Quarterly ResultMay 7, 2026, 07:17 AM
OppFi Q1 Revenue $151.9M, Net Income +165%; New $40M Buyback
AI Summary
OppFi Inc. reported record first-quarter 2026 total revenue of $151.9 million, an 8.3% increase year-over-year. Net income surged by 165.0% to $54.0 million, while adjusted net income decreased by 11.2% to $30.0 million. Concurrently, the Board of Directors approved a new share repurchase program authorizing up to $40 million of Class A Common Stock, replacing the prior program.
Key Highlights
- Board approved a new $40 million share repurchase program, replacing the prior one.
- Total revenue increased 8.3% year-over-year to a record $151.9 million.
- Net income rose 165.0% year-over-year to $54.0 million.
- Adjusted net income decreased 11.2% year-over-year to $30.0 million.
- Ending receivables increased 9.4% year-over-year to $444.9 million.
- Net charge-offs as a percentage of total revenue increased to 42.5% from 34.6% year-over-year.
- Had $63.9 million in unrestricted cash and $240.7 million of unused debt capacity as of March 31, 2026.