Quarterly ResultMay 8, 2026, 07:22 AM
Oportun Financial Q1 Net Income $2.35M, EPS $0.05; Revenue Down 3%
AI Summary
Oportun Financial reported a significant decline in its first-quarter 2026 financial results, with net income falling to $2.35 million and diluted earnings per share to $0.05. Total revenue decreased by 3% to $228.76 million, while net revenue saw a larger drop of 10.3%. Despite the decline in profitability, the company generated $103.73 million in net cash from operating activities and managed its debt by issuing $485 million in new asset-backed notes and redeeming $453.8 million in existing notes.
Key Highlights
- Net income for Q1 2026 decreased 76% to $2.35 million from $9.77 million in Q1 2025.
- Diluted earnings per share for Q1 2026 was $0.05, down from $0.21 in the prior year period.
- Total revenue for the quarter declined 3% to $228.76 million compared to $235.90 million in Q1 2025.
- Net revenue decreased 10.3% to $94.89 million in Q1 2026 from $105.83 million in Q1 2025.
- The company issued $485.0 million of series 2026-A asset-backed notes on February 9, 2026.
- Oportun redeemed $425.1 million of 2025-A asset-backed notes and $28.7 million of 2024-1 notes.
- Net cash provided by operating activities increased 2.7% to $103.73 million.
- Loans receivable at fair value decreased to $2.77 billion as of March 31, 2026.
Price Impact
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