By Chris Wack

Oportun Financial said Chief Executive Raul Vazquez will step down from his roles as CEO and a member of its board.

The financial services company said Vazquez will continue in his current roles until the earlier of April 3, or the appointment of his successor.

Vazquez will serve as an adviser to the company until July 3.

The company said its board has begun a search for a new CEO, assisted by an executive search firm.

The company also raised its guidance for 2025 revenue, and tightened its adjusted earnings expectations.

For fiscal 2025, the company is now expecting revenue of $955 million to $957 million, compared with its previous guidance of $950 million to $955 million. Analysts polled by FactSet are expecting revenue of $949.3 million.

Oportun anticipates adjusted earnings of $1.32 to $1.36 a share, compared with the $1.30 to $1.40 a share it previously forecast. Analysts are expecting adjusted earnings of $1.36 a share.

For the fourth quarter, the company is expecting revenue of $246 million to $248 million, compared with its previous guidance of $241 million to $246 million. Analysts are looking for quarterly revenue of $241.4 million.

Oportun is also looking for adjusted earnings of 23 cents to 27 cents a share, compared with the 28 cents a share analysts are forecasting.

Write to Chris Wack at chris.wack@wsj.com

(END) Dow Jones Newswires

January 21, 2026 16:47 ET (21:47 GMT)

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