Slide 1: 2Q 2026 Investor Presentation
2Q 2026 Investor Presentation September 2026
Slide 2: Forward-Looking Statements
FORWARD-LOOKING STATEMENTS This presentation and the accompanying oral presentation contain forward-looking statements. All statements other than statements of historical fact contained in this presentation and the accompanying oral presentation, including statements as to future performance, result
Slide 3: Company Overview
INVESTOR PRESENTATION Company Overview Our business, products, members and operating model
Slide 4: A scaled platform for responsible credit and savings
COMPANY OVERVIEW A scaled platform for responsible credit and savings Oportun helps hardworking members borrow, save and build financial resilience Select FY25 Financial Data A financial platform empowering its hardworking members Total Revenue $957M Responsible credit and savings products address a
Slide 5: Borrowing, savings and budgeting for hardworking individuals
COMPANY MISSION Borrowing, savings and budgeting for hardworking individuals Unsecured Secured Mission Empowering members to build a better future Personal Loans Personal Loans Savings Comprehensive Unique Servicing Strong Customer Proprietary Award Winning Physical and Digital and Collections Value
Slide 6: Addressing the biggest challenges facing U.S. consumers
FINANCIAL HEALTH IN THE U.S. Addressing the biggest challenges facing U.S. consumers of U.S. households struggle with 69% spending, saving, borrowing and planning(2) 53% 77% would struggle to come up with $1,000 in an emergency(3) 51% had bank-related account fees in the past year(4) of Americans do
Slide 7: Responsibly structured credit products
CREDIT PRODUCTS Responsibly structured credit products Member Solution Unsecured Personal Loans Secured Personal Loans Simple-to-understand, affordable, Personal installment loan product Use Case unsecured, fully-amortizing installment secured by an automobile, allowing loans with fixed payments mem
Slide 8: Oportun delivers meaningfully lower borrowing costs
CUSTOMER VALUE PROPOSITION Oportun delivers meaningfully lower borrowing costs Cost of borrowing between $500-$1,500* Positive social impact $2,393 1.3M $516 Credit histories $292 established(6) Payday Loans Competitor Installment Loans The Oportun cost 5x competitor products 8x online-only payday a
Slide 9: Proprietary credit model drives underwriting momentum
UNDERWRITING Proprietary credit model drives underwriting momentum 100% centralized and automated underwriting Billions of data points AI/ML models continuously learn from credit, fraud and transaction signals 1,000+ end nodes 3 independent frameworks Precision in approval, decline and loan Very fin
Slide 10: Credit products available in most states
GEOGRAPHIC FOOTPRINT Credit products available in most states 22 Payment channels Virtual and Onsite supported contact centers 125 Physical Store locations in the US 41 states where loans are available 8 states where Oportun has physical stores Oportun’s Headquarters in San Mateo, CA Physical store
Slide 11: Multi-channel loan originations...
ORIGINATIONS AND SERVICING Multi-channel loan originations... 54% of applicants used more than one channel; 79% used mobile / digital during their application Loan origination channels • 2Q26* Retail + partners Contact centers Mobile / digital 24% 125 retail + 459 partner locations 50% 500+ team mem
Slide 12: ...and multi-channel loan servicing
ORIGINATIONS AND SERVICING ...and multi-channel loan servicing 91% of payments were received via debit or ACH, complemented by more than 100K partner payment locations Payment channels • 2Q26* How members pay More than 100K partner payment locations 2% 7% ~62,000 14% ~30,000 77% ACH Debit In-Store P
Slide 13: Award winning savings app
AUTOMATED SAVINGS Award winning savings app Problem #1 Savings App of 2025 53% according to Bankrate 9 Best Money-Saving of U.S. consumers would struggle to come up with $1,000 in the event of an emergency(3) Apps of 2025 Solution Excellent Personal Finance Apps A.I.-driven saving according to Forbe
Slide 14: Strategic Priorities
INVESTOR PRESENTATION Strategic Priorities The initiatives guiding execution and long-term value creation
Slide 15: First days confirmed a differentiated franchise and a path to disciplined growth
CEO TRANSITION First 100 days confirmed a differentiated franchise and a path to disciplined growth 01 02 03 WHAT WE FOUND WHAT WE STARTED WHAT COMES NEXT ▪ 20 years of proprietary data and a ▪ Launched payment protection and ▪ Optimize risk and reward with data difficult-to-replicate relationship r
Slide 16: Member stability supports a disciplined credit stance
MEMBER STABILITY Member stability supports a disciplined credit stance 96% INCOME VERIFIED 100% of members, ~$58K median gross income of loans disbursed to U.S. bank accounts EMPLOYMENT STABILITY 5.6 years on average with the same employer 660 average Vantage score at origination* ~97% of ending pri
Slide 17: A more disciplined approach to new member growth
NEW MEMBER UNDERWRITING A more disciplined approach to new member growth Oportun now adding new lower-risk members at a more sustainable pace without affiliate lead generation sourcing; risk-based pricing reintroduced in 3Q26 New member loan volume ($M)1 Retail / Contact Center Online - Affiliate Le
Slide 18: Credit improved sequentially, with 30+ delinquency at its lowest level since 4Q21
CREDIT PERFORMANCE Credit improved sequentially, with 30+ delinquency at its lowest level since 4Q21 NCO RATE* 30+ DAY DELINQUENCY RATE* 12bps (65)bps (45)bps (45)bps 12.7% 12.0% 4.4% 4.5% 11.9% 11.0% +/-15bps 4.0% 2Q25 1Q26 2Q26 3Q26 Guidance+ 2Q25 1Q26 2Q26 * See Appendix for definition of Annuali
Slide 19: Financial Overview
Financial Overview Performance, profitability and capital priorities INVESTOR PRESENTATION
Slide 20: Oportun exceeded the high end of each Q2 guidance metric
PERFORMANCE VS. GUIDANCE Oportun exceeded the high end of each Q2 guidance metric METRIC 2Q 2026 GUIDANCE 2Q 2026 ACTUAL TOTAL REVENUE $227 - $232M $233M Above high end NCO RATE (%) 12.2% +/- 15 bps 12.0% Better than range ADJUSTED EBITDA* $34 - $39M $49M Above high end 20 * See Appendix for Key Def
Slide 21: Execution is translating into stronger profitability, credit, and financial flexibility
EARNINGS OVERVIEW Execution is translating into stronger profitability, credit, and financial flexibility PROFITABILITY OPERATING DISCIPLINE FINANCIAL FLEXIBILITY $8.5M 12.0% 6.5x Q2 GAAP net income NCO Rate Debt to Equity ▪ Seventh consecutive quarter of ▪ Originations returned to growth ▪ Leverage
Slide 22: Strong profitability growth defined Q2
FINANCIAL HIGHLIGHTS Strong profitability growth defined Q2 FINANCIAL HIGHLIGHTS GAAP AND ADJUSTED NET INCOME* ($M) $233M $8.5M $21M 24% 40% Total Revenue GAAP Net Adjusted Net Income Income $21 $49M 12.0% $0.42 $10 $8.5 $15 Adjusted NCO Rate* Adjusted EPS* $6.9 $2.3 EBITDA* 2Q25 1Q26 2Q26 GAAP Adju
Slide 23: Q2 originations growth supported by lower-risk segments
LOAN ORIGINATIONS Q2 originations growth supported by lower-risk segments AGGREGATE ORIGINATIONS ($M) AGGREGATE ORIGINATIONS 1% $488M +1% Y/Y $481 $488 Returned to growth after two $417 quarters of decline 2Q25 1Q26 2Q26 LOWER-RISK SEGMENTS UNSECURED RETURNING MEMBER AND SECURED PERSONAL LOANS ORIGI
Slide 24: Adjusted ROE reached the target range as funding, expense, and leverage improved
CORPORATE PROFITABILITY Adjusted ROE reached the target range as funding, expense, and leverage improved GAAP ROA ADJUSTED ROA7 GAAP ROE ADJUSTED ROE8 2Q26 YEAR-OVER-YEAR DRIVERS Target range 3-4% Target range 20-28% -228 bps COST OF DEBT 21% 8.6% → 6.3% 16% -55 bps 2.6% ADJUSTED OPEX RATIO 1.8% 8.5
Slide 25: Over the last year, Oportun increased unrestricted cash while reducing corporate debt
CAPITAL AND LIQUIDITY Over the last year, Oportun increased unrestricted cash by $43M while reducing corporate debt by $88M UNRESTRICTED CASH EOP ($M) CORPORATE DEBT EOP ($M) $43 $(88) $140 $223 $97 $135 2Q25 2Q26 2Q25 2Q26 DEBT TO EQUITY (LEVERAGE) COST OF DEBT (0.8)x (228)bps 7.3x 6.5x 8.6% 6.3% 2
Slide 26: FY 2026 Adjusted EBITDA and Adjusted EPS midpoint guidance reflects growth
GUIDANCE FY 2026 Adjusted EBITDA and Adjusted EPS midpoint guidance reflects 13% and 16% growth Y/Y, respectively METRIC 3Q 2026E FY 2026E TOTAL REVENUE $235 - $240M $935 - $955M NCO RATE (%) 11.0% +/- 15 bps 11.7% +/- 30 bps ADJUSTED EBITDA* $43 - $48M $160 - $175M ADJUSTED NET INCOME* $74 - $82M A
Slide 27: Management Team
INVESTOR PRESENTATION Management Team Leadership biographies and areas of responsibility
Slide 28: Expertise Across Products and Industries
MANAGEMENT TEAM Expertise Across Products and Industries Doug Bland Bill Franklin Sean Rowles Kathleen Layton Chief Executive Officer and Chief Financial Officer Chief Risk Officer Chief Legal Officer Board Member 20+ years in Financial Services 30+ years in Global Financial 15+ years in Corporate a
Slide 29: Appendix
INVESTOR PRESENTATION Appendix Supporting detail, definitions and reconciliations
Slide 30: Key definitions
APPENDIX Key definitions • 30+ Day Delinquency Rate is the unpaid principal balance for our owned loans that are 30 or more calendar days contractually past due as of the end of the period divided by Owned Principal Balance as of such date • Adjusted EBITDA is a non-GAAP financial measure calculated
Slide 31: Key definitions (cont'd)
APPENDIX Key definitions (cont’d) • Customer Acquisition Cost (or "CAC") is calculated as sales and marketing expenses, which include the costs associated with various paid marketing channels, including direct mail, digital marketing and brand marketing and the costs associated with our telesales an
Slide 32: Key financial & operating metrics
APPENDIX Key financial & operating metrics Quarter Ended Six Months Ended June 30 Change Change 2Q26 1Q26 4Q25 3Q25 2Q25 Y/Y 2026 2025 Y/Y Aggregate Originations (Millions) $487.7 $416.9 $494.9 $511.8 $480.8 1.5% $904.7 $950.2 (4.8)% Portfolio Yield (%) 33.3% 32.1% 33.3% 33.0% 32.8% 45bps 32.7% 32.9
Slide 33: Condensed consolidated income statement
APPENDIX Condensed consolidated income statement Quarter Ended Six Months Ended June 30 Change Change ($ Millions, except per share data. Shares in Millions) 2Q26 1Q26 4Q25 3Q25 2Q25 Y/Y 2026 2025 Y/Y Interest income $219.3 $215.7 $232.4 $222.3 $218.3 0.5% $434.9 $438.5 (0.8)% Non-interest income 14
Slide 34: Condensed consolidated balance sheet
APPENDIX Condensed consolidated balance sheet Quarter Ended Change ($ Millions) 2Q26 1Q26 4Q25 3Q25 2Q25 Y/Y Cash and cash equivalents $139.6 $130.4 $105.5 $104.6 $96.8 44.2% Restricted cash 72.8 79.5 93.4 119.3 131.4 (44.6)% Total cash $212.4 $209.9 $198.9 $224.0 $228.2 (6.9)% Loans receivable at f
Slide 35: Adjusted EBITDA reconciliation
APPENDIX Adjusted EBITDA reconciliation Quarter Ended Six Months Ended June 30, Change Change ($ Millions) 2Q26 1Q26 4Q25 3Q25 2Q25 Y/Y 2026 2025 Y/Y Net income (loss) $8.5 $2.3 $3.4 $5.2 $6.9 24.1% $10.9 $16.6 (34.6)% Adjustments: Income tax expense (benefit) 7.1 1.2 3.2 9.0 3.2 119.3% 8.3 6.6 25.3
Slide 36: FY25 Adjusted EBITDA reconciliation
APPENDIX FY25 Adjusted EBITDA reconciliation Year Ended December 31, ($ Millions) 2025 Net income (loss) $25.2 Adjustments: Income tax expense (benefit) 18.8 Interest on corporate financing 35.7 Depreciation and amortization 41.5 Stock-based compensation expense 10.7 Other non-recurring charges(1) 1
Slide 37: Adjusted net income reconciliation
APPENDIX Adjusted net income reconciliation Quarter Ended Six Months Ended June 30, Change Change ($ Millions) 2Q26 1Q26 4Q25 3Q25 2Q25 Y/Y 2026 2025 Y/Y Net income (loss) $8.5 $2.3 $3.4 $5.2 $6.9 24.1% $10.9 $16.6 (34.6)% Adjustments: Income tax expense (benefit) 7.1 1.2 3.2 9.0 3.2 119.3% 8.3 6.6
Slide 38: FY25 Adjusted net income reconciliation
APPENDIX FY25 Adjusted net income reconciliation Year Ended December 31, ($ Millions) 2025 Net income (loss) $25.2 Adjustments: Income tax expense (benefit) 18.8 Stock-based compensation expense 10.7 Other non-recurring charges(1) 16.6 Net decrease in fair value of credit cards receivable — Mark-to-
Slide 39: Adjusted operating expense and adjusted operating expense ratio reconciliation
APPENDIX Adjusted operating expense and adjusted operating expense ratio reconciliation Quarter Ended Six Months Ended June 30, Change Change ($ Millions) 2Q26 1Q26 4Q25 3Q25 2Q25 Y/Y 2026 2025 Y/Y OpEx Ratio (%) 13.7% 13.6% 12.0% 13.5% 14.2% (54)bps 13.6% 14.0% (0.4)% Total operating expense $90.0
Slide 40: Risk adjusted net interest margin reconciliation
APPENDIX Risk adjusted net interest margin reconciliation Quarter Ended Six Months Ended June 30, Change Change ($ Millions) 2Q26 1Q26 4Q25 3Q25 2Q25 Y/Y 2026 2025 Y/Y Total Revenue 233.2 228.8 247.7 238.7 234.3 (0.5)% 462.0 470.3 (1.8)% Less: Interest Expense 41.9 48.0 57.9 56.6 59.5 (29.6)% 89.9 1
Slide 41: Basic and diluted earnings per share reconciliation
APPENDIX Basic and diluted earnings per share reconciliation Quarter Ended Six Months Ended June 30 Change Change ($ Millions, except per share data. Shares in Millions) 2Q26 1Q26 4Q25 3Q25 2Q25 Y/Y 2026 2025 Y/Y Net income (loss) $8.5 $2.3 $3.4 $5.2 $6.9 24.1% $10.9 $16.6 (34.6)% Net income (loss)
Slide 42: Adjusted earnings per share reconciliation
APPENDIX Adjusted earnings per share reconciliation Quarter Ended Six Months Ended June 30 Change Change ($ Millions, except per share data. Shares in Millions) 2Q26 1Q26 4Q25 3Q25 2Q25 Y/Y 2026 2025 Y/Y Diluted earnings (loss) per share $0.17 $0.05 $0.07 $0.11 $0.14 21.4% $0.22 $0.35 (37.1)% Adjust
Slide 43: FY25 Adjusted earnings per share reconciliation
APPENDIX FY25 Adjusted earnings per share reconciliation Year Ended December 31 ($ Millions, except per share data. Shares in Millions) 2025 Diluted earnings (loss) per share $0.53 Adjusted Net Income $65.1 Basic weighted-average common shares outstanding 46.4 Weighted average effect of dilutive sec
Slide 44: Net change in fair value
APPENDIX Quarter Ended Change $ Millions 2Q26 1Q26 2Q25 1Q25 Q/Q Y/Y Net change Loan Portfolio Drivers Discount rate 6.3% 6.2% 7.0% 7.7% 0.1% (0.7)% in fair value Remaining cumulative charge-offs as a % of principal balance Average life in years 12.2% 1.04 12.3% 1.06 12.0% 1.08 11.8% 1.10 (0.1)% -0.
Slide 45: Net lifetime loan loss rates by vintage
APPENDIX Net lifetime loan loss rates by vintage CUMULATIVE NET PRINCIPAL CHARGE-OFFS YEAR OF ORIGINATION 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 Dollar Weighted Average Original Term for Vintage (Months) 24.2 26.3 29.0 30.0 32.0 33.3 37.8 39.2 35.6 33.7 Net Lifetime Loan Losses as % of Or
Slide 46: Forward-looking adjusted EBITDA reconciliation
APPENDIX Forward-looking adjusted EBITDA reconciliation 3Q 2026 FY 2026 ($ Millions) Low High Low High Net income $20.0 * $23.7 * $54.8 $62.9 Adjustments: Income tax expense (benefit) 6.8 8.1 18.6 21.4 Interest on corporate financing 5.7 5.7 23.5 23.5 Depreciation and amortization 8.7 8.7 35.1 35.1
Slide 47: Forward-looking adjusted net income and adjusted earnings per share reconciliation
APPENDIX Forward-looking adjusted net income and adjusted earnings per share reconciliation FY 2026 ($ Millions, except per share data. Shares in Millions) Low High Net Income $54.8 $62.9 Adjustments: Income tax expense (benefit) 18.6 21.4 Stock-based compensation expense 12.2 12.2 Other non-recurri
Slide 48: Endnotes
APPENDIX Endnotes 1. Bankrate’s Financial Freedom survey, June 2025 2. Financial Health Network (FHN): “Financial Health Pulse™ 2025 U.S. Trends Report” 3. Bankrate’s 2026 Annual Emergency Savings Report, February 2026 4. Financial Health Network: “The FinHealth Spend Report 2023” 5. Yahoo Finance/M
Slide 49: Investor Contact
Investor Contact Dorian Hare 650-590-4323 ir@oportun.com