NASDAQ$OPRT

Oportun Financial Corporation · Q1 2020 earnings

Q1 2020 earnings · · Investor relations

Briefing

Oportun reported a net loss for Q1 2020, with revenue up 18 percent and managed principal balance at the end of the period up 20 percent.

Oportun Financial Corporation reported financial results for the first quarter ended March 31, 2020. Total revenue increased by 18% year-over-year, but the company experienced a net loss compared to net income in the prior-year period, primarily due to the economic changes associated with the COVID-19 pandemic.

  • Aggregate Originations were $432.8M, up 4% Y/Y
  • Active Customers of 777,194, up 11% Y/Y
  • Managed Principal Balance at End of Period was $2.2B, up 20% Y/Y
  • Total revenue of $163.4M, up 18% Y/Y

Headline financials

Total Revenue

$163M

Previous: $138M+18.1%
EPS (adj)

-$0.04

Previous: $6.27-100.6%
Net Charge-Off Rate

8.9%

Previous: 8.3%+7.2%
30+ Day Delinquency Rate

3.8%

Previous: 3.6%+5.6%
Capital Expenditures

-$1.62M

Previous: $2.23M-172.4%
Free Cash Flow

-$14.9M

Previous: $44.9M-133.2%
Net Income

-$13.3M

Previous: $14.6M-191.0%
Operating Income

$157M

No prior period
Gross Profit

$163M

Previous: $98.3M+66.3%
Cash & Equivalents

$145M

Previous: $58.1M+149.2%
Total Assets

$2.12B

No prior period
Stock-Based Comp

$4.15M

Previous: $1.98M+109.6%

Revenue & EPS history

Oportun · Revenue · Quarterly

$163M

Q1 2020+18.1%vs Q1 2019
Beat estimate in 3 of 6 quarters(50%)
ActualEstimate

Revenue by segment

Oportun · $260M total across 2 segments · Q1 2023

  • Interest Income
    $238M
  • Non-interest Income
    $21.9M

Forward guidance

Given the ongoing uncertainty surrounding the duration and severity of COVID-19, Oportun is not providing forward-looking guidance at this time.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 19 quarterly earnings reports · overlaid with Q1 2020

Historical avgQ1 2020

+3.1%

Avg return

Earnings day

+4.2%

Avg return

5 days after

+1.9%

Avg return

30 days after

68%

21 / 31 earnings

Positive

+37.6%

Q1 2023

Best reaction

-51.5%

Q3 2023

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-0.1%-7.8%
Q4 2025-5.1%-2.7%-17.9%
Q3 2025+1.6%-7.6%+3.9%
Q1 2025+9.1%+16.3%+14.3%
Q4 2024+8.3%+47.2%-6.6%
Q3 2024-6.3%-3.1%+20.9%
Q2 2024-2.4%+7.3%-1.4%
Q1 2024+21.4%+16.2%-19.2%
Q4 2023-2.1%-17.7%-37.5%
Q3 2023-51.5%-59.0%-52.6%
Q2 2023+27.4%+24.4%+39.5%
Q1 2023+37.6%+26.9%+51.0%
Q4 2022-36.6%-15.7%-7.4%
Q3 2022+22.0%+53.1%+28.1%
Q2 2022-24.1%-24.1%-50.6%
Q1 2022+1.8%-1.6%+4.5%
Q4 2021-0.5%-10.2%-20.0%
Q3 2021+8.9%+15.1%-11.4%
Q2 2021+15.1%+14.9%+18.7%
Q1 2021+10.8%+2.6%+4.5%
Q4 2020-1.1%-3.8%+27.3%
Q3 2020+5.8%+10.5%+20.7%
Q2 2020+5.3%+0.4%-11.5%
Q1 2020+9.4%+9.9%+104.5%
Q4 2017+9.5%+9.3%-41.7%
Q4 2019+4.7%+5.4%-42.8%
Q1 2019+4.4%+3.8%+8.0%
Q4 2018+4.4%+3.8%+8.0%
Q3 2018+4.4%+3.8%+8.0%
Q2 2019+4.4%+3.8%+8.0%
Q3 2019+8.5%+7.7%+6.3%
Q2 2018
Q1 2018
Q3 2017
Q2 2017
Q1 2017

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