Earnings Releases·Nov 3, 2026, 4:27 PM ET

Oportun — Q3 2026 Earnings Summary

Q3 2026 revenue rose 3% YoY to $246 million, while GAAP net income surged to $23 million from $5.2 million and Adjusted EPS increased to $0.51 from $0.39, driven by a 10% decline in net charge-offs to $71 million and a 193 bps reduction in cost of debt.
Full-year 2026 guidance was raised across key metrics, including total revenue to $955–$960 million, Adjusted EPS to $1.60–$1.70, and Adjusted EBITDA to $183–$188 million, alongside a lowered charge-off rate outlook of 11.6% ±10 bps.
Originations grew 12% YoY to $572 million supported by lower-risk segments, while the company repaid $68 million in corporate debt to reduce its debt-to-equity ratio to 6.2x and maintain $735 million in undrawn warehouse capacity.
Strategic initiatives include the launch of "Oportun Forward" to streamline operations and new leadership appointments for CFO, Chief Retail and Sales Officer, and Chief Product Officer, with management emphasizing disciplined credit posture and organic investment.