v3.25.4
Consolidated Statements of Operations - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Revenue:      
Interest on finance receivables $ 591,769 $ 521,227 $ 505,430
Other revenue 5,281 4,736 3,519
Interest and other income 597,050 525,963 508,949
Change in fair value of finance receivables (215,868) (204,443) (231,419)
Provision for credit losses on finance receivables 0 (42) (4,348)
Net revenue 381,182 321,478 273,182
Expenses:      
Salaries and employee benefits 60,695 60,475 60,680
Direct marketing costs 50,890 49,208 50,562
Interest expense and amortized debt issuance costs 39,367 44,708 46,750
Professional fees 20,103 21,574 18,027
Technology costs 12,433 12,171 12,543
Payment processing fees 6,589 7,119 10,439
Depreciation and amortization 5,159 9,621 12,735
Occupancy 4,127 4,030 4,431
Exit costs, net (1,449) 2,983 0
Lower of cost or market adjustment on transfer of finance receivables from held for sale to held for investment 0 0 (2,983)
General, administrative and other 16,590 15,053 13,643
Total expenses 214,504 226,942 226,827
Income from operations 166,678 94,536 46,355
Other (expense) income:      
Change in fair value of warrant liabilities (11,347) (8,244) (4,976)
Income from equity method investment 4,974 1,442 0
Other (expense) income, net (4,173) 318 431
Income before income taxes 156,132 88,052 41,810
Income tax expense 9,885 4,215 2,331
Net income 146,247 83,837 39,479
Less: net income attributable to noncontrolling interest 119,918 76,579 40,484
Net income (loss) attributable to OppFi Inc. $ 26,329 $ 7,258 $ (1,005)
Earnings (loss) per common share:      
Basic (in dollars per share) $ 0.99 $ 0.36 $ (0.06)
Diluted (in dollars per share) $ 0.99 $ 0.36 $ (0.06)
Weighted average common shares outstanding:      
Basic (in shares) 26,506,458 20,145,606 16,391,199
Diluted (in shares) 26,506,458 20,145,606 16,391,199