---
schema_version: "secwatch.filing_event.v1"
accession: "0001538716-24-000101"
form_type: "8-K"
ticker: "OPRT"
cik: "0001538716"
company_name: "Oportun Financial Corp"
filed_at: "2024-08-08T23:59:59+00:00"
generated_at: "2026-05-31T10:53:57.353202+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Oportun Q2 adj EBITDA $30M (+109% YoY); GAAP loss $31M on credit card mark; new $245M facility

## Summary
- Revenue $250M (-6% YoY); GAAP net loss $31M (EPS -$0.78); adjusted net income $3.2M (adjusted EPS $0.08).
- Adjusted EBITDA $30M, up 109% YoY; total operating expenses down 20% YoY; met or exceeded all guidance metrics.
- Signed non-binding LOI to sell credit card portfolio; $36M GAAP mark-to-market; expected to boost 2025 adj EBITDA by ~$11M.
- Closed $245M warehouse facility with Deutsche Bank and Jefferies; three-year revolving period; collateralized by loan originations.
- New lending-as-a-service collaboration with Western Union to expand brand awareness and application funnel.

## SEC filing metadata
- accession: 0001538716-24-000101
- form_type: 8-K
- ticker: OPRT
- cik: 0001538716
- company_name: Oportun Financial Corp
- filed_at: 2024-08-08T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 2.02, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1538716/000153871624000101/0001538716-24-000101-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1538716/000153871624000101/oprt-20240805.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001538716-24-000101
- JSON: https://secwatch.observer/filing/0001538716-24-000101.json
- Plain text: https://secwatch.observer/filing/0001538716-24-000101.txt

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