Oportun Financial Corporation (OPRT) Financial Statements (2024 and earlier)
Company Profile
| Business Address |
2 CIRCLE STAR WAY SAN CARLOS, CA 94070 |
| State of Incorp. | DE |
| Fiscal Year End | December 31 |
| Industry (SIC) | 6199 - Finance Services (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
| 3/31/2024 MRQ | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | |||
|---|---|---|---|---|---|---|---|---|
| ASSETS | ||||||||
| Current Assets | ||||||||
| Cash, cash equivalents, and short-term investments | 91,187 | 98,817 | 130,959 | 136,187 | 72,179 | |||
| Cash and cash equivalents | 91,187 | 98,817 | 130,959 | 136,187 | 72,179 | |||
| Receivables | 6,621 | |||||||
| Total current assets: | 91,187 | 98,817 | 130,959 | 136,187 | 78,800 | |||
| Noncurrent Assets | ||||||||
| Operating lease, right-of-use asset | 21,105 | 30,448 | 38,403 | 46,820 | 50,503 | |||
| Property, plant and equipment | 6,991 | 10,524 | 9,915 | 15,850 | 22,834 | |||
| Intangible assets, net (including goodwill) | 27,468 | 35,677 | 147,578 | |||||
| Goodwill | 104,014 | |||||||
| Intangible assets, net (excluding goodwill) | 27,468 | 35,677 | 43,564 | |||||
| Deferred income tax assets | 48,123 | 1,793 | 3,923 | 1,716 | 1,563 | |||
| Total noncurrent assets: | 103,687 | 78,442 | 199,819 | 64,386 | 74,900 | |||
| Other undisclosed assets | 3,217,014 | 3,436,436 | 2,615,847 | 1,808,478 | 2,048,174 | |||
| TOTAL ASSETS: | 3,411,888 | 3,613,695 | 2,946,625 | 2,009,051 | 2,201,874 | |||
| LIABILITIES AND EQUITY | ||||||||
| Liabilities | ||||||||
| Current Liabilities | ||||||||
| Accounts payable and accrued liabilities | 3,777 | |||||||
| Accrued liabilities | 3,777 | |||||||
| Debt | 289,951 | 317,568 | 393,889 | 246,385 | 60,910 | |||
| Total current liabilities: | 293,728 | 317,568 | 393,889 | 246,385 | 60,910 | |||
| Noncurrent Liabilities | ||||||||
| Liabilities, other than long-term debt | 30,575 | 28,424 | 10,557 | 24,868 | ||||
| Deferred income tax liabilities | 30,575 | 28,424 | 10,557 | 24,868 | ||||
| Total noncurrent liabilities: | 30,575 | 28,424 | 10,557 | 24,868 | ||||
| Other undisclosed liabilities | 2,713,756 | 2,717,953 | 1,920,431 | 1,285,742 | 1,627,330 | |||
| Total liabilities: | 3,007,484 | 3,066,096 | 2,342,744 | 1,542,684 | 1,713,108 | |||
| Equity | ||||||||
| Equity, attributable to parent | 404,404 | 547,599 | 603,881 | 466,367 | 488,766 | |||
| Common stock | 7 | 7 | 6 | 6 | 6 | |||
| Treasury stock, value | (6,309) | (6,309) | (6,309) | (6,309) | (6,119) | |||
| Additional paid in capital | 584,555 | 547,799 | 526,338 | 436,499 | 418,299 | |||
| Accumulated other comprehensive loss | (261) | (162) | ||||||
| Retained earnings (accumulated deficit) | (173,849) | 6,102 | 83,846 | 36,432 | 76,679 | |||
| Warrants and rights outstanding | 63 | |||||||
| Total equity: | 404,404 | 547,599 | 603,881 | 466,367 | 488,766 | |||
| TOTAL LIABILITIES AND EQUITY: | 3,411,888 | 3,613,695 | 2,946,625 | 2,009,051 | 2,201,874 | |||
Income Statement (P&L) ($ in thousands)
| 3/31/2024 TTM | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | ||
|---|---|---|---|---|---|---|---|
| Revenues | 1,056,919 | 952,545 | 626,782 | 583,734 | 600,148 | ||
| Net investment income | 963,496 | 876,114 | 575,839 | 545,466 | 544,126 | ||
| Gross profit: | 1,056,919 | 952,545 | 626,782 | 583,734 | 600,148 | ||
| Operating expenses | (534,319) | (167,310) | (37,480) | (20,471) | (15,392) | ||
| Operating income: | 522,600 | 785,235 | 589,302 | 563,263 | 584,756 | ||
| Interest and debt expense | (179,414) | (93,046) | (47,669) | (58,368) | (60,546) | ||
| Other undisclosed loss from continuing operations before equity method investments, income taxes | (562,989) | (439,778) | |||||
| Income (loss) from continuing operations before equity method investments, income taxes: | 343,186 | 692,189 | 541,633 | (58,094) | 84,432 | ||
| Other undisclosed loss from continuing operations before income taxes | (596,839) | (767,475) | (478,842) | ||||
| Income (loss) from continuing operations before income taxes: | (253,653) | (75,286) | 62,791 | (58,094) | 84,432 | ||
| Income tax expense (benefit) | 73,702 | (2,458) | (15,377) | 13,012 | (22,834) | ||
| Income (loss) from continuing operations: | (179,951) | (77,744) | 47,414 | (45,082) | 61,598 | ||
| Income (loss) before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | 47,414 | (45,082) | 61,598 | |
| Net income (loss) attributable to parent: | (179,951) | (77,744) | 47,414 | (45,082) | 61,598 | ||
| Undistributed earnings (loss) allocated to participating securities, basic | (19,880) | ||||||
| Other undisclosed net loss available to common stockholders, basic | (37,456) | ||||||
| Net income (loss) available to common stockholders, diluted: | (179,951) | (77,744) | 47,414 | (45,082) | 4,262 | ||
Comprehensive Income ($ in thousands)
| 3/31/2024 TTM | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | ||
|---|---|---|---|---|---|---|---|
| Net income (loss): | (179,951) | (77,744) | 47,414 | (45,082) | 61,598 | ||
| Other comprehensive loss | (99) | (30) | |||||
| Comprehensive income (loss), net of tax, attributable to parent: | (179,951) | (77,744) | 47,414 | (45,181) | 61,568 | ||
Statements Sources
The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.