OppFi Inc. Segments Disclosure
| 2025 | 2024 | 2023 | |||||||||||||||
| Total revenue | $ | 597,050 | $ | 525,963 | $ | 508,949 | |||||||||||
| Charge-offs, net | (220,813) | (205,755) | (220,895) | ||||||||||||||
| Net change in fair value | 4,945 | 1,312 | (10,524) | ||||||||||||||
| Change in fair value of finance receivables | (215,868) | (204,443) | (231,419) | ||||||||||||||
| Provision for credit losses on finance receivables | — | (42) | (4,348) | ||||||||||||||
| Net revenue | 381,182 | 321,478 | 273,182 | ||||||||||||||
| Expenses: | |||||||||||||||||
| Salaries and employee benefits | 60,695 | 60,475 | 60,680 | ||||||||||||||
| Direct marketing costs | 50,890 | 49,208 | 50,562 | ||||||||||||||
| Interest expense and amortized debt issuance costs | 39,367 | 44,708 | 46,750 | ||||||||||||||
| Professional fees | 20,103 | 21,574 | 18,027 | ||||||||||||||
| Technology costs | 12,433 | 12,171 | 12,543 | ||||||||||||||
| Payment processing fees | 6,589 | 7,119 | 10,439 | ||||||||||||||
| Depreciation and amortization | 5,159 | 9,621 | 12,735 | ||||||||||||||
| Occupancy | 4,127 | 4,030 | 4,431 | ||||||||||||||
| Exit costs, net | (1,449) | 2,983 | — | ||||||||||||||
| Lower of cost or market adjustment on transfer of finance receivables from held for sale to held for investment | — | — | (2,983) | ||||||||||||||
| General, administrative and other | 16,590 | 15,053 | 13,643 | ||||||||||||||
| Total expenses | 214,504 | 226,942 | 226,827 | ||||||||||||||
| Income from operations | 166,678 | 94,536 | 46,355 | ||||||||||||||
| Other (expense) income: | |||||||||||||||||
| Change in fair value of warrant liabilities | (11,347) | (8,244) | (4,976) | ||||||||||||||
| Income from equity method investment | 4,974 | 1,442 | — | ||||||||||||||
| Other (expense) income, net | (4,173) | 318 | 431 | ||||||||||||||
| Income before income taxes | 156,132 | 88,052 | 41,810 | ||||||||||||||
| Income tax expense | 9,885 | 4,215 | 2,331 | ||||||||||||||
| Net income | 146,247 | 83,837 | 39,479 | ||||||||||||||
| Less: net income attributable to noncontrolling interest | 119,918 | 76,579 | 40,484 | ||||||||||||||
| Net income (loss) attributable to OppFi Inc. | $ | 26,329 | $ | 7,258 | $ | (1,005) | |||||||||||
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Mar 12, 2026 | Showing above |
| 2024 | Mar 11, 2025 | |
About Segments Disclosures
Segment disclosures break a company into its reportable operating units, revealing revenue, profit, and asset allocation that consolidated financial statements obscure. Under ASC 280, segments must match how the chief operating decision maker views the business, providing a window into internal management structure and resource allocation priorities.
Key signals: compare segment margins to identify which units drive profitability and which destroy value. Watch for changes in the number of reportable segments — segment aggregation or disaggregation often coincides with strategic shifts or attempts to obscure declining performance. Intersegment elimination patterns reveal internal pricing practices. The reconciliation between segment totals and consolidated figures exposes corporate overhead allocation and unallocated items. Geographic revenue concentration highlights regulatory and currency exposure. Compare segment-level capital expenditure against segment revenue to assess where management is investing for future growth versus harvesting existing assets.