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Sep 30, 2021

OppFi Q3 2021 Earnings Report

OppFi's financial performance for Q3 2021 was reported, featuring a 47% increase in revenue and a 25% rise in adjusted revenue year-over-year.

Key Takeaways

OppFi reported strong Q3 2021 results, with revenue up 47% and adjusted revenue up 25% year-over-year. Net originations reached a record $165 million, and net income was $30.4 million.

Revenue increased by 47% year over year.

Adjusted revenue increased by 25% year over year.

Net originations increased by 25% year over year to a record $165 million.

Net income was reported at $30.4 million.

Total Revenue
$92M
EPS
$0.21
Auto-approval rate
58%
Net charge-offs vs revenue
36%
Cash and Equivalents
$56.8M
Total Assets
$441M

OppFi

OppFi

Forward Guidance

The company is reiterating its expected full year 2021 financial outlook: • Revenue between $350 and $360 million • Adjusted EBITDA between $120 million to $125 million(1) • Adjusted Net Income between $62 million and $66 million