Oportun Financial (OPRT) Investor presentation summary

Business overview and market positioning

• Provides affordable credit and savings solutions for low- to moderate-income individuals, focusing on underserved, thin-file, and no-file borrowers.

• Uses a proprietary, AI-driven risk engine for real-time, automated underwriting and approval decisions.

• Originated over 7.9 million loans and extended $21.3 billion in credit since 2005, helping 1.3 million members build credit histories.

• Set & Save™ app has enabled members to save over $12.2 billion since 2015, averaging $1,800 per member per year.

• Offers both unsecured and secured personal loans, with average loan sizes of $3,058 and $6,373, respectively.

Strategic priorities and operational performance

• Increased returning member originations to 70% in 3Q25 and tightened credit in response to higher delinquency rates.

• Achieved 20% adjusted ROE in 3Q25, with risk-adjusted net interest margin ratio improving by 231 bps year-over-year to 16.4%.

• Secured personal loan portfolio grew 48% year-over-year in Q3, now 8% of owned portfolio, with lower net charge-off rates than unsecured loans.

• Back Book loans (pre-July 2022) reduced to 2% of portfolio, targeting 1% by year-end 2025.

• 30+ day delinquency and net charge-off rates have improved year-over-year for seven and eight consecutive quarters, respectively.

Financial highlights and guidance

• 3Q25 GAAP net income of $5.2M, up $35M year-over-year; adjusted EPS of $0.39 vs. $0.02 in 3Q24.

• Adjusted EBITDA of $41M in 3Q25, up $10M year-over-year; operating expenses down 11% year-over-year.

• Reduced leverage to 7.1x in 3Q25 from 8.7x in 3Q24; issued $538M in asset-backed notes at 5.29% yield.

• FY25 guidance: total revenue $950–$955M, adjusted EBITDA $137–$143M, adjusted net income $63–$67M, adjusted EPS $1.30–$1.40, and GAAP profitability.

• FY25 annualized net charge-off rate expected at 12.1% ±10 bps, with operating expenses projected at $370M, $40M lower than 2024.