OPRT News & Events

Reports Q1 revenue $229M, consensus $228.58M. "Having joined Oportun last month, I'm encouraged by the team's disciplined execution in the first quarter," said Doug Bland, CEO of Oportun. "The business has made meaningful progress strengthening its foundation, including continued GAAP profitability, lower funding costs and improved liquidity. At the same time, it is clear there is more work ahead to improve through-cycle credit performance and rebuild durable, profitable growth. Based on my review to date, we are reiterating our full year 2026 guidance."

Sees Q2 adjusted EBITDA $34M-$39M. Added Paul Appleton, Oportun's Interim Chief Financial Officer: "We expect to ramp originations from first quarter levels through the remainder of the year while maintaining credit discipline and reducing our loss rates. We are also advancing our risk-based pricing initiative, which we expect to launch in the second half of the year, expanding access to customers we are not able to serve today. I am pleased that our full year 2026 Adjusted EPS guidance of $1.50 to $1.65 continues to reflect 16% year-over-year growth at the midpoint."

Backs FY26 revenue view $935M-$955M, consensus $944N. Backs FY26 adjusted EBITDA view $150M-$165M.

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.