OppFi Inc.
- Open
- 10.04
- Day high
- 10.04
- Day low
- 9.82
- Prev close
- 9.93
- Volume
- 451K
- Mkt cap
- $843M
- P/E (TTM)
- 4.2
- EPS (TTM)
- $2.40
- P/B
- 11.1
- P/S
- 1.4
- Yield
- —
- Per share
- —
- ▼Insiders net selling -$867K over the last 3 months (0 open-market buys, 4 sales)
- 🏛Institutions mixed (13F)
OppFi Inc. (OPFI) is a Technology company listed on NYSE. The stock is down 27% over the past year. Over the trailing 3 months, insiders filed 0 open-market buys and 4 sales (SEC Form 4).
OppFi Inc. (OPFI) financials & analyst ratings
Fundamentals (TTM)
Analyst consensus · 2 analysts
Source: exchange market data + company filings. Figures are trailing-twelve-month or as most recently reported. For informational purposes only — not investment advice.
OPFI earnings date, history & EPS estimates
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| May 7, 2026 | $0.33 | $0.35 | +6.1% | $152M | +0.5% |
| Mar 11, 2026 | $0.28 | $0.30 | +6.2% | $159M | +0.6% |
| Oct 29, 2025 | $0.31 | $0.46 | +48.4% | $155M | -2.9% |
| Aug 7, 2025 | — | $-0.78 | — | $142M | — |
| Mar 5, 2025 | $0.14 | $0.23 | +64.3% | $136M | -1.7% |
| Nov 7, 2024 | $0.21 | $0.33 | +57.1% | $137M | +2.3% |
| Mar 7, 2024 | $0.07 | $0.10 | +42.9% | $133M | -1.9% |
| Nov 9, 2023 | $0.07 | $0.16 | +128.6% | $133M | -1.7% |
| May 11, 2023 | $0.01 | $0.05 | +655.3% | $120M | +3.1% |
| Mar 23, 2023 | $-0.06 | $-0.19 | -216.7% | $120M | +9.4% |
| May 5, 2022 | $0.00 | $0.01 | +3900.0% | $101M | -5.1% |
| Mar 10, 2022 | $0.13 | $0.13 | +0.0% | $96M | -3.3% |
OPFI insider trading activity (SEC Form 4)
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| Jun 17, 2026 | Moore Jocelyndirector | Sell | 39,076 | $8.32 |
| Jun 16, 2026 | McKay Christopher J.officer: Chief Risk & Analytics Officer | Sell | 23,683 | $8.35 |
| Jun 10, 2026 | Favilla Christina Mdirector | Grant | 16,843 | — |
| Jun 10, 2026 | SCHWARTZ THEODORE Gdirector, 10 percent owner: | Grant | 16,843 | — |
| Jun 10, 2026 | Zeeman Gregory Tdirector | Grant | 16,843 | — |
| Jun 10, 2026 | Favilla Christina Mdirector | Sell | 30,000 | $8.14 |
| Jun 10, 2026 | Moore Jocelyndirector | Grant | 16,843 | — |
| Jun 10, 2026 | Vennettilli Daviddirector | Grant | 25,265 | — |
| May 6, 2026 | Johnson Pamela D.officer: CFO | Tax | 469 | $9.51 |
| May 6, 2026 | McKay Christopher J.officer: Chief Risk & Analytics Officer | Tax | 357 | $9.51 |
| May 6, 2026 | Vennettilli Daviddirector | Sell | 10,000 | $10.00 |
| Apr 30, 2026 | SCHWARTZ THEODORE Gdirector, 10 percent owner: | Option | 18,887,359 | — |
| Apr 30, 2026 | Schwartz Todd G.director, 10 percent owner, officer: Chief Executive Officer | Option | 24,656,083 | — |
| Apr 30, 2026 | Vennettilli Daviddirector | Option | 284,501 | — |
| Apr 30, 2026 | Schwartz Todd G.director, 10 percent owner, officer: Chief Executive Officer | Option | 1,949,309 | — |
Source: OPFI SEC Form 4 filings, latest Jun 17, 2026. For informational purposes only — not investment advice.
See the full OPFI insider & 13F page →OppFi Inc. company profile
Overview
OppFi Inc. (NYSE:OPFI) is a Chicago-based financial technology company that operates a digital lending platform enabling banks to offer installment loans and other credit products to underserved consumers. Founded as Opportunity Financial and later rebranded as OppFi, the company went public in November 2020 through a SPAC merger. OppFi has positioned itself as a technology-enabled alternative to traditional payday lending, focusing on providing access to credit for consumers who typically cannot qualify for prime lending products from traditional financial institutions.
Business
OppFi operates in the alternative consumer lending industry, specifically targeting the near-prime and subprime credit segments. The company functions as a financial technology platform that partners with banks to originate installment loans, leveraging a bank partnership model to navigate regulatory requirements while providing technology and servicing capabilities. The company's core offerings include three main products. OppLoan represents the primary product - an installment loan typically ranging from $500 to $4,000 with terms of 9 to 18 months, designed as an alternative to payday loans and other high-cost short-term credit options. SalaryTap is a payroll deduction secured installment loan product that allows borrowers to have payments automatically deducted from their paychecks, reducing default risk. OppFi Card is the company's credit card offering, expanding beyond installment loans into revolving credit products. The alternative lending industry serves consumers who fall outside traditional prime lending criteria, often due to limited credit history, lower credit scores, or irregular income patterns. These borrowers typically cannot access credit from traditional banks or credit unions and may otherwise turn to payday loans, which often carry extremely high effective interest rates and short repayment terms. OppFi's installment loan structure provides longer repayment periods and more predictable payment schedules compared to payday alternatives. Additionally, OppFi has made strategic investments in adjacent markets, including an equity stake in Bitty Advance, which focuses on small business financing through revenue-based financing products. This represents the company's exploration into the small and medium business (SMB) lending space, though this remains a smaller portion of overall operations.
Revenue model
OppFi generates revenue primarily through interest income and fees charged on the loans originated through its platform. The company operates under a bank partnership model where partner banks technically originate the loans, but OppFi provides the technology platform, underwrites the credit decisions, services the loans, and typically purchases the loans from the bank partners shortly after origination. The revenue model is built on several key components. Interest income represents the largest revenue source, with the company reporting annualized yields of approximately 134% as of recent quarters. These high yields reflect the credit risk associated with serving near-prime and subprime borrowers who have limited access to traditional credit. The company also generates fee income from origination fees and other charges associated with loan processing and servicing. OppFi's profitability is significantly influenced by credit performance, as measured by net charge-off rates. The company has demonstrated substantial improvement in this metric, with net charge-off rates declining from over 70% of revenue in 2022 to approximately 35% in recent quarters. This improvement directly translates to higher net revenue margins, as gross revenue minus charge-offs represents the company's net revenue. Several factors impact the company's margins and profitability. Credit performance improvements through enhanced underwriting models and focus on higher-quality borrowers have been the primary driver of margin expansion. Interest rate environments affect both funding costs and competitive dynamics, with potential Federal Reserve rate cuts providing tailwinds through lower financing expenses. Regulatory changes in consumer lending could impact both pricing flexibility and operational requirements. Competition from traditional banks expanding into near-prime lending, fintech competitors, and alternative credit providers could pressure yields and market share. Economic conditions, particularly unemployment rates and consumer financial stress, directly influence default rates and credit losses. The company's customer acquisition costs have shown efficiency improvements, with marketing cost per funded loan decreasing in recent periods. Operational leverage through technology investments and process automation has contributed to expense management, with total expenses as a percentage of revenue declining over time.
Competitive moat
OppFi operates in a competitive lending market with limited sustainable competitive advantages, though the company has developed some defensive characteristics through its operational approach and market positioning. The company's primary competitive position stems from its specialized focus on near-prime and subprime lending combined with its bank partnership model. This partnership structure provides regulatory advantages, as banks can offer products across state lines more easily than non-bank lenders, and the arrangement helps navigate complex state-by-state lending regulations. OppFi's technology platform and credit underwriting expertise, developed specifically for this customer segment, represent operational advantages over traditional banks that may lack the specialized systems and risk assessment capabilities for this market. The company has built data advantages through years of lending to this customer segment, developing proprietary credit models that incorporate alternative data sources beyond traditional credit scores. Recent improvements in auto-approval rates to nearly 80% and significant reductions in charge-off rates suggest these models provide meaningful differentiation in risk assessment. Customer relationships also provide some defensive value, with high Net Promoter Scores (82) and customer satisfaction ratings above 90%, indicating strong customer loyalty in a segment where borrowers often have limited alternatives. However, OppFi's competitive moat faces several significant challenges. The alternative lending space has relatively low barriers to entry for well-capitalized competitors, and traditional banks are increasingly expanding into near-prime lending as they seek yield in competitive markets. Fintech competitors with strong balance sheets and advanced technology platforms pose ongoing threats. Regulatory risks remain substantial, as changes in state or federal lending regulations could impact pricing, operations, or market access. The company's high interest rates, while justified by credit risk, make it vulnerable to economic improvements that could expand traditional credit access for its target customers. Additionally, the bank partnership model, while providing regulatory advantages, also creates dependency relationships that could be disrupted if partner banks change strategies or face regulatory pressure. Overall, OppFi operates with modest competitive advantages primarily based on specialized expertise and operational efficiency, but lacks the strong network effects, switching costs, or regulatory moats that characterize companies with durable competitive positions.
Risks & safety
OppFi demonstrates a strong financial position with substantial margin of safety, though investors should consider the inherent volatility of the consumer lending business. • Liquidity and Solvency: The company maintains excellent liquidity with $58 million in cash and short-term investments against only $2 million in current liabilities, resulting in a current ratio of 29.6. The company has eliminated corporate debt as of recent quarters and maintains access to a Blue Owl asset-based lending facility for funding loan originations. • Cash Generation: Strong operational cash flow of $84 million in Q1 2025 and free cash flow of $84 million demonstrate the business's cash-generating capabilities. Full-year 2024 free cash flow reached $311 million, indicating consistent cash generation. • Valuation Metrics: Trading at a P/E ratio of approximately 15x based on recent earnings, with an EV/EBITDA of 0.43x, suggesting attractive valuation relative to profitability. However, the negative return on equity of -50% reflects recent balance sheet adjustments and should be monitored. • Credit Risk Considerations: Net charge-off rates have improved dramatically from over 70% to 35% of revenue, but remain elevated due to the nature of the customer base. Economic downturns could quickly reverse credit improvements and impact profitability. • Regulatory and Market Risks: The consumer lending industry faces ongoing regulatory scrutiny, and changes in state or federal regulations could impact operations or profitability. Competition from traditional banks and fintech lenders could pressure margins.
Recent development
Over the past several years, OppFi has undergone a significant strategic transformation focused on improving credit quality and operational efficiency rather than pursuing aggressive growth. The company implemented major credit model enhancements starting in mid-2022, including the launch of "Model 6" in 2024, which incorporates advanced risk assessment capabilities and has contributed to substantial improvements in credit performance. The most notable operational achievement has been the dramatic improvement in credit metrics. Net charge-off rates declined from over 70% of revenue in 2022 to approximately 35% in recent quarters, while auto-approval rates increased to nearly 80%. These improvements have translated directly to profitability, with adjusted net income growing from $22-28 million guidance in 2023 to over $100 million in 2024. Strategic initiatives have included significant investments in technology and automation to improve operational efficiency and customer experience. The company has focused on optimizing its marketing funnel, reducing customer acquisition costs while maintaining loan origination volumes. Geographic expansion with bank partners has provided access to new markets and customer segments. A key strategic move was the investment in Bitty Advance, marking OppFi's entry into small business financing through revenue-based financing products. This represents diversification beyond consumer lending and provides potential synergies with the company's existing technology platform and underwriting capabilities. Financial management has been disciplined, with the company eliminating corporate debt, extending its Blue Owl asset-based facility, and returning capital to shareholders through special dividends and share repurchases. The company paid a special dividend of $21.7 million in Q1 2025 and has indicated willingness to continue returning excess capital while maintaining flexibility for growth investments and potential acquisitions. Management has indicated ongoing exploration of inorganic growth opportunities, particularly in the SMB space and consumer point-of-sale financing, suggesting potential expansion beyond the current installment loan focus.
OPFI company profile · for informational purposes only — not investment advice.
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