Oportun Returns to Revenue Growth and Raises Full-Year Outlook
Oportun said total revenue grew 3% year over year, its first return to growth since 4Q23, and raised its full-year outlook. It also reported a 10.6% annualized net charge-off rate, the lowest since 3Q22, and GAAP net income grew $18 million year over year.
Story updates
09:09:21 PM UTC
SquawkNews
Q3 revenue rose 3% year over year to $246M, and net income was $23M versus $5.2M. Oportun raised 2026 revenue guidance to $955M—$960M and Adjusted EPS to $1.60—$1.70.Material DetailsContext by AI AnalystThis is a recovery-stage update: revenue growth returned after several quarters, alongside stron…
09:27:25 PM UTC
SquawkNews
Oportun Financial Q3 net income rises year over year to $22.9 million Oportun Financial’s Q3 202
09:35:37 PM UTC
SquawkNews
Oportun reported third-quarter revenue of $246.3 million, up 3% year over year, and net income of $22.9 million, compared with $5.2 million a year earlier. Adjusted diluted EPS was $0.51, up from $0.39. The company raised its full-year revenue and earnings outlook and lowered its expected credit-lo…
Introduces Oportun Forward to simplify its core business and drive durable growthTotal revenue grew 3% year-over-year, returning to growth for the first time since 4Q23Annualized Net Charge-Off Rate of 10.6%, lowest since 3Q22GAAP net income grew $18 million year-over-year to $23 millionAdjusted Ne…