oportun was formerly known as progreso financiero. only the name has changed. we continue our commitment to our mission: to provide responsible, affordable loans that help the underserved hispanic community establish credit and build a better future. oportun’s advanced data analytics and technology determines every applicant’s ability to repay, including those who do not have credit, and enables back-office efficiency. the company delivers a very supportive and welcoming service experience with bilingual staff across channels and operates over 170 locations in ca, il, tx, ut and nv. why we do it: we are committed to providing affordable and responsible credit services to the hispanic community. it is estimated that 23 million hispanics in the united states have limited or no credit history. in fact, approximately half of the company’s first-time customers do not have a credit score at all. oportun reports performance of all loans to two of the credit bureaus and enables customers
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 • Oportun CCW Depositor, LLC • Oportun CL 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
Latest filings (excl ownership)
8-K
Submission of Matters to a Vote of Security Holders
28 Jun 24
DEFR14A
Revised proxy
31 May 24
8-K
Cost Associated with Exit or Disposal Activities
22 May 24
DEFA14A
Additional proxy soliciting materials
13 May 24
DEF 14A
Definitive proxy
13 May 24
10-Q
2024 Q1
Quarterly report
9 May 24
8-K
Oportun Reports First Quarter 2024 Financial Results
9 May 24
PRE 14A
Preliminary proxy
3 May 24
10-K/A
2023 FY
Annual report (amended)
29 Apr 24
8-K
Oportun Appoints Scott Parker to its Board of Directors in Cooperation with Findell Capital
22 Apr 24
Transcripts
OPRT
Earnings call transcript
2024 Q1
9 May 24
OPRT
Earnings call transcript
2023 Q4
12 Mar 24
OPRT
Earnings call transcript
2023 Q3
6 Nov 23
OPRT
Earnings call transcript
2023 Q2
8 Aug 23
OPRT
Earnings call transcript
2023 Q2
8 Aug 23
OPRT
Earnings call transcript
2023 Q1
8 May 23
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
Latest ownership filings
Financial summary
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Diluted EPS |
Annual (USD) | Dec 23 | Dec 22 | Dec 21 | Dec 20 | |
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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) | 196.55 mm | 196.55 mm | 196.55 mm | 196.55 mm | 196.55 mm | 196.55 mm |
Cash burn (monthly) | 3.15 mm | 447.33 k | 10.16 mm | 11.88 mm | (no burn) | (no burn) |
Cash used (since last report) | 12.20 mm | 1.73 mm | 39.28 mm | 45.94 mm | n/a | n/a |
Cash remaining | 184.36 mm | 194.82 mm | 157.28 mm | 150.61 mm | n/a | n/a |
Runway (months of cash) | 58.4 | 435.5 | 15.5 | 12.7 | n/a | n/a |
Institutional ownership, Q1 2024
33.2% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 12 |
Opened positions | 4 |
Closed positions | 3 |
Increased positions | 2 |
Reduced positions | 1 |
13F shares | Current |
---|---|
Total value | 2.02 bn |
Total shares | 11.80 mm |
Total puts | 0.00 |
Total calls | 0.00 |
Total put/call ratio | – |
Largest owners | Shares | Value |
---|---|---|
Institutional Venture Partners XIV | 3.41 mm | $69.03 mm |
FIN Capital Partners | 2.65 mm | $6.84 mm |
Ellington Management | 2.48 mm | $0.00 |
Greylock XII Limited Partnership | 1.48 mm | $0.00 |
Madrone Partners | 932.96 k | $18.89 mm |
Summa | 563.81 k | $1.37 bn |
Berger Financial | 175.61 k | $426.73 mm |
Gsa Capital Partners | 51.87 k | $126.00 k |
Versant Capital Management | 30.60 k | $74.36 mm |
Hennion & Walsh Asset Management | 20.59 k | $50.03 mm |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
26 Jun 24 | Barefoot Jo Ann | Common Stock | Grant | Acquire A | No | No | 0 | 26,687 | 0.00 | 77,553 |
26 Jun 24 | Mohit Daswani | Common Stock | Grant | Acquire A | No | No | 0 | 26,687 | 0.00 | 34,504 |
26 Jun 24 | Ginny Lee | Common Stock | Grant | Acquire A | No | No | 0 | 26,687 | 0.00 | 82,428 |
26 Jun 24 | Carlos Minetti | Common Stock | Grant | Acquire A | No | No | 0 | 26,687 | 0.00 | 34,504 |
Press releases
Oportun to Report Second Quarter 2024 Financial Results on Thursday, August 8, 2024
25 Jul 24
Concerned Shareholders of Oportun Financial Corporation Call on Three Directors to Resign Based on Their Unwillingness to Replace Value-Destructive Management
25 Jul 24
Oportun to Present at Sidoti June Virtual Investor Conference
6 Jun 24
Oportun Reports First Quarter 2024 Financial Results
9 May 24