Oportun Financial Corporation (OPRT): Business Model Canvas [Dec-2025 Updated]

You're looking for the nuts and bolts of how Oportun Financial Corporation makes money serving the financially underserved, and honestly, the picture for late 2025 is one of a mission-driven fintech doubling down on its AI underwriting. With a projected revenue between \$945 million and \$970 million for the full year and serving approximately 2.0 million total members, their model hinges on offering affordable credit alternatives to high-cost payday loans, using proprietary tech to manage risk-even with an expected Net Charge-Off Rate around 11.5%. This canvas breaks down exactly how they balance their \$954 million warehouse financing capacity with their CDFI certification and retail footprint to deliver value propositions like building formal credit history. Dive in below to see the full nine blocks of their strategy.

Oportun Financial Corporation (OPRT) - Canvas Business Model: Key Partnerships

Pathward, National Association for loan origination and program administration.

Oportun Financial Corporation extended its partnership with Pathward, National Association, through 2029. This collaboration, which began in 2020, involves Pathward originating unsecured and secured personal loans under Oportun programs.

Oportun Financial Corporation announced an amendment to simplify the partnership, ceasing Pathward's retention of Oportun loans by February 2026. Effective October 1, 2025, Oportun began purchasing these loans, with an initial purchase scheduled for October 3, 2025, involving approximately $115 million in loans.

Oportun Financial Corporation offers its lending solutions through online, mobile channels, and in 127 physical stores across various states as of late 2025.

Major credit bureaus (Experian, TransUnion) for credit assessment.

Oportun Financial Corporation helps users build their credit history by reporting customer accounts to credit bureaus.

The company leans into lending technology that helps parse risk, including a service from Plaid that enables tracking of nontraditional credit forms by observing their impact on deposit flows.

Technology vendors like AWS for cloud infrastructure.

The effectiveness of Oportun Financial Corporation's technology-driven solutions is noted, underpinning its recognition as one of CNBC's World's Top Fintech Companies for 2025.

Asset-Backed Securitization (ABS) investors for funding loan pools.

Oportun Financial Corporation has consistently accessed capital markets through Asset-Backed Securitizations in 2025, demonstrating continued access to low-cost funding. Since June of 2023 and inclusive of the January 2025 transaction, Oportun has raised approximately $2.8 billion in diversified financings.

Here's the quick math on the 2025 ABS transactions:

Date Announced	Total Issuance Amount	Average Yield	Weighted Average Coupon	Senior Note Rating
January 2025	$425 million	6.95%	6.15%	AA- (KBRA)
June 2025	$439 million	5.67%	5.57%	AAA (Fitch)
August 2025	Approximately $538 million	5.29%	5.23%	AAA (Fitch)
October 2025	$441 million	5.77%	5.69%	AAA (Fitch)

The August 2025 deal priced 38 basis points better than the June 2025 deal. The October 2025 deal was Oportun Financial Corporation's fourth ABS transaction of the year.

Community organizations for financial education outreach.

Oportun Financial Corporation is certified by the US Treasury Department as a Community Development Financial Institution (CDFI) since 2009.

The company's mission is to empower members with the confidence to build a better financial future through intelligent borrowing, saving and budgeting tools and capabilities.

• Oportun Financial Corporation has provided more than $20.3 billion in responsible and affordable credit since inception.
• Members have saved more than $2.4 billion in interest and fees since inception.
• Members have helped set aside an average of more than $1,800 annually.
• For 2025, Oportun reports members saved $6.5 million through Holiday Savings Surge, up 30% from 2024.

Finance: review Q3 2025 warehouse line capacity utilization by end of Q4 2025.

Oportun Financial Corporation (OPRT) - Canvas Business Model: Key Activities

You're looking at the core engine of Oportun Financial Corporation, the things they absolutely must do well to keep the lights on and grow. This is where the rubber meets the road for their model.

Proprietary AI/ML-driven underwriting and risk modeling

The effectiveness of the underwriting shows up in the performance of the loans they book. The shift to secured products, which relies heavily on their risk models, is a key indicator of this activity's success.

• Secured personal loans losses run over 500 basis points lower compared to unsecured personal loans through the first three quarters of 2025.
• Secured personal loans are expected to generate approximately twice the revenue per loan compared to unsecured personal loans, based on higher average loan sizes.

Loan origination, servicing, and collections management

This is the volume and quality control of the lending business. We can track origination growth and the resulting credit quality metrics.

Here's a look at the origination activity across the first three quarters of 2025:

Period End Date	Aggregate Originations (Millions USD)	Year-over-Year Growth
March 31, 2025 (Q1)	$469	39%
June 30, 2025 (Q2)	$481	11%
September 30, 2025 (Q3)	Data not explicitly stated for Q3 total, but full year growth expected in the high-single-digit percentage range.	N/A

Credit performance is central to servicing and collections. The portfolio yield reflects pricing and repayment dynamics.

• Portfolio Yield for the third quarter ended September 30, 2025, was 33.0%.
• The Annualized Net Charge-Off Rate for the first quarter ended March 31, 2025, was 12.2%.
• The 30+ Day Delinquency Rate at the end of the first quarter of 2025 was 4.7%.
• The back book of loans was only 4% of the loan portfolio in Q1 2025, expected to further decrease to 1% by year-end 2025.
• Since inception, Oportun has provided more than $20.8 billion in credit.
• Since inception, Oportun has saved its members more than $2.5 billion in interest and fees.
• Members have helped set aside an average of more than $1,800 annually.

Digital platform maintenance and cybersecurity infrastructure

While direct spending on maintenance isn't itemized, cost discipline reflects efficiency in running the digital operations. The full-year 2025 GAAP operating expense outlook has been reduced.

• Full year 2025 GAAP operating expenses are now expected to be approximately $370 million, down from 2024's $410 million.
• Third quarter 2025 Adjusted Operating Expense was $85 million, a decrease of 12% year-over-year.

Capital markets activities, including ABS and warehouse financing

This activity is about securing the necessary funding to support loan originations. Oportun Financial Corporation has been very active in the Asset-Backed Securitization (ABS) market in 2025.

ABS Issuance Date	Issuance Amount (Millions USD)	Weighted Average Yield	Senior Note Rating	Tranche Count
January 2025 (Oportun 2025-1)	$159.144	N/A	Preliminary Ratings	Four classes
June 2025	$439	5.67%	AAA	Five classes
August 2025	$538	5.29%	AAA	Five classes
October 20, 2025	$441	5.77%	AAA	Five classes

The October 20, 2025 deal was the company's fourth ABS transaction of 2025. Warehouse financing capacity was also adjusted.

• As of September 30, 2025, undrawn capacity on personal loan warehouse lines was $788 million on $954 million total committed capacity.
• Following the third quarter, total committed warehouse capacity increased to $1.14 billion.
• Cost of Debt as of the end of the third quarter 2025 was 8.1%.
• Debt-to-Equity as of the end of the third quarter 2025 was 7.1x.

Compliance with Community Development Financial Institution (CDFI) standards

Oportun Financial Corporation has maintained its status as a CDFI since 2009. This status is tied to their mission-driven lending, which is reflected in their performance metrics relative to the broader CDFI space.

• Oportun Financial Corporation has been a CDFI since 2009.
• The firm's focus on responsible lending aligns with ESG goals, as 74% of CDFIs reported increased demand for ESG-aligned products in 2025.
• According to a 2025 Federal Reserve Survey, 95% of CDFIs plan to grow their customer base over the next five years.

Finance: draft Q4 2025 cash flow projection by next Tuesday.

Oportun Financial Corporation (OPRT) - Canvas Business Model: Key Resources

You're looking at the core assets Oportun Financial Corporation uses to execute its lending model, especially for those thin-file borrowers. These aren't just line items; they are the engine for their specific value proposition.

Proprietary AI/ML underwriting model for thin-file borrowers is a key intangible asset. Its effectiveness is demonstrated by the credit performance of the secured product line; for instance, secured personal loan losses ran over 500 basis points lower compared to unsecured personal loans through the first three quarters of 2025.

The centralized, scalable digital technology platform supports operations across multiple states. This platform underpins the origination volume, which reached $511.8 million in the three months ended September 30, 2025.

The company maintains significant funding capacity. As requested, the warehouse financing capacity stood at $954 million as of Q3 2025. To be fair, this capacity was expanded shortly after the quarter end in October 2025 to $1.14 billion.

The CDFI certification and mission-driven brand equity is central to their identity. Oportun Financial Corporation describes itself as a mission-driven financial services company.

The growth in the secured product is a tangible measure of this strategy. The secured personal loan receivables balance was $195 million as of June 30, 2025.

Here's a quick look at some of the core financial and operational metrics tied to these resources:

Key Metric	Amount/Value	Reporting Date/Period
Secured Personal Loan Receivables Balance	$195 million	June 30, 2025
Total Committed Warehouse Capacity	$954 million	As of Q3 2025 (September 30, 2025)
Secured Personal Loan Receivables Balance	$209 million	September 30, 2025
Total Loan Originations	$511.8 million	Three Months Ended September 30, 2025
Secured Loan Loss Differential vs. Unsecured	Over 500 basis points lower	Through First Three Quarters of 2025

The platform and model enable specific product focus, which you can see reflected in the asset base:

• Secured Personal Loan Average Loan Size: $6,373 (Q3 2025).
• Unsecured Personal Loan Average Loan Size: $3,058 (Q3 2025).
• Secured Personal Loan Receivables as Percentage of Owned Principal Balance: 8% (as of September 30, 2025).

Finance: draft 13-week cash view by Friday.

Oportun Financial Corporation (OPRT) - Canvas Business Model: Value Propositions

You're looking at the core reasons why members choose Oportun Financial Corporation over traditional or high-cost alternatives. It's about providing a pathway, not just a transaction. Honestly, the numbers they've put up in 2025 show they're making real progress on that mission.

Affordable, Responsible Credit Alternatives

Oportun Financial Corporation positions its personal loans as a responsible alternative to high-cost options. Since the company started, they've extended over $20.8 billion in affordable credit to their members. This is the foundation of their offering, designed to be a better choice than what many in their segment might otherwise access.

The company's underwriting engine, which analyzes more than just traditional credit scores, helps manage risk while expanding access. For instance, in the first quarter of 2025, their Aggregate Originations hit $469 million, marking a 39% year-over-year jump. Still, they managed to improve credit quality; the 30-plus day delinquency rate dropped to 4.4% in Q2 2025, which is 54 basis points better than the year prior.

Opportunity to Establish or Build Formal Credit History

A key value is helping members build a formal credit file. Oportun Financial Corporation reports payment performance to the nationwide credit bureaus, turning a loan into a credit-building opportunity. This focus on long-term financial health is a major differentiator for a population often overlooked by mainstream finance.

The company's operational efficiency gains support this long-term view. Full-year 2025 GAAP operating expenses are projected to be around $370 million, a reduction of $40 million from 2024's figure. This efficiency helps them sustain a model focused on member advancement, not just short-term lending.

Intelligent Borrowing, Saving, and Budgeting Tools

You get more than just a loan; you get tools designed to improve your overall financial confidence. The Set & Save product is a prime example of their intelligent savings capabilities. For the first nine months of 2025 (January through September), members using these tools saved an average of $1,051.

The company has seen strong engagement with its savings features. The 2025 Holiday Savings Report showed members saved over $6.5 million toward holiday goals by November 2025, a 30% increase compared to 2024. The Set & Save app itself is priced accessibly at $5/month following a 30-day free trial.

Here's a quick look at some of the 2025 performance metrics related to their financial empowerment tools:

Metric	Value/Period	Context/Note
Average Annual Savings (Helped)	More than $1,800	Since inception
Holiday Savings Total (YTD 2025)	Over $6.5 million	As of November 2025
Set & Save Monthly Fee (Post-Trial)	$5	Per month
Q2 2025 Annualized Net Charge-Off Rate	11.9%	Managed risk metric

Omni-channel Access for Convenient Application and Service

Oportun Financial Corporation supports its members through multiple touchpoints. You can apply and manage your finances through their all-in-one app, which is designed to put all your financial needs right at your fingertips. Plus, they maintain a physical presence, as evidenced by Google ratings being based on all Oportun store locations.

This dual approach-digital convenience and physical access-helps them serve a diverse customer base effectively. For example, in Q3 2025, the company achieved GAAP net income of $5.2 million, its fourth consecutive quarter of profitability, suggesting their service model is scaling efficiently.

Cumulative Savings of Over $2.5 Billion in Interest and Fees

This is a headline number that speaks directly to the value proposition of affordability. Since the company began operations, Oportun Financial Corporation has provided its members with cumulative savings exceeding $2.5 billion in interest and fees when compared to alternative products. This figure is calculated based on their ongoing nationwide study of personal loan borrowers.

To put this in perspective against their recent operational scale, consider the following:

• Total revenue for Q3 2025 was $238.7 million.
• Full-year 2025 Adjusted EPS guidance was raised to a range of $1.20 to $1.40 per share.
• The company posted a 20% Adjusted Return on Equity (ROE) in Q3 2025.

Finance: draft 13-week cash view by Friday.

Oportun Financial Corporation (OPRT) - Canvas Business Model: Customer Relationships

The relationship Oportun Financial Corporation builds with its members centers on serving individuals with limited or no traditional credit history, often in communities with a significant Latino population. This requires a distinct, personalized approach to service and recovery.

High-touch, empathetic servicing and collections approach.

Oportun Financial Corporation emphasizes a service model tailored to its target market, which includes individuals seeking to establish or improve their credit history. The company's focus on secured personal loans, which had losses approximately 500 basis points lower than unsecured personal loans through Q2 2025, suggests a positive outcome from its underwriting and servicing alignment. The 30+ Day Delinquency Rate stood at 4.7% at the end of Q1 2025, improving to 4.5% by the end of April 2025. Furthermore, dollar Net Charge-Offs declined by 5% year-over-year in Q1 2025, marking the sixth consecutive quarterly decrease. Customer contact is explicitly available in both English and Spanish. This approach aims to build confidence, as evidenced by the high Net Promoter Score (NPS) of 76 for personal loans reported in mid-2025.

Metric	Period/Date	Value
30+ Day Delinquency Rate	End of Q1 2025	4.7%
30+ Day Delinquency Rate	End of April 2025	4.5%
Secured Loan Loss Differential vs. Unsecured	Q2 2025	Over 500 basis points lower
Dollar Net Charge-Offs Decline	Q1 2025 (Y/Y)	5%

Self-service via mobile app with 24/7 account access.

Digital interaction is a core component of the member experience. The Oportun Mobile App and the Oportun.com website are cited as the primary channels for both onboarding and serving members as of December 31, 2024. The company earned recognition as the #1 savings app of 2025 by Bankrate. The app incorporates intelligent savings features, helping members set goals. For instance, a November 19, 2025 update noted a Holiday Savings Surge, reporting $6.5 Million Saved for 2025, which was up 30% from 2024.

Dedicated in-store and over-the-phone support.

While digital is primary, physical presence remains important for service delivery. As of late 2024, Oportun Financial Corporation offered personal loans over the phone or through its 128 retail locations and 491 Lending as a Service partner locations. Overall, the company serves customers online and over the phone in 29 states, maintaining over 330 physical retail locations across 9 of those states. This multi-channel support ensures accessibility for its diverse member base.

Digital payment management system for ease of repayment.

The Oportun app is positioned as an all-in-one tool that includes intelligent borrowing, savings, and budgeting capabilities, empowering members to manage their finances. The platform is designed to help members build a better financial future with confidence. The focus on intelligent tools supports the repayment process by promoting better financial health overall.

Financial education content and resources.

Empowering members financially is a stated mission. Since its inception, Oportun Financial Corporation has helped its members set aside an average of more than $1,800 annually. The company has also been instrumental in credit building, having helped over 1.2 million people establish a FICO score. The digital resources include content like a Glossary of financial terms and articles on saving strategies.

• Helped over 1.2 million people establish a FICO score.
• Members set aside an average of more than $1,800 annually (since inception).
• Reported $6.5 Million Saved for 2025 (as of November 2025 update).

Oportun Financial Corporation (OPRT) - Canvas Business Model: Channels

You're looking at how Oportun Financial Corporation gets its services-personal loans and credit cards (though the latter portfolio was sold in November 2024)-into the hands of its members. It's a blend of physical presence and digital reach, which is key for serving the thin-file/no-file segment.

The company's channels rely on a multi-pronged approach to reach its target market of low-to-moderate income individuals.

Direct-to-consumer via Oportun's mobile app and website

The digital channel is critical for engagement and new originations. Oportun empowers members with intelligent borrowing, saving, and budgeting tools, accessible via their digital platforms.

• Member savings based on the average saves of all paying app members in the prior 12 months.
• Members saved an average of $1,051 between January 2025 and September 2025.
• Members saved an average of $431 towards holiday goals in the third quarter of 2025.
• The company's investor relations web address is investor.oportun.com.

Retail network of 109 physical store locations

The physical footprint remains a core component, allowing for in-person interaction, which is important for this customer base. You can apply for secured or unsecured lending in these locations.

The number of physical locations has seen some variation in reporting, but recent data points to a specific count.

Channel Detail	Reported Count (Late 2025)
Physical Store Locations (Source A)	109
Physical Store Locations (Source B)	127

Lending as a Service (LaaS) partner locations

The Lending as a Service (LaaS) model allows Oportun Financial Corporation to scale its reach through partnerships, leveraging the infrastructure of other entities. The strategic alliance with Pathward is central to this, as Pathward originated approximately 92% of Oportun's loans in 2024.

The Pathward agreement is extended through 2029. Separately, an earlier LaaS expansion involved a partnership with Barri Financial Group, aiming for rollout to over 200 Barri stores in Texas.

Here's a look at the scale of the primary LaaS partner:

LaaS Partner Metric	Value
Pathward Loan Origination Share (2024)	92%
Pathward Partnership End Date	2029
Barri Stores Targeted (Initial Phase)	200+

Digital marketing and online customer acquisition

Acquiring customers digitally is measured by the Customer Acquisition Cost (CAC). The company has been focused on operational efficiency, which includes managing these costs.

The latest reported CAC figure for Q1 2025 shows a specific dollar amount, though prior period data offers a range.

• Customer Acquisition Cost in Q1 2025: $139.
• Reported Customer Acquisition Costs from Q3 2024 included figures of $103, $118, and $131.

The overall financial expectation for the year, which is supported by these channels, is a projected full-year 2025 total revenue between $945 million and $970 million. Aggregate Originations for the third quarter of 2025 hit $512 million.

Finance: draft 13-week cash view by Friday.

Oportun Financial Corporation (OPRT) - Canvas Business Model: Customer Segments

You're looking at the core of Oportun Financial Corporation's strategy: who they serve. Honestly, it's a very specific group that traditional finance often overlooks.

Oportun Financial Corporation targets low-to-moderate-income individuals in the U.S., a segment that aligns with its certification as a Community Development Financial Institution (CDFI) since 2009. This commitment to community impact shows up in the numbers; as of the latest reports, 83% of its U.S. members identify as belonging to an underrepresented group. This focus is defintely intentional.

The second key characteristic of the customer base is their credit profile. They are thin-file or no-file borrowers with limited credit history. Oportun Financial Corporation's mission is to provide access where mainstream options are scarce. To date, the company has helped 1.3 million people establish a credit history, reflecting their success in this area as of June 30, 2025.

The company serves these financially underserved communities by tailoring its approach, including offering services in both English and Spanish, which speaks directly to the Hispanic and immigrant populations that make up a significant part of this market. They are primarily customers seeking unsecured and secured personal installment loans. You should note the strategic shift: Oportun Financial Corporation completed the sale of its credit card receivables in November 2024 to concentrate on core lending. The focus is clearly on installment products, with secured personal loans showing strong growth.

Here's a quick look at the scale of the membership and the impact Oportun Financial Corporation is having on these segments as of late 2025:

Metric	Value	Date/Context
Total Members	2.0 million	As of Q3 2025
People Helped Establish Credit History	1.3 million	Since inception, as of June 30, 2025
Secured Personal Loan Receivables Balance	$209 million	As of September 30, 2025 (Q3 2025)
Secured Personal Loan YoY Growth	59%	In Q1 2025
Cumulative Interest and Fees Saved by Members	More than $2.5 billion	Since inception

You can see the product mix leaning heavily toward the secured side, which is a key part of their current customer offering:

• Customers seeking personal installment loans.
• Increasing focus on secured personal loans, which grew 59% year-over-year in Q1 2025.
• The company now offers secured personal loans in states including California, Texas, Florida, Arizona, New Jersey, Illinois, Nevada, and Utah.
• The company is a certified Community Development Financial Institution (CDFI).

Oportun Financial Corporation (OPRT) - Canvas Business Model: Cost Structure

You're looking at the core expenses that drive Oportun Financial Corporation's operations as of late 2025. Honestly, for a lender, the biggest line items are almost always credit losses and the cost of funding that loan book. Oportun has been aggressively managing these, especially after exiting some business lines.

Loan Loss Provisions

The cost of expected credit losses remains a primary driver in the Cost Structure. For the full-year 2025, the expectation for the Net Charge-Off Rate is cited around 11.5%. To give you a real-time check, the actual Annualized Net Charge-Off Rate for the third quarter ended September 30, 2025, was 11.9%. This is a key metric to watch, as even small shifts here directly impact profitability.

• Q3 2025 Annualized Net Charge-Off Rate: 11.9%.
• Expected Full-Year 2025 Net Charge-Off Rate: Around 11.5%.

Operating Expenses

Oportun Financial Corporation has been focused on expense discipline, especially following workforce reductions and business line exits. The latest projection for full-year 2025 GAAP operating expenses is approximately $370 million. That's a notable reduction from the $380 million projected in August 2025 and the $390 million expected back in May 2025. This reflects decisive action to streamline the cost base.

Here's how that compares to earlier in the year:

Reporting Period	Projected FY 2025 GAAP Operating Expenses
November 2025 Update	$370 million
August 2025 Update	$380 million
May 2025 Update	$390 million

Interest Expense on Debt

Funding the loan portfolio through warehouse facilities and Asset-Backed Security (ABS) notes is a major cost. You've got to look at the cost of funds and the structure of that debt. As of the end of the third quarter 2025, the overall Cost of Debt stood at 8.1%. Oportun Financial Corporation has been actively managing this, executing ABS financings with weighted average yields below 6% in August and October 2025, and proactively paying down higher-cost corporate debt.

The most recent ABS deal, the 2025-D Securitization in October 2025, had a weighted average yield of 5.77%. For the new warehouse facility added in October 2025, borrowings accrue interest at an interest rate no greater than Term SOFR plus a weighted average spread up to 2.58%. The total committed warehouse capacity increased to $1.14 billion.

Here's a snapshot of key funding metrics as of late 2025:

Metric	Value/Rate	Date/Context
Overall Cost of Debt	8.1%	As of September 30, 2025
Weighted Average ABS Yield (2025-D)	5.77%	October 2025 Securitization
New Warehouse Spread (Max)	2.58% over Term SOFR	PLW IV Facility
Total Committed Warehouse Capacity	$1.14 billion	As of October 2025

Technology and Data Analytics Costs

Technology and facilities expense is the largest segment of Oportun Financial Corporation's operating expenses, covering the A.I.-enabled multi-channel platform. While specific 2025 figures for just technology aren't broken out in the latest guidance, we can see the scale from the prior year. For the full year ended December 31, 2024, Technology and facilities expense was $166,177 thousand, which was a 24.3% reduction from 2023's $219,406 thousand. The company anticipates operating expenses to decrease in 2025, partly offset by investments in loan originations and portfolio growth, but the overall trend shows cost optimization in this area.

Labor Expense

Labor, or personnel expense, has seen significant pruning as Oportun Financial Corporation refocused on its core lending business. The company has cut its personnel expenses nearly in half over the last two years through workforce reductions. To be defintely clear, exiting four business lines resulted in cutting about $200 million in annual expenses, a large portion of which is directly attributable to the reduction in underwriting, servicing, and other staff. This cost reduction was a key driver in lowering the overall operating expense outlook for 2025.

Finance: draft 13-week cash view by Friday.

Oportun Financial Corporation (OPRT) - Canvas Business Model: Revenue Streams

The revenue streams for Oportun Financial Corporation are fundamentally tied to the interest generated by its loan portfolio and the fees associated with originating those loans. You see this structure clearly when looking at the latest reported figures.

For the full-year 2025, Oportun Financial Corporation has projected total revenue to be between \$945 million and \$970 million. This projection was updated following the third quarter results, showing management's view on the full-year performance trajectory.

To give you a snapshot of the most recent quarterly performance that feeds into that annual number, here are the figures from the third quarter ended September 30, 2025:

Revenue Component	Q3 2025 Amount (in millions)	Context/Detail
Total Revenue	\$238.7 million	Reflecting a decrease from \$249.9 million in Q3 2024.
Net Revenue	\$105.1 million	Improved significantly from \$62.6 million in Q3 2024, due to factors like reduced fair value marks.
Total Originations	\$511.8 million	This is the principal amount of new loans issued in Q3 2025, a 6.6% increase year-over-year.

Breaking down the loan product revenue, the core is interest income from unsecured personal installment loans and interest income from secured personal installment loans. While the specific interest income split isn't itemized in the latest releases, we know the secured product carries more weight per loan. Secured personal loans are expected to generate approximately twice the revenue per loan compared to unsecured personal loans, largely because of their higher average loan sizes.

The origination and other fees on loan products contribute to the overall revenue mix. We can see the difference in the average loan size driving revenue potential:

• Average loan size for unsecured personal loans (Q3 2025): \$3,058.
• Average loan size for secured personal loans (Q3 2025): \$6,373.

Finally, Oportun Financial Corporation generates non-interest income from other financial services. This includes revenue from products like the Set & Save savings product. Since its start, this program has helped members set aside over \$12.2 billion.