OppFi (OPFI) AI Stock Analysis

• Market Cap: $785.04M
• Dividend Yield: N/A
• Average Volume (3M): 449.52K
• Price to Earnings (P/E): ―
• Beta (1Y): 1.50
• Revenue Growth: 9.63%
• EPS Growth: -112.71%
• Country: US
• Employees: 445
• Sector: Financial
• Sector Strength: 70
• Industry: Software - Application
• EPS (TTM): 0.46
• Shares Outstanding: 27,664,310
• 10 Day Avg. Volume: 358,695
• 30 Day Avg. Volume: 449,524
• PEG Ratio: -0.03
• Price to Book (P/B): 4.71
• Price to Sales (P/S): 0.29
• P/FCF Ratio: 0.50
• Enterprise Value/Market Cap: 1.40
• Enterprise Value/Revenue: 1.92
• Enterprise Value/Gross Profit: 2.34
• Enterprise Value/Ebitda: 3.03
• 1Y Price Target: $16.00
• Price Target Upside: 70.76% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 1
• EPS Forecast (FY): 1.74
• Revenue Forecast (FY): $663.11M

• Rating: 67 Neutral
• Price Target: $10.00 ▲(6.72% Upside)
• Action: Reiterated Date: 12/09/25
• Date: Action: Reiterated 12/09/25

OppFi's overall stock score is driven by strong earnings performance and positive financial outlook, as highlighted in the recent earnings call. The company's solid cash flow and reduced leverage are positive factors, but challenges remain in profitability margins and valuation metrics. Technical analysis indicates short-term bullish momentum, but longer-term resistance is present.

Positive Factors

Strong cash generation

OppFi's strong cash conversion (OCF/net income 1.51 and FCF/net income 0.95) and 7.86% FCF growth provide durable internal funding. This reduces dependence on external capital, supports reinvestment in tech and risk models, and underpins share repurchases and lower net interest costs over the medium term.

Reduced leverage and improving balance sheet

A materially lower debt-to-equity (improved to 0.55) increases financial flexibility and lowers refinancing risk. Improved leverage supports investment in origination platforms and product expansion, and combined with a lower-cost credit facility, should sustainably reduce interest expense and financial fragility.

Improving credit model (Model 6) and unit economics

Model 6's strong and consistent unit economics enable finer risk segmentation and risk-based pricing, which is a durable competitive advantage. Better vintage selection and segmentation help stabilize returns, support higher approved volumes at controlled loss rates, and improve long-term lending economics.

Negative Factors

Low and volatile profitability margins

Despite revenue growth, net margin near 0.82% and a declining gross margin signal fragile profitability. Low margins limit the company's ability to absorb higher credit losses or invest aggressively without eroding returns, making sustained EPS improvement dependent on margin recovery.

Rising charge-offs in new vintages

Elevated charge-offs in newer vintages indicate underwriting or macro deterioration risks that can persist across cohorts. If charge-offs continue, OppFi may need tighter underwriting or higher pricing, which could constrain originations, compress growth, and pressure margins over several quarters.

Modest return on equity

An ROE of ~9.8% implies modest shareholder returns given the business risk. Even with deleveraging, low ROE shows capital is not yet delivering high returns; improving ROE will require sustained margin expansion, better credit outcomes, or higher capital efficiency to materially enhance shareholder value.

OppFi Business Overview & Revenue Model

Company Description

OppFi Inc. operates a financial technology platform that allows banks to offer lending products. Its platform facilitates the OppLoan, an installment loan product; SalaryTap, a payroll deduction secured installment loan product; and OppFi Card, a credit card product. The company is based in Chicago, Illinois.

How the Company Makes Money

OppFi generates revenue primarily through the origination of loans and related fees. The company earns interest on the personal loans it issues, which typically feature higher interest rates compared to traditional loans due to the increased risk associated with lending to underbanked consumers. Additionally, OppFi collects various fees, such as origination fees and late payment fees, which contribute to its overall revenue. The company also benefits from partnerships with financial institutions and other fintech companies, which can provide additional revenue streams through referral arrangements or co-branded products. By leveraging technology to streamline the lending process, OppFi can effectively manage risk and operational costs, enhancing its profitability.

OppFi Financial Statement Overview

Summary

OppFi demonstrates a solid financial position with strong cash flow generation and improving leverage. However, profitability margins remain a concern, and the company needs to focus on enhancing its net profit margins. The reduction in debt levels is a positive sign, but the company should continue to work on improving its return on equity to enhance shareholder value.

Income Statement

OppFi's income statement shows a mixed performance. The company has demonstrated consistent revenue growth, with a TTM revenue growth rate of 3.33%. However, profitability margins have been volatile, with a TTM net profit margin of 0.82%, which is relatively low for the industry. The gross profit margin has also decreased significantly in the TTM period compared to previous years. Despite these challenges, the company has managed to maintain a positive EBIT margin, indicating operational efficiency.

Balance Sheet

The balance sheet reveals a high debt-to-equity ratio, which has improved in the TTM period to 0.55 from much higher levels in previous years. This indicates a reduction in leverage, which is a positive sign. However, the return on equity (ROE) is relatively low at 9.83% in the TTM period, suggesting limited profitability from shareholders' equity. The equity ratio is not explicitly calculated, but the improvement in debt management is a positive development.

Cash Flow

OppFi's cash flow statement is strong, with a significant increase in free cash flow growth of 7.86% in the TTM period. The operating cash flow to net income ratio is robust at 1.51, indicating efficient cash generation relative to net income. The free cash flow to net income ratio is also healthy at 0.95, suggesting that the company is effectively converting its earnings into cash.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	573.52M	525.96M	508.95M	452.86M	350.57M	291.01M
Gross Profit	472.04M	420.78M	401.52M	357.72M	261.40M	246.82M
EBITDA	364.02M	308.60M	290.51M	244.77M	100.53M	103.53M
Net Income	3.87M	7.26M	-1.00M	7.10M	25.55M	77.52M
Balance Sheet
Total Assets	720.62M	641.17M	601.54M	579.84M	502.11M	285.84M
Cash, Cash Equivalents and Short-Term Investments	45.45M	61.34M	31.79M	16.24M	25.06M	25.60M
Total Debt	332.76M	332.05M	349.18M	363.62M	274.02M	158.10M
Total Liabilities	443.36M	406.96M	407.51M	420.69M	344.23M	186.51M
Stockholders Equity	49.42M	32.77M	10.44M	-494.00K	-9.04M	99.33M
Cash Flow
Free Cash Flow	360.37M	310.80M	287.15M	230.05M	152.97M	181.39M
Operating Cash Flow	378.99M	323.81M	296.15M	243.30M	167.35M	192.11M
Investing Cash Flow	-291.25M	-243.44M	-244.29M	-317.24M	-199.47M	-98.31M
Financing Cash Flow	-86.77M	-66.02M	-27.58M	61.26M	48.83M	-84.12M

OppFi Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 9.37
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For OPFI, the sentiment is Neutral. The current price of 9.37 is above the 20-day moving average (MA) of 9.16, below the 50-day MA of 9.90, and below the 200-day MA of 10.86, indicating a neutral trend. The MACD of -0.18 indicates Negative momentum. The RSI at 50.11 is Neutral, neither overbought nor oversold. The STOCH value of 71.01 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for OPFI.

OppFi Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	68 Neutral	$18.00B	11.42	9.92%	3.81%	9.73%	1.22%
OPFI	67 Neutral	$785.04M	-12.12	9.19%	―	9.63%	-112.71%
ONTF	66 Neutral	$337.30M	-10.85	-20.20%	―	-6.23%	28.57%
MAPS	57 Neutral	$101.81M	8.81	18.24%	―	0.59%	―
BMBL	51 Neutral	$328.07M	-1.53	-25.34%	―	-7.43%	61.36%