OppFi Lands $100M Credit Line, Posts Record Q2 Revenue, but Trims Full-Year Outlook
OPFI is trading near its 52-week low of $7.36 (1.8% below the low).
Summary
OppFi reported record Q2 revenue and net income but cut full-year guidance, while also entering a $100M credit facility to support growth and its pending bank acquisition.
Key Events · Earnings and Guidance · OPFI
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$100M Credit Facility Secured
A subsidiary of OppFi entered a $100M senior secured multi-draw term loan agreement with a 12.50% fixed interest rate (13.50% post-Bank Acquisition) and a 1.25% original issue discount per draw. No loans were drawn at closing; proceeds will fund growth in finance receivables and general corporate purposes.
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Record Q2 Revenue, Net Income Up 36%
Total revenue reached $145.2M (+1.9% YoY), a Q2 record, while net income rose to $15.6M. Adjusted net income fell 27% to $28.8M, and adjusted EPS declined 25% to $0.33, reflecting higher charge-offs and one-time transaction costs.
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Full-Year Guidance Lowered
OppFi cut its 2026 revenue guidance to $600M-$625M (from $650M-$675M) and adjusted net income to $115M-$130M (from $153M-$160M). Adjusted EPS is now expected at $1.34-$1.51, down from $1.76-$1.84, citing credit tightening and moderated originations.
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Share Repurchases Initiated
Under the $40M buyback authorized in May 2026, OppFi repurchased $11.2M of Class A common stock YTD at an average price of $9.46 per share, signaling management confidence despite the guidance reduction.
Analysis · OPFI · Finance
OppFi entered a $100 million senior secured term loan to fund growth and working capital, while simultaneously reporting record second-quarter revenue of $145.2 million and a 36% jump in net income. However, the company lowered its full-year revenue and adjusted earnings guidance, signaling headwinds. The new debt carries a 12.5% interest rate and a 1.25% original issue discount, adding leverage ahead of the pending BNCCORP acquisition. The stock trades near its 52-week low, and the guidance cut may pressure shares further despite the strong quarterly results.
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At the time of this filing, OPFI was trading at $7.23 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 filing was assessed with negative market sentiment and an importance score of 8 out of 10.