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Mar 31
OppFi Q1 2025 Earnings Report
OppFi reported record revenue and adjusted net income in Q1 2025, significantly exceeding its quarterly guidance.
Key Takeaways
OppFi delivered a strong Q1 2025 with record highs in both total revenue and adjusted net income, driven by improved credit performance and operational efficiency.
Total revenue reached a record $140,268,000, up 10.1% year-over-year.
Adjusted net income hit a record $33,817,000, up 285.1% from the previous year.
Reported net income was $20,390,000, despite a net loss attributable to OppFi Inc. of $11,372,000.
Adjusted EPS was $0.38, while GAAP EPS was $(0.48).
OppFi
OppFi
Forward Guidance
OppFi raised its full-year 2025 adjusted net income and EPS guidance based on strong Q1 performance and improved operational metrics.
Positive Outlook
- Raised full-year adjusted net income guidance to $106M–$113M from $95M–$97M
- Increased full-year adjusted EPS guidance to $1.18–$1.26 from $1.06–$1.07
- Maintained full-year revenue guidance of $563M–$594M
- Strong balance sheet with $615.8M in funding capacity
- Lower charge-off rates and higher yield support margin expansion
Challenges Ahead
- Net loss attributable to OppFi Inc. was $(11.4M)
- Diluted GAAP EPS remained negative at $(0.48)
- Receivables declined to $406.6M from $425.2M last quarter
- Decrease in total net originations compared to Q4 2024
- Warrant liability increase impacted net results negatively