v3.25.4
Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2025
Dec. 31, 2024
Assets    
Cash [1] $ 49,451 $ 61,344
Restricted cash [1] 43,812 26,944
Total cash and restricted cash 93,263 88,288
Finance receivables at fair value [1] 546,236 473,696
Settlement receivable [1] 0 2,036
Equity method investment 19,076 19,194
Debt issuance costs, net [1] 5,034 2,730
Property, equipment and software, net 27,628 13,676
Operating lease right-of-use assets 8,834 10,583
Deferred tax asset 32,647 21,340
Other assets [1] 21,372 9,628
Total assets 754,090 641,171
Liabilities:    
Accounts payable [1] 2,773 879
Accrued expenses [1] 43,398 32,411
Operating lease liabilities 11,424 13,294
Senior debt, net [1] 321,353 318,758
Warrant liabilities 26,455 15,108
Tax receivable agreement liability 39,811 26,508
Total liabilities 445,214 406,958
Commitments and contingencies (Note 13)
Stockholders’ equity:    
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
Additional paid-in capital 113,508 93,903
Accumulated deficit (33,505) (55,127)
Treasury stock, at cost (3,280,573 and 1,738,624 shares as of December 31, 2025 and 2024, respectively) (21,528) (6,011)
Total OppFi Inc.’s stockholders’ equity 58,484 32,774
Noncontrolling interest 250,392 201,439
Total stockholders’ equity 308,876 234,213
Total liabilities and stockholders’ equity 754,090 641,171
Variable Interest Entity, Primary Beneficiary    
Assets    
Cash 242 235
Restricted cash 30,097 16,872
Total cash and restricted cash 30,339 17,107
Finance receivables at fair value 462,656 416,859
Settlement receivable 0 2,036
Debt issuance costs, net 5,034 2,730
Other assets 61 11
Total assets 498,090 438,743
Liabilities:    
Accrued expenses 3,373 3,191
Senior debt, net 321,353 288,828
Total liabilities 324,726 292,019
Class A Common Stock    
Stockholders’ equity:    
Common stock, value, issued 3 2
Class B Common Stock    
Stockholders’ equity:    
Common stock, value, issued 0 0
Class V Voting Stock    
Stockholders’ equity:    
Common stock, value, issued $ 6 $ 7
[1]
(1) Includes amounts in consolidated variable interest entities (“VIEs”) presented separately in the table below.