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Oportun Financial (OPRT)

Oportun Financial Corp. is a financial services company that leverages its digital platform to provide responsible consumer credit to hardworking people. Using A.I.-driven models that are built on 15 years of proprietary customer insights and billions of unique data points, Oportun has extended more than $9.8 billion in affordable credit, providing its customers with alternatives to payday and auto title loans. In recognition of its responsibly designed products which help consumers build their credit history, Oportun has been certified as a Community Development Financial Institution (CDFI) since 2009. The Company recently applied for a national bank charter to expand its services and make its products available in all 50 states.

Company profile

Ticker
OPRT
Exchange
Website
CEO
Raul Vazquez
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Former names
Progreso Financiero Holdings, Inc.
SEC CIK
Subsidiaries
Digit Advisors, LLC • Hello Digit, LLC • Oportun CCW Depositor, LLC • Oportun Depositor, LLC • Oportun Funding V, LLC • Oportun Funding XIII, LLC • Oportun Funding XIV, LLC • Oportun Global Holdings, Inc. • Oportun PLW Depositor, LLC • Oportun Receivables Holdings, LLC ...
IRS number
453361983

OPRT stock data

Analyst ratings and price targets

Last 3 months

Investment data

Data from SEC filings
Securities sold
Number of investors

Calendar

9 May 22
20 May 22
31 Dec 22
Quarter (USD) Mar 22 Dec 21 Sep 21 Jun 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD) Dec 21 Dec 20 Dec 19
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Cash burn rate (est.) Burn method: Change in cash Burn method: Operating income Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 170.56M 170.56M 170.56M 170.56M 170.56M 170.56M
Cash burn (monthly) 7.47M 1.05M (no burn) (no burn) (no burn) (no burn)
Cash used (since last report) 12.39M 1.74M n/a n/a n/a n/a
Cash remaining 158.17M 168.81M n/a n/a n/a n/a
Runway (months of cash) 21.2 160.5 n/a n/a n/a n/a

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
31 Mar 22 Ginny Lee Common Stock Grant Acquire A No No 0 958 0 4,929
31 Mar 22 Pascarella Carl Common Stock Grant Acquire A No No 0 1,479 0 155,793
31 Mar 22 Strohm David N Common Stock Grant Acquire A No No 0 1,043 0 27,628
31 Mar 22 Welts Frederic Common Stock Grant Acquire A No No 0 998 0 4,969
83.7% owned by funds/institutions
13F holders Current Prev Q Change
Total holders 100 81 +23.5%
Opened positions 30 9 +233.3%
Closed positions 11 5 +120.0%
Increased positions 36 29 +24.1%
Reduced positions 21 22 -4.5%
13F shares Current Prev Q Change
Total value 555.86M 601.82M -7.6%
Total shares 27.48M 25.05M +9.7%
Total puts 0 0
Total calls 0 47 EXIT
Total put/call ratio
Largest owners Shares Value Change
Institutional Venture Partners XIV 3.41M $69.03M NEW
Institutional Venture Management XIV 3.41M $69.03M 0.0%
Kayne Anderson Rudnick Investment Management 3.34M $67.7M -0.0%
Wellington Management 2.58M $52.33M +16.1%
BLK Blackrock 2.25M $45.57M -17.7%
Ashford Capital Management 1.69M $34.3M +16.8%
Greylock XII Limited Partnership 1.48M $30M -48.6%
Vanguard 1.07M $21.75M +2.5%
Madrone Partners 932.96K $18.89M -39.4%
Punch & Associates Investment Management 836.02K $16.93M +1.2%
Largest transactions Shares Bought/sold Change
Institutional Venture Partners XIV 3.41M +3.41M NEW
Greylock XII Limited Partnership 1.48M -1.4M -48.6%
Madrone Partners 932.96K -607.39K -39.4%
GLYNN Capital Management 588.23K -598.22K -50.4%
Ribbit Capital GP III 586.51K +586.51K NEW
BLK Blackrock 2.25M -485.62K -17.7%
EJF Capital 0 -398.85K EXIT
Wellington Management 2.58M +358.52K +16.1%
Hillsdale Investment Management 248.1K +248.1K NEW
Ashford Capital Management 1.69M +243.87K +16.8%

Financial report summary

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Management Discussion
  • Interest income. Total interest income increased by $65.0 million, or 51.1%, from $127.2 million for the three months ended March 31, 2021 to $192.2 million for the three months ended March 31, 2022. The increase is primarily attributable to growth in our Average Daily Principal Balance from $1.6 billion for the three months ended March 31, 2021 to $2.4 billion for the three months ended March 31, 2022, an increase of 48.5%. The increase is due to growth in our portfolio as a result of higher application volume due to increased demand and due to first quarter 2021 originations being depressed as a result of the COVID-19 pandemic. Interest income was also favorably impacted by an increase in portfolio yield of 55 basis points in the three months ended March 31, 2022 compared to the three months ended March 31, 2021 due to growth in originations to new members who generally receive higher APRs than returning members.

Content analysis

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Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
H.S. junior Good
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