Quarterly ResultMay 7, 2026, 05:27 PM
OppFi Q1 Net Income $28.4M; Basic EPS $1.06
AI Summary
OppFi Inc. reported a net income attributable to OppFi Inc. of $28.4 million for the first quarter of 2026, a significant improvement from a net loss of $11.4 million in the prior year. Basic earnings per share turned positive to $1.06, up from a loss of $0.48. Net revenue for the quarter decreased slightly to $87.3 million from $90.8 million year-over-year. The company also repurchased 1,040,699 shares of Class A Common Stock for $9.9 million during the quarter.
Key Highlights
- Net income attributable to OppFi Inc. was $28.4 million for Q1 2026, up from a $(11.4) million loss in Q1 2025.
- Basic earnings per share was $1.06 for Q1 2026, compared to $(0.48) in Q1 2025.
- Diluted earnings per share was $0.56 for Q1 2026, compared to $(0.48) in Q1 2025.
- Net revenue for Q1 2026 was $87.3 million, a decrease from $90.8 million in Q1 2025.
- Finance receivables at fair value decreased to $502.6 million as of March 31, 2026, from $546.2 million at year-end 2025.
- The company recognized a $21.3 million income from the change in fair value of warrant liabilities in Q1 2026.
- OppFi repurchased 1,040,699 shares of Class A Common Stock for $9.9 million in Q1 2026.
- Total cash and restricted cash increased to $99.9 million as of March 31, 2026, from $93.3 million at year-end 2025.