AI-extracted from the 10-Q filed 2026-08-10 — Q2 FY2026 (quarter ended June 30, 2026). Every figure is machine-verified against the filing text on SEC EDGAR.
Total revenue grew a modest 1.9% YoY to $145.2M, but net charge-offs jumped to 39.5% of revenue (from 31.9%) as portfolio yield declined, even as net income rose 36% to $15.6M on a warrant-liability swing.
Biggest Revenue Drivers
Interest on finance receivables$143.7M+1.8% YoY
Increase due to higher average receivables balances throughout the period
Other revenue$1.4M+11.2% YoY
Interest on deposits, bank-partner servicing fees, and Turn-Up/Turn-Down referral fees
Biggest Revenue Drivers
Total revenue: $145.2M+1.9% YoY
Interest on finance receivables$143.7M+1.8% YoY
Increase due to higher average receivables balances throughout the period
Other revenue$1.4M+11.2% YoY
Interest on deposits, bank-partner servicing fees, and Turn-Up/Turn-Down referral fees
Largest Expense Items
Salaries and employee benefits$16.3M-8.2% YoY
Decrease largely related to lower stock compensation expense
Professional fees$13.6M+184.1% YoY
Increase related to the BNCCORP Transaction and Corporate Simplification
Direct marketing costs$11.4M-4.1% YoY
Declined alongside lower net originations
Interest expense and amortized debt issuance costs$8.1M-15.7% YoY
Lower interest expense resulting from paying down debt and rate decreases
Margins: Expenses as a percent of total revenue rose to 42.6% from 38.9% YoY, driven by a 184% jump in professional fees tied to the BNCCORP Transaction and Corporate Simplification, partially offset by lower interest expense and salaries.
Watch Items from the Filing
Net charge-offs as a percentage of total revenue rose to 39.5% from 31.9% YoY, driven by a lower-yielding portfolio and elevated gross charge-offs.
Pending BNCCORP acquisition (~$130.7M consideration, ~6.8M new shares) subject to regulatory and stockholder approvals; expected to close Q4 2026 but could fail or be delayed.
California DFPI won its Notice of Appeal filed July 17, 2026 against the Company's summary judgment win, prolonging uncertainty over the bank-partnership 'true lender' model.
Consumers in Texas and Virginia represent approximately 11% and 10%, respectively, of the finance receivables portfolio.
Total net originations declined 9.3% YoY to $212.0M, mainly from lower refinance-customer originations versus a prior-year credit model change.
AI-extracted and verified against SEC EDGAR filing text. Not investment advice.
Schwartz Theodore GReporting ownerGrant or award · Jun 9, 2026
Zeeman Gregory TReporting ownerGrant or award · Jun 9, 2026
About OppFi Inc. (OPFI): stock profile, AI score and financials
OppFi Inc. (OPFI) stock profile, AI quality score, and SEC EDGAR financial data, a Financials sector company. 13F Pro's AI-powered ranking engine scores OPFI at 69.1/100 on a composite quality score built from its SEC filings, placing it at rank #274 of 2,925 stocks — the top 10% of the AI-ranked universe. OPFI scores in the top quartile across free cash flow (99.0), earnings quality (92.6), balance sheet strength (91.0). Areas of concern include revenue scale (32.5), which score below median versus the broader universe. Shareholder dilution risk is elevated at 34.6/100, reflecting ongoing share issuance or stock-based compensation. Based on the latest XBRL financial filings (Q2 2026), OppFi Inc. reports quarterly revenue of $86.2M, net income of $14.8M, an operating margin of 28.3%. Top institutional holders of OPFI by reported 13-F value include WELLINGTON MANAGEMENT GROUP LLP, VANGUARD CAPITAL MANAGEMENT, BlackRock, based on the most recent SEC filings. OPFI trades on the NYSE exchange and files with the SEC under CIK 1818502. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate OPFI daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for OppFi Inc. directly from SEC EDGAR.