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Oportun (OPRT) Jumps 29.6% on Return to Revenue Growth
Oportun Financial stock jumped 29.6% on November 4, 2026 after Q3 revenue grew 3%, GAAP net income rose to $22.9 million and guidance was raised.
Oportun Financial (Nasdaq: OPRT) shares were up 29.6% in midday trading on November 4, 2026, the session after the consumer lender reported third quarter 2026 results and raised its full-year outlook. GAAP net income (profit under standard US accounting rules) rose to $22.9 million from $5.2 million a year earlier, as revenue grew for the first time since the fourth quarter of 2023.
What Oportun Financial reported
| Metric | This period | A year earlier | Change |
|---|---|---|---|
| Total revenue | $246M | $239M | +3% |
| GAAP diluted EPS | $0.45 | $0.11 | +$0.34 |
| Adjusted EPS | $0.51 | $0.39 | +$0.12 |
| Adjusted EBITDA | $56M | $41M | +37% |
| Annualized net charge-off rate | 10.6% | 11.8% | -121 bps |
Adjusted EPS is earnings per share excluding items such as stock-based compensation. Adjusted EBITDA is a similar profit measure before interest, taxes, depreciation and amortization. The net charge-off rate is the yearly share of loans written off as unlikely to be repaid, and a basis point (bp) is one hundredth of a percentage point. The 10.6% rate was the lowest since the third quarter of 2022.
Guidance (the company's own forecast) for full-year 2026 is now total revenue of $955 to $960 million, a net charge-off rate of 11.6% plus or minus 10 basis points, and Adjusted EPS of $1.60 to $1.70, which the company said reflects 21% growth at the midpoint. Originations, the value of new loans made, rose 12% to $572 million. Cost of debt fell 193 basis points to 6.1% after Oportun repaid $68 million of corporate debt. One offset: management now expects full-year operating expenses to rise by a low single digit, rather than stay flat, due to faster loan growth and severance costs.
Why the stock rose 29.6%
The rise was about six times a typical day's swing for the stock. The company said its results beat its own guidance for revenue, Adjusted EBITDA and net charge-offs. It also paired a higher earnings outlook with lower expected credit losses, which addresses the main risk for a lender serving borrowers with limited credit histories.
What to watch next
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Fourth quarter 2026 results against guidance of $247 to $252 million in revenue and $49 to $54 million in Adjusted EBITDA
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Progress on Oportun Forward, the new plan to simplify the core lending business
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Early impact of new CFO Bill Franklin, retail chief Bernardo Martinez and product chief Garrett Hope
FAQ
Are Oportun's borrowers falling behind on payments less often?
Yes. The share of loans 30 or more days past due was 4.1% at the end of the quarter, down from 4.7% a year earlier.
How much debt does Oportun carry?
Debt-to-equity fell to 6.2x at quarter-end from 7.1x a year earlier. The company also had $735 million of undrawn capacity on $1.2 billion of personal loan warehouse lines committed through 2028 and up to 2030.
Sources
This article is for information only and is not investment advice.