Oportun Financial (OPRT) 10-Q 7 Nov 22 2022 Q3 Quarterly report Financial data

Cover Page

Cover Page - shares	9 Months Ended
	Sep. 30, 2022	Nov. 02, 2022
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Sep. 30, 2022
Document Transition Report	false
Entity File Number	001-39050
Entity Registrant Name	OPORTUN FINANCIAL CORPORATION
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	45-3361983
Entity Address, Address Line One	2 Circle Star Way
Entity Address, City or Town	San Carlos,
Entity Address, State or Province	CA
Entity Address, Postal Zip Code	94070
City Area Code	650
Local Phone Number	810-8823
Title of 12(b) Security	Common Stock, $0.0001 par value per share
Trading Symbol	OPRT
Security Exchange Name	NASDAQ
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		33,192,703
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2022
Document Fiscal Period Focus	Q3
Entity Central Index Key	0001538716
Amendment Flag	false

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets (Unaudited) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Assets
Cash and cash equivalents	$ 175,857	$ 130,959
Restricted cash	96,350	62,001
Loans receivable at fair value	2,991,334	2,386,807
Interest and fees receivable, net	30,605	20,916
Capitalized software and other intangibles, net	139,069	131,181
Goodwill	0	104,014
Right of use assets - operating	32,080	38,403
Other assets	74,699	72,344
Total assets	3,539,994	2,946,625
Liabilities
Secured financing	365,147	393,889
Asset-backed notes at fair value	2,238,331	1,651,706
Acquisition and corporate financing	241,838	114,092
Lease liabilities	40,149	47,699
Other liabilities	105,416	135,358
Total liabilities	2,990,881	2,342,744
Stockholders' equity
Common stock, $0.0001 par value - 1,000,000,000 shares authorized at September 30, 2022 and December 31, 2021; 33,460,161 shares issued and 33,188,138 shares outstanding at September 30, 2022; 32,276,419 shares issued and 32,004,396 shares outstanding at December 31, 2021	7	6
Common stock, additional paid-in capital	540,890	526,338
Retained earnings	14,525	83,846
Treasury stock at cost, 272,023 shares at September 30, 2022 and December 31, 2021	(6,309)	(6,309)
Total stockholders’ equity	549,113	603,881
Total liabilities and stockholders' equity	$ 3,539,994	$ 2,946,625

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Unaudited) (Parenthetical) - $ / shares	Sep. 30, 2022	Dec. 31, 2021
Stockholders' Equity, Number of Shares, Par Value and Other Disclosure [Abstract]
Common stock, par value (in USD per share)	$ 0.0001	$ 0.0001
Common stock, shares authorized (in shares)	1,000,000,000	1,000,000,000
Common stock, shares issued (in shares)	33,460,161	32,276,419
Common stock, shares outstanding (in shares)	33,188,138	32,004,396
Treasury stock, shares (in shares)	272,023	272,023

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations (Unaudited) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Revenue
Interest income	$ 232,115	$ 145,444	$ 632,007	$ 401,224
Non-interest income	17,961	13,640	58,591	31,427
Total revenue	250,076	159,084	690,598	432,651
Less:
Interest expense	26,671	10,574	57,452	36,241
Net decrease in fair value	(76,422)	(8,987)	(135,935)	(26,457)
Net revenue	146,983	139,523	497,211	369,953
Operating expenses:
Technology and facilities	56,113	34,226	158,090	100,274
Sales and marketing	21,781	32,102	88,690	79,743
Personnel	39,959	29,039	114,514	84,412
Outsourcing and professional fees	18,620	13,348	50,112	40,762
General, administrative and other	14,401	2,686	44,698	22,862
Goodwill impairment	108,472	0	108,472	0
Total operating expenses	259,346	111,401	564,576	328,053
Income (loss) before taxes	(112,363)	28,122	(67,365)	41,900
Income tax expense (benefit)	(6,536)	5,143	1,956	8,652
Net income (loss)	(105,827)	22,979	(69,321)	33,248
Net income (loss) attributable to common stockholders	(105,827)	22,979	(69,321)	33,248
Net income (loss) attributable to common stockholders	$ (105,827)	$ 22,979	$ (69,321)	$ 33,248
Earnings (loss) per share:
Basic (in USD per share)	$ (3.21)	$ 0.82	$ (2.12)	$ 1.19
Diluted (in USD per share)	$ (3.21)	$ 0.75	$ (2.12)	$ 1.11
Weighted average common shares outstanding:
Basic (in shares)	33,010,107	28,167,686	32,688,988	27,982,273
Diluted (in shares)	33,010,107	30,503,773	32,688,988	30,059,675

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Changes in Stockholders' Equity (Unaudited) - USD ($) $ in Thousands	Total	Common Stock	Additional Paid-in Capital	Retained Earnings	Treasury Stock
Beginning balance (in shares) at Dec. 31, 2020		27,679,263
Beginning balance at Dec. 31, 2020	$ 466,628	$ 6	$ 436,499	$ 36,432	$ (6,309)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Issuance of common stock upon exercise of stock options (in shares)		33,526
Issuance of common stock upon exercise of stock options	307		307
Stock-based compensation expense	5,088		5,088
Vesting of restricted stock units, net of shares withheld (in shares)		261,794
Vesting of restricted stock units, net of shares withheld	(2,794)		(2,794)
Net income (loss)	3,019			3,019
Ending balance (in shares) at Mar. 31, 2021		27,974,583
Ending balance at Mar. 31, 2021	472,248	$ 6	439,100	39,451	(6,309)
Beginning balance (in shares) at Dec. 31, 2020		27,679,263
Beginning balance at Dec. 31, 2020	466,628	$ 6	436,499	36,432	(6,309)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	33,248
Ending balance (in shares) at Sep. 30, 2021		28,384,922
Ending balance at Sep. 30, 2021	511,591	$ 6	448,214	69,680	(6,309)
Beginning balance (in shares) at Mar. 31, 2021		27,974,583
Beginning balance at Mar. 31, 2021	472,248	$ 6	439,100	39,451	(6,309)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Issuance of common stock upon exercise of stock options (in shares)		10,114
Issuance of common stock upon exercise of stock options	159		159
Stock-based compensation expense	5,366		5,366
Vesting of restricted stock units, net of shares withheld (in shares)		49,227
Vesting of restricted stock units, net of shares withheld	(442)		(442)
Net income (loss)	7,250			7,250
Ending balance (in shares) at Jun. 30, 2021		28,033,924
Ending balance at Jun. 30, 2021	484,581	$ 6	444,183	46,701	(6,309)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Issuance of common stock upon exercise of stock options (in shares)		139,096
Issuance of common stock upon exercise of stock options	2,140		2,140
Stock-based compensation expense	4,868		4,868
Vesting of restricted stock units, net of shares withheld (in shares)		211,902
Vesting of restricted stock units, net of shares withheld	(2,977)		(2,977)
Net income (loss)	22,979			22,979
Ending balance (in shares) at Sep. 30, 2021		28,384,922
Ending balance at Sep. 30, 2021	511,591	$ 6	448,214	69,680	(6,309)
Beginning balance (in shares) at Dec. 31, 2021		32,004,396
Beginning balance at Dec. 31, 2021	603,881	$ 6	526,338	83,846	(6,309)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Issuance of common stock upon exercise of stock options (in shares)		505,945
Issuance of common stock upon exercise of stock options	(4,748)	$ 1	(4,749)
Stock-based compensation expense	7,467		7,467
Vesting of restricted stock units, net of shares withheld (in shares)		296,552
Vesting of restricted stock units, net of shares withheld	(2,327)		(2,327)
Net income (loss)	45,663			45,663
Ending balance (in shares) at Mar. 31, 2022		32,806,893
Ending balance at Mar. 31, 2022	649,936	$ 7	526,729	129,509	(6,309)
Beginning balance (in shares) at Dec. 31, 2021		32,004,396
Beginning balance at Dec. 31, 2021	603,881	$ 6	526,338	83,846	(6,309)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	(69,321)
Ending balance (in shares) at Sep. 30, 2022		33,188,138
Ending balance at Sep. 30, 2022	549,113	$ 7	540,890	14,525	(6,309)
Beginning balance (in shares) at Mar. 31, 2022		32,806,893
Beginning balance at Mar. 31, 2022	649,936	$ 7	526,729	129,509	(6,309)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Issuance of common stock upon exercise of stock options (in shares)		32,345
Issuance of common stock upon exercise of stock options	78		78
Stock-based compensation expense	7,642		7,642
Repurchase of stock options (in shares)		(2,706)
Repurchase of stock options	(28)		(28)
Vesting of restricted stock units, net of shares withheld (in shares)		63,064
Vesting of restricted stock units, net of shares withheld	(273)		(273)
Net income (loss)	(9,157)			(9,157)
Ending balance (in shares) at Jun. 30, 2022		32,899,596
Ending balance at Jun. 30, 2022	648,198	$ 7	534,148	120,352	(6,309)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Issuance of common stock upon exercise of stock options (in shares)		5,261
Issuance of common stock upon exercise of stock options	29		29
Stock-based compensation expense	7,666		7,666
Vesting of restricted stock units, net of shares withheld (in shares)		283,281
Vesting of restricted stock units, net of shares withheld	(953)		(953)
Net income (loss)	(105,827)			(105,827)
Ending balance (in shares) at Sep. 30, 2022		33,188,138
Ending balance at Sep. 30, 2022	$ 549,113	$ 7	$ 540,890	$ 14,525	$ (6,309)

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Cash Flow (Unaudited) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021
Cash flows from operating activities
Net income (loss)	$ (69,321)	$ 33,248
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Depreciation and amortization	34,624	20,390
Goodwill impairment	108,472	0
Fair value adjustment, net	135,935	26,457
Origination fees for loans receivable at fair value, net	(17,699)	(9,070)
Gain on loan sales	(5,708)	(17,083)
Stock-based compensation expense	20,752	14,542
Other, net	32,183	37,609
Originations of loans sold and held for sale	(50,643)	(136,285)
Proceeds from sale of loans	56,800	151,924
Changes in other assets and other liabilities	(86,052)	(18,004)
Net cash provided by operating activities	159,343	103,728
Cash flows from investing activities
Originations of loans	(2,178,675)	(1,113,515)
Proceeds from loan sales originated as held for investment	247,943	0
Repayments of loan principal	1,055,113	817,843
Capitalization of system development costs	(36,824)	(18,508)
Other, net	(3,434)	(2,561)
Net cash used in investing activities	(915,877)	(316,741)
Cash flows from financing activities
Borrowings under secured financing	1,687,050	895,535
Borrowings under asset-backed notes, acquisition and corporate financing	967,761	867,251
Repayments of secured financing	(1,717,050)	(615,994)
Repayments of asset-backed notes, acquisition and corporate financing	(87,253)	(875,007)
Payments of deferred financing costs	(6,503)	0
Net payments related to stock-based activities	(8,224)	(3,607)
Net cash provided by financing activities	835,781	268,178
Net increase in cash and cash equivalents and restricted cash	79,247	55,165
Cash and cash equivalents and restricted cash, beginning of period	192,960	168,590
Cash and cash equivalents and restricted cash, end of period	272,207	223,755
Supplemental disclosure of cash flow information
Cash and cash equivalents	175,857	168,407
Restricted cash	96,350	55,348
Total cash and cash equivalents and restricted cash	272,207	223,755
Cash paid for income taxes, net of refunds	(3,944)	2,048
Cash paid for interest	51,509	36,582
Cash paid for amounts included in the measurement of operating lease liabilities	7,772	13,802
Supplemental disclosures of non-cash investing and financing activities
Right of use assets obtained in exchange for operating lease obligations	2,831	6,677
Non-cash investments in capitalized assets	2,577	1,960
Non-cash financing activities	$ 2,325	$ 1,121

Organization and Description of

Organization and Description of Business	9 Months Ended
	Sep. 30, 2022
Accounting Policies [Abstract]
Organization and Description of Business	Organization and Description of Business Oportun is a financial technology company and digital banking platform driven by its mission to provide inclusive, affordable financial services that empower its members to build a better future. Oportun Financial Corporation (together with its subsidiaries, "Oportun" or the "Company") takes a holistic approach to serving its members and views as its purpose to responsibly meet their current capital needs, help grow its members' financial profiles, increase their financial awareness and put them on a path to a financially healthy life. With its acquisition of Hello Digit, Inc. ("Digit") on December 22, 2021, the Company can now offer access to a comprehensive suite of digital banking products, offered either directly or through partners, including lending, savings and investing powered by A.I. and tailored to each member's goals to make achieving financial health automated. The Company's credit products include personal loans, secured personal loans and credit cards. The Company's digital banking products include automated savings, digital banking, long-term investing and retirement savings. The Company is headquartered in San Carlos, California. The Company has been certified by the United States Department of the Treasury as a Community Development Financial Institution ("CDFI") since 2009. Segments Segments are defined as components of an enterprise for which discrete financial information is available and evaluated regularly by the chief operating decision maker ("CODM") in deciding how to allocate resources and in assessing performance. The Company’s Chief Executive Officer and the Company's Chief Financial Officer are collectively considered to be the CODM. The CODM reviews financial information presented on a consolidated basis for purposes of allocating resources and evaluating financial performance. The Company’s operations constitute a single reportable segment.

Summary of Significant Accounti

Summary of Significant Accounting Policies	9 Months Ended
	Sep. 30, 2022
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	Summary of Significant Accounting Policies Basis of Presentation ‑ The accompanying condensed consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America ("GAAP"). These statements are unaudited and reflect all normal, recurring adjustments that are, in management's opinion, necessary for the fair presentation of results. The condensed consolidated financial statements include the accounts of the Company and its wholly owned subsidiaries. All intercompany accounts and transactions have been eliminated in consolidation. Certain prior-period financial information has been reclassified to conform to current period presentation. Certain information and note disclosures normally included in the financial statements prepared in accordance with GAAP have been condensed or omitted pursuant to such rules and regulations. As such, the information included in this Quarterly Report on Form 10-Q should be read in conjunction with the audited consolidated financial statements and the related notes thereto included in the Company's Annual Report on Form 10-K for the year ended December 31, 2021 (the "Annual Report"), filed with the Securities and Exchange Commission ("SEC") on March 1, 2022. Use of Estimates ‑ The preparation of the condensed consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the condensed consolidated financial statements, and the reported amounts of income and expenses during the reporting period. These estimates are based on information available as of the date of the condensed consolidated financial statements; therefore, actual results could differ from those estimates and assumptions. Accounting Policies - There have been no changes to the Company's significant accounting policies from those described in Part II, Item 8 - Financial Statements and Supplementary Data in the Annual Report, except for the new accounting pronouncements subsequently adopted as noted below. Recently Adopted Accounting Standards None.

Earnings (Loss) per Share

Earnings (Loss) per Share	9 Months Ended
	Sep. 30, 2022
Earnings Per Share [Abstract]
Earnings (Loss) per Share	Earnings (Loss) per Share Basic and diluted earnings (loss) per share are calculated as follows: Three Months Ended September 30, Nine Months Ended September 30, (in thousands, except share and per share data) 2022 2021 2022 2021 Net income (loss) $ (105,827) $ 22,979 $ (69,321) $ 33,248 Net income (loss) attributable to common stockholders $ (105,827) $ 22,979 $ (69,321) $ 33,248 Basic weighted-average common shares outstanding 33,010,107 28,167,686 32,688,988 27,982,273 Weighted average effect of dilutive securities: Stock options — 1,451,687 — 1,351,288 Restricted stock units — 884,400 — 726,114 Diluted weighted-average common shares outstanding 33,010,107 30,503,773 32,688,988 30,059,675 Earnings (loss) per share: Basic $ (3.21) $ 0.82 $ (2.12) $ 1.19 Diluted $ (3.21) $ 0.75 $ (2.12) $ 1.11 The following common share equivalent securities have been excluded from the calculation of diluted weighted-average common shares outstanding because the effect is anti-dilutive for the periods presented: Three Months Ended September 30, Nine Months Ended September 30, 2022 2021 2022 2021 Stock options 3,456,494 1,597,130 3,596,792 2,229,446 Restricted stock units 4,696,244 — 4,285,771 15,102 Total anti-dilutive common share equivalents 8,152,738 1,597,130 7,882,563 2,244,548

Variable Interest Entities

Variable Interest Entities	9 Months Ended
	Sep. 30, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Variable Interest Entities	Variable Interest Entities Variable interest entities ("VIEs") are legal entities that either have an insufficient amount of equity at risk for the entity to finance its activities without additional subordinated financial support or, as a group, the holders of equity investment at risk lack the ability to direct the entity's activities that most significantly impact economic performance through voting or similar rights, or do not have the obligation to absorb the expected losses or the right to receive expected residual returns of the entity. For all VIEs in which we are involved, we assess whether we are the primary beneficiary of the VIE on an ongoing basis. In circumstances where we have both the power to direct the activities that most significantly impact the VIEs performance and the obligation to absorb losses or the right to receive the benefits of the VIE that could be significant, we would conclude that we are the primary beneficiary of the VIE, and we consolidate the VIE. In situations where we are not deemed to be the primary beneficiary of the VIE, we do not consolidate the VIE and only recognize our interests in the VIE. Consolidated VIEs As part of the Company’s overall funding strategy, the Company transfers a pool of designated loans receivable to wholly owned special-purpose subsidiaries ("VIEs") to collateralize certain asset-backed financing transactions. For these VIEs where the Company has determined that it is the primary beneficiary because it has the power to direct the activities that most significantly impact the VIEs’ economic performance and the obligation to absorb the losses or the right to receive benefits from the VIEs that could potentially be significant to the VIEs the VIEs assets and related liabilities are consolidated with the results of the Company. Such power arises from the Company’s contractual right to service the loans receivable securing the VIEs’ asset-backed debt obligations. The Company has an obligation to absorb losses or the right to receive benefits that are potentially significant to the VIEs because it retains the residual interest of each asset-backed financing transaction in the form of an asset-backed certificate. Accordingly, the Company includes the VIEs’ assets, including the assets securing the financing transactions, and related liabilities in its condensed consolidated financial statements. Each consolidated VIE issues a series of asset-backed securities that are supported by the cash flows arising from the loans receivable securing such debt. Cash inflows arising from such loans receivable are distributed monthly to the transaction’s lenders and related service providers in accordance with the transaction’s contractual priority of payments. The creditors of the VIEs above have no recourse to the general credit of the Company as the primary beneficiary of the VIEs and the liabilities of the VIEs can only be settled by the respective VIE’s assets. The Company retains the most subordinated economic interest in each financing transaction through its ownership of the respective residual interest in each VIE. The Company has no obligation to repurchase loans receivable that initially satisfied the financing transaction’s eligibility criteria but subsequently became delinquent or a defaulted loans receivable. The following table represents the assets and liabilities of consolidated VIEs recorded on the Company’s Condensed Consolidated Balance Sheets (Unaudited): September 30, December 31, (in thousands) 2022 2021 Consolidated VIE assets Restricted cash $ 82,712 $ 41,803 Loans receivable at fair value 2,924,567 2,267,205 Interest and fee receivable 29,748 19,869 Total VIE assets 3,037,027 2,328,877 Consolidated VIE liabilities Secured financing (1) 368,000 398,000 Asset-backed notes at fair value 2,238,331 1,651,706 Acquisition financing (1) 104,764 116,000 Total VIE liabilities $ 2,711,095 $ 2,165,706 (1) Amounts exclude deferred financing costs. See Note 9, Borrowings for additional information.

Loans Held for Sale and Loans S

Loans Held for Sale and Loans Sold	9 Months Ended
	Sep. 30, 2022
Transfers and Servicing [Abstract]
Loans Held for Sale and Loans Sold	Loans Held for Sale and Loans Sold Structured Loan Sales - On March 31, 2022, the Company participated in a securitization whereby the Company and funds managed by Ellington Management Group both contributed collateral and were co-sponsors of the transaction, which totaled $400.0 million in issued asset-backed notes. As part of the securitization, the Company sold loans to OPTN Funding Grantor Trust 2022-1 ("Grantor Trust") through the issuance of amortizing asset-backed notes secured by a pool of its unsecured and secured personal installment loans. The Company also sold its share of the residual interest in the pool (collectively referred to as the "2022-1 transaction"). The Company's continued involvement in the unconsolidated VIEs is in the form of servicer of these loans. The Company does not have variable interest in the Grantor Trust or the issuer established for this transaction. The sold loans were accounted for under the fair value option and had an aggregate unpaid principal balance of approximately $227.6 million, a cumulative fair value mark of $15.9 million and unpaid interest of $1.5 million. The Company received $245.0 million of net proceeds and by selling both its notes and residual interest, the Company derecognized these loans from its Consolidated Balance Sheets. Other Loan Sales - The Company enters into agreements to sell certain populations of its loans from time to time. The sold loans were accounted for under the fair value option. In April 2022, the Company sold loans that had an aggregate unpaid principal balance, including unpaid interest and fees, of approximately $16.3 million, and a cumulative fair value mark of $(14.1) million. The Company received $2.2 million of net proceeds (the "Q2 2022 Loan Sale"). During the third quarter of 2022, the Company sold loans that had an aggregate unpaid principal balance, including unpaid interest and fees, of approximately $22.2 million and a cumulative fair value mark of $(21.1) million. The Company received $0.7 million of net proceeds and has recorded a receivable of $0.4 million in Other assets on the Condensed Consolidated Balance Sheets (Unaudited) as of September 30, 2022 (the "Q3 2022 Loan Sales"). The loan sales qualified for sale accounting treatment and the Company derecognized these loans from its Consolidated Balance Sheets at the end of the quarter in which the loans were sold. Whole Loan Sale Program ‑

Acquisition

Acquisition	9 Months Ended
	Sep. 30, 2022
Business Combination and Asset Acquisition [Abstract]
Acquisition	AcquisitionOn December 22, 2021, the Company completed its acquisition of Hello Digit, Inc. (or "Digit"). Digit is a digital banking platform that provides automated savings, banking and investing tools. Digit members can keep and integrate their existing bank accounts into the platform, or they can make Digit their primary banking relationship by opening new accounts via Digit’s bank partner. By acquiring Digit, Oportun further expanded its A.I. and digital banking capabilities, adding to its services to provide its members a holistic offering built to address their financial needs. The total consideration the Company provided for Digit, which consisted of cash and equity, was approximately $205.3 million.The Company recognized acquisition and integration related costs of approximately $8.1 million in the three months ended September 30, 2022 and $22.4 million in the nine months ended September 30, 2022 which are included in the General, administrative and other expense in the Condensed Consolidated Statements of Operations (Unaudited).

Capitalized Software, Other Int

Capitalized Software, Other Intangibles, and Goodwill	9 Months Ended
	Sep. 30, 2022
Goodwill and Intangible Assets Disclosure [Abstract]
Capitalized Software, Other Intangibles, and Goodwill	Capitalized Software, Other Intangibles and Goodwill Capitalized software, net consists of the following: September 30, December 31, (in thousands) 2022 2021 Capitalized software, net: System development costs $ 122,998 $ 84,550 Acquired developed technology 48,500 48,500 Less: Accumulated amortization (70,104) (45,433) Total capitalized software, net $ 101,394 $ 87,617 Capitalized software, net Amortization of system development costs and acquired developed technology for three months ended September 30, 2022 and 2021 was $9.0 million and $4.4 million, respectively. System development costs capitalized in the three months ended September 30, 2022 and 2021 were $13.8 million and $7.5 million, respectively. Amortization of system development costs and acquired developed technology for nine months ended September 30, 2022 and 2021 was $24.7 million and $11.7 million, respectively. System development costs capitalized in the nine months ended September 30, 2022 and 2021 were $39.2 million and $19.9 million, respectively. Intangible Assets The gross carrying amount and accumulated amortization, in total and by major intangible asset class are as follows: September 30, December 31, (in thousands) 2022 2021 Intangible assets: Member relationships $ 34,500 $ 34,500 Trademarks 6,426 6,364 Other 3,000 3,000 Less: Accumulated amortization (6,251) (300) Total intangible assets, net $ 37,675 $ 43,564 Amortization of intangible assets for the three months ended September 30, 2022 was $2.0 million. There were no intangible assets subject to amortization for the three months ended September 30, 2021. Amortization of intangible assets for the nine months ended September 30, 2022 was $6.0 million. There were no intangible assets subject to amortization for the nine months ended September 30, 2021. Expected future amortization expense for intangible assets as of September 30, 2022 is as follows: (in thousands) Fiscal Years 2022 (remaining three months) $ (1,998) 2023 (7,950) 2024 (7,798) 2025 (4,929) 2026 (4,929) 2027 (4,929) Thereafter (4,780) Total $ (37,313) Goodwill The Company recorded goodwill of $104.0 million arising from the acquisition of Digit on December 22, 2021. The Company recorded increases to goodwill of $4.3 million and $4.5 million, during the three and nine months ended September 30, 2022, respectively, as part of the twelve-month measurement period. These increases were primarily due to changes in deferred taxes resulting from the filing of Digit's pre-acquisition tax returns. Goodwill represents the difference between the purchase price and the estimated fair value of identifiable assets acquired and liabilities assumed. The Company performs impairment tests related to its goodwill on an annual basis or when certain triggering events or circumstances are identified that would more likely than not reduce the estimated fair value of the goodwill below its carrying amount. In response to a sustained decline in the Company’s share price primarily driven by macroeconomic conditions, the Company conducted a quantitative test of its goodwill as of September 30, 2022. The Company considered the income approach, the guideline public company multiples approach and the market approach in determining a fair value for the Company which was determined to be the only reporting unit for purposes of testing the goodwill. Given the uncertain macroeconomic environment there was a wide range of indications of fair value across the approaches. Although the corresponding value was the lowest in the range, the Company utilized the market approach because it was based on market observable inputs. The market approach estimates fair value using the market capitalization of the Company as a basis. As of September 30, 2022, the market capitalization plus the estimated control premium was less than the carrying value of the Company. As a result, the Company recognized a non-cash pre-tax impairment charge of $108.5 million during the three and nine months ended September 30, 2022 to write down the carrying value of goodwill. The non-cash impairment charge is included in Goodwill impairment in the Condensed Consolidated Statements of Operations (Unaudited) for the three and nine months ended September 30, 2022. There were no goodwill impairment charges during the three and nine months ended September 30, 2021 because the Company did not have a goodwill balance as of September 30, 2021. The following table represents the changes in goodwill since December 31, 2021: (in thousands) Goodwill Balance as of December 31, 2021 $ 104,014 Measurement adjustments during period 4,458 Impairment (108,472) Balance as of September 30, 2022 $ —

Other Assets

Other Assets	9 Months Ended
	Sep. 30, 2022
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Other Assets	Other Assets Other assets consist of the following: September 30, December 31, (in thousands) 2022 2021 Fixed assets Total fixed assets $ 45,794 $ 44,100 Less: Accumulated depreciation (36,352) (34,185) Total fixed assets, net $ 9,442 $ 9,915 Other Assets Loans held for sale 42 491 Prepaid expenses 25,057 25,355 Deferred tax assets 1,869 3,923 Current tax assets 17,978 13,330 Other 20,311 19,330 Total other assets $ 74,699 $ 72,344 Fixed Assets Depreciation and amortization expense for the three months ended September 30, 2022 and 2021 was $1.3 million and $1.3 million, respectively, and for the nine months ended September 30, 2022 and 2021 it was $3.8 million, and $8.7 million, respectively.

Borrowings

Borrowings	9 Months Ended
	Sep. 30, 2022
Debt Disclosure [Abstract]
Borrowings	Borrowings The following table presents information regarding the Company's Secured Financing facilities: September 30, 2022 December 31, 2021 Variable Interest Entity Facility Amount Maturity Date (1) Interest Rate Balance Balance (in thousands) Oportun CCW Trust (1) $ 150,000 December 1, 2023 Variable (1) $ 76,456 $ 40,108 Oportun PLW Trust 600,000 September 1, 2024 LIBOR (minimum of 0.00%) + 2.17% 288,691 353,781 Total secured financing $ 750,000 $ 365,147 $ 393,889 (1) The interest rate on the Secured Financing - CCW facility is LIBOR (minimum of 1.00%) plus 6.00% on the first $18.8 million of principal outstanding and LIBOR (minimum of 0.00%) plus 3.41% on the remaining outstanding principal balance. The following table presents information regarding asset-backed notes: September 30, 2022 Variable Interest Entity Initial note amount issued (1) Initial collateral balance (2) Current balance (1) Current collateral balance (2) Weighted average interest rate (3) Original revolving period (4) (in thousands) Asset-backed notes recorded at fair value: Oportun Issuance Trust (Series 2022-2) $ 400,000 $ 410,212 $ 370,417 $ 401,227 6.92 % N/A Oportun Issuance Trust (Series 2022-A) 400,000 410,211 385,560 414,425 5.44 % 2 years Oportun Issuance Trust (Series 2021-C) 500,000 512,762 440,585 519,928 2.48 % 3 years Oportun Issuance Trust (Series 2021-B) 500,000 512,759 444,519 520,100 2.05 % 3 years Oportun Funding XIV, LLC (Series 2021-A) 375,000 383,632 347,743 390,433 1.79 % 2 years Oportun Funding XIII, LLC (Series 2019-A) 279,412 294,118 249,507 287,753 3.46 % 3 years Total asset-backed notes recorded at fair value $ 2,454,412 $ 2,523,694 $ 2,238,331 $ 2,533,866 December 31, 2021 Variable Interest Entity Initial note amount issued (1) Initial collateral balance (2) Current balance (1) Current collateral balance (2) Weighted average interest rate ( 3) Original revolving period (in thousands) Asset-backed notes recorded at fair value: Oportun Issuance Trust (Series 2021-C) $ 500,000 $ 512,762 $ 497,774 $ 525,436 2.48 % 3 years Oportun Issuance Trust (Series 2021-B) 500,000 512,759 498,487 521,174 2.05 % 3 years Oportun Funding XIV, LLC (Series 2021-A) 375,000 383,632 374,363 391,325 1.79 % 2 years Oportun Funding XIII, LLC (Series 2019-A) 279,412 294,118 281,082 299,310 3.46 % 3 years Total asset-backed notes recorded at fair value $ 1,654,412 $ 1,703,271 $ 1,651,706 $ 1,737,245 (1) Initial note amount issued includes notes retained by the Company as applicable. The current balances are measured at fair value for asset-backed notes recorded at fair value. (2) Includes the unpaid principal balance of loans receivable, the balance of required reserve funds, cash, cash equivalents and restricted cash pledged by the Company. (3) Weighted average interest rate excludes notes retained by the Company. There were no notes retained by the Company as of September 30, 2022. The weighted average interest rate for Series 2022-2 will change over time as the notes pay sequentially (in class priority order). (4) The revolving period for Series 2019-A ended on August 1, 2022 and the asset-backed notes have been amortizing since then. Series 2022-2 is an amortizing deal with no revolving period. The following table presents information regarding the Company's Acquisition and Corporate Financings: September 30, 2022 December 31, 2021 Entity Original Balance (1) Maturity Date Interest Rate (2) Balance Balance (in thousands) Oportun Financial Corporation $ 150,000 September 14, 2026 SOFR (minimum of 0.00% + 9.00% $ 141,701 $ — Oportun RF, LLC 116,000 October 1, 2024 SOFR (minimum of 0.00%) + 8.00% 100,137 114,092 Total acquisition and corporate financing $ 266,000 $ 241,838 $ 114,092 (1) The Acquisition Financing Facility (Oportun RF, LLC) was amended on May 24, 2022 and upsized for an additional $20.9 million and was amended again on July 28, 2022 and upsized for an additional $9.1 million. (2) The interest rate on the Acquisition Financing Facility (Oportun RF, LLC) was LIBOR (minimum of 0.00%) plus 8.00% as of December 31, 2021. On May 24, 2022 the Company completed the issuance of $400.0 million of two-year asset-backed notes in a private asset-backed securitization secured by a pool of its unsecured and secured personal installment loans (the “2022-A Securitization”). The 2022-A Securitization included four classes of fixed rate notes: Class A, Class B, Class C and Class D notes. The Class A, Class B and Class C notes were priced with a weighted average yield of 5.68% per annum. The Class D notes were initially retained by an affiliate of the Company and subsequently sold to third parties on July 28, 2022. Also on May 24, 2022, pursuant to an amended indenture, Oportun RF, LLC, a wholly owned subsidiary of the Company issued an additional $20.9 million asset-backed floating rate variable funding note, and an asset-backed residual certificate, both of which were initially secured by Class D Notes and residual cash flows from the Company's 2022-A Securitization and guaranteed by Oportun, Inc. The amendment also replaced the Acquisition Financing interest rate based on LIBOR with an interest rate based on the secured overnight financing rate (“SOFR”). The notes bear interest at a rate of SOFR plus 8.00%. The amendment did not modify the maturity date of the Acquisition Financing facility, it is still scheduled to pay down based on an amortization schedule with a final payment in October 2024. On July 28, 2022, Oportun RF, LLC further amended the indenture to incorporate the transfer of certain residual certificates and notes from and to Oportun RF, LLC and increasing the size of the Acquisition Financing facility to $119.5 million. On July 22, 2022 the Company completed the issuance of $400.0 million of Series 2022-2 fixed rate asset-backed notes in a private asset-backed securitization transaction secured by a pool of unsecured and secured installment loans. The notes were priced with a weighted average yield of 8.00% per annum and weighted average interest rate over the term of the transaction of 7.77% per annum. On September 14, 2022, the Company entered into a credit agreement to borrow $150.0 million of a senior secured term loan (the “Corporate Financing”). The term loan bears interest, payable in cash, at an amount equal to 1-month term SOFR plus 9.00%. The term loan is scheduled to mature on September 14, 2026, and is not subject to amortization. Certain prepayments of the term loan is subject to a prepayment premium. The obligations under the credit agreement are secured by the assets of the Company and certain of its subsidiaries guaranteeing the term loan, including pledges of the equity interests of certain subsidiaries that are directly or indirectly owned by the Company, subject to customary exceptions. On November 3, 2022, the Company completed the issuance of $300 million of Series 2022-3 fixed rate asset-backed notes in a private asset-backed securitization transaction secured by a pool of unsecured and secured installment loans. The notes were priced with a weighted average yield of 10.94% per annum and weighted average interest rate of 9.51% per annum. As of September 30, 2022, and December 31, 2021, the Company was in compliance with all covenants and requirements of the Secured Financing, Acquisition and Corporate Financing facilities and asset-backed notes.

Other Liabilities

Other Liabilities	9 Months Ended
	Sep. 30, 2022
Other Liabilities Disclosure [Abstract]
Other Liabilities	Other Liabilities Other liabilities consist of the following: September 30, December 31, (in thousands) 2022 2021 Accounts payable $ 3,470 $ 8,343 Accrued compensation 11,300 36,417 Accrued expenses 30,332 36,464 Accrued interest 7,842 3,276 Amount due to whole loan buyer 2,585 14,062 Deferred tax liabilities 39,568 28,424 Current tax liabilities and other 10,319 8,372 Total other liabilities $ 105,416 $ 135,358

Stockholders' Equity

Stockholders' Equity	9 Months Ended
	Sep. 30, 2022
Equity [Abstract]
Stockholders' Equity	Stockholders' Equity Preferred Stock - The Board has the authority, without further action by the Company's stockholders, to issue up to 100,000,000 shares of undesignated preferred stock with rights and preferences, including voting rights, designated from time to time by the Board. There were no shares of undesignated preferred stock issued or outstanding as of September 30, 2022 or December 31, 2021. Common Stock - As of September 30, 2022 and December 31, 2021, the Company was authorized to issue 1,000,000,000 shares of common stock with a par value of $0.0001 per share. As of September 30, 2022, 33,460,161 and 33,188,138 shares were issued and outstanding, respectively, and 272,023 shares were held in treasury stock. As of December 31, 2021, 32,276,419 and 32,004,396 shares were issued and outstanding, respectively, and 272,023 shares were held in treasury stock.

Equity Compensation and Other B

Equity Compensation and Other Benefits	9 Months Ended
	Sep. 30, 2022
Share-Based Payment Arrangement [Abstract]
Equity Compensation and Other Benefits	Equity Compensation and Other BenefitsThe Company's stock-based plans are described and informational disclosures are provided in the Notes to the Consolidated Financial Statements included in the Annual Report. Stock-based Compensation - Total stock-based compensation expense included in the Condensed Consolidated Statements of Operations (Unaudited), net of amounts capitalized to system development costs is as follows: Three Months Ended September 30, Nine Months Ended September 30, (in thousands) 2022 2021 2022 2021 Technology and facilities $ 1,739 $ 736 $ 5,175 $ 2,231 Sales and marketing 37 36 106 105 Personnel 5,274 3,826 15,471 12,206 Total stock-based compensation (1) $ 7,050 $ 4,598 $ 20,752 $ 14,542 (1) Amounts shown are net of $0.6 million and $2.0 million of capitalized stock-based compensation for the three and nine months ended September 30, 2022, respectively, and net of $0.3 million and $0.8 million of capitalized stock-based compensation for the three and nine months ended September 30, 2021, respectively. As of September 30, 2022, and December 31, 2021, the Company’s total unrecognized compensation cost related to nonvested stock-based option awards granted to employees was $7.2 million and $6.9 million, respectively, which will be recognized over a weighted-average vesting period of approximately 2.7 years and 2.2 years, respectively. As of September 30, 2022 and December 31, 2021, the Company's total unrecognized compensation cost related to nonvested restricted stock unit awards granted to employees was $58.5 million and $54.1 million, respectively, which will be recognized over a weighted average vesting period of approximately 2.9 years and 2.6 years, respectively. Cash flows from the tax shortfalls or benefits for tax deductions resulting from the exercise of stock options in comparison to the compensation expense recorded for those options are required to be classified as cash from financing activities. The total income tax expense recognized in the income statement for stock-based compensation arrangements for the three and nine months ended September 30, 2022 was $1.4 million and $2.4 million, respectively. The total income tax expense recognized in the income statement for stock-based compensation arrangements for the three and nine months ended September 30, 2021 was $0.3 million and $0.2 million, respectively.

Revenue

Revenue	9 Months Ended
	Sep. 30, 2022
Revenue from Contract with Customer [Abstract]
Revenue	Revenue Interest Income - Total interest income included in the Condensed Consolidated Statements of Operations (Unaudited) is as follows: Three Months Ended September 30, Nine Months Ended September 30, (in thousands) 2022 2021 2022 2021 Interest income Interest on loans $ 226,103 $ 143,582 $ 615,394 $ 396,544 Fees on loans 6,012 1,862 16,613 4,680 Total interest income 232,115 145,444 632,007 401,224 Non-interest Income - Total non-interest income included in the Condensed Consolidated Statements of Operations (Unaudited) is as follows: Three Months Ended September 30, Nine Months Ended September 30, (in thousands) 2022 2021 2022 2021 Non-interest income Gain (loss) on loan sales $ (6) $ 7,328 $ 5,708 $ 17,083 Servicing fees 5,266 3,250 15,544 9,291 Other income 12,701 3,062 37,339 5,053 Total non-interest income $ 17,961 $ 13,640 $ 58,591 $ 31,427

Income Taxes

Income Taxes	9 Months Ended
	Sep. 30, 2022
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes For the three and nine months ended September 30, 2022 and 2021, the Company calculates its year-to-date income tax expense (benefit) by applying the estimated annual effective tax rate to the year-to-date income from operations before income taxes and adjusts the income tax expense (benefit) for discrete tax items recorded in the period. During the three and nine months ended September 30, 2022, the Company recorded income tax expense (benefit) of $(6.5) million and $2.0 million, respectively, related to continuing operations, representing an effective income tax rate of 5.8% and (2.9)%, respectively. Income tax expense for the three and nine months ended September 30, 2021 was $5.1 million and $8.7 million, respectively, representing an effective income tax rate of 18.3% and 20.7%, respectively. Income tax expense decreased by $11.7 million or 227%, from $5.1 million for the three months ended September 30, 2021 to $6.5 million benefit for the three months ended September 30, 2022, primarily resulting from having lower pretax income and discrete tax benefits for the three months ended September 30, 2022. Income tax expense decreased by $6.7 million or 77%, from $8.7 million for the nine months ended September 30, 2021 to $2.0 million for the nine months ended September 30, 2022, primarily as a result of the discrete tax benefit of the return-to-provision adjustments for the nine months ended September 30, 2022. The Company's effective tax rates for the three and nine months ended September 30, 2022 and 2021 differ from the statutory tax rates primarily due to the impacts of the non-deductible goodwill impairment, return-to-provision adjustments associated with tax optimization and planning, a one-time exercise of stock-based awards, and research and development tax credits.

Fair Value of Financial Instrum

Fair Value of Financial Instruments	9 Months Ended
	Sep. 30, 2022
Fair Value Disclosures [Abstract]
Fair Value of Financial Instruments	Fair Value of Financial Instruments Financial Instruments at Fair Value The table below compares the fair value of loans receivable and asset-backed notes to their contractual balances for the periods shown: September 30, 2022 December 31, 2021 (in thousands) Unpaid Principal Balance Fair Value Unpaid Principal Balance Fair Value Assets Loans receivable $ 2,969,656 $ 2,991,334 $ 2,272,864 $ 2,386,807 Liabilities Asset-backed notes 2,408,362 2,238,331 1,654,412 1,651,706 The Company calculates the fair value of the asset-backed notes using independent pricing services and broker price indications, which are based on quoted prices for identical or similar notes, which are Level 2 input measures. The Company primarily uses a discounted cash flow model to estimate the fair value of Level 3 instruments based on the present value of estimated future cash flows. This model uses inputs that are inherently judgmental and reflect management’s best estimates of the assumptions a market participant would use to calculate fair value. The following tables present quantitative information about the significant unobservable inputs used for the Company’s Level 3 fair value measurements for Loans Receivable at Fair Value. September 30, 2022 December 31, 2021 Minimum Maximum Weighted Average (3) Minimum Maximum Weighted Average Remaining cumulative charge-offs (1) 5.02% 51.04% 11.67% 6.75% 51.86% 9.60% Remaining cumulative prepayments (1)(2) — 39.05% 31.08% — 44.25% 32.47% Principal payment rate (1)(2) —% —% 15.83% —% —% 18.07% Average life (years) 0.11 1.51 0.92 0.22 1.51 0.86 Discount rate 10.10% 12.11% 10.19% 6.90% 8.35% 6.94% (1) Figure disclosed as a percentage of outstanding principal balance. (2) Remaining cumulative prepayments are estimated to calculate fair value on the unsecured and secured loan receivables and principal payment rates are estimated on the credit card receivables. (3) Unobservable inputs were weighted by outstanding principal balance, which are grouped by risk (type of customer, original loan maturity terms). Fair value adjustments related to financial instruments where the fair value option has been elected are recorded through earnings for the nine months ended September 30, 2022 and 2021. Certain unobservable inputs may (in isolation) have either a directionally consistent or opposite impact on the fair value of the financial instrument for a given change in that input. When multiple inputs are used within the valuation techniques for loans, a change in one input in a certain direction may be offset by an opposite change from another input. The Company developed internal models to estimate the fair value of loans receivable held for investment. To generate future expected cash flows, the models combine receivable characteristics with assumptions about borrower behavior based on the Company’s historical loan performance. These cash flows are then discounted using a required rate of return that management estimates would be used by a market participant. The Company tested the fair value models by comparing modeled cash flows to historical loan performance to ensure that the models were complete, accurate and reasonable for the Company’s use. The Company also engaged a third party to create an independent fair value estimate for substantially all Loans Receivable at Fair Value, which provides a set of fair value marks using the Company’s historical loan performance data and whole loan sale prices to develop independent forecasts of borrower behavior. Their model generates expected cash flows which were then aggregated and compared to the Company’s actual cash flows within an acceptable range. The Company's internal valuation committee provides governance and oversight over the fair value pricing calculations and related financial statement disclosures. Additionally, this committee provides a challenge of the assumptions used and outputs of the model, including the appropriateness of such measures and periodically reviews the methodology and process to determine the fair value pricing. Any significant changes to the process must be approved by the committee. The table below presents a reconciliation of Loans Receivable at Fair Value on a recurring basis using significant unobservable inputs: Three Months Ended September 30, Nine Months Ended September 30, (in thousands) 2022 2021 2022 2021 Balance – beginning of period $ 2,854,594 $ 1,726,914 $ 2,386,807 $ 1,696,526 Principal disbursements 710,002 578,084 2,429,837 1,266,556 Principal payments from customers (453,054) (317,489) (1,525,126) (941,747) Gross charge-offs (79,485) (29,096) (207,919) (102,293) Net increase (decrease) in fair value (40,723) 12,962 (92,265) 52,333 Balance – end of period $ 2,991,334 $ 1,971,375 $ 2,991,334 $ 1,971,375 As of September 30, 2022, the aggregate fair value of loans that are 90 days or more past due and in non-accrual status was $7.0 million, and the aggregate unpaid principal balance for loans that are 90 days or more past due was $39.2 million. As of December 31, 2021, the aggregate fair value of loans that are 90 days or more past due and in non-accrual status was $3.5 million, and the aggregate unpaid principal balance for loans that are 90 days or more past due was $20.7 million. Financial Instruments Disclosed But Not Carried at Fair Value The following table presents the carrying value and estimated fair values of financial assets and liabilities disclosed but not carried at fair value and the level within the fair value hierarchy: September 30, 2022 Carrying value Estimated fair value Estimated fair value (in thousands) Level 1 Level 2 Level 3 Assets Cash and cash equivalents $ 175,857 $ 175,857 $ 175,857 $ — $ — Restricted cash 96,350 96,350 96,350 — — Liabilities Accounts payable 3,470 3,470 3,470 — — Secured financing (Note 9) 368,000 359,406 — 359,406 — Acquisition and corporate financing (Note 9) 254,764 250,997 — 250,997 — December 31, 2021 Carrying value Estimated fair value Estimated fair value (in thousands) Level 1 Level 2 Level 3 Assets Cash and cash equivalents $ 130,959 $ 130,959 $ 130,959 $ — $ — Restricted cash 62,001 62,001 62,001 — — Loans held for sale (Note 5) 491 547 — — 547 Liabilities Accounts payable 8,343 8,343 8,343 — — Secured financing (Note 9) 398,000 396,081 — 396,081 — Acquisition and corporate financing (Note 9) 116,000 116,000 — 116,000 — The Company uses the following methods and assumptions to estimate fair value: • Cash, cash equivalents, restricted cash and accounts payable ‑ The carrying values of certain of the Company’s financial instruments, including cash and cash equivalents, restricted cash and accounts payable, approximate Level 1 fair values of these financial instruments due to their short-term nature. • Loans held for sale ‑ The fair values of loans held for sale are based on a negotiated agreement with the purchaser. • Secured financing and acquisition and corporate financing ‑ The fair values of the secured financing and acquisition and corporate financing facilities have been calculated using discount rates equivalent to the weighted-average market yield of comparable debt securities, which is a Level 2 input measure. There were no transfers in or out of Level 3 assets and liabilities for the three and nine months ended September 30, 2022 and 2021 and the year ended December 31, 2021.

Leases, Commitments and Conting

Leases, Commitments and Contingencies	9 Months Ended
	Sep. 30, 2022
Commitments and Contingencies Disclosure [Abstract]
Leases, Commitments and Contingencies	Leases, Commitments and Contingencies Leases - The Company’s leases are primarily for real property consisting of retail locations and office space and have remaining lease terms of 10 years or less. During the first quarter of 2022, we made the decision to close an additional 27 retail locations in April 2022. These activities were substantially complete through the second quarter of 2022 and as such we incurred no additional expenses related to the accelerated amortization of right of use assets for the three months ended September 30, 2022. We incurred in $1.4 million in expenses related to the accelerated amortization of right of use assets for the nine months ended September 30, 2022. The Company has elected the practical expedient to keep leases with terms of 12 months or less off the balance sheet as no recognition of a lease liability and a right-of-use asset is required. Operating lease expense is recognized on a straight-line basis over the lease term in "Technology and facilities" in the Condensed Consolidated Statements of Operations (Unaudited). All of the Company’s existing lease arrangements are classified as operating leases. At the inception of a contract, the Company determines if the contract is or contains a lease. At the commencement date of a lease, the Company recognizes a lease liability equal to the present value of the lease payments and a right-of-use asset representing the Company's right to use the underlying asset for the duration of the lease term. The Company’s leases include options to extend or terminate the arrangement at the end of the original lease term. The Company generally does not include renewal or termination options in its assessment of the leases unless extension or termination for certain assets is deemed to be reasonably certain. Variable lease payments and short-term lease costs were deemed immaterial. The Company’s leases do not provide an explicit rate. The Company uses its contractual borrowing rate to determine lease discount rates. As of September 30, 2022, maturities of lease liabilities, excluding short-term leases and leases on a month-to-month basis, were as follows: (in thousands) Operating Leases Lease expense 2022 (remaining three months) $ 3,721 2023 13,678 2024 11,700 2025 9,713 2026 3,705 2027 812 Thereafter 14 Total lease payments 43,343 Imputed interest (3,194) Total leases $ 40,149 Sublease income Total sublease income $ — Net lease liabilities $ 40,149 Weighted average remaining lease term 3.4 years Weighted average discount rate 3.97 % As of December 31, 2021, maturities of lease liabilities, excluding short-term leases and leases on a month-to-month basis, were as follows: (in thousands) Operating Leases Lease expense 2022 14,927 2023 13,214 2024 11,142 2025 9,238 2026 3,387 Thereafter 706 Total lease payments 52,614 Imputed interest (4,030) Total leases 48,584 Sublease income 2022 (896) 2023 and thereafter — Total lease payments (896) Imputed interest 11 Total sublease income (885) Net lease liabilities 47,699 Weighted average remaining lease term 3.9 years Weighted average discount rate 4.01 % Purchase Commitments ‑ The Company has commitments to purchase information technology and communication services in the ordinary course of business, with various terms through 2026. These amounts are not reflective of the Company’s entire anticipated purchases under the related agreements; rather, they are determined based on the non-cancelable amounts to which the Company is contractually obligated. The Company’s purchase obligations are $9.1 million for the remainder of 2022, $23.4 million in 2023, $13.1 million in 2024, $4.8 million in 2025 and $2.0 million in 2026 and thereafter. Bank Partnership Program and Servicing Agreement - The Company entered into a bank partnership program with Pathward, N.A. (formerly known as MetaBank, N.A.) on August 11, 2020. In accordance with the agreements underlying the bank partnership program, Oportun has a commitment to purchase an increasing percentage of program loans originated by Pathward based on thresholds specified in the agreements. Lending under the partnership was launched in August of 2021 and as of September 30, 2022, the Company has a commitment to purchase an additional $0.2 million of program loans based on originations through September 30, 2022. Whole Loan Sale Program ‑ Through March 4, 2022, the Company had a commitment to sell to a third-party institutional investor 10% of its unsecured loan originations that satisfy certain eligibility criteria, and an additional 5% at the Company’s sole option. The Company chose not to renew the arrangement and allowed the agreement to expire on its terms on March 4, 2022. For details regarding the whole loan sale program, refer to Note 5, Loans Held for Sale and Loans Sold . Unfunded Loan and Credit Card Commitments - Unfunded loan and credit card commitments at September 30, 2022 and December 31, 2021 were $49.9 million and $39.8 million, respectively. WebBank has a direct obligation to borrowers to fund such credit card commitments subject to the respective account agreements with such borrowers; however, pursuant to the Receivables Purchase Agreement between WebBank and Oportun, Inc., the Company has the obligation to purchase receivables from WebBank representing these unfunded amounts. Litigation Legal Proceedings Resolved in 2021 For legal proceedings resolved in 2021, please refer to Note 16 of the Notes to the Consolidated Financial Statements in the Company's Form 10-K filed on March 1, 2022. Regulatory Proceedings On March 3, 2021, the Company received a Civil Investigative Demand (CID) from the CFPB. The stated purpose of the CID is to determine whether small-dollar lenders or associated persons, in connection with lending and debt-collection practices, have failed to comply with certain federal consumer protection laws over which the CFPB has jurisdiction. The Company received additional information requests related to the CID. The information requests are focused on the Company's legal collection practices from 2019 to 2021 and hardship treatments offered to members during the COVID-19 pandemic. On September 15, 2022, the Company received a Notice and Opportunity to Respond and Advise (“NORA”) letter from the staff of the CFPB in connection with the CID, stating that it is considering whether to recommend that the CFPB take legal action against the Company based on alleged violations focused on the Company's failure to timely dismiss certain lawsuits and the hardship treatments offered during the COVID-19 pandemic, including credit reporting related thereto. On October 14, 2022, the Company provided the CFPB with its written response to the NORA letter disputing the allegations. The Company is cooperating fully with the CFPB with respect to this matter and the Company believes that its business practices have been in full compliance with applicable laws. Because the CFPB has broad authority to determine what it views as potentially unfair, deceptive or abusive acts or practices, at this time, the Company is unable to predict the ultimate outcome of this matter. Digit received a CID from the CFPB in June 2020. The CID was disclosed and discussed during the acquisition process. The stated purpose of the CID is to determine whether Digit, in connection with offering its products or services, misrepresented the terms, conditions, or costs of the products or services in a manner that is unfair, deceptive, or abusive. While the Company believes that the business practices of the Company, including Digit, have been in full compliance with applicable laws, in the interest of resolving this matter, on August 11, 2022, Digit agreed to a consent order with the CFPB resolving such CID. In connection with such consent order, Digit agreed to implement a redress and compliance plan to pay at least $68,145 in consumer redress to consumers who may have been harmed and paid a $2.7 million civil penalty to the CFPB. The Company had previously established a reserve for the redress and civil penalty in the second quarter of 2022 . From time to time, the Company may bring or be subject to other legal proceedings and claims in the ordinary course of business, including legal proceedings with third parties asserting infringement of their intellectual property rights, consumer litigation, and regulatory proceedings. The Company is not presently a party to any other legal proceedings that, if determined adversely to the Company, would individually or taken together have a material adverse effect on its business, financial condition, cash flows or results of operations. See Part II. Item 1. Legal Proceedings for additional information regarding legal proceedings in which the Company is involved.

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	9 Months Ended
	Sep. 30, 2022
Accounting Policies [Abstract]
Basis of Presentation	Basis of Presentation ‑ The accompanying condensed consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America ("GAAP"). These statements are unaudited and reflect all normal, recurring adjustments that are, in management's opinion, necessary for the fair presentation of results. The condensed consolidated financial statements include the accounts of the Company and its wholly owned subsidiaries. All intercompany accounts and transactions have been eliminated in consolidation. Certain prior-period financial information has been reclassified to conform to current period presentation. Certain information and note disclosures normally included in the financial statements prepared in accordance with GAAP have been condensed or omitted pursuant to such rules and regulations. As such, the information included in this Quarterly Report on Form 10-Q should be read in conjunction with the audited consolidated financial statements and the related notes thereto included in the Company's Annual Report on Form 10-K for the year ended December 31, 2021 (the "Annual Report"), filed with the Securities and Exchange Commission ("SEC") on March 1, 2022.
Use of Estimates	Use of Estimates ‑ The preparation of the condensed consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the condensed consolidated financial statements, and the reported amounts of income and expenses during the reporting period. These estimates are based on information available as of the date of the condensed consolidated financial statements; therefore, actual results could differ from those estimates and assumptions.
Recently Adopted Accounting Standards	Recently Adopted Accounting Standards None.
Fair Value of Financial Instruments	Fair value adjustments related to financial instruments where the fair value option has been elected are recorded through earnings for the nine months ended September 30, 2022 and 2021. Certain unobservable inputs may (in isolation) have either a directionally consistent or opposite impact on the fair value of the financial instrument for a given change in that input. When multiple inputs are used within the valuation techniques for loans, a change in one input in a certain direction may be offset by an opposite change from another input. The Company developed internal models to estimate the fair value of loans receivable held for investment. To generate future expected cash flows, the models combine receivable characteristics with assumptions about borrower behavior based on the Company’s historical loan performance. These cash flows are then discounted using a required rate of return that management estimates would be used by a market participant. The Company tested the fair value models by comparing modeled cash flows to historical loan performance to ensure that the models were complete, accurate and reasonable for the Company’s use. The Company also engaged a third party to create an independent fair value estimate for substantially all Loans Receivable at Fair Value, which provides a set of fair value marks using the Company’s historical loan performance data and whole loan sale prices to develop independent forecasts of borrower behavior. Their model generates expected cash flows which were then aggregated and compared to the Company’s actual cash flows within an acceptable range. The Company's internal valuation committee provides governance and oversight over the fair value pricing calculations and related financial statement disclosures. Additionally, this committee provides a challenge of the assumptions used and outputs of the model, including the appropriateness of such measures and periodically reviews the methodology and process to determine the fair value pricing. Any significant changes to the process must be approved by the committee.
Short-term Leases	The Company has elected the practical expedient to keep leases with terms of 12 months or less off the balance sheet as no recognition of a lease liability and a right-of-use asset is required. Operating lease expense is recognized on a straight-line basis over the lease term in "Technology and facilities" in the Condensed Consolidated Statements of Operations (Unaudited).

Earnings (Loss) per Share (Tabl

Earnings (Loss) per Share (Tables)	9 Months Ended
	Sep. 30, 2022
Earnings Per Share [Abstract]
Schedule of Basic and Diluted Earnings (Loss) Per Share	Basic and diluted earnings (loss) per share are calculated as follows: Three Months Ended September 30, Nine Months Ended September 30, (in thousands, except share and per share data) 2022 2021 2022 2021 Net income (loss) $ (105,827) $ 22,979 $ (69,321) $ 33,248 Net income (loss) attributable to common stockholders $ (105,827) $ 22,979 $ (69,321) $ 33,248 Basic weighted-average common shares outstanding 33,010,107 28,167,686 32,688,988 27,982,273 Weighted average effect of dilutive securities: Stock options — 1,451,687 — 1,351,288 Restricted stock units — 884,400 — 726,114 Diluted weighted-average common shares outstanding 33,010,107 30,503,773 32,688,988 30,059,675 Earnings (loss) per share: Basic $ (3.21) $ 0.82 $ (2.12) $ 1.19 Diluted $ (3.21) $ 0.75 $ (2.12) $ 1.11
Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share	The following common share equivalent securities have been excluded from the calculation of diluted weighted-average common shares outstanding because the effect is anti-dilutive for the periods presented: Three Months Ended September 30, Nine Months Ended September 30, 2022 2021 2022 2021 Stock options 3,456,494 1,597,130 3,596,792 2,229,446 Restricted stock units 4,696,244 — 4,285,771 15,102 Total anti-dilutive common share equivalents 8,152,738 1,597,130 7,882,563 2,244,548

Variable Interest Entities (Tab

Variable Interest Entities (Tables)	9 Months Ended
	Sep. 30, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Schedule of Variable Interest Entities	The following table represents the assets and liabilities of consolidated VIEs recorded on the Company’s Condensed Consolidated Balance Sheets (Unaudited): September 30, December 31, (in thousands) 2022 2021 Consolidated VIE assets Restricted cash $ 82,712 $ 41,803 Loans receivable at fair value 2,924,567 2,267,205 Interest and fee receivable 29,748 19,869 Total VIE assets 3,037,027 2,328,877 Consolidated VIE liabilities Secured financing (1) 368,000 398,000 Asset-backed notes at fair value 2,238,331 1,651,706 Acquisition financing (1) 104,764 116,000 Total VIE liabilities $ 2,711,095 $ 2,165,706 (1) Amounts exclude deferred financing costs. See Note 9, Borrowings for additional information.

Capitalized Software, Other I_2

Capitalized Software, Other Intangibles, and Goodwill (Tables)	9 Months Ended
	Sep. 30, 2022
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Capitalization	Capitalized software, net consists of the following: September 30, December 31, (in thousands) 2022 2021 Capitalized software, net: System development costs $ 122,998 $ 84,550 Acquired developed technology 48,500 48,500 Less: Accumulated amortization (70,104) (45,433) Total capitalized software, net $ 101,394 $ 87,617
Schedule of Acquired Intangible Assets	The gross carrying amount and accumulated amortization, in total and by major intangible asset class are as follows: September 30, December 31, (in thousands) 2022 2021 Intangible assets: Member relationships $ 34,500 $ 34,500 Trademarks 6,426 6,364 Other 3,000 3,000 Less: Accumulated amortization (6,251) (300) Total intangible assets, net $ 37,675 $ 43,564
Schedule of Future Amortization Expense	Expected future amortization expense for intangible assets as of September 30, 2022 is as follows: (in thousands) Fiscal Years 2022 (remaining three months) $ (1,998) 2023 (7,950) 2024 (7,798) 2025 (4,929) 2026 (4,929) 2027 (4,929) Thereafter (4,780) Total $ (37,313)
Schedule of Goodwill	The following table represents the changes in goodwill since December 31, 2021: (in thousands) Goodwill Balance as of December 31, 2021 $ 104,014 Measurement adjustments during period 4,458 Impairment (108,472) Balance as of September 30, 2022 $ —

Other Assets (Tables)

Other Assets (Tables)	9 Months Ended
	Sep. 30, 2022
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Schedule of Other Assets	Other assets consist of the following: September 30, December 31, (in thousands) 2022 2021 Fixed assets Total fixed assets $ 45,794 $ 44,100 Less: Accumulated depreciation (36,352) (34,185) Total fixed assets, net $ 9,442 $ 9,915 Other Assets Loans held for sale 42 491 Prepaid expenses 25,057 25,355 Deferred tax assets 1,869 3,923 Current tax assets 17,978 13,330 Other 20,311 19,330 Total other assets $ 74,699 $ 72,344

Borrowings (Tables)

Borrowings (Tables)	9 Months Ended
	Sep. 30, 2022
Debt Disclosure [Abstract]
Schedule of Borrowings	The following table presents information regarding the Company's Secured Financing facilities: September 30, 2022 December 31, 2021 Variable Interest Entity Facility Amount Maturity Date (1) Interest Rate Balance Balance (in thousands) Oportun CCW Trust (1) $ 150,000 December 1, 2023 Variable (1) $ 76,456 $ 40,108 Oportun PLW Trust 600,000 September 1, 2024 LIBOR (minimum of 0.00%) + 2.17% 288,691 353,781 Total secured financing $ 750,000 $ 365,147 $ 393,889 (1) The interest rate on the Secured Financing - CCW facility is LIBOR (minimum of 1.00%) plus 6.00% on the first $18.8 million of principal outstanding and LIBOR (minimum of 0.00%) plus 3.41% on the remaining outstanding principal balance. The following table presents information regarding asset-backed notes: September 30, 2022 Variable Interest Entity Initial note amount issued (1) Initial collateral balance (2) Current balance (1) Current collateral balance (2) Weighted average interest rate (3) Original revolving period (4) (in thousands) Asset-backed notes recorded at fair value: Oportun Issuance Trust (Series 2022-2) $ 400,000 $ 410,212 $ 370,417 $ 401,227 6.92 % N/A Oportun Issuance Trust (Series 2022-A) 400,000 410,211 385,560 414,425 5.44 % 2 years Oportun Issuance Trust (Series 2021-C) 500,000 512,762 440,585 519,928 2.48 % 3 years Oportun Issuance Trust (Series 2021-B) 500,000 512,759 444,519 520,100 2.05 % 3 years Oportun Funding XIV, LLC (Series 2021-A) 375,000 383,632 347,743 390,433 1.79 % 2 years Oportun Funding XIII, LLC (Series 2019-A) 279,412 294,118 249,507 287,753 3.46 % 3 years Total asset-backed notes recorded at fair value $ 2,454,412 $ 2,523,694 $ 2,238,331 $ 2,533,866 December 31, 2021 Variable Interest Entity Initial note amount issued (1) Initial collateral balance (2) Current balance (1) Current collateral balance (2) Weighted average interest rate ( 3) Original revolving period (in thousands) Asset-backed notes recorded at fair value: Oportun Issuance Trust (Series 2021-C) $ 500,000 $ 512,762 $ 497,774 $ 525,436 2.48 % 3 years Oportun Issuance Trust (Series 2021-B) 500,000 512,759 498,487 521,174 2.05 % 3 years Oportun Funding XIV, LLC (Series 2021-A) 375,000 383,632 374,363 391,325 1.79 % 2 years Oportun Funding XIII, LLC (Series 2019-A) 279,412 294,118 281,082 299,310 3.46 % 3 years Total asset-backed notes recorded at fair value $ 1,654,412 $ 1,703,271 $ 1,651,706 $ 1,737,245 (1) Initial note amount issued includes notes retained by the Company as applicable. The current balances are measured at fair value for asset-backed notes recorded at fair value. (2) Includes the unpaid principal balance of loans receivable, the balance of required reserve funds, cash, cash equivalents and restricted cash pledged by the Company. (3) Weighted average interest rate excludes notes retained by the Company. There were no notes retained by the Company as of September 30, 2022. The weighted average interest rate for Series 2022-2 will change over time as the notes pay sequentially (in class priority order). (4) The revolving period for Series 2019-A ended on August 1, 2022 and the asset-backed notes have been amortizing since then. Series 2022-2 is an amortizing deal with no revolving period. The following table presents information regarding the Company's Acquisition and Corporate Financings: September 30, 2022 December 31, 2021 Entity Original Balance (1) Maturity Date Interest Rate (2) Balance Balance (in thousands) Oportun Financial Corporation $ 150,000 September 14, 2026 SOFR (minimum of 0.00% + 9.00% $ 141,701 $ — Oportun RF, LLC 116,000 October 1, 2024 SOFR (minimum of 0.00%) + 8.00% 100,137 114,092 Total acquisition and corporate financing $ 266,000 $ 241,838 $ 114,092 (1) The Acquisition Financing Facility (Oportun RF, LLC) was amended on May 24, 2022 and upsized for an additional $20.9 million and was amended again on July 28, 2022 and upsized for an additional $9.1 million. (2) The interest rate on the Acquisition Financing Facility (Oportun RF, LLC) was LIBOR (minimum of 0.00%) plus 8.00% as of December 31, 2021.

Other Liabilities (Tables)

Other Liabilities (Tables)	9 Months Ended
	Sep. 30, 2022
Other Liabilities Disclosure [Abstract]
Schedule of Other Liabilities	Other liabilities consist of the following: September 30, December 31, (in thousands) 2022 2021 Accounts payable $ 3,470 $ 8,343 Accrued compensation 11,300 36,417 Accrued expenses 30,332 36,464 Accrued interest 7,842 3,276 Amount due to whole loan buyer 2,585 14,062 Deferred tax liabilities 39,568 28,424 Current tax liabilities and other 10,319 8,372 Total other liabilities $ 105,416 $ 135,358

Equity Compensation and Other_2

Equity Compensation and Other Benefits (Tables)	9 Months Ended
	Sep. 30, 2022
Share-Based Payment Arrangement [Abstract]
Schedule of Equity Compensation and Other Benefits	Stock-based Compensation - Total stock-based compensation expense included in the Condensed Consolidated Statements of Operations (Unaudited), net of amounts capitalized to system development costs is as follows: Three Months Ended September 30, Nine Months Ended September 30, (in thousands) 2022 2021 2022 2021 Technology and facilities $ 1,739 $ 736 $ 5,175 $ 2,231 Sales and marketing 37 36 106 105 Personnel 5,274 3,826 15,471 12,206 Total stock-based compensation (1) $ 7,050 $ 4,598 $ 20,752 $ 14,542 (1) Amounts shown are net of $0.6 million and $2.0 million of capitalized stock-based compensation for the three and nine months ended September 30, 2022, respectively, and net of $0.3 million and $0.8 million of capitalized stock-based compensation for the three and nine months ended September 30, 2021, respectively.

Revenue (Tables)

Revenue (Tables)	9 Months Ended
	Sep. 30, 2022
Revenue from Contract with Customer [Abstract]
Schedule of Interest Income	Interest Income - Total interest income included in the Condensed Consolidated Statements of Operations (Unaudited) is as follows: Three Months Ended September 30, Nine Months Ended September 30, (in thousands) 2022 2021 2022 2021 Interest income Interest on loans $ 226,103 $ 143,582 $ 615,394 $ 396,544 Fees on loans 6,012 1,862 16,613 4,680 Total interest income 232,115 145,444 632,007 401,224
Schedule of Non-Interest Income	Non-interest Income - Total non-interest income included in the Condensed Consolidated Statements of Operations (Unaudited) is as follows: Three Months Ended September 30, Nine Months Ended September 30, (in thousands) 2022 2021 2022 2021 Non-interest income Gain (loss) on loan sales $ (6) $ 7,328 $ 5,708 $ 17,083 Servicing fees 5,266 3,250 15,544 9,291 Other income 12,701 3,062 37,339 5,053 Total non-interest income $ 17,961 $ 13,640 $ 58,591 $ 31,427

Fair Value of Financial Instr_2

Fair Value of Financial Instruments (Tables)	9 Months Ended
	Sep. 30, 2022
Fair Value Disclosures [Abstract]
Schedule of Fair Value of Loans Receivable and Asset-Backed Notes	The table below compares the fair value of loans receivable and asset-backed notes to their contractual balances for the periods shown: September 30, 2022 December 31, 2021 (in thousands) Unpaid Principal Balance Fair Value Unpaid Principal Balance Fair Value Assets Loans receivable $ 2,969,656 $ 2,991,334 $ 2,272,864 $ 2,386,807 Liabilities Asset-backed notes 2,408,362 2,238,331 1,654,412 1,651,706
Schedule of Quantitative Information About Significant Unobservable Inputs	The following tables present quantitative information about the significant unobservable inputs used for the Company’s Level 3 fair value measurements for Loans Receivable at Fair Value. September 30, 2022 December 31, 2021 Minimum Maximum Weighted Average (3) Minimum Maximum Weighted Average Remaining cumulative charge-offs (1) 5.02% 51.04% 11.67% 6.75% 51.86% 9.60% Remaining cumulative prepayments (1)(2) — 39.05% 31.08% — 44.25% 32.47% Principal payment rate (1)(2) —% —% 15.83% —% —% 18.07% Average life (years) 0.11 1.51 0.92 0.22 1.51 0.86 Discount rate 10.10% 12.11% 10.19% 6.90% 8.35% 6.94% (1) Figure disclosed as a percentage of outstanding principal balance. (2) Remaining cumulative prepayments are estimated to calculate fair value on the unsecured and secured loan receivables and principal payment rates are estimated on the credit card receivables. (3) Unobservable inputs were weighted by outstanding principal balance, which are grouped by risk (type of customer, original loan maturity terms).
Schedule of Reconciliation of Loans Receivable at Fair Value Using Significant Unobservable Inputs	The table below presents a reconciliation of Loans Receivable at Fair Value on a recurring basis using significant unobservable inputs: Three Months Ended September 30, Nine Months Ended September 30, (in thousands) 2022 2021 2022 2021 Balance – beginning of period $ 2,854,594 $ 1,726,914 $ 2,386,807 $ 1,696,526 Principal disbursements 710,002 578,084 2,429,837 1,266,556 Principal payments from customers (453,054) (317,489) (1,525,126) (941,747) Gross charge-offs (79,485) (29,096) (207,919) (102,293) Net increase (decrease) in fair value (40,723) 12,962 (92,265) 52,333 Balance – end of period $ 2,991,334 $ 1,971,375 $ 2,991,334 $ 1,971,375
Schedule of Carry Value and Estimated Fair Values of Financial Assets and Liabilities	The following table presents the carrying value and estimated fair values of financial assets and liabilities disclosed but not carried at fair value and the level within the fair value hierarchy: September 30, 2022 Carrying value Estimated fair value Estimated fair value (in thousands) Level 1 Level 2 Level 3 Assets Cash and cash equivalents $ 175,857 $ 175,857 $ 175,857 $ — $ — Restricted cash 96,350 96,350 96,350 — — Liabilities Accounts payable 3,470 3,470 3,470 — — Secured financing (Note 9) 368,000 359,406 — 359,406 — Acquisition and corporate financing (Note 9) 254,764 250,997 — 250,997 — December 31, 2021 Carrying value Estimated fair value Estimated fair value (in thousands) Level 1 Level 2 Level 3 Assets Cash and cash equivalents $ 130,959 $ 130,959 $ 130,959 $ — $ — Restricted cash 62,001 62,001 62,001 — — Loans held for sale (Note 5) 491 547 — — 547 Liabilities Accounts payable 8,343 8,343 8,343 — — Secured financing (Note 9) 398,000 396,081 — 396,081 — Acquisition and corporate financing (Note 9) 116,000 116,000 — 116,000 —

Leases, Commitments and Conti_2

Leases, Commitments and Contingencies (Tables)	9 Months Ended
	Sep. 30, 2022
Commitments and Contingencies Disclosure [Abstract]
Schedule of Maturities of Lease Liabilities	As of September 30, 2022, maturities of lease liabilities, excluding short-term leases and leases on a month-to-month basis, were as follows: (in thousands) Operating Leases Lease expense 2022 (remaining three months) $ 3,721 2023 13,678 2024 11,700 2025 9,713 2026 3,705 2027 812 Thereafter 14 Total lease payments 43,343 Imputed interest (3,194) Total leases $ 40,149 Sublease income Total sublease income $ — Net lease liabilities $ 40,149 Weighted average remaining lease term 3.4 years Weighted average discount rate 3.97 % As of December 31, 2021, maturities of lease liabilities, excluding short-term leases and leases on a month-to-month basis, were as follows: (in thousands) Operating Leases Lease expense 2022 14,927 2023 13,214 2024 11,142 2025 9,238 2026 3,387 Thereafter 706 Total lease payments 52,614 Imputed interest (4,030) Total leases 48,584 Sublease income 2022 (896) 2023 and thereafter — Total lease payments (896) Imputed interest 11 Total sublease income (885) Net lease liabilities 47,699 Weighted average remaining lease term 3.9 years Weighted average discount rate 4.01 %

Organization and Description _2

Organization and Description of Business (Details)	9 Months Ended
	Sep. 30, 2022 numberOfSegment
Accounting Policies [Abstract]
Number of reportable segments	1

Earnings (Loss) per Share - Ear

Earnings (Loss) per Share - Earnings Per Share Calculation (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended						9 Months Ended
	Sep. 30, 2022	Jun. 30, 2022	Mar. 31, 2022	Sep. 30, 2021	Jun. 30, 2021	Mar. 31, 2021	Sep. 30, 2022	Sep. 30, 2021
Earnings Per Share, Basic, by Common Class, Including Two Class Method [Line Items]
Net income (loss)	$ (105,827)	$ (9,157)	$ 45,663	$ 22,979	$ 7,250	$ 3,019	$ (69,321)	$ 33,248
Net income (loss) attributable to common stockholders	(105,827)			22,979			(69,321)	33,248
Net income (loss) attributable to common stockholders	$ (105,827)			$ 22,979			$ (69,321)	$ 33,248
Basic weighted-average common shares outstanding (in shares)	33,010,107			28,167,686			32,688,988	27,982,273
Weighted average effect of dilutive securities:
Diluted weighted-average common shares outstanding (in shares)	33,010,107			30,503,773			32,688,988	30,059,675
Earnings (loss) per share:
Basic (in USD per share)	$ (3.21)			$ 0.82			$ (2.12)	$ 1.19
Diluted (in USD per share)	$ (3.21)			$ 0.75			$ (2.12)	$ 1.11
Stock options
Weighted average effect of dilutive securities:
Equity compensation (in shares)	0			1,451,687			0	1,351,288
Restricted stock units
Weighted average effect of dilutive securities:
Equity compensation (in shares)	0			884,400			0	726,114

Earnings (Loss) per Share - Ant

Earnings (Loss) per Share - Anti-dilutive Securities (Details) - shares	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Total anti-dilutive common share equivalents (in shares)	8,152,738	1,597,130	7,882,563	2,244,548
Stock options
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Total anti-dilutive common share equivalents (in shares)	3,456,494	1,597,130	3,596,792	2,229,446
Restricted stock units
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Total anti-dilutive common share equivalents (in shares)	4,696,244	0	4,285,771	15,102

Variable Interest Entities (Det

Variable Interest Entities (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021	Sep. 30, 2021
Variable Interest Entity [Line Items]
Restricted cash	$ 96,350	$ 62,001	$ 55,348
Loans receivable at fair value	2,991,334	2,386,807
Interest and fees receivable, net	30,605	20,916
Total assets	3,539,994	2,946,625
Secured financing	365,147	393,889
Asset-backed notes at fair value	2,238,331	1,651,706
Total liabilities	2,990,881	2,342,744
Variable Interest Entity, Primary Beneficiary
Variable Interest Entity [Line Items]
Restricted cash	82,712	41,803
Loans receivable at fair value	2,924,567	2,267,205
Interest and fees receivable, net	29,748	19,869
Total assets	3,037,027	2,328,877
Secured financing	368,000	398,000
Asset-backed notes at fair value	2,238,331	1,651,706
Acquisition financing	104,764	116,000
Total liabilities	$ 2,711,095	$ 2,165,706

Loans Held for Sale and Loans_2

Loans Held for Sale and Loans Sold (Details) - USD ($) $ in Thousands		1 Months Ended	3 Months Ended		9 Months Ended
	Mar. 31, 2022	Apr. 30, 2022	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021	Mar. 04, 2022	Nov. 30, 2014
Marketable Securities [Line Items]
Minimum loans to be sold under whole loan sale agreement (percentage)							10%	10%
Additional loans to be sold under whole loan sale agreement (percentage)							5%	5%
Servicing fees			$ 5,266	$ 3,250	$ 15,544	$ 9,291
Originations of loans sold and held for sale					50,643	136,285
Gain (loss) on loan sales					5,708	17,083
Asset-backed Securities, Securitized Loans and Receivables
Marketable Securities [Line Items]
Amount issued	$ 400,000
Aggregate unpaid principal balance	227,600
Cumulative fair value mark increase (decrease)	15,900
Unpaid interest and fees, net	1,500
Proceeds from securitizations of loans held-for-investment	$ 245,000
Other Loan Sales
Marketable Securities [Line Items]
Cumulative fair value mark increase (decrease)		$ (14,100)	(21,100)
Proceeds from securitizations of loans held-for-investment		2,200	700
Unpaid principal balance including interest and fees		$ 16,300	22,200
Other Loan Sales | Other Assets
Marketable Securities [Line Items]
Servicer fee and whole loan receivables			400		400
Whole Loan Sale Program
Marketable Securities [Line Items]
Servicing fees			$ 5,300	3,300	15,500	9,300
Originations of loans sold and held for sale				61,300	50,600	136,300
Gain (loss) on loan sales				$ 7,300	$ 5,700	$ 17,100

Acquisition (Details)

Acquisition (Details) - Hello Digit, Inc. - USD ($) $ in Millions		3 Months Ended	9 Months Ended
	Dec. 22, 2021	Sep. 30, 2022	Sep. 30, 2022
Business Acquisition [Line Items]
Total consideration	$ 205.3
Acquisition related costs		$ 8.1	$ 22.4

Capitalized Software, Other I_3

Capitalized Software, Other Intangibles, and Goodwill - Schedule of Capitalization (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Acquired Finite-Lived Intangible Assets [Line Items]
Less: Accumulated amortization	$ (70,104)	$ (45,433)
Total capitalized software, net	101,394	87,617
System development costs
Acquired Finite-Lived Intangible Assets [Line Items]
Capitalized software, net:	122,998	84,550
Acquired developed technology
Acquired Finite-Lived Intangible Assets [Line Items]
Capitalized software, net:	$ 48,500	$ 48,500

Capitalized Software, Other I_4

Capitalized Software, Other Intangibles, and Goodwill - Narrative (Details) - USD ($) $ in Thousands		3 Months Ended		9 Months Ended
	Dec. 22, 2021	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021	Dec. 31, 2021
Acquired Finite-Lived Intangible Assets [Line Items]
System development costs		$ 13,800	$ 7,500	$ 39,200	$ 19,900
Amortization of intangible assets		2,000	0	6,000	0
Goodwill from acquisition	$ 104,000
Adjustments to goodwill		4,300		4,458
Goodwill impairment		(108,472)	0	(108,472)	0
System development costs
Acquired Finite-Lived Intangible Assets [Line Items]
Amortization of system development costs		9,000	$ 4,400	24,700	$ 11,700
Capitalized computer software, gross		122,998		122,998		$ 84,550
Acquired developed technology
Acquired Finite-Lived Intangible Assets [Line Items]
Capitalized computer software, gross		$ 48,500		$ 48,500		$ 48,500
Acquired developed technology | Hello Digit, Inc.
Acquired Finite-Lived Intangible Assets [Line Items]
Capitalized computer software, gross	$ 48,500

Capitalized Software, Other I_5

Capitalized Software, Other Intangibles, and Goodwill - Schedule of Intangible Assets (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Acquired Finite-Lived Intangible Assets [Line Items]
Less: Accumulated amortization	$ (6,251)	$ (300)
Total intangible assets, net	37,675	43,564
Member relationships
Acquired Finite-Lived Intangible Assets [Line Items]
Intangible assets, gross	34,500	34,500
Trademarks
Acquired Finite-Lived Intangible Assets [Line Items]
Intangible assets, gross	6,426	6,364
Other
Acquired Finite-Lived Intangible Assets [Line Items]
Intangible assets, gross	$ 3,000	$ 3,000

Capitalized Software, Other I_6

Capitalized Software, Other Intangibles, and Goodwill - Schedule of Amortization Expense (Details) $ in Thousands	Sep. 30, 2022 USD ($)
Goodwill and Intangible Assets Disclosure [Abstract]
2022 (remaining three months)	$ (1,998)
2023	(7,950)
2024	(7,798)
2025	(4,929)
2026	(4,929)
2027	(4,929)
Thereafter	(4,780)
Total	$ (37,313)

Capitalized Software, Other I_7

Capitalized Software, Other Intangibles, and Goodwill - Schedule of Goodwill (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Goodwill [Roll Forward]
Balance as of December 31, 2021			$ 104,014
Measurement adjustments during period	$ 4,300		4,458
Impairment	(108,472)	$ 0	(108,472)	$ 0
Balance as of September 30, 2022	$ 0		$ 0

Other Assets - Schedule of Othe

Other Assets - Schedule of Other Assets (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Fixed assets
Total fixed assets	$ 45,794	$ 44,100
Less: Accumulated depreciation	(36,352)	(34,185)
Total fixed assets, net	9,442	9,915
Other Assets
Loans held for sale	42	491
Prepaid expenses	25,057	25,355
Deferred tax assets	1,869	3,923
Current tax assets	17,978	13,330
Other	20,311	19,330
Total other assets	$ 74,699	$ 72,344

Other Assets - Narrative (Detai

Other Assets - Narrative (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Depreciation	$ 1.3	$ 1.3	$ 3.8	$ 8.7

Borrowings (Details)

Borrowings (Details) - USD ($)			9 Months Ended	12 Months Ended
	Sep. 14, 2022	May 24, 2022	Sep. 30, 2022	Dec. 31, 2021	Nov. 03, 2022	Jul. 28, 2022	Jul. 22, 2022
Debt Instrument [Line Items]
Facility amount			$ 750,000,000
Current balance			365,147,000	$ 393,889,000
Current balance			2,238,331,000	1,651,706,000
Balance			241,838,000	114,092,000
Variable Interest Entity, Primary Beneficiary
Debt Instrument [Line Items]
Current balance			368,000,000	398,000,000
Initial note amount issued/Original balance			266,000,000
Current balance			2,238,331,000	1,651,706,000
Balance			241,838,000	114,092,000
Variable Interest Entity, Primary Beneficiary | Oportun Financial Corporation
Debt Instrument [Line Items]
Initial note amount issued/Original balance			150,000,000
Balance			141,701,000	0
Variable Interest Entity, Primary Beneficiary | Oportun RF, LLC
Debt Instrument [Line Items]
Facility amount						$ 9,100,000
Initial note amount issued/Original balance		$ 20,900,000	116,000,000
Balance			$ 100,137,000	114,092,000
LIBOR | Variable Interest Entity, Primary Beneficiary | Oportun RF, LLC
Debt Instrument [Line Items]
Interest Rate, basis spread (as a percent)			8%
LIBOR | Variable Interest Entity, Primary Beneficiary | Oportun RF, LLC | Minimum
Debt Instrument [Line Items]
Interest Rate, basis for effective rate (as a percent)			0%
SOFR | Variable Interest Entity, Primary Beneficiary | Oportun Financial Corporation
Debt Instrument [Line Items]
Interest Rate, basis spread (as a percent)			9%
SOFR | Variable Interest Entity, Primary Beneficiary | Oportun Financial Corporation | Minimum
Debt Instrument [Line Items]
Interest Rate, basis for effective rate (as a percent)			0%
SOFR | Variable Interest Entity, Primary Beneficiary | Oportun RF, LLC
Debt Instrument [Line Items]
Interest Rate, basis spread (as a percent)			8%
SOFR | Variable Interest Entity, Primary Beneficiary | Oportun RF, LLC | Minimum
Debt Instrument [Line Items]
Interest Rate, basis for effective rate (as a percent)			0%
Oportun Issuance Trust (Series 2022-A)
Debt Instrument [Line Items]
Original revolving period		2 years
Asset-Backed Notes 2022-2 Securitization
Debt Instrument [Line Items]
Initial note amount issued/Original balance							$ 400,000,000
Weighted average interest rate							7.77%
Weighted average yield (as a percent)							8%
Credit Facility | CCW Trust
Debt Instrument [Line Items]
Facility amount			$ 150,000,000
Current balance			$ 76,456,000	40,108,000
Credit Facility | CCW Trust | LIBOR
Debt Instrument [Line Items]
Interest Rate, basis spread (as a percent)			6%
Credit Facility | CCW Trust | LIBOR | Minimum
Debt Instrument [Line Items]
Interest Rate, basis for effective rate (as a percent)			1%
Credit Facility | PLW Trust
Debt Instrument [Line Items]
Facility amount			$ 600,000,000
Current balance			$ 288,691,000	353,781,000
Credit Facility | PLW Trust | LIBOR
Debt Instrument [Line Items]
Interest Rate, basis spread (as a percent)			2.17%
Credit Facility | PLW Trust | LIBOR | Minimum
Debt Instrument [Line Items]
Interest Rate, basis for effective rate (as a percent)			0%
Asset-Backed Notes
Debt Instrument [Line Items]
Initial note amount issued/Original balance			$ 2,454,412,000	1,654,412,000
Current balance			2,238,331,000	1,651,706,000
Asset-Backed Notes | Initial Collateral
Debt Instrument [Line Items]
Collateral balance			2,523,694,000	1,703,271,000
Asset-Backed Notes | Current Collateral
Debt Instrument [Line Items]
Collateral balance			$ 2,533,866,000	1,737,245,000
Asset-Backed Notes | CCW Trust | LIBOR
Debt Instrument [Line Items]
Interest Rate, basis spread (as a percent)			3.41%
Asset-Backed Notes | CCW Trust | LIBOR | Minimum
Debt Instrument [Line Items]
Basis spread on variable rate, outstanding principal (as a percent)			0%
Asset-Backed Notes | Credit Card Warehouse Facility
Debt Instrument [Line Items]
Principal threshold to trigger different interest rate			$ 18,800,000
Asset-Backed Notes | Oportun Issuance Trust (Series 2022-2)
Debt Instrument [Line Items]
Initial note amount issued/Original balance			400,000,000
Current balance			$ 370,417,000
Weighted average interest rate			6.92%
Asset-Backed Notes | Oportun Issuance Trust (Series 2022-2) | Initial Collateral
Debt Instrument [Line Items]
Collateral balance			$ 410,212,000
Asset-Backed Notes | Oportun Issuance Trust (Series 2022-2) | Current Collateral
Debt Instrument [Line Items]
Collateral balance			401,227,000
Asset-Backed Notes | Oportun Issuance Trust (Series 2022-A)
Debt Instrument [Line Items]
Initial note amount issued/Original balance		$ 400,000,000	400,000,000
Current balance			$ 385,560,000
Weighted average interest rate		5.68%	5.44%
Original revolving period			2 years
Asset-Backed Notes | Oportun Issuance Trust (Series 2022-A) | Initial Collateral
Debt Instrument [Line Items]
Collateral balance			$ 410,211,000
Asset-Backed Notes | Oportun Issuance Trust (Series 2022-A) | Current Collateral
Debt Instrument [Line Items]
Collateral balance			414,425,000
Asset-Backed Notes | Oportun Issuance Trust (Series 2021-C)
Debt Instrument [Line Items]
Initial note amount issued/Original balance			500,000,000	500,000,000
Current balance			$ 440,585,000	$ 497,774,000
Weighted average interest rate			2.48%	2.48%
Original revolving period			3 years	3 years
Asset-Backed Notes | Oportun Issuance Trust (Series 2021-C) | Initial Collateral
Debt Instrument [Line Items]
Collateral balance			$ 512,762,000	$ 512,762,000
Asset-Backed Notes | Oportun Issuance Trust (Series 2021-C) | Current Collateral
Debt Instrument [Line Items]
Collateral balance			519,928,000	525,436,000
Asset-Backed Notes | Oportun Issuance Trust (Series 2021-B)
Debt Instrument [Line Items]
Initial note amount issued/Original balance			500,000,000	500,000,000
Current balance			$ 444,519,000	$ 498,487,000
Weighted average interest rate			2.05%	2.05%
Original revolving period			3 years	3 years
Asset-Backed Notes | Oportun Issuance Trust (Series 2021-B) | Initial Collateral
Debt Instrument [Line Items]
Collateral balance			$ 512,759,000	$ 512,759,000
Asset-Backed Notes | Oportun Issuance Trust (Series 2021-B) | Current Collateral
Debt Instrument [Line Items]
Collateral balance			520,100,000	521,174,000
Asset-Backed Notes | Oportun Funding XIV, LLC (Series 2021-A)
Debt Instrument [Line Items]
Initial note amount issued/Original balance			375,000,000	375,000,000
Current balance			$ 347,743,000	$ 374,363,000
Weighted average interest rate			1.79%	1.79%
Original revolving period			2 years	2 years
Asset-Backed Notes | Oportun Funding XIV, LLC (Series 2021-A) | Initial Collateral
Debt Instrument [Line Items]
Collateral balance			$ 383,632,000	$ 383,632,000
Asset-Backed Notes | Oportun Funding XIV, LLC (Series 2021-A) | Current Collateral
Debt Instrument [Line Items]
Collateral balance			390,433,000	391,325,000
Asset-Backed Notes | Oportun Funding XIII, LLC (Series 2019-A)
Debt Instrument [Line Items]
Initial note amount issued/Original balance			279,412,000	279,412,000
Current balance			$ 249,507,000	$ 281,082,000
Weighted average interest rate			3.46%	3.46%
Original revolving period			3 years	3 years
Asset-Backed Notes | Oportun Funding XIII, LLC (Series 2019-A) | Initial Collateral
Debt Instrument [Line Items]
Collateral balance			$ 294,118,000	$ 294,118,000
Asset-Backed Notes | Oportun Funding XIII, LLC (Series 2019-A) | Current Collateral
Debt Instrument [Line Items]
Collateral balance			$ 287,753,000	$ 299,310,000
Asset-Backed Notes | Asset-Backed Notes Class D
Debt Instrument [Line Items]
Interest Rate, basis spread (as a percent)		8%
Initial note amount issued/Original balance		$ 20,900,000				$ 119,500,000
Asset-Backed Notes | Senior Secured Term Loans
Debt Instrument [Line Items]
Initial note amount issued/Original balance	$ 150,000,000
Asset-Backed Notes | Senior Secured Term Loans | SOFR
Debt Instrument [Line Items]
Interest Rate, basis spread (as a percent)	9%
Asset-Backed Notes | Asset-Backed Notes 2022-3 Securitization | Subsequent Event
Debt Instrument [Line Items]
Initial note amount issued/Original balance					$ 300,000,000
Weighted average interest rate					9.51%
Weighted average yield (as a percent)					10.94%

Other Liabilities (Details)

Other Liabilities (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Other Liabilities Disclosure [Abstract]
Accounts payable	$ 3,470	$ 8,343
Accrued compensation	11,300	36,417
Accrued expenses	30,332	36,464
Accrued interest	7,842	3,276
Amount due to whole loan buyer	2,585	14,062
Deferred tax liabilities	39,568	28,424
Current tax liabilities and other	10,319	8,372
Total other liabilities	$ 105,416	$ 135,358

Stockholders' Equity (Details)

Stockholders' Equity (Details) - $ / shares	Sep. 30, 2022	Dec. 31, 2021
Equity [Abstract]
Preferred stock, shares authorized (in shares)	100,000,000	100,000,000
Preferred stock, shares issued (in shares)	0	0
Preferred stock, shares outstanding (in shares)	0	0
Common stock, shares authorized (in shares)	1,000,000,000	1,000,000,000
Common stock, par value (in USD per share)	$ 0.0001	$ 0.0001
Common stock, shares issued (in shares)	33,460,161	32,276,419
Common stock, shares outstanding (in shares)	33,188,138	32,004,396
Treasury stock, shares (in shares)	272,023	272,023

Equity Compensation and Other_3

Equity Compensation and Other Benefits (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended		12 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021	Dec. 31, 2021
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Total stock-based compensation	$ 7,050	$ 4,598	$ 20,752	$ 14,542
Capitalized compensation expense	600	300	2,000	800
Income tax expense recognized in the income statement for stock-based compensation arrangements	1,400	(300)	2,400	(200)
Stock options
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Unrecognized compensation cost related to nonvested option awards	7,200		$ 7,200		$ 6,900
Unrecognized compensation cost, period for recognition			2 years 8 months 12 days		2 years 2 months 12 days
Restricted stock units
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Unrecognized compensation cost related to nonvested restricted awards	58,500		$ 58,500		$ 54,100
Unrecognized compensation cost, period for recognition			2 years 10 months 24 days		2 years 7 months 6 days
Technology and facilities
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Total stock-based compensation	1,739	736	$ 5,175	2,231
Sales and marketing
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Total stock-based compensation	37	36	106	105
Personnel
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Total stock-based compensation	$ 5,274	$ 3,826	$ 15,471	$ 12,206

Revenue (Details)

Revenue (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Interest income
Interest on loans	$ 226,103	$ 143,582	$ 615,394	$ 396,544
Fees on loans	6,012	1,862	16,613	4,680
Total interest income	232,115	145,444	632,007	401,224
Non-interest income
Gain (loss) on loan sales	(6)	7,328	5,708	17,083
Servicing fees	5,266	3,250	15,544	9,291
Other income	12,701	3,062	37,339	5,053
Total non-interest income	$ 17,961	$ 13,640	$ 58,591	$ 31,427

Income Taxes (Details)

Income Taxes (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Income Tax Disclosure [Abstract]
Income tax expense (benefit)	$ (6,536)	$ 5,143	$ 1,956	$ 8,652
Effective tax rate	5.80%	18.30%	(2.90%)	20.70%
Effective income tax rate reconciliation	$ (11,700)		$ (6,700)
Effective income tax Rate reconciliation (as a Percent)	(227.00%)		(77.00%)

Fair Value of Financial Instr_3

Fair Value of Financial Instruments - Financial Instruments at Fair Value (Details) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022 USD ($)	Sep. 30, 2021 USD ($)	Sep. 30, 2022 USD ($)	Sep. 30, 2021 USD ($)	Dec. 31, 2021 USD ($)
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Loans receivable, unpaid principal balance	$ 2,969,656		$ 2,969,656		$ 2,272,864
Loans receivable, fair value	2,991,334		2,991,334		2,386,807
Asset-backed notes, unpaid principal balance	2,408,362		2,408,362		1,654,412
Asset-backed notes at fair value	2,238,331		2,238,331		1,651,706
Fair value of loans 90 days or more past due	7,000		7,000		3,500
Aggregate unpaid principal balance of loans 90 days or more past due	$ 39,200		$ 39,200		$ 20,700
Level 3 | Remaining cumulative charge-offs | Minimum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Unobservable inputs for unsecured personal loan portfolio	0.0502		0.0502		0.0675
Level 3 | Remaining cumulative charge-offs | Maximum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Unobservable inputs for unsecured personal loan portfolio	0.5104		0.5104		0.5186
Level 3 | Remaining cumulative charge-offs | Weighted Average
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Unobservable inputs for unsecured personal loan portfolio	0.1167		0.1167		0.0960
Level 3 | Remaining cumulative prepayments | Minimum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Unobservable inputs for unsecured personal loan portfolio	0		0		0
Level 3 | Remaining cumulative prepayments | Maximum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Unobservable inputs for unsecured personal loan portfolio	0.3905		0.3905		0.4425
Level 3 | Remaining cumulative prepayments | Weighted Average
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Unobservable inputs for unsecured personal loan portfolio	0.3108		0.3108		0.3247
Level 3 | Principal payment rate | Minimum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Unobservable inputs for unsecured personal loan portfolio	0		0		0
Level 3 | Principal payment rate | Maximum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Unobservable inputs for unsecured personal loan portfolio	0		0		0
Level 3 | Principal payment rate | Weighted Average
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Unobservable inputs for unsecured personal loan portfolio	0.1583		0.1583		0.1807
Level 3 | Average life (years) | Minimum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Unobservable inputs for unsecured personal loan portfolio	0.11		0.11		0.22
Level 3 | Average life (years) | Maximum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Unobservable inputs for unsecured personal loan portfolio	1.51		1.51		1.51
Level 3 | Average life (years) | Weighted Average
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Unobservable inputs for unsecured personal loan portfolio	0.92		0.92		0.86
Level 3 | Discount rate | Minimum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Unobservable inputs for unsecured personal loan portfolio	0.1010		0.1010		0.0690
Level 3 | Discount rate | Maximum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Unobservable inputs for unsecured personal loan portfolio	0.1211		0.1211		0.0835
Level 3 | Discount rate | Weighted Average
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Unobservable inputs for unsecured personal loan portfolio	0.1019		0.1019		0.0694
Loans receivable at fair value | Level 3
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Balance – beginning of period	$ 2,854,594	$ 1,726,914	$ 2,386,807	$ 1,696,526
Principal disbursements	710,002	578,084	2,429,837	1,266,556
Principal payments from customers	(453,054)	(317,489)	(1,525,126)	(941,747)
Gross charge-offs	(79,485)	(29,096)	(207,919)	(102,293)
Net increase (decrease) in fair value	(40,723)	12,962	(92,265)	52,333
Balance – end of period	$ 2,991,334	$ 1,971,375	$ 2,991,334	$ 1,971,375

Fair Value of Financial Instr_4

Fair Value of Financial Instruments - Financial Instruments at Amortized Cost (Details) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021	Dec. 31, 2021
Liabilities
Transfers into level 3	$ 0	$ 0	$ 0	$ 0
Transfers out of level 3	0	$ 0	0	$ 0
Level 1
Assets
Cash and cash equivalents	175,857,000		175,857,000		$ 130,959,000
Restricted cash	96,350,000		96,350,000		62,001,000
Loans held for sale and loans sold					0
Liabilities
Accounts payable	3,470,000		3,470,000		8,343,000
Secured financing (Note 9)	0		0		0
Acquisition and corporate financing (Note 9)	0		0		0
Level 2
Assets
Cash and cash equivalents	0		0		0
Restricted cash	0		0		0
Loans held for sale and loans sold					0
Liabilities
Accounts payable	0		0		0
Secured financing (Note 9)	359,406,000		359,406,000		396,081,000
Acquisition and corporate financing (Note 9)	250,997,000		250,997,000		116,000,000
Level 3
Assets
Cash and cash equivalents	0		0		0
Restricted cash	0		0		0
Loans held for sale and loans sold					547,000
Liabilities
Accounts payable	0		0		0
Secured financing (Note 9)	0		0		0
Acquisition and corporate financing (Note 9)	0		0		0
Carrying value
Assets
Cash and cash equivalents	175,857,000		175,857,000		130,959,000
Restricted cash	96,350,000		96,350,000		62,001,000
Loans held for sale and loans sold					491,000
Liabilities
Accounts payable	3,470,000		3,470,000		8,343,000
Secured financing (Note 9)	368,000,000		368,000,000		398,000,000
Acquisition and corporate financing (Note 9)	254,764,000		254,764,000		116,000,000
Estimated fair value
Assets
Cash and cash equivalents	175,857,000		175,857,000		130,959,000
Restricted cash	96,350,000		96,350,000		62,001,000
Loans held for sale and loans sold					547,000
Liabilities
Accounts payable	3,470,000		3,470,000		8,343,000
Secured financing (Note 9)	359,406,000		359,406,000		396,081,000
Acquisition and corporate financing (Note 9)	$ 250,997,000		$ 250,997,000		$ 116,000,000

Leases, Commitments and Conti_3

Leases, Commitments and Contingencies - Narrative (Details)	1 Months Ended	3 Months Ended		9 Months Ended
	Apr. 30, 2022 retailLocation	Sep. 30, 2022 USD ($)	Sep. 30, 2021 USD ($)	Sep. 30, 2022 USD ($)	Sep. 30, 2021 USD ($)	Mar. 04, 2022	Dec. 31, 2021 USD ($)	Nov. 30, 2014
Restructuring Cost and Reserve [Line Items]
Number of retail locations closed | retailLocation	27
Restructuring costs				$ 1,400,000
Rental expenses under operating leases		$ 4,200,000	$ 4,300,000	14,200,000	$ 19,900,000
Minimum loans to be sold under whole loan sale agreement (percentage)						10%		10%
Additional loans to be sold under whole loan sale agreement (percentage)						5%		5%
Unfunded loan and credit card commitments		49,900,000		49,900,000			$ 39,800,000
Civil Penalty To CFPB
Restructuring Cost and Reserve [Line Items]
Loss contingency, payments				2,700,000
Information Technology and Communication Services
Restructuring Cost and Reserve [Line Items]
Purchase obligation, remainder of 2022		9,100,000		9,100,000
Purchase obligation, 2023		23,400,000		23,400,000
Purchase obligation, 2024		13,100,000		13,100,000
Purchase obligation, 2025		4,800,000		4,800,000
Purchase obligation, 2026 and thereafter		$ 2,000,000		2,000,000
Bank Partnership Program and Servicing Agreement Loans
Restructuring Cost and Reserve [Line Items]
Purchase commitment				$ 200,000
Maximum
Restructuring Cost and Reserve [Line Items]
Remaining lease term		10 years		10 years
Minimum | Redress To Eligible Customers
Restructuring Cost and Reserve [Line Items]
Loss contingency, payments				$ 68,145

Leases, Commitments and Conti_4

Leases, Commitments and Contingencies - Maturities of Lease Liabilities (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Lease expense
2022 (remaining three months)	$ 3,721
Year one	13,678	$ 14,927
Year two	11,700	13,214
Year three	9,713	11,142
Year four	3,705	9,238
Year five	812	3,387
Thereafter	14	706
Total lease payments	43,343	52,614
Imputed interest	(3,194)	(4,030)
Total leases	40,149	48,584
Sublease income
Year one		(896)
Year two and thereafter		0
Total lease payments		(896)
Imputed interest		11
Total sublease income	0	(885)
Net lease liabilities	$ 40,149	$ 47,699
Weighted average remaining lease term	3 years 4 months 24 days	3 years 10 months 24 days
Weighted average discount rate	3.97%	4.01%