Earnings ·
Oportun posts $23M Q3 net income on 3% revenue growth and raises full-year outlook
OPRTOportun Financial Corp
Oportun Financial reported third-quarter GAAP net income of $23 million, a $18 million increase from the prior year, driven by lower interest expense and a return to top-line growth. Total revenue rose 3% year-over-year to $246 million as aggregate originations increased 12%. The company also raised its full-year guidance, now expecting total revenue of $955–$960 million and adjusted EPS of $1.60–$1.70. Oportun operates in the consumer financial services industry, providing personal loans and credit products.