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Oportun Q1 FY26 net income drops to $2.3 million; revenue falls 3% to $229 million

PUBT·05/07/2026 20:37:29
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Oportun Q1 FY26 net income drops to $2.3 million; revenue falls 3% to $229 million
  • Oportun posted first-quarter net income of USD 2.3 million, down from USD 10 million a year earlier, with diluted EPS falling to USD 0.05 from USD 0.21.
  • Revenue slipped 3% year over year to USD 229 million, while aggregate originations dropped 11% to USD 417 million under a tight credit posture.
  • Annualized net charge-off rate rose 0.5 percentage points to 12.7%, while 30+ day delinquency eased to 4.5% from 4.7%.
  • Doug Bland, who joined as CEO last month, said the company made progress on GAAP profitability, lower funding costs, improved liquidity, but flagged more work to improve through-cycle credit performance and rebuild profitable growth.
  • Full-year 2026 guidance was reiterated, including revenue of USD 935 million-USD 955 million and adjusted EPS of USD 1.50-USD 1.65.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Oportun Financial Corp. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202605071605PRIMZONEFULLFEED9715761) on May 07, 2026, and is solely responsible for the information contained therein.