| Metric | Value ($ M) | Q1 FY25 |
|---|---|---|
| Revenue | 4.55 | 9.7% |
| Total Income | 4.55 | 9.7% |
| Expenditure | 0.99 | 112.2% |
| PBT | 3.56 | 73.0% |
| Net Profit | 2.35 | 76.0% |
| OPM | — | |
| NPM | 51.52% | 48.48pp |
| EPS | 0.05 | 76.2% |
Oportun Reports Q1 2026 Results; Extends GAAP Profitability Streak
08 May 2026 · 8 May, 2:04 am
Summary
Oportun Financial Corporation reported its first quarter 2026 financial results, showing a revenue decrease of 3% to $229 million compared to the prior year. Net income decreased to $2.3 million from $10 million in the same quarter of the previous year. The company's CEO, Doug Bland, expressed encouragement with the team's execution and progress in strengthening the company's foundation, including continued GAAP profitability and improved liquidity. Oportun is reiterating its full year 2026 guidance, with expectations to ramp originations while maintaining credit discipline.
Key Highlights
- 1
Oportun reported total revenue of $229 million for the first quarter of 2026, a decrease of 3% compared to the prior-year quarter.
- 2
Net income for the first quarter was $2.3 million, compared to $10 million in the first quarter of 2025.
- 3
Diluted earnings per share (EPS) were $0.05 for the first quarter, compared to $0.21 in the prior-year quarter.
- 4
Adjusted EBITDA for the first quarter was $29 million, down from $34 million in the prior-year quarter.
- 5
Aggregate originations for the first quarter were $417 million, an 11% decrease compared to $469 million in the prior-year quarter.
- 6
The company's 30+ Day Delinquency Rate was 4.5% at the end of the quarter, compared to 4.7% at the end of the prior-year quarter.
- 7
Oportun reiterates its full-year 2026 Adjusted EPS guidance of $1.50 to $1.65, reflecting 16% year-over-year growth at the midpoint.
Management Comments
Doug Bland
"Having joined Oportun last month, I’m encouraged by the team’s disciplined execution in the first quarter. The business has made meaningful progress strengthening its foundation, including continued GAAP profitability, lower funding costs and improved liquidity. At the same time, it is clear there is more work ahead to improve through-cycle credit performance and rebuild durable, profitable growth. Based on my review to date, we are reiterating our full year 2026 guidance."
Paul Appleton
“We expect to ramp originations from first quarter levels through the remainder of the year while maintaining credit discipline and reducing our loss rates. We are also advancing our risk-based pricing initiative, which we expect to launch in the second half of the year, expanding access to customers we are not able to serve today. I am pleased that our full year 2026 Adjusted EPS guidance of $1.50 to $1.65 continues to reflect 16% year-over-year growth at the midpoint.”
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