Oportun Q3 revenue $250M, GAAP loss narrows; completes credit card portfolio sale for ~$100M

Oportun Financial Corp

2024-Q3 EPS reported -$2.21 revenue$750,829,000

Q3 total revenue $250M; GAAP net loss $(30M) vs $(21M) YoY; adjusted net income $0.9M; Adjusted EBITDA $31M (up 121% YoY).
Credit card portfolio sale to Continental Finance closed; portfolio ~$100M; expected to add $2M Adj. EBITDA in Q4 2024 and $11M in FY 2025.
FY 2025 preliminary guidance: GAAP diluted EPS $0.25-$0.50, adjusted EPS $1.00-$1.25.
Corporate debt refinancing expected to close November 14, 2024.

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