---
schema_version: "secwatch.filing_event.v1"
accession: "0001818502-24-000008"
form_type: "8-K"
ticker: "OPFI"
cik: "0001818502"
company_name: "OppFi Inc."
filed_at: "2024-05-08T23:59:59+00:00"
generated_at: "2026-06-02T12:30:10.302677+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001818502-24-000008
- form_type: 8-K
- ticker: OPFI
- cik: 0001818502
- company_name: OppFi Inc.
- filed_at: 2024-05-08T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1818502/000181850224000008/0001818502-24-000008-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1818502/000181850224000008/opfi-20240508.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001818502-24-000008
- JSON: https://secwatch.observer/filing/0001818502-24-000008.json
- Plain text: https://secwatch.observer/filing/0001818502-24-000008.txt

## Key facts
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1818502/000181850224000008/0001818502-24-000008-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.