OppFi Q3 revenue reaches $149.2 million
Key points
- OppFi's third-quarter 2026 net income fell 54.6% to $34.5 million, while diluted earnings per share dropped to $0.40.
- Net originations fell 6.8% to $229.3 million, and annualized net charge-offs rose to 52.6% of average receivables.
- OppFi expects 2026 revenue of $600 million–$610 million and adjusted earnings per share of $1.34–$1.40.
OppFi (NASDAQ:OPFI) reported third-quarter 2026 revenue of $149.230 million, while net income fell 54.6% to $34.479 million and diluted earnings per share dropped to $0.40.
Revenue declined from $155.09 million a year earlier and missed the $152.79 million analysts had expected, while earnings per share also fell from $0.77 to $0.40.
Net originations decreased 6.8% to $229.348 million, while annualized net charge-offs rose to 52.6% of average receivables from 46.7%.
Adjusted net income, a non-GAAP measure that excludes certain items, fell 22.5% to $31.559 million, and OppFi repurchased $6.7 million of common stock during the quarter.
For the first nine months of 2026, revenue rose 1.9% to $446.281 million, while net income declined 3.4% compared with the same period last year.
OppFi launched a new line of credit product during the quarter and expects full-year 2026 revenue of $600 million–$610 million, adjusted net income of $115 million–$120 million, and adjusted earnings per share of $1.34–$1.40.
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