The company maintains a vulnerable capital structure characterized by a 6.87x debt-to-equity ratio and a material $69.4 million goodwill balance relative to $396.3 million in total equity.
Oportun Financial Corporation (OPRT) balance sheet — 10-year assets, liabilities & shareholders' equity history
| Metric | TTM | Dec'25 | Dec'24 | Dec'23 | Dec'22 | Dec'21 | Dec'20 | Dec'19 | Dec'18 | Dec'17 | Dec'16 |
|---|
| Cash & Short Term Investments | 559.61M | 105.5M | 59.97M | 91.19M | 98.82M | 130.96M | 136.19M | 72.18M | 70.47M | 48.35M | 35.58M |
| Cash & Due from Banks | 139.6M | 105.5M | 59.97M | 91.19M | 98.82M | 130.96M | 136.19M | 72.18M | 70.47M | 48.35M | 35.58M |
| Short Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Investments | 2.74B | 2.87B | 2.79B | 2.97B | 3.18B | 2.39B | 1.7B | 1.93B | 27.65M | 2.4M | 896K |
| Investments Growth % | 0.42% | 2.88% | -6.04% | -6.44% | 33.04% | 40.62% | -11.87% | 6867.63% | 1052% | 167.86% | - |
| Long-Term Investments | 11.15B | 2.87B | 2.79B | 2.97B | 3.18B | 2.39B | 1.7B | 1.93B | 27.65M | 2.4M | 896K |
| Accounts Receivables | 0 | 0 | 0 | 0 | 0 | 20.92M | 15.43M | 17.18M | 13.18M | 8.72M | 0 |
| Goodwill & Intangibles | 66.9M | 71.7M | 86.59M | 114.73M | 139.8M | 235.19M | 27.48M | 18.34M | 5.49M | 5.66M | 0 |
| Goodwill | 0 | 0 | 0 | 0 | 0 | 104.01M | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 66.9M | 71.7M | 86.59M | 114.73M | 139.8M | 131.18M | 27.48M | 18.34M | 5.49M | 5.66M | 0 |
| PP&E (Net) | 11.2M | 9.4M | 12.75M | 28.1M | 40.97M | 48.32M | 62.67M | 73.34M | 23.2M | 17.16M | 15.82M |
| Other Assets | 102M | -2.87B | 173.05M | 133.55M | 120.85M | 81.33M | 43.19M | 63.96M | -28.69M | -31.54M | 17.59M |
| Total Current Assets | 212.4M | 105.5M | 79.98M | 115.73M | 134.11M | 190.56M | 176.31M | 118.26M | 114.02M | 64.61M | 74.96M |
| Total Non-Current Assets | 2.92B | 81.1M | 3.15B | 3.3B | 3.48B | 2.76B | 1.83B | 2.08B | 28.69M | 22.82M | 883.21M |
| Total Assets | 3.13B | 3.26B | 3.23B | 3.41B | 3.61B | 2.95B | 2.01B | 2.2B | 1.74B | 1.22B | 958.17M |
| Asset Growth % | -5.11% | 0.95% | -5.42% | -5.58% | 22.64% | 46.67% | -8.76% | 26.55% | 43.2% | 26.81% | - |
| Return on Assets (ROA) | 0.61% | 0.78% | -2.37% | -5.12% | -2.37% | 1.91% | -2.14% | 3.13% | 8.35% | -0.94% | 5.31% |
| Accounts Payable | 0 | 17.44M | 17.62M | 13.7M | 18.11M | 11.62M | 5.25M | 9.76M | 10.64M | 8.18M | 0 |
| Total Debt | 2.66B | 2.81B | 2.82B | 3.23B | 3.28B | 2.6B | 1.71B | 1.66B | 1.31B | 933.99M | 708.24M |
| Net Debt | 2.52B | 2.71B | 2.76B | 3.14B | 3.18B | 2.47B | 1.57B | 1.59B | 1.24B | 885.64M | 672.66M |
| Long-Term Debt | 2.65B | 2.8B | 2.8B | 2.91B | 2.93B | 2.16B | 1.41B | 1.55B | 1.22B | 779.66M | 708.24M |
| Short-Term Debt | 12M | 6.68M | 0 | 289.95M | 317.57M | 393.89M | 246.38M | 60.91M | 0 | 154.33M | 0 |
| Other Liabilities | 59.9M | 56.81M | 20.79M | -259.51M | -292.42M | -335.04M | -200.98M | 2.02M | -1.24B | -781.15M | 12.4M |
| Total Current Liabilities | 12M | 11.5M | 30.06M | 328.44M | 361.88M | 441.97M | 269.46M | 83.64M | 95.93M | 162.51M | 10.39M |
| Total Non-Current Liabilities | 2.72B | 2.86B | 2.84B | 2.68B | 2.7B | 1.9B | 1.27B | 1.63B | 1.24B | 781.15M | 724.22M |
| Total Liabilities | 2.72B | 2.87B | 2.87B | 3.01B | 3.07B | 2.34B | 1.54B | 1.71B | 1.39B | 998.31M | 734.61M |
| Total Equity | 407.1M | 390.1M | 353.81M | 404.4M | 547.6M | 603.88M | 466.63M | 488.77M | 346.55M | 216.73M | 223.56M |
| Equity Growth % | 43.97% | 10.26% | -12.51% | -26.15% | -9.32% | 29.41% | -4.53% | 41.04% | 59.9% | -3.06% | - |
| Equity / Assets (Capital Ratio) | 13.01% | 11.97% | 10.96% | 11.85% | 15.15% | 20.49% | 23.23% | 22.2% | 19.92% | 17.84% | 23.33% |
| Return on Equity (ROE) | 4.95% | 6.79% | -20.75% | -37.8% | -13.5% | 8.86% | -9.44% | 14.75% | 43.81% | -4.64% | 22.75% |
| Book Value per Share | 8.32 | 8.15 | 8.77 | 10.97 | 16.68 | 19.91 | 17.07 | 45.42 | 15.71 | 9.82 | 9.67 |
| Tangible BV per Share | 6.95 | 6.65 | 6.62 | 7.86 | 12.42 | 12.16 | 16.07 | 43.71 | 15.46 | 9.57 | 9.67 |
| Common Stock | 629.85M | 8K | 7K | 7K | 7K | 6K | 6K | 6K | 3K | 3K | 3K |
| Additional Paid-in Capital | 629.8M | 623.67M | 612.64M | 584.55M | 547.8M | 526.34M | 436.5M | 418.3M | 44.41M | 24.7M | 19.3M |
| Retained Earnings | -216.4M | -227.3M | -252.53M | -173.85M | 6.1M | 83.85M | 36.43M | 76.68M | 52.66M | -70.73M | -61.59M |
| Accumulated OCI | 0 | 0 | 0 | 0 | 0 | 0 | -261K | -162K | -132K | -142K | -23K |
| Treasury Stock | -6.3M | -6.31M | -6.31M | -6.31M | -6.31M | -6.31M | -6.31M | -6.12M | -8.43M | -5.22M | -248K |
| Preferred Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 257.9M | 267.99M | 266.12M |
Quick answers to the most common questions about buying OPRT stock.
As of 2025, Oportun Financial Corporation (OPRT) had total assets of $3.26B including $105.5M in current assets.
Oportun Financial Corporation (OPRT) carries total debt of $2.81B. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.
Oportun Financial Corporation (OPRT) has total shareholders' equity (book value) of $390.1M ($8.15 book value per share). Book value represents the net worth of the company belonging to common stock holders.
Oportun Financial Corporation (OPRT) reported a current ratio of 9.17x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.
Key Metrics
Top Statement Risk
High leverage credit sensitivity
Metrics are mathematically derived from official filings.
Balance Sheet Fragility Amidst Deleveraging
As reported in recent financial statements, OPRT's equity base has shown modest recovery to $396.3 million in 2026Q1, yet the persistent negative retained earnings of $224.9 million suggest that the company's long-term capital accumulation remains challenged by historical operating losses and ongoing credit cycle pressures.
The trajectory of the balance sheet appears to be in a state of stabilization rather than growth, as the company attempts to repair its equity position. Investors should monitor whether the current trend of narrowing losses in retained earnings can be sustained without further dilutive capital raises or asset impairments.
Elevated Leverage Limits Strategic Flexibility
Based on reported figures, OPRT maintains a debt-to-equity ratio of 6.87x as of 2026Q1, which, while slightly improved from the 7.98x observed in 2024Q4, continues to represent a significant reliance on external financing to support its subprime lending portfolio in a high-interest rate environment.
This high leverage profile suggests that the company's net interest margin is highly sensitive to fluctuations in funding costs. The reliance on debt to fund loan growth may limit the company's ability to absorb unexpected spikes in credit losses without jeopardizing its capital adequacy.
Liquidity Buffer Shows Recent Improvement
According to quarterly filings, OPRT's current ratio has expanded significantly to 47.29 in 2026Q1 from 0.35 in 2023Q4, indicating a substantial increase in short-term liquidity that may provide a necessary buffer against potential volatility in the company's loan portfolio and funding markets.
While the headline current ratio appears robust, it may be heavily influenced by the classification of loan assets and the timing of debt maturities. Analysts should investigate the composition of these current assets to determine if they are truly liquid or if they are tied to long-term servicing obligations.
Persistent Deficit Weighs on Equity
As indicated by the company's balance sheet data, OPRT continues to carry a negative retained earnings balance of $224.9 million, a figure that underscores the cumulative impact of past credit losses and operational inefficiencies on the firm's total shareholder equity over the last ten quarters.
The persistent deficit in retained earnings suggests that the company has yet to achieve a consistent, self-sustaining level of profitability. This reliance on external capital to maintain equity levels warrants further investigation into the long-term viability of the current business model.
Goodwill Impairment Risk Remains Prevalent
Data from recent SEC filings reveals that OPRT carries $69.4 million in goodwill, which, when viewed against the backdrop of a $396.3 million equity base, represents a material concentration of intangible assets that could be subject to impairment if the company's growth trajectory continues to decelerate.
The presence of significant goodwill suggests that past acquisitions, such as the Digit platform, are still being carried at values that may not reflect current market realities. Investors should consider the potential for non-cash write-downs that could further erode the company's already strained equity position.