Stonegate Capital Partners Updates Coverage on OppFi, Inc. (OPFI) 2Q26
OppFi reported record Q2 revenue of $145.2M, up 1.9% year-over-year, but adjusted net income fell 27% to $28.8M, triggering a FY26 guidance reset. Credit performance improved sequentially with net charge-offs dropping to 39.5% of revenue, while adjusted operating expenses held steady at 34% of revenue.
Key figures
- Eps
- 0.33
- Revenue
- 145200000
- Guidance
- Lower FY26 outlook; target $3.00 EPS by 2028
- Revenue Yoy
- 1.9%
- Originations qq
- 20.5%
- Adjusted net income
- 28800000
- Adjusted net income yoy
- -27.0%
- Net charge offs revenue
- 39.5%
- Operating expenses ratio
- 34%
- Net charge offs receivables
- 52.3%
AI analysis
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