OppFi (OPFI) Company Report

OppFi achieved record quarters, revenues, growth, and net income, including record originations, revenue, adjusted net income, and ending receivables in Q3.
The company successfully paid off $50 million in corporate term debt and upsized one warehouse facility to $250 million while refinancing another $150 million facility with substantially improved pricing (SOFR + 6%).
OppFi holds a 35% interest in Biddy, a revenue-based financing company for small businesses, which was acquired for $18 million and has since doubled its originations, with call options for full ownership by 2030.
The company is developing a new end-to-end digital platform, Lola, expected to launch in Q1 2026, aiming to improve customer experience and internal efficiencies.
Capital allocation priorities include active M&A in spaces like small business and earned wage access, as well as stock repurchases and special dividends.

Nov 19, 2025, 7:00 PM

Transcript

OppFi Reports Record Q3 Performance and Outlines Strategic Growth Initiatives

OPFI

Guidance Update

M&A

New Projects/Investments

OppFi achieved record originations, revenue, adjusted net income, and ending receivables in Q3, leading to multiple guidance increases. The company anticipates maintaining strong profitability and growing its portfolio later in 2026, despite expected Q1 shrinkage due to tax refunds, by keeping yields steady and reducing overhead after the new Lola platform launch.
The company holds a 35% interest in Biddy, a small business financing company, acquired for over $18 million and having already returned over $4 million in distributions. OppFi is actively pursuing M&A opportunities in the small business, earned wage access, and point-of-sale financing sectors, and also utilizes special dividends and stock repurchases for capital allocation.
OppFi has strengthened its funding, paying off $50 million in corporate term debt and securing two warehouse facilities, including a $150 million facility refinanced at SOFR plus 6% (a 150 basis point improvement). The new Lola platform, set to launch in Q1 2026, is expected to enhance customer experience and drive significant internal efficiencies, particularly in product deployment and underwriting.

Nov 19, 2025, 7:00 PM

Transcript

OppFi Reports Record Performance and Strategic Growth Initiatives

OPFI

Revenue Acceleration/Inflection

M&A

Product Launch

OppFi has achieved record quarters, revenues, growth, and net income, with Q3 2025 specifically noting record originations, revenue, Adjusted Net Income, and ending receivables.
The company is launching a new in-house platform, LOLA, in Q1 2026 to enhance customer experience and internal efficiencies, particularly for new product deployment.
OppFi made a strategic investment of $18 million for a 35% interest in Bitty, a small business lender, which has since doubled its originations and returned over $4 million in distributions. The company has call options to acquire full ownership by 2030.
The company has strengthened its balance sheet by paying off $50 million in corporate term debt and securing $400 million across two warehouse facilities with improved pricing and four-year terms.
Capital allocation priorities include Special Dividends, active M&A in the small business and Early Wage Access (EWA) sectors, and ongoing Stock Repurchases.

Nov 19, 2025, 7:00 PM

Transcript

OppFi Reports Record Q3 2025 Results and Raises Full-Year Guidance

OPFI

Earnings

Guidance Update

Share Buyback

OppFi achieved record quarterly Total Revenue of $155.1 million in Q3 2025, marking a 13.5% year-over-year increase, and a record Net income of $75.9 million, up $43.9 million year-over-year, with a 49.0% net income margin.
Adjusted Net Income for Q3 2025 reached a record $40.7 million, an increase of $11.9 million year-over-year, with an adjusted net income margin of 26.3%. Adjusted earnings per share for the quarter was $0.46.
The company raised its full-year 2025 guidance, with Total Revenue now projected between $590 million and $605 million, Adjusted Net Income between $137 million and $142 million, and Adjusted EPS between $1.54 and $1.60.
Key operational highlights for Q3 2025 include record Total Net Originations of $246.1 million and record Ending Receivables of $481.0 million.
OppFi generated $66 million in Free Cash Flow through the first nine months of 2025 and executed $7.4 million in share repurchases during Q3 2025 at an average price of $10.33.

Oct 29, 2025, 1:00 PM

Presentation

OppFi Reports Record Q3 2025 Results and Raises Full-Year Guidance

OPFI

Earnings

Guidance Update

Share Buyback

OppFi achieved a record third quarter 2025, with revenue of $155 million, marking a 14% increase over Q3 2024, and adjusted net income of $41 million, representing 41% year-over-year growth.
The company raised its full-year 2025 guidance for the third time, now expecting total revenues between $590 million and $605 million, adjusted net income between $137 million and $142 million, and adjusted earnings per share (EPS) between $1.54 and $1.60.
Key operational developments include the renewal of its credit agreement with Castlelake, the planned rollout of the Model 6.1 refit in Q4 2025 and Q1 2026 to enhance risk pricing and volume, and the migration to the LOLA origination system in Q1 2026 to improve efficiency.
OppFi repurchased 710,000 shares of Class A common stock for $7.4 million during Q3 2025, and an additional 317,000 shares for $3.2 million since the quarter's end.

Oct 29, 2025, 1:00 PM

Transcript

OPFI Announces Record Q3 2025 Results and Raises Full-Year Guidance

OPFI

Earnings

Guidance Update

Share Buyback

OppFi reported record Q3 2025 revenues of $155 million, a 14% increase year-over-year, and adjusted net income of $41 million, up 41% year-over-year, resulting in adjusted EPS of $0.46.
The company raised its full-year 2025 guidance for the third time, now projecting total revenues between $590 million and $605 million, adjusted net income between $137 million and $142 million, and adjusted EPS between $1.54 and $1.60.
OppFi enhanced its financial position by renewing a credit agreement, signing a new $150 million credit facility with lower interest rates, and repurchasing 710,000 shares for $7.4 million in Q3 2025.
Operationally, OppFi is rolling out its Model 6.1 for enhanced risk pricing and migrating to its new LOLA origination system in Q1 2026, expecting continued double-digit revenue and adjusted net income growth into 2026.

Oct 29, 2025, 1:00 PM

Transcript

OppFi Inc. Reports Record Q3 2025 Financial Results and Raises Full Year Guidance

OPFI

Earnings

Guidance Update

Revenue Acceleration/Inflection

OppFi Inc. reported record quarterly revenue of $155.1 million for Q3 2025, an increase of 13.5% year over year.
Net income for Q3 2025 increased 136.9% year over year to a record $75.9 million, and adjusted net income grew 41.4% to a record $40.7 million.
The company raised its full year 2025 guidance, projecting total revenue between $590 million and $605 million, adjusted net income between $137 million and $142 million, and adjusted EPS between $1.54 and $1.60.
Total net originations for Q3 2025 increased 12.5% year over year to $246.1 million, and ending receivables grew 16.3% to $481.0 million as of September 30, 2025.

Oct 29, 2025, 11:14 AM

8-K

OppFi Reports Record Q3 2025 Results and Raises Full Year Guidance

OPFI

Earnings

Guidance Update

Revenue Acceleration/Inflection

OppFi reported record quarterly revenue of $155.1 million for the third quarter ended September 30, 2025, marking a 13.5% year-over-year increase. The company also achieved record net income of $75.9 million, up 136.9% year over year, and record adjusted net income of $40.7 million, up 41.4% year over year for the same period.
The company has raised its full year 2025 guidance for total revenue to between $590 million and $605 million, adjusted net income to between $137 million and $142 million, and adjusted EPS to between $1.54 and $1.60.
The auto-approval rate increased to 79.1% in the third quarter of 2025, contributing to improved operating efficiency.

Oct 29, 2025, 11:00 AM

Press Release

OppFi announces new $150 million revolving credit facility

OPFI

Debt Issuance

OppFi Inc. closed a new $150 million revolving credit facility on September 29, 2025, with funds managed by Castlelake L.P., replacing a prior facility.
The new facility has a four-year term maturing on September 29, 2029, and features an improved interest rate of SOFR + 6.0%, a reduction from the prior facility's SOFR + 7.5%.
A portion of the proceeds from the new agreement was used to repay $79.0 million in outstanding obligations under the previous revolving credit agreement, which was terminated without early termination penalties.
The company expects this new facility to improve financing costs and support ongoing growth in finance receivables.

Oct 2, 2025, 11:26 AM

8-K

OppFi Closes New $150 Million Revolving Credit Facility

OPFI

Debt Issuance

OppFi Inc. has closed a new $150 million revolving credit facility with funds managed by Castlelake L.P., replacing a prior facility.
The new facility has a four-year term and reduces the interest rate from SOFR + 7.5% to SOFR + 6.0%.
This transaction is expected to improve financing costs and support further growth in receivables.