secwatch.observer — SEC 8-K summary
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Issuer:     OppFi Inc. (OPFI)
CIK:        0001818502
Form:       8-K
Filed at:   2023-03-23T23:59:59+00:00
Accession:  0001818502-23-000004
Event type: earnings
Sentiment:  neutral
Materiality: 0.85
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1818502/000181850223000004/0001818502-23-000004-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1818502/000181850223000004/opfi-20230323.htm
  HTML page:      https://secwatch.observer/filing/0001818502-23-000004

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