Stonegate Capital Partners Updates 4Q24 Report on OppFi, Inc. (OPFI)

Rhea-AI Summary

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.

Positive

• Record revenue of $135.7M (+2.1% YoY)
• Net income surge of 619.7% YoY to $14.0M
• Adjusted net income up 140.3% to $20.3M
• Net revenue margin expansion of 1,000 bps to 59.5%
• Loan originations up 11% YoY to $214.0M
• Full-year revenue growth of 3.3%
• 100% growth in full-year adjusted net income

Negative

• Modest revenue growth rate of 2.1% YoY

News Market Reaction

-6.47%

1 alert

-6.47% News Effect

On the day this news was published, OPFI declined 6.47%, reflecting a notable negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

Dallas, Texas--(Newsfile Corp. - March 5, 2025) - OppFi, Inc. (NYSE: OPFI): Stonegate Capital Partners Updates Coverage on OppFi (NYSE: OPFI). OPFI reported revenue, adj. Net Income, and adj. EPS of $135.7M, $20.3M, and $0.23, respectively. This compares to our/consensus estimates of $133.3M/$133.5M, $12.7M/$12.6M, and $0.14/$0.15.Net revenue margin was 59.5% for the quarter, which was a year over year margin expansion of 1,000 bps from 4Q23. This quarter's strong performance was driven by record total revenue of $135.7M, a 2.1% y/y increase, coupled with significant improvements in net income, which grew by 619.7% y/y to ~$14.0M, setting new records for the Company. Additionally, The Company achieved an adj. net income of $20.3M, marking a 140.3% increase from the prior year. When looking at the full year, total revenue increased 3.3% from FY23 and adj. net income grew by ~100%. We anticipate this momentum to continue in 2025, supported by OppFi's strategic focus on operational efficiencies and credit risk management.

To view the full announcement, including downloadable images, bios, and more, click here.

Key Takeaways:

• Beat Q4 2024 Revised Guidance.
• Net revenue margin expansion of 1,000 bps year-over-year.
• Total net originations were $214.0M, reflecting an 11% y/y increase.

Click image above to view full announcement.

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About Stonegate

Stonegate Capital Partners is a leading capital markets advisory firm providing investor relations, equity research, and institutional investor outreach services for public companies. Our affiliate, Stonegate Capital Markets (member FINRA) provides a full spectrum of investment banking services for public and private companies.

Contacts:

Stonegate Capital Partners
(214) 987-4121
info@stonegateinc.com

Source: Stonegate, Inc.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/243476

FAQ

What were OppFi's Q4 2024 earnings results compared to analyst estimates?

OPFI reported revenue of $135.7M vs $133.5M estimated, adjusted net income of $20.3M vs $12.6M estimated, and adjusted EPS of $0.23 vs $0.15 consensus.

How much did OppFi's net income grow in Q4 2024?

OppFi's net income grew by 619.7% year-over-year to $14.0M in Q4 2024.

What was OppFi's net revenue margin in Q4 2024?

OppFi achieved a net revenue margin of 59.5%, representing a 1,000 basis point expansion year-over-year.

How much did OppFi's loan originations grow in Q4 2024?

Total net originations reached $214.0M, representing an 11% increase year-over-year.