Oportun Reports Fourth Quarter and Full Year 2024 Financial Results
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Oportun Financial Corporation reported a return to GAAP profitability with a net income of $9 million in Q4 2024. The company achieved an adjusted EBITDA of $41 million, marking a 315% increase year-over-year. Operating expenses were reduced by 31% to $89 million, and the net charge-off rate was the lowest since Q3 2022. Oportun is raising its full-year 2025 expectations.
February 12, 2025 | 10:00 pm
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Oportun Financial Corporation reported strong Q4 2024 results, returning to GAAP profitability with a net income of $9 million. The company saw a significant increase in adjusted EBITDA and reduced operating expenses, leading to raised expectations for 2025.
The return to profitability and significant growth in adjusted EBITDA are positive indicators for Oportun's financial health. The reduction in operating expenses and the lowest net charge-off rate since Q3 2022 further strengthen the company's position. Raising 2025 expectations suggests confidence in future performance, likely leading to a positive short-term impact on the stock price.
CONFIDENCE 100
IMPORTANCE 90
RELEVANCE 100