OppFi Q1 revenue up 20% to $120.4M, net income $3.9M; raises FY earnings outlook

OppFi Inc.

2023-Q1 EPS reported $0.02

Total revenue $120.4M (+20% YoY); net income $3.9M vs loss of $0.3M in Q1 2022.
Adjusted net income $4.4M (+584% YoY); adjusted EPS $0.05.
Ending receivables $370.2M (+9% YoY); credit metrics improved sequentially.
Marketing cost per new funded loan down 9% YoY.
Raised full-year adjusted net income and adjusted EPS guidance.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

OppFi Inc. reported first quarter ended March 31, 2023 results: revenue $ 120,374, net income $ 3,930, EPS $0.02. Guidance raised.

Period: first quarter ended March 31, 2023
Revenue: $ 120,374
Net income: $ 3,930
EPS: $0.02
Guidance: raised
Result: reported results

Exact text from the filing

the three months ended March 31, 2023 and 2022. (in thousands, except per share data) Unaudited Three Months Ended March 31, Change 2023 2022 % Total revenue $ 120,374 $ 100,710 19.5% Net income (loss) $ 3,930 $ (297) (1423.2)% Adjusted net income(1) $ 4,435 $ 648 584.4% Adjusted EBITDA(1) $ 20,116 $ 11,303 78.0% Basic EPS

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Source: SEC EDGAR

accession 0001818502-23-000006

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