---
schema_version: "secwatch.filing_event.v1"
accession: "0001538716-24-000025"
form_type: "8-K"
ticker: "OPRT"
cik: "0001538716"
company_name: "Oportun Financial Corp"
filed_at: "2024-03-12T23:59:59+00:00"
generated_at: "2026-06-04T22:59:53.788723+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Oportun Q4 GAAP net loss $42M, FY23 revenue $1.1B (+11%); guides improved FY24 profitability

## Summary
- GAAP net loss $42M in Q4 ($1.09 diluted EPS) vs $8.4M loss a year ago; FY23 net loss $180M ($4.88 diluted EPS).
- Total revenue $263M in Q4, FY23 revenue $1.1B, up 11% YoY.
- Adjusted net loss $21M in Q4 ($0.54 diluted EPS); FY23 adjusted net loss $124M ($3.37 diluted EPS).
- Adjusted EBITDA $6.1M in Q4 vs negative $34M in Q4 2022; FY23 adjusted EBITDA $1.7M vs negative $10M in FY22.
- Announced additional $30M in run-rate opex savings by Q4 2024; completed $200M ABS in February at 160 bps lower pricing.

## SEC filing metadata
- accession: 0001538716-24-000025
- form_type: 8-K
- ticker: OPRT
- cik: 0001538716
- company_name: Oportun Financial Corp
- filed_at: 2024-03-12T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1538716/000153871624000025/0001538716-24-000025-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1538716/000153871624000025/oprt-20240312.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001538716-24-000025
- JSON: https://secwatch.observer/filing/0001538716-24-000025.json
- Plain text: https://secwatch.observer/filing/0001538716-24-000025.txt

## Key facts
- Earnings Releases
  Oportun Financial Corp reported fourth quarter and full year ended December 31, 2023 results: revenue Total revenue of $263 million, bringing FY23 to $1.1 billion, net income Net income (loss) ($42) million for 4Q23; ($180) million for FY23, EPS Diluted EPS ($1.09) for 4Q23; ($4.88) for FY23.
  - Period: fourth quarter and full year ended December 31, 2023
  - Revenue: Total revenue of $263 million, bringing FY23 to $1.1 billion
  - Net income: Net income (loss) ($42) million for 4Q23; ($180) million for FY23
  - EPS: Diluted EPS ($1.09) for 4Q23; ($4.88) for FY23
  - Result: reported results
  source text: Oportun Reports Fourth Quarter and Full Year 2023 Financial Results 4Q23 Total revenue of $263 million, bringing FY23 to $1.1 billion, up 11% year-over-year
  evidence_url: https://www.sec.gov/Archives/edgar/data/1538716/000153871624000025/0001538716-24-000025-index.htm
- Earnings Releases
  Oportun Financial Corp reported fiscal quarter and full year ended December 31, 2023 results: revenue $263 million for the fourth quarter; full year $1.1 billion. Guidance reaffirmed.
  - Period: fiscal quarter and full year ended December 31, 2023
  - Revenue: $263 million for the fourth quarter; full year $1.1 billion
  - Guidance: reaffirmed
  - Result: reported results
  source text: as expressly stated by specific reference in such filing. --- EX-99.1 (EX-99.1) --- Oportun Reports Fourth Quarter and Full Year 2023 Financial Results 4Q23 Total revenue of $263 million, bringing FY23 to $1.1 billion, up 11% year-over-year Quarterly operating expense down 15% $30 million in additional operating expense reductions announced $200 million February
  evidence_url: https://www.sec.gov/Archives/edgar/data/1538716/000153871624000025/0001538716-24-000025-index.htm

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