3Q 2026 Earnings Presentation

3Q 2026 Earnings Presentation

November 3, 2026

EARNINGS OVERVIEW

3%

Q3 revenue growth

First Y/Y revenue growth since 4Q23

Originations increased 12% Y/Y

Returning member and secured originations increased 25% Y/Y

21.6%

Q3 GAAP ROE

Highest since 1Q22 and second highest as a public company

GAAP EPS more than quadrupled Y/Y

Adjusted EPS increased 31% Y/Y

10.6%

Annualized NCO rate

Lowest Annualized NCO rate since 3Q22

Dollar net charge-offs declined 10% Y/Y

Interest expense declined 27% Y/Y

LEADERSHIP ADDITIONS

Bill Franklin

Chief Financial Officer

Bernardo Martinez

Chief Retail and Sales Officer

Garrett Hope

Chief Product Officer

See Appendix for Key Definitions and non-GAAP reconciliation to the most comparable GAAP measure. 3

MARKET OPPORTUNITY AND DIFFERENTIATED CAPABILITIES

A large addressable market and differentiated capabilities

ADDRESSABLE MARKET

Total addressable market¹

1

DIFFERENTIATED CAPABILITIES

Latino

77M1

Non-Latino

BILINGUAL BY DESIGN

Products and services offered in English and Spanish, across all channels

20 YEARS OF DATA SCIENCE INNOVATION

Proprietary data advantage, pioneers in alternative data and machine learning usage towards underserved communities

OMNI-CHANNEL PRESENCE

123 retail locations, ~460 LaaS locations and 1,000+ agents, mobile app with 4.7/5.0 Apple Store Rating

CAPITAL MARKETS ACCESS

55 unique ABS investors and 5 warehouse facilities

1.1M

Active Members

U.S. adult population²

Oportun Forward strategic opportunity:

Better product fit Stronger conversion

Better economics

Greater capacity for responsible growth

4

¹ TAM (total addressable market) starts with the total U.S. adult population and excludes individuals who do not meet our risk approval criteria or do not have a need for our products. Our estimate of 119M U.S. addressable consumers is based on internal analyses and assumptions that may prove incorrect. The estimate is forward-looking, inherently uncertain, and does not account for competitive, regulatory, or technological developments that may limit the market we can serve. Actual market size and our ability to capture any portion of it may differ materially from our estimates. TAM is not a forecast of our revenue, growth, or market share. Latino/non-Latino TAM breakout reflects internal estimates based on Spanish-surname. Classification is not based on self-reported ethnicity and may misclassify individuals in either group.

² U.S. Census data as of 2025.

STRATEGY

Forward

Our mission: Empowering members to build a better future

THREE STRATEGIC PRIORITIES

Designed to accelerate our mission and enhance shareholder value over time

5

PERFORMANCE VS. GUIDANCE

1 See Appendix for Key Definitions and non-GAAP reconciliation to the most comparable GAAP measure. 6

FINANCIAL HIGHLIGHTS

¹ See Appendix for Key Definitions and non-GAAP reconciliation to the most comparable GAAP measure. 7

CREDIT PERFORMANCE

NCO RATE1 30+ DAY DELINQUENCY RATE1

(121) bps

(139) bps

10.6%

4.1%

4.7%

((6611))bbppss

3Q25 2Q26 3Q26

3Q25 2Q26 3Q26

1 See Appendix for definition of Annualized Net Charge-Off Rate and 30+ Day Delinquency Rate; numbers may not foot or cross-foot due to rounding. 8

ORIGINATIONS GROWTH

AGGREGATE ORIGINATIONS ($M)

$572

12%

3Q25 2Q26 3Q26

UNSECURED RETURNING MEMBER AND SECURED PERSONAL LOANS ORIGINATIONS ($M)

25%

$411

$470

3Q25 2Q26 3Q26

Note: Numbers may not foot or cross-foot due to rounding. 9

CAPITAL AND LIQUIDITY

UNRESTRICTED CASH EOP ($M)

$77

CORPORATE DEBT EOP ($M)

$(68)

$181

$135

3Q25 3Q26

DEBT TO EQUITY (LEVERAGE)

COST OF DEBT

3Q25 3Q26

(193)bps

(0.9)x

6.2x

3Q25 3Q26

See Appendix for Key Definitions. Numbers may not foot or cross-foot due to rounding.

6.1%

3Q25 3Q26

10

CORPORATE PROFITABILITY

3Q26 YEAR-OVER-YEAR DRIVERS

+136 bps

PORTFOLIO YIELD 33.0% → 34.4%

-193 bps

COST OF DEBT 8.1% → 6.1%

-121 bps

NCO RATE 11.8% → 10.6%

GAAP ROA

Target range 3-4%

ADJUSTED ROA1,2

GAAP ROE ADJUSTED ROE2

Target range 20-28%

IN RANGE

IN RANGE

IN RANGE

3Q25 3Q26 3Q25 3Q26 3Q25 3Q26 3Q25 3Q26

1 Corporate level ROA based on assumed tax rate of 27.0%.

2 Long-term targets are GAAP metrics. For comparison purposes, quarterly metrics are presented on an adjusted basis to exclude non-recurring items. 11

See Appendix for Key Definitions and non-GAAP reconciliation to the most comparable GAAP measure.

GUIDANCE

1 See Appendix for Key Definitions and the forward looking adjusted EBITDA, Adjusted Net Income and Adjusted EPS reconciliation slides for a reconciliation to the most comparable GAAP measure; numbers may not

foot or cross-foot due to rounding. 12

2 Assumes 50.2M fully diluted shares.

Definitions, operating detail, financial statements, and non-GAAP reconciliations

APPENDIX

• 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

• Active Members is the number of unique individuals who, at the end of a reporting period, have either an outstanding loan owned or serviced by us, excluding charged-off loans, or a qualifying active Savings relationship. Loans include those originated by us or under a bank partnership program that we service.

• Adjusted EBITDA is a non-GAAP financial measure calculated as net income, adjusted to eliminate the effect of the following items: income tax expense (benefit), stock-based compensation expense, depreciation and amortization, interest expense from corporate financing, certain non-recurring charges, and fair value mark-to-market adjustment

• Adjusted EBITDA Margin is calculated as Adjusted EBITDA divided by total revenue

• Adjusted Earnings Per Share (EPS) is a non-GAAP financial measure calculated by dividing Adjusted Net Income by diluted adjusted weighted-average common shares outstanding

• Adjusted Net Income is a non-GAAP financial measure calculated by adjusting our net income for the impact of our election of the fair value option, and further adjusted to exclude income tax expense (benefit), stock-based compensation expense, fair value mark-to-market adjustment on asset-backed notes, and certain non-recurring charges

• Adjusted Operating Expense is a non-GAAP financial measure calculated by adjusting total operating expenses to exclude stock-based compensation expense and certain non-recurring charges

• Adjusted OpEx Ratio is a non-GAAP financial measure calculated as Adjusted Operating Expense divided by Average Daily Principal Balance

• Adjusted Return on Equity ("Adjusted ROE") is a non-GAAP financial measure calculated by dividing annualized Adjusted Net Income by average total stockholders' equity; prior to January 1, 2020, Adjusted ROE was calculated by dividing annualized Adjusted Net Income by average total stockholders' equity

• Adjusted Return on Assets ("Adjusted ROA") is annualized Adjusted Net Income as a percentage of average total assets during the period

• Aggregate Originations is the aggregate amount disbursed to borrowers during a specified period, including amounts originated by us through our Lending as a Service partners or under our bank partnership programs. Aggregate Originations exclude any fees in connection with the origination of a loan

• Annualized Net Charge-Off Rate ("NCO Rate") is calculated as annualized loan principal losses (net of recoveries) divided by the Average Daily Principal Balance of owned loans for the period

• Average Daily Debt Balance is the average of outstanding debt principal balance at the end of each calendar day during the period

• Average Daily Principal Balance ("ADPB") is the average of outstanding principal balance of owned loans at the end of each calendar day during the period

• Corporate Debt is a senior secured term loan secured by the assets and certain of its subsidiaries guaranteeing the term loan, including pledges of the equity interests of certain subsidiaries that are directly or indirectly owned by the Company

• Cost of Debt is calculated as annualized interest expense divided by Average Daily Debt Balance

  14

  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 and retail operations divided by number of loans originated to new and returning borrowers during a period

• Debt to Equity (or "Leverage") is calculated as total debt outstanding divided by total stockholder's equity outstanding

• Loans Receivable at Fair Value are all loans receivable held for investment. Loans Receivable at Fair Value include loans receivable on our unsecured and secured personal loan products.

• Managed Principal Balance at End of Period is the total amount of outstanding principal balance for all loans, including loans sold, which we continue to service, at the end of the period. Managed Principal Balance at End of Period also includes loans and accounts originated under a bank partnership program that we service

• Net Interest Margin is calculated by subtracting interest expense from total revenue

• Net Interest Margin Ratio is calculated as annualized Net Interest Margin divided by Average Daily Principal Balance

• Net Charge-Offs ("NCO") is loan principal losses (net of recoveries)

• OpEx is total operating expense

• OpEx Ratio is calculated as annualized Operating Expense divided by Average Daily Principal Balance

• Owned Principal Balance EOP is the total amount of outstanding principal balance for all loans, including finance receivables pledged as part of a secured borrowing and excluding loans and receivables sold or retained by a bank partner, at the end of the period

• Portfolio Yield is annualized interest income as a percentage of Average Daily Principal Balance

• Return on Assets ("ROA") is annualized net income as a percentage of average total assets during the period

• Return on Equity ("ROE") is calculated as annualized net income divided by average stockholders' equity for a period

• Risk Adjusted Net Interest Margin is a non-GAAP financial measure calculated by adjusting our Net Interest Margin to exclude the impact of fair value mark-to-market adjustment on Loans Receivable at Fair Value, Charge-offs, net of recoveries on Loans Receivable at Fair Value, debt restructuring costs, and certain non-recurring charges

• Risk Adjusted Net Interest Margin Ratio is a non-GAAP financial measure calculated as annualized Risk Adjusted Net Interest Margin divided by Average Daily Principal Balance

15

APPENDIX

U.S. BANK ACCOUNTS

of loans disbursed to U.S. bank accounts2

EMPLOYMENT STABILITY 5.7 years on average with the same employer

RESIDENTIAL STABILITY 6.5 years on average at the same residence

Figures reflect member attributes for loans originated during 3Q26.

1 Active loans as of 9/30/26. 16

2 Oportun does not disburse loans to non-U.S. bank accounts.

APPENDIX

TOTAL REVENUE ($M)

$246

3.2%

3Q25 2Q26 3Q26

NET REVENUE ($M)

20%

$127

3Q25 2Q26 3Q26

17

APPENDIX

ADJUSTED EBITDA ($M)1

37%

$56

$49

$41

27%

$134

$106

3Q25 2Q26 3Q26 YTD 2025 YTD 2026

17.3%

20.8%

Adjusted EBITDA Margin (%)1

22.9%

14.9%

19.0%

Adjusted EBITDA Margin (%)1

1 See Appendix for Key Definitions and non-GAAP reconciliation to the most comparable GAAP measure; numbers may not foot or cross-foot due to rounding.

18

APPENDIX

NET INCOME ($M)

341%

$23

$5.2

$8.5

55%

$34

$22

3Q25 2Q26 3Q26 YTD 2025 YTD 2026

5.4%

8.5%

ROE (%)

21.6%

7.9%

11.0%

ROE (%)

Note: Numbers may not foot or cross-foot due to rounding. 19

APPENDIX

9%

ADJUSTED NET INCOME ($M)1

38%

$26

$19

$21

$52

$57

3Q25 2Q26 3Q26 YTD 2025 YTD 2026

19.6%

20.5%

Adjusted ROE (%)1

24.4%

18.9%

18.4%

Adjusted ROE (%)1

1 See Appendix for Key Definitions and non-GAAP reconciliation to the most comparable GAAP measure; numbers may not foot or cross-foot due to rounding. 20