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Pay vs Performance Disclosure - USD ($)
 12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Pay vs Performance Disclosure      
Pay vs Performance Disclosure, Table
Pay Versus Performance
Our executives’ pay is variable and linked to our business and financial performance. The factors considered by the compensation and leadership committee to determine the compensation of the NEOs and other officers is described in the section “
Executive Compensation
—
Roles of the Compensation and Leadership Committee, Management and the Compensation Consultant—Role of the Compensation and Leadership Committee
” of this proxy statement. Between 2022 and 2024, we experienced a decline in our Net Income and Total Stockholder Return, reflecting continued macroeconomic challenges and pressure on our stock price. While 2023 and 2024 were similar from a stock price perspective, 2024 marked a
strong
year in terms of business and financial performance.
In accordance with the requirements of Item 402(v) of Regulation
S-K,
the following table provides information regarding the “compensation actually paid” to our principal executive officer (“PEO”) and our other NEOs
(“non-PEO
NEOs”) and certain financial performance results of the Company.
 
                             
 Year
         
Summary
Compensation
Table Total
for PEO
(1)
       
Compensation
Actually Paid
to PEO
(2)
       
Average
Summary
Compensation
Table Total
for
non-PEO
NEOs
(3)
       
Average
Compensation
Actually Paid
to
non-PEO
NEOs
(4)
       
Value of Initial Fixed $100
Investment Based on
Company Total
Stockholder Return
(5)
       
Net Income
(millions)
(6)
       
Adjusted EBITDA
(millions)
(7)
 2024
  
 
 
 
   $1,894,102  
 
   $1,784,957  
 
   $788,450  
 
   $928,331  
 
   $19.16  
 
   $(78.7)  
 
   $104.5
 2023
  
 
 
 
   $1,694,535  
 
   $1,591,853  
 
   $865,003  
 
   $723,769  
 
   $19.31  
 
   $(180.0)  
 
   $ 18.6
 2022
  
 
 
 
   $4,765,924  
 
   $(2,800,770)  
 
   $1,998,769  
 
   $(902,860)  
 
   $27.21  
 
   $(77.7)  
 
   $ 16.6
 
(1)
Represents amounts reported in the “total” column of the Summary Compensation Table (“SCT”) for Raul Vazquez (our Chief Executive Officer). Mr. Vazquez was our PEO for each of the years shown.
(2)
Represents dollar amount for Mr. Vazquez derived from the starting point of the compensation reported in the “Total” column of the SCT, under the methodology prescribed under the SEC’s rules, as shown in the table below. The following table presents a reconciliation of total compensation paid to our PEO for each year shown as reported in the SCT, further above, to the compensation actually paid to our PEO, which was computed in accordance with Item 402(v) of Regulation
S-K,
as reported in the Pay Versus Performance table to which this footnote relates.
 
       
 
Fiscal Year
 
   
2022
 
   
2023
 
   
2024
 
SCT Total for PEO
    $4,765,924    $1,694,535    $1,894,102
- Grant Date Fair Value of Option Awards and Stock Awards Granted in Fiscal Year
    $(3,525,743)    $(746,007)    $(682,444)
+ Fair Value at Fiscal
Year-End
of Outstanding and Unvested Option Awards and Stock Awards Granted in Fiscal Year
    $1,330,204    $1,076,900    $917,559
+ Change in Fair Value of Outstanding and Unvested Option Awards and Stock Awards Granted in Prior Fiscal Years
    $(3,390,451)    $(415,995)    $(176,820)
+ Fair Value at Vesting of Option Awards and Stock Awards Granted in Fiscal Year That Vested During Fiscal Year
    $0    $0    $0
+ Change in Fair Value as of Vesting Date of Option Awards and Stock Awards Granted in Prior Fiscal Years that Vested During Fiscal Year
    $(1,980,704)    $(17,580)    $(167,440)
- Fair Value as of Prior Fiscal
Year-End
of Option Awards and Stock Awards Granted in Prior Fiscal Years That Failed to Meet Applicable Vesting Conditions During Fiscal Year
    $0    $0    $0
Compensation Actually Paid
    $(2,800,770)    $1,591,853    $1,784,957
 
(3)
Represents the averages of the amounts reported in the “total” column of the SCT for our
non-PEO
NEOs. Our
non-PEO
NEOs for 2022 were Jonathan Coblentz and Patrick Kirscht. Our
non-PEO
NEOs for 2023 and 2024 were Kathleen Layton and Patrick Kirscht.
 
(4)
Represents dollar amounts on an averaged basis for our
non-PEO
NEOs derived from the starting point of the compensation reported in the “Total” column of the SCT, under the methodology prescribed under the SEC’s rules, as shown in the table below. The following table presents a reconciliation of the average total compensation paid to our
non-PEO
NEOs for each year shown as reported in the SCT, further above, to the average compensation actually paid to our
non-PEO
NEOs, which was computed in accordance with Item 402(v) of Regulation
S-K,
as reported in the Pay Versus Performance table to which this footnote relates.
 
       
Fiscal Year
  
2022
  
2023
  
2024
SCT Total for
non-PEO
NEOs		   $1,998,769   $865,003   $788,450
- Grant Date Fair Value of Option Awards and Stock Awards Granted in Fiscal Year   $(1,309,572)   $(290,124)   $(123,376)
+ Fair Value at Fiscal
Year-End
of Outstanding and Unvested Option Awards and Stock Awards Granted in Fiscal Year		   $494,079   $257,775   $334,339
+ Change in Fair Value of Outstanding and Unvested Option Awards and Stock Awards Granted in Prior Fiscal Years   $(1,318,650)   $(103,626)   $(25,551)
+ Fair Value at Vesting of Option Awards and Stock Awards Granted in Fiscal Year That Vested During Fiscal Year   $0   $0   $0
+ Change in Fair Value as of Vesting Date of Option Awards and Stock Awards Granted in Prior Fiscal Years that Vested During Fiscal Year   $(767,487)   $(5,258)   $(45,532)
- Fair Value as of Prior Fiscal
Year-End
of Option Awards and Stock Awards Granted in Prior Fiscal Years That Failed to Meet Applicable Vesting Conditions During Fiscal Year		   $0   $0   $0
Compensation Actually Paid   $(902,860)   $723,769   $928,331
 
(5)
Represents value of initial $100 investment in Oportun stock on December 31, 2021, the last trading day prior to the earliest fiscal year shown in the table.
(6)
Represents the Company’s net income reflected in the Company’s audited financial statements.
(7)
The company-selected measure is Adjusted EBITDA, which is a
non-GAAP
financial measure. Refer to Appendix A for a description of how this measure is calculated and a reconciliation to the most directly comparable measure calculated under GAAP.
   
Company Selected Measure Name Adjusted EBITDA    
Named Executive Officers, Footnote
(3)
Represents the averages of the amounts reported in the “total” column of the SCT for our
non-PEO
NEOs. Our
non-PEO
NEOs for 2022 were Jonathan Coblentz and Patrick Kirscht. Our
non-PEO
NEOs for 2023 and 2024 were Kathleen Layton and Patrick Kirscht.
   
PEO Total Compensation Amount $ 1,894,102 $ 1,694,535 $ 4,765,924
PEO Actually Paid Compensation Amount $ 1,784,957 1,591,853 (2,800,770)
Adjustment To PEO Compensation, Footnote
(2)
Represents dollar amount for Mr. Vazquez derived from the starting point of the compensation reported in the “Total” column of the SCT, under the methodology prescribed under the SEC’s rules, as shown in the table below. The following table presents a reconciliation of total compensation paid to our PEO for each year shown as reported in the SCT, further above, to the compensation actually paid to our PEO, which was computed in accordance with Item 402(v) of Regulation
S-K,
as reported in the Pay Versus Performance table to which this footnote relates.
 
       
 
Fiscal Year
 
   
2022
 
   
2023
 
   
2024
 
SCT Total for PEO
    $4,765,924    $1,694,535    $1,894,102
- Grant Date Fair Value of Option Awards and Stock Awards Granted in Fiscal Year
    $(3,525,743)    $(746,007)    $(682,444)
+ Fair Value at Fiscal
Year-End
of Outstanding and Unvested Option Awards and Stock Awards Granted in Fiscal Year
    $1,330,204    $1,076,900    $917,559
+ Change in Fair Value of Outstanding and Unvested Option Awards and Stock Awards Granted in Prior Fiscal Years
    $(3,390,451)    $(415,995)    $(176,820)
+ Fair Value at Vesting of Option Awards and Stock Awards Granted in Fiscal Year That Vested During Fiscal Year
    $0    $0    $0
+ Change in Fair Value as of Vesting Date of Option Awards and Stock Awards Granted in Prior Fiscal Years that Vested During Fiscal Year
    $(1,980,704)    $(17,580)    $(167,440)
- Fair Value as of Prior Fiscal
Year-End
of Option Awards and Stock Awards Granted in Prior Fiscal Years That Failed to Meet Applicable Vesting Conditions During Fiscal Year
    $0    $0    $0
Compensation Actually Paid
    $(2,800,770)    $1,591,853    $1,784,957
    
Non-PEO NEO Average Total Compensation Amount $ 788,450 865,003 1,998,769
Non-PEO NEO Average Compensation Actually Paid Amount $ 928,331 723,769 (902,860)
Adjustment to Non-PEO NEO Compensation Footnote
(4)
Represents dollar amounts on an averaged basis for our
non-PEO
NEOs derived from the starting point of the compensation reported in the “Total” column of the SCT, under the methodology prescribed under the SEC’s rules, as shown in the table below. The following table presents a reconciliation of the average total compensation paid to our
non-PEO
NEOs for each year shown as reported in the SCT, further above, to the average compensation actually paid to our
non-PEO
NEOs, which was computed in accordance with Item 402(v) of Regulation
S-K,
as reported in the Pay Versus Performance table to which this footnote relates.
 
       
Fiscal Year
  
2022
  
2023
  
2024
SCT Total for
non-PEO
NEOs		   $1,998,769   $865,003   $788,450
- Grant Date Fair Value of Option Awards and Stock Awards Granted in Fiscal Year   $(1,309,572)   $(290,124)   $(123,376)
+ Fair Value at Fiscal
Year-End
of Outstanding and Unvested Option Awards and Stock Awards Granted in Fiscal Year		   $494,079   $257,775   $334,339
+ Change in Fair Value of Outstanding and Unvested Option Awards and Stock Awards Granted in Prior Fiscal Years   $(1,318,650)   $(103,626)   $(25,551)
+ Fair Value at Vesting of Option Awards and Stock Awards Granted in Fiscal Year That Vested During Fiscal Year   $0   $0   $0
+ Change in Fair Value as of Vesting Date of Option Awards and Stock Awards Granted in Prior Fiscal Years that Vested During Fiscal Year   $(767,487)   $(5,258)   $(45,532)
- Fair Value as of Prior Fiscal
Year-End
of Option Awards and Stock Awards Granted in Prior Fiscal Years That Failed to Meet Applicable Vesting Conditions During Fiscal Year		   $0   $0   $0
Compensation Actually Paid   $(902,860)   $723,769   $928,331
    
Compensation Actually Paid vs. Total Shareholder Return
Relationship Between PEO’s and
Non-PEO
NEOs’ Compensation Actually Paid and Total Shareholder Return (“TSR”)
The following graph sets forth the relationship between compensation actually paid (or “CAP”) to our PEO and the average of compensation actually paid to our
non-PEO
NEOs versus the Company’s cumulative TSR for the fiscal years shown.
 
 
LOGO
   
Compensation Actually Paid vs. Net Income
Relationship Between PEO’s and
Non-PEO
NEOs’ Compensation Actually Paid and Net Income (Loss)
The following graph sets forth the relationship between compensation actually paid to our PEO and the average of compensation actually paid to our
non-PEO
NEOs versus our net income (loss) for the fiscal years shown.
 
 
LOGO
   
Compensation Actually Paid vs. Company Selected Measure
Relationship Between PEO’s and
Non-PEO
NEOs’ Compensation Actually Paid and Adjusted EBITDA
The following graph sets forth the relationship between compensation actually paid to our PEO and the average of compensation actually
paid
to our
non-PEO
NEOs versus Adjusted EBITDA for the fiscal years shown.
 
 
LOGO
   
Total Shareholder Return Amount $ 19.16 19.31 27.21
Net Income (Loss) $ (78,700,000) $ (180,000,000) $ (77,700,000)
Company Selected Measure Amount 104,500,000 18,600,000 16,600,000
PEO Name Mr. Vazquez    
Measure:: 1      
Pay vs Performance Disclosure      
Name Adjusted EBITDA    
Non-GAAP Measure Description
(7)
The company-selected measure is Adjusted EBITDA, which is a
non-GAAP
financial measure. Refer to Appendix A for a description of how this measure is calculated and a reconciliation to the most directly comparable measure calculated under GAAP.
   
PEO | Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount $ (682,444) $ (746,007) $ (3,525,743)
PEO | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount 917,559 1,076,900 1,330,204
PEO | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount (176,820) (415,995) (3,390,451)
PEO | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount (167,440) (17,580) (1,980,704)
Non-PEO NEO | Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount (123,376) (290,124) (1,309,572)
Non-PEO NEO | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount 334,339 257,775 494,079
Non-PEO NEO | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount (25,551) (103,626) (1,318,650)
Non-PEO NEO | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount $ (45,532) $ (5,258) $ (767,487)