Oportun Financial Corporation reported its first quarter 2025 financial results on May 8, 2025, marking its second consecutive quarter of GAAP profitability with a net income of $9.8 million, a $36 million year-over-year increase. GAAP EPS was $0.21, up $0.89 year-over-year.
Adjusted EPS for the quarter reached $0.40, an increase of $0.31 year-over-year, driven by reduced operating expenses and improved credit performance. Operating expenses decreased 15% year-over-year to $93 million, demonstrating continued cost discipline.
Originations grew 39% year-over-year to $469 million, and net charge-offs in dollars declined 5% year-over-year to $81 million. The 30-plus day delinquency rate improved to 4.7% from 5.2% in the prior-year quarter.
While moderating its full year loan originations growth outlook to approximately 10% due to macroeconomic uncertainty, Oportun reiterated its full year 2025 Adjusted EPS guidance of $1.10 to $1.30 per share, implying 53% to 81% growth over 2024.
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