Oportun reports Q1 net income of $2.3M, sixth straight profitable quarter; reaffirms 2026 guidance

Filed May 7, 2026 · Period ending May 7, 2026 · ~1 min read

Key Changes

• high

  Q1 GAAP net income $2.3M ($0.05/share), down from $10M ($0.21/share) in Q1 2025, driven by higher fair value marks and lower revenue; adjusted net income $10M ($0.21/share) vs. $19M ($0.40/share) prior year.

  Exhibit 99.1 verify on EDGAR →
• high

  Total revenue declined 3% to $229M; originations fell 11% to $417M reflecting tight credit posture. Management expects mid-single-digit origination growth for full year 2026.

  Exhibit 99.1 verify on EDGAR →
• high

  Annualized net charge-off rate rose 50 bps to 12.7%; net charge-offs up 4% to $85M. Full-year 2026 charge-off rate expected at 11.9% ±50 bps.

  Exhibit 99.1 verify on EDGAR →