OPRT News & Events

Oportun Financial has appointed Doug Bland as CEO and a member of Oportun's Board of Directors, effective April 20. Bland currently serves on the boards of directors of WebBank, a national issuer of consumer and small business credit products, and Creditly, a fintech platform applying artificial intelligence to financial wellness. Concurrent with joining Oportun and its Board, Bland will step down from the board of WebBank. Bland previously spent nearly seven years in senior leadership roles at PayPal, most recently as SVP and General Manager of its Consumer Business. Before PayPal, he served as President & COO of Swift Financial. Bland co-led Swift Financial through its acquisition by PayPal in 2017. Earlier in his career, Bland spent more than a decade at Bank of America as SVP, Small Business Products & Risk.

Oportun Financial announced that Kate Layton and Gaurav Rana will assume interim leadership of the company through a joint office of the CEO, effective April 4, following the previously announced departure of Raul Vazquez as CEO and a member of Oportun's board of directors. Layton and Rana will continue in their current roles as chief legal officer and corporate secretary and general manager of lending, respectively, as they assume their new responsibilities while the board completes its search for a permanent CEO. Vazquez will serve as an advisor to the company until July 3 to ensure a transition. Kate Layton has served as chief legal officer and corporate secretary of Oportun since July 2023.

Reports Q4 revenue $247.7M, consensus $243.48M. "We finished 2025 with another solid performance, delivering our fifth consecutive quarter of GAAP profitability and meeting or outperforming each of our guidance metrics," said Raul Vazquez, CEO of Oportun. "Strong fourth quarter execution and a focus on high-quality originations drove results above the top end of our total revenue guidance range, with total revenue of $248 million. Supported by a fourth quarter annualized net charge-off rate at the low end of expectations, reduced funding costs, and disciplined expense management, we delivered $42 million of Adjusted EBITDA - 15% above the top end of our guidance range. Our full year results also demonstrate disciplined execution and our commitment to creating long-term shareholder value. In 2025, we grew originations by 10%, reduced interest expense by 3%, and lowered operating expenses by 12%. As a result, full year 2025 GAAP net income increased by $104 million, Adjusted EPS grew 89%, GAAP ROE improved markedly to 6.8%, and Adjusted ROE improved by nearly 1,000 basis points to 17.5%. Looking ahead to full year 2026, we expect improved profitability across metrics. We are guiding to full year Adjusted EPS between $1.50 and $1.65, reflecting 11% to 21% year-over-year growth."