OppFi reports record 2022 revenue of $452.9M; net income drops 96% to $3.3M

OppFi Inc.

Full-year 2022 total revenue $452.9M (+29% YoY); net income $3.3M vs $89.8M in 2021.
Q4 2022 revenue $120.0M (+25%); net loss of $5.2M vs net income $17.0M a year ago.
Adjusted net income $5.0M for FY2022; adjusted EPS $0.06 vs $0.78 in 2021.
Closed $150M credit facility with Castlelake; total funding capacity >$530M as of year-end.
Marketing cost per new funded loan fell 20% YoY; first payment default rates trending to pre-pandemic levels.

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

OppFi Inc. reported the three months ended December 31, 2022 results: revenue $ 120,030, net income $ (5,199), EPS $ (0.22).

Period: the three months ended December 31, 2022
Revenue: $ 120,030
Net income: $ (5,199)
EPS: $ (0.22)
Result: reported results

Exact text from the filing

Total revenue $ 120,030 $ 95,958 25.1% Net (loss) income $ (5,199) $ 17,032 (130.5) %

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

OppFi Inc. reported the year ended December 31, 2022 results: revenue $ 452,859, net income $ 3,340, EPS $ 0.05.

Period: the year ended December 31, 2022
Revenue: $ 452,859
Net income: $ 3,340
EPS: $ 0.05
Result: reported results

Exact text from the filing

% Adjusted EPS(1,2) $ (0.19) $ 0.13 (242.3) % (in thousands, except per share data) Unaudited Year Ended December 31, Change 2022 2021 % Total revenue $ 452,859 $ 350,568 29.2% Net income $ 3,340 $ 89,795 (96.3) % Adjusted net income(1) $ 4,976 $ 65,819 (92.4) % Adjusted EBITDA(1) $ 53,866 $ 116,857 (53.9) % Basic EPS(a) $

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20 earnings releases filed in the last 30 days. Browse all earnings releases →

OppFi Inc. filing history →

Source: SEC EDGAR

accession 0001818502-23-000004

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