OppFi Inc. reported significant financial growth in its latest quarterly results, with net income reaching $75.9 million for the three months ended September 30, 2025, a substantial increase from $32.1 million in the same period last year. This growth translated to earnings per share of $1.48 on a basic basis and $0.77 on a diluted basis, compared to $0.21 in the prior year. Total revenue for the quarter was $155.1 million, marking a 13.5% increase from $136.6 million in the third quarter of 2024. The company attributed this growth to higher average receivables and increased demand for its loan products.
In comparison to the previous fiscal period, OppFi's financial performance showed marked improvement. For the nine months ended September 30, 2025, net income was $107.8 million, up from $69.9 million in the same period of 2024. Total revenue for the nine months increased by 12.2% to $437.8 million, driven by a rise in interest and loan-related income. The company also reported a decrease in total expenses by 6.4% to $159.9 million, primarily due to lower interest expenses and reduced professional fees.
Operationally, OppFi has seen a rise in its customer base, with total net originations increasing by 12.5% to $246.1 million for the third quarter of 2025. The company’s ending receivables also grew by 16.3% to $481.0 million, reflecting the success of its loan offerings. The auto-approval rate for loans improved to 79.1%, up from 76.8% a year earlier, indicating enhanced efficiency in the loan approval process. The company continues to focus on expanding its market presence, particularly in states like Texas, Virginia, and Florida, which represent significant portions of its finance receivables.
Strategically, OppFi has made notable changes, including an increase in its share repurchase program, which now allows for the repurchase of up to $40 million in Class A common stock. The company repurchased 710,430 shares during the third quarter at an average price of $10.33 per share. Additionally, OppFi has been actively investing in technology, capitalizing $4.6 million in software development costs in the latest quarter, which is expected to enhance its digital finance platform.
Looking ahead, OppFi remains optimistic about its growth trajectory, emphasizing its commitment to financial inclusion for underserved consumers. The company plans to leverage its partnerships with banks to expand its product offerings and improve customer engagement. However, management has acknowledged potential risks, including regulatory challenges and market conditions that could impact future performance. Overall, OppFi's recent financial results and strategic initiatives position it well for continued growth in the digital finance sector.
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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