Q3 2026 Earnings Presentation October 28, 2026
This presentation (the “Presentation”) of OppFi Inc. (“OppFi” or the “Company”) is for information purposes only. Certain information contained herein has been derived from sources prepared by third parties. While such information is believed to be reliable for the purposes used herein, the Company makes no representation or warranty with respect to the accuracy of such information. Trademarks and trade names referred to in this Presentation are the property of their respective owners. The information contained herein does not purport to be all-inclusive. This Presentation does not constitute investment, tax, or legal advice. No representation or warranty, express or implied, is or will be given by the Company or any of its respective affiliates, directors, officers, employees or advisers or any other person as to the accuracy or completeness of the information in this Presentation, and no responsibility or liability whatsoever is accepted for the accuracy or sufficiency thereof or for any errors, omissions or misstatements, negligent or otherwise, relating thereto. The information contained in this Presentation is preliminary in nature and is subject to change, and any such changes may be material. The Company disclaims any duty to update the information contained in this Presentation, which information is given only as of the date of this Presentation unless otherwise stated herein. Forward-Looking Statements This Presentation includes “forward-looking statements” within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. OppFi’s actual results may differ from its expectations, estimates and projections and consequently, you should not rely on these forward-looking statements as predictions of future events. Words such as “expect,” “estimate,” “project,” “budget,” “forecast,” “opportunity,” “anticipate,” “intend,” “plan,” “may,” “will,” “could,” “should,” “believes,” “predicts,” “potential,” “possible,” “continue,” “positions,” and similar expressions may identify forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking. These forward-looking statements include, without limitation, OppFi’s expectations with respect to its full year 2026 guidance, the future performance of OppFi’s platform and underwriting models, the anticipated performance of its recently launched line of credit product, the expected benefits of its ongoing migration to the LOLA platform, statements regarding OppFi’s proposed acquisition of BNCC, including the anticipated timing, structure, benefits and strategic rationale of the transaction, OppFi’s expectations with respect to the geographic expansion and product diversification that may come from the acquisition, and expectations for OppFi’s growth and future financial performance. These forward-looking statements are based on OppFi’s current expectations and assumptions about future events and are based on currently available information as to the outcome and timing of future events. These forward-looking statements involve significant risks and uncertainties that could cause the actual results to differ materially from the expected results. Most of these factors are outside OppFi’s control and are difficult to predict. Factors that may cause such differences include, but are not limited to, the impact of general economic conditions, including economic slowdowns, inflation, interest rate changes, recessions, the impact of tariffs, and tightening of credit markets on OppFi’s business; the impact of challenging macroeconomic and marketplace conditions; the impact of stimulus or other government programs; risks related to the proposed acquisition of BNCC including the risk that the transactions may not be completed in a timely manner or at all, the failure to satisfy closing conditions or obtain required regulatory approvals, the impact of the transaction on OppFi’s governance structure, integration or execution challenges, and adverse reactions from customers or stockholders; whether OppFi will be successful in obtaining declaratory relief against the Commissioner of the Department of Financial Protection and Innovation for the State of California; whether OppFi will be subject to AB 539; whether OppFi’s bank partners will continue to lend in California and whether OppFi’s financing sources will continue to finance the purchase of participation rights in loans originated by OppFi’s bank partners in California; OppFi’s ability to scale and grow the Bitty business; the impact that events involving financial institutions or the financial services industry generally, such as actual concerns or events involving liquidity, defaults, or non-performance, may have on OppFi’s business; risks related to any material weakness in OppFi’s internal controls over financial reporting; the ability of OppFi to grow and manage growth profitably and retain its key employees; risks related to new products; the implementation and migration of technology platforms; risks related to evaluating and potentially consummating acquisitions; concentration risk; risks related to OppFi’s ability to comply with various covenants in its corporate and warehouse credit facilities; risks related to potential litigation; changes in applicable laws or regulations, including, but not limited to, impacts from the One Big Beautiful Bill Act; the possibility that OppFi may be adversely affected by other economic, business, and/or competitive factors; and other risks and uncertainties indicated from time to time in OppFi’s filings with the United States Securities and Exchange Commission, in particular, contained in the section captioned “Risk Factors.” OppFi cautions that the foregoing list of factors is not exclusive, and readers should not place undue reliance upon any forward-looking statements, which speak only as of the date made. OppFi does not undertake or accept any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements to reflect any change in its expectations or any change in events, conditions or circumstances on which any such statement is based. Non-GAAP Financial Measures This Presentation includes certain non-GAAP financial measures that are unaudited and do not conform to GAAP, such as Adjusted EBT, Adjusted Net Income and margin thereof, Adjusted EPS, and Free Cash Flow. Adjusted EBT is defined as Net Income, adjusted for (1) income tax expense; (2) change in fair value of warrant liabilities; (3) other adjustments, net; and (4) other income. Adjusted Net Income is defined as Adjusted EBT as defined above, adjusted for taxes assuming a tax rate for each period presented that reflects the U.S. federal statutory rate of 21% and a blended statutory rate for state income taxes, in order to allow for a comparison with other publicly traded companies. Adjusted Net Income Margin is defined as Adjusted Net Income as defined above divided by Total Revenue. Adjusted EPS is defined as Adjusted Net Income as defined above, divided by weighted average diluted shares outstanding, which represents shares of both classes of common stock outstanding and includes the impact of dilutive securities, such as restricted stock units, performance stock units, and stock options. Free Cash Flow is defined as net cash provided by operating activities minus net cash used in investing activities. These non-GAAP financial measures have not been prepared in accordance with accounting principles generally accepted in the United States and may be different from non-GAAP financial measures used by other companies. OppFi believes that the use of these non-GAAP financial measures provides an additional tool for investors to use in evaluating ongoing operating results and trends. These non-GAAP measures with comparable names should not be considered in isolation from, or as an alternative to, financial measures determined in accordance with GAAP. See “Reconciliation of Non-GAAP Financial Measures” below for reconciliations for OppFi’s non-GAAP financial measures to the most directly comparable GAAP financial measures. A reconciliation of projected full year 2026 Adjusted Net Income and Adjusted EPS to the most directly comparable GAAP financial measures is not included in this Presentation because, without unreasonable efforts, the Company is unable to predict with reasonable certainty the amount or timing of non-GAAP adjustments that are used to calculate these measures. Important Additional Information and Where to Find It In connection with the proposed transaction between OppFi and BNCCORP, Inc. (“BNCC”), OppFi has filed with the U.S. Securities and Exchange Commission (the “SEC”) a registration statement on Form S-4 (File No. 333-297733) (the “registration statement”), which includes a proxy statement of BNCC and a prospectus of OppFi (the “proxy statement/prospectus”), and OppFi may file with the SEC other relevant documents regarding the proposed transaction. INVESTORS AND SECURITY HOLDERS ARE URGED TO READ THE REGISTRATION STATEMENT AND THE PROXY STATEMENT/PROSPECTUS CAREFULLY AND IN THEIR ENTIRETY AND ANY OTHER RELEVANT DOCUMENTS FILED WITH THE SEC BY OPPFI, AS WELL AS ANY AMENDMENTS OR SUPPLEMENTS TO THOSE DOCUMENTS, BECAUSE THEY CONTAIN OR WILL CONTAIN IMPORTANT INFORMATION ABOUT OPPFI, BNCC, BNC NATIONAL BANK AND THE PROPOSED TRANSACTION. A definitive copy of the proxy statement/prospectus has been mailed to stockholders of BNCC. Investors and security holders will be able to obtain the registration statement and the proxy statement/prospectus, as well as other filings containing information about OppFi, free of charge from OppFi or from the SEC’s website. The documents filed by OppFi with the SEC may be obtained free of charge at OppFi’s website, at https://investors.oppfi.com/financials/sec-filings/default.aspx, or by requesting them by mail at 130 E. Randolph Street, Suite 3400, Chicago, IL 60601 or by email at corporate.secretary@oppfi.com. Website This Presentation contains reproductions and references to the Company’s website and mobile content. Website and mobile content are not incorporated into this Presentation. Any references to URLs for the websites are intended to be inactive textual references only. Disclaimer 2
Q3 2026 Highlights Launched new Line of Credit product, representing a significant milestone in the expansion of OppFi's product suite Repurchased $6.7 million of common stock under $40 million authorization, reflecting confidence in long-term earnings potential Strong balance sheet with $140.7 million of unrestricted and restricted cash at quarter end All new customers now run through LOLA, OppFi’s new application system Net Income of $34.5 million and Diluted EPS of $0.40, and Adjusted Net Income1 of $31.6 million and Adjusted EPS1 of $0.37 Recoveries of previously charged-off loans of $15.2 million, an increase of 38% year over year 1. Adjusted Net Income and Adjusted EPS are non-GAAP financial measures. See the disclaimer on “Non-GAAP Financial Measures” on slide 2 for a detailed description of such non-GAAP financial measures and the appendix for a reconciliation of such non-GAAP financial measures to their most directly comparable GAAP financial measures.
4 A tech-enabled digital finance platform that partners with banks to offer financial products and services for everyday Americans. At-A-Glance 1. For Q3 2026 at the time of loan approval. 2. Based on 19.0 million underbanked households and average household size of 2.51. Federal Deposit Insurance Corporation (FDIC), 2023 FDIC National Survey of Unbanked and Underbanked Households (November 2024); U.S. Census Bureau, “Average Number of People per Household, by Race and Hispanic Origin, Marital Status, Age, and Education of Householder: 2023”, Table AVG1, November 2023 3. Based on 36.2 million small businesses in the United States, U.S. Small Business Administration 2025 Small Business Profile. 59% of small businesses applied for financing in 2024 and 59% of those did not receive the full amount of financing sought, 2025 Report on Employer Firms: Findings from the 2024 Small Business Credit Survey, Federal Reserve Bank 4. As of September 30, 2026. 5. 2015-2025. Mission-driven Platform Significant Economic Scale Strong Fundamentals and Balance Sheet Providing best-in-class products and customer service with a 71 NPS Score1 Profitable Across Business Cycles Large Addressable Market Facilitated more than $9.6 billion in gross loan issuance covering over 5.1 million loans, since inception4 Operating efficiency drives strong free cash flow and a robust balance sheet which positions OppFi for growth 11 consecutive years of positive net income5 48 million Americans2 and over 12 million small businesses3 are underbanked and lack traditional credit options
Financial Highlights
6 Q3 2026 Financial Highlights Adjusted Net Income1 ($M) Adjusted EPS1 Investment in key strategic initiatives positions OppFi for stronger long-term returns $34.5M Net Income $31.6M Adj. Net Income1 $0.41 Basic EPS $0.40 Diluted EPS $0.37 Adjusted EPS1 1. Adjusted Net Income and Adjusted EPS are non-GAAP financial measures. See the disclaimer on “Non-GAAP Financial Measures” on slide 2 for a detailed description of such non- GAAP financial measures and the appendix for a reconciliation of such non-GAAP financial measures to their most directly comparable GAAP financial measures. 2. Percentages presented are calculated from the underlying whole-dollar amounts. $29 $41 $32 Q3 2024 Q3 2025 Q3 2026 -23% $0.33 $0.46 $0.37 Q3 2024 Q3 2025 Q3 2026 -20%
Total Revenue1 ($M) Total revenue decreased 3.8% YoY driven by lower receivables balances over the period and lower yield on those receivables 7 Net Charge-Off Rate2 Net charge-offs as a percentage of total revenue increased 500 bps YoY as a result of elevated charge-offs more than offsetting higher recoveries of previously charged off loans Operating Expense Margin Total Expenses as a percentage of Total Revenue increased 110 basis points year over year, largely driven by a reduction in revenue year over year combined with one-time expenses related to the Transaction3 Q3 2026 Performance 1. Total Revenue is calculated as the sum of Interest on Finance Receivables and Other Revenue. 2. Percentages presented are calculated from the underlying whole-dollar amounts. 3. The “Transaction” refers to the proposed acquisition of BNCC. For more information, please refer to “Recent Events” in Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations in OppFi’s Form 10-Q for the quarter ended September 30, 2026. $137 $155 $149 Q3 2024 Q3 2025 Q3 2026 -4% +5% CAGR 45.9% 35.1% 40.1% Q3 2024 Q3 2025 Q3 2026 +500bps 41.1% 36.2% 37.3% Q3 2024 Q3 2025 Q3 2026 +110bps
UNAUDITED QUARTER ENDED ($ in millions) 9/30/2025 9/30/2026 Total Net Originations1 $246 $229 Total Retained Net Originations1 $215 $191 Ending Receivables2 $481 $459 Net Charge-Off Rate as % of Total Revenue3 35% 40% Net Charge-Off Rate as % of Avg. Receivables, Annualized3 47% 53% Average Yield, Annualized4 133% 131% Automatic Approval Rate5 79% 80% Q3 2026 Key Performance Indicators • Total net originations decreased 7% year over year as a result of tightened marketing partner screening criteria year over year, and total retained net originations decreased 11% year over year, attributed to the decrease in total net originations, furthered by the growth in the percentage of loans retained by our bank partners • Ending receivables decreased 5% year over year as a result of lower retained net originations through the first nine months of 2026 • Net charge-off rate as percentage of total revenue increased to 40% from 35% year over year, and the annualized net charge off rate as a percentage of average receivables increased to 53% from 47% year over year, as a result of elevated charge-offs offsetting higher recoveries of previously charged off loans • Average yield decreased to 131% from 133% year over year, as elevated delinquency in the portfolio outweighed the increase in the average statutory rate during the period • Automatic approval rate increased to 80% from 79% year over year, reflecting the continued application of algorithmic automation projects that streamline the origination process 1. Total net originations are defined as gross originations net of transferred balance on refinanced loans, while total retained net originations are defined as the portion of total net originations with respect to which the Company ultimately purchased a receivable from bank partners. 2. Ending receivables are defined as the unpaid principal balances of loans at the end of the reporting period. 3. Net charge-offs as a percentage of total revenue and net charge-offs as a percentage of average receivables represent total charge-offs from the period less recoveries as a percentage of total revenue and as a percentage of average receivables. Net charge-offs as a percentage of average receivables is presented as an annualized metric. Finance receivables are charged off at the earlier of the time when accounts reach 90 days past due on a recency basis, when OppFi receives notification of a customer bankruptcy or is otherwise deemed uncollectible. 4. Average yield is defined as total revenue from the period as a percent of average receivables and is presented as an annualized metric. 5. Automatic approval rate is calculated by taking the number of approved loans that are not decisioned by a loan processor or underwriter (auto- approval) divided by the total number of loans approved. 8
9 Free Cash Flow Generation & Capital Allocation Optionality 2026 Key Liquidity and Capital Allocation Highlights • $17.9M in share repurchases (YTD as of 9/30/26) • Board authorized a $40 million repurchase plan for Class A common stock (Q2-26) • On April 15, OppFi terminated the Gray Rock funding facility • On September 15, OppFi borrowed $75M under the term loan agreement with affiliates of Castlelake 1. 1. Free cash flow is a non-GAAP financial measure. See the disclaimer on "Non-GAAP Financial Measures" on slide 2 for a detailed description of such non-GAAP financial measures and the appendix for a reconciliation of non-GAAP financial measures to their most directly comparable GAAP financial measures. Free Cash Flow Generation ($M)1 $108M of Free Cash Flow generated in the first nine months of 2026 Total Funding Capacity ($M) $351.5 $198.5 $140.7 9/30/2026 Restricted and Unrestricted Cash Undrawn Debt Drawn Debt $690.7 $66.1 $107.5 YTD 2025 YTD 2026
10 Full Year 2026 Earnings Guidance $600M $610M to Total Revenue Adjusted Net Income1 Adjusted EPS1,2 $115M $120M to $1.34 $1.40 to Top end reduced from $625M Top end reduced from $130M Top end reduced from $1.51 1. Adjusted Net Income and Adjusted EPS are non-GAAP financial measures. See the disclaimer on “Non-GAAP Financial Measures” on slide 2 for a detailed description of such non-GAAP financial measures. A reconciliation of projected 2026 Adjusted Net Income and Adjusted EPS to the most directly comparable GAAP financial measure is not included in this presentation because, without unreasonable efforts, the Company is unable to predict with reasonable certainty the amount or timing of non-GAAP adjustments that are used to calculate these measures. 2. Adjusted EPS of $1.34 to $1.40 is based on weighted average diluted shares outstanding of approximately 86 million.
Appendix
12 Outstanding Customer Satisfaction 71 Net Promoter Score (NPS) Results Selected Customer Testimonials “They are amazing!!! Great customer service! Tons of knowledge, and willing to help. Easy application process! Fast funding!! And Great Customer Service!!! I will recommend, and personally use again! Thank you for everything OppLoans!” March 2026, Trustpilot “I submitted 10 because your customer service and online services are so accurate. This company addresses your request with proficiency and delivery. I will continue to use OppLoans in the future.” January 2026, NPS “The application is straightforward and you get a response almost immediately. And depending on the time of day, you receive the funds the same day. Thank you for making things easy when people have financial emergencies!” March 2026, Trustpilot 4.7 12,365 reviews 4.4 5,824 reviews A+ Rating 1. Note: NPS is for Q3 2026 at the time of approval. Ratings reflect data as of October 27, 2026.
13 (in Thousands, except share and per share data) (Unaudited) 2026 2025 $ % Revenue: Interest on finance receivables 147,652$ 153,706$ (6,054)$ (3.9%) Other revenue 1,578 1,383 195 14.1% 149,230 155,089 (5,859) (3.8%) Change in fair value of finance receivables (56,476) (50,532) (5,944) 11.8% Net revenue 92,754 104,557 (11,803) (11.3%) Expenses: Direct marketing costs 13,044 14,514 (1,470) (10.1%) Salaries and employee benefits 12,718 14,513 (1,795) (12.4%) Interest expense and amortized debt issuance costs 8,659 10,079 (1,420) (14.1%) Professional fees 7,538 6,100 1,438 23.6% Technology costs 3,934 3,131 803 25.6% Depreciation and amortization 1,945 1,133 812 71.7% Payment processing fees 1,675 1,712 (37) (2.2%) Occupancy 985 1,030 (45) (4.4%) General, administrative and other 5,212 3,900 1,312 33.6% Total expenses 55,710 56,112 (402) (0.7%) Income from operations 37,044 48,445 (11,401) (23.5%) Other income: Change in fair value of warrant liabilities 2,842 31,688 (28,846) (91.0%) Income from equity method investment 774 1,365 (591) (43.3%) Other income 86 82 4 4.9% Income before income taxes 40,746 81,580 (40,834) (50.1%) Income tax expense 6,267 5,647 620 11.0% Net income 34,479 75,933 (41,454) (54.6%) Less: net income attributable to noncontrolling interest - 34,298 (34,298) (100.0%) Net income attributable to OppFi Inc. 34,479$ 41,635$ (7,156)$ (17.2%) Earnings per common share attributable to OppFi Inc.: Earnings per common share: Basic 0.41$ 1.48$ Diluted 0.40$ 0.77$ Weighted average common shares outstanding: Basic 85,066,885 28,163,404 Diluted 85,571,877 88,236,591 Three Months Ended September 30, Variance Q3 Income Statement 1. Certain columns and rows may not sum due to the use of rounded numbers for disclosure purposes. Percentages presented are calculated from the underlying whole-dollar amounts.
14 (in Thousands, except share and per share data) (Unaudited) 2026 2025 $ % Revenue: Interest on finance receivables 441,904$ 433,968$ 7,936$ 1.8% Other revenue 4,377 3,832 545 14.2% 446,281 437,800 8,481 1.9% Change in fair value of finance receivables (180,058) (142,187) (37,871) 26.6% Net revenue 266,223 295,613 (29,390) (9.9%) Expenses: Salaries and employee benefits 43,266 46,045 (2,779) (6.0%) Direct marketing costs 34,832 36,692 (1,860) (5.1%) Professional fees 28,415 15,091 13,324 88.3% Interest expense and amortized debt issuance costs 25,294 29,965 (4,671) (15.6%) Technology costs 10,788 9,474 1,314 13.9% Payment processing fees 4,967 4,869 98 2.0% Depreciation and amortization 4,045 4,395 (350) (8.0%) Occupancy 2,843 3,099 (256) (8.3%) General, administrative and other 15,012 10,238 4,774 46.6% Total expenses 169,462 159,868 9,594 6.0% Income from operations 96,761 135,745 (38,984) (28.7%) Other income (expense): Change in fair value of warrant liabilities 24,338 (23,223) 47,561 204.8% Income from equity method investment 2,707 3,562 (855) (24.0%) Other income 405 241 164 68.1% Income before income taxes 124,211 116,325 7,886 6.8% Income tax expense 20,082 8,522 11,560 135.7% Net income 104,129 107,803 (3,674) (3.4%) Less: net income attributable to noncontrolling interest 26,407 98,320 (71,913) (73.1%) Net income attributable to OppFi Inc. 77,722$ 9,483$ 68,239$ 719.6% Earnings per common share attributable to OppFi Inc.: Earnings per common share: Basic 1.29$ 0.36$ Diluted 1.14$ 0.36$ Weighted average common shares outstanding: Basic 60,027,387 26,168,321 Diluted 85,933,941 26,168,321 Nine Months Ended September 30, Variance Year to Date Income Statement 1. Certain columns and rows may not sum due to the use of rounded numbers for disclosure purposes. Percentages presented are calculated from the underlying whole-dollar amounts.
15 September 30, December 31, (in Thousands) 2026 2025 $ % Unaudited Assets Cash and restricted cash 140,673$ 93,263$ 47,410$ 50.8% Finance receivables at fair value 518,884 546,236 (27,352) (5.0%) Equity method investment 20,348 19,076 1,272 6.7% Other assets 162,495 95,515 66,980 70.1% Total assets 842,400$ 754,090$ 88,310$ 11.7% Liabilities and stockholders’ equity Accounts payable and accrued expenses 37,406$ 46,171$ (8,765)$ (19.0%) Total debt 349,639 321,353 28,286 8.8% Warrant liabilities 2,117 26,455 (24,338) (92.0%) Other liabilities 9,915 51,235 (41,320) (80.6%) Total liabilities 399,077 445,214 (46,137) (10.4%) Total stockholders’ equity 443,323 308,876 134,447 43.5% Total liabilities and stockholders’ equity 842,400$ 754,090$ 88,310$ 11.7% Variance Condensed Balance Sheet 1. Certain columns and rows may not sum due to the use of rounded numbers for disclosure purposes. Percentages presented are calculated from the underlying whole-dollar amounts.
16 (in Thousands) (Unaudited) 2026 2025 $ % Net cash provided by operating activities 268,129$ 284,481$ (16,352)$ (5.7%) Net cash used in investing activities (160,606) (218,419) 57,813 (26.5%) Net cash used in financing activities (60,113) (79,157) 19,044 (24.1%) Net increase (decrease) in cash and restricted cash 47,410$ (13,095)$ 60,505$ 462.0% Nine Months Ended September 30, Variance Condensed Cash Flow Statement 1. Certain columns and rows may not sum due to the use of rounded numbers for disclosure purposes. Percentages presented are calculated from the underlying whole-dollar amounts.
17 (in Thousands, except share and per share data) (Unaudited) 2026 2025 $ % Net income 34,479$ 75,933$ (41,454)$ (54.6%) Income tax expense 6,267 5,647 620 11.0% Other income (86) (82) (4) 4.9% Change in fair value of warrant liabilities (2,842) (31,688) 28,846 (91.0%) Other adjustments, net1 3,691 3,393 298 8.8% Adjusted EBT2 41,509 53,203 (11,694) (22.0%) Less: pro forma taxes3 9,950 12,476 (2,526) (20.2%) Adjusted net income2 31,559$ 40,727$ (9,168)$ (22.5%) Adjusted earnings per share2 0.37$ 0.46$ Weighted average diluted shares outstanding 85,571,877 88,236,591 Total revenue 149,230$ 155,089$ Net income margin 23.1% 49.0% Adjusted net income margin2 21.1% 26.3% Three Months Ended September 30, Variance Q3 Adjusted Net Income Reconciliation 1. For the three months ended September 30, 2026, other adjustments, net of $3.7 million included $1.8 million in expenses related to the Transaction, $1.6 million in expenses related to stock compensation, and $0.3 million in expenses related to severance. For the three months ended September 30, 2025, other adjustments, net of $3.4 million included $1.9 million in expenses related to stock compensation, $1.0 million in expenses related to corporate development, $0.4 million in expenses related to legal matters, and $0.1 million in expenses related to severance. The sum of the individual components of other adjustments, net may not equal the total presented due to the use of rounded numbers for disclosure purposes. 2. Adjusted EBT, Adjusted Net Income (and margin thereof), and Adjusted EPS are non-GAAP financial measures. See the disclaimer on “Non-GAAP Financial Measures” on slide 2 for a detailed description of such non-GAAP financial measures. 3. Assumes a tax rate of 23.97% for the three months ended September 30, 2026 and 23.45% for the three months ended September 30, 2025, reflecting the U.S. federal statutory rate of 21% and a blended statutory rate for state income taxes. 4. Certain columns and rows may not sum due to the use of rounded numbers for disclosure purposes. Percentages presented are calculated from the underlying whole-dollar amounts.
18 (in Thousands, except share and per share data) (Unaudited) 2026 2025 $ % Net income 104,129$ 107,803$ (3,674)$ (3.4%) Income tax expense 20,082 8,522 11,560 135.7% Other income (405) (241) (164) 68.1% Change in fair value of warrant liabilities (24,338) 23,223 (47,561) (204.8%) Other adjustments, net1 19,385 9,544 9,841 103.1% Adjusted EBT2 118,853 148,851 (29,998) (20.2%) Less: pro forma taxes3 28,490 34,906 (6,416) (18.4%) Adjusted net income2 90,363$ 113,945$ (23,582)$ (20.7%) Adjusted earnings per share2 1.05$ 1.29$ Weighted average diluted shares outstanding 85,933,941 88,218,365 Total revenue 446,281$ 437,800$ Net income margin 23.3% 24.6% Adjusted net income margin2 20.2% 26.0% Nine Months Ended September 30, Variance Year to Date Adjusted Net Income Reconciliation 1. For the nine months ended September 30, 2026, other adjustments, net of $19.4 million included $10.6 million in expenses related to the Transaction and the series of transactions that resulted in OppFi becoming the sole owner of OppFi-LLC and the termination of the Tax Receivable Agreement (the "Corporate Simplification"), $6.4 million in expenses related to stock compensation, $1.9 million in expenses related to severance, and $0.5 million in expenses related to legal matters. For the nine months ended September 30, 2025, other adjustments, net of $9.5 million included $8.3 million in expenses related to stock compensation, $1.0 million in expenses related to corporate development, $0.9 million in expenses related to legal matters, $0.7 million in expenses related to severance, and $0.2 million in expenses related to an adjustment to the Company’s outstanding lease obligations, partially offset by a $1.4 million addback related to the partial forgiveness of remaining expenses related to OppFi Card’s exit activities. The sum of the individual components of other adjustments, net may not equal the total presented due to the use of rounded numbers for disclosure purposes. 2. Adjusted EBT, Adjusted Net Income (and margin thereof), and Adjusted EPS are non-GAAP financial measures. See the disclaimer on “Non-GAAP Financial Measures” on slide 2 for a detailed description of such non-GAAP financial measures. 3. Assumes a tax rate of 23.97% for the nine months ended September 30, 2026 and 23.45% for the nine months ended September 30, 2025, reflecting the U.S. federal statutory rate of 21% and a blended statutory rate for state income taxes. 4. Certain columns and rows may not sum due to the use of rounded numbers for disclosure purposes. Percentages presented are calculated from the underlying whole-dollar amounts.
19 (in Thousands, except share and per share data) (Unaudited) $ Per Share $ Per Share Weighted average diluted shares outstanding 85,571,877 88,236,591 Net income 34,479$ 0.40$ 75,933$ 0.86$ Income tax expense 6,267 0.07 5,647 0.06 Other income (86) - (82) - Change in fair value of warrant liabilities (2,842) (0.03) (31,688) (0.36) Other adjustments, net1 3,691 0.04 3,393 0.04 Adjusted EBT2 41,509 0.49 53,203 0.60 Less: pro forma taxes3 9,950 0.12 12,476 0.14 Adjusted net income2 31,559$ 0.37$ 40,727$ 0.46$ Three Months Ended September 30, 2026 Three Months Ended September 30, 2025 (Unaudited) 2026 2025 Weighted average Class A common stock outstanding 85,066,885 28,163,404 Weighted average Class V voting stock outstanding - 58,852,443 Dilutive impact of restricted stock units 361,279 969,852 Dilutive impact of performance stock units - 31,906 Dilutive impact of stock options 143,713 218,986 Weighted average diluted shares outstanding 85,571,877 88,236,591 Three Months Ended September 30, Q3 Adjusted Earnings per Share Reconciliation 1. For the three months ended September 30, 2026, other adjustments, net of $3.7 million included $1.8 million in expenses related to the Transaction, $1.6 million in expenses related to stock compensation, and $0.3 million in expenses related to severance. For the three months ended September 30, 2025, other adjustments, net of $3.4 million included $1.9 million in expenses related to stock compensation, $1.0 million in expenses related to corporate development, $0.4 million in expenses related to legal matters, and $0.1 million in expenses related to severance. The sum of the individual components of other adjustments, net may not equal the total presented due to the use of rounded numbers for disclosure purposes. 2. Adjusted EBT, Adjusted Net Income (and margin thereof), and Adjusted EPS are non-GAAP financial measures. See the disclaimer on “Non-GAAP Financial Measures” on slide 2 for a detailed description of such non-GAAP financial measures. 3. Assumes a tax rate of 23.97% for the three months ended September 30, 2026 and 23.45% for the three months ended September 30, 2025, reflecting the U.S. federal statutory rate of 21% and a blended statutory rate for state income taxes. 4. Certain columns and rows may not sum due to the use of rounded numbers for disclosure purposes.
20 (in Thousands, except share and per share data) (Unaudited) $ Per Share $ Per Share Weighted average diluted shares outstanding 85,933,941 88,218,365 Net income 104,129$ 1.21$ 107,803$ 1.22$ Income tax expense 20,082 0.23 8,522 0.10 Other income (405) - (241) - Change in fair value of warrant liabilities (24,338) (0.28) 23,223 0.26 Other adjustments, net1 19,385 0.23 9,544 0.11 Adjusted EBT2 118,853 1.38 148,851 1.69 Less: pro forma taxes3 28,490 0.33 34,906 0.40 Adjusted net income2 90,363$ 1.05$ 113,945$ 1.29$ Nine Months Ended September 30, 2026 Nine Months Ended September 30, 2025 (Unaudited) 2026 2025 Weighted average Class A common stock outstanding 60,027,387 26,168,321 Weighted average Class V voting stock outstanding 25,275,155 60,590,252 Dilutive impact of restricted stock units 477,232 1,205,261 Dilutive impact of performance stock units 5,421 45,237 Dilutive impact of stock options 148,746 209,294 Weighted average diluted shares outstanding 85,933,941 88,218,365 Nine Months Ended September 30, Year to Date Adjusted Earnings per Share Reconciliation 1. For the nine months ended September 30, 2026, other adjustments, net of $19.4 million included $10.6 million in expenses related to the Transaction and Corporate Simplification, $6.4 million in expenses related to stock compensation, $1.9 million in expenses related to severance, and $0.5 million in expenses related to legal matters. For the nine months ended September 30, 2025, other adjustments, net of $9.5 million included $8.3 million in expenses related to stock compensation, $1.0 million in expenses related to corporate development, $0.9 million in expenses related to legal matters, $0.7 million in expenses related to severance, and $0.2 million in expenses related to an adjustment to the Company’s outstanding lease obligations, partially offset by a $1.4 million addback related to the partial forgiveness of remaining expenses related to OppFi Card’s exit activities. The sum of the individual components of other adjustments, net may not equal the total presented due to the use of rounded numbers for disclosure purposes. 2. Adjusted EBT, Adjusted Net Income (and margin thereof), and Adjusted EPS are non-GAAP financial measures. See the disclaimer on “Non-GAAP Financial Measures” on slide 2 for a detailed description of such non-GAAP financial measures. 3. Assumes a tax rate of 23.97% for the nine months ended September 30, 2026 and 23.45% for the nine months ended September 30, 2025, reflecting the U.S. federal statutory rate of 21% and a blended statutory rate for state income taxes. 4. Certain columns and rows may not sum due to the use of rounded numbers for disclosure purposes.
21 (in Thousands) (Unaudited) 2026 2025 $ % Net cash provided by operating activities 268,129$ 284,481$ (16,352)$ (5.7%) Less: Net cash used in investing activities (160,606) (218,419) 57,813 (26.5%) Free cash flow1 107,523$ 66,062$ 41,461$ 62.8% Nine Months Ended September 30, Variance Free Cash Flow Reconciliation 1. Free cash flow is a non-GAAP financial measure. See the disclaimer on "Non-GAAP Financial Measures" on slide 2 for a detailed description of such Non-GAAP financial measures. 2. Certain columns and rows may not sum due to the use of rounded numbers for disclosure purposes. Percentages presented are calculated from the underlying whole-dollar amounts.
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