v3.26.1
Segment Reporting
 6 Months Ended
Jun. 30, 2026
Segment Reporting [Abstract]  
Segment Reporting Segment Reporting
The Company operates as a single reportable segment and manages the business activities on a consolidated basis. The Company derives its revenue in the United States by offering its installment loan product.

The Company’s Chief Executive Officer is considered to be the chief operating decision maker (“CODM”). The CODM utilizes the net income in the consolidated statements of operations to assess financial performance, allocate resources and make strategic decisions. The measure of segment assets is total assets in the consolidated balance sheets.

The following table presents selected financial information for the three and six months ended June 30, 2026 and 2025 (in thousands):

Three Months Ended June 30,Six Months Ended June 30,
2026202520262025
Total revenue$145,170 $142,443 $297,051 $282,711 
Charge-offs, net(57,276)(45,509)(121,761)(94,021)
Net change in fair value(1,723)3,312 (1,821)2,366 
Change in fair value of finance receivables(58,999)(42,197)(123,582)(91,655)
Net revenue86,171 100,246 173,469 191,056 
Expenses:
Salaries and employee benefits16,294 17,754 30,548 31,532 
Direct marketing costs11,403 11,890 21,788 22,178 
Professional fees13,613 4,792 20,877 8,991 
Interest expense and amortized debt issuance costs8,125 9,639 16,635 19,886 
Technology costs3,525 3,382 6,854 6,343 
Payment processing fees1,634 1,527 3,292 3,157 
Depreciation and amortization1,509 1,502 2,100 3,262 
Occupancy987 1,030 1,858 2,069 
General, administrative and other4,726 3,922 9,800 6,338 
Total expenses61,816 55,438 113,752 103,756 
Income from operations24,355 44,808 59,717 87,300 
Other income (expense):
Change in fair value of warrant liabilities201 (33,304)21,496 (54,911)
Income from equity method investment813 1,121 1,933 2,197 
Other income87 79 319 159 
Income before income taxes25,456 12,704 83,465 34,745 
Income tax expense9,844 1,224 13,815 2,875 
Net income15,612 11,480 69,650 31,870 
Less: net income attributable to noncontrolling interest770 32,260 26,407 64,022 
Net income (loss) attributable to OppFi Inc.$14,842 $(20,780)$43,243 $(32,152)