Oportun Financial (OPRT)
Market Price (11/9/2026): $11.315 | Market Cap: $521.4 MilSector: Financials | Industry: Consumer Finance
Oportun Financial (OPRT)
Market Price (11/9/2026): $11.315Market Cap: $521.4 MilSector: FinancialsIndustry: Consumer Finance
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 6.8%, FCF Yield is 76% Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 106%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 100% Megatrend and thematic driversMegatrends include Fintech & Digital Payments, and Artificial Intelligence. Themes include Online Banking & Lending, and AI-Powered Credit Underwriting. | Debt is significantNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 461% Stock price has recently run up significantly12M Rtn12 month market price return is 139% Valuation getting more expensiveP/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is 89% Key risksOPRT key risks include [1] the underperformance of its AI underwriting model in predicting loan performance and credit losses, Show more. |
| Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 6.8%, FCF Yield is 76% |
| Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 106%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 100% |
| Megatrend and thematic driversMegatrends include Fintech & Digital Payments, and Artificial Intelligence. Themes include Online Banking & Lending, and AI-Powered Credit Underwriting. |
| Debt is significantNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 461% |
| Stock price has recently run up significantly12M Rtn12 month market price return is 139% |
| Valuation getting more expensiveP/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is 89% |
| Key risksOPRT key risks include [1] the underperformance of its AI underwriting model in predicting loan performance and credit losses, Show more. |
Qualitative Assessment
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Oportun Financial (OPRT) stock has gained about 105% since 7/31/2026 because of the following key factors:
1. Oportun reported a strong fiscal Q3 2026 earnings beat, marking its first return to year-over-year revenue growth since fiscal Q4 2023.
The company's total revenue reached $246 million in fiscal Q3 2026, surpassing analyst estimates of $237.87 million and its own guidance of $235-$240 million. GAAP net income surged 341% year-over-year to $23 million, compared to $5.2 million in the prior year, and adjusted net income increased 38% to $26 million. Diluted earnings per share (EPS) were $0.45, while adjusted EPS of $0.51 exceeded analyst forecasts of $0.46.
2. The company demonstrated significant improvement in credit quality metrics, driven by a strategic shift towards lower-risk lending.
Oportun's annualized net charge-off rate declined to 10.6% in fiscal Q3 2026, the lowest level since fiscal Q3 2022, representing a 121 basis point year-over-year improvement. The 30-plus day delinquency rate also fell to 4.1%, marking its lowest third-quarter rate in five years. This improvement was largely due to a heightened focus on returning members and secured loan originations, which inherently carry lower risk.
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Oportun Financial (OPRT) stock has gained about 105% since 7/31/2026 because of the following key factors:
1. Oportun reported a strong fiscal Q3 2026 earnings beat, marking its first return to year-over-year revenue growth since fiscal Q4 2023.
The company's total revenue reached $246 million in fiscal Q3 2026, surpassing analyst estimates of $237.87 million and its own guidance of $235-$240 million. GAAP net income surged 341% year-over-year to $23 million, compared to $5.2 million in the prior year, and adjusted net income increased 38% to $26 million. Diluted earnings per share (EPS) were $0.45, while adjusted EPS of $0.51 exceeded analyst forecasts of $0.46.
2. The company demonstrated significant improvement in credit quality metrics, driven by a strategic shift towards lower-risk lending.
Oportun's annualized net charge-off rate declined to 10.6% in fiscal Q3 2026, the lowest level since fiscal Q3 2022, representing a 121 basis point year-over-year improvement. The 30-plus day delinquency rate also fell to 4.1%, marking its lowest third-quarter rate in five years. This improvement was largely due to a heightened focus on returning members and secured loan originations, which inherently carry lower risk.
3. Oportun successfully optimized its balance sheet, leading to a substantial reduction in interest expense.
Interest expense decreased by 27.4% year-over-year to $41.1 million in fiscal Q3 2026, primarily due to a lower cost of debt and a reduced average daily debt balance. The blended cost of debt improved from 8.6% to 6.3%, reflecting successful initiatives to pay off expensive corporate debt and enhance balance sheet efficiency.
4. Increased loan originations, particularly from returning members and secured loans, contributed to revenue growth.
Aggregate originations in fiscal Q3 2026 rose 11.7% year-over-year to $571.8 million. This growth was significantly boosted by a 25% annual increase in originations from returning members and secured loans, indicating a healthy demand for Oportun's core lending products and a focus on lower-risk segments.
5. The company raised its full-year fiscal 2026 guidance following the robust third-quarter performance, boosting investor confidence.
Following the strong results, Oportun updated its full-year fiscal 2026 outlook, projecting total revenue between $955 million and $960 million and adjusted EPS in the range of $1.60 to $1.70. This upward revision signaled management's positive expectations for continued operational strength.
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Stock Movement Drivers
Fundamental Drivers
The 104.2% change in OPRT stock from 7/31/2026 to 11/8/2026 was primarily driven by a 97.5% change in the company's Net Income Margin (%).| (LTM values as of) | 7312026 | 11082026 | Change |
|---|---|---|---|
| Stock Price ($) | 5.54 | 11.31 | 104.2% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 395 | 417 | 5.7% |
| Net Income Margin (%) | 4.5% | 8.9% | 97.5% |
| P/E Multiple | 14.7 | 14.8 | 0.2% |
| Shares Outstanding (Mil) | 47 | 49 | -2.4% |
| Cumulative Contribution | 104.2% |
Market Drivers
7/31/2026 to 11/8/2026| Return | Correlation | |
|---|---|---|
| OPRT | 104.2% | |
| Market (SPY) | -1.6% | 41.0% |
| Sector (XLF) | 0.4% | 45.5% |
Fundamental Drivers
The 85.7% change in OPRT stock from 4/30/2026 to 11/8/2026 was primarily driven by a 43.3% change in the company's Net Income Margin (%).| (LTM values as of) | 4302026 | 11082026 | Change |
|---|---|---|---|
| Stock Price ($) | 6.09 | 11.31 | 85.7% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 406 | 417 | 2.9% |
| Net Income Margin (%) | 6.2% | 8.9% | 43.3% |
| P/E Multiple | 11.3 | 14.8 | 30.6% |
| Shares Outstanding (Mil) | 47 | 49 | -3.5% |
| Cumulative Contribution | 85.7% |
Market Drivers
4/30/2026 to 11/8/2026| Return | Correlation | |
|---|---|---|
| OPRT | 85.7% | |
| Market (SPY) | 2.6% | 31.1% |
| Sector (XLF) | 10.0% | 43.6% |
Fundamental Drivers
The 112.2% change in OPRT stock from 10/31/2025 to 11/8/2026 was primarily driven by a 94.3% change in the company's P/S Multiple.| (LTM values as of) | 10312025 | 11082026 | Change |
|---|---|---|---|
| Stock Price ($) | 5.33 | 11.31 | 112.2% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 366 | 417 | 14.0% |
| P/S Multiple | 0.7 | 1.3 | 94.3% |
| Shares Outstanding (Mil) | 47 | 49 | -4.2% |
| Cumulative Contribution | 112.2% |
Market Drivers
10/31/2025 to 11/8/2026| Return | Correlation | |
|---|---|---|
| OPRT | 112.2% | |
| Market (SPY) | 8.7% | 37.7% |
| Sector (XLF) | 10.5% | 46.4% |
Fundamental Drivers
The 93.3% change in OPRT stock from 10/31/2023 to 11/8/2026 was primarily driven by a 153.8% change in the company's P/S Multiple.| (LTM values as of) | 10312023 | 11082026 | Change |
|---|---|---|---|
| Stock Price ($) | 5.85 | 11.31 | 93.3% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 414 | 417 | 0.9% |
| P/S Multiple | 0.5 | 1.3 | 153.8% |
| Shares Outstanding (Mil) | 37 | 49 | -24.5% |
| Cumulative Contribution | 93.3% |
Market Drivers
10/31/2023 to 11/8/2026| Return | Correlation | |
|---|---|---|
| OPRT | 93.3% | |
| Market (SPY) | 81.9% | 30.1% |
| Sector (XLF) | 84.4% | 35.4% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| OPRT Return | 5% | -73% | -29% | -1% | 36% | 114% | -42% |
| Peers Return | 99% | -49% | 103% | 48% | 27% | -11% | 245% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 12% | 105% |
Monthly Win Rates [3] | |||||||
| OPRT Win Rate | 50% | 25% | 67% | 42% | 50% | 64% | |
| Peers Win Rate | 57% | 30% | 57% | 50% | 55% | 45% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 45% | |
Max Drawdowns [4] | |||||||
| OPRT Max Drawdown | -30% | -80% | -73% | -51% | -53% | -32% | |
| Peers Max Drawdown | -42% | -63% | -41% | -34% | -40% | -41% | |
| S&P 500 Max Drawdown | -5% | -25% | -10% | -8% | -19% | -9% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: OMF, UPST, OPFI, ENVA, ATLC.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 11/6/2026 (YTD)
How Low Can It Go
| Event | OPRT | S&P 500 |
|---|---|---|
| 2025 US Tariff Shock | ||
| % Loss | -50.1% | -18.8% |
| % Gain to Breakeven | 100.5% | 23.1% |
| Time to Breakeven | 524 days | 79 days |
| Summer-Fall 2023 Five Percent Yield Shock | ||
| % Loss | -64.7% | -9.5% |
| % Gain to Breakeven | 183.3% | 10.5% |
| Time to Breakeven | 447 days | 24 days |
| 2023 SVB Regional Banking Crisis | ||
| % Loss | -63.5% | -6.7% |
| % Gain to Breakeven | 174.3% | 7.1% |
| Time to Breakeven | 147 days | 31 days |
| 2020 COVID-19 Crash | ||
| % Loss | -74.5% | -33.7% |
| % Gain to Breakeven | 292.4% | 50.9% |
| Time to Breakeven | 319 days | 140 days |
In The Past
Oportun Financial's stock fell -50.1% during the 2025 US Tariff Shock. Such a loss loss requires a 100.5% gain to breakeven.
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Asset Allocation
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| Event | OPRT | S&P 500 |
|---|---|---|
| 2025 US Tariff Shock | ||
| % Loss | -50.1% | -18.8% |
| % Gain to Breakeven | 100.5% | 23.1% |
| Time to Breakeven | 524 days | 79 days |
| Summer-Fall 2023 Five Percent Yield Shock | ||
| % Loss | -64.7% | -9.5% |
| % Gain to Breakeven | 183.3% | 10.5% |
| Time to Breakeven | 447 days | 24 days |
| 2023 SVB Regional Banking Crisis | ||
| % Loss | -63.5% | -6.7% |
| % Gain to Breakeven | 174.3% | 7.1% |
| Time to Breakeven | 147 days | 31 days |
| 2020 COVID-19 Crash | ||
| % Loss | -74.5% | -33.7% |
| % Gain to Breakeven | 292.4% | 50.9% |
| Time to Breakeven | 319 days | 140 days |
In The Past
Oportun Financial's stock fell -50.1% during the 2025 US Tariff Shock. Such a loss loss requires a 100.5% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
About Oportun Financial (OPRT)
Oportun Financial Corporation (OPRT) is a financial services company established in 2005 and headquartered in San Carlos, California. The company's core business involves offering various credit products to consumers.
Its main products include personal loans, auto loans, and credit cards. Oportun reaches its customers through multiple channels, providing services online, over the phone, and via its network of retail locations.
The company operates across 24 states in the United States, serving a diverse geographic market that includes states such as Arkansas, Delaware, Indiana, Kentucky, Mississippi, Montana, North Dakota, New Hampshire, Oregon, South Carolina, South Dakota, and Virginia.
```AI Analysis | Feedback
Here are 1-3 brief analogies for Oportun Financial (OPRT):
- Like a Capital One focused on personal loans and credit cards for a broader range of credit profiles.
- A OneMain Financial that also offers auto loans and credit cards.
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- Personal Loans: Unsecured or secured installment loans provided to individuals for a variety of personal expenses.
- Auto Loans: Loans specifically designed to finance the purchase of a new or used vehicle.
- Credit Cards: Revolving lines of credit that allow customers to make purchases and pay them back over time.
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Major Customers of Oportun Financial (OPRT)
Oportun Financial (OPRT) sells its financial products and services primarily to individuals, not other companies. Based on its offerings of personal loans, auto loans, and credit cards, its major customer categories include:
- Underbanked and Credit-Invisible Consumers: Individuals who have limited or no credit history and may find it difficult to access traditional financial products from mainstream banks.
- Low-to-Moderate Income Individuals: Customers seeking affordable and responsible financial solutions to meet various personal and household needs.
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- Amazon Web Services (AWS) (Symbol: AMZN)
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Raul Vazquez, Chief Executive Officer
Raul Vazquez joined Oportun in 2012 and has served as CEO since then. Prior to Oportun, he held senior leadership roles at Walmart, including President and CEO of Walmart.com and EVP and President of Walmart West. He currently serves on the Board of Directors of Intuit and as a board member of the National Association for Latino Community Asset Builders (NALCAB). He previously served on the board of Staples, as a member of the Consumer Financial Protection Bureau's (CFPB) Consumer Advisory Board, and as Chair of the Federal Reserve Board's Community Advisory Council.
Joseph Schueller, Principal Financial Officer and Principal Accounting Officer
Joseph Schueller was appointed Principal Financial Officer and Principal Accounting Officer of Oportun Financial on July 22, 2025. He joined the company on July 21, 2025, as Senior Vice President, Finance – Controller, after having previously provided consulting services to Oportun. Before joining Oportun, he served as SVP, CFO, and Treasurer at North Shore Bank from 2022 to 2025. His prior experience includes senior finance positions at Hills Bank & Trust, RSM US LLP, Cognition Financial Corporation, Santander Bank, N.A., Admirals Bank, and State Street Corporation. Mr. Schueller is a Certified Public Accountant and started his career at PricewaterhouseCoopers.
Patrick Kirscht, Chief Credit Officer
Patrick Kirscht has led Oportun's risk strategy for over ten years. His previous experience includes helping to facilitate Metris Companies' IPO as head of planning and analysis, transitioning into risk management, and becoming senior vice president managing policy for large credit card portfolios after HSBC acquired Metris.
Gonzalo Palacio, Chief Marketing Officer
Gonzalo Palacio serves as Oportun's Chief Marketing Officer. Before joining Oportun, he was the CMO for a Fenway Summer credit card startup. He spent 15 years at Capital One, where he held various positions, including head of consumer deposit products. He also led the development and launch of Oportun's credit card business.
Deepak Rao, Chief Technology Officer
Deepak Rao became Oportun's Chief Technology Officer in 2023, following his role as VP of Engineering at SoFi. Prior to that, he worked at Microsoft for nearly two decades in various technology and executive capacities. He holds 16 patent applications as an inventor.
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The key risks to Oportun Financial (OPRT) largely stem from its business model of serving near-prime and subprime borrowers, operating within a highly regulated financial sector, and managing a significant debt load.
- Credit Risk and Elevated Loan Loss Rates: Oportun Financial primarily caters to a customer base with limited or no credit history, often referred to as near-prime or subprime borrowers. This demographic inherently carries a higher credit risk, leading to elevated net charge-off rates and a susceptibility to credit volatility, particularly during periods of macroeconomic uncertainty. The company's historical performance shows a pattern of credit volatility following periods of accelerated portfolio growth, and its guidance for loss rates has remained elevated compared to pre-pandemic levels.
- Regulatory Scrutiny and Compliance: The consumer financial services industry is subject to extensive regulation, and Oportun Financial faces significant risks from changes in regulations, increased oversight, and potential litigation or enforcement actions. Agencies like the Consumer Financial Protection Bureau (CFPB) have broad authority over consumer financial services, and Oportun has faced investigations in the past regarding its lending and collection practices. The company's bank partnership products also introduce additional regulatory complexities and potential burdens.
- Financial Leverage and Access to Capital: Oportun Financial operates with a high debt-to-equity ratio, indicating substantial financial leverage. This elevated debt burden can constrain the company's financial flexibility, make it more vulnerable to economic downturns or rising interest rates, and result in higher interest expenses that could reduce profitability. The need for dilutive financing in the past also raises concerns about future dilution risks and challenges in securing additional capital on favorable terms.
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Increased competition from digital-first fintech lenders and challenger banks offering personal loans and credit cards. These competitors often leverage advanced AI for underwriting, possess lower operational overheads, and provide more seamless, purely digital customer experiences.
The expansion of embedded finance and banking-as-a-service models, where non-financial companies integrate lending products directly into their existing platforms and customer journeys, potentially bypassing dedicated lenders like Oportun.
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Oportun Financial Corporation (OPRT) operates in the United States, providing financial services including personal loans, auto loans, and credit cards. The addressable markets for these main products in the U.S. are substantial.
Personal Loans
The total outstanding personal loan debt in the United States reached approximately $276 billion as of the fourth quarter of 2025. Looking ahead, the U.S. Personal Loans Market is projected to grow from an estimated $320.73 billion in 2025 to $674.13 billion by 2033, demonstrating a compound annual growth rate (CAGR) of 9.75% from 2026 to 2033.
Auto Loans
The U.S. auto loan market represents a significant addressable market. Americans owed approximately $1.655 trillion in auto loan debt as of the third quarter of 2025. The U.S. Auto Loan Market size is projected to be around $676.20 billion in 2025 and grow to an estimated $709.13 billion in 2026, with projections reaching $899.17 billion by 2031 at a CAGR of 4.87% from 2026 to 2031.
Credit Cards
While Oportun Financial previously offered credit cards, the company announced in September 2024 a definitive agreement to sell its credit card portfolio to Continental Finance, indicating a strategic shift away from this product as a core offering. Nevertheless, the U.S. credit card market remains a large financial sector. Americans were carrying a total balance of $1.12 trillion across their credit cards in the first quarter of 2024. The market size for Credit Card Issuing in the U.S. was approximately $178.3 billion in 2025 and is projected to be $178.9 billion in 2026. Furthermore, the U.S. credit card market size was valued at $190 billion in 2024 and is expected to grow to $388.4 billion by 2032, with a CAGR of 9.5% during 2025–2032.
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- Expansion of Secured Personal Loan Portfolio: Oportun is prioritizing the growth of its secured personal loan offerings, which have shown significant year-over-year increases. For instance, in Q1 2025, secured personal loans experienced a 59% year-over-year increase, with the receivables balance reaching $178 million. The company is actively expanding the availability of these loans into new states, including California, Texas, Florida, Arizona, New Jersey, and Illinois.
- Growth in Loan Originations: The company anticipates an increase in aggregate originations, projecting mid-single-digit growth for fiscal year 2026. This reflects a strategic focus on identifying and originating high-quality loans to drive overall loan volume.
- Geographical Market Expansion via "Lending as a Service" Model: Oportun aims to extend its reach nationwide, intending to make its services available to consumers in all 50 states. This expansion is significantly facilitated by its "Lending as a Service" model and a strategic partnership with Pathward, N.A., which allows Oportun to operate across 38 states without needing individual state licenses.
- Enhancement of Portfolio Yield and Risk-Based Pricing Initiatives: Oportun is focused on improving its portfolio yield through strategic pricing. The company observed an increase in portfolio yield by 113 basis points year-over-year to 32.5% in Q1 2024. Management expects to continue enhancing yield throughout 2024 and anticipates modest incremental profit from risk-based pricing initiatives in 2026, with a more substantial impact expected in 2027.
- Strategic Focus on Core Lending Products: By selling its credit card receivables in November 2024, Oportun has strategically streamlined its product portfolio. This move allows the company to concentrate on higher-performing and core lending products, particularly secured lending, which is expected to enhance its market position and drive future revenue prospects.
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Capital Allocation Decisions (2021-2025)
Share Issuance
- Oportun has granted Performance Stock Units and Restricted Stock Units to executives as part of compensation.
Inbound Investments
- The company raised $1.9 billion in the asset-backed securities (ABS) market at sub-6% yields over the nine months leading up to February 2026.
- In early 2026, Oportun completed a $485 million ABS transaction with a 5.32% weighted average yield, marking its fourth consecutive issuance with a sub-6% funding cost and a AAA rating on the senior notes.
- Oportun closed a new $247 million three-year revolving term committed warehouse facility.
Outbound Investments
- In November 2025, Oportun redeemed the 2023-A financing transaction.
- The company completed a credit card portfolio sale which resulted in $3.8 million in revenue being removed from prior-year Q4 comparisons (likely Q4 2024 for the 2025 earnings report).
Capital Expenditures
- Full-year 2025 GAAP operating expenses totaled $362 million, representing a $49 million or 12% reduction from 2024.
- The reduction in operating expenses was driven by cuts in technology, facilities spending, personnel, and general and administrative costs.
- For 2026, Oportun plans incremental investments focused on the return to risk-based pricing and upgrading decisioning infrastructure capabilities.
Peer Outperformance in Consumer Finance
| Industry | Names | 1Y med | 3Y med | 5Y med | Top 3 by 5Y |
|---|---|---|---|---|---|
| Reinsurance | 6 | 29.4% | 72.7% | 116.0% | SPNT 167% · RGA 156% · RNR 127% |
| Diversified Banks | 12 | 28.4% | 141.2% | 88.0% | CM 145% · RY 127% · JPM 124% |
| Investment Banking & Brokerage | 13 | -6.7% | 89.5% | 85.6% | IBKR 323% · SNEX 156% · GS 139% |
| Multi-Sector Holdings | 4 | 8.8% | 60.0% | 80.0% | BRK-B 98% · VOYA 62% · JEF 34% |
| Life & Health Insurance | 20 | 9.7% | 57.7% | 76.6% | JXN 500% · UNM 240% · FG 211% |
| Property & Casualty Insurance | 42 | 13.8% | 73.5% | 66.7% | TRV 174% · ACGL 165% · PGR 164% |
| Multi-line Insurance | 9 | 5.4% | 70.7% | 56.0% | AIZ 107% · GNW 101% · L 92% |
| Regional Banks | 267 | 29.4% | 92.4% | 46.2% | CBC 272% · FCNCA 172% · NIC 137% |
| Insurance Brokers | 15 | 2.2% | 10.0% | 29.6% | LIFE 297% · ARX 89% · WTW 51% |
| Financial Exchanges & Data | 15 | 16.6% | 31.2% | 15.9% | CBOE 182% · VIRT 132% · CME 71% |
| Asset Management & Custody Banks | 85 | -6.7% | 20.9% | 12.8% | VCTR 233% · WT 209% · AAMI 204% |
| Consumer Finance ← | 30 | 2.5% | 85.0% | 7.2% | ENVA 337% · FCFS 129% · ECPG 90% |
| Commercial & Residential Mortgage Finance | 14 | -43.9% | 29.5% | 2.6% | FNMA 348% · FMCC 305% · ACT 151% |
| Diversified Financial Services | 4 | -6.2% | 22.5% | -0.8% | FRHC 150% · EQH 71% |
| Specialized Finance | 3 | 25.4% | 33.0% | -20.4% | CACC -20% · HASI -21% |
| Transaction & Payment Processing Services | 17 | 23.6% | 10.4% | -29.1% | V 99% · MA 92% · CPAY 84% |
| Mortgage REITs | 35 | -20.5% | -10.7% | -38.7% | RITM 34% · DX 16% · AGNC 10% |
| Diversified Capital Markets | 20 | -47.8% | -4.9% | -69.5% | LPLA 81% · TW 37% · RIOT -54% |
Research & Analysis
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Wealth Management
Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 38.95 |
| Mkt Cap | 1.8 |
| Rev LTM | 991 |
| Op Inc LTM | 441 |
| FCF LTM | 749 |
| FCF 3Y Avg | 538 |
| CFO LTM | 762 |
| CFO 3Y Avg | 550 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 13.6% |
| Rev Chg 3Y Avg | 15.8% |
| Rev Chg Q | 23.1% |
| QoQ Delta Rev Chg LTM | 5.7% |
| Op Inc Chg LTM | 19.1% |
| Op Inc Chg 3Y Avg | 21.6% |
| Op Mgn LTM | 38.3% |
| Op Mgn 3Y Avg | 36.4% |
| QoQ Delta Op Mgn LTM | -0.1% |
| CFO/Rev LTM | 62.6% |
| CFO/Rev 3Y Avg | 62.0% |
| FCF/Rev LTM | 61.1% |
| FCF/Rev 3Y Avg | 60.6% |
Price Behavior
| Market Price | $11.31 | |
| Market Cap ($ Bil) | 0.5 | |
| First Trading Date | 09/26/2019 | |
| Distance from 52W High | -13.1% | |
| 50 Days | 200 Days | |
| DMA Price | $8.75 | $6.37 |
| DMA Trend | up | up |
| Distance from DMA | 29.3% | 77.6% |
| 3M | 1YR | |
| Volatility | 72.1% | 71.1% |
| Downside Capture | 117.47 | 141.45 |
| Upside Capture | 387.48 | 220.41 |
| Correlation (S&P 500) | 55.6% | 37.4% |
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 1.45 | 1.52 | 1.50 | 1.05 | 1.66 | 1.48 |
| Up Beta | -1.97 | -0.38 | 1.49 | 0.70 | 1.24 | 1.13 |
| Down Beta | 2.24 | 1.65 | 3.30 | 2.06 | 1.89 | 2.00 |
| Up Capture | 341% | 328% | 292% | 163% | 342% | 267% |
| Bmk +ve Days | 12 | 18 | 28 | 62 | 130 | 427 |
| Stock +ve Days | 15 | 25 | 36 | 63 | 127 | 370 |
| Down Capture | -9% | 31% | -89% | 16% | 126% | 109% |
| Bmk -ve Days | 10 | 25 | 36 | 64 | 121 | 325 |
| Stock -ve Days | 7 | 18 | 28 | 61 | 119 | 366 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with OPRT | |
|---|---|---|---|---|
| OPRT | 117.8% | 71.1% | 1.36 | - |
| Sector ETF (XLF) | 10.0% | 15.3% | 0.41 | 46.8% |
| Equity (SPY) | 9.5% | 13.6% | 0.40 | 37.3% |
| Gold (GLD) | 1.6% | 28.7% | 0.05 | 12.1% |
| Commodities (DBC) | 38.4% | 21.2% | 1.42 | -25.6% |
| Real Estate (VNQ) | 11.3% | 14.2% | 0.51 | 30.8% |
| Bitcoin (BTCUSD) | -27.2% | 43.6% | -0.61 | 22.0% |
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Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with OPRT | |
|---|---|---|---|---|
| OPRT | -15.3% | 81.7% | 0.16 | - |
| Sector ETF (XLF) | 9.0% | 18.4% | 0.35 | 34.9% |
| Equity (SPY) | 11.3% | 17.3% | 0.48 | 32.4% |
| Gold (GLD) | 17.5% | 19.1% | 0.74 | 5.9% |
| Commodities (DBC) | 8.1% | 19.6% | 0.30 | 2.8% |
| Real Estate (VNQ) | 1.3% | 18.9% | -0.04 | 28.6% |
| Bitcoin (BTCUSD) | 4.0% | 51.6% | 0.26 | 17.8% |
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Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with OPRT | |
|---|---|---|---|---|
| OPRT | -4.6% | 78.1% | 0.27 | - |
| Sector ETF (XLF) | 13.2% | 22.1% | 0.54 | 38.4% |
| Equity (SPY) | 15.0% | 18.0% | 0.70 | 35.9% |
| Gold (GLD) | 11.9% | 16.5% | 0.59 | 5.4% |
| Commodities (DBC) | 7.5% | 18.1% | 0.33 | 8.4% |
| Real Estate (VNQ) | 5.9% | 20.7% | 0.24 | 33.1% |
| Bitcoin (BTCUSD) | 60.0% | 66.3% | 1.00 | 18.3% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Earnings Returns History
Updated 11/6/2026| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 11/3/2026 | 29.6% | ||
| 8/5/2026 | 32.8% | 24.1% | 22.3% |
| 5/7/2026 | -0.1% | -6.4% | -17.0% |
| 2/26/2026 | -5.1% | -3.5% | -17.9% |
| 11/4/2025 | 1.6% | -7.6% | 3.9% |
| 8/6/2025 | -7.3% | -1.4% | 3.6% |
| 5/8/2025 | 9.1% | 12.5% | 10.7% |
| 2/12/2025 | 8.3% | 34.7% | -6.6% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 15 | 14 | 13 |
| # Negative | 10 | 10 | 11 |
| Median Positive | 10.3% | 12.9% | 17.5% |
| Median Negative | -6.2% | -7.3% | -17.9% |
| Max Positive | 32.8% | 48.4% | 42.7% |
| Max Negative | -49.0% | -56.9% | -53.5% |
| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 11/3/2026 | 29.6% | ||
| 8/5/2026 | 32.8% | 24.1% | 22.3% |
| 5/7/2026 | -0.1% | -6.4% | -17.0% |
| 2/26/2026 | -5.1% | -3.5% | -17.9% |
| 11/4/2025 | 1.6% | -7.6% | 3.9% |
| 8/6/2025 | -7.3% | -1.4% | 3.6% |
| 5/8/2025 | 9.1% | 12.5% | 10.7% |
| 2/12/2025 | 8.3% | 34.7% | -6.6% |
| 11/12/2024 | -3.5% | 1.0% | 24.4% |
| 8/8/2024 | 6.2% | 7.9% | -9.0% |
| 5/9/2024 | 20.8% | 2.7% | -19.4% |
| 3/12/2024 | -9.2% | -35.8% | -42.0% |
| 11/6/2023 | -49.0% | -56.9% | -50.2% |
| 8/8/2023 | 30.3% | 30.1% | 42.7% |
| 5/8/2023 | 28.0% | 24.1% | 40.5% |
| 3/13/2023 | -34.6% | -19.1% | -4.5% |
| 11/7/2022 | 26.7% | 48.4% | 33.0% |
| 8/8/2022 | -28.5% | -29.5% | -53.5% |
| 5/9/2022 | 9.7% | 3.7% | 12.6% |
| 2/24/2022 | -1.5% | -7.1% | -20.8% |
| 11/3/2021 | 8.5% | 15.3% | -11.8% |
| 8/5/2021 | 13.9% | 13.3% | 17.5% |
| 5/6/2021 | 10.3% | 0.4% | 5.5% |
| 2/18/2021 | -4.8% | -4.8% | 22.5% |
| 11/10/2020 | 2.0% | 7.0% | 16.4% |
| SUMMARY STATS | |||
| # Positive | 15 | 14 | 13 |
| # Negative | 10 | 10 | 11 |
| Median Positive | 10.3% | 12.9% | 17.5% |
| Median Negative | -6.2% | -7.3% | -17.9% |
| Max Positive | 32.8% | 48.4% | 42.7% |
| Max Negative | -49.0% | -56.9% | -53.5% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 09/30/2026 | 11/04/2026 | 10-Q |
| 06/30/2026 | 08/06/2026 | 10-Q |
| 03/31/2026 | 05/08/2026 | 10-Q |
| 12/31/2025 | 02/27/2026 | 10-K |
| 09/30/2025 | 11/05/2025 | 10-Q |
| 06/30/2025 | 08/07/2025 | 10-Q |
| 03/31/2025 | 05/09/2025 | 10-Q |
| 12/31/2024 | 02/20/2025 | 10-K |
| 09/30/2024 | 11/12/2024 | 10-Q |
| 06/30/2024 | 08/09/2024 | 10-Q |
| 03/31/2024 | 05/10/2024 | 10-Q |
| 12/31/2023 | 03/15/2024 | 10-K |
| 09/30/2023 | 11/09/2023 | 10-Q |
| 06/30/2023 | 08/09/2023 | 10-Q |
| 03/31/2023 | 05/10/2023 | 10-Q |
| 12/31/2022 | 03/14/2023 | 10-K |
| Report Date | Filing Date | Filing |
|---|---|---|
| 09/30/2026 | 11/04/2026 | 10-Q |
| 06/30/2026 | 08/06/2026 | 10-Q |
| 03/31/2026 | 05/08/2026 | 10-Q |
| 12/31/2025 | 02/27/2026 | 10-K |
| 09/30/2025 | 11/05/2025 | 10-Q |
| 06/30/2025 | 08/07/2025 | 10-Q |
| 03/31/2025 | 05/09/2025 | 10-Q |
| 12/31/2024 | 02/20/2025 | 10-K |
| 09/30/2024 | 11/12/2024 | 10-Q |
| 06/30/2024 | 08/09/2024 | 10-Q |
| 03/31/2024 | 05/10/2024 | 10-Q |
| 12/31/2023 | 03/15/2024 | 10-K |
| 09/30/2023 | 11/09/2023 | 10-Q |
| 06/30/2023 | 08/09/2023 | 10-Q |
| 03/31/2023 | 05/10/2023 | 10-Q |
| 12/31/2022 | 03/14/2023 | 10-K |
| 09/30/2022 | 11/08/2022 | 10-Q |
| 06/30/2022 | 08/09/2022 | 10-Q |
| 03/31/2022 | 05/10/2022 | 10-Q |
| 12/31/2021 | 03/01/2022 | 10-K |
| 09/30/2021 | 11/04/2021 | 10-Q |
| 06/30/2021 | 08/06/2021 | 10-Q |
| 03/31/2021 | 05/07/2021 | 10-Q |
| 12/31/2020 | 02/23/2021 | 10-K |
| 09/30/2020 | 11/12/2020 | 10-Q |
| 06/30/2020 | 08/07/2020 | 10-Q |
| 03/31/2020 | 05/15/2020 | 10-Q |
| 12/31/2019 | 02/28/2020 | 10-K |
Recent Forward Guidance
Updated 11/4/2026Latest: Q3 2026 Earnings Reported 11/3/2026
| Forward Guidance | Guidance Change | |||||||
|---|---|---|---|---|---|---|---|---|
| Metric | Source | Low | Mid | High | % Chg | % Delta | Change | Prior |
| Q4 2026 Annualized Net Charge-Off Rate | Reported | 0.11 | 0.11 | 0.11 | ||||
| Q4 2026 Total Revenue | Reported | 247.00 Mil | 249.50 Mil | 252.00 Mil | 5.1% | Higher New | Guidance: 237.50 Mil for Q3 2026 | |
| Q4 2026 Adjusted EBITDA | Reported | 49.00 Mil | 51.50 Mil | 54.00 Mil | 13.2% | Higher New | Guidance: 45.50 Mil for Q3 2026 | |
| Q4 2026 Net Income | Reported | 21.80 Mil | 24.00 Mil | 26.20 Mil | ||||
| 2026 Annualized Net Charge-Off Rate | Reported | 0.12 | 0.12 | 0.12 | ||||
| 2026 Total Revenue | Reported | 955.00 Mil | 957.50 Mil | 960.00 Mil | 1.3% | Raised | Guidance: 945.00 Mil for 2026 | |
| 2026 Adjusted EBITDA | Reported | 183.00 Mil | 185.50 Mil | 188.00 Mil | 10.7% | Raised | Guidance: 167.50 Mil for 2026 | |
| 2026 Adjusted Net Income | Reported | 80.00 Mil | 82.50 Mil | 85.00 Mil | 5.7% | Raised | Guidance: 78.05 Mil for 2026 | |
| 2026 Net Income | Reported | 55.60 Mil | 57.80 Mil | 60.00 Mil | ||||
| 2026 Adjusted EPS | Reported | 1.6 | 1.65 | 1.7 | 4.8% | Raised | Guidance: 1.58 for 2026 | |
| 2026 Adjusted EPS Growth | Reported | 21.0% | ||||||
| 2026 Diluted Earnings per share | Reported | 1.11 | 1.16 | 1.2 | ||||
Prior: Q2 2026 Earnings Reported 8/5/2026
| Forward Guidance | Guidance Change | |||||||
|---|---|---|---|---|---|---|---|---|
| Metric | Source | Low | Mid | High | % Chg | % Delta | Change | Prior |
| Q3 2026 Total Revenue | Reported | 235.00 Mil | 237.50 Mil | 240.00 Mil | 3.5% | Higher New | Guidance: 229.50 Mil for Q2 2026 | |
| Q3 2026 Adjusted EBITDA | Reported | 43.00 Mil | 45.50 Mil | 48.00 Mil | 24.7% | Higher New | Guidance: 36.50 Mil for Q2 2026 | |
| 2026 Total Revenue | Reported | 935.00 Mil | 945.00 Mil | 955.00 Mil | 0 | Affirmed | Guidance: 945.00 Mil for 2026 | |
| 2026 Adjusted EBITDA | Reported | 160.00 Mil | 167.50 Mil | 175.00 Mil | 6.3% | Raised | Guidance: 157.50 Mil for 2026 | |
| 2026 Adjusted Net Income | Reported | 74.00 Mil | 78.05 Mil | 82.00 Mil | 0.1% | Raised | Guidance: 78.00 Mil for 2026 | |
| 2026 Adjusted EPS | Reported | 1.5 | 1.58 | 1.65 | 0 | Affirmed | Guidance: 1.58 for 2026 | |
Q1 2026 Earnings Reported 5/7/2026
| Forward Guidance | Guidance Change | |||||||
|---|---|---|---|---|---|---|---|---|
| Metric | Source | Low | Mid | High | % Chg | % Delta | Change | Prior |
| Q2 2026 Annualized Net Charge-Off Rate | Reported | 0.12 | -0.4% | Lower New | Actual: 0.13 for Q1 2026 | |||
| Q2 2026 Total Revenue | Reported | 227.00 Mil | 229.50 Mil | 232.00 Mil | 0.9% | Higher New | Actual: 227.50 Mil for Q1 2026 | |
| Q2 2026 Adjusted EBITDA | Reported | 34.00 Mil | 36.50 Mil | 39.00 Mil | 32.7% | Higher New | Actual: 27.50 Mil for Q1 2026 | |
| 2026 Annualized Net Charge-Off Rate | Reported | 0.12 | 0 | Affirmed | Guidance: 0.12 for 2026 | |||
| 2026 Total Revenue | Reported | 935.00 Mil | 945.00 Mil | 955.00 Mil | 0 | Affirmed | Guidance: 945.00 Mil for 2026 | |
| 2026 Adjusted EBITDA | Reported | 150.00 Mil | 157.50 Mil | 165.00 Mil | 0 | Affirmed | Guidance: 157.50 Mil for 2026 | |
| 2026 Adjusted Net Income | Reported | 74.00 Mil | 78.00 Mil | 82.00 Mil | 0 | Affirmed | Guidance: 78.00 Mil for 2026 | |
| 2026 Adjusted EPS | Reported | 1.5 | 1.58 | 1.65 | 0 | Affirmed | Guidance: 1.58 for 2026 | |
Q4 2025 Earnings Reported 2/26/2026
| Forward Guidance | Guidance Change | |||||||
|---|---|---|---|---|---|---|---|---|
| Metric | Source | Low | Mid | High | % Chg | % Delta | Change | Prior |
| Q1 2026 Annualized Net Charge-Off Rate | Reported | 0.13 | 0.13 | 0.13 | ||||
| Q1 2026 Total Revenue | Reported | 225.00 Mil | 227.50 Mil | 230.00 Mil | -6.6% | Lower New | Guidance: 243.50 Mil for Q4 2025 | |
| Q1 2026 Adjusted EBITDA | Reported | 25.00 Mil | 27.50 Mil | 30.00 Mil | -19.1% | Lower New | Guidance: 34.00 Mil for Q4 2025 | |
| 2026 Annualized Net Charge-Off Rate | Reported | 0.11 | 0.12 | 0.12 | ||||
| 2026 Total Revenue | Reported | 935.00 Mil | 945.00 Mil | 955.00 Mil | -0.8% | Lower New | Guidance: 952.50 Mil for 2025 | |
| 2026 Adjusted EBITDA | Reported | 150.00 Mil | 157.50 Mil | 165.00 Mil | 12.5% | Higher New | Guidance: 140.00 Mil for 2025 | |
| 2026 Adjusted Net Income | Reported | 74.00 Mil | 78.00 Mil | 82.00 Mil | 20.0% | Higher New | Guidance: 65.00 Mil for 2025 | |
| 2026 Adjusted EPS | Reported | 1.5 | 1.58 | 1.65 | 16.7% | Higher New | Guidance: 1.35 for 2025 | |
Insider Activity
Updated 9/14/2026| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Schueller, Joseph Andrew | SVP-Controller, CAO | Direct | Sell | 9142026 | 7.80 | 28 | 218 | 554,744 | Form |
| 2 | Schueller, Joseph Andrew | SVP-Controller, CAO | Direct | Sell | 9142026 | 7.80 | 2,831 | 22,082 | 554,962 | Form |
| 3 | Layton, Kathleen I | Chief Legal Officer | Direct | Sell | 9142026 | 7.80 | 4,223 | 32,939 | 2,277,647 | Form |
| 4 | Layton, Kathleen I | Chief Legal Officer | Direct | Sell | 3132026 | 4.90 | 19,355 | 94,840 | 1,106,773 | Form |
| 5 | Kirscht, Patrick | Chief Credit Officer | Direct | Sell | 3122026 | 4.90 | 54,299 | 266,065 | 2,154,128 | Form |
| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Schueller, Joseph Andrew | SVP-Controller, CAO | Direct | Sell | 9142026 | 7.80 | 28 | 218 | 554,744 | Form |
| 2 | Schueller, Joseph Andrew | SVP-Controller, CAO | Direct | Sell | 9142026 | 7.80 | 2,831 | 22,082 | 554,962 | Form |
| 3 | Layton, Kathleen I | Chief Legal Officer | Direct | Sell | 9142026 | 7.80 | 4,223 | 32,939 | 2,277,647 | Form |
| 4 | Layton, Kathleen I | Chief Legal Officer | Direct | Sell | 3132026 | 4.90 | 19,355 | 94,840 | 1,106,773 | Form |
| 5 | Kirscht, Patrick | Chief Credit Officer | Direct | Sell | 3122026 | 4.90 | 54,299 | 266,065 | 2,154,128 | Form |
| 6 | Layton, Kathleen I | Chief Legal Officer | Direct | Sell | 9112025 | 6.64 | 4,214 | 27,981 | 1,056,982 | Form |
Investor Activity (13F)
Updated Nov 9, 2026Active managers (13F portfolio over $250M, at least 3 holdings) with a position over $5M that is either over 10% of their portfolio or held in a concentrated book of 50 or fewer total positions. Index/ETF, sovereign, bank, community-bank and charitable/donor-advised filers are excluded.
| Active Manager |
|---|
Industry Resources
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| FDIC Data |
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| The Banker |
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| Consumer Financial Protection Bureau (CFPB) |
| InsideARM |
| The Nilson Report |
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| SeekingAlpha | ValueLine |
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| MarketWatch | Unusual Whales |
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| FinViz |
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