OPRT earnings analysis
What we found in OPRT's 10-Q: the parts that mattered, the offsets in the same document, and what the company said about what comes next.
Our reading of the filing · Free to read, no account needed
Oportun Financial Corporation reported Q1 2026 results with revenue of $228.8 million and adjusted EPS of $0.21, surpassing estimates but declining 3% and displaying a significant drop from last year's $235.9 million. Critically, the company experienced a notable deterioration in net income, reporting $2.3 million, a steep decrease from $9.8 million in the prior year, largely due to increased charge-offs and operational expenses, compounding the challenges brought on by market conditions.
The parts that mattered.
Pulled out of the filing itself, with the figures the company reported.
- Positive EPS Surprise
- Actual diluted EPS of $0.21 beat consensus estimates of $0.16 but fell from $0.26 in 2024Q4.
- Operating Expenses Steady
- Operating expenses remained relatively flat at $91.3 million for Q1 2026 compared to $92.7 million in Q1 2025.
- Cash Flow Upswing
- Operating cash flow increased to $103.7 million in Q1 2026 from $101 million in Q1 2025.
- Slight Improvement in Delinquency Rate
- 30+ day delinquency rate improved to 4.5% from 4.7% a year ago.
- Increased Cash Reserves
- Cash and cash equivalents increased to $130.4 million from $128.4 million in the previous quarter.
- Debt Reduction Progress
- Interest expense decreased by 16.4% to $48 million from $57.4 million year over year.
And the other side of it.
The offsets in the same document — the things a summary that only listed the good news would have left out.
- Dramatic Net Income Decline
- Net income plummeted to $2.3 million in Q1 2026 from $9.8 million in Q1 2025, revealing operational distress.
- Increased Charge-Off Rates
- Annualized net charge-off rate increased to 12.7%, up from 12.2%, signaling a worsening credit environment.
- Revenue Contraction
- Total revenue fell by 3% to $228.8 million from $235.9 million in Q1 2025, reflecting declining market conditions.
What they reported.
What the company itself reported, taken out of the document.
- Earnings per share
- $0.21
What they said about what is next.
Full-year 2026 guidance reflects a projected 16% increase in Adjusted EPS.
The filing reads worse than the one before it.
What came before.
- 10-K · April 30, 2026
- Oportun Financial Corporation's 10-K shows significant operational improvement in 2025, highlighted by consistent GAAP profitability and strong adjusted EPS growth. The company focuses on maintaining a disciplined…
- 10-K · February 27, 2026
- Oportun positions itself as an AI-driven, mission-led provider of responsible credit and automated savings (Set & Save), emphasizing underwriting using alternative data and expansion of secured personal loans. The…
- 10-Q · November 5, 2025
- Oportun returned to quarterly profitability in Q3 2025 with net income of $5,198 (thousands) and diluted EPS of $0.11, reversing a year‑ago loss of $29,956 (thousands) and $(0.75) EPS. Total revenue for the quarter was…
- 10-Q · May 9, 2025
- Oportun (10-Q for quarter ended March 31, 2025) returned to profitability with net income of $9.8M and diluted EPS of $0.21 versus a net loss of $26.4M and loss per share of $0.68 in Q1 2024, on total revenue of $235.9M…
This is our reading of a public filing, not the filing. Read the original on SEC.gov · Educational only. Nothing here is investment advice.
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