Highest-materiality recent filing
Agreement with Column to originate unsecured personal loans in select states; Oportun provides platform services.
Oportun settles with activist Radoff; two directors to retire, standstill imposed
Two Class I directors will retire after the 2026 annual meeting; Radoff withdraws director nomination.
Oportun appoints Sean Rowles as Chief Risk Officer; Patrick Kirscht departs after 18 years
Patrick Kirscht, Chief Credit Officer, departing June 15, 2026 after 18 years; no disagreement with company.
Oportun Q1 GAAP net income $2.3M ($0.05 EPS); revenue $229M, down 3% YoY
GAAP net income of $2.3M vs $10M in Q1 2025; diluted EPS $0.05 vs $0.21.
Oportun appoints Doug Bland as CEO effective April 20, replacing joint Office of CEO
Doug Bland named CEO and Class III director, effective April 20, 2026; Kathleen Layton and Gaurav Rana leave joint Office of CEO roles.
Oportun names interim Office of the CEO as Raul Vazquez departs; CEO search ongoing
Raul Vazquez transitions from CEO to non-employee advisor effective April 3, 2026; steps down from Board same day.
Oportun Q4/FY25: GAAP EPS $0.53, Adj EPS $1.36, FY26 Adj EPS guidance $1.50-$1.65
Q4 total revenue $248M; GAAP net income $3.4M ($0.07 diluted EPS); fifth consecutive GAAP profitable quarter.
Oportun issues $485M ABS notes at 5.32% yield, repays $70M corporate debt in 2025
Issued $485M of two-year revolving fixed-rate asset-backed notes secured by installment loans.
CEO Raul Vazquez to step down by April 3, 2026; board has initiated search with executive search firm.
Oportun reports Q3 GAAP net income $5.2M, raises FY25 adj. EPS guidance to $1.30-$1.40
GAAP net income $5.2M vs loss of $30M YoY; GAAP EPS $0.11 vs -$0.75.
Oportun adds $247M warehouse, completes $441M ABS; lowers debt costs
New $247M three-year warehouse facility with Citizens and Community Investment Management; total capacity rises to $1.14B.
Oportun amends Pathward program; to purchase $115M loan portfolio, simplify structure
Pathward to stop retaining Oportun loans by Feb 2026; Oportun to purchase 100% of new loans from Oct 1, 2025.
Warren Wilcox appointed to Audit & Risk and Compensation & Leadership committees as of Aug 20/25, 2025.
Oportun closes $538M asset-backed securitization with AAA senior notes; average yield 5.294%
Issued ~$538M of two-year revolving fixed-rate notes secured by installment loans; five classes rated AAA to BB- by Fitch.
Oportun posts Q2 GAAP net income $6.9M, raises FY2025 adjusted EPS guidance to $1.20-$1.40
GAAP net income $6.9M vs. loss of $31M YoY; GAAP EPS $0.14 vs. ($0.78).
Joseph Schueller appointed Principal Financial Officer and Principal Accounting Officer, effective July 22, 2025.
Oportun settles proxy contest with Findell; Warren Wilcox to join board
Warren Wilcox appointed as Class III director after 2025 annual meeting; board expands to 9 seats.
Oportun closes $439M ABS notes; first AAA rating, yield down 128 bps vs Jan
Issued $439M two-year asset-backed notes across five classes; weighted avg yield 5.67%.
Oportun Q1 GAAP net income $9.8M, EPS $0.21; adj. EPS $0.40
GAAP net income of $9.8M vs ($26M) loss YoY; diluted EPS $0.21 vs ($0.68).
CEO Raul Vazquez appointed principal financial and accounting officer at Oportun
Appointment effective April 28, 2025; CEO adds CFO and PAO duties.
Oportun closes $187.5M personal loan warehouse facility; total capacity now $954M
New warehouse facility has a two-year term, borrowing capacity of $187.5M, and advance rate of 95% (92% under certain triggers).
Oportun's Principal Accounting Officer resigns; interim CFO appointed
Casey Mueller resigns as Principal Accounting Officer and Global Controller, effective April 18, 2025, to join another company.
Oportun returns to GAAP profitability in Q4 2024; raises FY2025 adjusted EPS guide
Q4 net income $9M vs loss of $42M YoY; total revenue $251M (-5% YoY).
Oportun closes $425M ABS securitization, 7x oversubscribed, yield down 127 bps
Issued $425.1M asset-backed notes secured by personal installment loans, five fixed-rate tranches.
Oportun increases borrowing capacity on personal loan warehouse facility to ~$429M
Oportun PLW Trust, a subsidiary, amended its Loan and Security Agreement on November 22, 2024.
Oportun closes new senior secured term loan; issues warrants for 9.8% equity stake
New senior secured term loan funded on Nov 14, 2024 by affiliates of Castlelake L.P. and Neuberger Berman.
Oportun Q3 revenue $250M, GAAP loss narrows; completes credit card portfolio sale for ~$100M
Q3 total revenue $250M; GAAP net loss $(30M) vs $(21M) YoY; adjusted net income $0.9M; Adjusted EBITDA $31M (up 121% YoY).
Oportun increases PLW II borrowing capacity to $337.1M, interest at SOFR + 3.07%
Amendment to Loan and Security Agreement raises borrowing capacity to $337.1 million.
Oportun enters $235M senior secured term loan with Castlelake and Neuberger Berman
Oportun signed $235 million Credit Agreement with Castlelake and Neuberger Berman on October 23, 2024 to refinance existing debt.
Amended personal loan warehouse facility to $306.45M total commitment with a two-year revolving period, effective Sep 20, 2024.
Oportun completes $223.25M asset-backed securitization with weighted avg coupon 8.07%
Issued four classes of notes: Class A (AA-, 5.86%), B (A-, 5.83%), C (BBB-, 6.61%), D (BB-, 10.47%).
Oportun Q2 adj EBITDA $30M (+109% YoY); GAAP loss $31M on credit card mark; new $245M facility
Revenue $250M (-6% YoY); GAAP net loss $31M (EPS -$0.78); adjusted net income $3.2M (adjusted EPS $0.08).
Oportun annual meeting: director elections pass; supermajority elimination fails
All three Class II directors (Ginny Lee, Louis Miramontes, Richard Tambor) elected; Lee received 62% of votes cast, Miramontes 82%, Tambor 95%.
Oportun cuts 100 jobs (12% corp staff) targeting $97.5M Q4 2024 expense run rate
Headcount reduction of 100 employees, ~12% of corporate staff, excluding retail and contact center agents.
Oportun Q1 GAAP net loss shrinks to $26M; returns to adjusted profitability
GAAP net loss of $26M vs -$102M YoY; adjusted net income of $3.6M vs -$58M YoY.
Oportun beats preliminary Q1 revenue, posts positive EBITDA; adds two directors under Findell pact
Q1 prelim revenue $248-250M (guidance $233-238M); net loss $(30)-(26)M vs $(102.1)M YoY.
Eighth RF Amendment grants $5.7M/month payment holiday for March, April, May 2024; extends RF facility term to January 2025.
Oportun Q4 GAAP net loss $42M, FY23 revenue $1.1B (+11%); guides improved FY24 profitability
GAAP net loss $42M in Q4 ($1.09 diluted EPS) vs $8.4M loss a year ago; FY23 net loss $180M ($4.88 diluted EPS).
Oportun closes $200M asset-backed securitization with four note classes
Issued $200M in fixed-rate notes secured by installment loans; weighted avg coupon 8.434%.
Oportun appoints two new independent directors, expanding board to nine
Effective February 7, 2024, board expands from 7 to 9 with independent directors Carlos Minetti and Mohit Daswani.
Oportun reduces credit card warehouse facility to $100M, cites strategic review
Credit card warehouse facility reduced to $100 million under Seventh CCW Amendment executed Dec 22, 2023.
Compensation Committee approved PSUs for CEO Vazquez (target 176,361), CFO Coblentz (20,101), and Kirscht (49,339) on Dec 6, 2023.
GAAP net loss of $21M (diluted EPS -$0.55); adjusted net loss $18M (adjusted EPS -$0.46).
Oportun closes $197M structured financing facility with Castlelake at 10.05% blended rate
Borrowed $197M under Receivables Loan and Security Agreement; blended interest rate 10.05%.
Oportun adopts majority voting standard and eliminates supermajority bylaw provisions
Adopted majority voting standard in uncontested director elections; plurality in contested.
Revenue $267M (+18% YoY); GAAP net loss $15M vs $9.2M loss; adjusted net income $2.3M.
Oportun draws $25M incremental term loans; issues warrants for ~1.05M shares at $0.01
Borrowed $25M in Incremental Tranche C Loans under existing credit agreement dated Sept 2022.
Oportun increases inducement equity plan share reserve by 450,000 shares to 1,105,000
Board approved amendment to 2021 Inducement Plan raising share reserve from 655,000 to 1,105,000 shares.
Oportun stockholders elect directors, ratify auditor, approve say-on-pay at annual meeting
Director Jo Ann Barefoot elected despite more votes withheld (8,188,099) than for (8,092,038); Sandra A. Smith elected with 8,203,354 for vs 8,076,783 withheld.
Oportun borrows $25M incremental term loans, issues warrants for 1.05M shares
Borrowed $25M in incremental Tranche B Loans under corporate facility dated Sept 14, 2022.
The board of directors of the Company (the “Board”) has appointed Sean Rowles to serve as the Company’s Chief Risk Officer, effective June 17, 2026
Oportun Financial Corporation (the “Company”) and Patrick Kirscht, the Company’s Chief Credit Officer, mutually determined that Mr. Kirscht would depart from the Company and its subsidiary, Oportun, Inc. (“Oportun”), effective as of June 15, 2026
On April 28, 2025, the board of directors of Oportun Financial Corporation (the “Company”) appointed Raul Vazquez, the Company’s Chief Executive Officer, to the roles of principal financial officer and principal accounting officer, effective immediately.
On March 17, 2025, Casey Mueller notified Oportun Financial Corporation (the “Company”) that effective as of April 18, 2025, he plans to resign from his role as Principal Accounting Officer and Global Controller to accept a position at another company.
Jonathan Coblentz’ retirement as the Company’s Chief Financial Officer
Given Mr. Mueller’s resignation, Paul Appleton, the Company’s Treasurer and Head of Capital Markets, will serve as interim Chief Financial Officer following Jonathan Coblentz’ retirement as the Company’s Chief Financial Officer, until the search for Mr. Coblentz’ successor is completed.
Mr. Coblentz will continue in his CFO and CAO roles until March 28th to support a smooth transition to Casey Mueller, the Company’s Principal Accounting Officer and Global Controller, who, following Mr. Coblentz’s departure will serve as interim CFO.
On February 7, 2025, Mr. Jonathan Coblentz notified the Company that effective March 28, 2025, he plans to retire from his role as Chief Financial Officer (“CFO”) and Chief Administrative Officer (“CAO”) of the Company.
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.
appointed Mr. Carlos Minetti and Mr. Mohit Daswani to serve as members of the Board.
appointed Mr. Carlos Minetti and Mr. Mohit Daswani to serve as members of the Board.
Effective November 4, 2023, Mr. Carl Pascarella retired from his role as a director of the Company, as well as his roles as the lead independent director and member of the compensation and leadership committee, the credit risk and finance committee and the nominating, governance, and social responsibility committee.
Max materiality 0.90 · Median 0.65 · Most common event debt