Core Viewpoint - Oportun Financial Corporation announced the resignation of CEO Raul Vazquez, effective no later than April 3, 2026, and initiated a search for his successor while providing preliminary financial results for Q4 and full year 2025 [1][2][4]. Leadership Transition - The Board of Directors has decided that it is an appropriate time for a leadership transition, and a search for a new CEO is underway with the assistance of a nationally recognized executive search firm [2]. - Raul Vazquez has been with Oportun for nearly 14 years, during which he led the company through significant growth, including its IPO and expansion into a national financial services provider [3]. Financial Performance - Preliminary unaudited results for Q4 2025 indicate expected Total Revenue between $246 million and $248 million, surpassing guidance of $241 million to $246 million [4]. - The Annualized Net Charge-Off Rate is projected at 12.3%, slightly better than the guidance of 12.45% [4]. - For the full year 2025, Total Revenue is expected to be between $955 million and $957 million, exceeding the guidance of $950 million to $955 million [5]. - Net Income for Q4 2025 is anticipated to be between $1 million and $3 million, while for the full year, it is projected to be between $23 million and $25 million [5]. Adjusted Financial Metrics - Adjusted EBITDA for Q4 2025 is expected to be between $40 million and $42 million, significantly higher than the guidance of $31 million to $37 million [4]. - Adjusted Net Income for Q4 2025 is projected to be between $11 million and $13 million, aligning with the full year estimate of $63 million to $65 million [5]. - Adjusted EPS for Q4 2025 is expected to range from $0.23 to $0.27, while for the full year, it is projected to be between $1.32 and $1.36 [5]. Company Overview - Oportun is a mission-driven financial services company that has provided over $21.3 billion in affordable credit and saved its members more than $2.5 billion in interest and fees [8]. - The company aims to empower its members with intelligent borrowing, savings, and budgeting capabilities to help them build a better financial future [8].

Core Insights - Oportun has been recognized for the second consecutive year in CNBC's World's Top Fintech Companies 2025, highlighting its innovative financial tools [1][2][3] - The recognition is based on an analysis of key performance indicators from over 2,000 eligible companies, utilizing publicly available data [2] - Oportun's CEO emphasized the importance of this recognition as validation of the company's mission and the positive impact of its technology-driven solutions [3] Company Overview - Oportun is a mission-driven financial services company focused on helping members achieve their financial goals through intelligent borrowing, savings, and budgeting tools [4] - Since its inception, Oportun has provided over $20.3 billion in responsible credit, saving members more than $2.4 billion in interest and fees, and helping them set aside an average of over $1,800 annually [4]

Core Points - Oportun is urging stockholders to vote "FOR" its nominees, CEO Raul Vazquez and Carlos Minetti, using the GREEN proxy card in the upcoming Annual Meeting scheduled for July 18, 2025 [1][2] - The company emphasizes its commitment to driving long-term stockholder value through proactive steps taken by its Board and management [1] - Oportun has provided over $20.3 billion in responsible and affordable credit since its inception, saving members more than $2.4 billion in interest and fees [3] Company Overview - Oportun is a mission-driven financial services company focused on empowering its members with intelligent borrowing, savings, and budgeting capabilities [3] - The average amount saved by members annually is over $1,800, reflecting the company's dedication to helping members achieve their financial goals [3]