Oportun Financial 1Q 2023 Earnings Presentation

Oportun Financial Corporation's first quarter 2023 earnings presentation delivered on May 8, 2023, reporting 21% year-over-year revenue growth to $260M and an average daily principal balance of $3.1B. The company announced cost-reduction initiatives including a 255-employee reduction and $78-83M in new annualized run rate savings, while maintaining strong operational efficiency metrics. Despite the first net loss in nearly three years, Oportun reaffirmed full-year 2023 guidance with new originations continuing to outperform 2019 baseline levels.