OPRT News & Events

Oportun Financial announced the appointment of Sean Rowles as chief risk officer, or CRO, to lead Oportun's risk and credit functions, effective June 17. He will succeed Patrick Kirscht, who has decided to step down after 18 years of leadership at Oportun. Rowles most recently served as CRO and head of operations at Imprint.

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.

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."