NASDAQ$OPRT
Oportun Financial Corporation · Q1 2024 earnings
Q1 2024 earnings · · Investor relations
Briefing
Oportun's financial performance was strong compared to guidance, with operating expenses significantly reduced and a return to adjusted profitability achieved.
Oportun reported a net loss of $26 million, significantly improved from the prior year's $102 million loss. The company returned to adjusted profitability with an adjusted net income of $3.6 million. Total revenue was $250 million, and operating expenses decreased by 25% year-over-year.
- Total operating expenses declined 15% sequentially and 25% year-over-year.
- GAAP net loss sharply reduced by $76M year-over-year, returned to adjusted profitability.
- An additional $150M whole loan sale agreement was executed in May.
- Full year 2024 Total Revenue and Adjusted EBITDA guidance were raised.
Headline financials
Revenue & EPS history
Oportun · Revenue · Quarterly
$250M
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 the following guidance for 2Q 2024 and full year 2024 as follows: Total Revenue $245 - $250M (2Q 2024) and $985 - $1,010M (Full Year 2024), Annualized Net Charge-Off Rate 12.4% +/- 15 bps (2Q 2024) and 11.9% +/- 50 bps (Full Year 2024), Adjusted EBITDA $14 - $17M (2Q 2024) and $80 - $90M (Full Year 2024).
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 2024
+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
| Quarter | Report date | Reaction (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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