Oportun Financial Corp
For the period ended Dec 31, 2023. Filed Mar 15, 2024.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2023 · Filed Mar 15, 2024
OPRT$11.62+2.7%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Statements of Operation
Consolidated Statements of Operations
(in thousands, except share and per share data)
| Year Ended December 31, | ||
|---|---|---|
| 2023 | 2022 | |
| Revenue | ||
| Interest income | $963,496 | $876,114 |
| Non-interest income | 93,423 | 76,431 |
| Total revenue | 1,056,919 | 952,545 |
| Less: | ||
| Interest expense | 179,414 | 93,046 |
| Net decrease in fair value | (596,839) | (218,842) |
| Net revenue | 280,666 | 640,657 |
| Operating expenses: | ||
| Technology and facilities | 219,406 | 216,120 |
| Sales and marketing | 75,284 | 110,033 |
| Personnel | 121,843 | 154,850 |
| Outsourcing and professional fees | 45,401 | 67,630 |
| General, administrative and other | 72,385 | 58,838 |
| Goodwill impairment | — | 108,472 |
| Total operating expenses | 534,319 | 715,943 |
| Income (loss) before taxes | (253,653) | (75,286) |
| Income tax expense (benefit) | (73,702) | 2,458 |
| Net income (loss) | $(179,951) | $(77,744) |
| Net income (loss) attributable to common stockholders | $(179,951) | $(77,744) |
| Share data: | ||
| Earnings (loss) per share: | ||
| Basic | $(4.88) | $(2.37) |
| Diluted | $(4.88) | $(2.37) |
| Weighted average common shares outstanding: | ||
| Basic | 36,875,950 | 32,825,772 |
| Diluted | 36,875,950 | 32,825,772 |
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