Oportun Financial : Earnings Infographic

14%

Member

Growth YoY

1Q 2023

PERFORMANCE

BUSINESS & FINANCIAL HIGHLIGHTS

27%	21%	48.5%	70bps	$77M
Avg. Daily Principal	Revenue	Adj. Operating	Decline in	Operating
Balance Growth YoY	Growth YoY	Efficiency(1)	NCOs QoQ	Cash Flow

EXCEEDED 1Q'23 GUIDANCE	2Q'23 & FY'23 GUIDANCE
	GUIDANCE	ACTUAL		2Q'23	FY'23
Revenue	$245-250M	$260M ü	Revenue	$250-	$975-
255M	1,000M
Annualized	12.5%	12.1% ü	Annualized	12.8%	11.6%
Net Charge-	Net Charge-
+/-15bps	+/-15bps	+/-40bps
Off Rate		Off Rate
Adj. EBITDA(1)	$(49)-(44)M	$(24)M ü	Adj. EBITDA(1)	$2-7M	$70-75M

CONTINUED EXPENSE RATIONALIZATION

ADJUSTED OPERATING
EFFICIENCY & EXPENSES	(1)
	(1,338)bps		ü
61.8%			ü
	52.4%
	48.5%
			ü
1Q22	4Q22	1Q23
$133M	$137M	$126M	ü

COST SAVING MEASURES

Operating expenses declined QoQ from 4Q'22

Post-IPO record adjusted operating efficiency

Actions taken in February to deliver $48- 53M in annualized run rate expense savings

New measures taken in May to deliver an additional $78-83M in annualized run rate expense savings

IMPROVING CREDIT POST-JULY CREDIT TIGHTENING

ANNUALIZED NET	QUARTER-END BACK BOOK
CHARGE-OFF RATE (%)	PORTFOLIO OUTSTANDING ($B)(2)

	12.8%	12.1%
8.6%
1Q22	4Q22	1Q23

• 1Q'23 annualized NCOs declined by 70bps sequentially

Pre-July 2022 Credit Tightening

$1.6	$1.2
		$0.7
1Q23 A	2Q23 E	4Q23 E

• Post-Julyloans performing better or near 2019 pre-pandemic vintages

1. See1Q23 Earnings Presentationfor a reconciliation of non-GAAP financial measures to the most comparable measure, calculated in accordance with GAAP.
2. We refer to the originations made prior to our significant credit-tightening in July 2022 as the back book. Excludes credit cards.