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.

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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.

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OppFi, Inc. (NYSE:OPFI ) Q1 2022 Results Conference Call May 5, 2022 9:00 AM 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 Mike Grondahl - Northland Securities Chris Brendler - D.A. Davidson Operator Good morning, and welcome to OppFi's First Quarter 2022 Earnings Call.

OppFi, Inc. (OPFI) CEO Todd Schwartz on Q1 2022 Results - Earnings Call Transcript

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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, today reported financial results for the first quarter ended March 31, 2022. “We experienced robust customer demand in the first quarter with a more normalized credit demand environment, achieving a first quarter record 63% origination growth and 38% expansion in ending receivables year over year,” said Todd

OppFi Reports First 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 announced the appointments of Manuel (“Manny”) Chagas as Chief Operating Officer and Shaun Smolarz as Head of Investor Relations. In his role as Chief Operating Officer, Chagas will manage OppFi's people team, operations functions, and banking partnerships to attain greater productivity as well as optim

OppFi Appoints Manuel Chagas as Chief Operating Officer, Shaun Smolarz as Head of Investor Relations

Why Shares of OppFi Are Rising Today

CHICAGO--(BUSINESS WIRE)--OppFi Inc. (NYSE: OPFI) (“OppFi” or the “Company”), a leading financial technology platform that powers banks to help everyday consumers gain access to credit, will report financial results for its first quarter 2022 before the market open on Thursday, May 5, 2022. Management will host a conference call on Thursday, May 5, 2022 at 9:00 am ET to discuss OppFi's financial results and outlook. The webcast of the conference call will be available on the Investor Relations

OppFi Announces First Quarter 2022 Earnings Conference Call

Shares of subprime fintech OppFi Inc. have lost two-thirds of their value since debuting in July 2021, as prior management significantly underdelivered on pre-IPO projections.

OppFi Inc.: A Potential Bottom

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 appointment of Ms. Pamela (“Pam”) Johnson as the Company's Chief Financial Officer. Johnson joined OppFi as Chief Accounting Officer in 2021. Previously, she was Chief Financial Officer for more than 10 years at consumer finance companies Heights Finance Corporation and Pioneer Financial S

OppFi Appoints Pamela Johnson as Chief Financial Officer

OppFi investors are hopeful new CEO Todd Schwartz can turn things around at the struggling fintech company.

OppFi Is a Mess, but CEO Todd Schwartz Can Likely Salvage Some of the Losses

FinTech OppFi Inc. on Monday (March 7) filed a complaint in Los Angeles Superior Court against California's Commissioner of the Department of Financial Protection and Innovation (DFPI), in relation to the state's interest rate caps on loans. OppFi wants a ruling that declares that the caps, which are part of California state law, inapplicable to […]

OppFi Asks for Injunction on Loan Interest Rates Caps

OppFi, Inc. (OPFI) CEO Todd Schwartz on Q4 2021 Results - Earnings Call Transcript

CHICAGO--(BUSINESS WIRE)--OppFi Inc. (NYSE: OPFI) (“OppFi” and “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 fourth quarter and full-year ended December 31, 2021. “I am excited and proud to return as CEO of the company that I founded 10 years ago,” said Todd Schwartz, Executive Chairman and Chief Executive Officer of OppFi. “I remain as passionate about our mission for finan

OppFi Reports Fourth Quarter and Full-Year 2021 Financial Results

CHICAGO--(BUSINESS WIRE)--OppFi Inc. (“OppFi” or the “Company”) (NYSE: OPFI), a leading financial technology platform that helps everyday consumers gain access to credit, today announced it has filed a Complaint for Declaratory and Injunctive Relief against the Commissioner of the Department of Financial Protection and Innovation for the State of California. The Complaint was filed on March 7, 2022 in Los Angeles Superior Court. OppFi is seeking a declaration that the interest rate caps set for

OppFi Files Complaint for Declaratory and Injunctive Relief Against the Commissioner of the California Department of Financial Protection and Innovation

The board of directors at FinTech OppFi Inc. on Monday (Feb. 28) named founder Todd Schwartz as chief executive officer, replacing Neville Crawley in that role. Crawley, who became CEO Dec. 31, also stepped down as OppFi director, according to the company announcement.

OppFi Names Founder and Executive Chairman Todd Schwartz as CEO

The subprime lender reported its second new CEO in just three months.

Why Shares of OppFi Are Falling Today

CHICAGO--(BUSINESS WIRE)--OppFi Inc. (NYSE:OPFI) (“OppFi”), a leading financial technology platform that powers banks to help everyday consumers gain access to credit, announced today that it will release financial results for its fourth quarter and full year 2021 results after the market close on Thursday, March 10, 2022. Conference call and Webcast Management will host a webcast and conference call on Thursday, March 10, 2022 at 5:00 pm ET to discuss the Company's for the fourth quarter and f

OppFi Announces Fourth Quarter and Full Year 2021 Earnings Conference Call Details

CHICAGO--(BUSINESS WIRE)---- $OPFI--OppFi Inc. (“OppFi” or the “Company”) (NYSE: OPFI), a leading financial technology platform that helps everyday consumers gain access to credit, announced today that the Company's Board of Directors has appointed Todd Schwartz as Chief Executive Officer and that Neville Crawley has stepped down from his positions as Chief Executive Officer and a Director. Schwartz founded OppFi in 2012 and has served as Executive Chairman since 2015; he will continue to serve as Chairm

OppFi Board of Directors Appoints Founder and Executive Chairman Todd Schwartz as Chief Executive Officer

CHICAGO--(BUSINESS WIRE)--OppFi Inc. (“OppFi” or the “Company”) (NYSE: OPFI), a leading financial technology platform that powers banks to help everyday consumers gain access to credit, announced today that its Board of Directors has authorized a share repurchase program that permits the Company to purchase up to an aggregate of $20 million of its Class A common stock. The authorization will expire in December 2023. “While our primary focus is to deploy capital to drive incremental growth and i

OppFi Announces Share Repurchase Program

Fintech platform company OppFi Inc (NYSE: OPFI) announced an executive transition earlier this week. Its board selected the company's current president, Neville Crawley, to succeed Jared Kaplan as OppFi CEO, effective Dec. 31.

Neville Crawley To Succeed Jared Kaplan As OppFi CEO Effective Dec. 31

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OppFi, a FinTech that powers banks to broaden credit access, announced Monday (Dec. 20) that effective Dec. 31, company president Neville Crawley will succeed Jared Kaplan as CEO. Kaplan will continue to be a member of the board of directors and will keep advising the company.

FinTech OppFi Names Ex-Kiva Chief Neville Crawley as New CEO

CHICAGO--(BUSINESS WIRE)---- $OPFI--OppFi Inc. (NYSE: OPFI) (“OppFi”), a leading financial technology platform that powers banks to help everyday consumers gain access to credit, announced today that its Board of Directors, led by Founder and Executive Chairman Todd Schwartz, has named Neville Crawley, currently the company's President, to succeed Jared Kaplan as Chief Executive Officer of OppFi, effective December 31, 2021. Crawley's selection is the culmination of a leadership and succession planning p

As Part of OppFi's Next Phase, Neville Crawley Will Succeed Jared Kaplan as OppFi CEO

Shares of OppFi have been slammed during the tech/growth selloff as well as in a market that has soured on de-SPACed companies.

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OppFi has been a high profile casualty of the deSPAC and fintech sell trade that played out throughout 2021. The company's shares are down 56% from their 52-week high.

News for OppFi Stock (OPFI)