Oportun Financial Corporation is a consumer finance company focused on responsible lending to underserved populations, specializing in personal loans and savings products.

# Company Summary: Oportun Financial Corporation

**Overview:**  
Oportun Financial Corporation is a consumer finance company focused on providing responsible and affordable financial solutions. The company specializes in personal loans, secured personal loans, and savings products aimed at underserved or underbanked populations.

**Core Business Activities:**  
- Originates and services personal installment loans and secured personal loans.  
- Previously managed a credit card portfolio, which it divested to concentrate on core lending activities.  
- Offers savings products to members.  
- Focuses on responsible lending with standards aimed at reducing delinquency and charge-offs.

**Financial and Business Highlights (2024):**  
- Despite macroeconomic challenges, returned to profitability and improved operational performance.  
- Implemented initiatives that increased portfolio yield by 125 basis points to 33.5%.  
- Reduced total operating expenses by 23%, with adjusted operating expenses declining by 20%.  
- Achieved a full-year net loss of $79 million, an improvement of $101 million over the previous year.  
- Reported an adjusted net income of $29 million, up $100 million from 2023.  
- Delivered an adjusted EBITDA of $105 million, up $86 million from the prior year.  
- Portfolio quality improved with better credit models, underwriting standards, and borrower profiles, leading to lower delinquency and charge-offs.

**Customer and Employee Metrics:**  
- As of April 23, 2025, the company had approximately **37.5 million** shares of common stock outstanding.  
- The aggregate market value based on June 28, 2024, was about **$72.1 million**, excluding shares held by affiliates and insiders.  
- The company has a significant customer base, though exact customer count is not specified in the document.

**Location and Contact:**  
- Principal executive offices located at: 2 Circle Star Way, San Carlos, California, 94070.  
- Telephone: (650) 810-8823.  

**Operational Focus:**  
- Focuses on financial inclusion, responsible lending practices, and compliance with evolving regulatory standards.  
- Strategic actions include divestiture of non-core assets (credit card portfolio), refinancing of debt, and capital structure optimization.  
- Maintains governance policies emphasizing accountability, risk management, and transparency.

This summary is based strictly on the information provided in the company's Form 10-K/A, without assumptions or external data.

Oportun Financial Corporation is a financial services company specializing in providing personal loans to underserved markets with a focus on responsible credit solutions.

# Oportun Financial Corporation Overview

## Company Description
Oportun Financial Corporation (Ticker: OPRT) is a financial services company that specializes in providing personal loans to individuals, primarily focusing on underserved markets. The company aims to offer responsible and affordable credit solutions to customers who may not have access to traditional banking services.

## Business Model
Oportun leverages technology to offer personal loans, which helps streamline the application process and improve customer accessibility. By utilizing alternative credit data and a proprietary underwriting model, Oportun can make credit decisions quickly, which allows for a more efficient customer experience.

## Key Statistics
- **Number of Customers**: Approximately 1.6 million customers have utilized Oportun's services.
- **Number of Employees**: The company employs around 1,000 individuals.
- **Fiscal Year Revenue**: In fiscal year 2023, Oportun reported total revenue of **$1.1 billion**, reflecting an **11%** year-over-year growth.
- **Income**: For the same period, the company reported a net loss of approximately **$180 million**. Adjusted EBITDA for the year was around **$1.67 million**, indicating challenges in profitability amid economic pressures such as high inflation and interest rates.

## Market Position
Oportun positions itself as an alternative lender, offering customers access to loans ranging from $300 to $10,000 with transparent pricing and no hidden fees. The company operates primarily within the U.S. and focuses on providing credit options to those with limited credit history or lower credit scores.

## Financial Services
Oportun offers various financial products and services, including:
- **Personal Loans**: Unsecured personal loans tailored to individual customer needs.
- **Mobile Application**: A digital platform that enhances user experience for loan applications, account management, and customer engagement.

## Mission and Impact
The company's mission centers around promoting financial inclusion by providing a path to financial stability for its customers through accessible credit. This is particularly important for those exiting the cycle of payday loans and other high-interest borrowing methods.

## Conclusion
Oportun Financial Corporation is dedicated to empowering underserved communities by offering personal loans with an ethical lending approach. The company's focus on leveraging technology in a customer-friendly manner positions it to continue serving a significant number of individuals seeking financial solutions.

Oportun Financial Corp

10-K / April 30, 2025

10-K / April 29, 2024

10-K / April 30, 2025

Company Summary: Oportun Financial Corporation