OppFi

OppFi, Inc. operates as financial technology platform that powers banks to offer lending products to consumers. Its Artificial Intelligence (AI) enabled financial technology platform to help everyday consumers who lack access to traditional credit products to build a financial path. The company was founded by Todd G. Schwartz and Theodore Schwartz in 2012 and is headquartered in Chicago, IL.

Earnings data Q2 2021

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Earnings data Q1 2022

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Earnings data Q3 2023

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Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

OppFi reports strong Q4 performance and outlines growth strategies

OppFi's Q4 2022 performance reflects resilience and growth, with a focus on strategic initiatives for 2023 to drive profitability and enhance credit quality.
Despite challenges like a net loss in Q4 2022, the company's strong balance sheet positioning and focus on operational improvements signal a path to sustainable growth.
Guidance for 2023 indicates a positive outlook for OppFi, with expectations of total revenue of $500-520 million and adjusted net income of $22-28 million.

OppFi exceeds Q1 earnings guidance, focuses on credit performance

OppFi's Q1 2023 earnings call highlighted strong financial performance, with growth in key metrics and improved credit performance. Marketing initiatives and operational efficiency efforts yielded positive results, reflected in a high Net Promoter Score. While challenges exist in evolving credit trends and competition, opportunities for growth through product enhancements and market positioning are evident.

OppFi reports stellar Q2 results, eyes acquisitions for growth

OppFi's Q2 performance reflected strong revenue and income growth, supported by improved credit metrics and cost efficiency, setting a positive trajectory for future growth.
Strategic initiatives such as potential acquisitions and revised guidance underscore the company's proactive approach to expansion and financial success in a competitive industry.
While challenges like balancing profitability and managing rising interest expenses persist, opportunities in acquisitions and revenue growth offer avenues for sustained success and market leadership.

OppFi reports strong Q3 earnings, reaffirms guidance, eyes strategic growth

OppFi's Q3 performance showcased resilience, operational efficiency, and disciplined expense management, underpinning growth and profitability.
The company's focus on credit quality, cost control, and strategic planning positions it well for future success and value creation.
While challenges like credit tightening and expense management persist, opportunities in market expansion and investor engagement offer avenues for sustained growth.

OppFi reports record revenue and net income, prioritizes profitability

OppFi's Q4 2023 earnings call highlighted strong financial performance, improved credit metrics, and a focus on profitability over growth in 2024. The company achieved record revenue and net income, with plans to launch a new credit model and cautious guidance for 2024. Challenges from the macroeconomic environment were acknowledged, but opportunities for strategic decisions and operational improvements were also identified.

OppFi exceeds Q1 earnings guidance, announces special dividend

OppFi's Q1 2024 performance showcased revenue growth, improved credit performance, and operational efficiency. The company's strengths include strong financial metrics, a focus on customer experience, and capital allocation strategies.
Challenges include macroeconomic uncertainties, maintaining growth targets, and balancing expenses with growth initiatives. Opportunities exist in leveraging operational initiatives, capital allocation decisions, and market dynamics for sustained growth.
Overall, OppFi's Q1 earnings call highlighted financial resilience, strategic outlook, and a commitment to enhancing credit access and customer experience. The company's performance and outlook position it for continued growth and profitability.

OppFi reports stellar Q3 results, eyes growth in small business financing

OppFi's Q3 performance reflects strong financial health and strategic execution, positioning the company for sustained growth and profitability.
While challenges in capital allocation and market dynamics exist, the company's focus on operational efficiency and growth initiatives presents promising opportunities.
Overall, OppFi's earnings call highlights a positive outlook for future performance, supported by increased guidance and strategic investments in growth areas.

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OppFi, Inc. is a tech-enabled, mission-driven specialty finance platform that broadens the reach of community banks to extend credit access to everyday Americans. It supports consumers, who are turned away by mainstream options, to build better financial health, through transparency, responsible lending, financial inclusion, and an excellent customer experience. The company was founded by Todd G. Schwartz and Theodore Schwartz in 2012 and is headquartered in Chicago, IL.

CHICAGO--(BUSINESS WIRE)--OppFi Inc. (NYSE: OPFI) (“OppFi” or the “Company”), a mission-driven fintech platform that helps everyday Americans gain access to credit with digital specialty finance products, today reported financial results for the fourth quarter and year ended December 31, 2022. “We delivered record net originations, total revenue and ending receivables in 2022.

OppFi Exceeds 2022 Guidance with Record Revenue, Provides Positive Outlook For 2023

CHICAGO--(BUSINESS WIRE)--OppFi Inc. (NYSE:OPFI) (“OppFi” or the “Company”), a mission-driven fintech platform that helps everyday Americans gain access to credit with digital specialty finance products, will report financial results for its fourth quarter and full year 2022 after the market-close on Thursday, March 23, 2023. Management will host a conference call on March 23, 2023 at 4:30 p.m. ET to discuss OppFi's financial results and business outlook.

OppFi Announces Fourth Quarter and Full Year 2022 Earnings Conference Call

OppFi's Lending Platform OppLoans Launches Same-Day Funding Service

FG New America Acquisition Corp.

New York, New York--(Newsfile Corp. - February 1, 2023) - Kehoe Law Firm, P.C. is investigating whether certain directors and officers FG New America Acquisition Corp. ("FG New America") (NYSE: FGNA), now known as OppFi Inc. ("OppFi") (NYSE: OPFI), breached their fiduciary duties to FG New America's shareholders.

OppFi Stock - OPFI Investors Who Held FG New America Acquisition Corp. Stock Encouraged to Contact Kehoe Law Firm, P.C. - Breach of Fiduciary Duties Investigation - OPFI, FGNA

New York, New York--(Newsfile Corp. - January 25, 2023) - Kehoe Law Firm, P.C. is investigating whether certain directors and officers FG New America Acquisition Corp. ("FG New America") (NYSE: FGNA), now known as OppFi Inc. ("OppFi") (NYSE: OPFI), breached their fiduciary duties to FG New America's shareholders.

OppFi Stock - OPFI Investors Who Held Shares of FG New America Acquisition Corp. Encouraged to Contact Kehoe Law Firm, P.C. - Breach of Fiduciary Duties Investigation - OPFI, FGNA

NEW YORK--( BUSINESS WIRE )--Scott+Scott Attorneys at Law LLP (“Scott+Scott”), an international securities and consumer rights litigation firm, is investigating whether certain directors and officers of FG New America Acquisition Corp. (“FG New America”) (NYSE: FGNA); n/k/a OppFi Inc. (“OppFi”) (NYSE: OPFI) breached their fiduciary duties to FG New America's shareholders. If you were an FG New America shareholder, you may contact attorney Joe Pettigrew for additional information toll-free at 844-818-6982, or jpettigrew@scott-scott.com.

INVESTIGATION ALERT: Scott+Scott Attorneys at Law LLP Investigates FG New America Acquisition Corp.'s Directors and Officers for Breach of Fiduciary Duties – OPFI, FGNA

CHICAGO--( BUSINESS WIRE )--OppFi Inc. (NYSE:OPFI) ("OppFi" or the "Company"), a leading financial technology platform that powers banks to help the everyday consumer gain access to credit, today announced that subsidiaries of the Company have closed a $150 million credit facility with an affiliate of Castlelake L.P. ("Castlelake") as lender. Affiliates of Hudson Cove Capital Management LLC ("Hudson Cove") are also participating in the credit facility.

OppFi Closes $150 Million Credit Facility

Los Angeles, California--(Newsfile Corp. - December 19, 2022) - The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of OppFi Inc. ("OppFi" or "the Company") (NYSE: OPFI) for violations of the securities laws.The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors.

INVESTIGATION NOTICE: The Schall Law Firm Announces It is Investigating Claims Against OppFi Inc. and Encourages Investors with Losses to Contact the Firm

Los Angeles, California--(Newsfile Corp. - December 16, 2022) - The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of OppFi Inc. ("OppFi" or "the Company") (NYSE: OPFI) for violations of the securities laws.The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors.

INVESTIGATION REMINDER: The Schall Law Firm Announces It Is Investigating Claims Against OppFi Inc. and Encourages Investors with Losses to Contact the Firm

OppFi's balance sheet looks increasingly shaky as the economy deteriorates on the back of rising interest rates. The company recorded double beats on revenue and earnings for its last reported earnings report.

Where Is OppFi Going?

OppFi Inc. (NYSE:OPFI ) Q3 2022 Earnings Conference Call November 9, 2022 5:00 PM ET Company Participants Shaun Smolarz – Head-Investor Relations Todd Schwartz – Chief Executive Officer and Executive Chairman Pam Johnson – Chief Financial Officer Conference Call Participants David Scharf – JMP Securities Operator Good afternoon and welcome to OppFi's Third Quarter 2022 Earnings Call. All participants are in a listen-only mode.

OppFi Inc. (OPFI) Q3 2022 Earnings Call Transcript

CHICAGO--(BUSINESS WIRE)--OppFi Inc. (NYSE: OPFI) (“OppFi” or the “Company”), a leading financial technology platform that powers banks to help the everyday consumer gain access to credit, today reported financial results for the third quarter ended September 30, 2022.

OppFi Reports Third Quarter 2022 Financial Results

CHICAGO--(BUSINESS WIRE)--OppFi Inc. (NYSE:OPFI) (“OppFi” or the “Company”), a leading financial technology platform that powers banks to help the everyday consumer gain access to credit, today provided a business update, announced its participation in the ThinkEquity Conference, and scheduled its third quarter 2022 earnings conference call for after the market-close on Wednesday, November 9, 2022.

OppFi Provides Business Update, Announces Participation in the ThinkEquity Conference, and Schedules Third Quarter 2022 Earnings Conference Call

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CHICAGO--(BUSINESS WIRE)--OppFi Inc. (NYSE:OPFI) (“OppFi” or the “Company”), a leading financial technology platform that powers banks to help the everyday consumer gain access to credit, announced its participation in the 4th Annual Needham Virtual FinTech & Digital Transformation 1x1 Conference on Wednesday, August 17, 2022. Todd Schwartz, Chief Executive Officer and Executive Chairman, and Pam Johnson, Chief Financial Officer, will conduct one-on-one meetings with institutional investors

OppFi to Participate in the 4th Annual Needham Virtual FinTech & Digital Transformation 1x1 Conference

OppFi Inc. (NYSE:OPFI ) Q2 2022 Earnings Conference Call August 9, 2022 4:30 PM ET Company Participants Shaun Smolarz - Head, Investor Relations Todd Schwartz - Chief Executive Officer and Executive Chairman Pam Johnson - Chief Financial Officer Conference Call Participants David Scharf - JMP Securities Chris Brendler - D.A. Davidson Operator Good afternoon and welcome to OppFi's Second Quarter 2022 Earnings Call.

OppFi, Inc.'s (OPFI) CEO Todd Schwartz on Q2 2022 Results - Earnings Call Transcript

CHICAGO--(BUSINESS WIRE)--OppFi Inc. (NYSE: OPFI) (“OppFi” or the “Company”), a leading financial technology platform that powers banks to help the everyday consumer gain access to credit, today reported financial results for the second quarter ended June 30, 2022. “We are pleased with our financial and operational performance for the second quarter, relative to our expectations,” said Todd Schwartz, Chief Executive Officer and Executive Chairman of OppFi. “We are encouraged by continued strong

OppFi Reports Second Quarter 2022 Financial Results

CHICAGO--(BUSINESS WIRE)--OppFi Inc. (NYSE:OPFI) (“OppFi” or the “Company”), a leading financial technology platform that powers banks to help the everyday consumer gain access to credit, will report financial results for its second quarter 2022 after the market-close on Tuesday, August 9, 2022. Management will host a conference call on August 9, 2022 at 4:30 p.m. ET to discuss OppFi's financial results and outlook. The webcast of the conference call will be available on the Investor Relations

OppFi Announces Second Quarter 2022 Earnings Conference Call

OppFi continues to generate positive FCF even as the macro environment for subprime lending deteriorates. The company faces headwinds from regulation and a possible recession.

OppFi: Subprime Lender Faces The Specter Of A Recession

CHICAGO--(BUSINESS WIRE)--OppFi Inc. (NYSE: OPFI) (“OppFi” or the “Company”), a leading financial technology platform that powers banks to help the everyday consumer gain access to credit, today announced the Company has been added to the Russell 2000® Index. “We are excited to join the Russell 2000 Index during our first year as a publicly-traded company,” said Todd Schwartz, Chief Executive Officer and Executive Chairman of OppFi. “We believe this development will enhance our profile with inv

OppFi Announces Addition to Russell 2000 Index

NEW YORK--(BUSINESS WIRE)--Ryan Williams, Founder and CEO of Cadre, today announced his decision to assume the roles of Executive Chairman and Co-Chairman of Cadre's Global Investment Committee, and to appoint Jared Kaplan, an entrepreneurial executive with extensive operating experience leading fintech firms, as Cadre's next CEO. Jared Kaplan brings deep operational expertise and track record of success -- leading multiple companies to successful exits and expanding access to financial service

Launching Next Phase of Strategic Growth Plan, Cadre Founder Ryan Williams Steps into Executive Chairman Role, Appoints Jared Kaplan as Cadre's next CEO

CHICAGO--(BUSINESS WIRE)--OppFi Inc. (NYSE: OPFI) ("OppFi” or the “Company”), a leading financial technology platform that powers banks to help the everyday consumer gain access to credit, today announced the Company has more than doubled one of its existing credit facilities with affiliates of Atalaya Capital Management LP (“Atalaya”) to $200 million. “We have been experiencing record consumer demand and opportunistically expanded our funding capacity to support our focus on profitable growth,

OppFi Upsizes Credit Facility with Affiliates of Atalaya Capital Management to $200 Million

CHICAGO--(BUSINESS WIRE)--OppFi enacted a 10b5-1 trading plan as part of its existing share repurchase program.

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