OppFi Posts Record Q2 Revenue of $145.2M, Net Income Surges 36%
OPFI is trading near its 52-week low of $7.36 (15% above the low).
Summary
OppFi delivered record second-quarter revenue of $145.2 million, up 1.9% year-over-year, while net income jumped 36% to $15.6 million. Adjusted net income fell 27% to $28.8 million, and adjusted EPS declined to $0.33 from $0.45, missing estimates as credit losses rose. Originations dropped 9.3%, which could indicate tightening credit or softer demand. The results land amid the pending BNCCORP acquisition, which aims to transform OppFi into a bank holding company—a strategic shift that could reshape its funding and regulatory profile. With shares at $8.45 and a $1.26 billion market cap, the GAAP profitability turnaround from last year's loss is notable, but the decline in adjusted metrics warrants scrutiny on the earnings call.
At the time of this announcement, OPFI was trading at $8.45 on NYSE in the Finance sector, with a market capitalization of approximately $1.3B. The 52-week trading range was $7.36 to $12.45. This news item was assessed with negative market sentiment and an importance score of 8 out of 10. Source: PR Newswire.