Oportun Financial Corp SEC Filings

Oportun Financial Corp Chief Credit Officer Patrick Kirscht reported stock awards and open-market sales. He received 37,524 Performance Stock Units, each tied to one share of common stock and eligible to vest based on multi-year performance and service conditions. He was also granted 75,047 Restricted Stock Units that vest in three equal annual installments starting on March 10, 2026.

On the same date, Kirscht sold a total of 54,299 common shares in open-market transactions at a weighted average price of about $4.90 per share, with individual trade prices ranging from $4.805 to $4.995. Following these transactions and awards, he directly holds 514,665 shares of common stock, plus unvested performance and restricted stock units.

Oportun Financial Corp’s Chief Executive Officer Raul Vazquez reported several tax-related share dispositions, not market sales. On March 10, 2026, a total of 90,331 shares of common stock were withheld by the company to satisfy tax obligations tied to vesting of previously reported restricted stock units. Following these tax-withholding entries, Vazquez directly owns 1,328,298 shares of Oportun common stock and indirectly holds 233,709 shares through a family trust for which he serves as trustee.

Oportun Financial Corp Chief Legal Officer Kathleen I. Layton reported a mix of equity awards and share sales. She received 35,179 Performance Stock Units (PSUs), each tied to one common share, that may vest based on Economic ROA and relative total shareholder return performance over calendar years 2026–2028, with potential payout from 0% to 125% of target units and final vesting scheduled for March 10, 2029. She also received 70,357 Restricted Stock Units (RSUs), each representing one common share, which vest in three equal annual installments starting March 10, 2026, subject to continued service.

On the same date, Layton sold a total of 19,355 shares of common stock in multiple open‑market transactions at a weighted average price of about $4.90 per share, with actual prices ranging from $4.805 to $4.995. After these transactions, she directly holds 296,229 shares of common stock, plus the newly granted PSUs and RSUs.

Oportun Financial Corporation files its annual report describing 2025 net income of $25.2 million after a 2024 net loss of $78.7 million, largely driven by fair value changes and lower operating expenses. The company provides unsecured and secured personal loans and a Set & Save™ automated savings product to underserved U.S. consumers.

Since 2005, Oportun has extended more than $21.8 billion in credit through over 8.0 million loans and credit cards and helped over 1.3 million people start a FICO® history. Its Set & Save tool has enabled members to set aside more than $12.5 billion, averaging about $1,800 in annual savings per member, using machine learning to analyze cash flows.

The company’s strategy focuses on improving credit outcomes toward a 9%–11% net charge-off target, boosting loan yields, controlling expenses, and expanding higher-collateral secured personal loans and Lending as a Service partnerships, while remaining heavily reliant on bank partner Pathward for originations. Shares outstanding were 44,500,268 as of February 18, 2026.

Oportun Financial Corporation returned to profitability in 2025 and raised its outlook for 2026. Full year 2025 GAAP net income was $25.2M, up $104M from a $78.7M loss in 2024, while total revenue slipped to $956.7M from $1,001.8M.

GAAP diluted EPS reached $0.53 and Adjusted EPS rose 89% to $1.36. Adjusted EBITDA grew 42% to $148.4M as operating expenses fell 12% to $361.8M. Credit performance remained stable, with a full year net charge-off rate of 12.0% and 30+ day delinquencies of 4.9%.

Management guided 2026 Adjusted EPS to $1.50–$1.65, Adjusted Net Income to $74–$82M, and Adjusted EBITDA to $150–$165M. Secured personal loan receivables reached $226M, up 39% year-over-year, and undrawn warehouse capacity stood at $934M as of December 31, 2025.

Oportun Financial Corporation completed a new asset-backed securitization, issuing about $485 million of two-year revolving fixed-rate notes backed by unsecured and secured personal installment loans. The deal includes five classes of notes, all rated by Fitch from AAA on the senior class down to BB- on the subordinated tranche.

The 2026-A transaction carries a weighted average coupon of 5.25% and a weighted average yield of 5.32%, which the company notes is 45 basis points lower than its October 2025 ABS deal and its fourth consecutive sub-6% ABS transaction. Oportun states it has raised more than $1.9 billion through the ABS market over the last nine months.

The company also highlights balance sheet improvements, saying strong core business performance enabled it to repay $70 million of corporate debt in 2025, including $37.5 million during the fourth quarter, as it continues to focus on lowering its cost of capital.

The Vanguard Group reported beneficial ownership of 2,263,271 shares of Oportun Financial Corp common stock, representing 5.12% of the class as of December 31, 2025.

Vanguard has shared power to vote 381,656 shares and shared power to dispose of 2,263,271 shares, with no sole voting or dispositive power. The shares are held for clients, who have rights to dividends and sale proceeds, but no single client has more than 5% of the class.

Vanguard states the position is held in the ordinary course of business and not to change or influence control of Oportun. It also notes an internal realignment effective January 12, 2026, after which certain subsidiaries or business divisions are expected to report beneficial ownership separately.