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OPRT-News
OPRT-Events
Oportun Appoints Bernardo Martinez as Chief Retail and Sales Officer
Oportun announced that Bernardo Martinez has joined the company as Chief Retail and Sales Officer and Garrett Hope has joined as Chief Product Officer. Martinez will lead the functions that shape Oportun's member experience across its digital, retail and contact center channels. Hope will lead product strategy and development, helping the company deliver products and experiences that support members throughout their financial journey.
Oportun Appoints Bill Franklin as CFO
Oportun (OPRT) announced that Bill Franklin has joined the company as CFO, effective immediately. Franklin will lead Oportun's finance organization and partner with the executive leadership team to advance the company's financial strategy, operating discipline, and long-term value creation. At Discover (DFS), he served as senior VP and CFO of consumer banking overseeing financial planning and analysis for Discover's consumer lending and deposit businesses, including personal loans.
Sees Q3 Adjusted EBITDA of $43M-$48M
Sees Q3 adjusted EBITDA $43M-$48M.
Oportun Raises FY26 Revenue Outlook to $935M-$955M
Backs FY26 revenue view $935M-$955M, consensus $942.51M. Raises FY26 adjusted EBITDA view to $160M-$175M from $150M-$165M. The company said, "We have turned the page in Oportun's story and begun writing the next chapter: one focused on accelerating our execution of the mission that has guided this company since its founding. Given our second quarter performance and our outlook for the balance of the year, we are improving our annualized net charge-off range expectation by 20 basis points, and raising our full year Adjusted EBITDA range expectation by 6% at their respective midpoints."
Oportun Reports Q2 Revenue of $233.2M, Exceeding Expectations
Reports Q2 revenue $233.2M, consensus $230.75M. "I'm pleased with our 2Q results," said Doug Bland, CEO of Oportun. "Disciplined execution, including a return to originations growth, a lower cost of capital and continued expense discipline, enabled us to deliver another quarter of GAAP profitability while outperforming the top end of our guidance ranges for both total revenue and Adjusted EBITDA. Our annualized net charge-off rate also outperformed our guidance range and our 30-plus day delinquency rate, our lowest since 4Q21, reinforces our confidence that credit performance will continue improving during the second half of the year."
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