OppFi Inc. SEC Filings

OppFi Inc. is reported to have a significant institutional holder in its warrants. Aristeia Capital, L.L.C., a Delaware investment adviser, reports beneficial ownership of 2,203,396 OppFi warrants, each exercisable for one share of Class A common stock at an exercise price of $11.50 per share.

Based on the company’s reported share count and the warrants held, Aristeia’s position represents 2.52% of the relevant OppFi equity securities. Aristeia has sole voting and dispositive power over all 2,203,396 warrants and discloses that its ownership is 5 percent or less of the class. The reported CUSIP for these warrants is 68386H103.

OppFi Inc. received an updated ownership report from a group of LMR investment entities and their principals Ben Levine and Stefan Renold. The group previously had shared voting and dispositive power over 2,330,473 shares of Class A common stock issuable upon warrants, equal to about 2.5% of the class based on 89,763,407 shares outstanding as of June 30, 2026. Those warrants have since expired and the LMR funds now report beneficial ownership of approximately 0% of OppFi’s outstanding Class A common stock, confirming that they hold 5 percent or less of the class.

OppFi Inc. director and Chief Executive Officer Todd G. Schwartz, a greater-than-10% owner, reported purchasing 60,000 shares of Class A common stock on August 13, 2026 at a weighted average price of $7.128 per share through the TGS Revocable Trust. The trust’s indirect holdings increased to 553,733 shares, alongside directly held 301,710 shares and additional indirect holdings through TGS Capital Group, LP and TGS MCS Capital Group LP, which Schwartz may be deemed to beneficially own but for which he disclaims beneficial ownership except to the extent of his pecuniary interest.

Wellington Trust Company, NA filed an amended ownership report for OppFi Inc. common stock. It reports beneficial ownership of 1,613,235 shares, representing 1.89% of the class as of June 30, 2026. Wellington Trust has shared voting and dispositive power over all reported shares, with no sole voting or dispositive power. The shares are owned of record by its advisory clients, who are entitled to dividends and sale proceeds. No individual client is reported to hold more than five percent of OppFi’s common stock through these arrangements.

OppFi Inc. received an updated ownership report (Amendment No. 2 to a Schedule 13G) from Wellington Management Group LLP and related entities. The Wellington group reports beneficial ownership of 3,019,250 shares of OppFi common stock, representing 3.54% of the class as of June 30, 2026. All reported shares are held with shared voting and shared dispositive power, with no sole voting or dispositive authority. The securities are owned of record by clients of various Wellington investment advisers, and no single client is reported to hold more than five percent of the class. The filing confirms that the Wellington group’s aggregate ownership is now 5 percent or less of OppFi’s outstanding common stock.

OppFi Inc. director, chief executive officer and more-than-10% holder Todd G. Schwartz reported an indirect open-market purchase of 60,000 shares of Class A common stock on August 12, 2026, at a weighted average price of $7.0498 per share, with individual trade prices ranging from $6.90 to $7.17. The shares were purchased through TGS Revocable Trust, for which Schwartz is the sole trustee, bringing that trust’s holdings to 493,733 shares. In addition, Schwartz reported 301,710 shares held directly, and indirect holdings of 24,656,083 shares through TGS Capital Group, LP and 1,949,309 shares through TGS MCS Capital Group LP, which he may be deemed to beneficially own but for which he disclaims beneficial ownership except to the extent of his pecuniary interest.

OppFi Inc. reported higher profitability for the three and six months ended June 30, 2026 while facing softer growth and higher credit costs. For the quarter, total revenue was $145.2 million, up 1.9% year over year, but a larger negative change in fair value of finance receivables reduced net revenue to $86.2 million, down 14.0%. Income from operations fell to $24.4 million from $44.8 million, yet net income rose to $15.6 million, aided by a favorable swing in warrant-liability fair value. Net income attributable to OppFi was $14.8 million, versus a prior-year loss.

For the first half, net income was $69.7 million and net income attributable to OppFi was $43.2 million, compared with a loss a year earlier. Finance receivables at fair value declined to $496.3 million, while ending receivables were broadly flat at $440.1 million. Net charge-offs as a percentage of average receivables increased to 52.3% for the quarter, reflecting elevated credit losses.

The company completed a Corporate Simplification, collapsing its Up‑C structure, eliminating noncontrolling interests, and increasing its deferred tax asset to $102.4 million, while agreeing to $40.8 million in early termination payments under its Tax Receivable Agreement. OppFi also approved a $40 million share repurchase program and repurchased 1.18 million shares for $11.2 million, leaving $38.8 million authorized. A pending acquisition of BNCCORP, Inc., valued at a preliminary $130.7 million, is expected to make BNC National Bank a wholly owned subsidiary, providing future deposit funding subject to regulatory and stockholder approvals and closing conditions.

OppFi Inc. entered into a new Senior Secured Multi-Draw Term Loan Agreement providing up to $100.0 million of funding through a wholly owned special purpose subsidiary. The facility carries a fixed interest rate of 12.50% per annum before, and 13.50% per annum after, the pending BNCCORP/BNC Bank acquisition, plus a 1.25% original issue discount on each draw, amortizes semi-annually at 10% of funded principal, and matures four years after the initial draw. It is secured by all assets of the borrower, primarily residual interests in consumer loan SPVs, is subject to a borrowing base and financial covenants that shift after the bank acquisition, and permits voluntary prepayments with make‑whole-like interest if prepayments exceed a threshold in the first three years.

For the quarter ended June 30, 2026, OppFi reported record second‑quarter total revenue of $145.2 million, up 1.9% year over year, and net income of $15.6 million, up 36.0%, with net income attributable to OppFi Inc. of $14.8 million and diluted EPS of $0.18. Six‑month total revenue was $297.1 million, up 5.1%, and net income was $69.7 million, up 118.5%, while adjusted net income declined versus 2025. Credit costs rose, with quarterly net charge‑offs at 39.5% of total revenue and 52.3% of average receivables, annualized. OppFi ended the quarter with $91.8 million in cash and restricted cash, total debt of $276.5 million, and ending receivables of $440.1 million, and generated $104.3 million of free cash flow in the first half. The company repurchased $11.2 million of stock under a new $40 million buyback authorization and updated 2026 guidance to total revenue of $600–$625 million and adjusted EPS of $1.34–$1.51.