OppFi beats 2023 earnings guidance; Q4 revenue up 10.7% YoY to $132.9M

OppFi Inc.

Full-year 2023 net income $39.5M, adjusted net income $43.3M; revenue $508.9M (+12.4% YoY)
Q4 2023 net income $1.9M vs Q4 2022 loss of $5.2M; adjusted net income $8.9M vs loss
Net charge-off rate as % of total revenue improved 8.1pp to 43.5% for full-year 2023
Diluted adjusted EPS $0.51 for full year vs $0.06 in 2022; Q4 adjusted EPS $0.10 vs ($0.19)
Provides outlook for continued profitable growth in 2024; strong balance sheet with optionality

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 fourth quarter ended December 31, 2023 results: revenue $132.9 million, net income $1.9 million.

Period: the fourth quarter ended December 31, 2023
Revenue: $132.9 million
Net income: $1.9 million
Result: reported results

Exact text from the filing

Total revenue increased 10.7% year over year to $132.9 million for fourth quarter of 2023

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

OppFi Inc. reported the year ended December 31, 2023 results: revenue $132.9 million, net income $39.5 million.

Period: the year ended December 31, 2023
Revenue: $132.9 million
Net income: $39.5 million
Result: reported results

Exact text from the filing

full-year 2023 Net charge o� rate as a percentage of total revenue improved by 8.1 percentage points to 43.5% for full-year 2023 Total revenue increased 10.7% year over year to $132.9 million for fourth quarter of 2023 Net income of $1.9 million for fourth quarter of 2023 Adjusted net income of $8.9 million for fourth quarter of 2023 Annualized net charge o� rate as a

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Source: SEC EDGAR

accession 0001818502-24-000004

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