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Dec 31, 2023
OppFi Q4 2023 Earnings Report
OppFi exceeded earnings guidance and provided outlook for continued profitable growth in 2024.
Key Takeaways
OppFi reported a 10.7% year-over-year increase in total revenue for Q4 2023, reaching $132.9 million. Net income for the quarter was $1.9 million, and adjusted net income was $8.9 million. The annualized net charge-off rate as a percentage of total revenue improved by 12.9 percentage points year-over-year to 46.4%.
Total revenue increased 10.7% year over year to $132.9 million for fourth quarter of 2023
Net income of $1.9 million for fourth quarter of 2023
Adjusted net income of $8.9 million for fourth quarter of 2023
Annualized net charge o rate as a percentage of total revenue improved by 12.9 percentage points year over year to 46.4% for fourth quarter of 2023
Forward Guidance
OppFi provided full-year 2024 guidance with total revenue expected to be between $510 million and $530 million and adjusted net income between $46 million and $49 million. Adjusted EPS is expected to be between $0.53 and $0.57.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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