OppFi Inc. Reports Record Annual Revenue, Net Income, and Adjusted Net Income for Fiscal Year 2025

Key Highlights from OppFi’s 2025 Financial Results

• Record Net Income: OppFi Inc. reported net income of \$146.2 million for the full year 2025, representing a substantial increase of 74.4% year over year. The company also posted a record net income margin of 24.5%, up from 15.9% the prior year.
• Record Total Revenue: Total revenue for 2025 reached \$597.1 million, a 13.5% increase over 2024 and a new high for the company.
• Adjusted Net Income: Adjusted net income, a non-GAAP measure, soared to \$139.8 million, up 69.1% year over year, with an adjusted net income margin of 23.4% (up from 15.7% in 2024).
• Quarterly Performance: In Q4 2025, OppFi achieved net income of \$38.4 million (up 175.1% YoY) and total revenue of \$159.2 million (up 17.3% YoY). Adjusted net income for the quarter was \$25.8 million (up 27.2% YoY).
• Growth in Receivables and Originations: Ending receivables as of December 31, 2025, stood at \$493.1 million (up 16% YoY). Total net originations for the year were \$899.3 million, a 12.2% increase.
• Expense Management: Total expenses as a percentage of total revenue decreased 720 basis points YoY to 35.9% in 2025, reflecting efficient cost control.
• Strong Cash Flow: The company generated \$93.5 million in free cash flow during 2025.

2026 Guidance: Continued Growth Expected

• Total Revenue: Guidance for 2026 calls for total revenue between \$650 million and \$675 million, representing an anticipated increase of 9% to 13% year over year.
• Adjusted Net Income: Projected to be between \$153 million and \$160 million, up 9% to 14% YoY.
• Adjusted EPS: Expected in the range of \$1.76 to \$1.84, up 11% to 16% YoY, based on approximately 87 million weighted average diluted shares outstanding.

Capital Allocation and Liquidity Developments

• Debt Repayment: \$30 million of remaining corporate term loan debt was repaid in Q1 2025.
• Credit Facility Upsize: \$50 million upsize to revolving credit facility with Blue Owl Capital affiliates in Q1 2025.
• New Credit Facility: Secured a \$150 million replacement revolving credit facility with Castlelake L.P. in Q3 2025, reducing financing costs by 150 basis points from the previous facility.
• Shareholder Returns: Paid a \$0.25 per share/unit special dividend and distribution totaling \$21.7 million in Q2 2025; repurchased \$15.5 million in shares at an average price of \$10.04 during the year.

Key Details and Shareholder Implications

• Significant Profitability Expansion: The company’s ability to deliver record revenues and profits, alongside efficient cost controls and strong free cash flow, demonstrates robust operational execution. These results, especially the large jump in net income and margin expansion, are potentially price sensitive and may positively affect share value.
• Balance Sheet Strength: As of year-end 2025, total assets were \$754.1 million (up 17.6% YoY), with total stockholders’ equity rising to \$308.9 million (up 31.9%).
• Expense Reductions: Notable reductions in interest expense, professional fees, and depreciation/amortization contributed to improved operating leverage.
• Non-GAAP Measures: Investors should be aware that Adjusted Net Income and Adjusted EPS are non-GAAP measures. The company provides reconciliation to GAAP and stresses these figures are useful for comparing performance, but may differ from similarly titled measures at other companies.
• Potential Risks: Management highlighted several risks and uncertainty factors in its forward-looking statements, such as economic slowdowns, inflation, regulatory changes (including California’s AB 539 and the “One Big Beautiful Bill Act”), concentration risk, and the need to retain key employees. Any negative developments in these areas could impact future performance and thus share price.
• Outlook for 2026: The company’s bullish guidance for 2026 suggests confidence in continued growth and profitability, which could further positively impact investor sentiment and share price.

Conference Call Details

Management will host a conference call to discuss these results and the business outlook. The webcast will be available on OppFi’s investor relations website, with dial-in numbers provided for domestic and international investors.

About OppFi

OppFi (NYSE: OPFI) is a tech-enabled digital finance platform partnering with banks to offer financial products to underserved Americans. The company emphasizes financial inclusion and customer experience, and holds a 35% equity interest in Bitty Holdings, LLC, a credit access company.

Forward-Looking Statements & Non-GAAP Measures

OppFi’s report contains forward-looking statements and non-GAAP financial measures. Investors are encouraged to review the “Risk Factors” section in SEC filings and to use non-GAAP metrics as supplements, not substitutes, for GAAP results.

Disclaimer: This article is a summary interpretation of OppFi Inc.’s 2025 earnings report and related materials for investor informational purposes. It does not constitute investment advice. Investors should conduct their own due diligence and consult professional advisers before making investment decisions. Past performance is not indicative of future results. Forward-looking statements involve risks and uncertainties that could cause actual results to differ materially.

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