OppFi, Inc. (NYSE: OPFI) has announced a remarkable financial performance for the second quarter of 2025, with revenues reaching $142.4 million, adjusted net income at $39.4 million, and adjusted earnings per share (EPS) of $0.45. These figures not only exceeded consensus estimates but also represented a substantial improvement from the previous year, attributed to increased receivables and portfolio yield. Despite a dip in net income due to a non-cash warrant revaluation, the company's adjusted net income surged by 59.0% year-over-year, establishing a new quarterly record.
The company's financial health is further underscored by its strong liquidity and balance sheet, boasting $78.3 million in cash and restricted cash by the end of Q2 2025. OppFi's strategic financial management is evident in its generation of $64.0 million in free cash flow during the first half of the year, facilitating investments in growth initiatives and the distribution of a special dividend totaling $28.1 million. Additionally, OppFi has successfully repaid its corporate term loan in full and expanded its revolving credit facility by $50.0 million, highlighting its financial resilience and forward-looking planning.
Originations have witnessed a 14% increase year-over-year, amounting to $233.9 million, with retained net originations growing by 9% to $205.7 million. The auto-approval rate has climbed to 80%, a testament to the enhancements in automation and risk assessment capabilities of OppFi’s Model 6 platform. Credit quality has also seen notable improvements, with the net charge-off rate decreasing to 31.9% of total revenue, down from the previous year, and the portfolio yield achieving a company record of 136%.
In response to these achievements, OppFi has revised its full-year 2025 revenue guidance upwards to a range of $578–$605 million and adjusted net income guidance to $125–$130 million. The adjusted EPS guidance has similarly been increased to $1.39–$1.44, based on an anticipated 90 million diluted shares. This optimistic revision reflects the company's robust performance in the first half of 2025 and its strategic efforts to maintain growth momentum and enhance credit quality. For further details on OppFi's financial results and strategic direction, visit https://www.oppfi.com.
