---
schema_version: "secwatch.filing_event.v1"
accession: "0001818502-22-000020"
form_type: "8-K"
ticker: "OPFI"
cik: "0001818502"
company_name: "OppFi Inc."
filed_at: "2022-12-09T23:59:59+00:00"
generated_at: "2026-06-21T06:55:06.754952+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# OppFi restates prior financials; diluted EPS reduced by $1.45 for FY2021 due to accounting error

## Summary
- Non-reliance on FY2021, Q1 2022, and three/nine months ended Sept 30, 2021 financials due to misapplication of diluted EPS accounting.
- Diluted EPS for FY2021 restated to $0.48, a reduction of $1.45 from previously reported.
- Q1 2022 diluted EPS restated to $0.00 (reduction of $0.08); Q3 2021 restated to $0.29 (reduction of $0.77 for three months).
- Company will amend 2021 10-K and Q1 2022 10-Q; no impact on operating performance or KPIs other than diluted EPS.
- Audit Committee concluded after discussion with management; discussed with independent auditor RSM US LLP.

## SEC filing metadata
- accession: 0001818502-22-000020
- form_type: 8-K
- ticker: OPFI
- cik: 0001818502
- company_name: OppFi Inc.
- filed_at: 2022-12-09T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 4.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1818502/000181850222000020/0001818502-22-000020-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1818502/000181850222000020/opfi-20221206.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001818502-22-000020
- JSON: https://secwatch.observer/filing/0001818502-22-000020.json
- Plain text: https://secwatch.observer/filing/0001818502-22-000020.txt

## Key facts
- Auditor Changes
  OppFi Inc. reported that prior financial statements should not be relied upon.
  - Action: non reliance
  source text: the Prior Financial Statements should no longer be relied upon due to a misapplication of accounting guidance
  evidence_url: https://www.sec.gov/Archives/edgar/data/1818502/000181850222000020/0001818502-22-000020-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.