secwatch.observer — SEC 8-K summary
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Issuer:     OppFi Inc. (OPFI)
CIK:        0001818502
Form:       8-K
Filed at:   2022-11-09T23:59:59+00:00
Accession:  0001818502-22-000017
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

OppFi Q3 revenue up 35% to $124.2M but net loss $(0.7)M; guidance reaffirmed
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- Revenue $124.2M (+35% YoY); net loss $(0.7)M vs net income $30.4M a year ago.
- Adjusted net income $0.8M; basic EPS $(0.04) and adjusted EPS $0.01.
- Net originations $182.7M (+11% YoY); ending receivables $407.7M (+39% YoY).
- Net charge-offs rose to 66% of avg receivables from 36%; auto-approval rate improved to 69%.
- FY 2022 guidance reaffirmed: revenue growth 20-25%, break-even to modest net loss on adjusted basis.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1818502/000181850222000017/0001818502-22-000017-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1818502/000181850222000017/opfi-20221109.htm
  HTML page:      https://secwatch.observer/filing/0001818502-22-000017

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