Oportun Returns to Revenue Growth and Raises Full-Year Outlook
Globe Newswire•03/11/2026•16:05 ET
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Key Highlights
- ➤Full-year revenue outlook raised to $955-$960 million
- ➤Adjusted EPS outlook raised to $1.60-$1.70, up 21% at midpoint
- ➤Q3 revenue $246 million, up 3% year-over-year
- ➤Q3 net income $23 million, up $18 million year-over-year
- ➤Annualized net charge-off rate fell to 10.6%, lowest since 3Q22
Expert Statements
Doug Bland, Chief Executive Officer of Oportun
“Q3 was a strong quarter, and our momentum is building”
Doug Bland, Chief Executive Officer of Oportun
“We returned to year-over-year revenue growth for the first time since the fourth quarter of 2023 and increased originations 12% while maintaining a disciplined credit posture.”
Doug Bland, Chief Executive Officer of Oportun
“Our focus on returning unsecured members and secured personal loans supported lower-risk growth.”
Doug Bland, Chief Executive Officer of Oportun
“Lower interest expense and net charge-offs, together with revenue growth and continued expense discipline, drove higher profitability.”
Doug Bland, Chief Executive Officer of Oportun
“Our results outperformed our guidance for revenue, Adjusted EBITDA and net charge-offs.”
Doug Bland, Chief Executive Officer of Oportun
“Today, we are introducing Oportun Forward, our strategy for driving durable growth, building lasting member relationships and delivering predictable returns.”
Doug Bland, Chief Executive Officer of Oportun
“Our plan starts with simplifying and optimizing our core business and putting 20 years of proprietary data, credit experience and earned community trust to work more effectively.”
Doug Bland, Chief Executive Officer of Oportun
“Our immediate focus is on improving offers for qualified applicants, simplifying the experience for returning members and making our operating processes more efficient, while maintaining credit and capital discipline.”
Doug Bland, Chief Executive Officer of Oportun
“The additions of Bill Franklin as Chief Financial Officer, Bernardo Martinez as Chief Retail and Sales Officer and Garrett Hope as Chief Product Officer strengthen our ability to execute.”
Bill Franklin, Chief Financial Officer of Oportun
“We remain focused on investing organically in the business to support disciplined, profitable growth while maintaining the capital, liquidity and funding capacity needed to operate through economic cycles.”
Bill Franklin, Chief Financial Officer of Oportun
“Given our third-quarter performance and outlook for the fourth quarter, we are raising our full-year revenue and earnings outlook and lowering expected credit losses.”
Introduces Oportun Forward to simplify its core business and drive durable growth
Total revenue grew 3% year-over-year, returning to growth for the first time since 4Q23
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