At the Sidoti June Small-Cap Conference, OPRT highlighted a disciplined approach to originations growth, improving economics, and strong earnings power, evidenced by six consecutive quarters of GAAP profitability. The company continues to target a long-term GAAP ROE of 20%-28%. More recently, Mr. Sean Rowles was appointed Chief Risk Officer (effective June 17, 2026), joining new CEO Mr. Doug Bland (as of April 2026). Mr. Rowles brings broad risk management experience, including some with PayPal. The company is well positioned for its next growth phase under this new management, in our view. Despite macroeconomic uncertainty, management said that OPRT's borrower base is holding up well. OPRT continues to expect improving credit performance in 2026 and a lower 30-day delinquency rate in 2Q:26. We maintain our 2026 estimates that imply gradually improving credit performance and continued debt repayment driving 13% year over year growth in adjusted (to exclude non-recurring charges and stock-based compensation expense) EPS to $1.54 (guidance is $1.50-$1.65) and 7% growth in adjusted EBITDA to $159 million ($150- $165 million). Our 2026 EPS estimate, which excludes fair value changes and includes stock-based compensation, is $1.13. A key near-term strategic priority is the return to risk-based pricing and potentially removing the 36% APR cap for short-term loans and specific credit profiles. We think the initiative could drive net interest margin expansion, weighted toward 2027. Balance sheet improvement remains a key growth driver. The company ended 1Q:26 with leverage of 6.8x (7.6x at 1Q:25), while interest expense declined 16%. We maintain our $10 price target, based on an approximate 7x multiple applied to our 2027 adjusted EPS estimate of $1.54. Our moderate risk rating reflects the economic sensitivity of OPRT's borrowing cohort and its credit products.