---
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"
generated_at: "2026-06-03T13:52:25.610555+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Oportun beats preliminary Q1 revenue, posts positive EBITDA; adds two directors under Findell pact

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 1.01, 2.02, 5.02, 7.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001538716-24-000051
- JSON: https://secwatch.observer/filing/0001538716-24-000051.json
- Plain text: https://secwatch.observer/filing/0001538716-24-000051.txt

## Key facts
- Earnings Releases
  Oportun Financial Corp reported first quarter ended March 31, 2024 results: revenue $248 - $250 million, net income $(30) - $(26) million.
  - Period: first quarter ended March 31, 2024
  - Revenue: $248 - $250 million
  - Net income: $(30) - $(26) million
  - Result: preliminary results
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1538716/000153871624000051/0001538716-24-000051-index.htm
- Executive change
  Scott Parker was appointed as Director at Oportun Financial Corp.
  - Action: appointed
  - Role: Director
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1538716/000153871624000051/0001538716-24-000051-index.htm
- Material Agreements
  Oportun Financial Corp entered into Agreement with Findell Capital Management LLC and certain of its affiliates (effective 2024-04-19).
  - Action: entry
  - Counterparty: Findell Capital Management LLC and certain of its affiliates
  - Effective: 2024-04-19
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1538716/000153871624000051/0001538716-24-000051-index.htm

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