---
schema_version: "secwatch.filing_event.v1"
accession: "0001538716-24-000058"
form_type: "8-K"
ticker: "OPRT"
cik: "0001538716"
company_name: "Oportun Financial Corp"
filed_at: "2024-05-09T23:59:59+00:00"
generated_at: "2026-06-02T05:45:59.605153+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Oportun Q1 GAAP net loss shrinks to $26M; returns to adjusted profitability

## Summary
- GAAP net loss of $26M vs -$102M YoY; adjusted net income of $3.6M vs -$58M YoY.
- Total revenue $250M, down 4% YoY from $260M.
- Operating expenses down 15% sequentially and 25% YoY.
- Adjusted EBITDA $1.9M vs -$20M YoY; raised FY 2024 guidance (midpoint EBITDA uplift 31%).
- Executed additional $150M whole loan sale agreement in May 2024.

## SEC filing metadata
- accession: 0001538716-24-000058
- form_type: 8-K
- ticker: OPRT
- cik: 0001538716
- company_name: Oportun Financial Corp
- filed_at: 2024-05-09T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1538716/000153871624000058/0001538716-24-000058-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1538716/000153871624000058/oprt-20240509.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001538716-24-000058
- JSON: https://secwatch.observer/filing/0001538716-24-000058.json
- Plain text: https://secwatch.observer/filing/0001538716-24-000058.txt

## Key facts
- Earnings Releases
  Oportun Financial Corp updated its first quarter ended March 31, 2024 guidance (raised).
  - Period: first quarter ended March 31, 2024
  - Guidance: raised
  - Result: reported results
  source text: On May 9, 2024, Oportun Financial Corporation (the “Company”) issued a press release regarding the Company’s financial results for its fiscal quarter ended March 31, 2024.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1538716/000153871624000058/0001538716-24-000058-index.htm

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