OppFi Q2 revenue up 14% to $122.5M, net income up 90%, raises FY outlook

OppFi Inc.

2023-Q2 EPS reported $0.16

Total revenue of $122.5M (+14% YoY); net income of $18.1M (+90% YoY).
Adjusted net income of $16.3M (+138% YoY); adjusted EPS of $0.19 (+137%).
Net charge-off rates decreased sequentially and YoY; marketing cost per funded loan fell 23%.
Total expenses as % revenue down 16% YoY; company raised full-year adjusted net income and 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 0.9

OppFi Inc. reported the second quarter ended June 30, 2023 results: revenue $122,486, net income $18,076, EPS Basic EPS $0.14, Diluted EPS $0.14. Guidance raised.

Period: the second quarter ended June 30, 2023
Revenue: $122,486
Net income: $18,076
EPS: Basic EPS $0.14, Diluted EPS $0.14
Guidance: raised
Result: reported results

Exact text from the filing

and six months ended June 30, 2023 and 2022. (in thousands, except per share data) Unaudited Three Months Ended June 30, Change 2023 2022 % Total revenue $ 122,486 $ 107,875 13.5% Net income $ 18,076 $ 9,497 90.3% Adjusted net income(1) $ 16,255 $ 6,819 138.4% Adjusted EBITDA(1) $ 35,744 $ 20,007 78.7% Basic EPS $

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Source: SEC EDGAR

accession 0001818502-23-000011

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