OppFi (OPFI) Q4 2025 earnings summary

Executive summary

• Achieved record-breaking performance in 2025 with total revenue up 13.5% year-over-year and adjusted net income up 69% year-over-year, maintaining a Net Promoter Score of 76–78.

• Delivered strong full-year results, exceeding guidance and Street estimates, attributed to strategic initiatives, operational improvements, and automation.

• Maintained strong profitability and operating efficiency, with 11 consecutive years of positive net income and robust free cash flow generation.

• Continued to serve a large underbanked market, with high customer satisfaction and strong online ratings.

• Ended 2025 with record total originations and receivables, providing momentum for 2026.

Financial highlights

• Q4 2025 revenue reached $159.2 million, a 17.3% increase year-over-year; Q4 adjusted net income rose 27% to $26 million, and GAAP net income increased 175% to $38.4 million.

• Full-year 2025 total revenue was $597.1 million, up 13.5% year-over-year; net income rose 74.4% to $146.2 million, and adjusted net income increased 69.1% to $139.8 million.

• Diluted EPS for 2025 was $0.99, up from $0.36; adjusted EPS reached $1.59, a 66.6% increase.

• Full-year originations grew 12% to $899.3 million, and ending receivables increased 16% to $493.1 million.

• Net charge-offs as a percentage of revenue increased to 45% in Q4, but full-year net charge-offs decreased to 37% from 39%.

Outlook and guidance

• 2026 revenue guidance: $650 million–$675 million, up 9%–13% year-over-year.

• 2026 adjusted net income expected at $153 million–$160 million, up 9%–14% year-over-year.

• Adjusted EPS for 2026 projected at $1.76–$1.84, up 11%–16% from 2025.

• Double-digit top and bottom line growth anticipated for 2026, supported by new credit models and product launches.