---
schema_version: "secwatch.filing_event.v1"
accession: "0001538716-22-000214"
form_type: "8-K"
ticker: "OPRT"
cik: "0001538716"
company_name: "Oportun Financial Corp"
filed_at: "2022-11-07T23:59:59+00:00"
generated_at: "2026-06-22T05:23:17.653403+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Oportun reports Q3 revenue $250M (+57% YoY), raises FY2022 guidance; director Alvarez resigns

## Summary
- Total revenue $250M (+57% YoY); GAAP net loss $106M, diluted EPS ($3.21); adjusted net income $8M, adjusted EPS $0.25.
- FY2022 revenue guidance raised to $946-951M; adjusted EPS guidance raised to $2.19-2.25.
- Early-stage delinquencies trending down; first-payment defaults below 2019 pre-pandemic levels in September.
- Director Aida Alvarez resigned Nov 1, 2022; no disagreement; served since 2011. Annualized net charge-off rate 9.8% (vs 5.5% YoY); 30+ day delinquency 5.4% (vs 2.8%).

## SEC filing metadata
- accession: 0001538716-22-000214
- form_type: 8-K
- ticker: OPRT
- cik: 0001538716
- company_name: Oportun Financial Corp
- filed_at: 2022-11-07T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1538716/000153871622000214/0001538716-22-000214-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1538716/000153871622000214/oprt-20221107.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001538716-22-000214
- JSON: https://secwatch.observer/filing/0001538716-22-000214.json
- Plain text: https://secwatch.observer/filing/0001538716-22-000214.txt

## Key facts
- Earnings Releases
  Oportun Financial Corp reported third quarter ended September 30, 2022 results: revenue $250, net income ($106), EPS $(3.21). Guidance raised.
  - Period: third quarter ended September 30, 2022
  - Revenue: $250
  - Net income: ($106)
  - EPS: $(3.21)
  - Guidance: raised
  - Result: reported results
  source text: $946 to $951 million, and our Adjusted EPS guidance to a range between $2.19 to $2.25." Third Quarter 2022 Results Metric GAAP Adjusted 1 3Q22 3Q21 3Q22 3Q21 Total revenue $250 $159 Net income (loss) ($106) $23 $8 $24 Diluted EPS $(3.21) $0.75 $0.25 $0.78 Adjusted EBITDA ($6) $18 Dollars in millions, except per share amounts. Business Highlights ◦
  evidence_url: https://www.sec.gov/Archives/edgar/data/1538716/000153871622000214/0001538716-22-000214-index.htm
- Executive change
  Aida Alvarez resigned as Director at Oportun Financial Corp.
  - Action: resigned
  - Role: Director
  source text: On November 1, 2022, the Honorable Aida Alvarez notified the Corporate Secretary and the Board of Directors of the Company that she intended to resign from her position as a director of the Company, as well as her roles as the chair of the nominating, governance and social responsibility committee and member of the compensation and leadership committee.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1538716/000153871622000214/0001538716-22-000214-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.