Oportun Financial Corp (OPRT) Q3 2024 Earnings Call Highlights: Profitability Surges Amid ... [Yahoo! Finance]
Oportun Financial Corporation - common stock (OPRT)
Last oportun financial corporation - common stock earnings: 2/27 04:05 pm
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Source: Yahoo! Finance
Oportun Financial Corp ( NASDAQ:OPRT ) reported lower charge-offs with an annualized net charge-off rate of 11.9%, which was better than the lower end of their guidance range. The company achieved higher profitability, generating $31 million of adjusted EBITDA, more than doubling last year's level. Operating expenses were reduced by 17% year over year, with expectations to further reduce GAAP operating expenses to $97.5 million or less by the fourth quarter. Oportun Financial Corp ( NASDAQ:OPRT ) successfully closed the sale of its credit card portfolio, which is expected to be accretive to adjusted EBITDA by $2 million this quarter and $11 million for the full year 2025. The company executed an agreement for a $235 million four-year senior term loan facility, enhancing operational flexibility and strengthening the balance sheet. Total revenue declined by 7% year over year, driven by a 7% decline in the average daily principal balance. Interest expense increased by $9 mil
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OPRT
News
- Oportun Holiday Savings Report Reveals Consumers Saved More For This Holiday Season [Yahoo! Finance]Yahoo! Finance
- Oportun Holiday Savings Report Reveals Consumers Saved More For This Holiday SeasonGlobeNewswire
- Oportun Financial Corporation (OPRT) Q3 2024 Earnings Call Transcript [Seeking Alpha]Seeking Alpha
- Oportun Financial (OPRT) Q3 Earnings: Taking a Look at Key Metrics Versus Estimates [Yahoo! Finance]Yahoo! Finance
- Oportun Completes Sale of its Credit Card PortfolioGlobeNewswire
OPRT
Earnings
- 11/12/24 - Beat
OPRT
Analyst Actions
- 9/24/24 - Singular Research
OPRT
Sec Filings
- 11/21/24 - Form SC
- 11/20/24 - Form SC
- 11/15/24 - Form 8-K
- OPRT's page on the SEC website