{"schema_version":"secwatch.filing_event.v1","accession":"0001538716-24-000051","form_type":"8-K","ticker":"OPRT","cik":"0001538716","company_name":"Oportun Financial Corp","filed_at":"2024-04-22T23:59:59+00:00","discovered_at":"2026-05-14T18:03:18.896206+00:00","generated_at":"2026-06-03T13:52:25.610555+00:00","sec_items":["1.01","2.02","5.02","7.01","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"Oportun beats preliminary Q1 revenue, posts positive EBITDA; adds two directors under Findell pact","bullets":["Q1 prelim revenue $248-250M (guidance $233-238M); net loss $(30)-(26)M vs $(102.1)M YoY.","Adjusted EBITDA $0-4M (guidance $(14)-(12)M); adjusted net income $0-4M.","Annualized NCO rate 12.0% (in line); 30+ day delinquency 5.2% vs 5.5% YoY.","Appoints Scott Parker (ex-CFO Ryder) to board; Richard Tambor as observer, to stand for election at 2024 annual meeting.","Standstill: Findell (7.7% owner) caps ownership at 9.9%, votes with board, no proxy fights; expenses up to $225k."],"urls":{"canonical":"https://secwatch.observer/filing/0001538716-24-000051","json":"https://secwatch.observer/filing/0001538716-24-000051.json","markdown":"https://secwatch.observer/filing/0001538716-24-000051.md","text":"https://secwatch.observer/filing/0001538716-24-000051.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1538716/000153871624000051/0001538716-24-000051-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1538716/000153871624000051/oprt-20240419.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-03T13:52:25.610555+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"6c73c55976a7e5ba01d14b31628d1981aa2d1343","claim":"Oportun Financial Corp reported first quarter ended March 31, 2024 results: revenue $248 - $250 million, net income $(30) - $(26) million.","evidence_excerpt":"Rate, 30+ Day Delinquency Rate, Net Loss, Adjusted EBITDA and Adjusted Net Income, for the first quarter as follows: Metric Preliminary Guidance 1Q24 1Q24 1Q23 Total Revenue $248 - $250 million $233 - $238 million $259.5 million Annualized Net Charge-Off Rate 12.0% 12.1% +/- 15 bps 12.1% 30+ Day Delinquency Rate 5.2% 5.1% - 5.3% 2 5.5% Net Income (Loss)","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1538716/000153871624000051/0001538716-24-000051-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"first quarter ended March 31, 2024"},{"label":"Revenue","value":"$248 - $250 million"},{"label":"Net income","value":"$(30) - $(26) million"},{"label":"Result","value":"preliminary results"}],"fact_type":"earnings_release"},{"claim_id":"7c5b17725e","claim":"Scott Parker was appointed as Director at Oportun Financial Corp.","evidence_excerpt":"the Board approved an increase in the number of directors on the Board from nine to 10 and appointed Mr. Parker to serve as a member of the Board.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1538716/000153871624000051/0001538716-24-000051-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"Director"}],"fact_type":"executive_change"},{"claim_id":"71b56c0f2e1f61f76b56f9b41e831637346edb92","claim":"Oportun Financial Corp entered into Agreement with Findell Capital Management LLC and certain of its affiliates (effective 2024-04-19).","evidence_excerpt":"On April 19, 2024, Oportun Financial Corporation (the “Company”) entered into a letter agreement (the “Agreement”) with Findell Capital Management LLC and certain of its affiliates (collectively, “Findell”).","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1538716/000153871624000051/0001538716-24-000051-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Counterparty","value":"Findell Capital Management LLC and certain of its affiliates"},{"label":"Effective","value":"2024-04-19"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}