OppFi Inc. (NYSE: OPFI) reported its financial results for the fiscal year ended December 31, 2025, showcasing a net income of $146.2 million, a substantial increase of 74.4% compared to the $83.8 million reported in the previous fiscal year. The company's total revenue reached $597.1 million, marking a 13.5% increase from the $526.0 million recorded in 2024. Basic and diluted earnings per share both stood at $0.99, a significant rise from the $0.36 reported in the prior year. The company's adjusted net income, a non-GAAP measure, was $139.8 million, up 69.1% from $82.7 million in 2024, while adjusted earnings per share reached $1.59, compared to $0.95 in the previous year.
The company's operational performance also saw positive movement, with net originations increasing by 12.2% to $899.3 million, up from $801.5 million in 2024. Ending receivables also experienced growth, rising by 16.0% to $493.1 million from $425.2 million in the previous year. The auto-approval rate, reflecting the efficiency of OppFi's automated loan approval process, increased to 79.2% from 76.5% in 2024. However, net charge-offs as a percentage of average receivables decreased slightly to 49.4% from 51.4% in the previous year.
OppFi's strategic focus remained on its bank partner model, with 100% of net originations facilitated through these partnerships. The company's bank partners include FinWise Bank, First Electronic Bank, and Capital Community Bank. OppFi manages various aspects of the loan lifecycle on behalf of its bank partners, including customer acquisition, underwriting, and loan servicing. The company also continues to invest in its technology platform, including the development of its next-generation loan origination platform, LOLA, designed to enhance funnel performance and improve operational efficiency.
Looking ahead, OppFi aims to leverage both organic and inorganic growth opportunities. The company intends to scale its core OppLoans platform through its multi-channel marketing strategy and explore new products and features to expand its reach. OppFi is also evaluating corporate development opportunities, including potential acquisitions in adjacent categories, to diversify its business. However, the company acknowledges potential risks, including economic conditions, regulatory changes, and competition in the consumer lending market. As of March 10, 2026, there were 85,124,851 shares of common stock outstanding, including 26,436,610 shares of Class A common stock and 58,688,241 shares of Class V common stock.
About OppFi Inc.
OppFi is a technology-enabled specialty finance platform that provides fair, transparent installment loans to underserved, credit-insecure consumers in the U.S. through its OppLoans product. It partners with community banks to facilitate digital, responsible lending, reporting payments to credit bureaus, and offering financial education. Its scalable, proprietary platform emphasizes customer experience, responsible lending, and financial inclusion for millions of non-prime Americans.
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