| Earnings (Loss) Per Common Share |
Earnings (Loss) Per Common Share The following table sets forth the computation of basic and diluted earnings (loss) per common share for the years ended December 31, 2025, 2024 and 2023 (in thousands, except share and per share data):
| | | | | | | | | | | | | | | | | | | 2025 | | 2024 | | 2023 | | Numerator: | | | | | | | Net income (loss) attributable to OppFi Inc. | $ | 26,329 | | | $ | 7,258 | | | $ | (1,005) | | | Net income (loss) available to Class A common stockholders - Basic | 26,329 | | | 7,258 | | | (1,005) | | | Net income attributable to noncontrolling interest | — | | | — | | | — | | | Income tax expense | — | | | — | | | — | | | Net income (loss) available to Class A common stockholders - Diluted | $ | 26,329 | | | $ | 7,258 | | | $ | (1,005) | | | Denominator: | | | | | | | Weighted-average Class A common stock outstanding - Basic | 26,506,458 | | 20,145,606 | | 16,391,199 | | Effect of dilutive securities: | | | | | | | Stock options | — | | — | | — | | Restricted stock units | — | | — | | — | | Performance stock units | — | | — | | — | | Warrants | — | | — | | — | | Employee stock purchase plan | — | | — | | — | Retained OppFi Units, excluding Earnout Units (1) | — | | — | | — | | Dilutive potential common shares | — | | — | | — | | Weighted-average units outstanding - diluted | 26,506,458 | | 20,145,606 | | 16,391,199 | | Earnings (loss) per common share: | | | | | | | Basic EPS | $ | 0.99 | | | $ | 0.36 | | | $ | (0.06) | | | Diluted EPS | $ | 0.99 | | | $ | 0.36 | | | $ | (0.06) | | (1) Earnout Units were not earned pursuant to the earnout provisions of the Business Combination Agreement on or prior to July 21, 2024, the three (3) year anniversary of the closing date of the Company’s business combination. Accordingly, on such date the Earnout Units were forfeited. |
The following table presents securities that have been excluded from the calculation of diluted earnings per common share as their effect would have been anti-dilutive for the years ended December 31, 2025, 2024 and 2023:
| | | | | | | | | | | | | | | | | | | 2025 | | 2024 | | 2023 | | Public Warrants | 13,520,246 | | 13,352,317 | | 11,887,500 | | $11.50 Exercise Price Warrants | 906,416 | | 1,074,620 | | 2,539,437 | | $15 Exercise Price Warrants | 912,500 | | 912,500 | | 912,500 | | Stock Options | 1,841,892 | | 1,842,192 | | 1,922,473 | | Restricted stock units | 1,962,157 | | 2,058,992 | | 2,006,596 | | Performance stock units | 34,828 | | 96,060 | | 183,526 | | Employee stock purchase plan units | 7,838 | | 9,857 | | — | | Noncontrolling interest - Earnout Units (1) | — | | | — | | | 25,500,000 | | Noncontrolling interest - Retained OppFi Units | 60,114,665 | | 65,619,358 | | 68,357,926 | | Potential common stock | 79,300,542 | | 84,965,896 | | 113,309,958 | (1) Earnout Units were not earned pursuant to the earnout provisions of the Business Combination Agreement on or prior to July 21, 2024, the three (3) year anniversary of the closing date of the Company’s business combination. Accordingly, on such date the Earnout Units were forfeited. |
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