Oppfi Inc ( (OPFI) ) has released its Q1 earnings. Here is a breakdown of the information Oppfi Inc presented to its investors.
OppFi Inc., a tech-enabled digital finance platform, collaborates with banks to offer financial products and services to everyday Americans, focusing on financial inclusion and customer experience. The company has reported a record-breaking first quarter for 2025, with total revenue reaching $140.3 million, marking a 10.1% increase year over year. Adjusted net income also saw a significant rise, increasing by 285.1% to $33.8 million, setting a new company record for any quarter.
Key financial highlights include a 101.3% increase in net income to $20.4 million, despite an $11.4 million loss attributable to OppFi Inc. The company’s average yield, annualized, improved by 630 basis points to 135.8%, while the net charge-off rate as a percentage of total revenue decreased by 1,330 basis points to 34.6%. Additionally, OppFi has raised its full-year adjusted net income guidance for 2025 to a range of $106 million to $113 million, up from the previous range of $95 million to $97 million.
The company has also seen improvements in operational efficiency, with total expenses before interest expense decreasing by 18.1% year over year. This reduction in expenses, coupled with a disciplined approach to growth and credit modeling, has contributed to OppFi’s robust financial performance. The company’s strategic focus on enhancing its platform and maintaining a strong balance sheet is expected to support sustained, profitable growth throughout 2025.
Looking ahead, OppFi’s management remains optimistic about the company’s growth prospects, as evidenced by the increased full-year adjusted net income and EPS guidance. With a strong financial position and continued focus on operational efficiency, OppFi is well-positioned to capitalize on future opportunities in the digital finance sector.