Oportun FinancialOPRT

01Interest expense decreased by $27.0 million, or 23.1%, from $116.9 million for the six months ended June 30, 2025 to $89.9 million for the six months ended June 30, 2026 The decrease was driven by a 172 basis point decrease in our Cost of Debt cost of debt has decreased primarily due to improvements from revised cash flow estimates in our Asset-backed borrowings at amortized cost, reduction of higher-cost and issuance of lower-cost Asset-backed borrowings at amortized cost, fewer draws on our Secured financing, and continued paydowns of the Corporate financing Since 2015, we have participated in 28 sponsored or co-sponsored amortizing and revolving bond offerings in the asset-backed securities market, all of which include tranches that have been rated investment grade On February 9, 2026, we issued $485.0 million of Series 2026-A asset-backed notes...priced with a weighted average yield of 5.32% per annum

02High repeat-borrower concentration indicates that once members are underwritten successfully, the cost of acquiring incremental volume is far lower than new-customer acquisition, creating a closed-loop data moat that improves credit selection over time. Competitors without two-decade vintage data on this borrower segment cannot replicate the behavioral insight embedded in the model.

03We have been certified as a Community Development Financial Institution by the U.S. Department of the Treasury since 2009 Our personal loan is a simple-to-understand, affordable, unsecured, fully amortizing installment loan with fixed payments...Our loans do not have prepayment penalties or balloon payments We originated unsecured personal loans in 41 states, primarily through our partnership with Pathward, N.A.

04Aggregate Originations decreased to $904.7 million for the six months ended June 30, 2026 from $950.2 million for the six months ended June 30, 2025...The decrease is primarily driven by lower originations from new customers as a result of credit tightening in response to macro-economic and geopolitical factors In response to this increase, in the second half of 2022 and continuing throughout 2023 and 2024, we tightened our credit underwriting standards and focused lending towards returning members to improve credit outcomes 2023 vintage. We implemented additional tightening measures and further shortened average term length, which contributed to stronger performance of the 2023 vintages relative to the 2022 vintages over comparable periods