OppFi Reports Record Third Quarter Results and Raises Full-Year Guidance

OppFi Inc. reported exceptional third quarter 2025 results, with revenue reaching $155.1 million and adjusted net income hitting $40.7 million, significantly exceeding analyst expectations. The financial technology platform specializing in accessible credit solutions demonstrated substantial year-over-year growth across key metrics, prompting the company to raise its full-year guidance.

The company's revenue performance represented a 13.5% increase compared to the same period last year, while adjusted earnings per share rose to $0.46 from $0.33 in the prior-year period. Stonegate Capital Partners noted that OppFi's results exceeded consensus estimates for both revenue and earnings, with the company posting $155.1 million in revenue against consensus expectations of $153.4 million and adjusted EPS of $0.46 compared to consensus estimates of $0.32.

OppFi's net revenue margin expanded to 67.4% for the quarter, reflecting a 70 basis point improvement year-over-year. The adjusted net income margin showed even more significant expansion, increasing 520 basis points to 26.3%. This margin improvement reflects the company's operating discipline and benefits from scale as it continues to grow its lending operations.

The company's lending activity showed strong momentum, with total net originations increasing 12.5% year-over-year to $246.1 million. This growth was driven by stronger consumer demand and credit-model upgrades that enabled larger average loans. Retained net originations grew 8% to $215.2 million, while receivables ended the quarter at $481.0 million, representing a 16% increase from the previous year.

Operational efficiency improvements were evident in the auto-approval rate, which increased to 79% from 77% in the prior-year period. This improvement reflects ongoing enhancements in automation and risk stratification through OppFi's Model 6 platform, which continues to drive operational excellence.

Credit quality showed mixed results, with the net charge-off rate increasing to 35.1% of total revenue, approximately 100 basis points higher than a year ago but significantly improved from 42% in the fourth quarter of 2024. Annualized net charge-offs as a percentage of average receivables increased to 47% from 46% last year, primarily driven by elevated early-summer charge-offs that were partially offset by improved recoveries.

The company's balance sheet remained strong, with $75.2 million in cash and restricted cash, including $45.4 million in unrestricted cash. OppFi maintains a total funding capacity of $600.2 million, including $204.2 million in undrawn debt. Year-to-date free cash flow generation of $66.1 million enabled continued investment in growth initiatives, a $21.7 million special dividend payment in the third quarter, and $7.4 million of share repurchases.

Based on the continued strong performance, OppFi raised the low end of its full-year 2025 revenue guidance to $590–$605 million, up from the previous range of $578–$605 million. The company also increased its adjusted net income guidance to $137–$142 million from $125–$130 million and adjusted EPS guidance to $1.54–$1.60 from $1.39–$1.44. This guidance assumes approximately 89.0 million diluted shares outstanding.

The company's improved financial performance and guidance revision reflect successful execution of its growth strategy while maintaining disciplined risk management. The combination of originations growth, margin expansion, and strong cash flow generation positions OppFi well for continued success in the competitive fintech lending landscape.