Detailed financial statements for Oportun Financial Corporation (OPRT): income statement, balance sheet and cash-flow summary. Track margins, debt, liquidity and profitability trends year over year with up to 20 years of history.
This financial institution specializes in providing a range of monetary services, encompassing personal loans, vehicle financing, and credit card options. Customers can access their offerings through diverse channels, including digital platforms, over the phone, or by visiting their physical retail locations.
Analysis Summary
Oportun Financial Corporation reported revenue of $637.3M in the most recent fiscal year, growing at a 5-year CAGR of 10.1%.
Trailing-twelve-month margins: gross margin 70.2%, operating margin 5.8%, net margin 2.8%. Free cash flow grew at 24.3% CAGR over 5 years.
At the current price of $7.80, OPRT trades at a P/E of 20.88 and an ROE of 4.95%. Market capitalisation stands at $358M.
Balance sheet quality for OPRT: current ratio of 9.2, net debt of $2.71B. A debt-to-equity below 1.0 typically signals conservative capital structure, while a current ratio above 1.5 indicates comfortable short-term liquidity.
Cash flow quality is strong: free cash flow of $389.1M represents 1541% conversion of reported net income. High conversion (above 90%) suggests earnings translate cleanly into cash; lower conversion may indicate working capital tightness or accounting timing differences.
Income Statement (10y)
| Year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $277.5M | $361.0M | $520.5M | $502.9M | $393.4M | $578.1M | $733.7M | $460.1M | $533.4M | $637.3M |
| Cost of Revenue | $99.1M | $134.7M | $63.1M | $56.1M | $58.4M | $47.7M | $93.0M | $179.4M | $238.2M | $231.5M |
| Gross Profit | $178.4M | $226.2M | $457.4M | $446.8M | $335.1M | $530.5M | $640.7M | $280.7M | $295.2M | $405.8M |
| Research & Development | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Selling, General & Admin | $88.5M | $122.1M | $151.7M | $203.2M | $216.3M | $270.2M | $323.7M | $269.5M | $207.4M | $184.5M |
| Operating Expenses | $162.3M | $224.2M | $287.3M | $362.4M | $393.2M | $467.7M | $715.9M | $534.3M | $410.4M | $361.8M |
| Operating Income | $16.1M | $2.1M | $170.1M | $84.4M | -$58.1M | $62.8M | -$75.3M | -$253.7M | -$115.2M | $44.1M |
| EBITDA | $24.4M | $12.7M | $181.9M | $98.5M | -$37.9M | $89.9M | -$27.8M | -$198.8M | -$64.0M | $85.5M |
| Interest Expense | $28.8M | $36.4M | $46.9M | $60.5M | $58.4M | $47.7M | $93.0M | $179.4M | $238.2M | $231.5M |
| Pre-tax Income | $16.1M | $2.1M | $170.1M | $84.4M | -$58.1M | $62.8M | -$75.3M | -$253.7M | -$115.2M | $44.1M |
| Income Tax | -$34.8M | $12.3M | $46.7M | $22.8M | -$13.0M | $15.4M | $2.5M | -$73.7M | -$36.5M | $18.8M |
| Net Income | $50.9M | -$10.2M | $123.4M | $61.6M | -$45.1M | $47.4M | -$77.7M | -$180.0M | -$78.7M | $25.2M |
| EPS | $2.31 | $-0.46 | $5.60 | $0.46 | $-1.65 | $1.68 | $-2.37 | $-4.88 | $-1.95 | $0.53 |
| EPS (Diluted) | $2.20 | $-0.46 | $5.59 | $0.40 | $-1.65 | $1.56 | $-2.37 | $-4.88 | $-1.95 | $0.53 |
| Shares Outstanding (Diluted) | $23.1M | $22.1M | $22.1M | $10.8M | $27.3M | $30.3M | $32.8M | $36.9M | $40.4M | $47.9M |
Income Statement (Quarterly)
| Year | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|---|---|---|---|
| Revenue | $161.7M | $148.3M | $142.8M | $233.2M |
| Gross Profit | $105.0M | $90.4M | $94.8M | $191.3M |
| Operating Income | $14.2M | $6.6M | $3.6M | $15.6M |
| EBITDA | $24.4M | $16.0M | $12.6M | $24.6M |
| Net Income | $5.2M | $3.4M | $2.4M | $8.5M |
| EPS | $0.11 | $0.07 | $0.05 | $0.17 |
| EPS (Diluted) | $0.11 | $0.07 | $0.05 | $0.17 |
Balance Sheet (10y)
| Year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $35.6M | $48.3M | $70.5M | $72.2M | $136.2M | $131.0M | $98.8M | $91.2M | $60.0M | $105.5M |
| Short-term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Receivables | 0 | 0 | 0 | $33.9M | $22.9M | $34.2M | $11.1M | $8.8M | $8.4M | 0 |
| Inventory | 0 | -$117.6M | -$182.0M | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Current Assets | $75.0M | $64.6M | $114.0M | $118.3M | $176.3M | $190.6M | $134.1M | $115.7M | $80.0M | $105.5M |
| Property, Plant & Equipment | $15.8M | $17.2M | $23.2M | $73.3M | $62.7M | $48.3M | $41.0M | $28.1M | $12.8M | $9.4M |
| Goodwill | 0 | 0 | 0 | 0 | 0 | $104.0M | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | $5.7M | $5.5M | $18.3M | $27.5M | $131.2M | $139.8M | $114.7M | $86.6M | $71.7M |
| Total Assets | $958.2M | $1.22B | $1.74B | $2.20B | $2.01B | $2.95B | $3.61B | $3.41B | $3.23B | $3.26B |
| Accounts Payable | 0 | $8.2M | $10.6M | $9.8M | $5.2M | $11.6M | $18.1M | $13.7M | $17.6M | $17.4M |
| Short-term Debt | 0 | $154.3M | 0 | $60.9M | $246.4M | $393.9M | $317.6M | $290.0M | 0 | $6.7M |
| Total Current Liabilities | $10.4M | $162.5M | $95.9M | $83.6M | $269.5M | $442.0M | $361.9M | $328.4M | $30.1M | $11.5M |
| Long-term Debt | $708.2M | $779.7M | $1.22B | $1.55B | $1.41B | $2.16B | $2.93B | $2.91B | $2.80B | $2.80B |
| Total Liabilities | $734.6M | $998.3M | $1.39B | $1.71B | $1.54B | $2.34B | $3.07B | $3.01B | $2.87B | $2.87B |
| Retained Earnings | -$61.6M | -$70.7M | $52.7M | $76.7M | $36.4M | $83.8M | $6.1M | -$173.8M | -$252.5M | -$227.3M |
| Total Equity | $223.6M | $216.7M | $346.5M | $488.8M | $466.6M | $603.9M | $547.6M | $404.4M | $353.8M | $390.1M |
| Total Debt | $708.2M | $934.0M | $1.31B | $1.66B | $1.71B | $2.60B | $3.28B | $3.23B | $2.82B | $2.81B |
| Net Debt | $672.7M | $885.6M | $1.24B | $1.59B | $1.57B | $2.47B | $3.18B | $3.14B | $2.76B | $2.71B |
| Working Capital | $64.6M | -$97.9M | $18.1M | $34.6M | -$93.2M | -$251.4M | -$227.8M | -$212.7M | $49.9M | $94.0M |
Balance Sheet (Quarterly)
| Year | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|---|---|---|---|
| Cash & Equivalents | $104.6M | $105.5M | $209.9M | $139.6M |
| Total Assets | $3.19B | $3.26B | $3.17B | $3.13B |
| Total Liabilities | $2.80B | $2.87B | $2.77B | $2.72B |
| Total Equity | $383.9M | $390.1M | $396.3M | $407.1M |
| Total Debt | $2.74B | $2.81B | $2.72B | $2.66B |
Cash Flow (10y)
| Year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | $50.9M | -$10.2M | $123.4M | $61.6M | -$45.1M | $47.4M | -$77.7M | -$180.0M | -$78.7M | $25.2M |
| Depreciation & Amortization | $8.4M | $10.6M | $11.8M | $14.1M | $20.2M | $27.1M | $47.5M | $54.9M | $51.2M | 0 |
| Stock-based Compensation | $4.5M | $5.7M | $6.8M | $19.2M | $19.5M | $18.9M | $27.6M | $18.6M | $13.0M | 0 |
| Change in Working Capital | $7.3M | $18.4M | -$29.9M | $15.1M | -$34.3M | -$10.4M | -$80.7M | -$21.1M | -$30.3M | -$2.3M |
| Operating Cash Flow | $113.9M | $139.1M | $138.4M | $218.4M | $152.9M | $163.4M | $247.9M | $392.8M | $393.5M | $413.4M |
| Capital Expenditure | -$14.2M | -$12.0M | -$17.9M | -$26.2M | -$21.8M | -$26.5M | -$48.9M | -$31.3M | -$19.2M | -$24.3M |
| Acquisitions | 0 | 0 | 0 | 0 | 0 | -$111.7M | 0 | 0 | 0 | 0 |
| Stock Repurchased | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Free Cash Flow | $99.7M | $127.1M | $120.4M | $192.2M | $131.1M | $137.0M | $199.0M | $361.5M | $374.3M | $389.1M |
Cash Flow (Quarterly)
| Year | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|---|---|---|---|
| Operating Cash Flow | $99.0M | $108.9M | $103.7M | $109.3M |
| Capital Expenditure | -$6.1M | -$6.2M | -$6.5M | $6.5M |
| Free Cash Flow | $92.9M | $102.7M | $97.2M | $115.8M |
| Dividends Paid | 0 | 0 | 0 | 0 |
| Stock-based Compensation | $2.5M | 0 | 0 | 0 |
Growth & Margins (10y)
| Year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue Growth (YoY) | +30.1% | +44.2% | -3.4% | -21.8% | +47.0% | +26.9% | -37.3% | +15.9% | +19.5% | |
| Net Income Growth (YoY) | -120.1% | +1309.0% | -50.1% | -173.2% | +205.2% | -264.0% | -131.5% | +56.3% | +132.1% | |
| EPS Growth (YoY) | -119.9% | +1317.4% | -91.8% | -458.7% | +201.8% | -241.1% | -105.9% | +60.0% | +127.2% | |
| Shares Change (YoY) | -4.5% | +0.0% | -51.2% | +154.0% | +10.9% | +8.3% | +12.3% | +9.4% | +18.6% | |
| FCF Growth (YoY) | +27.5% | -5.2% | +59.6% | -31.8% | +4.5% | +45.3% | +81.7% | +3.5% | +3.9% | |
| Gross Margin | 64.3% | 62.7% | 87.9% | 88.9% | 85.2% | 91.8% | 87.3% | 61.0% | 55.3% | 63.7% |
| Operating Margin | 5.8% | 0.6% | 32.7% | 16.8% | -14.8% | 10.9% | -10.3% | -55.1% | -21.6% | 6.9% |
| EBITDA Margin | 8.8% | 3.5% | 35.0% | 19.6% | -9.6% | 15.6% | -3.8% | -43.2% | -12.0% | 13.4% |
| Net Margin | 18.3% | -2.8% | 23.7% | 12.2% | -11.5% | 8.2% | -10.6% | -39.1% | -14.8% | 4.0% |
| FCF Margin | 35.9% | 35.2% | 23.1% | 38.2% | 33.3% | 23.7% | 27.1% | 78.6% | 70.2% | 61.0% |
| Effective Tax Rate | -216.8% | 593.3% | 27.5% | 27.0% | 22.4% | 24.5% | -3.3% | 29.1% | 31.7% | 42.7% |
Per-Share Data (10y)
| Year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| FCF Per Share | $4.31 | $5.76 | $5.46 | $17.85 | $4.80 | $4.52 | $6.06 | $9.80 | $9.28 | $8.13 |
| Dividends Per Share | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| Shares Outstanding (Basic) | $22.0M | $22.0M | $22.0M | $9.3M | $27.3M | $28.2M | $32.8M | $36.9M | $40.4M | $47.9M |
What to look at in Financial Services
Asset managers, brokers, fintech, exchanges. They are not banks — look at AUM, fees and FCF quality.
- 5y revenue growth — Without growth, there is no long-term value creation
- Operating margin — Good asset managers have >30% margins thanks to scalability
- ROE — Quality financial services have a consistent ROE >15%
- FCF / Net Income — Earnings quality — >90% expected in capital-light businesses
- Debt / Equity — Fintech and brokers with high D/E are time bombs in crises
- P/E vs own 5y — Asset managers have stable multiples in well-known ranges
- Dividend yield + buybacks — These businesses return a lot of capital — look at total yield (div + buybacks)
Profitability
| Return on Equity | 4.95% |
| Return on Invested Capital | 0.62% |
| Return on Assets | 0.62% |
| Gross Margin | 70.20% |
| Operating Margin | 5.83% |
| Net Margin | 2.84% |
Financial Health
| Debt / Equity | 6.54 |
| Current Ratio | 17.70 |
| Piotroski F-Score | 8 |
| Altman Z-Score | 0.23 |
Key Ratios (10y)
| Year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| P/E | 7.00 | -35.15 | 2.89 | 51.74 | -11.74 | 12.05 | -2.32 | -0.80 | -1.99 | 9.98 |
| P/B | 1.59 | 1.64 | 1.03 | 0.46 | 1.13 | 0.95 | 0.33 | 0.36 | 0.44 | 0.65 |
| P/S | 1.28 | 0.99 | 0.68 | 0.44 | 1.35 | 0.99 | 0.25 | 0.31 | 0.29 | 0.40 |
| Gross Margin | 64.3% | 62.7% | 87.9% | 88.9% | 85.2% | 91.8% | 87.3% | 61.0% | 55.3% | 63.7% |
| Operating Margin | 5.8% | 0.6% | 32.7% | 16.8% | -14.8% | 10.9% | -10.3% | -55.1% | -21.6% | 6.9% |
| Net Margin | 18.3% | -2.8% | 23.7% | 12.2% | -11.5% | 8.2% | -10.6% | -39.1% | -14.8% | 4.0% |
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Explore sector: Financial Services · Financial - Credit Services
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