secwatch.observer — SEC 8-K summary
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Issuer:     Oportun Financial Corp (OPRT)
CIK:        0001538716
Form:       8-K
Filed at:   2022-11-07T23:59:59+00:00
Accession:  0001538716-22-000214
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1538716/000153871622000214/0001538716-22-000214-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1538716/000153871622000214/oprt-20221107.htm
  HTML page:      https://secwatch.observer/filing/0001538716-22-000214

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