Welcome to our dedicated page for Oportun Financial SEC filings (Ticker: OPRT), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
Oportun Financial Corporation filings document the formal disclosures of a Nasdaq-listed consumer financial services company. Recent Form 8-K reports cover operating results and financial condition, including quarterly and annual earnings releases, revenue, profitability metrics, portfolio yield, originations, charge-offs, interest expense, liquidity, and guidance-related disclosures.
The filing record also documents Oportun's debt capital structure and financing arrangements, including asset-backed notes secured by unsecured and secured personal installment loans and warehouse financing facilities. Governance and corporate records include executive officer transitions, board appointments, compensatory matters, and the company's registered common stock on the Nasdaq Global Select Market.
Bland Douglas K reported acquisition or exercise transactions in this Form 4 filing.
Oportun Financial Corp reported that Chief Executive Officer Douglas K. Bland received equity-based compensation awards. He was granted 463,822 Restricted Stock Units (RSUs), which vest over three years, with 33% vesting on the first anniversary of the grant and the remainder in eight quarterly installments, subject to continued service.
He was also granted 463,822 Performance Stock Units (PSUs)March 10, 2029 if both performance and service conditions are met.
Oportun Financial Corporation reported lower profitability for the quarter ended March 31, 2026. Total revenue slipped to $228.8M from $235.9M, as interest income declined modestly and non-interest income fell to $13.1M on weaker Pathward program and savings-related revenue.
Net income dropped to $2.3M from $9.8M, driven by a larger net decrease in fair value of loans and asset-backed notes and slightly higher net charge-offs of $84.9M. The Annualized Net Charge-Off Rate rose to 12.7%, while the 30+ Day Delinquency Rate improved slightly to 4.5%. Operating expenses were essentially flat at $91.3M, with lower technology and marketing spend offset by higher personnel costs.
On the balance sheet, Loans Receivable at Fair Value were $2.77B and total assets were $3.17B. Total liabilities fell to $2.77B, and stockholders’ equity increased to $396.3M, aided by warrant exercises and stock-based compensation. Oportun continued to rely on securitizations and secured facilities, issuing a $485.0M 2026-A asset-backed deal and redeeming higher-cost notes, which helped reduce its Cost of Debt to 7.0%.
Oportun Financial Corporation reported first-quarter 2026 results that stayed profitable but softened versus last year. Total revenue was $228.8 million, down from $235.9 million, as originations fell 11% to $416.9 million under a tighter credit posture. Net income was $2.3 million, compared with $9.8 million a year earlier, for diluted EPS of $0.05.
On a non-GAAP basis, Adjusted Net Income was $10.2 million versus $18.6 million, and Adjusted EPS was $0.21 versus $0.40. Adjusted EBITDA was $29.4 million, down from $33.5 million. Credit quality metrics were mixed: the annualized net charge-off rate rose to 12.7% from 12.2%, while the 30+ day delinquency rate improved to 4.5% from 4.7%.
The company ended the quarter with $209.9 million of cash and restricted cash and maintained a sixth consecutive GAAP-profitable quarter. For full-year 2026, Oportun reiterated guidance, including total revenue of $935–$955 million, Adjusted EBITDA of $150–$165 million, Adjusted Net Income of $74–$82 million and Adjusted EPS of $1.50–$1.65, implying mid-teens adjusted earnings growth at the midpoint.
Oportun Financial Corporation filed Amendment No. 1 to its 2025 Annual Report to add Part III disclosures on directors, executive officers, compensation, ownership, and governance. The amendment does not change previously reported financial statements and should be read together with the original report.
For 2025, Oportun reported net income of $25.2 million compared with a $78.7 million loss in 2024, and Adjusted EBITDA of $148.4 million versus $104.5 million. Management highlighted balance sheet moves, including a $70 million reduction in corporate debt and an increase in unrestricted cash to $106 million.
The filing details a leadership transition from former CEO Raul Vazquez to new CEO Douglas Bland in April 2026, expanded use of performance-based equity, retention awards for key executives, and a pay mix where most top executive compensation is at risk and tied to company results.
Oportun Financial Corp filed an initial Form 3 for Douglas K. Bland, who serves as Chief Executive Officer and director. The filing establishes his status as a reporting person but does not list any stock holdings or transactions at this time.
Forager Fund group reports 3,514,856 shares beneficially owned of Oportun Financial Corporation. The joint filing by Forager Fund, L.P., Forager Capital Management, LLC, Edward Kissel and Robert MacArthur states aggregate ownership of 3,514,856 shares of Common Stock, representing 7.9% of the class based on 44,500,268 shares outstanding as of February 18, 2026. The Fund and its General Partner hold sole voting and dispositive power over the 3,514,856 shares; Messrs. Kissel and MacArthur report shared voting and dispositive power over the same amount. The filing is an amendment (Schedule 13G/A) and includes joint filing and power-of-attorney exhibits.
Oportun Financial Corporation appointed Doug Bland as Chief Executive Officer and principal executive officer, effective April 20, 2026. He also joins the Board as a Class III director, while prior co-principal executive officers Kathleen Layton and Gaurav Rana return to their existing functional roles.
Under his offer letter, Bland receives a $750,000 annual base salary, a target annual bonus equal to 125% of salary, a $500,000 cash signing bonus paid in four quarterly installments, and a $500,000 long-term cash retention award vesting over three years. He will be granted a new-hire equity award with a $5,000,000 target value split between RSUs and performance-vesting RSUs, with RSUs vesting over three years and PSUs vesting after a three-year performance period tied to Economic ROA and relative total stockholder return.
To support these and other inducement grants, the Compensation Committee amended the Amended and Restated 2021 Inducement Equity Incentive Plan to add 1,200,000 shares, bringing total reserved shares to 2,305,000, of which 1,664,510 remain available for future awards, without stockholder approval under Nasdaq Rule 5635(c)(4).
Oportun Financial Corp executive Gaurav Rana, CO-PEO and GM of Lending, has filed an initial ownership report showing his equity position in the company. He directly owns 180,031 shares of common stock, which include multiple unvested restricted stock unit awards, and 25 additional shares held indirectly by his spouse.
Rana also holds several stock option grants over Oportun common stock: 4,228 shares at an exercise price of $23.65 expiring on August 31, 2027, 10,775 shares at $18.04 expiring on June 27, 2029, and further options with exercise prices of $19.00, $21.26 and $13.26 expiring between March 9, 2030 and March 9, 2032. One of the reported options is fully vested, while the RSU awards vest in equal annual installments through 2027 and 2028, subject to his continued service.
Oportun Financial Corporation announced a leadership transition, with CEO Raul Vazquez stepping down on April 3, 2026 and becoming a non-employee advisor until July 3, 2026. He will also leave the board on April 3.
Effective April 4, 2026, Chief Legal Officer Kate (Kathleen) Layton and Senior Vice President, General Manager, Lending Gaurav Rana will jointly lead the company through an Office of the CEO, serving as co-principal executive officers on an interim basis while the board continues its search for a permanent CEO. Both will retain their existing roles and receive a $35,000 monthly base salary increase during their tenure in the Office of the CEO, on top of current base salaries of $450,000 for Ms. Layton and $435,750 for Mr. Rana, plus existing bonus and equity eligibility.
Oportun Financial Corp amended Schedule 13G to report that The Vanguard Group holds 0 shares of Common Stock, representing 0% of the class. The filing explains an internal realignment effective January 12, 2026 that led to disaggregated reporting by Vanguard subsidiaries, and states Vanguard no longer is deemed to beneficially own securities held by those subsidiaries. The amendment is signed by Ashley Grim, Head of Global Fund Administration, dated March 27, 2026.