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Mar 31, 2023
OppFi Q1 2023 Earnings Report
OppFi exceeded profitability guidance and raised full-year earnings outlook.
Key Takeaways
OppFi reported a strong first quarter in 2023, with total revenue increasing by 20% year-over-year to $120.4 million and net income of $3.9 million. The company's adjusted net income exceeded guidance, driven by improved credit performance and expense leverage. As a result, OppFi is raising its full-year adjusted net income and adjusted earnings per share guidance.
Total revenue increased 20% year over year to $120.4 million.
Net income reached $3.9 million.
Adjusted net income was $4.4 million.
Adjusted EPS was $0.05.
Forward Guidance
OppFi affirmed total revenue guidance of $500 million to $520 million, raised adjusted net income guidance to $24 million to $30 million, and increased adjusted earnings per share guidance to $0.28 to $0.35.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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