Oppfi Inc (OPFI)
NYSE:OPFI
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OppFi
(NYSE:OPFI)
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Rating:78Outperform
Price Target:
$9.50
▲(7.22% Upside)
Action:Reiterated
Date:05/09/26
The score is driven primarily by strong financial performance (improved profitability and robust cash generation) and a deeply discounted valuation (very low P/E). The earnings call adds support via maintained guidance and significant expected acquisition-driven upside, tempered by near-term credit and investment headwinds. Technicals are supportive but mixed due to the stock remaining below the 200-day moving average.
Positive Factors
Cash generation
Sustained, large operating and free cash flow provides durable internal funding for strategic investments, share repurchases, and acquisitions without relying solely on external capital. High cash conversion supports capital returns and cushions the business through credit cycles.
Negative Factors
Elevated credit losses
Persistently high net charge-offs materially erode earnings and require higher provisions, reducing sustainable cash returns. For a consumer lender, elevated loss rates increase capital needs and constrain growth unless underwriting or pricing materially improves over time.
Read all positive and negative factors
Positive Factors
Negative Factors
Cash generation
Sustained, large operating and free cash flow provides durable internal funding for strategic investments, share repurchases, and acquisitions without relying solely on external capital. High cash conversion supports capital returns and cushions the business through credit cycles.
Read all positive factors
OppFi (OPFI) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$1.17B
Dividend YieldN/A
Average Volume (3M)643.08K
Price to Earnings (P/E)1.8
Beta (1Y)1.70
Revenue Growth12.95%
EPS GrowthN/A
CountryUS
Employees445
SectorFinancial
Sector Strength70
IndustrySoftware - Application
Share Statistics
EPS (TTM)2.37
Shares Outstanding85,393,250
10 Day Avg. Volume749,305
30 Day Avg. Volume643,076
Financial Highlights & Ratios
PEG Ratio0.06
Price to Book (P/B)4.74
Price to Sales (P/S)0.46
P/FCF Ratio0.73
Enterprise Value/Market Cap0.79
Enterprise Value/Revenue1.53
Enterprise Value/Gross Profit1.56
Enterprise Value/Ebitda5.36
Forecast
1Y Price Target
$14.00Price Target Upside58.01% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering3
EPS Forecast (FY)1.8
Revenue Forecast (FY)$660.51M
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 ...
How the Company Makes Money
OppFi primarily makes money from interest income and related finance charges earned on consumer credit products offered through its platform. A significant portion of its business is conducted via bank partnership programs (often structured as “ba...
OppFi Earnings Call Summary
Earnings Call Date:May 07, 2026
(Q1-2026)
| % Change Since: |
Next Earnings Date:Aug 12, 2026
Earnings Call Sentiment Positive
The call presents a largely positive strategic outlook: solid revenue (+8% YoY), stronger receivables (~+9%), robust free cash flow ($69M), a transformational bank acquisition with significant expected funding and synergy benefits, and meaningful product/tech upgrades via LOLA that should improve efficiency and product velocity. However, near-term credit pressure (higher net charge-offs and lower yield), a 7% decline in originations, and heavy near-term investment spend create tangible short-term headwinds to profitability. Overall, management emphasizes long-term value creation and appears confident in the strategic path despite current macro and credit challenges.Positive Updates
Revenue Growth
Total revenue of $152 million in Q1 2026, an 8% increase year-over-year, driven largely by higher receivables.
Negative Updates
Decline in Originations
Q1 2026 originations decreased 7% year-over-year to $176 million, attributed to tightened credit for certain segments and reduced demand from higher average tax refunds.
Read all updates
Q1-2026 Updates
Positive
Negative
Revenue Growth
Total revenue of $152 million in Q1 2026, an 8% increase year-over-year, driven largely by higher receivables.
Read all positive updates
Company Guidance
OppFi said it is maintaining its 2026 guidance while directing more than $150 million of strategic investment this year (LOLA, the BNC acquisition and Up‑C transition) and expects the cash‑and‑stock BNC deal (valued ≈ $130M) to close in Q4 2026. Management projects the BNC combination (BNC: >$1B assets and ≈$1B deposits, >80% of deposits <2% cost) will be at least 25% accretive to adjusted EPS in year one, 40% in year two and 50% in year three—quantified as synergy-driven accretion of ≥$60M, $90M and >$115M in years one–three—and to drive ROA and ROE of roughly 10% and 35% by 2028 while maintaining capital ratios well above market standards. Other near‑term metrics: OppFi recorded ~$466M tax‑amortizable goodwill (≈$111M estimated future cash tax savings), authorized a $40M repurchase program after buying 1M shares for $9.9M in Q1, generated $69M of free cash flow in Q1, ended the quarter with ≈$100M cash, $284M total debt, $343M equity and $625M total funding capacity (including $241M unused), and reiterated product timing—Model 6.1 deployed, Model 7 planned for fall, LOLA migration starting in Q2 with substantial completion in Q3 and a line‑of‑credit product launching summer 2026.OppFi Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
66
Positive
Cash Flow
84
Very Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 608.66M | 597.05M | 525.96M | 508.95M | 452.86M | 350.57M |
| Gross Profit | 597.18M | 567.71M | 420.78M | 401.52M | 357.72M | 261.40M |
| EBITDA | 174.06M | 200.66M | 308.60M | 290.51M | 244.77M | 100.53M |
| Net Income | 66.10M | 26.33M | 7.26M | -1.00M | 7.10M | 25.55M |
Balance Sheet | ||||||
| Total Assets | 719.99M | 754.09M | 641.17M | 601.54M | 579.84M | 502.11M |
| Cash, Cash Equivalents and Short-Term Investments | 63.87M | 49.45M | 61.34M | 31.79M | 16.24M | 25.06M |
| Total Debt | 300.83M | 332.78M | 332.05M | 349.18M | 363.62M | 274.02M |
| Total Liabilities | 377.00M | 445.21M | 406.96M | 407.51M | 420.69M | 344.23M |
| Stockholders Equity | 75.65M | 58.48M | 32.77M | 10.44M | -494.00K | -9.04M |
Cash Flow | ||||||
| Free Cash Flow | 307.75M | 382.19M | 310.80M | 287.15M | 230.05M | 152.97M |
| Operating Cash Flow | 413.26M | 401.31M | 323.81M | 296.15M | 243.30M | 167.35M |
| Investing Cash Flow | -295.00M | -307.80M | -243.44M | -244.29M | -317.24M | -199.47M |
| Financing Cash Flow | -109.11M | -88.53M | -66.02M | -27.58M | 61.26M | 48.83M |
OppFi Technical Analysis
Negative
8.86
Price Trends
8.53
Negative
9.00
Negative
9.69
Negative
Market Momentum
-0.14
Positive
39.28
Neutral
11.21
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For OPFI, the sentiment is Negative. The current price of 8.86 is below the 20-day moving average (MA) of 9.03, above the 50-day MA of 8.53, and below the 200-day MA of 9.69, indicating a bearish trend. The MACD of -0.14 indicates Positive momentum. The RSI at 39.28 is Neutral, neither overbought nor oversold. The STOCH value of 11.21 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for OPFI.
OppFi Risk Analysis
OppFi disclosed 94 risk factors in its most recent earnings report. OppFi reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
OppFi Peers Comparison
UnderperformOutperform
Sector (68)
OPFI
OppFi
8.30
-4.73
-36.30%
MAPS
WM Technology
0.40
-0.66
-62.26%
BMBL
Bumble
3.16
-2.81
-47.07%
OppFi Corporate Events
Business Operations and StrategyStock BuybackFinancial Disclosures
OppFi Posts Record Q1 Revenue and Surging Profitability
Positive
May 7, 2026
On May 7, 2026, OppFi reported first-quarter 2026 results showing total revenue up 8.3% year over year to a record $151.9 million, with net income jumping 165% to $54.0 million even as adjusted net income fell 11.2% to $30.0 million. The company h...
Business Operations and StrategyM&A TransactionsRegulatory Filings and Compliance
OppFi to Acquire BNCCORP and Form OppFi Bank
Positive
Apr 29, 2026
On April 28, 2026, OppFi agreed to acquire BNCCORP, Inc. and its subsidiary BNC National Bank in a cash-and-stock deal valued at about $130 million, with BNCC to be merged into an OppFi unit and BNC ultimately renamed OppFi Bank, N.A. The boards o...
Business Operations and StrategyPrivate Placements and Financing
OppFi Converts Gray Rock Swaps to Direct Receivables Ownership
Positive
Apr 16, 2026
On April 10, 2026, OppFi’s lending subsidiaries amended a revolving credit agreement with Midtown Madison Management to expand the states from which bank-partner-originated receivables can be financed and to adjust eligibility and concentrat...
Business Operations and StrategyFinancial Disclosures
OppFi Reports Record Q4 2025 Revenue and Profitability
Positive
Mar 11, 2026
On March 11, 2026, OppFi reported its fourth-quarter 2025 results, highlighting record performance across key metrics, including total revenue of $159.2 million, up 17.3% year over year. The company also set a new quarterly high in ending receivab...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.