OppFi Inc.

Listed Company

OPFI-WTCIK 0001818502NYSEAcceleratedFinance ServicesFY ends Dec 31

Period

FY 2025

Revenue

—

Net Income

$26.33M

Total Assets

$754.09M

Equity

$58.48M

Shares Out

87.31M

Op. Cash Flow

$401.31M

Business

OppFi Inc. is a tech-enabled specialty finance platform that broadens community banks’ ability to extend credit to credit‑insecure U.S. consumers. It offers digital installment loans and related services through its OppLoans platform, including automated underwriting, loan servicing, the OppFi TurnUp program and financial education tools. Key business elements include a bank partner model where OppFi provides technology, marketing, data science and servicing on behalf of partner banks, supported by proprietary machine‑learning risk models and Customer Advocate programs. OppFi distributes its products nationally via a fully digital, multi‑channel marketing and partner ecosystem.

Summary from filing dated 2025-03-11

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Interest on finance receivables	592	521	505	451	349
Other revenue	5	5	4	1	2
Interest and other income	597	526	509	453	351
Change in fair value of finance receivables	−216	−204	−231	−234	−86
Provision for credit losses on finance receivables	0	−42,000	−4	−2	−929,000
Net revenue	381	321	273	217	264
Salaries and employee benefits	61	60	61	60	65
Direct marketing costs	51	49	51	58	52
Interest expense and amortized debt issuance costs	39	45	47	35	24
Professional fees	20	22	18	13	19
Technology costs	12	12	13	13	—
Payment processing fees	7	7	10	10	7
Depreciation and amortization	5	10	13	14	10
Occupancy	4	4	4	4	4
Exit costs, net	−1	3	0	0	—
Lower of cost or market adjustment on transfer of finance receivables from held for sale to held for investment	0	0	−3	0	—
General, administrative and other	17	15	14	12	14
Total expenses	215	227	227	223	206
Income from operations	167	95	46	−6	57
Change in fair value of warrant liabilities	−11	−8	−5	9	26
Income from equity method investment	5	1	0	0	—
Other (expense) income, net	−4	318,000	431,000	—	—
Income before income taxes	156	88	42	3	90
Income tax expense	10	4	2	−300,000	300,000
Net income	146	84	39	3	90
Less: net income attributable to noncontrolling interest	120	77	40	−4	64
Net income (loss) attributable to OppFi Inc.	26	7	−1	7	26
Basic (in dollars per share)	0.99	0.36	−0.06	0.51	1.93
Diluted (in dollars per share)	0.99	0.36	−0.06	0.05	0.48
Basic (in shares)	27	20	16	14	13
Diluted (in shares)	27	20	16	84	84

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2023 2023-04-30	FY 2022 2022-12-31
Cash	49	61	32	—	16
Restricted cash	44	27	42	—	33
Total cash and restricted cash	93	88	74	—	50
Finance receivables at fair value	546	474	463	—	457
Settlement receivable	0	2	2	—	2
Equity method investment	19	19	0	—	—
Debt issuance costs, net	5	3	4	—	4
Property, equipment and software, net	28	14	10	—	14
Operating lease right-of-use assets	9	11	12	200,000	14
Deferred tax asset	33	21	26	—	27
Other assets	21	10	10	—	11
Total assets	754	641	602	—	580
Accounts payable	3	879,000	4	—	6
Accrued expenses	43	32	22	—	23
Operating lease liabilities	11	13	15	200,000	17
Senior debt, net	321	319	333	—	345
Warrant liabilities	26	15	7	—	2
Tax receivable agreement liability	40	27	25	—	26
Total liabilities	445	407	408	—	421
Commitments and contingencies (Note 13)	—	—	—	—	—
Preferred stock, $0.0001 par value (1,000,000 shares authorized with no shares issued and outstanding as of December 31, 2025 and 2024)	0	0	0	—	0
Additional paid-in capital	114	94	76	—	66
Accumulated deficit	−34	−55	−64	—	−64
Treasury stock, at cost (3,280,573 and 1,738,624 shares as of December 31, 2025 and 2024, respectively)	−22	−6	−2	—	−2
Total OppFi Inc.s stockholders equity	58	33	10	—	−494,000
Noncontrolling interest	250	201	184	—	160
Total stockholders equity	309	234	194	—	159
Total liabilities and stockholders equity	754	641	602	—	580

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Change in fair value of finance receivables	216	204	231	234	86
Debt issuance cost amortization	3	2	2	2	2
Stock-based compensation expense	10	5	4	3	3
Loss on disposition of equipment	2,000	5,000	3,000	1,000	6,000
Impairment of right of use asset	155,000	0	0	465,000	0
Tax receivable agreement liability adjustment	1	75,000	163,000	−36,000	296,000
Deferred income taxes	5	3	2	—	—
Gain on forgiveness of debt	0	0	−113,000	0	0
Distributions received from equity method investment	5	1	0	0	—
Noncash litigation expense	5	0	0	—	—
Accrued interest receivable	283,000	−285,000	−2	−5	−3
Settlement receivable	2	−132,000	96,000	−2	0
Operating lease, net	−276,000	−170,000	−90,000	−7,000	0
Other assets	−3	555,000	3	2	−5
Accounts payable	2	−4	−2	238,000	3
Accrued expenses	−2	10	−1	−5	8
Net cash provided by operating activities	401	324	296	243	167
Finance receivables acquired and originated	−1,278	−1,226	−1,221	−738	−588
Finance receivables repayments	989	1,012	986	434	403
Purchases of equipment and capitalized technology	−19	−13	−9	−13	−14
Acquisition of equity method investment	0	−16	0	0	—
Net cash used in investing activities	−308	−243	−244	−317	−199
Member distributions	−59	−42	−10	−1	−51
Payments of secured borrowing payable	0	0	−643,000	−22	6
Borrowings of senior debt - revolving lines of credit	253	217	187	—	—
Payments of senior debt - revolving lines of credit	−221	−211	−199	—	—
Payments of senior debt - term loan	−30	−20	0	0	—
Payments of notes payable	0	−1	−3	−2	0
Payments for debt issuance costs	−5	−828,000	−2	−5	−2
Proceeds from employee stock purchase plan	423,000	294,000	328,000	125,000	0
Exercise of warrants	5,000	0	0	—	—
Exercise of stock options	1,000	0	59,000	0	0
Payments of tax withholdings on vesting of restricted stock units	−5	−1	−280,000	0	0
Payments on tax receivable agreement liability	−1	0	0	—	—
Purchase of treasury stock	−16	−4	0	−2	0
Dividend paid on common stock	−6	−2	0	0	—
Net cash used in financing activities	−89	−66	−28	61	49
Net increase in cash and restricted cash	5	14	24	−13	17
Interest paid on borrowed funds	36	43	44	32	22
Income taxes paid	6	475,000	73,000	—	—
Adjustments to additional paid-in capital as a result of adjustment to deferred tax asset	13	−1	997,000	0	0
Issuance of Class V shares related to equity investment	0	3	0	0	—
Forfeitures of Class V shares related to forfeiture of earnout units	0	2,000	0	0	—
Operating lease right of use asset recognized	0	0	159,000	0	0
Operating lease liability recognized	0	0	159,000	0	0
Reclassification of finance receivables held for sale to held for investment	0	0	3	0	0
Prepaid insurance financed with promissory notes	0	0	2	3	0

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