HIGHOutside partyCounterparty
98%
Pathward loan originations
“10-K Item 1A: 'Pathward originated approximately 98% and 92% of aggregate personal loan originations, respectively'”
OPRT · Concentration risk · 10-K extracted
Oportun Financial (OPRT) concentration risks
Updated
The most significant concentration Oportun Financial discloses is Pathward loan originations at 98%, classified HIGH by disclosed size. Below: the full set from the latest 10-K — verbatim quotes, filing references, and a synthesis of what these exposures mean together.
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Source: Oportun Financial’s SEC Form 10-K filed — view the filing on SEC EDGAR ↗
At a glance
Disclosed-size breakdown · 4 disclosed concentrations
HIGH3
MEDIUM1
LOW0
Disclosed concentrations
Each card carries a disclosed-size chip (HIGH / MEDIUM / LOW — how large the exposure is as a share of revenue, not how dangerous it is) and a nature tag: Built-in(the company’s own model, geography, or products) or Outside party (an external customer, supplier, or distributor it relies on).
HIGHBuilt-inLoan_portfolio
90%
interest on member loans revenue
“10-K Item 1A: 'We earn over 90% of our revenue from interest payments on the loans we make to our members.'”
HIGHBuilt-inLoan_portfolio
consumer lending
“10-K Item 1A: 'Our business is currently heavily concentrated on consumer lending'”
MEDIUMBuilt-inProduct / Revenue mix
unsecured personal loans
“10-K Item 1: 'we originate unsecured personal loans in 2 states through state licenses and in 39 states through our partnership with Pathward. This product is currently the majority of our revenue and profitability'”
TrendMatrix Research · concentration synthesis
What these concentrations mean together
updated 2026-10-18Oportun's concentrations are structural at the business-model level, with one sharp counterparty dependency. The company earns over 90% of its revenue from interest payments on the loans it makes to its members, and its business is currently heavily concentrated on consumer lending; both are high-share exposures that describe what the company is rather than a risk it can diversify away. Unsecured personal loans are currently the majority of revenue and profitability, a medium-share structural exposure sitting inside that lending base. The idiosyncratic risk is the bank partnership. Pathward originated approximately 98% and 92% of aggregate personal loan originations in the two periods disclosed, a high-share dependency that has risen. Origination in a large number of states runs through that partnership rather than through the company's own state licenses, so a change in the relationship would reach a core product directly. Netting these out, the revenue and product concentration are accepted structural features of a consumer lender, while the Pathward dependency is the item most likely to move the verdict.
For the engine’s reasoning on OPRT’s current verdict — including which dimensions drove the score — see the per-dimension breakdown.
Industry peers · Credit Services
Peer concentration profile
| Symbol | Name | HIGH | MEDIUM | LOW | Total |
|---|---|---|---|---|---|
| OPRT● | Oportun Financial Corporation | 3 | 1 | 0 | 4 |
| AGM | Federal Agricultural Mortgage C | 3 | 0 | 0 | 3 |
| AGM-A | Federal Agricultural Mortgage C | 3 | 0 | 0 | 3 |
| AFRM | Affirm Holdings, Inc. | 2 | 1 | 0 | 3 |
| ATLC | Atlanticus Holdings Corporation | 1 | 1 | 0 | 2 |
| ALLY | Ally Financial Inc. | 0 | 1 | 0 | 1 |
Concentration counts reflect items disclosed in each peer’s most recent 10-K; disclosed-size classification uses TrendMatrix’s internal 10-K extraction taxonomy.