Figures
Each bar is one quarter, the last one is the most recent. Use the switch to step through the individual figures.
Revenue & Profit
Cash Flow
Balance Sheet
Margins
Per Share
Click the chart or tab into it, then use ← and → to step through the periods.
None of the selected stocks reports this metric. Pick another metric or switch between annual and quarterly.
· Total · per year
These companies report in different currencies — switch on “Indexed” or pick a margin for a fair comparison.
The figures could not be loaded right now.
Source: fundamental data
| Quarter | EPS (Earnings Per Share) | EPS YoY (%) | Sales ($M) | Sales YoY (%) | Net Margin (%) | OCF ($M) | FCF ($M) |
|---|---|---|---|---|---|---|---|
| 2024: Q4 | 0.19 | – | 167 | 34.60 | 5.20 | 91 | 85 |
| 2025: Q1 | 0.21 | – | 163 | 22.20 | 6.00 | 101 | 95 |
| 2025: Q2 | 0.15 | – | 164 | 43.60 | 4.20 | 105 | 110 |
| 2025: Q3 | 0.11 | – | 162 | 36.60 | 3.20 | 99 | 93 |
| 2025: Q4 | 0.07 | -61.00 | 148 | -11.20 | 2.30 | 109 | 103 |
| 2026: Q1 | 0.05 | -75.40 | 143 | -12.50 | 1.70 | 104 | 97 |
| 2026: Q2 | 0.17 | 13.30 | 233 | 42.10 | 3.60 | 109 | 109 |
What Do These Terms Mean?
- EPS (Earnings Per Share):
- Quarterly profit divided by the total share count — how much of the profit works out to a single share.
- YoY (Year over Year):
- Change versus the same quarter a year ago — this is how you compare without seasonal distortion (e.g. the holiday shopping season).
- Sales:
- All revenue for the quarter, before any costs are deducted — the top line of the income statement.
- Net Margin:
- What percentage of sales is left over as profit in the end. Negative means the company is posting a loss.
- OCF (Operating Cash Flow):
- The cash that actually flows into the till from the core business during the quarter — harder to dress up than book profit.
- FCF (Free Cash Flow):
- Operating cash flow minus capital expenditures — the money that's genuinely free to use, say for paying down debt, buybacks, or dividends.
Screening
Appears in These Scanners
This stock currently matches 7 of our scanner strategies — each hit links to the scanner.
Quality & Balance Sheet
Breakout & Setup
Momentum & Trend
Research
Only genuine hits from verified scanners count; pure ranking metrics (P/E, P/S, and similar, which just sort the whole universe) don't count as a hit. View all scanners
Outlook
Analysts & Price Target
Combined picture of the price targets and recommendations of every analyst covering the stock. Price targets are expectations for the next 12 months, not promises — and they often follow the price rather than predict it.
Distribution of Recommendations
Estimates by Fiscal Year
| Fiscal Year | EPS Estimate ($) | EPS Range ($) | Revenue Estimate ($M) | Expected Growth | Analysts |
|---|---|---|---|---|---|
| 12/31/2026 | 1.58 | 1.52 – 1.62 | 947 | 16.1% | 6 |
| 12/31/2027 | 1.98 | 1.78 – 2.15 | 997 | 25.5% | 6 |
Average of the analyst estimates for the coming fiscal years. The range shows how far the most optimistic and the most cautious estimate sit apart — the wider it is, the less certain the expectation.
Valuation
What is priced in?
Instead of guessing what the stock is worth, we turn the question around: what free cash flow growth has to happen for today’s market value to add up? The assumptions behind it can be moved.
With these assumptions (discount rate 10.0%, terminal growth 2.5%), no growth rate between -20.0% and 60.0% per year explains today’s market value — the reverse calculation yields no meaningful figure here.
| Free cash flow (last twelve months) | $408.6M |
|---|---|
| Market cap | $369.0M |
| Free cash flow in year ten | – |
| Terminal value as a share of market value | – |
For comparison: over the past five years free cash flow grew by 24.3% per year.
It shows which assumption is built into today’s price, not whether that assumption will hold. Every assumption can be changed with the sliders; the figures move with them.
A simplified model calculation — not a forecast and not a recommendation.
AI classification
AI Rating
Oportun setzt maschinelles Lernen operativ in Kreditwuerdigkeitspruefung, Preisfindung, Marketing, Betrugsabwehr und Servicing sowie im Sparprodukt Set & Save ein, verkauft aber selbst keine KI-Leistungen und nennt KI nicht als Bedrohung des eigenen Geschaeftsmodells.
View the full file — quotes, sources, reviewed filings
„Since our inception, we have utilized alternative data sets to rapidly build, test and develop our underwriting, pricing, marketing, fraud and servicing models; and with Set & Save, we offer machine learning capabilities that help members identify the right amount of money to put towards savings each day."
Seit unserer Gruendung nutzen wir alternative Datensaetze, um unsere Modelle fuer Kreditpruefung, Preisfindung, Marketing, Betrugsabwehr und Servicing rasch aufzubauen, zu testen und weiterzuentwickeln; mit Set & Save bieten wir Faehigkeiten des maschinellen Lernens an, die Mitgliedern helfen, den richtigen Sparbetrag pro Tag zu bestimmen.
10-K · 2026-02-27 · View SEC filing
„We leverage machine learning to rapidly build and test strategies across the member lifecycle, including through targeted digital marketing, underwriting, pricing, fraud and member servicing."
Wir setzen maschinelles Lernen ein, um Strategien ueber den gesamten Mitglieder-Lebenszyklus hinweg rasch aufzubauen und zu testen, unter anderem in zielgerichtetem digitalem Marketing, in der Kreditpruefung, der Preisfindung, der Betrugsabwehr und der Mitgliederbetreuung.
10-K · 2026-02-27 · View SEC filing
„These models are built using forms of A.I., such as machine learning; however, the credit models do not use generative A.I., and once approved and implemented, remain static."
Diese Modelle werden mit Formen der kuenstlichen Intelligenz gebaut, etwa mit maschinellem Lernen; die Kreditmodelle verwenden jedoch keine generative KI und bleiben nach Freigabe und Einfuehrung unveraendert.
10-Q · 2026-05-08 · View SEC filing
Filings Reviewed: 10-Q 2026-05-08 · 10-K 2026-02-27 · 10-Q 2025-11-05 · 10-Q 2025-08-07 · 10-Q 2025-05-09 · 10-K 2025-02-20
Rated on July 26, 2026 · How the Rating Is Built
Growth
Growth Score
Ten checks against the annual reports — each one passed counts a point.
- Revenue grows by more than 15% a year over three years -4.6%
- More than 10% revenue growth is expected for the coming year 4.8%
- Share count grows by less than 3% a year 13.4%
- Revenue growth plus cash-flow margin add up to at least 40 ("Rule of 40") 80.5%
- Gross margin at 40% or higher and without meaningful erosion 63.7%
- Goodwill from acquisitions does not grow faster than revenue 0.0%
- Net debt below twice EBITDA 31.7 x EBITDA
- Operating cash flow covers the profits of the last three years 1,433 m
- Return on capital at 15% or higher, or up versus two years ago 1.4%
- Insiders hold at least 10% or are net buyers 5.9%
A criterion without figures counts neither as passed nor as failed; a score is only produced from 7 judgeable criteria upwards. Source: fundamental data. All ten criteria in detail
Quality check
AAQS
5/10The AAQS (AlleAktien Quality Score) checks 10 quality criteria on growth, profitability, and balance-sheet strength — per the methodology developed and published by AlleAktien, calculated by us from our own fundamental data. A stock counts as a quality stock from 9 out of 10 points. Where a company has a shorter listing history, we calculate over the fiscal years available (at least five).
- Sales growth 10Y > 5% 9.7%
- Exp. sales growth 3Y > 5% 25.1%
- EBIT growth 10Y > 5% 11.9%
- Exp. EBIT growth 3Y > 5% 93.7%
- Net debt < 4x EBIT 61.4x
- EBIT positive, 10Y straight 6
- Max. EBIT decline < 50% 100.0%
- Return on equity > 15% 7.9%
- ROCE > 15% 1.4%
- Expected return > 10% 298.0%
View stocks with the full AAQS score · Read the methodology at AlleAktien
Source: fundamental data
Insiders
Insider Transactions
Reportable transactions by officers and major shareholders from SEC Form 4 filings. "Other" includes things like stock grants and option exercises without a buy/sell character.
| Date | Person | Role | Type | Shares | Price | Value |
|---|---|---|---|---|---|---|
| Sep 11, 2026 | Schueller Joseph Andrew | SVP-Controller, CAO | Sell | 28 | 7.80 | 218 |
| Sep 10, 2026 | Schueller Joseph Andrew | SVP-Controller, CAO | Sell | 2,831 | 7.80 | 22,082 |
| Sep 10, 2026 | Layton Kathleen I. | Chief Legal Officer | Sell | 4,223 | 7.80 | 32,939 |
| Sep 10, 2026 | Rowles Sean A | Chief Risk Officer | Other | 382,653 | – | – |
| Aug 19, 2026 | Scheirman Scott | Director | Other | 20,869 | – | – |
| Aug 11, 2026 | Miramontes Louis | Director | Other | 25,042 | – | – |
| Aug 11, 2026 | Wilcox Warren | Director | Other | 20,869 | – | – |
| Aug 11, 2026 | Minetti Carlos | Director | Other | 20,869 | – | – |
| Aug 11, 2026 | Daswani Mohit | Director | Other | 20,869 | – | – |
| Aug 11, 2026 | Lee Ginny | Director | Other | 20,869 | – | – |
The company
About the Company
Oportun Financial Corporation bietet Finanzdienstleistungen in den USA an. Das Unternehmen bietet Privatkredite und Kreditkarten an.
- Employees
- 2,405
- Headquarters
- San Mateo, CA
- Address
- 1825 South Grant Street, 94402 San Mateo, United States
- Phone
- 650 810 8823
- Website
- oportun.com
- IPO Date
- 09/26/2019
- ISIN
- US68376D1046
Management
| Name | Title | Birth Year |
|---|---|---|
| Kathleen I. Layton | Chief Legal Officer & Corporate Secretary | 1980 |
| Douglas Bland | CEO & Director | 1968 |
| Joseph A. Schueller | Senior VP of Finance, Controller and Principal Financial Officer & Principal Accounting Officer | 1977 |
| Ryan Helwig | Chief Operating Officer | – |
| Deepak Rao | Chief Technology Officer | – |
| Dorian Hare | Senior Vice President of Investor Relations | – |
| Ezra C. Garrett | Senior Vice President of Public Affairs & Impact | – |
| Gonzalo Palacio | Chief Marketing Officer | – |
| Gaurav Rana | Senior VP & GM of Lending | 1981 |
| Paul Appleton | Treasurer & Head of Capital Markets | – |
Executives per the latest required filings; titles kept in their original language. Source: fundamental data.
Filings
Company Filings (8-K)
An 8-K is the filing a US company must use to disclose material events immediately — takeovers, changes at the top, major contracts or payment troubles, for instance. The links open the original document at the US Securities and Exchange Commission (SEC).
- 09/11/2026 Oportun Financial Corp (OPRT): Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers; Other Events; Financial Statements and Exhibits SEC ↗
- 08/25/2026 Oportun Financial Corp (OPRT): Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers; Financial Statements and Exhibits SEC ↗
- 08/13/2026 Oportun Financial Corp (OPRT): Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers; Submission of Matters to a Vote of Security Holders; Financial Statements and Exhibits SEC ↗
- 08/05/2026 Oportun Financial Corp (OPRT): Results of Operations and Financial Condition; Financial Statements and Exhibits SEC ↗
- 07/07/2026 Oportun Financial Corp (OPRT): Entry into a Material Definitive Agreement SEC ↗
Data as of: September 17, 2026 · Source: fundamental data & SEC filings (annual and quarterly reports, 10-K/10-Q)
Note: pure fact-based analysis, not investment advice and not a solicitation to buy or sell. All figures without guarantee.