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.
Oportun Financial Corporation is planning a leadership change, with CEO Raul Vazquez agreeing to step down as chief executive and board member. He will remain CEO and a director until a new CEO is appointed, but no later than April 3, 2026, and then continue as an advisor until July 1, 2026, to support the transition. The company states his transition is not related to any disagreement.
Under a transition agreement, Vazquez keeps his base salary, benefits and equity vesting while employed, remains eligible for a 2025 bonus if he stays through April 3, 2026, and then receives cash severance of $1,102,500 over 18 months plus a prorated payment based on $918,750. Oportun will pay up to 18 months of COBRA premiums, fully vest his unvested time-based restricted stock units, and allow certain 2025 performance-based units to remain eligible to vest under specified conditions. During a subsequent advisory period through July 3, 2026, he will be paid $61,250 per month. The company also furnished a press release with preliminary unaudited results for the fourth quarter and full year 2025.
Oportun Financial Corporation reported a return to profitability. For the quarter ended September 30, 2025, net income was $5.2 million compared with a net loss a year ago, as net revenue rose to $105.1 million on lower fair value losses and reduced operating expenses. Total revenue was $238.7 million, and operating expenses declined to $90.8 million.
The funding mix shifted meaningfully. Asset‑backed notes at fair value decreased to $352.8 million from $1.08 billion, while asset‑backed borrowings at amortized cost increased to $2.04 billion. The company issued $538.5 million of 2025‑C asset‑backed notes at a weighted average coupon of 5.23% and redeemed $131.6 million of 2022‑A notes. Cash provided by operating activities for the nine months was $304.5 million. Total assets were $3.19 billion and stockholders’ equity was $383.9 million.
Oportun amended its Pathward program to purchase 100% of newly originated loans effective October 1, 2025, and began acquiring Pathward’s retained portfolio with an initial purchase of about $115.0 million on October 3, 2025. Corporate financing outstanding principal was $202.5 million at a 15.00% rate, and the company remained in covenant compliance. Common shares outstanding were 44,129,020 as of October 29, 2025.
Oportun Financial Corporation furnished an 8-K announcing financial results for the fiscal quarter ended September 30, 2025, via a press release attached as Exhibit 99.1.
The company noted that the information in this report, including Exhibit 99.1, is being furnished and not filed under the Exchange Act, which means it is not subject to Section 18 liability and is not incorporated by reference unless expressly stated.
Oportun Financial Corporation expanded its funding capacity. The company entered a new three-year personal loan warehouse facility with approximately $247 million of borrowing capacity. Borrowings accrue interest at no greater than Term SOFR plus a weighted average spread up to 2.58%, with a 95.0% advance rate that can step down to 92.0% if default, delinquency, or liquidity triggers occur. The agreement includes customary representations, covenants on leverage, tangible net worth, and minimum unrestricted cash, and standard events of default that could allow lenders to accelerate repayment.
Separately, Oportun issued approximately $441 million of two-year revolving fixed-rate asset-backed notes through Oportun Issuance Trust 2025-D. The five note classes were privately placed under Rule 144A, with a weighted average yield of 5.77% and a weighted average coupon of 5.69%.
Oportun Financial Corp (OPRT) filed an 8-K containing forward-looking statements about an amendment to a Program Agreement that the company expects will eliminate derivative accounting associated with that agreement. The filing says the amendment relates to the timing, structure and anticipated purchase price of future loan purchases under the Program Agreement and notes the company plans to use existing warehouse financing vehicles to fund such purchases. It emphasizes these are forward-looking statements subject to risks including the parties' ability to satisfy closing conditions, the performance of the loan portfolio and prevailing economic conditions.
Joseph Andrew Schueller, SVP-Controller, PAO & PFO of Oportun Financial Corp (OPRT), was granted 28,090 Restricted Stock Units (RSUs) on 09/10/2025. The report shows the reporting person beneficially owns 28,090 shares following the transaction, held in direct ownership. The RSUs vest over three years: one-third vests on the first anniversary of the grant date and the remaining two-thirds vest in quarterly installments thereafter, subject to continued service on each vesting date. Each RSU represents the right to receive one share of common stock at settlement. The Form 4 is signed on behalf of the reporting person by an attorney-in-fact on 09/11/2025.
Reporting person: Kathleen Layton, Chief Legal Officer of Oportun Financial Corp (OPRT). Transaction: On 09/10/2025 Ms. Layton had 4,214 shares of OPRT sold to cover tax withholding from the vesting of restricted stock units. The sales were automatic to satisfy tax obligations and were not discretionary trades by the reporting person. The weighted average sale price was $6.64, with individual trades ranging from $6.63 to $6.665 per share. After the transaction Ms. Layton beneficially owned 159,184 shares, held directly. The Form 4 was signed on 09/11/2025.
Oportun Financial Corporation (OPRT) filed a Form 144 reporting a proposed sale of 4,226 shares of common stock through Charles Schwab & Co., Inc. on 09/10/2025. The filing lists an aggregate market value of $28,067.00 and indicates 44,009,399 shares outstanding, placing the proposed sale at under 0.01% of outstanding shares.
The shares were recorded as acquired on 09/10/2025 via a Restricted Stock Lapse from Oportun Financial Corp and the consideration type is noted as Equity Compensation. The filer represents there are no undisclosed material adverse facts about the issuer.
Oportun Financial Corporation (OPRT) filed an amended Form 144 notifying a proposed sale of 3,417 common shares with an aggregate market value of $23,748.00. The shares are to be sold on 09/04/2025 on NASDAQ through Charles Schwab & Co., Inc. The securities were acquired on 06/28/2024 by a restricted stock lapse from Oportun Financial Corp and were received as equity compensation. The filer reports no securities sold by the same person during the past three months and affirms no undisclosed material adverse information.
Oportun Financial Corporation (OPRT) filed an amended Form 144 notifying a proposed sale of 3,417 common shares with an aggregate market value of $23,748.00. The shares are to be sold on 09/04/2025 on NASDAQ through Charles Schwab & Co., Inc. The securities were acquired on 06/28/2024 by a restricted stock lapse from Oportun Financial Corp and were received as equity compensation. The filer reports no securities sold by the same person during the past three months and affirms no undisclosed material adverse information.
Oportun Financial Corporation (OPRT) filed an amended Form 144 notifying a proposed sale of 3,417 common shares with an aggregate market value of $23,748.00. The shares are to be sold on 09/04/2025 on NASDAQ through Charles Schwab & Co., Inc. The securities were acquired on 06/28/2024 by a restricted stock lapse from Oportun Financial Corp and were received as equity compensation. The filer reports no securities sold by the same person during the past three months and affirms no undisclosed material adverse information.
Oportun Financial Corp (OPRT) filed a Form 144 reporting a proposed sale of 3,417 common shares by a person for whose account the securities are to be sold. The filing shows an aggregate market value of $23,748 based on the proposed sale and indicates 44,009,399 shares outstanding. The shares were acquired on 06/28/2024 through a restricted stock lapse as equity compensation from Oportun Financial Corp. The filing lists Charles Schwab & Co., Inc. as the broker and an approximate sale date of 09/04/2025. No securities were reported sold by this person in the past three months.