Oportun Financial (US:OPRT)2025-05-08 20:25Financial Performance - Oportun achieved GAAP profitability for the second consecutive quarter and expects to be GAAP profitable for FY25[10, 14] - Net income for 1Q25 was $9.8 million, an increase of $36 million year-over-year[13] - Earnings per share (EPS) for 1Q25 was $0.21, up $0.89 year-over-year[13] - Adjusted EPS for 1Q25 was $0.40, compared to $0.09 in 1Q24[14] - Adjusted EBITDA for 1Q25 was $34 million, up $32 million year-over-year[14] Credit Quality and Originations - Dollar net charge-offs decreased by 5% year-over-year[14] - The 30+ day delinquency rate was 4.7%, a decrease of 56 basis points year-over-year[14] - Loan originations grew year-over-year for the second consecutive quarter, with an expected growth of approximately 10% for FY25[14] Financial Guidance - FY25 Adjusted EPS guidance is $1.10 to $1.30, reflecting 53%-81% growth[14] - FY25 Adjusted EBITDA is expected to grow 29%-39%[14] - FY25 Net Charge-Off (NCO) rate guidance is 11.5% +/- 50 bps, a 50 bps year-over-year improvement at the midpoint[14]