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: N/A
Website: N/A
Key People
Raul Vazquez
Chief Executive Officer, Director
Jonathan Aaron Coblentz
Chief Financial Officer, Chief Administrative Officer
Matthew Wayne Jenkins
Chief Operations Officer, General Manager, Personal & Auto Loans
David Needham
Chief Technology Officer
Joan Aristei
Chief Compliance Officer, General Counsel
Patrick Kirscht
Chief Credit Officer
Business Overview
Oportun Financial Corporation provides financial services that provides lending platform. The platform and application of machine learning enables the Company to provide loans. The Company offers an amortizing installment loans with fixed payments and fixed interest rates throughout the life of the loan. The Company offers personal loans, auto loans and OportunPath. OportunPath provides account updates. It enables its customers to complete a loan application online via a mobile phone, tablet, or computer. It also provides prepaid debit cards. The Company operates in approximately 12 states, including California, Texas, Illinois, Utah, Nevada, Arizona, Missouri, New Mexico, Florida, Wisconsin, Idaho and New Jersey.
Financial Overview
For the six months ended 30 June 2020, Oportun Financial Corp revenues decreased 36% to $126.7M. Net loss applicable to common stockholders totaled $47.5M vs. income of $27.4M. Revenues reflect Decrease in fair value decrease from -$54.2M to -$148M, Gain on loan sales decrease of 40% to $9.5M, Interest expense decrease of 8% to -$31.5M. Net loss reflects Technology and facilities - Balancing v increase of 34% to $60.6M (expense).
Employees: 1,609 as of Jun 30, 2020
Reporting Currency: U.S. Dollars
Enterprise value: $1,362M as of Jun 30, 2020
Annual revenue (TTM): $371.63M as of Jun 30, 2020
EBITDA (TTM): $1.54M as of Jun 30, 2020
Net annual income (TTM): -$70.71M as of Jun 30, 2020
Free cash flow (TTM): $183.65M as of Jun 30, 2020
Net Debt Last Fiscal Year: $1,055M as of Jun 30, 2020
Shares outstanding: 27,331,162 as of Jul 31, 2020
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization

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