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Oportun Financial

OPRT on Nasdaq. Oportun sells loans and savings products to people shut out by banks. Market value $385m.

Watch this stockFree. We tell you when something changes.

Price checks use the past 12 months to June 2026. Some use the latest annual report instead, as marked. Quality checks use five annual reports, the latest for the year to December 2025.

We can't read total debt from the filing, so debt is left out.

Cash flow or capital spending isn't reported, so free cash flow is unknown.

Should I look at this?

Not a fit for our list right now

Why it could be worth it

Nothing stands out yet.

What to watch out for

See Financial services stocks that passed both tests

This is not advice. Check the numbers below.

Compare with another stock

Return on equity
five annual reports to December 2025
-13.5%five-year median

Yearly profit per dollar of owners' money: -14 cents. Above 10 is good.

Price to book
quarterly report to June 2026
0.9×

What you pay for each dollar of net assets: $0.94.

Earnings yield
past 12 months to June 2026
5.1%

Profit per $100 you pay: $5.09.

Quality score: 13 of 100. Price score: 81 of 100. Our list needs 70 on quality and 60 on price.

$8.32 a share, 106% above its 1-year low

Over the past year the price has ranged from $4.03 to $8.66.

Pays no dividend

Prices from Tuesday’s close (6 October).

Five years of cash, in billions

n/a
n/a
n/a
n/a
n/a
20212022202320242025
Revenue
$627m$953m$1.1bn$1.0bn$957m
Operating margin
n/an/an/an/an/a
Debt to equity
n/an/an/an/an/a
Shares outstanding
0.03bn0.03bn0.04bn0.04bn0.05bn

Health checks

  • Free cash flow positiveDoesn't apply to banks and insurers
  • Accounting checksDoesn't apply to banks and insurers
  • DebtDoesn't apply to banks and insurers
  • Revenue growth, five yearsStrong, 10.4% a year
  • Buying back its own sharesNo, 39% more shares since 2021

The quarter to June 2026

How the business did, compared with the same quarter a year earlier.

  • Sales: $233 million last quarter, about the same as a year ago.
  • Profit: $9 million, up 24% on a year ago.
  • 3% more shares than a year ago. Each share owns a bit less of the company.
  • Sales did not grow on a year ago in any of the last 4 quarters.
Sales by quarter
Sales by quarter
Quarter toAmount
September 2024$250m
December 2024$251m
March 2025$236m
June 2025$234m
September 2025$239m
December 2025$248m
March 2026$229m
June 2026$233m
Profit by quarter
Profit by quarter
Quarter toAmount
September 2024-$30m
December 2024$9m
March 2025$10m
June 2025$7m
September 2025$5m
December 2025$3m
March 2026$2m
June 2026$9m

From the company's quarterly reports to the SEC.

Dates

Next results (estimated)
n/a
Last annual report (10-K)
27 February 2026
Next quarterly (estimated, 10-Q)
5 November 2026

Who owns it

None of the long-term investors we follow own it. 134 funds in all.

Jun '25
Dec '25
Jun '26

Sold out this quarter

Largest holders overall

From 13F filings for the quarter ended 30 June 2026.

Big holders and activists

7 investors own more than 5%; 1 of them is pushing for change.

  • NB Alternatives Advisers LLC
    Passive investor
    9.9%
    Since 23 May 2025
    What they said

    Item 4 is hereby amended and supplemented by the addition of the following: On May 23, 2025, the Reporting Person exercised Warrants on behalf of its clients to acquire an aggregate of 3,937,168 shares of Common Stock at an exercise price of $0.01 per share, consisting of…

    Read the filing
  • at least 9.8%+1.9 pts
    (filed with 3 related holders)
    Since 30 June 2026
  • FINDELL CAPITAL MANAGEMENT LLC
    Activist
    Wants board seats
    at least 6.9%−0.5 pts
    (filed with 4 related holders)
    Since 14 July 2025
    What they said

    Item 4 is hereby amended to add the following: On July 14, 2025, FCM and certain of its affiliates (collectively, "Findell") entered into a letter agreement (the "Cooperation Agreement") with the Issuer, pursuant to which the Issuer agreed to appoint Warren Wilcox to its Board…

    Read the filing
  • BlackRock, Inc.
    Passive investor
    5.5%
    Since 30 September 2025
  • at least 4.8%
    (filed with 4 related holders)
    Since 31 December 2024
  • Institutional Venture Partners XIV, L.P.
    Passive investor
    at least 2.3%
    (filed with 7 related holders)
    Since 31 December 2024
  • Millennium Management LLC
    Passive investor
    at least 2.1%−2.9 pts
    (filed with 3 related holders)
    Since 30 June 2026
  • Sold down below 5%
    Since 30 June 2025
  • McLaren Harbor, LLC
    Passive investor
    Sold down below 5%
    Since 30 June 2026
  • The Vanguard Group
    Passive investor
    Sold down below 5%
    Since 13 March 2026
  • WILCOX WARREN
    Activist
    Wants board seats
    Sold down below 5%
    Since 27 May 2025
  • Bell Sandra
    Activist
    Wants board seats
    Sold down below 5%
    Since 26 March 2025
    What they said

    Item 4 is hereby amended to add the following: On March 26, 2025, FCP delivered a letter to the Issuer formally nominating a slate of two highly qualified director candidates, Sandra Bell and Warren Wilcox (collectively, the "Nominees"), for election to the Board at the Issuer's…

    Read the filing

From Schedule 13D and 13G filings: anyone owning more than 5% must file one.

What insiders did

No insider bought shares on the open market in the last 12 months. 3 sold $416,144.

  • Schueller Joseph Andrew
    SVP-Controller, CAO
    Sold
    Date
    11 September 2026
    Shares
    28
    Price
    $7.80
    Value
    $218
  • Schueller Joseph Andrew
    SVP-Controller, CAO
    Sold
    Date
    10 September 2026
    Shares
    2,831
    Price
    $7.80
    Value
    $22,082
  • Layton Kathleen I.
    Chief Legal Officer
    Sold
    Date
    10 September 2026
    Shares
    4,223
    Price
    $7.80
    Value
    $32,939
  • Layton Kathleen I.
    Chief Legal Officer
    Sold
    Date
    10 March 2026
    Shares
    19,355
    Price
    $4.90
    Value
    $94,840
  • Kirscht Patrick
    Chief Credit Officer
    Sold
    Date
    10 March 2026
    Shares
    54,299
    Price
    $4.90
    Value
    $266,065

From Form 4 filings: insiders must report trades in their own company's shares within two days.

Warning signs in its filings

Problems the company itself reported to the SEC, in its own words.

None of the warning signs we check for were found.

We look for five warning signs: doubt it can keep going, weak checks on its own accounts, a notice that its past accounts can't be relied on, a change of auditor, and one customer bringing in a big share of sales. We don't check lawsuits, investigations or debt yet.

We checked the auditor's report, internal controls, restatement notices, auditor changes and big customers in the 10-K filed 27 Feb 2026, plus the 10-Q filed 6 Aug 2026 and 10 later 8-Ks.

A 10-K is the yearly report every US company files with the SEC. An 8-K is a short notice of a big event.

What could go wrong

Cheap for a reason is the question the numbers cannot answer.

Whether the price already reflects the risks is what the deep dive is for.

The deep dive

Everything above is arithmetic on public filings. The deep dive reads the last ten years of annual reports, the proxy statements, and the earnings calls, then argues the case the way Buffett, Klarman, and Hohn would, and checks every claim against the source.

  • What the business is worth, as a range, and the margin of safety at today’s price
  • Prices to start buying, buy, and buy hard
  • The three things that would make this a mistake
  • Every number footnoted to the filing it came from
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What a finished deep dive looks like

Not advice. Numbers on this page come from SEC filings and are updated each night; prices are updated again after the US market closes. The five-year figures are rounded.