Oportun CEO Raul Vazquez to step down, company beats guidance

Oportun Financial Corporation (NASDAQ: OPRT) announced that Chief Executive Officer Raul Vazquez will step down from his roles as CEO and board member no later than April 3, 2026. Vazquez will continue in his current position until the earlier of that date or the appointment of his successor, and will serve as an advisor until July 3, 2026.

The board has initiated a CEO search process with a nationally recognized executive search firm. Louis P. Miramontes, Lead Independent Director, stated that under Vazquez's leadership, Oportun completed its initial public offering and grew revenue from approximately $30 million in 2012 to over $950 million currently.

The company also provided preliminary fourth quarter and full year 2025 financial results that exceeded guidance. For the fourth quarter, Oportun expects total revenue of $246-$248 million compared to guidance of $241-$246 million. The annualized net charge-off rate is projected at 12.3%, below the guidance range of 12.45% plus or minus 15 basis points.

Full year 2025 total revenue is expected to reach $955-$957 million, surpassing guidance of $950-$955 million. The company projects adjusted EBITDA of $146-$148 million for the full year, compared to guidance of $137-$143 million. Adjusted earnings per share is estimated at $1.32-$1.36, within the guidance range of $1.30-$1.40.

Net income for 2025 is projected at $23-$25 million, meeting the company's goal of GAAP profitability. The preliminary results are unaudited and subject to revision during the financial closing process.

Oportun expects to release its complete fourth quarter and full year 2025 financial results in mid-February 2026.

You May Also Be Interested In

• Genco Shipping urges shareholders to reject Diana's $24.80 takeover bid
• OUTFRONT Media prices $500 million senior notes at 6% due 2034
• Are we witnessing a fundamental or speculative rally in the S&P 500?