OppFi Inc. (OPFI) Form 10-Q — Aug 10, 2026
OppFi's Q2 2026 total revenue rose 1.9% year over year to $145.2 million, and GAAP net income jumped 36.0% to $15.6 million, with net income attributable to OppFi of $14.8 million versus a $20.8 million loss a year earlier and diluted EPS of $0.18 versus $(0.78). Under the hood, core performance weakened: adjusted net income fell 27.0% to $28.8 million (adjusted EPS $0.33 vs. $0.45), net revenue dropped 14.0% to $86.2 million, net charge-offs climbed to 39.5% of total revenue from 31.9%, average yield slipped to 132.4%, and net originations declined 9.3% to $212.0 million.
Key figures
- Eps
- 0.18
- Revenue
- 145170000
- Net Income
- 15612000
- Total Debt
- 276453000
- Revenue Yoy
- 1.9%
- Total Assets
- 770729000
- Cash Position
- 64347000
- Shares Outstanding
- 85208247
- H1 Revenue
- 297051000
- H1 Net Income
- 69650000
- H1 Diluted EPS
- 0.74
- Net Revenue Q2
- $86.2 million (-14.0% YoY)
- Term Loan Rate
- 12.50% fixed pre-Transaction, 13.50% thereafter, plus 1.25% OID
- Adjusted EPSQ2
- $0.33 vs. $0.45
- Restricted Cash
- 27499000
- Bncc Cash Per Share
- $19.375
- Buyback Remaining
- $38.8 million
- Term Loan Facility
- $100.0 million maximum borrowings (subsequent event, August 10, 2026)
- Bncc Exchange Ratio
- 1.90 OppFi shares per BNCC share
- Ending Receivables
- 440065000
- Net Originations Q2
- 212038000
- Effective Tax Rate Q2
- 38.7%
- H1 Share Repurchases
- $11.2 million (1,181,106 shares at avg $9.46)
- Adjusted Net Income Q2
- $28.8 million (-27.0% YoY)
- Buyback Authorization
- $40 million (approved May 6, 2026, expires May 2029)
- Bncc Merger Consideration
- $130.7 million (preliminary, as of April 28, 2026)
- Deferred Tax Asset Balance
- 102406000
- Net Originations Q2 Change
- -9.3%
- Average Yield Annualized Q2
- 132.4% vs. 136.1%
- Deferred Tax Asset Increase
- $73.1 million from Corporate Simplification and TRA termination
- Net Charge Offs Pct Revenue Q2
- 39.5% vs. 31.9%
- Retained Net Originations Q2
- $176.8 million (-14.1%)
- Tra Early Termination Payment
- $40.8 million (installments May 8, 2026 and September 1, 2026)
- Acquisition Related Expenses Q2
- $2.8 million
- Net Income Attributable To Opp Fi Q2
- 14842000
- Net Charge Offs Pct Avg Receivables Q2
- 52.3% vs. 43.5%
Price after filing
Close on the filing date to close N calendar days later (from $9.40). Historical, not a forecast.
AI analysis
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