Oportun Financial (OPRT) investor relations material

Business performance and financial highlights

• Achieved seven consecutive quarters of GAAP profitability, with Q2 GAAP EPS up 21% year-over-year and adjusted EPS up 35%.

• Q2 total revenue reached $233 million, exceeding guidance, and adjusted EBITDA was $49 million, up 56% year-over-year.

• Adjusted ROE improved to 20.5% in Q2, within the 20%-28% target range, and leverage reduced to 6.5x from 7.3x a year ago.

• Cost of debt decreased from 8.6% to 6.3%, with $100 million in corporate debt repaid since October 2024, saving $15 million annually.

• Unrestricted cash increased by $43 million to $140 million, supporting greater financial flexibility.

Leadership and strategic initiatives

• New CEO Doug Bland, former PayPal executive, appointed in April to lead the next growth phase.

• Additional leadership hires include a new CFO from Discover, a Chief Risk Officer from PayPal, and a Chief Retail and Sales Officer from SoFi.

• Launched risk-based pricing in July to optimize risk-reward and broaden customer reach.

• Introduced payment protection in April, offering opt-in coverage for loan repayment disruptions.

• Focused on increasing operating cadence and accountability under new leadership.

Product offerings and technology

• Core products include unsecured and secured personal loans, and the Set & Save savings product.

• Unsecured loans average $3,400, 27 months, 35.7% APR; secured loans average $6,600, 35 months, 33.4% APR.

• Secured loan originations grew 15% year-over-year, now 9% of portfolio, with lower losses and higher revenue per loan.

• AI-driven underwriting leverages alternative data and custom bureau scores, enabling rapid credit policy adjustments.

• Set & Save app helps members save $1,800 annually on average, with $13.2 billion saved since launch.