OppFi (OPFI) Q1 2025 earnings summary

Executive summary

• Achieved record quarterly revenue of $140.3 million, up 10.1% year-over-year, and record adjusted net income of $33.8 million, up 285% year-over-year.

• Net income rose to $20.4 million, up $10.3 million year-over-year, with net income margin increasing 650 bps to 14.5%.

• Adjusted EPS increased to $0.38 from $0.10, a 277% rise year-over-year.

• Operating efficiency and prudent expense management drove a significant reduction in total expenses as a percentage of revenue.

• CEO highlighted disciplined growth, improved credit modeling, and operational efficiency as drivers of performance.

Financial highlights

• Total revenue reached $140.3 million, up 10.1% year-over-year, with net originations up 16% to $189 million.

• Net revenue rose 43.7% to $90.8 million, driven by higher yield and improved charge-off rate.

• Adjusted net income margin expanded by 1,720 bps to 24.1% year-over-year.

• Net charge-off rate as a percentage of total revenue decreased 1,330 bps year-over-year to 34.6%.

• Income from operations surged to $42.5 million from $5.3 million year-over-year.

Outlook and guidance

• Full-year 2025 total revenue guidance affirmed at $563–$594 million, a 7–13% increase over 2024.

• Adjusted net income guidance raised to $106–$113 million, up from $95–$97 million.

• Adjusted EPS guidance increased to $1.18–$1.26, up from $1.06–$1.07.

• Management expects liquidity needs to be met for at least the next 12 months through unrestricted cash, undrawn debt, and operating income.

• Expect continued strong revenue momentum and profitable growth into 2026.