OppFi reported first-quarter 2026 revenue of $151.9 million, up 8.3% from $140.3 million a year earlier and a company record for the period.
Net income jumped to $54.0 million from $20.4 million, an increase of 165.0%. Net income attributable to OppFi rose to $28.4 million from a loss of $11.4 million in the prior-year quarter.
Adjusted net income fell 11.2% to $30.0 million from $33.8 million, while adjusted EPS slipped to $0.35 from $0.38.
On the operating side, total net originations declined to $176.0 million from $189.2 million, and retained net originations fell to $151.4 million from $169.0 million. Ending receivables increased to $444.9 million from $406.6 million.
Credit performance weakened on the company’s own metrics: net charge-offs rose to 42.5% of revenue from 34.6%, and to 55.5% of average receivables on an annualized basis from 47.0%. Average yield eased to 130.7% from 135.8%, while the auto-approval rate was unchanged at 79%.
During the quarter, OppFi repurchased 1.04 million shares for $9.9 million at an average price of $9.54. After the quarter, the board approved a new $40 million share repurchase program, replacing the prior authorization, of which $11.0 million had remained available at March 31. The market has reacted to these announcements by moving the company's shares 0.46% to a price of $9.795. For the full picture, make sure to review OppFi's 8-K report.
