v3.25.4
Borrowings (Tables)
 12 Months Ended
Dec. 31, 2025
Debt Disclosure [Abstract]  
Schedule of Borrowings
The Company’s outstanding borrowings as of December 31, 2025 and 2024, including borrowing capacity as of December 31, 2025, were as follows (in thousands):

BorrowerBorrowing Capacity20252024
Interest Rate as of December 31, 2025
Maturity Date
Senior debt, net
Revolving line of creditOpportunity Funding SPE V, LLC (Tranche B)$— $— $84,500 SOFRplus6.75%June 2026(1)
Revolving line of creditOpportunity Funding SPE V, LLC (Tranche C)62,500 46,875 62,500 SOFRplus7.75%February 2029
Revolving line of creditOpportunity Funding SPE V, LLC (Tranche D)237,500 132,125 — SOFRplus7.30%February 2029
Revolving line of creditOpportunity Funding SPE IX, LLC— — 85,871 SOFRplus7.50%December 2026(2)
Revolving line of creditOpportunity Funding SPE IX, LLC150,000 79,000 — SOFRplus6.00%September 2029
Revolving line of creditGray Rock SPV LLC75,000 63,353 55,957 SOFRplus7.45%October 2026
Total revolving lines of credit525,000 321,353 288,828 
Term loan, netOppFi-LLC— — 29,930 SOFRplus0.11%plus10%September 2025(3)
Total senior debt, net$525,000 $321,353 $318,758 
(1) Maturity date and interest rate as of December 31, 2024 and for subsequent period until the borrowing was paid in full in February 2025.
(2) Maturity date and interest rate as of December 31, 2024 and for subsequent period until the borrowing was paid in full in September 2025.
(3) Maturity date and interest rate as of December 31, 2024 and for subsequent period until the borrowing was paid in full in March 2025.