OppFi beats Q1 guidance, raises FY2024 adjusted EPS outlook to $0.58-$0.62

OppFi Inc.

2024-Q1 EPS reported $0.10

Q1 total revenue $127.3M (+5.8% YoY); net income $10.1M (+157.8% YoY); diluted EPS $0.10.
Adjusted EPS $0.10 (+123% YoY), exceeding guidance; full-year adjusted EPS raised to $0.58-$0.62 from $0.53-$0.57.
Unrestricted cash $47.2M (+48.4% sequentially); total receivable funding capacity $613.7M.
Annualized net charge-off rate 47.9% of revenue, down 110 bps YoY; revenue yield 129.5%, up 350 bps.
Management cites strong tax refund season and favorable credit trends; special dividend and share repurchase program in place.

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 1.0

OppFi Inc. reported the first quarter ended March 31, 2024 results: revenue $127.3 million, net income $10.1 million, EPS $0.10. Guidance raised.

Period: the first quarter ended March 31, 2024
Revenue: $127.3 million
Net income: $10.1 million
EPS: $0.10
Guidance: raised
Result: reported results

Exact text from the filing

OppFi Exceeds First Quarter 2024 Guidance, Raises Full-Year Earnings Outlook Total revenue increased 5.8% year over year to $127.3 million Net income increased 157.8% year over year to $10.1 million Adjusted net income increased 127.8% year over year to $8.8 million Basic and Diluted EPS of $0.29 and $0.10, respectively

View on SEC.gov

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

OppFi Inc. filing history →

Source: SEC EDGAR

accession 0001818502-24-000008

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.