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. OppFi entered a $100 million senior secured multi-draw term loan with 12.50% interest, 1.25% original issue discount, and four-year maturity. Full-year guidance was trimmed to revenue of $600 million to $625 million and adjusted EPS of $1.34 to $1.51. 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.
Updated with an SEC 8-K filing · What changed
Updates
· SEC 8-K — OppFi entered a $100M senior secured multi-draw term loan with 12.50% interest, 1.25% original issue discount, and four-year maturity. Full-year guidance was trimmed to revenue of $600M-$625M and adjusted EPS of $1.34-$1.51.
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 neutral market sentiment and an importance score of 8 out of 10. Source: PR Newswire.