OppFi (NYSE:OPFI) Issues Earnings Results, Misses Expectations By $0.11 EPS

Key Points

• OppFi missed quarterly expectations: EPS was $0.33 versus the $0.44 consensus, while revenue of $86.17 million fell well short of the $155.89 million estimate.
• Full-year 2026 guidance was reduced to adjusted EPS of $1.34–$1.51, reflecting lower-than-expected originations and delays to growth initiatives. Q2 originations declined 9% year over year, while net charge-offs increased to approximately 52% of receivables.
• OppFi plans to launch its line-of-credit product in September across three new markets and remains focused on its LOLA technology platform and proposed BNC National Bank acquisition to support future growth.

OppFi (NYSE:OPFI - Get Free Report) posted its quarterly earnings results on Monday. The company reported $0.33 earnings per share for the quarter, missing analysts' consensus estimates of $0.44 by ($0.11), Zacks reports. The firm had revenue of $86.17 million for the quarter, compared to analyst estimates of $155.89 million. OppFi had a return on equity of 39.90% and a net margin of 10.86%. OppFi updated its FY 2026 guidance to 1.340-1.510 EPS.

Here are the key takeaways from OppFi's conference call:

• 2026 guidance was reduced to revenue of $600 million–$625 million, adjusted net income of $115 million–$130 million, and adjusted EPS of $1.34–$1.51, following lower-than-expected originations and delays to growth initiatives.
• Q2 originations fell approximately 9% year over year to $212 million, while net charge-offs rose to about 52% of receivables from 43% a year earlier. Management attributed some of the increase to slower portfolio growth and highlighted improved recoveries, but said it tightened underwriting in lower-return segments.
• OppFi expects to launch its line-of-credit product in September, initially across three new geographies, after testing pricing, terms, conversion, and customer behavior. Management believes the product’s flexible draws and longer repayment structure can improve affordability and drive growth among new and existing customers.
• The LOLA modular technology platform is expected to accelerate product development and improve automation, servicing, and application-to-funding times. Management said the platform enabled the line-of-credit product to be developed in under six months and targets a 70% reduction in development cycle times over the next year.
• OppFi submitted regulatory applications for its proposed BNC National Bank acquisition and continues to target closing in Q4 2026. The company expects the combination to support geographic expansion, cross-selling, and significant revenue synergies beginning in 2027, while it also began repurchasing shares under its $40 million authorization.

OppFi Trading Down 6.7%

Shares of OPFI traded down $0.63 on Monday, reaching $8.77. The company's stock had a trading volume of 900,325 shares, compared to its average volume of 584,416. OppFi has a twelve month low of $7.36 and a twelve month high of $12.45. The stock has a market capitalization of $748.87 million, a PE ratio of 9.43 and a beta of 1.77. The firm has a fifty day moving average of $9.09 and a 200-day moving average of $8.89.

Insider Transactions at OppFi

In other OppFi news, Director Christina M. Favilla sold 30,000 shares of the business's stock in a transaction that occurred on Monday, June 8th. The stock was sold at an average price of $8.14, for a total transaction of $244,200.00. Following the completion of the sale, the director directly owned 156,737 shares of the company's stock, valued at approximately $1,275,839.18. The trade was a 16.07% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 70.20% of the company's stock.

Institutional Trading of OppFi

Several institutional investors and hedge funds have recently modified their holdings of the stock. Price T Rowe Associates Inc. MD boosted its position in shares of OppFi by 22.6% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 14,889 shares of the company's stock valued at $156,000 after buying an additional 2,741 shares during the last quarter. Campbell & CO Investment Adviser LLC purchased a new stake in OppFi in the 4th quarter valued at $136,000. Tcfg Wealth Management LLC raised its position in OppFi by 40.6% in the 3rd quarter. Tcfg Wealth Management LLC now owns 14,974 shares of the company's stock valued at $170,000 after buying an additional 4,325 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in OppFi by 17.9% during the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,282 shares of the company's stock valued at $186,000 after acquiring an additional 2,013 shares in the last quarter. Finally, Federated Hermes Inc. lifted its stake in OppFi by 6,103.9% during the 2nd quarter. Federated Hermes Inc. now owns 14,331 shares of the company's stock valued at $200,000 after acquiring an additional 14,100 shares in the last quarter. 7.10% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have commented on OPFI shares. Citigroup reissued a "market outperform" rating on shares of OppFi in a research note on Friday, June 26th. Wall Street Zen lowered OppFi from a "strong-buy" rating to a "buy" rating in a research report on Saturday. Citizens Jmp cut their target price on OppFi from $16.00 to $15.00 and set a "market outperform" rating on the stock in a report on Friday, April 17th. Zacks Research downgraded shares of OppFi from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, July 28th. Finally, Stephens lifted their price target on shares of OppFi from $9.00 to $11.00 and gave the company an "equal weight" rating in a research report on Friday, May 8th. Two equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $13.00.

OppFi Company Profile

OppFi NYSE: OPFI is a financial technology company that provides digital lending and credit solutions designed to meet the needs of near-prime consumers in the United States. Through its technology-driven platform, OppFi offers unsecured installment loans under the OppLoans brand, allowing borrowers to access credit online or via mobile devices. The company leverages proprietary data analytics and machine learning models to assess credit risk, streamline underwriting processes and deliver personalized loan products with transparent terms.

Headquartered in Chicago, Illinois, OppFi was founded in 2013 with a mission to increase financial inclusion for underserved and underbanked populations.

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