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)
424B3
Prospectus supplement
26 May 23
EFFECT
Notice of effectiveness
26 May 23
S-3/A
Shelf registration (amended)
25 May 23
8-K/A
Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant
10 May 23
10-Q
2023 Q1
Quarterly report
10 May 23
8-K
Oportun Reports First Quarter 2023 Financial Results
8 May 23
S-3
Shelf registration
2 May 23
ARS
2022 FY
Annual report to shareholders
27 Apr 23
DEFA14A
Additional proxy soliciting materials
27 Apr 23
DEF 14A
Definitive proxy
27 Apr 23
Transcripts
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
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
Latest ownership filings
Financial summary
| Quarter (USD) | Mar 23 | Dec 22 | Sep 22 | Jun 22 | |
|---|---|---|---|---|---|
| Revenue | |||||
| Cost of revenue | |||||
| Operating income | |||||
| Operating margin | |||||
| Net income | |||||
| Net profit margin | |||||
| Cash on hand | |||||
| 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) | 201.92 mm | 201.92 mm | 201.92 mm | 201.92 mm | 201.92 mm | 201.92 mm |
| Cash burn (monthly) | 632.00 k | (no burn) | 47.18 mm | 22.87 mm | (no burn) | (no burn) |
| Cash used (since last report) | 1.31 mm | n/a | 97.58 mm | 47.31 mm | n/a | n/a |
| Cash remaining | 200.61 mm | n/a | 104.34 mm | 154.61 mm | n/a | n/a |
| Runway (months of cash) | 317.4 | n/a | 2.2 | 6.8 | n/a | n/a |
Institutional ownership, Q4 2022
86.0% owned by funds/institutions
| 13F holders | Current |
|---|---|
| Total holders | 121 |
| Opened positions | 30 |
| Closed positions | 25 |
| Increased positions | 35 |
| Reduced positions | 35 |
| 13F shares | Current |
|---|---|
| Total value | 127.55 bn |
| Total shares | 29.16 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 |
| General Catalyst Group Management | 944.56 k | $5.20 bn |
Recent insider trades
| Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
|---|---|---|---|---|---|---|---|---|---|---|
| 31 Mar 23 | Ginny Lee | Common Stock | Grant | Acquire A | No | No | 0 | 2,587 | 0.00 | 27,599 |
| 31 Mar 23 | Pascarella Carl | Common Stock | Grant | Acquire A | No | No | 0 | 3,312 | 0.00 | 185,419 |
| 31 Mar 23 | Strohm David N | Common Stock | Grant | Acquire A | No | No | 0 | 2,191 | 0.00 | 49,676 |
| 31 Mar 23 | Welts Frederic | Common Stock | Grant | Acquire A | No | No | 0 | 2,587 | 0.00 | 28,409 |
| 31 Mar 23 | Williams R Neil | Common Stock | Grant | Acquire A | No | No | 0 | 2,794 | 0.00 | 52,476 |
News
Expert Ratings for Oportun Financial
9 May 23
Keefe, Bruyette & Woods Maintains Market Perform on Oportun Financial, Raises Price Target to $4.75
9 May 23
Top 5 Financial Stocks That Could Sink Your Portfolio This Quarter
9 May 23
Oportun Financial Q1 Adj EPS $(2.60) Misses $(1.36) Estimate, Sales $259.50M Beat $246.06M Estimate
8 May 23
Earnings Scheduled For May 8, 2023
8 May 23
Press releases
Findell Capital Management LLC Applauds Oportun (OPRT) in Announcing Cost Savings Measures
9 May 23
Oportun Reports First Quarter 2023 Financial Results
8 May 23
Oportun to Report First Quarter 2023 Financial Results on Monday, May 8, 2023
17 Apr 23
New Study Demonstrates that Oportun Products are on Average Eight Times Less Expensive Than Other Alternatives
3 Apr 23
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