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

NASDAQ

Website

oportun.com

CEO

Raul Vazquez

Incorporated

Delaware

Location

California

Fiscal year end

Dec 31

Sector

Finance and Insurance > Credit Card Issuing

Industry (SIC)

Finance Services

American Express • Synchrony Financial • General Motors Financial • loanDepot • SoFi • Coinbase Global • Burford Capital Limited • Qudian • LexinFintech • Velocity Financial ...

Former names

Progreso Financiero Holdings, Inc.

SEC CIK

0001538716

Corporate docs

Articles of Incorporation & Bylaws

Underwriting Agreements

Plans of Reorganization

Indentures

Material Contracts & Credit Agreements

Subsidiaries Lists

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

1M 1Y 5Y

News

From Benzinga Pro

Oportun Financial Q1 Adj. EPS $1.58 Beats $0.59 Estimate, Sales $215.00M Beat $194.08M Estimate

9 May 22

Oportun Financial (NASDAQ:OPRT) reported quarterly earnings of $1.58 per share which beat the analyst consensus estimate of $0.59 by 167.8 percent. This is a 285.37 percent increase over earnings of $0.41 per share from

Earnings Scheduled For May 9, 2022

9 May 22

Companies Reporting Before The Bell • Atlantica Sustainable (NASDAQ:AY) is likely to report quarterly loss at $0.08 per share on revenue of $277.90 million.

Stocks That Hit 52-Week Lows On Wednesday

27 Apr 22

Wednesday's session saw 784 companies set new 52-week lows.

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

From Benzinga Pro

Oportun Reports First Quarter 2022 Financial Results

9 May 22

Aggregate originations growth of 139% year-over-year Total revenue growth of 59% year-over-year Record Diluted and Adjusted EPS of $1.37 and $1.58, respectively Raising full-year 2022 guidance SAN CARLOS, Calif., May

Oportun to Report First Quarter 2022 Financial Results on Monday, May 9, 2022

19 Apr 22

SAN CARLOS, Calif., April 19, 2022 (GLOBE NEWSWIRE) -- Oportun (NASDAQ:OPRT), a mission-driven fintech and digital banking platform, will release financial results for its first quarter 2022 on Monday, May 9, 2022,

Oportun Appoints Dorian Hare as Senior Vice President of Investor Relations

18 Apr 22

SAN CARLOS, Calif., April 18, 2022 (GLOBE NEWSWIRE) -- Oportun (NASDAQ:OPRT), a mission-driven fintech and digital banking platform, today announced that Dorian Hare has joined the company as its SVP of Investor

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

Last 3 months

Investment data

Data from SEC filings

Securities sold

Number of investors

Calendar

9 May 22

20 May 22

31 Dec 22

Financial summary

Financial statements Chart OPRT financial data

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

Financial data from company earnings reports.

Recent insider trades

OPRT insider ownership history Insider history

Date	Owner	Security	Transaction	Code	Indirect	10b5-1	#Shares	#Remaining
31 Mar 22	Ginny Lee	Common Stock	Grant	Acquire A	No	No	958	4,929
31 Mar 22	Pascarella Carl	Common Stock	Grant	Acquire A	No	No	1,479	155,793
31 Mar 22	Strohm David N	Common Stock	Grant	Acquire A	No	No	1,043	27,628
31 Mar 22	Welts Frederic	Common Stock	Grant	Acquire A	No	No	998	4,969

Data from 3, 4 and 5 filings. Values as filed, not updated for current price.

Institutional ownership, Q4 2021

OPRT institutional ownership history Ownership history

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%

Data from 13F filings, for the last complete 13F reporting period. For most recent data, click the ownership history button. Values as filed, not updated for current price. Long positions only.

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

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From filing 10-Q 2022 Q1

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