Oportun Financial Corp (OPRT)
🔔 Watch stock
symbol.quality_heading
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.
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.
symbol.quality_note
On July 26, 2026, our in-house stock scanner placed Oportun Financial 13th among the listed U.S. hits in the price-to-free-cash-flow ranking, at a ratio of 0.6. The arithmetic is right. It simply measures something other than what its name suggests when the company is a consumer lender. In 2025, $413.4 million of operating cash came in — and in the same year $325.5 million of loans were charged off without ever touching that inflow. Add a loan book that has been shrinking for years, a charge-off rate that is climbing again, a corporate loan at 15 percent interest and a leadership team replaced almost wholesale in 2026. At a lender, free cash flow is borrowed time: it has to go back into the loan book, or the business shrinks.
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Stock Watch
This analysis is as of July 26, 2026. Stock Watch will tell you what's changed at OPRT since then.
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Trading Day
Key levels of the most recently completed trading day — not a live quote.
52-Week Range
Current price 5.50 $ — 47% of the range above the low.
Lowest and highest closing price over the last 52 weeks. The marker shows where the current price sits within that range: close to the high speaks for strength, close to the low for weakness.
Basics
Performance
Technical Indicators
Calculated from the price history · as of 08/03/2026
Valuation
Profitability
Balance Sheet & Safety
Growth
Dividend
This stock currently pays no dividend.
Quality & Screener
AI Rating
Uses AIOportun 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.
„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.
„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.
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
Analysts & Price Target
The price target sits 54.5% above the current price.
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.
Next Reporting Date
- Expected Earnings per Share
- 0.23 $
Expected date of the next quarterly or annual figures. Dates do shift occasionally — only the invitation issued by the company is binding.
Revenue & Profit
Cash Flow
Balance Sheet
Margins
Per Share
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Source: fundamental data
Quarterly Figures
| 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 |
- 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.
Assessment: Opportunities & Risks
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).
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.
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.
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.
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.
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.
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.
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.
- 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.
About the Company
Oportun Financial Corporation bietet Finanzdienstleistungen in den USA an. Das Unternehmen bietet Privatkredite und Kreditkarten an.
| Employees | 1,783 |
|---|---|
| Headquarters | San Mateo, CA |
| Website | oportun.com |
| IPO Date | 26. Sep 2019 |
Management
| Name | Title | Birth Year |
|---|---|---|
| Kathleen I. Layton | Chief Legal Officer & Corporate Secretary | 1980 |
| Raul Vazquez | Advisor | 1972 |
| Patrick Kirscht | Non-Employee Advisor | 1968 |
| Douglas Bland | CEO & Director | 1968 |
| Joseph A. Schueller | Principal Financial Officer & Principal Accounting Officer | 1978 |
| 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 | – |
Executives per the latest required filings; titles kept in their original language. Source: fundamental data.
Chart
Interactive price chart (TradingView).
Data as of: July 31, 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.