NASDAQ$OPRT

Oportun Financial Corporation · Q1 2025 earnings

Q1 2025 earnings · · After market close · Investor relations

Briefing

Oportun reported a strong first quarter in 2025, achieving GAAP profitability for the second consecutive quarter, with significant increases in net income and EPS.

Oportun Financial Corporation reported a strong first quarter in 2025, achieving GAAP net income of $9.8 million, a $36 million increase year-over-year, and GAAP EPS of $0.21, up $0.89 year-over-year. Adjusted EPS increased to $0.40, and operating expenses were reduced by 15% year-over-year. The company reiterated its full-year 2025 credit performance and profit expectations.

  • GAAP net income increased by $36 million year-over-year to $9.8 million, marking the second consecutive quarter of GAAP profitability.
  • Adjusted EPS rose to $0.40, an increase of $0.31 year-over-year, and Adjusted Net Income was up $15 million year-over-year.
  • Operating expenses decreased by 15% year-over-year to $93 million, reflecting strong cost discipline.
  • Aggregate Originations increased by 39% to $469 million, and the 30+ Day Delinquency Rate decreased for the fifth consecutive quarter to 4.7%.

Headline financials

Total Revenue

$236M

Previous: $250M-5.8%
EPS (adj)

$0.40

Previous: -$0.68+158.8%
Net Charge-Off Rate

12.2%

Previous: 12.0%+1.7%
30+ Day Delinquency Rate

4.7%

Previous: 5.2%-9.6%
Aggregate Originations

$469M

Previous: $338M+38.8%
Portfolio Yield

33.0%

Previous: 32.5%+1.5%
Owned Principal Balance

$2.66B

Previous: $2.75B-3.4%
OpEx Ratio

13.9%

Previous: 15.5%-10.3%
Adjusted OpEx Ratio

13.3%

Previous: 14.3%-7.0%
ROE

11.0%

Previous: -27.0%+140.7%
Adjusted ROE

21.0%

Previous: 3.7%+467.6%
Managed Principal Balance

$2.96B

Previous: $3.03B-2.4%
Avg Daily Principal Balance

$2.71B

Previous: $2.85B-5.1%
Net Income

$9.8M

Previous: -$26.4M+137.1%
Operating Income

$13.2M

Previous: $161M-91.8%

Revenue & EPS history

Oportun · Revenue · Quarterly

$236M

Q1 2025-5.8%vs Q1 2024
Beat estimate in 10 of 15 quarters(67%)
ActualEstimate

Revenue by segment

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

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

Forward guidance

Oportun provided guidance for Q2 2025 and full year 2025, expecting continued profitability and strong credit performance, while prudently moderating loan originations growth.

Tailwinds

  • Full year 2025 GAAP Net Income is expected to be profitable.
  • Full year 2025 Adjusted EPS guidance of $1.10 to $1.30 per share implies growth of 53% to 81%.
  • Full year 2025 Adjusted EBITDA is projected to be between $135 million and $145 million.
  • Full year 2025 total revenue is expected to be between $945 million and $970 million.
  • Full year 2025 Annualized Net Charge-Off Rate is expected to be 11.5% +/- 50 bps, indicating stable credit performance.

Headwinds

  • Loan originations growth for full year 2025 is prudently moderated to approximately 10% from the previous 10% to 15% range.
  • The company is unable to precisely forecast the fair value mark-to-market adjustments due to macroeconomic uncertainty and quarterly volatility.
  • Q2 2025 total revenue is expected to be slightly lower than Q1 2025, ranging from $237 million to $242 million.
  • Q2 2025 Adjusted EBITDA is projected to be between $29 million and $34 million, lower than the full year projection.
  • The guidance assumes no change in the fair value mark-to-market adjustment, which could impact GAAP net income (loss).

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 2025

Historical avgQ1 2025

+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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