Oportun Financial Corp
For the period ended Dec 31, 2025. Filed Feb 27, 2026.
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FY2025 · Filed Feb 27, 2026
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, | ||
|---|---|---|
| 2025 | 2024 | |
| Cash flows from operating activities | ||
| Net income (loss) | $25,246 | $(78,682) |
| Adjustments to reconcile net income (loss) to net cash provided by operating activities: | ||
| Depreciation and amortization | 41,412 | 51,157 |
| Fair value adjustment, net | 319,345 | 468,413 |
| Origination fees for loans receivable at fair value, net | (37,592) | (32,796) |
| Gain on loan sales | (5,640) | (6,010) |
| Stock-based compensation expense | 10,686 | 12,989 |
| Other, net | 55,066 | 4,197 |
| Originations of loans sold and held for sale | (140,347) | (119,551) |
| Proceeds from sale of loans | 147,527 | 124,068 |
| Changes in operating assets and liabilities | (2,294) | (30,263) |
| Net cash provided by operating activities | 413,409 | 393,522 |
| Cash flows from investing activities | ||
| Originations and purchases of loans held for investment | (1,762,766) | (1,525,656) |
| Proceeds from loan sales originated as held for investment | — | 54,491 |
| Repayments of loan principal | 1,418,342 | 1,297,549 |
| Capitalization of system development costs | (24,330) | (19,187) |
| Other, net | (971) | (886) |
| Net cash used in investing activities | (369,725) | (193,689) |
| Cash flows from financing activities | ||
| Borrowings under secured financing | 1,038,112 | 742,066 |
| Repayments of secured financing | (1,372,482) | (493,812) |
| Repayments of asset-backed notes at fair value | (834,711) | (771,403) |
| Borrowings under asset-backed borrowings at amortized cost | 1,831,802 | 771,420 |
| Repayments of asset-backed borrowings at amortized cost | (647,184) | (364,035) |
| Borrowings under acquisition and corporate financing | — | 223,243 |
| Repayments of acquisition and corporate financing | (71,259) | (285,663) |
| Payments of deferred financing costs | (3,253) | (12,768) |
| Net payments related to stock-based activities | (400) | (272) |
| Net cash used in financing activities | (59,375) | (191,224) |
| Net increase (decrease) in cash and cash equivalents and restricted cash | (15,691) | 8,609 |
| Cash and cash equivalents and restricted cash, beginning of period | 214,625 | 206,016 |
| Cash and cash equivalents and restricted cash, end of period | $198,934 | $214,625 |
| Supplemental disclosure of cash flow information | ||
| Cash and cash equivalents | $105,525 | $59,968 |
| Restricted cash | 93,409 | 154,657 |
| Total cash and cash equivalents and restricted cash | $198,934 | $214,625 |
| Cash paid for income taxes, net of refunds | $2,848 | $1,043 |
| Cash paid for interest | $194,720 | $213,973 |
| Cash paid for amounts included in the measurement of operating lease liabilities | $11,223 | $12,518 |
| Supplemental disclosures of non-cash investing and financing activities | ||
| Right of use assets obtained in exchange for operating lease obligations | $3,622 | $(4,413) |
| Non-cash investments in capitalized assets | $664 | $1,354 |
| Non-cash financing activities | $59,598 | $58,729 |
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