Oportun Financial Corp
For the period ended Dec 31, 2024. Filed Feb 20, 2025.
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FY2024 · Filed Feb 20, 2025
OPRT$11.65+0.3%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Statements of Cash Flow
(in thousands)
| Year Ended December 31, | ||
|---|---|---|
| 2024 | 2023 | |
| Cash flows from operating activities | ||
| Net loss | $(78,682) | $(179,951) |
| Adjustments to reconcile net loss to net cash provided by operating activities: | ||
| Depreciation and amortization | 51,157 | 54,885 |
| Fair value adjustment, net | 468,413 | 596,839 |
| Origination fees for loans receivable at fair value, net | (32,796) | (23,360) |
| Gain on loan sales | (6,010) | (8,481) |
| Stock-based compensation expense | 12,989 | 18,593 |
| Other, net | 4,197 | (53,195) |
| Originations of loans sold and held for sale | (119,551) | (56,603) |
| Proceeds from sale of loans | 124,068 | 65,088 |
| Changes in operating assets and liabilities | (30,263) | (21,050) |
| Net cash provided by operating activities | 393,522 | 392,765 |
| Cash flows from investing activities | ||
| Originations and purchases of loans held for investment | (1,525,656) | (1,580,134) |
| Proceeds from loan sales originated as held for investment | 54,491 | 4,055 |
| Repayments of loan principal | 1,297,549 | 1,322,601 |
| Capitalization of system development costs | (19,187) | (31,261) |
| Other, net | (886) | (1,442) |
| Net cash used in investing activities | (193,689) | (286,181) |
| Cash flows from financing activities | ||
| Borrowings under secured financing | 742,066 | 245,700 |
| Repayments of secured financing | (493,812) | (274,751) |
| Borrowings under asset-backed notes at fair value | — | — |
| Repayments of asset-backed notes at fair value | (771,403) | (707,619) |
| Borrowings under asset-backed borrowings at amortized cost | 771,420 | 626,405 |
| Repayments of asset-backed borrowings at amortized cost | (364,035) | (33,615) |
| Borrowings under acquisition and corporate financing | 223,243 | 73,355 |
| Repayments of acquisition and corporate financing | (285,663) | (28,442) |
| Payments of deferred financing costs | (12,768) | (2,719) |
| Net payments related to stock-based activities | (272) | (2,699) |
| Net cash used in financing activities | (191,224) | (104,385) |
| Net increase in cash and cash equivalents and restricted cash | 8,609 | 2,199 |
| Cash and cash equivalents and restricted cash, beginning of period | 206,016 | 203,817 |
| Cash and cash equivalents and restricted cash, end of period | $214,625 | $206,016 |
| Supplemental disclosure of cash flow information | ||
| Cash and cash equivalents | $59,968 | $91,187 |
| Restricted cash | 154,657 | 114,829 |
| Total cash and cash equivalents and restricted cash | $214,625 | $206,016 |
| Cash paid for income taxes, net of refunds | $1,043 | $(1,860) |
| Cash paid for interest | $213,973 | $183,973 |
| Cash paid for amounts included in the measurement of operating lease liabilities | $12,518 | $14,070 |
| Supplemental disclosures of non-cash investing and financing activities | ||
| Right of use assets obtained in exchange for operating lease obligations | $(4,413) | $1,835 |
| Non-cash investment in capitalized assets | $1,354 | $(305) |
| Non-cash financing activities | $58,729 | $17,807 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.