| Metric | Value ($ M) | Q1 FY26 | Q2 FY25 |
|---|---|---|---|
| Revenue | 5.16 | 13.4% | 6.6% |
| Total Income | 5.16 | 13.4% | 6.6% |
| Expenditure | -10.46 | 1156.6% | 98.5% |
| PBT | 15.62 | 338.8% | 54.5% |
| Net Profit | 8.54 | 263.4% | 24.1% |
| OPM | — | ||
| NPM | 100.00% | 48.48pp | 0.00pp |
| EPS | 0.18 | 260.0% | 20.0% |
Oportun Reports Q2 2026 Results: GAAP Net Income Up 24%, Adjusted EBITDA Up 56%
06 Aug 2026 · 6 Aug, 1:54 am
Summary
Oportun Financial Corporation reported second quarter 2026 results with strong year-over-year growth in profitability metrics. GAAP net income rose 24% to $9 million and Adjusted EBITDA surged 56% to $49 million, driven by lower interest expense and operating costs. The company also saw improvements in its delinquency rates, reaching a multi-quarter low. Management expressed confidence in continued credit performance improvement and raised full-year Adjusted EBITDA guidance.
Key Highlights
- 1
GAAP net income for the second quarter was $9 million, representing a 24% increase year-over-year.
- 2
Adjusted EBITDA reached $49 million, a significant 56% increase compared to the prior-year quarter.
- 3
GAAP EPS grew 21% year-over-year to $0.17, while Adjusted EPS increased by 35% to $0.42.
- 4
The 30-plus day delinquency rate improved to 4.0%, the lowest level observed since the fourth quarter of 2021.
- 5
Total revenue for the second quarter was $233 million, substantially flat compared to $234 million in the prior-year quarter.
- 6
The Net Interest Margin Ratio increased by 274 basis points to 29.0% in the second quarter.
- 7
Oportun is raising its full-year Adjusted EBITDA expectation by 6% at the midpoint.
Management Comments
Doug Bland
I'm pleased with our 2Q results. Disciplined execution, including a return to originations growth, a lower cost of capital and continued expense discipline, enabled us to deliver another quarter of GAAP profitability while outperforming the top end of our guidance ranges for both total revenue and Adjusted EBITDA. Our annualized net charge-off rate also outperformed our guidance range and our 30-plus day delinquency rate, our lowest since 4Q21, reinforces our confidence that credit performance will continue improving during the second half of the year. Having crossed 100 days into my tenure as CEO, I’ve completed a comprehensive assessment of the business that reinforced a clear conclusion: Oportun has a differentiated platform, a trusted brand, and a mission to empower members to build a better future that is more important than ever. Appointing Sean Rowles as Chief Risk Officer in June and successfully launching our risk-based pricing initiative in July were key milestones in our path towards durable, sustainable growth. We have turned the page in Oportun's story and begun writing the next chapter: one focused on accelerating our execution of the mission that has guided this company since its founding. Given our second quarter performance and our outlook for the balance of the year, we are improving our annualized net charge-off range expectation by 20 basis points, and raising our full year Adjusted EBITDA range expectation by 6% at their respective midpoints.
Informational and educational content only. Not investment advice.