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
Sector
Industry (SIC)
Former names
Progreso Financiero Holdings, Inc.
SEC CIK
Corporate docs
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
News
Oportun Financial Q1 Adj. EPS $1.58 Beats $0.59 Estimate, Sales $215.00M Beat $194.08M Estimate
9 May 22
Earnings Scheduled For May 9, 2022
9 May 22
Stocks That Hit 52-Week Lows On Wednesday
27 Apr 22
Stocks That Hit 52-Week Lows On Friday
22 Apr 22
Benzinga's Top Ratings Upgrades, Downgrades For March 14, 2022
14 Mar 22
Press releases
Oportun Reports First Quarter 2022 Financial Results
9 May 22
Oportun to Report First Quarter 2022 Financial Results on Monday, May 9, 2022
19 Apr 22
Oportun Appoints Dorian Hare as Senior Vice President of Investor Relations
18 Apr 22
Oportun Sells $228 million of loans through Amortizing Asset-Backed Securitization
4 Apr 22
Oportun Reports Fourth Quarter 2021 Results
24 Feb 22
Analyst ratings and price targets
Investment data
Securities sold
Number of investors
Calendar
9 May 22
20 May 22
31 Dec 22
Financial summary
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Diluted EPS |
Annual (USD) | Dec 21 | Dec 20 | Dec 19 | |
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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 |
Recent insider trades
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 |
Institutional ownership, Q4 2021
83.7% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 100 |
Opened positions | 30 |
Closed positions | 11 |
Increased positions | 36 |
Reduced positions | 21 |
13F shares | Current |
---|---|
Total value | 555.86M |
Total shares | 27.48M |
Total puts | 0 |
Total calls | 0 |
Total put/call ratio | – |
Largest owners | Shares | Value |
---|---|---|
Institutional Venture Partners XIV | 3.41M | $69.03M |
Institutional Venture Management XIV | 3.41M | $69.03M |
Kayne Anderson Rudnick Investment Management | 3.34M | $67.7M |
Wellington Management | 2.58M | $52.33M |
BLK Blackrock | 2.25M | $45.57M |
Ashford Capital Management | 1.69M | $34.3M |
Greylock XII Limited Partnership | 1.48M | $30M |
Vanguard | 1.07M | $21.75M |
Madrone Partners | 932.96K | $18.89M |
Punch & Associates Investment Management | 836.02K | $16.93M |
Financial report summary
?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
?Positive | ||
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H.S. junior Good
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Financial reports
Current reports
8-K
Oportun Reports First Quarter 2022 Financial Results
9 May 22
8-K
Departure of Directors or Certain Officers
18 Apr 22
8-K
Entry into a Material Definitive Agreement
6 Apr 22
8-K/A
Consolidated Financial Statements
28 Feb 22
8-K
Oportun Reports Fourth Quarter 2021 Results
24 Feb 22
8-K
Entry into a Material Definitive Agreement
22 Dec 21
8-K
Other Events
10 Dec 21
8-K
Oportun announces definitive agreement to acquire Digit
16 Nov 21
8-K
Oportun Reports Third Quarter 2021 Financial Results
3 Nov 21
8-K
Oportun Completes $500 Million Asset-Backed Securitization
28 Oct 21
Registration and prospectus
S-8
Registration of securities for employees
1 Mar 22
D
$86.21M in equity, sold $86.21M, 58 investors
6 Jan 22
S-8
Registration of securities for employees
2 Jan 22
S-8
Registration of securities for employees
22 Feb 21
S-8
Registration of securities for employees
4 Mar 20
S-8
Registration of securities for employees
27 Sep 19
424B4
Prospectus supplement with pricing info
26 Sep 19
8-A12B
Registration of securities on exchange
16 Sep 19
S-1/A
IPO registration (amended)
23 Aug 19
Other
CT ORDER
Confidential treatment order
26 Sep 19
EFFECT
Notice of effectiveness
26 Sep 19
CERT
Certification of approval for exchange listing
23 Sep 19
CORRESP
Correspondence with SEC
22 Sep 19
CORRESP
Correspondence with SEC
22 Sep 19
UPLOAD
Letter from SEC
27 May 19
UPLOAD
Letter from SEC
31 Jan 19
UPLOAD
Letter from SEC
16 Oct 18
UPLOAD
Letter from SEC
1 Oct 18
UPLOAD
Letter from SEC
9 Aug 18
Ownership
3
Oportun Financial / Casey Mueller ownership change
19 Apr 22
4
Oportun Financial / R Neil Williams ownership change
4 Apr 22
4
Oportun Financial / Frederic Welts ownership change
4 Apr 22
4
Oportun Financial / DAVID N STROHM ownership change
4 Apr 22
4
Oportun Financial / CARL PASCARELLA ownership change
4 Apr 22
4
Oportun Financial / Ginny Lee ownership change
4 Apr 22
4
Oportun Financial / Raul Vazquez ownership change
29 Mar 22
4
Oportun Financial / Patrick Kirscht ownership change
29 Mar 22
4
Oportun Financial / JONATHAN AARON COBLENTZ ownership change
29 Mar 22
4
Oportun Financial / Matthew Wayne Jenkins ownership change
29 Mar 22
Transcripts
2022 Q1
Earnings call transcript
10 May 22
2021 Q4
Earnings call transcript
26 Feb 22
2021 Q3
Earnings call transcript
7 Nov 21
2021 Q2
Earnings call transcript
8 Aug 21
2021 Q1
Earnings call transcript
9 May 21
2020 Q4
Earnings call transcript
19 Feb 21
2020 Q3
Earnings call transcript
10 Nov 20
2020 Q2
Earnings call transcript
8 Aug 20
2020 Q1
Earnings call transcript
14 May 20
2019 Q4
Earnings call transcript
29 Feb 20
Reddit threads
Daily Discussion Thread - May 9th, 2022
9 May 22
Daily Discussion Thread - May 6th, 2022
6 May 22
Daily Discussion Thread - February 24th, 2022
24 Feb 22
Daily Discussion Thread - February 23rd, 2022
23 Feb 22
Daily Discussion Thread - February 22nd, 2022
22 Feb 22
Daily Discussion Thread - February 21st, 2022
21 Feb 22
Daily Discussion Thread - November 3rd, 2021
3 Nov 21
Daily Discussion Thread - November 2nd, 2021
2 Nov 21
Daily Discussion Thread - November 1st, 2021
1 Nov 21
Daily Discussion Thread - August 5th, 2021
5 Aug 21