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 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)---- $OPFI #FinancialInclusion--OppFi Inc. (NYSE: OPFI) today released its 2020 Social Impact Report as part of the company's ongoing efforts to measure the financial impact of products and services on the OppFi platform. This inaugural report showcases 2020 data outlining the company's social impact as a result of the products and services it facilitates through its platform with its partner banks to the millions of consumers who are locked out of traditional financial options. “Our mission to expan

OppFi Releases Inaugural Social Impact Report

OppFi Inc. (OPFI) CEO Jared Kaplan on Q2 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 Opportunity Financial, LLC for the second quarter ended June 30, 2021, achieved prior to the completion of the business combination with FG New America Acquisition Corp. on July 20, 2021. “We are pleased with our results for the second quarter. Originations rebounded sign

OppFi Reports Second Quarter 2021 Financial Results

FG New America Acquisition Corp.

Finalizes Divestiture of 50% Ownership in CWA MOORESVILLE, NC / ACCESSWIRE / August 10, 2021 / Fundamental Global®, a private partnership focused on long-term strategic holdings, announced the closing of its first SPAC transaction for FG New America Acquisition Corp (NYSE:FGNA) with OppFi Inc. (NYSE:OPFI), a leading financial technology platform that powers banks to help everyday consumers gain access to credit. Former Chairman and CEO of TD Ameritrade and Fundamental Global® Chairman Joe Moglia said, "We continue to be very impressed by the significant growth the OppFi team has achieved.

Fundamental Global(R) Closes First SPAC Transaction with OppFi Inc. (NYSE:OPFI) | Launches Growth Strategy Focused on Special Situation Holdings

The Chicago-headquartered fintech platform OppFi Inc. (NYSE: OPFI) has named Neville Crawley as its president. What Happened: Crawley was formerly CEO of Kiva, a global nonprofit fintech platform that enables people to provide microloans to low-income entrepreneurs and students in 77 countries.

Former Kiva CEO Neville Crawley Joins Fintech OppFi As President

CHICAGO--(BUSINESS WIRE)---- $OPFI #financialinclusion--OppFi Inc. (NYSE: OPFI) (“OppFi”), a leading financial technology platform that powers banks to help the everyday consumer gain access to credit, announced that Neville Crawley, former CEO of the global fintech platform Kiva, has joined OppFi as President, reporting to OppFi CEO Jared Kaplan. “Our strategy to facilitate credit access, credit improvement, and savings requires exceptional talent,” said Jared Kaplan, CEO of OppFi, “so I am thrilled that Neville has joined

Fintech Leader Neville Crawley Joins OppFi as President

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 the second quarter ended June 30, 2021 after the market close on Tuesday, August 10, 2021. Conference call and Webcast Management will host a webcast and conference call on Tuesday, August 10, 2021 at 5:30 pm ET to discuss the Company's financial results for the second qu

OppFi Announces Second Quarter 2021 Earnings Conference Call Details

CHICAGO--(BUSINESS WIRE)---- $OPFI--OppFi Inc. (NYSE: OPFI) (“OppFi”), a leading financial technology platform that powers banks to help the everyday consumer gain access to credit, announced it will celebrate its listing on the New York Stock Exchange by participating in the Exchange's Closing Bell Ceremony on July 27, 2021. Participants in the event will include OppFi's executive leadership team and members of the company's Board of Directors, who took office following the closing of the company's busi

OppFi Board of Directors Will Bring Diverse Experience in Driving Growth, Innovation, and Customer-Centric Excellence

Opportunity Financial, LLC and FG New America Acquisition Corp. have joined forces. The combined new company, now officially known as OppFi, Inc., began trading on the New York Stock Exchange under the ticker symbols OPFI (Class A common stock) and OPFI (warrants) on Wednesday (July 21).

OppFi Combines With SPAC; Begins Trading On NYSE

OppFi is the definition of a compounder. Customer satisfaction makes the company unrivaled and the competitive positioning will improve as the company scales up.

OppFi Has Characteristics Of A Multibagger

Shares of OppFi rose in its market debut Wednesday after the company completed its SPAC merger.

Fintech OppFi goes public as CEO looks to alleviate America's emergency savings drought

News for OppFi Stock (OPFI)