OPRT on Nasdaq

Oportun Financial Corp

American finance services company based in San Carlos, incorporated in Delaware.

Price unavailable

Last updated Oct 18, 2026.

Overview

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TickerOPRT on Nasdaq
IndustryFinance Services
HeadquartersSan Carlos, United States
Incorporated inDE²
Business address1825 South Grant Street, Suite 850, San Mateo, Ca 94402²
Filer categoryAccelerated filer, Smaller reporting company²

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Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

129.7%Net margin³

-14.1%Revenue growth, 2025³

6.5%Return on equity³

Where the money goes

Where each dollar of revenue went, fiscal 2025

Selling, general and adminIncome taxProfit

Selling, general and admin44¢$34.0M
Income tax24¢$18.8M
Profit32¢$25.2M

Out of $19.5M in revenue.³

Where each dollar of operating cash went, fiscal 2025

Kept or used elsewhere

Kept or used elsewhere100¢$413.4M

Out of $413.4M of cash from operations.³

Financial statements

Revenue⁴⁵⁶⁷⁸³$19.5M in 2025−97% since 2019

Net income⁴⁵⁶⁷⁸³$25.2M in 2025−59% since 2019

Every line of the income statement as filed: the last 2 fiscal years, latest first.³

Period ending	2025-12-31	2024-12-31
Interest income	$893.2M	$925.5M
Non-interest income	$63.5M	$76.3M
Total revenue	$956.7M	$1.0B
Interest expense	$231.5M	$238.2M
Net decrease in fair value	-$319.3M	-$468.4M
Net revenue	$405.8M	$295.2M
Technology and facilities	$142.4M	$166.2M
Sales and marketing	$70.6M	$67.0M
Personnel	$79.9M	$87.2M
Outsourcing and professional fees	$34.8M	$36.8M
General, administrative and other	$34.0M	$53.2M
Total operating expenses	$361.8M	$410.4M
Income (loss) before taxes	$44.1M	-$115.2M
Income tax expense (benefit)	$18.8M	-$36.5M
Net income (loss)	$25.2M	-$78.7M
Net income (loss) attributable to common stockholders	$25.2M	-$78.7M
Net income (loss) attributable to common stockholders	$25.2M	-$78.7M
Basic (in USD per share)	$0.54	-$1.95
Diluted (in USD per share)	$0.53	-$1.95
Basic (in shares)	46.4M shares	40.4M shares
Diluted (in shares)	47.9M shares	40.4M shares

Total assets⁴⁵⁶⁷⁸³$3.3B in 2025+48% since 2019

Total liabilities⁴⁵⁶⁷⁸³$2.9B in 2025+67% since 2019

Shareholders’ equity⁴⁵⁷⁸³$390.1M in 2025−20% since 2019

Cash⁴⁵⁶⁷⁸³$105.5M in 2025+46% since 2019

Every line of the balance sheet as filed: the last 3 fiscal years (annual) or 3 quarters (quarterly), latest first.³

Period ending	2025-12-31	2024-12-31	2023-12-31
Cash and cash equivalents	$105.5M	$60.0M
Restricted cash	$93.4M	$154.7M
Loans receivable at fair value	$2.9B	$2.8B
Capitalized software and other intangibles, net	$71.7M	$86.6M
Right of use assets - operating	$9.4M	$9.8M
Other assets	$103.7M	$137.6M
Total assets	$3.3B	$3.2B
Secured financing	$199.4M	$535.5M
Asset-backed notes at fair value	$263.8M	$1.1B
Asset-backed borrowings at amortized cost	$2.2B	$984.3M
Acquisition and corporate financing	$143.7M	$203.8M
Lease liabilities	$11.5M	$18.2M
Other liabilities	$56.8M	$50.9M
Total liabilities	$2.9B	$2.9B
Common stock, $0.0001 par value - 1,000,000,000 shares authorized at December 31, 2025 and December 31, 2024; 44,709,065 shares issued and 44,437,042 shares outstanding at December 31, 2025; 36,383,879 shares issued and 36,111,856 shares outstanding at December 31, 2024	$8.0K	$7.0K
Common stock, additional paid-in capital	$623.7M	$612.6M
Accumulated deficit	-$227.3M	-$252.5M
Treasury stock at cost, 272,023 and 272,023 shares at December 31, 2025 and December 31, 2024	-$6.3M	-$6.3M
Total stockholders equity	$390.1M	$353.8M	$404.4M
Total liabilities and stockholders' equity	$3.3B	$3.2B
Common stock, par value (in USD per share)	$0.00	$0.00
Common stock, shares authorized (in shares)	1.0B shares	1.0B shares
Common stock, shares, issued (in shares)	44.7M shares	36.4M shares
Common stock, shares, outstanding (in shares)	44.4M shares	36.1M shares
Treasury stock, common, shares (in shares)	272.0K shares	272.0K shares

Period ending	2025-12-31	2024-12-31	2023-12-31
Cash and cash equivalents	$105.5M	$60.0M
Restricted cash	$93.4M	$154.7M
Loans receivable at fair value	$2.9B	$2.8B
Capitalized software and other intangibles, net	$71.7M	$86.6M
Right of use assets - operating	$9.4M	$9.8M
Other assets	$103.7M	$137.6M
Total assets	$3.3B	$3.2B
Secured financing	$199.4M	$535.5M
Asset-backed notes at fair value	$263.8M	$1.1B
Asset-backed borrowings at amortized cost	$2.2B	$984.3M
Acquisition and corporate financing	$143.7M	$203.8M
Lease liabilities	$11.5M	$18.2M
Other liabilities	$56.8M	$50.9M
Total liabilities	$2.9B	$2.9B
Common stock, $0.0001 par value - 1,000,000,000 shares authorized at December 31, 2025 and December 31, 2024; 44,709,065 shares issued and 44,437,042 shares outstanding at December 31, 2025; 36,383,879 shares issued and 36,111,856 shares outstanding at December 31, 2024	$8.0K	$7.0K
Common stock, additional paid-in capital	$623.7M	$612.6M
Accumulated deficit	-$227.3M	-$252.5M
Treasury stock at cost, 272,023 and 272,023 shares at December 31, 2025 and December 31, 2024	-$6.3M	-$6.3M
Total stockholders equity	$390.1M	$353.8M	$404.4M
Total liabilities and stockholders' equity	$3.3B	$3.2B
Common stock, par value (in USD per share)	$0.00	$0.00
Common stock, shares authorized (in shares)	1.0B shares	1.0B shares
Common stock, shares, issued (in shares)	44.7M shares	36.4M shares
Common stock, shares, outstanding (in shares)	44.4M shares	36.1M shares
Treasury stock, common, shares (in shares)	272.0K shares	272.0K shares

Cash from operations⁴⁵⁶⁷⁸³$413.4M in 2025+89% since 2019

Capital spending⁴⁵⁶$6.0M in 2022−32% since 2019

Free cash flow⁴⁵⁶⁷$241.9M in 2022+15% since 2019

Every line of the cash flow as filed: the last 2 fiscal years, latest first.³

Period ending	2025-12-31	2024-12-31
Net income (loss)	$25.2M	-$78.7M
Depreciation and amortization	$41.4M	$51.2M
Fair value adjustment, net	$319.3M	$468.4M
Origination fees for loans receivable at fair value, net	-$37.6M	-$32.8M
Gain on loan sales	-$5.6M	-$6.0M
Stock-based compensation expense	$10.7M	$13.0M
Other, net	$55.1M	$4.2M
Originations of loans sold and held for sale	-$140.3M	-$119.6M
Proceeds from sale of loans	$147.5M	$124.1M
Changes in operating assets and liabilities	-$2.3M	-$30.3M
Net cash provided by operating activities	$413.4M	$393.5M
Originations and purchases of loans held for investment	-$1.8B	-$1.5B
Proceeds from loan sales originated as held for investment	$0	$54.5M
Repayments of loan principal	$1.4B	$1.3B
Capitalization of system development costs	-$24.3M	-$19.2M
Other, net	-$971.0K	-$886.0K
Net cash used in investing activities	-$369.7M	-$193.7M
Borrowings under secured financing	$1.0B	$742.1M
Repayments of secured financing	-$1.4B	-$493.8M
Repayments of asset-backed notes at fair value	-$834.7M	-$771.4M
Borrowings under asset-backed borrowings at amortized cost	$1.8B	$771.4M
Repayments of asset-backed borrowings at amortized cost	-$647.2M	-$364.0M
Borrowings under acquisition and corporate financing	$0	$223.2M
Repayments of acquisition and corporate financing	-$71.3M	-$285.7M
Payments of deferred financing costs	-$3.3M	-$12.8M
Net payments related to stock-based activities	-$400.0K	-$272.0K
Net cash used in financing activities	-$59.4M	-$191.2M
Net increase (decrease) in cash and cash equivalents and restricted cash	-$15.7M	$8.6M
Cash paid for income taxes, net of refunds	$2.8M	$1.0M
Cash paid for interest	$194.7M	$214.0M
Cash paid for amounts included in the measurement of operating lease liabilities	$11.2M	$12.5M
Right of use assets obtained in exchange for operating lease obligations	$3.6M	-$4.4M
Non-cash investments in capitalized assets	$664.0K	$1.4M
Non-cash financing activities	$59.6M	$58.7M

Compare Oportun Financial Corp with another company

Leadership

Who has led Oportun Financial Corp, and when. Pick a name to see everywhere that person has worked.

Chief executive

Chief financial officer

20202025

Chief executive officerDouglas K. Bland Apr 21, 2026 to now¹¹
Chief executive officerRaul Vazquez Sep 25, 2019 to Apr 21, 2026¹²
Chief financial officerWilliam H. Franklin Sep 14, 2026 to now¹³
Chief financial officerJonathan Aaron Coblentz Sep 25, 2019 to Mar 12, 2025¹⁴

Board members and other officers (24)

CO-PEO, GM OF LENDINGGaurav Rana Apr 10, 2026 to now¹⁵
Chief Risk OfficerSean A. Rowles Jun 22, 2026 to now¹⁶
SVP-Controller, PAO & PFOJoseph Andrew Schueller Aug 6, 2025 to now¹⁷
Global Controller and PAOCasey Mueller Apr 19, 2022 to Mar 12, 2025¹⁸
Chief Technology OfficerDavid Anthony Needham Sep 25, 2019 to Mar 14, 2022¹⁹
GC & Chief Compliance OfficerJoan Aristei Sep 25, 2019 to Jul 18, 2023²⁰
Chief Credit OfficerPatrick Kirscht Sep 25, 2019 to now²¹
Board memberDouglas K. Bland Apr 21, 2026 to now¹¹
Board memberScott Scheirman Aug 17, 2026 to now²²
Board memberWarren Wilcox Aug 6, 2025 to now²³
Board memberCarlos Minetti Feb 9, 2024 to now²⁴
Board memberMohit Daswani Feb 9, 2024 to now²⁵
Board memberScott T. Parker Apr 25, 2024 to Jun 28, 2024²⁶
Board memberRichard N. Tambor Jun 28, 2024 to now²⁷
Board memberFrederic Welts Sep 9, 2021 to Jul 5, 2023²⁸
Board memberGinny Lee Sep 9, 2021 to now²⁹
Board memberRoy Banks Sep 9, 2021 to Jun 7, 2023³⁰
Board memberAída Álvarez Sep 25, 2019 to Jun 15, 2022³¹
Board memberCarl Pascarella Sep 25, 2019 to Jan 3, 2024³²
Board memberDavid N. Strohm Sep 25, 2019 to Jul 5, 2023³³
Board memberJo Ann Barefoot Sep 25, 2019 to now³⁴
Board memberLouis Miramontes Sep 25, 2019 to now³⁵
Board memberRaul Vazquez Sep 25, 2019 to now¹²
General counselKathleen I. Layton Jul 27, 2023 to now³⁶

Former names

Progreso Financiero Holdings, Inc.Jan 9, 2012 to Sep 10, 2013²

Timeline

Apr 21, 2026New chief executive Douglas K. Bland becomes CEO¹¹
Sep 25, 2019New chief executive Raul Vazquez becomes CEO¹²
Aug 30, 2011Founded Oportun Financial Corp is founded³⁷

Filings

468 filings to the SEC since October 2021: 8 annual reports, 15 quarterly reports, 79 major events, 216 insider forms, 50 large holders, 1 private raises, 99 other. The latest 20:

Sep 14, 20264 EDGAR
Sep 14, 20264 EDGAR
Sep 14, 20264 EDGAR
Sep 14, 20263 EDGAR
Sep 11, 2026144/A EDGAR
Sep 11, 20268-K EDGAR
Sep 10, 2026144 EDGAR
Sep 10, 2026144 EDGAR
Aug 25, 20268-K EDGAR
Aug 20, 20264 EDGAR
Aug 17, 20263 EDGAR
Aug 14, 20268-K EDGAR
Aug 14, 2026SCHEDULE 13G/A EDGAR
Aug 13, 20264 EDGAR
Aug 13, 20264 EDGAR
Aug 13, 20264 EDGAR
Aug 13, 20264 EDGAR
Aug 13, 20264 EDGAR
Aug 13, 20264 EDGAR
Aug 12, 2026144 EDGAR

The 468 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last three years, summarized. The full record is on SEC EDGAR.

Insider trades and holders

Large holders

Investors who own more than 5% must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively. 50 such filings since October 2021, the latest 10:

From Forms 4 and Schedules 13D and 13G filed with the SEC.

Money raised

Private offerings the company reported to the SEC on Form D.

Dec 22, 2021Raised $86.2 million in a private offering of equity Form D: 58 investors so far Form D

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.

Fund	Shares	Value	Share of the fund	Change
Forager Capital Management, LLC	4,512,045	$25.8M	9.7%	+1,150,319
Neuberger Berman Group LLC	3,893,025	$22.2M	0.0%	+83,113
BlackRock, Inc.	3,370,232	$19.2M	0.0%	+292,572
Findell Capital Management LLC	2,798,300	$16.0M	2.6%	+50,000
Vanguard Capital Management LLC	1,742,023	$9.9M	0.0%	+113,545
Dimensional Fund Advisors LP	1,663,841	$9.5M	0.0%	+300,053
Long Focus Capital Management, LLC	1,515,777	$8.7M	0.4%	No change
Goldman Sachs Group Inc	1,286,133	$7.3M	0.0%	+467,846
Simcoe Capital LLC	1,134,197	$6.5M	3.9%	+131,926
Meros Investment Management, LP	1,125,231	$6.4M	2.0%	+398,846
Boothbay Fund Management, LLC	1,101,930	$6.3M	0.1%	+242,601
Geode Capital Management, LLC	1,081,651	$6.2M	0.0%	+132,849
Two Sigma Investments, LP	963,560	$5.5M	0.0%	+1,919
Millennium Management LLC	945,987	$5.4M	0.0%	−1,307,195
American Century Companies Inc	822,881	$4.7M	0.0%	+371,951
State Street Corp	797,256	$4.6M	0.0%	+44,931
Aqr Capital Management LLC	752,758	$4.3M	0.0%	+63,921
Mackenzie Financial Corp	656,694	$3.7M	0.0%	+168,458
Citadel Advisors LLC	516,723	$3.0M	0.0%	+394,700
Vanguard Portfolio Management LLC	407,832	$2.3M	0.0%	+45,509
Trexquant Investment LP	391,710	$2.2M	0.0%	+58,141
Bridgeway Capital Management, LLC	350,581	$2.0M	0.0%	+16,458
Northern Trust Corp	331,156	$1.9M	0.0%	+36,594
Summa Corp.	293,266	$1.7M	0.5%	−103,500
Berger Financial Group, Inc	291,041	$1.7M	0.1%	+47,466

13F reports cover disclosed long positions in U.S. stocks only.

Sources

The numbers on this page point here. Each one links to the record it came from.

1
SEC EDGAROportun Financial Corp filings on SEC EDGAR
2
SEC EDGAROportun Financial Corp filings on SEC EDGAR
3
SEC EDGAROportun Financial Corp 10-K for fiscal 2025
4
SEC EDGAROportun Financial Corp 10-K for fiscal 2019
5
SEC EDGAROportun Financial Corp 10-K for fiscal 2020
6
SEC EDGAROportun Financial Corp 10-K for fiscal 2021
7
SEC EDGAROportun Financial Corp 10-K for fiscal 2022
8
SEC EDGAROportun Financial Corp 10-K for fiscal 2023
9
SEC EDGAROportun Financial Corp 10-Q for fiscal 2026
10
SEC EDGAROportun Financial Corp 10-Q for fiscal 2026
11
SEC EDGARDouglas K. Bland, Chief executive officer
12
SEC EDGARRaul Vazquez, Chief executive officer
13
SEC EDGARWilliam H. Franklin, Chief financial officer
14
SEC EDGARJonathan Aaron Coblentz, Chief financial officer
15
SEC EDGARGaurav Rana, CO-PEO, GM OF LENDING
16
SEC EDGARSean A. Rowles, Chief Risk Officer
17
SEC EDGARJoseph Andrew Schueller, SVP-Controller, PAO & PFO
18
SEC EDGARCasey Mueller, Global Controller and PAO
19
SEC EDGARDavid Anthony Needham, Chief Technology Officer
20
SEC EDGARJoan Aristei, GC & Chief Compliance Officer
21
SEC EDGARPatrick Kirscht, Chief Credit Officer
22
SEC EDGARScott Scheirman, Board member
23
SEC EDGARWarren Wilcox, Board member
24
SEC EDGARCarlos Minetti, Board member
25
SEC EDGARMohit Daswani, Board member
26
SEC EDGARScott T. Parker, Board member
27
SEC EDGARRichard N. Tambor, Board member
28
SEC EDGARFrederic Welts, Board member
29
SEC EDGARGinny Lee, Board member
30
SEC EDGARRoy Banks, Board member
31
SEC EDGARAída Álvarez, Board member
32
SEC EDGARCarl Pascarella, Board member
33
SEC EDGARDavid N. Strohm, Board member
34
SEC EDGARJo Ann Barefoot, Board member
35
SEC EDGARLouis Miramontes, Board member
36
SEC EDGARKathleen I. Layton, General counsel
37
gleifOportun Financial Corp is founded