OppFi Inc. (OPFI) financial statements: income statement, balance sheet and cash flow

OppFi Inc.'s income statement, balance sheet and cash flow statement as filed with the SEC (10-K and 10-Q), with the latest fiscal years and quarters. In its latest fiscal year (Dec 31, 2025 · FY), OppFi Inc. reported revenue of $381.2M (+18.6% year on year) and net income of $146.2M (+74.4% year on year).

Income statement

OppFi Inc. income statement, fiscal years

Line item	Dec 31, 2025 · FY	Dec 31, 2024 · FY	Dec 31, 2023 · FY	Dec 31, 2022 · FY
Interest on finance receivables	$591.8M	$521.2M	$505.4M	$451.4M
Other revenue	$5.3M	$4.7M	$3.5M	$1.4M
Interest and other income	$597.0M	$526.0M	$508.9M	$452.9M
Change in fair value of finance receivables	($215.9M)	($204.4M)	($231.4M)	($234.0M)
Provision for credit losses on finance receivables	$0	($42.0K)	($4.3M)	($1.9M)
Net revenue	$381.2M	$321.5M	$273.2M	$217.0M
Salaries and employee benefits	$60.7M	$60.5M	$60.7M	$60.0M
Direct marketing costs	$50.9M	$49.2M	$50.6M	$58.3M
Interest expense and amortized debt issuance costs	$39.4M	$44.7M	$46.8M	$35.2M
Professional fees	$20.1M	$21.6M	$18.0M	$12.9M
Technology costs	$12.4M	$12.2M	$12.5M	$13.1M
Payment processing fees	$6.6M	$7.1M	$10.4M	$10.4M
Depreciation and amortization	$5.2M	$9.6M	$12.7M	$13.6M
Occupancy	$4.1M	$4.0M	$4.4M	$4.4M
Exit costs, net	($1.4M)	$3.0M	—	—
Lower of cost or market adjustment on transfer of finance receivables from held for sale to held for investment	$0	$0	($3.0M)	—
General, administrative and other	$16.6M	$15.1M	$13.6M	$11.9M
Total expenses	$214.5M	$226.9M	$226.8M	$223.3M
Income from operations	$166.7M	$94.5M	$46.4M	($6.3M)
Change in fair value of warrant liabilities	($11.3M)	($8.2M)	($5.0M)	$9.4M
Income from equity method investment	$5.0M	$1.4M	—	—
Other (expense) income, net	($4.2M)	—	—	—
Income before income taxes	$156.1M	$88.1M	$41.8M	$3.1M
Income tax expense	$9.9M	$4.2M	$2.3M	($277.0K)
Net income	$146.2M	$83.8M	$39.5M	$3.3M
Less: net income attributable to noncontrolling interest	$119.9M	$76.6M	$40.5M	($3.8M)
Net income (loss) attributable to OppFi Inc.	$26.3M	$7.3M	($1.0M)	$7.1M
Basic (in dollars per share)	$0.99	$0.36	-$0.06	$0.51
Diluted (in dollars per share)	$0.99	$0.36	-$0.06	$0.05
Basic (in shares)	26.5M	20.1M	16.4M	13.9M
Diluted (in shares)	26.5M	20.1M	16.4M	84.3M

OppFi Inc. income statement, quarters

Line item	Jun 30, 2026 · Q2	Mar 31, 2026 · Q1	Sep 30, 2025 · Q3	Jun 30, 2025 · Q2
Interest on finance receivables	$143.7M	$150.5M	$153.7M	$141.1M
Other revenue	$1.4M	$1.4M	$1.4M	$1.3M
Interest and other income	$145.2M	$151.9M	$155.1M	$142.4M
Change in fair value of finance receivables	($59.0M)	($64.6M)	($50.5M)	($42.2M)
Net revenue	$86.2M	$87.3M	$104.6M	$100.2M
Salaries and employee benefits	$16.3M	$14.3M	$14.5M	$17.8M
Direct marketing costs	$11.4M	$10.4M	$14.5M	$11.9M
Professional fees	$13.6M	$7.3M	$6.1M	$4.8M
Interest expense and amortized debt issuance costs	$8.1M	$8.5M	$10.1M	$9.6M
Technology costs	$3.5M	$3.3M	$3.1M	$3.4M
Payment processing fees	$1.6M	$1.7M	$1.7M	$1.5M
Depreciation and amortization	$1.5M	$591.0K	$1.1M	$1.5M
Occupancy	$987.0K	$871.0K	$1.0M	$1.0M
General, administrative and other	$4.7M	$5.1M	$3.9M	$3.9M
Total expenses	$61.8M	$51.9M	$56.1M	$55.4M
Income from operations	$24.4M	$35.4M	$48.4M	$44.8M
Change in fair value of warrant liabilities	$201.0K	$21.3M	$31.7M	($33.3M)
Income from equity method investment	$813.0K	$1.1M	$1.4M	$1.1M
Other income	$87.0K	$232.0K	$82.0K	$79.0K
Income before income taxes	$25.5M	$58.0M	$81.6M	$12.7M
Income tax expense	$9.8M	$4.0M	$5.6M	$1.2M
Net income	$15.6M	$54.0M	$75.9M	$11.5M
Less: net income attributable to noncontrolling interest	$770.0K	$25.6M	$34.3M	$32.3M
Net income (loss) attributable to OppFi Inc.	$14.8M	$28.4M	$41.6M	($20.8M)
Basic (in dollars per share)	$0.22	$1.06	$1.48	-$0.78
Diluted (in dollars per share)	$0.18	$0.56	$0.77	-$0.78
Basic (in shares)	67.5M	26.8M	28.2M	26.6M
Diluted (in shares)	86.0M	86.2M	88.2M	26.6M

Balance sheet

OppFi Inc. balance sheet, fiscal years

Line item	Dec 31, 2025 · FY	Dec 31, 2024 · FY	Dec 31, 2023 · FY	Dec 31, 2022 · FY
Cash	$49.5M	$61.3M	$31.8M	$16.2M
Restricted cash	$43.8M	$26.9M	$42.2M	$33.4M
Total cash and restricted cash	$93.3M	$88.3M	$73.9M	$49.7M
Finance receivables at fair value	$546.2M	$473.7M	$463.3M	$457.3M
Settlement receivable	$0	$2.0M	$1.9M	$2.0M
Equity method investment	$19.1M	$19.2M	—	—
Debt issuance costs, net	$5.0M	$2.7M	$3.8M	$4.0M
Property, equipment and software, net	$27.6M	$13.7M	$10.3M	$14.0M
Operating lease right-of-use assets	$8.8M	$10.6M	$12.2M	$13.6M
Deferred tax asset	$32.6M	$21.3M	$25.8M	$26.8M
Other assets	$21.4M	$9.6M	$10.2M	$11.2M
Total assets	$754.1M	$641.2M	$601.5M	$579.8M
Accounts payable	$2.8M	$879.0K	$4.4M	$6.3M
Accrued expenses	$43.4M	$32.4M	$22.0M	$23.2M
Operating lease liabilities	$11.4M	$13.3M	$15.1M	$16.6M
Senior debt, net	$321.4M	$318.8M	$332.7M	$344.7M
Warrant liabilities	$26.5M	$15.1M	$6.9M	$1.9M
Tax receivable agreement liability	$39.8M	$26.5M	$25.0M	$25.6M
Total liabilities	$445.2M	$407.0M	$407.5M	$420.7M
Preferred stock, $0.0001 par value (1,000,000 shares authorized with no shares issued and outstanding as of December 31, 2025 and 2024)	0	0	0	0
Common stock, value, issued	$9.0K	$9.0K	$11.0K	$11.0K
Additional paid-in capital	$113.5M	$93.9M	$76.5M	$65.5M
Accumulated deficit	($33.5M)	($55.1M)	($63.6M)	($63.5M)
Treasury stock, at cost (3,280,573 and 1,738,624 shares as of December 31, 2025 and 2024, respectively)	-21.5M	-6.0M	-2.5M	-2.5M
Total OppFi Inc.’s stockholders’ equity	$58.5M	$32.8M	$10.4M	($494.0K)
Noncontrolling interest	$250.4M	$201.4M	$183.6M	$159.6M
Total stockholders’ equity	$308.9M	$234.2M	$194.0M	$159.2M
Total liabilities and stockholders’ equity	$754.1M	$641.2M	$601.5M	$579.8M

OppFi Inc. balance sheet, quarters

Line item	Jun 30, 2026	Mar 31, 2026	Sep 30, 2025	Jun 30, 2025
Cash	$64.3M	$63.9M	$45.5M	$45.2M
Restricted cash	$27.5M	$36.1M	$29.7M	$33.0M
Total cash and restricted cash	$91.8M	$99.9M	$75.2M	$78.3M
Finance receivables at fair value	$496.3M	$502.6M	$541.9M	$491.5M
Equity method investment	$20.0M	$19.1M	$18.9M	$18.6M
Debt issuance costs, net	$3.9M	$4.5M	$5.2M	$4.3M
Property, equipment and software, net	$35.3M	$32.2M	$23.5M	$19.4M
Operating lease right-of-use assets	$8.0M	$8.4M	$9.2M	$9.6M
Deferred tax asset	$102.4M	$31.5M	$32.2M	$33.9M
Other assets	$13.0M	$21.8M	$14.5M	$13.7M
Total assets	$770.7M	$720.0M	$720.6M	$673.4M
Accounts payable	$1.1M	$1.8M	$3.1M	$2.7M
Accrued expenses	$43.1M	$39.8M	$30.5M	$27.1M
Tax receivable agreement liability	$20.4M	$35.0M	$38.7M	$37.5M
Operating lease liabilities	$10.4M	$10.9M	$11.9M	$12.4M
Senior debt	$276.5M	$284.3M	$320.8M	$305.9M
Warrant liabilities	$5.0M	$5.2M	$38.3M	$70.0M
Total liabilities	$356.5M	$377.0M	$443.4M	$455.7M
Preferred stock, $0.0001 par value (1,000,000 shares authorized with no shares issued and outstanding as of June 30, 2026 and December 31, 2025)	0	0	0	0
Common stock, value, issued	$9.0K	$9.0K	$9.0K	$9.0K
Additional paid-in capital	$437.2M	$112.3M	$112.6M	$110.9M
Retained earnings (accumulated deficit)	$9.7M	($5.2M)	($49.8M)	($91.5M)
Treasury stock, at cost (4,461,679 and 3,280,573 shares as of June 30, 2026 and December 31, 2025, respectively)	-32.7M	-31.5M	-13.4M	-6.0M
Total OppFi Inc.’s stockholders’ equity	$414.3M	$75.7M	$49.4M	$13.4M
Noncontrolling interest	$0	$267.3M	$227.8M	$204.4M
Total stockholders’ equity	$414.3M	$343.0M	$277.3M	$217.7M
Total liabilities and stockholders’ equity	$770.7M	$720.0M	$720.6M	$673.4M

Cash flow statement

OppFi Inc. cash flow statement, fiscal years

Line item	Dec 31, 2025 · FY	Dec 31, 2024 · FY	Dec 31, 2023 · FY	Dec 31, 2022 · FY
Net income	$146.2M	$83.8M	$39.5M	$3.3M
Change in fair value of finance receivables	$215.9M	$204.4M	$231.4M	$234.0M
Provision for credit losses on finance receivables	$0	$42.0K	$4.3M	$1.9M
Depreciation and amortization	$5.2M	$9.6M	$12.7M	$13.6M
Debt issuance cost amortization	$3.2M	$2.4M	$2.4M	$2.4M
Stock-based compensation expense	$10.0M	$5.3M	$4.1M	$3.4M
Loss on disposition of equipment	$2.0K	$5.0K	$3.0K	$1.0K
Lower of cost or market adjustment on transfer of finance receivables from held for sale to held for investment	$0	$0	($3.0M)	—
Impairment of right of use asset	$155.0K	$0	$0	$465.0K
Tax receivable agreement liability adjustment	$1.2M	$75.0K	$163.0K	($36.0K)
Deferred income taxes	$4.9M	$3.4M	$1.7M	($553.0K)
Change in fair value of warrant liabilities	$11.3M	$8.2M	$5.0M	($9.4M)
Gain on forgiveness of debt	$0	$0	($113.0K)	—
Income from equity method investment	($5.0M)	($1.4M)	—	—
Distributions received from equity method investment	$5.1M	$1.1M	—	—
Noncash litigation expense	$4.5M	—	—	—
Accrued interest receivable	$283.0K	($285.0K)	($2.3M)	($5.1M)
Settlement receivable	$2.0M	($132.0K)	$96.0K	($2.0M)
Operating lease, net	($276.0K)	($170.0K)	($90.0K)	($7.0K)
Other assets	($3.2M)	$555.0K	$3.5M	$2.5M
Accounts payable	$1.9M	($3.6M)	($1.9M)	$238.0K
Accrued expenses	($2.0M)	$10.4M	($1.4M)	($4.9M)
Net cash provided by operating activities	$401.3M	$323.8M	$296.1M	$243.3M
Finance receivables acquired and originated	($1.3B)	($732.0M)	($721.3M)	($738.4M)
Finance receivables repayments	$989.3M	$517.6M	$486.0M	$434.4M
Purchases of equipment and capitalized technology	($19.1M)	($13.0M)	($9.0M)	($13.3M)
Acquisition of equity method investment	$0	($16.0M)	—	—
Net cash used in investing activities	($307.8M)	($243.4M)	($244.3M)	($317.2M)
Member distributions	($58.5M)	($42.4M)	($10.2M)	($1.3M)
Payments of secured borrowing payable	$0	$0	($643.0K)	($21.7M)
Borrowings of senior debt - revolving lines of credit	$253.3M	—	—	—
Payments of senior debt - revolving lines of credit	($220.7M)	—	—	—
Payments of senior debt - term loan	($30.0M)	($20.0M)	—	—
Payments of notes payable	$0	($1.4M)	($2.6M)	($1.6M)
Payments for debt issuance costs	($5.4M)	($828.0K)	($1.7M)	($4.5M)
Proceeds from employee stock purchase plan	$423.0K	$294.0K	$328.0K	$125.0K
Exercise of warrants	$5.0K	—	—	—
Exercise of stock options	$1.0K	$0	$59.0K	—
Payments of tax withholdings on vesting of restricted stock units	($4.6M)	($1.3M)	($280.0K)	—
Payments on tax receivable agreement liability	($1.0M)	—	—	—
Purchase of treasury stock	($15.5M)	($3.6M)	$0	($2.5M)
Dividend paid on common stock	($6.4M)	($2.4M)	—	—
Net cash used in financing activities	($88.5M)	($66.0M)	($27.6M)	$61.3M
Net increase in cash and restricted cash	$5.0M	$14.3M	$24.3M	($12.7M)
Beginning	$88.3M	$73.9M	$49.7M	$62.4M

OppFi Inc. cash flow statement, quarters

Line item	Jun 30, 2026 · YTD	Mar 31, 2026 · Q1	Sep 30, 2025 · YTD	Jun 30, 2025 · YTD
Net income	$69.7M	$54.0M	$107.8M	$31.9M
Change in fair value of finance receivables	$123.6M	$64.6M	$142.2M	$91.7M
Depreciation and amortization	$2.1M	$591.0K	$4.4M	$3.3M
Debt issuance cost amortization	$1.3M	$605.0K	$2.6M	$1.7M
Stock-based compensation expense	$4.7M	$1.7M	$8.3M	$6.4M
Loss on disposition of equipment	$0	$0	$2.0K	$2.0K
Impairment of right of use asset	$0	$0	$155.0K	$155.0K
Deferred income taxes	$2.6M	$467.0K	$4.4M	$1.3M
Tax receivable agreement liability adjustment	($146.0K)	($146.0K)	$94.0K	$47.0K
Change in fair value of warrant liabilities	($21.5M)	($21.3M)	$23.2M	$54.9M
Income from equity method investment	($1.9M)	($1.1M)	($3.6M)	($2.2M)
Distributions received from equity method investment	$1.1M	$1.1M	$3.9M	$2.8M
Accrued interest receivable	($4.9M)	($4.6M)	($6.2M)	($2.9M)
Settlement receivable	$0	$0	$2.0M	($2.0M)
Operating lease, net	($171.0K)	($85.0K)	($192.0K)	($120.0K)
Other assets	$8.4M	($402.0K)	($4.9M)	($4.0M)
Accounts payable	($1.6M)	($929.0K)	$2.2M	$1.9M
Accrued expenses	($294.0K)	($3.6M)	($1.9M)	($5.3M)
Net cash provided by operating activities	$182.8M	$90.8M	$284.5M	$179.4M
Finance receivables acquired	($555.5M)	($226.1M)	($587.3M)	($367.7M)
Finance receivables repayments	$486.7M	$209.8M	$383.1M	$261.2M
Purchases of equipment and capitalized technology	($9.8M)	($5.1M)	($14.2M)	($9.0M)
Net cash used in investing activities	($78.5M)	($21.4M)	($218.4M)	($115.6M)
Member distributions	($22.8M)	($10.4M)	($58.3M)	($47.9M)
Borrowings of senior debt - revolving lines of credit	$91.5M	$44.6M	$195.9M	—
Payments of senior debt - revolving lines of credit	($136.4M)	($81.7M)	($163.9M)	—
Payments of senior debt - term loan	$0	$0	($30.0M)	($30.0M)
Payments for debt issuance costs	($203.0K)	($61.0K)	($4.9M)	($3.2M)
Proceeds from employee stock purchase plan	$253.0K	$253.0K	$423.0K	$91.0K
Exercise of warrants	$0	$0	$4.0K	$4.0K
Exercise of stock options	$0	—	$1.0K	$1.0K
Payments of tax withholding on vesting of restricted stock units	($1.9M)	($877.0K)	($3.6M)	($2.5M)
Payments on tax receivable agreement liability	($25.0M)	($4.6M)	($1.0M)	($1.0M)
Purchase of treasury stock	($11.2M)	($9.9M)	($7.4M)	$0
Dividend paid on common stock	$0	—	($6.4M)	($6.4M)
Net cash used in financing activities	($105.7M)	($62.7M)	($79.2M)	($73.8M)
Net decrease in cash and restricted cash	($1.4M)	$6.7M	($13.1M)	($10.0M)
Beginning	$93.3M	$93.3M	$88.3M	$88.3M
Ending	$91.8M	$99.9M	$75.2M	$78.3M
Interest paid on borrowed funds	$15.4M	$8.2M	$28.0M	$18.1M
Income taxes paid	$1.9M	$19.0K	$4.8M	$3.7M
Adjustments to additional paid-in capital as a result of tax receivable agreement	($21.0K)	($15.0K)	($10.3M)	($9.4M)
Adjustments to additional paid-in capital as a result of adjustment to deferred tax asset	$7.7M	($649.0K)	$12.5M	$11.4M
Adjustments to additional paid-in capital as a result of the Up-C collapse	$255.0M	—	—	—
Adjustments to additional paid-in capital as a result of tax receivable agreement settlement	$58.9M	—	—	—

OppFi Inc. score and earnings-call analysis · All covered companies

Figures as reported in SEC filings. General information, not investment advice.