OppFi Inc
NYSE:OPFI
OppFi Inc
OppFi, Inc. operates as financial technology platform that powers banks to offer lending products to consumers. The company is headquartered in Chicago, Illinois and currently employs 573 full-time employees. The company went IPO on 2020-09-30. The Company’s products include OppLoans, SalaryTap and OppFi Card. The Company’s OppLoans platform facilitates credit access to consumers, through its bank partners. SalaryTap platform offers payroll-linked credit, which helps organizations to provide credit access to their employees. Its OppFi Card is a same-day access credit card.
OppFi, Inc. operates as financial technology platform that powers banks to offer lending products to consumers. The company is headquartered in Chicago, Illinois and currently employs 573 full-time employees. The company went IPO on 2020-09-30. The Company’s products include OppLoans, SalaryTap and OppFi Card. The Company’s OppLoans platform facilitates credit access to consumers, through its bank partners. SalaryTap platform offers payroll-linked credit, which helps organizations to provide credit access to their employees. Its OppFi Card is a same-day access credit card.
Record Results: OppFi reported record revenue, profitability, originations, and ending receivables for Q3 2025.
Revenue Growth: Revenue rose 14% year-over-year to $155 million, with net originations up 12.5%.
Profitability: Adjusted net income hit a record $41 million, up 41% year-over-year, and GAAP net income rose 137% to $76 million.
Guidance Raised: Full-year guidance was increased for the third time in 2025, with higher ranges for revenue and adjusted net income.
Credit Performance: Despite higher charge-offs in new loan vintages, the company expects annualized charge-offs as a percentage of revenue to decline year-over-year.
Operational Efficiency: Operating expenses as a percentage of revenue improved to 30%, down from 33% last year.
Model & Tech Investments: The rollout of improved credit models and new origination systems (LOLA) is underway, expected to further boost efficiency and growth.
Strong Balance Sheet: The company ended the quarter with $75 million in cash and $600 million in total funding capacity.
