--- title: "OppFi | 8-K: FY2026 Q1 Revenue: USD 151.88 M" type: "News" locale: "en" url: "https://longbridge.com/en/news/285538644.md" datetime: "2026-05-07T11:18:18.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/285538644.md) - [en](https://longbridge.com/en/news/285538644.md) - [zh-HK](https://longbridge.com/zh-HK/news/285538644.md) --- # OppFi | 8-K: FY2026 Q1 Revenue: USD 151.88 M Revenue: As of FY2026 Q1, the actual value is USD 151.88 M. EPS: As of FY2026 Q1, the actual value is USD 0.56. EBIT: As of FY2026 Q1, the actual value is USD 43.87 M. ### Revenue - Total revenue increased 8.3% year over year to $151.9 million, setting a Company record for the first quarter . - Interest and loan related income was $150,526 thousand in 2026, up 8.2% from $139,118 thousand in 2025 . - Other revenue increased 17.8% to $1,355 thousand in 2026 from $1,150 thousand in 2025 . - Net revenue was $87,298 thousand in 2026, a decrease of -3.9% from $90,810 thousand in 2025 . ### Operational Metrics - Net income increased 165.0% year over year to $54.0 million, with a Net Income margin of 35.6%, up from 14.5% . - Net income attributable to OppFi Inc. was $28,401 thousand in 2026, compared to - $11,372 thousand in 2025, representing a 349.7% increase . - Adjusted net income decreased -11.2% year over year to $30.0 million, with an Adjusted Net Income margin of 19.8%, down from 24.1% . - Income from operations was $35,362 thousand in 2026, a -16.8% decrease from $42,492 thousand in 2025 . - Total expenses were $51,936 thousand in 2026, an increase of 7.5% from $48,318 thousand in 2025, and as a percentage of Total Revenue, decreased 20 basis points year over year to 34.2% . - Income before income taxes increased 163.2% to $58,009 thousand in 2026 from $22,041 thousand in 2025 . - Income tax expense was $3,971 thousand in 2026, up 140.5% from $1,651 thousand in 2025 . - Change in fair value of finance receivables was - $64,583 thousand in 2026, compared to - $49,458 thousand in 2025, a 30.6% change . - Change in fair value of warrant liabilities was $21,295 thousand in 2026, compared to - $21,607 thousand in 2025, a 198.6% change . ### Operating Costs (Selected Items) - Salaries and employee benefits increased 3.5% to $14,254 thousand in 2026 from $13,778 thousand in 2025 . - Direct marketing costs increased 0.9% to $10,385 thousand in 2026 from $10,288 thousand in 2025 . - Interest expense and amortized debt issuance costs decreased -17.0% to $8,510 thousand in 2026 from $10,247 thousand in 2025 . - Professional fees increased 73.0% to $7,264 thousand in 2026 from $4,199 thousand in 2025 . - Technology costs increased 12.4% to $3,329 thousand in 2026 from $2,961 thousand in 2025 . - General, administrative and other expenses increased 110.0% to $5,074 thousand in 2026 from $2,416 thousand in 2025 . ### Cash Flow - Net cash provided by operating activities was $90,779 thousand in 2026, an 8.4% increase from $83,740 thousand in 2025 . - Net cash used in investing activities was - $21,436 thousand in 2026, a -37.4% decrease (improvement) from - $34,241 thousand in 2025 . - Net cash used in financing activities was - $62,686 thousand in 2026, a 33.3% increase from - $47,019 thousand in 2025 . - Net increase in cash and restricted cash was $6,657 thousand in 2026, a 168.4% increase from $2,480 thousand in 2025 . - Unrestricted cash was $63.9 million as of March 31, 2026, an increase of $14.4 million from December 31, 2025 . - Free Cash Flow generated in Q1 2026 was $69.3 million, an increase of 40.1% from $49.5 million in Q1 2025 . ### Unique Metrics and Financial Capacity - Total net originations were $175,975 thousand for the three months ended March 31, 2026, a 7% decrease from $189,168 thousand in the prior year period . - Total retained net originations were $151,449 thousand in 2026, a 10% decrease from $168,963 thousand in 2025 . - Ending receivables were $444,922 thousand as of March 31, 2026, a 9% increase from $406,579 thousand as of March 31, 2025 . - Net charge-offs as a percentage of total revenue was 42.5% in 2026, compared to 34.6% in 2025, representing an increase of 790 basis points . - Net charge-offs as a percentage of average receivables, annualized, was 55.5% in 2026, up from 47.0% in 2025 . - Average yield, annualized, was 130.7% in 2026, a decrease from 135.8% in 2025 . - The auto-approval rate remained consistent at 79% for both periods . - OppFi Inc. had $240.7 million of unused debt capacity under its financing facilities as of March 31, 2026, an increase from $203.6 million as of December 31, 2025 . - Total funding capacity, including financing commitments and cash, was approximately $624.9 million as of March 31, 2026 . - Cash and restricted cash were $99,920 thousand as of March 31, 2026 . - Finance receivables at fair value were $502,558 thousand as of March 31, 2026 . - Total assets were $719,987 thousand as of March 31, 2026 . - Total debt was $284,260 thousand as of March 31, 2026 . - Warrant liabilities were $5,160 thousand as of March 31, 2026 . - Total liabilities were $377,005 thousand as of March 31, 2026 . - Total stockholders’ equity was $342,982 thousand as of March 31, 2026 . ### Share Repurchase Program - During the first quarter of 2026, OppFi Inc. repurchased 1,040,699 shares of Class A Common Stock for an aggregate price of $9.9 million, at an average price of $9.54 per share . - As of March 31, 2026, $11.0 million remained available under the prior repurchase program . - On May 6, 2026, the Board of Directors approved a new share repurchase program for up to $40 million of its Class A Common Stock, replacing the previous program, which is set to expire in May 2029 . ### Outlook / Guidance OppFi Inc. projects full year 2026 Total Revenue to be between $650 million and $675 million, representing a 9% to 13% year-over-year increase . Adjusted Net Income is expected to range from $153 million to $160 million, an increase of 9% to 14% year over year . The company views 2026 as a pivotal year for investment, leveraging its digital-first platform and BNC’s national bank charter for growth and product diversification . ### Related Stocks - [OPFI.US](https://longbridge.com/en/quote/OPFI.US.md) ## Related News & Research - [OppFi Q1 adjusted EPS beats estimates](https://longbridge.com/en/news/285539523.md) - [BNCCorp Q1 net income rises on higher interest income](https://longbridge.com/en/news/286553819.md) - [OppFi Posts Record Q1 Revenue and Surging Profitability](https://longbridge.com/en/news/285556243.md) - [Integration Risks From BNC Merger May Threaten OppFi’s Financial Health and Cash Flows](https://longbridge.com/en/news/285800068.md) - [BNCCORP To Be Acquired By OppFi in Transformative Customer-Focused Transaction](https://longbridge.com/en/news/284556830.md)