OppFi Inc. (OPFI) Form 8-K — Oct 27, 2026
OppFi reported Q3 2026 revenue of $149.2M, down 3.8% year over year, with net income of $34.5M, down 54.6%, and diluted EPS of $0.40 versus $0.77 a year ago. Credit quality deteriorated sharply: net charge-offs rose to 40.1% of revenue from 35.1%, originations fell 6.8%, and ending receivables declined 4.7%, reflecting a shrinking book. The company launched a new line of credit product and completed migration of all new customers to its LOLA platform. OppFi cut the top end of full-year 2026 guidance, lowering revenue to $600-610M (from $625M), adjusted net income to $115-120M (from $130M), and adjusted EPS to $1.34-$1.40 (from $1.51).
Key figures
- Eps
- 0.4
- Revenue
- 149230000
- Guidance
- FY2026 total revenue $600M-$610M (top end cut from $625M), adjusted net income $115M-$120M (from $130M), adjusted EPS $1.34-$1.40 (from $1.51) on ~86M diluted shares
- Net Income
- 34479000
- Total Debt
- 349639000
- Revenue Yoy
- -3.8%
- Total Assets
- 842400000
- Cash Position
- 140673000
- Recoveries q3
- $15.2M (+38% YoY)
- Adjusted eps q3
- $0.37 (-20.1% YoY)
- Unrestricted cash
- $102.7M (+$53.2M from Dec 31, 2025)
- Ending receivables
- $458.6M (-4.7% YoY)
- Free cash flow ytd
- $107.5M
- Share repurchases q3
- $6.7M
- Share repurchases ytd
- $17.9M at avg $8.91/share
- Undrawn debt capacity
- $198.5M
- Adjusted net income q3
- $31.6M (-22.5% YoY)
- Total funding capacity
- $690.7M
- Total net originations
- $229.3M (-6.8% YoY)
- Average yield annualized
- 131.4%
- Net charge off pct revenue
- 40.1% vs 35.1% YoY
- Net charge off pct avg receivables
- 52.6% vs 46.7% YoY
AI analysis
The rest of the AI analysis, red flags and sentiment are part of Signal8 Pro.
AI-generated analysis of a public disclosure. Not investment advice; verify against the original document.