Sector: Financials | Industry: Consumer Lending |
See Regulatory Filings on SEC |
Company Contact | |
Address: | 2 Circle Star Way SAN CARLOS CA 94070-6200 |
Tel: | 1-650-5904323 |
Website: | N/A |
IR: | N/A |
Key People | ||
Raul Vazquez Chief Executive Officer, Director | Jonathan Aaron Coblentz Chief Financial Officer, Chief Administrative Officer | Matthew Wayne Jenkins Chief Operating Officer, General Manager - Lending |
Joan Aristei Chief Risk Officer, General Counsel | Patrick Kirscht Chief Credit Officer |
Business Overview |
Oportun Financial Corporation is a fintech company. Its financial products allow it to meet its members where they are and assist them with their overall financial health. Its products include personal loans, unsecured personal loans, secured personal loans, and Set & Save. Personal loans allow its members to address pressing financial needs as well as planned purchases and personal growth opportunities. Its secured personal loans allow its members to access larger loan sizes than they can with an unsecured loan, which is critical if the financial need they are addressing exceeds its unsecured lending limits for that member. Set & Save is its savings product. Its intelligent lending and savings platform is designed to help people, even those who are not well served by mainstream financial institutions, access credit and automate their savings without impacting their ability to meet daily spending needs. It applies artificial intelligence (AI) to automates people's financial health. |
Financial Overview |
For the fiscal year ended 31 December 2023, Oportun Financial Corp revenues decreased 56% to $280.7M. Net loss increased from $77.7M to $180M. Revenues reflect Net decrease in fair value decrease from -$218.8M to -$596.8M, Interest expense decrease of 93% to -$179.4M, Servicing Fees decrease of 26% to $14.7M. Higher net loss reflects General, administrative and other increase of 23% to $72.4M (expense). |
Employees: | 2,340 as of Dec 31, 2023 |
Reporting Currency: | U.S. Dollars |
Enterprise value: | $2,903M as of Dec 31, 2023 |
Annual revenue (TTM): | $280.67M as of Dec 31, 2023 |
EBITDA (TTM): | -$156.73M as of Dec 31, 2023 |
Net annual income (TTM): | -$179.95M as of Dec 31, 2023 |
Free cash flow (TTM): | $360.06M as of Dec 31, 2023 |
Net Debt Last Fiscal Year: | $2,819M as of Dec 31, 2023 |
Shares outstanding: | 34,557,486 as of Mar 13, 2024 |
TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization |