Oportun Financial : Investor Presentation - May 2026

Published: 2026-05-14 18:19:10 ET OPRT

Published on 05/14/2026 at 06:19 pm EDT

Investor Presentation

May 2026

Overview of Oportun Financial (Nasdaq: OPRT)

We provide intelligent borrowing and savings capabilities to help our members build a better financial future

Oportun offers products that holistically address two of the most fundamental challenges to financial health and resilience: access to affordable credit and the ability to build adequate savings

Our customers are hard-working, responsible individuals with modest incomes and limited savings who often rely on credit to manage unexpected or large expenses

We strive to make the application and servicing process quick and convenient through our customer-first, omni-channel platform

Our business is powered by a proprietary, centralized technology platform and fully automated risk engine, which enables real-time approval decisions without manual exceptions or overrides

Since our founding in 2005, we have originated more than 8 million loans and extended more than $22.2 billion in credit, helping 1.3 million members build credit histories

Additionally, since 2015, our Set & Save™ members have set aside more than $12.8 billion in savings, averaging approximately $1,800 per member per year

Select FY25 Financial Data

Total Revenue $957M

Aggregate Originations $1,957M

Portfolio Yield 33.1%

Annualized Net Charge-Off Rate 12.0%

Adjusted EBITDA $148M

Adjusted Net Income $65M

$25M

GAAP Net Income

Adjusted EPS $1.36

See Appendix for Key Definitions and non-GAAP reconciliation to the most comparable GAAP measure; numbers may not foot or cross due to rounding. 4

Borrowing, savings and budgeting for hardworking individuals

Mission

Empowering members to build a better future

Unsecured Personal Loans

Secured Personal Loans

Savings

Strong Customer Value Proposition

Proprietary Underwriting Engine

Comprehensive Physical and Digital Channels

Unique Servicing and Collections Capabilities

Award Winning Savings Product

Target Market

Low-to-moderate income individuals benefiting from responsible lending and effortless savings products

English and Spanish speaking customer base, seamlessly engaging with bilingual contact center team

Thin-file / no-file borrowers who are traditionally underserved

5

Addressing the biggest challenges facing U.S. consumers

of U.S. households struggle with spending, saving, borrowing and planning(2)

would struggle to come up with

$1,000 in an emergency(3)

75%

had bank-related account fees in the past year(4)

are not confident about their long-term financial goals(2)

of Americans do not feel that they are completely financially secure(1)

aren't completely satisfied with the amount of money they've saved(5)

6

Responsibly structured credit products

Personal installment loan product secured by an automobile, allowing members to access larger loan sizes

$6,607

$2,900 | $9,000

35 months

25 | 43 months

33.0%

Simple-to-understand, affordable, unsecured, fully-amortizing installment loans with fixed payments

$3,360

$1,500 | $4,500

27 months

19 | 34 months

35.8%

Use Case

Avg Loan Size

25th and 75th Percentile

Avg Term

25th and 75th Percentile

Weighted Avg APR

Data based on originations for the three-months ended March 31, 2026. 7

Compelling customer value proposition compared to the alternatives

Cost of borrowing between $500-$1,500*

Positive social impact

1.3M

Credit histories established(6)

$2,393

$516

$292

Payday Loans Competitor Installment Loans

Expense multiples of Oportun costs

Competitor loans are 5 times more expensive on average*

Payday loans are up to 8 times more expensive*

* Based on the average cost of unsecured personal loans of $500 - $1,500 as determined by internal calculations using data from an external survey of competitor loans originated in 2025.

8

Credit Risk Platform Enables Highly Granular Decision Making and Competitive Advantage

100% centralized, automated underwriting with no overrides or exceptions

Billions of data points

analyzed using A.I. (machine learning) to develop credit and fraud models

1,000+ end nodes

allow for precision in approve / decline and loan amount decisions

30+ alternative data sources

and ongoing machine learning application for new data sets

3 independent frameworks

permit very fine gradations of credit risk

Added bank transaction data

to improve underwriting, marketing and servicing

Alternative Data Score

allows us to score 100% of customers, even no-hits and non-scorables

includes bank transaction, rental, and cell phone payment data, amongst numerous types

Ability to adapt overnight to changing credit environment

determines approve and loan amount

Custom built bureau score

more accurate for thin-file customers

9

Multi-channel loan originations...

53% of 1Q26 applicants used more than one channel to apply; 79% utilized Mobile / Digital channel for at least part of their applications, even if they initiated in Retail or with a Contact Center

Loan Origination Channels*

Mix

Channel

Scale

126 Retail locations and 460 Lending as a Service Partner locations

Retail locations located in Arizona, California, Florida, Illinois, New Jersey, Nevada, Texas, and Utah

Lending as a Service partners include DolEx Dollar Express, Barri Financial(7) and Western Union

Contact Centers

500+ contact center team members engaged in marketing products and assisting members through the loan process

Two contact centers in Mexico

Mobile / Digital

Award-winning mobile app and digital / online optimized for conversion

* Based on loan originations for the three months ended March 31, 2026 10

…and multi-channel loan servicing

While 90% of payments received during 1Q26 were made via either debit or ACH, Oportun also offers over 100K

~60,000

partner payment locations, in addition to Oportun-branded retail stores

Payment Channels

Payment Channel Distribution *

Partner Payment Locations

~20,000

~30,000

2%

7%

15%

76%

* Based on payments received for the three months ended March 31, 2026 11

Problem

59%

of U.S. consumers would struggle to come up with

$1,000 in the event of an emergency(3)

Savings remains a 2026 priority

according to Bankrate 9 Best Money-Saving

Apps of 2025

Solution

A.I.-driven saving

that helps members effortlessly save toward their goals

Impact

$12.8B+

saved for members since 2015

7 Personal Finance Apps For Simplifying Your Money

12

Consistent strategic focus delivering measurable results

Increased proportion of returning member originations from 63% in 1Q25 to 79% in 1Q26

Improved vintage performance in new and returning member originations since 2H25

Releasing new V13 credit model for new member underwriting in Q2, and for returning members in Q3

-V13 will feature enhanced model architecture and new alternative data sources

Advancing risk-based pricing initiative to lend to higher-risk customers at rates above 36%

-Signed LOI with new bank partner; evaluating financing partners

Launched new initiative providing member payment protection against unforeseen events in phased roll-out

-Oportun to benefit from premium payments and lower losses

Reiterating mid-single-digits FY26 originations growth guidance

1Q26 secured personal loan portfolio grew 30% Y/Y; substantially lower losses than unsecured

During Q1, launched instant prescreen process, automatically triggering direct mail and multichannel targeting communications with freshest bureau data available

See Appendix for Key Definitions and non-GAAP reconciliation to the most comparable GAAP measure; numbers may not foot or cross due to rounding 14

Strategic Priorities

Disciplined credit stance reflects member stability

Strong employment and residential stability, with 96% of loans disbursed to U.S. bank accounts

Income Verified

Of applicants, ~$56K median gross income

Loan Disbursement

Of borrowers receive in U.S. bank accounts

Employment Stability

On average with same employer

Residential Stability

On average at same residence

Average Vantage score at origination(1) with ~97% of ending principal balance having a Vantage score at origination

Target Customers

Reflects member attributes relating to loans originated during 1Q26. *Active loans as of 3/31/26. 15

First quarter 2026 credit performance

Annualized NCO Rate of 12.65% anticipated to be peak 2026 level; 30+ Day DQ Rate decreased year-over-year and sequentially

NCO Rate

46bps

1Q25

4Q25

1Q26

2Q26 Guidance*

12.2%

+/-15bps

12.2%

12.3%

12.7%

30+ Day Delinquency Rate

(18)bps

4.7%

4.9%

4.5%

1Q25

4Q25

1Q26

See Appendix for Key Definitions of 30+ Day Delinquency Rate and Annualized Net Charge-Off Rate

* 2Q26 guidance range 16

1Q26 earnings overview

Continued GAAP profitability

$2.3M in Q1 net income, sixth consecutive GAAP profitable quarter

Q1 stockholders' equity grew by $30M Y/Y

Expect improved Q2-Q4 GAAP profitability and ROE with ramping originations and lower credit losses

Q1 results reflect disciplined execution

Achieved all guidance metrics

Focused on strengthening unit economics while under tight credit posture

Adjusted OpEx ratio of 12.7% improved by 63 bps Y/Y, nearing 12.5% target

Interest expense declined $9M, 16% Y/Y; cost of debt declined by -116 bps to 7.0%, below 8.0% target

Reduced leverage from 7.6x to

6.8x Y/Y, approaching 6.0x target while increasing unrestricted cash balance by

$52M, 66%

See Appendix for Key Definitions and non-GAAP reconciliation to the most comparable GAAP measure. 18

Reiterating FY26 Adjusted EPS guidance range, reflecting 16% growth at the midpoint

Adjusted EPS guidance range of

$1.50-$1.65

Adjusted EBITDA guidance range of

$150-$165M reflects 6% growth at the midpoint

Expecting FY26 improvement across metrics:

GAAP profitability growth

Increased ROE and Adjusted ROE

Improved NCO Rate at midpoint guidance

10%+ lower interest expense

Additional de-leveraging

Financial Overview

Attractive unit economic model

1Q26 Adjusted ROE was 10.5%; expect FY26 to outpace FY25's 17.5%

Corporate Level Profitability

6.8:1 Leverage

F

6:1 Leverage

1.3%

(8)

3-4%

ROA(8)

ROE(9)

Maintaining cost discipline, increased scale falls to the bottom line

Access to diversified sources of funding ensures superior equity returns

11%

20-28%

Illustrative Unit Economics as a % of Average Daily Principal Balance

32% 32%

34%

27% 28%

17-19%

14%

(13%)

(12.7%)

(12.5%)

(7%) (8%)

(9-11%)

2%

4%

Fair Value Marks:0.2%(9)

36%

A

B

C

D

E

Loan

Affordable credit for underserved populations

Non-Interest Income

Savings product and loan sale/ servicing revenue

Total Revenue Yield

Cost of

Long-term normalized expectation in higher rate environment

Net Interest Margin

Net

Charge Offs

Target consistent with historical range, adjusted for 10-15% owned portfolio growth

Risk Adjusted NIM

Operating

Expenses(9)

Note: Numbers may not foot or cross-foot due to rounding. 19

First quarter capital and liquidity

Leverage sharply reduced from 7.6x to 6.8x Y/Y; $485M February 2026 ABS transaction at 5.32% weighted average yield was fourth consecutive to achieve sub-6% funding cost and AAA rating at top of capital stack

Sources of Liquidity ($M)

Fixed Rate Debt (%)

Net Change in Cash ($M)

Leverage (Debt to Equity)

$1139

$33

$210

$1,382

Total Liquidity Capacity

$11

$104

$(101)

92%

8%

$8

Fixed Rate Debt Cash Flow Summary

Net revenue and operating expenses

1Q26

4Q25

3Q25

2Q25

1Q25

6.8x

7.2x

7.1x

7.3x

7.6x

Net lending and system development

Net borrowing and repayment

Financing

Note: Numbers may not foot or cross-foot due to rounding. 20

Disclaimer

Oportun Financial Corp. published this content on May 14, 2026, and is solely responsible for the information contained herein. Distributed via Public Technologies (PUBT), unedited and unaltered, on May 14, 2026 at 22:18 UTC.