Oportun Financial Corp (OQ:OPRT)

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
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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

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