Thu, May 8, 8:26 PM (10 days ago)
**OppFi Inc. (OPFI) Q1 2025 Financial Summary** **Financial Health & Performance:** - **Revenue:** $140.3 million, up 10.1% YoY. - **Net Income:** $20.4 million, up 101.3% YoY. - **Net Income Attributable to OppFi Inc.:** $(11.4) million, down 305.4% YoY. - **Adjusted Net Income:** $33.8 million, up 285.1% YoY. - **Adjusted EPS:** $0.38, up 280% YoY. - **Basic and Diluted Loss per Share:** $(0.48). - **Total Assets:** $640.1 million, down 0.2% QoQ. - **Total Liabilities:** $403.3 million, down 0.9% QoQ. - **Total Stockholders' Equity:** $236.8 million, up 1.1% QoQ. - **Cash & Restricted Cash:** $90.8 million, up 2.8% QoQ. - **Net Cash Provided by Operating Activities:** $83.7 million, up 12.5% YoY. **Profit Margins:** - **Operating Margin:** 30.3% (up from 4.1% in Q1 2024). - **Net Margin:** 14.6% (up from 8.0% in Q1 2024). **Cash Flow:** - **Operating Cash Flow:** $83.7 million, up 12.5% YoY. - **Investing Cash Flow:** $(34.2) million, down 90.2% YoY. - **Financing Cash Flow:** $(47.0) million, down 12.9% YoY. **Earnings Changes:** - **Net Income:** Increased by $10.3 million. - **Adjusted Net Income:** Increased by $25.0 million. - **Adjusted EPS:** Increased by $0.28. **Key Performance Metrics:** - **Total Net Originations:** $189.2 million, up 15.7% YoY. - **Ending Receivables:** $406.6 million, up 9.5% YoY. - **Average Yield:** 135.8%, up 4.8% YoY. - **Net Charge-Offs as % of Total Revenue:** 34.6%, down 27.8% YoY. - **Auto-Approval Rate:** 78.6%, up 7.1% YoY. **Trends & Uncertainties:** - **Revenue Growth:** Driven by higher average receivables balances, higher average statutory rate, and stronger payment activity. - **Expense Reduction:** Primarily driven by lower salary expense, lower interest expense, and lower professional fees. - **Legal Proceedings:** Ongoing legal matters may impact future operations and financial condition. - **Economic Conditions:** Uncertain macroeconomic conditions may affect consumers' ability to repay loans. **Future Operations Impact:** - **Debt Repayment:** Paid off term loan and increased undrawn debt capacity. - **Cash Position:** Strong cash position to meet liquidity needs for at least the next 12 months. - **Growth Strategy:** Focus on scaling and growing the Bitty business and improving credit model for higher issuance.