OppFi Reports Third Quarter 2026 Results
OppFi reported Q3 2026 total revenue of $149.2 million, down 3.8% year-over-year, with net income of $34.5 million down 54.6% and adjusted EPS of $0.37 versus $0.46 a year ago. Credit quality deteriorated sharply: net charge-offs rose to 52.6% of average receivables (annualized) from 46.7%, while total net originations fell 6.8% and ending receivables declined 4.7%. The company refined FY26 guidance to revenue of $600-610 million, adjusted net income of $115-120 million, and adjusted EPS of $1.34-$1.40, and repurchased $6.7 million of stock in the quarter.
Key figures
- Eps
- 0.4
- Revenue
- 149230000
- Guidance
- FY26 total revenue $600M-$610M; adjusted net income $115M-$120M; adjusted EPS $1.34-$1.40 on ~86M weighted average diluted shares
- Revenue Yoy
- -3.8%
- Q3 buyback
- 6700000
- Ytd buyback
- 17900000
- Q3 net income
- 34479000
- Q3 adjusted eps
- 0.37
- Q3 net income yoy
- -54.6%
- Unrestricted cash
- 102700000
- Ending receivables
- 458631000
- Q3 adjusted eps yoy
- -20.1%
- Q3 adjusted net income
- 31559000
- Total funding capacity
- 690700000
- Total net originations
- 229348000
- Average yield annualized
- 131.4%
- Net charge off pct avg receivables
- 52.6%
AI analysis
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