secwatch.observer — SEC 8-K summary
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Issuer:     OppFi Inc. (OPFI)
CIK:        0001818502
Form:       8-K
Filed at:   2022-05-05T23:59:59+00:00
Accession:  0001818502-22-000006
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

OppFi Q1 revenue up 20% to $100.7M; net loss $0.3M as charge-offs hit 56% annualized
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- Q1 revenue $100.7M (+20% YoY); GAAP net loss of $0.3M vs net income $24.4M a year ago.
- Net originations $162.8M (+63% YoY); ending receivables $338.5M (+38%).
- Annualized net charge-offs as % of avg receivables rose to 56% from 30% a year ago.
- Auto-approval rate improved to 61% vs 41%; marketing cost per new loan fell to $221 from $266.
- Re-affirmed FY2022 guidance: 20-25% revenue growth, 20-25% adj. EBITDA margin.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1818502/000181850222000006/0001818502-22-000006-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1818502/000181850222000006/opfi-20220505.htm
  HTML page:      https://secwatch.observer/filing/0001818502-22-000006

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer