OppFi (NYSE:OPFI) Posts Earnings Results, Misses Estimates By $0.11 EPS

OppFi (NYSE:OPFI) released its quarterly earnings results on Monday. The company reported $0.33 earnings per share for the quarter, missing the consensus estimate of $0.44 by ($0.11), Zacks reports. OppFi had a return on equity of 39.90% and a net margin of 10.86%.The firm had revenue of $86.17 million for the quarter, compared to analysts’ expectations of $155.89 million. 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 Stock Down 6.7%

OPFI traded down $0.63 during trading on Monday, hitting $8.77. 900,325 shares of the company traded hands, compared to its average volume of 584,416. The firm has a market cap of $748.87 million, a P/E ratio of 9.43 and a beta of 1.77. The stock’s fifty day moving average is $9.09 and its 200 day moving average is $8.89. OppFi has a one year low of $7.36 and a one year high of $12.45.

Analyst Ratings Changes

Several equities research analysts have commented on the stock. Stephens increased their price objective on shares of OppFi from $9.00 to $11.00 and gave the company an “equal weight” rating in a research note on Friday, May 8th. Citigroup restated a “market outperform” rating on shares of OppFi in a research note on Friday, June 26th. Citizens Jmp reduced their target price on OppFi from $16.00 to $15.00 and set a “market outperform” rating for the company in a report on Friday, April 17th. Wall Street Zen downgraded OppFi from a “strong-buy” rating to a “buy” rating in a research report on Saturday. Finally, Zacks Research lowered OppFi from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 28th. Two research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, OppFi presently has an average rating of “Hold” and a consensus price target of $13.00.

Insider Transactions at OppFi

In other OppFi news, Director Christina M. Favilla sold 30,000 shares of OppFi stock in a transaction dated Monday, June 8th. The shares were sold at an average price of $8.14, for a total value of $244,200.00. Following the sale, the director 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 ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 70.20% of the company’s stock.

Institutional Inflows and Outflows

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

About OppFi

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.