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Mar 31, 2022
OppFi Q1 2022 Earnings Report
OppFi's financial performance in Q1 2022 reflected robust customer demand and strategic focus on stronger credit segments, with revenue increasing by 20% year-over-year.
Key Takeaways
OppFi reported a 20% year-over-year increase in revenue to $100.7 million for Q1 2022. Net originations increased by 63% year-over-year to $162.8 million, and ending receivables increased by 38% year-over-year to $338.5 million. The company reported a net loss of $(0.3) million and an adjusted net income of $0.6 million.
Revenue increased 20% year-over-year to $100.7 million.
Net originations increased 63% year-over-year to $162.8 million.
Ending receivables increased 38% year-over-year to $338.5 million.
Net loss of $(0.3) million, with adjusted net income of $0.6 million.
OppFi
OppFi
Forward Guidance
OppFi re-affirms its previously issued full-year 2022 financial guidance.
Positive Outlook
- Total revenue and ending receivables growth of 20% to 25% year over year
- Net revenue margin between 60% and 65%
- Adjusted operating expenses, as percentage of total revenue between 43% and 47%
- Adjusted EBITDA margin between 20% to 25%
- Adjusted net income margin between 8% and 12%