OppFi Delivers Record Q1 Results and Raises Full-Year Outlook Amid Strength in Credit Performance and Profitability

OppFi Inc. (NYSE: OPFI) reported record financial results for the first quarter of 2025, with revenue reaching $140.3 million, up 10% from the same period last year. The company saw a 60% year-over-year increase in net originations to $189 million and an 11% increase in retained originations to $169 million.

Credit quality strengthened significantly. Gross charge-offs fell 15%, recoveries rose 25%, and the annualized net charge-off rate improved to 35% of revenue from 48% a year ago. The company attributes this to the rollout of its improved credit model, Model 6.

Adjusted net income climbed 285% to a record $33.8 million, and adjusted EPS rose to $0.38 from $0.10. The company also reported a drop in total operating expenses and fully paid off its corporate debt, while expanding its Blue Owl facility to support future lending capacity.

CEO Todd Schwartz stated, "After a strong finish to 2024, I am proud to report that the first quarter of 2025 was a record quarter for OppFi. The business achieved record quarterly revenue, adjusted net income, and operating margin. OppFi is now beginning to unlock its full growth potential, increasing profitability and strengthening our balance sheet."

Reflecting its momentum, OppFi raised its full-year 2025 adjusted net income guidance to $106-$113 million (up from $95-$97 million) and adjusted EPS guidance to $1.18-$1.26. Revenue guidance remains unchanged at $563-$594 million.

The company is evaluating share repurchases and strategic expansion into small business lending and point-of-sale financing. Management noted continued caution around macroeconomic headwinds but remains optimistic about sustained profitability through 2025.

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COMTEX_465284031/2927/2025-05-07T13:19:20