Welcome to our dedicated page for OppFi news (Ticker: OPFI), a resource for investors and traders seeking the latest updates and insights on OppFi stock.
OppFi Inc (NYSE: OPFI) is a technology-driven specialty finance platform expanding credit access through innovative partnerships with community banks. This page aggregates official announcements, financial disclosures, and market developments related to OppFi's mission of modernizing inclusive lending solutions.
Investors and industry observers will find timely updates on earnings reports, strategic partnerships, product launches, and regulatory filings. The curated collection serves as a historical record and real-time tracker of OppFi's evolving position in the fintech sector.
Key content categories include quarterly financial results, leadership updates, technology enhancements to its lending platform, and analyses of credit market trends impacting OppFi's operations. All materials are sourced directly from company filings and authorized communications.
Bookmark this page for streamlined access to OppFi's latest developments in specialty finance, including progress on initiatives like SalaryTap loans and digital underwriting innovations. Check back regularly for verified updates presented in chronological order.
OppFi (NYSE: OPFI) reported strong Q4 2024 financial results, exceeding both company guidance and analyst expectations. The company achieved record total revenue of $135.7M, representing a 2.1% year-over-year increase. Key highlights include:
- Net income grew dramatically by 619.7% year-over-year to $14.0M
- Adjusted net income reached $20.3M, up 140.3% from prior year
- Adjusted EPS of $0.23 versus consensus estimates of $0.15
- Net revenue margin expanded 1,000 basis points year-over-year to 59.5%
- Total net originations increased 11% year-over-year to $214.0M
For the full fiscal year 2024, total revenue increased 3.3% compared to FY23, while adjusted net income doubled from the previous year.
OppFi (NYSE: OPFI) reported strong financial results for Q4 and full-year 2024, with significant year-over-year growth. Net income surged 112.4% to $83.8 million for full-year 2024, marking the company's tenth consecutive profitable year.
Key highlights include:
- Full-year adjusted net income up 99.2% to $82.7 million
- EPS improved to $0.36 from -$0.06 in 2023
- Adjusted EPS increased 95.5% to $0.95
- Net charge-offs decreased 440 basis points to 39.1%
- Average yield increased 416 basis points to 131.4%
The company provided optimistic guidance for 2025, projecting:
- Revenue growth of 7-13% ($563-594 million)
- Adjusted net income growth of 15-17% ($95-97 million)
- Q1 2025 adjusted net income of $22-24 million
OppFi Inc. (NYSE: OPFI), a tech-enabled specialty finance platform, has scheduled its fourth quarter and full year 2024 earnings release for Wednesday, March 5, 2025, before market opening. The company will host a conference call at 9:00 a.m. ET on the same day to discuss financial results and business outlook.
Investors can access the conference call webcast through OppFi's Investor Relations website at investors.oppfi.com, or join via phone using the following dial-in numbers: Domestic: (800) 225-9448, International: (203) 518-9708, Conference ID: OPPFI. An archived version of the webcast will be available on the company's website.
OppFi Inc. (NYSE:OPFI) has expanded its revolving credit facility with Blue Owl Capital affiliates from $250 million to $300 million. The amended agreement extends the maturity date to February 2029, increases available funds for growth, and provides flexibility to use balance sheet capital for early corporate debt extinguishment.
The expansion follows Blue Owl's acquisition of Atalaya Capital Management in September 2024. OppFi, a tech-enabled specialty finance platform, partners with community banks to provide credit access to everyday Americans. The company maintains a 4.5/5.0 star rating on Trustpilot with over 4,400 reviews and holds a 35% equity interest in Bitty Advance, a small business financing company.
LawFi, a Legal Fintech Lender, has announced that Pamela Johnson, the current CFO of OppFi Inc. (NYSE: OPFI), has joined as an Advisor. Johnson will guide LawFi's financial team and activities, leveraging her extensive experience in consumer lending, financial management, and public company operations.
Johnson, who holds a Master of Accountancy and Bachelor of Business from Western Illinois University, will help LawFi develop banking relationships and secure funding for their innovative 'Legal Fee Loan' product. This new asset class aims to increase financial inclusion in the legal system by providing point-of-need legal fee loans and Retain-Now-Pay-Later™ options.
LawFi's mission focuses on addressing the Access-to-Justice Gap by creating financing options for legal fees and related costs, making legal representation more accessible regardless of financial situation.
OppFi (NYSE: OPFI) announced that CFO Pam Johnson and COO Manny Chagas will present at NobleCon20, Noble Capital Markets' Twentieth Annual Emerging Growth Equity Conference. The presentation is scheduled for December 4 at 11:00 a.m. ET at Florida Atlantic University in Boca Raton, FL.
A video webcast will be available the following day on OppFi's investor website and will remain archived for 90 days. OppFi is a tech-enabled specialty finance platform that partners with community banks to provide credit access to everyday Americans. The company's OppLoans platform maintains a 4.5/5.0 star rating on Trustpilot with over 4,400 reviews.
OppFi (NYSE: OPFI) reported strong financial results for Q3 2024, with total revenue reaching $136.6M, representing a 2.6% year-over-year increase. The company achieved record-breaking performance with net income of $32.1M, marking a 106.4% year-over-year growth. Adjusted net income rose 116.2% to $28.8M. The company's net revenue margin expanded by 992 basis points to 66.7% compared to Q3 2023. These results significantly exceeded both Stonegate Capital Partners and consensus estimates for revenue, adjusted net income, and adjusted EPS.
OppFi (NYSE: OPFI) reported record-breaking third quarter results with net income increasing 106.4% year over year to $32.1 million. Total revenue rose 2.6% to $136.6 million, while adjusted net income grew 116.2% to $28.8 million. The company achieved basic and diluted EPS of $0.21, with adjusted EPS increasing 112.4% to $0.33. Net charge-off rate decreased 810 basis points to 34.3%, and average yield increased to 133.9%. Based on strong performance, OppFi raised its full-year 2024 adjusted EPS guidance to $0.85-$0.87 from $0.73-$0.75.
OppFi (NYSE: OPFI), a tech-enabled specialty finance platform, has scheduled its third quarter 2024 earnings release for Thursday, November 7, 2024, before market opening. The company will host a conference call at 9:00 a.m. ET on the same day to discuss financial results and business outlook. Investors can access the webcast through OppFi's Investor Relations website at investors.oppfi.com or join via phone using the provided dial-in numbers.
OppFi Inc (NYSE:OPFI), a tech-enabled specialty finance platform, is set to participate in the August 20th Virtual Investor Summit Microcap Event. The company will present at 2:00 pm ET and be available for 1-on-1 meetings throughout the day. OppFi recently reported record Q2-24 results and has raised its full-year 2024 earnings guidance by over 20%. Additionally, the company has diversified its business by acquiring a minority stake in Bitty Advance to expand into small business financing. The event, focusing on 50 micro-cap companies with catalysts or strong market performance, offers live Q&A sessions and is complimentary for qualified investors.
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