Oportun reports record Q2 revenue of $267M, GAAP loss narrows; guides to $90-95M adjusted EBITDA in H2

Oportun Financial Corp

2023-Q2 EPS reported -$3.31 revenue$526,075,000

Revenue $267M (+18% YoY); GAAP net loss $15M vs $9.2M loss; adjusted net income $2.3M.
Adjusted EBITDA $4.3M in Q2 vs $(4.5)M loss; H2 2023 adjusted EBITDA guidance $90-95M.
Signed two whole loan flow sale agreements for up to $700M in personal loan production over 12 months.
Members reached 2.0M (+10% YoY); originations $485M (-45% YoY) reflecting tightened credit posture.
Annualized net charge-off rate 12.5% (vs 8.6% YoY); operating expenses lowest since 2021, down 14% YoY.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Oportun Financial Corp reported second quarter ended June 30, 2023 results: revenue $267 million, net income $(15) million, EPS $(0.41). Guidance reaffirmed.

Period: second quarter ended June 30, 2023
Revenue: $267 million
Net income: $(15) million
EPS: $(0.41)
Guidance: reaffirmed
Result: reported results

Exact text from the filing

Oportun Reports Strong Second Quarter 2023 Financial Results Record revenue of $267 million, 18% year-over-year growth

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Source: SEC EDGAR

accession 0001538716-23-000128

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