NASDAQ$OPRT

Oportun Financial Corporation · Q4 2020 earnings

Q4 2020 earnings · · Investor relations

Briefing

Oportun finished a challenging year with strong Q4 results and momentum building towards 2021.

Oportun Financial Corporation reported solid fourth-quarter results, with a net income of $8.5 million, or $0.29 per diluted share, and an adjusted net income of $17.5 million, or $0.60 per diluted share. The company is focusing on enhancing its digital capabilities to drive more capital-efficient growth.

  • Aggregate originations increased 48% sequentially over the prior quarter but decreased 28% year-over-year, totaling $448.6 million.
  • The managed principal balance at the end of the period was $1.9 billion, up 3% sequentially but down 14% year-over-year.
  • The 30+ day delinquency rate was 3.7%, compared to 4.0% in the prior-year period.
  • The annualized net charge-off rate was 9.4%, compared to 9.0% in the prior-year period.

Headline financials

Total Revenue

$141M

Previous: $165M-14.8%
EPS (adj)

$0.60

Previous: $0.94-36.2%
Net Charge-Off Rate

9.4%

Previous: 9.0%+4.4%
Aggregate Originations

$449M

Previous: $619M-27.6%
Capital Expenditures

$1.22M

Previous: $3.11M-60.9%
Free Cash Flow

$12.2M

Previous: $48M-74.5%
Net Income

$8.5M

Previous: $23.2M-63.4%
Operating Income

$14.7M

No prior period
Gross Profit

$115M

Previous: $131M-12.4%
Cash & Equivalents

$136M

Previous: $72.2M+88.7%
Total Assets

$2.01B

Previous: $2.2B-8.8%
Stock-Based Comp

$5.17M

Previous: $4.01M+29.1%

Revenue & EPS history

Oportun · Revenue · Quarterly

$141M

Q4 2020-14.8%vs Q4 2019
Beat estimate in 6 of 9 quarters(67%)
ActualEstimate

Revenue by segment

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

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

Forward guidance

Due to ongoing uncertainties related to the pandemic and the likelihood of continued government stimulus, the Company is not providing financial guidance at this time.

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 Q4 2020

Historical avgQ4 2020

+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

Earnings price reactions
QuarterReport dateReaction (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

Discussion

Share your read of this quarter. Sign-in carries your eToro identity.

Join the conversation

Sign in with eToro to post your read of this quarter and vote on others'.

Sign in with eToro