Oportun Financial Corp 2025年季度报告

FORM10-Q (Mark One)☒QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period endedMarch31, 2025or ☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934For the transition period from ___________ to ___________ Commission File Number001-39050 OPORTUN FINANCIAL CORPORATION (Exact Name of Registrant as Specified in its Charter) 45-3361983I.R.S. Employer Identification No. 94070 (650)810-8823Registrant’s Telephone Number, Including Area Code Securities registered pursuant to Section 12(b) of the Act: Indicate by check mark whether the registrant (1)has filed all reports required to be filed by Section13 or 15(d) of the Securities Exchange Actof 1934 during the preceding 12months (or for such shorter period that the registrant was required to file such reports), and (2)has been subject tosuch filing requirements for the past 90days.Yes☒No☐ Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant toRule405 of RegulationS-T (§232.405 of this chapter) during the preceding 12months (or for such shorter period that the registrant was required tosubmit such files).Yes☒No☐ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, smaller reporting company,or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerginggrowth company” in Rule 12b-2 of the Exchange Act. If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying withany new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule12b-2 of the Exchange Act).Yes☐No☒ The number of shares of registrant’s common stock outstanding as of May1, 2025 was37,501,165. TABLE OF CONTENTS Item 1.Financial Statements (Unaudited)Condensed Consolidated Balance SheetsCondensed Consolidated Statements of OperationsCondensed Consolidated Statements of Changes in Stockholders' EquityCondensed Consolidated Statements of Cash FlowNotes to the Condensed Consolidated Financial StatementsItem 2.Management's Discussion and Analysis of Financial Condition and Results of OperationsItem 3.Quantitative and Qualitative Disclosures About Market RiskItem 4.Controls and Procedures PART II ‑ OTHER INFORMATION Item 1.Item 1A.Item 2.Item 3.Item 4.Item 5. Legal ProceedingsRisk FactorsUnregistered Sales of Equity Securities and Use of ProceedsDefaults Upon Senior SecuritiesMine Safety DisclosuresOther Information OPORTUN FINANCIAL CORPORATION (in thousands, except share and per share data) OPORTUN FINANCIAL CORPORATION Condensed Consolidated Statements of Operations (Unaudited) (in thousands, except share and per share data) OPORTUN FINANCIAL CORPORATION Condensed Consolidated Statements of Changes in Stockholders' Equity (Unaudited)(in thousands, except share data) OPORTUN FINANCIAL CORPORATION Condensed Consolidated Statements of Changes in Stockholders' Equity (Unaudited) (in thousands, except share data) OPORTUN FINANCIAL CORPORATION Condensed Consolidated Statements of Cash Flow (Unaudited) 1.Organization and Description of Business Oportun Financial Corporation (together with its subsidiaries unless the context indicates otherwise, "Oportun" or the "Company") is a missiondriven financial services company that puts its members’ financial goals within reach. With intelligent borrowing, savings, and budgeting capabilities,the Company empowers members with the confidence to build a better financial future. Oportun takes a holistic approach to serving its members andviews as its purpose to responsibly meet their current capital needs, help improve their financial profiles, increase their financial awareness and putthem on a path to a financially healthy life. Oportun offers access to a suite of products, offered either directly or through partners, includingunsecured and secured lending, and savings. The Company is headquartered in San Carlos, California. The Company has been certified by the UnitedStates Department of the Treasury as a Community Development Financial Institution ("CDFI") since 2009. 2.Summary of Significant Accounting Policies Basis of Presentation ‑The Company meets the Securities and Exchange Commission's ("SEC") definition of a “Smaller Reporting Company”,and therefore qualifies for the SEC's reduced disclosure requirements for smaller reporting companies. The accompanying consolidated financialstatements have been prepared in accordance with accounting principles generally accepted in the United States of America ("GAAP"). Thesestatements are unaudited and reflect all normal, recurring adjustments that are, in management's