Short answer
Oportun Financial Corp (OPRT) filed its Q1 2026 10-Q quarterly report on May 8, 2026 for the quarter ended Mar 31, 2026. Quarterly revenue was $5M (down 9.8% year over year) with net income of $2M.
Q1 2026 key financials · XBRL
- Revenue
- $5M
- −9.8% YoY
- Net income
- $2M
- −76.0% YoY
- EPS (diluted)
- $0.05
- −76.2% YoY
Source: XBRL data from the Oportun Financial Corp (OPRT) Q1 2026 10-Q on SEC EDGAR. USD.
Oportun Financial Corp Q1 2026 10-Q analysis
AI summary of MD&A and risk factor updates
Management Discussion & Analysis
- Revenue $228.8M, down 3.0% YoY from $235.9M
- Net income $2.3M vs $9.8M; effective tax rate 34.1% vs 25.8%
- Portfolio yield 32.1% vs 33.0%; annualized net charge-off rate 12.7% vs 12.2%
- Aggregate originations $416.9M, down 11.2% from $469.4M
- Operating expenses expected substantially flat in 2026; food, fuel, rent, and macroeconomic uncertainty pressuring members
Risk Factors
- Newly heightened tariff and retaliatory-measure exposure, triggered by significant new U.S. import tariffs and resulting market instability
- Fair-value volatility risk, with loans representing 88% of assets and asset-backed notes 7% of liabilities as of March 31, 2026
- Regulatory dependence on Pathward, which originated approximately 99% of personal loans in the quarter
- Competitive pressure from better-capitalized fintechs, banks, and nonbank lenders threatening near-term originations and revenue
- Interest-rate spread compression, with over 90% of revenue from interest payments and no hedging of debt-financing exposure
Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K
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