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Jun 30, 2024
OppFi Q2 2024 Earnings Report
OppFi achieved record profitability and revenue, and raised its full-year earnings outlook.
Key Takeaways
OppFi reported record second-quarter results with a 3.1% increase in total revenue to $126.3 million and a 53.1% increase in net income to $27.7 million. The company raised its full-year adjusted EPS guidance by more than 20%.
Total revenue increased 3.1% year over year to $126.3 million, a Company record for a second quarter
Net income increased 53.1% year over year to $27.7 million, a Company record for a second quarter
Adjusted net income increased 56.2% year over year to $24.8 million, a Company record for a second quarter
Net charge-off rate as a percentage of total revenue decreased 370 basis points year over year to 32.5%
Forward Guidance
OppFi raised its full-year adjusted EPS guidance to $0.73-$0.75 and introduced third quarter adjusted EPS guidance of $0.20-$0.22.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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