NASDAQ$OPRT
Oportun Financial Corporation · Q1 2022 earnings
Q1 2022 earnings · · Investor relations
Briefing
Reported strong financial results driven by growth in members and product adoption.
Oportun reported a strong first quarter in 2022, with significant growth in originations, revenue, and EPS. The company's member base and product adoption also saw substantial increases. Oportun is raising its full-year 2022 guidance for revenue and adjusted EPS.
- Aggregate originations increased by 139% year-over-year.
- Total revenue grew by 59% year-over-year.
- Diluted EPS reached a record of $1.37, and Adjusted EPS was $1.58.
- Full-year 2022 revenue guidance raised to $910 million to $930 million, and Adjusted EPS guidance raised to $2.45 to $2.56.
Headline financials
Revenue & EPS history
Oportun · Revenue · Quarterly
$215M
Revenue by segment
Oportun · $260M total across 2 segments · Q1 2023
- Interest Income$238M—91.6%
- Non-interest Income$21.9M—8.4%
Forward guidance
Oportun is providing guidance for Q2 2022 and full year 2022.
Tailwinds
- Aggregate Originations for Q2 2022 are expected to be $825 - $850 million.
- Aggregate Originations for full year 2022 are expected to be $3.45 - $3.50 billion.
- Total Revenue for Q2 2022 is expected to be $214 - $218 million.
- Total Revenue for full year 2022 is expected to be $910 - $930 million.
- Adjusted Net Income for full year 2022 is expected to be $83 - $87 million.
Headwinds
- Adjusted Net Income for Q2 2022 is expected to be $2 - $4 million.
- Adjusted EPS for Q2 2022 is expected to be $0.06 - $0.12.
- Adjusted EPS for full year 2022 is expected to be $2.45 - $2.56.
- Annualized Net Charge-Off Rate for Q2 2022 is expected to be 8.6% +/- 10 bps.
- Annualized Net Charge-Off Rate for full year 2022 is expected to be 8.8% +/- 15 bps.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q1 2022
+3.1%
Avg return
Earnings day
+4.2%
Avg return
5 days after
+1.2%
Avg return
30 days after
71%
22 / 31 earnings
Positive
+37.6%
Q1 2023
Best reaction
-51.5%
Q3 2023
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +0.3% | -7.5% | -17.1% | |
| 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% | |
| Q2 2019 | +4.4% | +3.8% | +8.0% | |
| Q4 2018 | +4.4% | +3.8% | +8.0% | |
| Q3 2018 | +4.4% | +3.8% | +8.0% | |
| Q1 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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