Oportun Financial Corp. is a financial services company that leverages its digital platform to provide responsible consumer credit to hardworking people. Using A.I.-driven models that are built on 15 years of proprietary customer insights and billions of unique data points, Oportun has extended more than $9.8 billion in affordable credit, providing its customers with alternatives to payday and auto title loans. In recognition of its responsibly designed products which help consumers build their credit history, Oportun has been certified as a Community Development Financial Institution (CDFI) since 2009. The Company recently applied for a national bank charter to expand its services and make its products available in all 50 states.
Company profile
Ticker
OPRT
Exchange
Website
CEO
Raul Vazquez
Employees
Incorporated
Location
Fiscal year end
Sector
Industry (SIC)
Former names
Progreso Financiero Holdings, Inc.
SEC CIK
Corporate docs
Subsidiaries
Digit Advisors, LLC • Hello Digit, LLC • Oportun CCW Depositor, LLC • Oportun Depositor, LLC • Oportun Funding XIII, LLC • Oportun Funding XIV, LLC • Oportun Global Holdings, Inc. • Oportun Funding A, LLC • Oportun PLW Depositor, LLC • Oportun Receivables Holdings, LLC ...
IRS number
453361983
OPRT stock data
Analyst ratings and price targets
Latest filings (excl ownership)
8-K
Other Events
28 Mar 23
S-8
Registration of securities for employees
14 Mar 23
10-K
2022 FY
Annual report
14 Mar 23
8-K
Oportun Reports Fourth Quarter and Full Year 2022
13 Mar 23
8-K
Oportun Announces Plan to Streamline Operations and Provides Preliminary Fourth Quarter Financial Results
9 Feb 23
8-K/A
Amendments to Articles of Incorporation or Bylaws
9 Dec 22
8-K
Amendments to Articles of Incorporation or Bylaws
23 Nov 22
10-Q
2022 Q3
Quarterly report
7 Nov 22
8-K
Oportun Reports Strong Third Quarter 2022 Financial Results
7 Nov 22
8-K
Oportun Completes $300 Million Asset-Backed Securitization
3 Nov 22
Transcripts
OPRT
Earnings call transcript
2022 Q4
13 Mar 23
OPRT
Earnings call transcript
2022 Q3
8 Nov 22
OPRT
Earnings call transcript
2022 Q2
9 Aug 22
OPRT
Earnings call transcript
2022 Q1
10 May 22
OPRT
Earnings call transcript
2021 Q4
26 Feb 22
OPRT
Earnings call transcript
2021 Q3
7 Nov 21
OPRT
Earnings call transcript
2021 Q2
8 Aug 21
OPRT
Earnings call transcript
2021 Q1
9 May 21
OPRT
Earnings call transcript
2020 Q4
19 Feb 21
OPRT
Earnings call transcript
2020 Q3
10 Nov 20
Latest ownership filings
SC 13G
ELLINGTON MANAGEMENT GROUP LLC
27 Mar 23
4
JONATHAN AARON COBLENTZ
20 Mar 23
4
Raul Vazquez
14 Mar 23
4
Casey Mueller
14 Mar 23
4
Patrick Kirscht
14 Mar 23
4
Matthew Wayne Jenkins
14 Mar 23
4
JONATHAN AARON COBLENTZ
14 Mar 23
4
Joan Aristei
14 Mar 23
4
Raul Vazquez
7 Mar 23
4
Patrick Kirscht
7 Mar 23
Financial summary
| Quarter (USD) | Dec 22 | Sep 22 | Jun 22 | Mar 22 | |
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| Change in cash | |||||
| Diluted EPS |
| Annual (USD) | Dec 22 | Dec 21 | Dec 20 | Dec 19 | |
|---|---|---|---|---|---|
| Revenue | |||||
| Cost of revenue | |||||
| Operating income | |||||
| Operating margin | |||||
| Net income | |||||
| Net profit margin | |||||
| Cash on hand | |||||
| Change in cash | |||||
| Diluted EPS |
| Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
|---|---|---|---|---|---|---|
| Cash on hand (at last report) | 203.82 mm | 203.82 mm | 203.82 mm | 203.82 mm | 203.82 mm | 203.82 mm |
| Cash burn (monthly) | 22.80 mm | (no burn) | 2.64 mm | 6.27 mm | (no burn) | (no burn) |
| Cash used (since last report) | 67.41 mm | n/a | 7.81 mm | 18.55 mm | n/a | n/a |
| Cash remaining | 136.41 mm | n/a | 196.01 mm | 185.26 mm | n/a | n/a |
| Runway (months of cash) | 6.0 | n/a | 74.2 | 29.5 | n/a | n/a |
Institutional ownership, Q4 2022
84.3% owned by funds/institutions
| 13F holders | Current |
|---|---|
| Total holders | 115 |
| Opened positions | 25 |
| Closed positions | 26 |
| Increased positions | 35 |
| Reduced positions | 35 |
| 13F shares | Current |
|---|---|
| Total value | 119.87 bn |
| Total shares | 28.16 mm |
| Total puts | 23.10 k |
| Total calls | 8.30 k |
| Total put/call ratio | 2.8 |
| Largest owners | Shares | Value |
|---|---|---|
| Institutional Venture Partners XIV | 3.41 mm | $69.03 mm |
| Institutional Venture Management XIV | 3.41 mm | $18.78 bn |
| BLK Blackrock | 2.57 mm | $14.19 bn |
| Kayne Anderson Rudnick Investment Management | 2.11 mm | $11.64 bn |
| Vanguard | 1.50 mm | $8.25 bn |
| Greylock XII Limited Partnership | 1.48 mm | $0.00 |
| Park West Asset Management | 1.15 mm | $6.34 bn |
| Wellington Management | 1.06 mm | $5.87 bn |
| Clearbridge Advisors | 1.06 mm | $5.85 bn |
| Madrone Partners | 932.96 k | $18.89 mm |
Recent insider trades
| Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
|---|---|---|---|---|---|---|---|---|---|---|
| 20 Mar 23 | Jonathan Aaron Coblentz | Common Stock | Buy | Acquire P | No | No | 3.62 | 40,000 | 144.80 k | 195,939 |
| 17 Mar 23 | Jonathan Aaron Coblentz | Common Stock | Buy | Acquire P | No | No | 3.1 | 50,000 | 155.00 k | 155,939 |
| 16 Mar 23 | Jonathan Aaron Coblentz | Common Stock | Buy | Acquire P | No | No | 2.63 | 10,000 | 26.30 k | 105,939 |
| 10 Mar 23 | Joan Aristei | Common Stock | Payment of exercise | Dispose F | No | No | 4.32 | 3,977 | 17.18 k | 116,447 |
| 10 Mar 23 | Joan Aristei | Common Stock | Payment of exercise | Dispose F | No | No | 4.32 | 900 | 3.89 k | 120,424 |
| 10 Mar 23 | Joan Aristei | Common Stock | Payment of exercise | Dispose F | No | No | 4.32 | 2,013 | 8.70 k | 121,324 |
| 10 Mar 23 | Joan Aristei | Common Stock | Option exercise | Acquire M | No | No | 0 | 4,934 | 0.00 | 123,337 |
| 10 Mar 23 | Joan Aristei | RSU Common Stock | Option exercise | Dispose M | No | No | 0 | 4,934 | 0.00 | 4,935 |
| 10 Mar 23 | Jonathan Aaron Coblentz | Common Stock | Payment of exercise | Dispose F | No | No | 4.32 | 5,309 | 22.93 k | 95,939 |
| 10 Mar 23 | Jonathan Aaron Coblentz | Common Stock | Payment of exercise | Dispose F | No | No | 4.32 | 1,335 | 5.77 k | 101,248 |
News
Oportun Informed By Consumer Financial Protection Bureau That It Has Concluded Its Investigation Of Oportun And Will Not Recommend Any Enforcement Action
28 Mar 23
Why Citi Trends Shares Are Trading Lower By Over 14%? Here Are Other Stocks Moving In Tuesday's Mid-Day Session
21 Mar 23
US Stocks Open Higher; Nasdaq Jumps Over 100 Points
21 Mar 23
12 Financials Stocks Moving In Friday's Intraday Session
17 Mar 23
US Stocks Tumble; Dow Drops Over 400 Points
17 Mar 23
Press releases
Oportun Informed by Consumer Financial Protection Bureau that it has Concluded its Investigation of Oportun and Will Not Recommend any Enforcement Action
28 Mar 23
Oportun Named "Best Consumer Lending Company" in 2023 FinTech Breakthrough Awards Program
23 Mar 23
Oportun to Participate in March Sidoti Virtual Investor Conference
20 Mar 23
Oportun Expands Executive Team with Key New Hires
15 Mar 23
Oportun Reports Fourth Quarter and Full Year 2022
13 Mar 23