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Overview
OppFi partners with community banks to expand access to credit for everyday Americans who are often denied by traditional lenders. It uses technology to enable the underwriting, origination, and servicing of personal loans through these bank partners, with a focus on responsible lending and financial inclusion. Revenue comes from interest and fees on these loans, while emphasis on best-in-class customer service and transparency supports positive financial outcomes for clients. Unlike lenders that operate alone, OppFi differentiates itself by linking community banks with a tech-enabled platform to reach underserved borrowers and help them rebuild financial health. The company’s goal is to broaden credit access while promoting responsible lending and measurable improvements in the financial well-being of its customers.
About OppFi
Industries
Fintech
Financial Services
Company Size
201-500
Company Stage
IPO
Headquarters
Chicago, Illinois
Founded
2012
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Simplify's Take
What believers are saying
- Q2 2026 revenue hit a record $145.2 million, up 1.9% year over year.
- Management targets a September 2026 line-of-credit launch across three new geographies.
- BNCC National Bank approval could add roughly $1 billion in deposits by late 2026.
What critics are saying
- OppFi cut 2026 guidance on August 10, 2026 after Q2 originations fell 9%.
- Adjusted net income dropped 27% in Q2 2026 as charge-offs stayed elevated.
- An appeal or stalled BNCC approval can freeze the bank-led strategy and crush the thesis.
What makes OppFi unique
- OppFi’s August 10, 2026 model pairs consumer lending with bank-partner origination and deposits.
- The company won California DFPI summary judgment on May 19, 2026, validating FinWise partnerships.
- Its modular underwriting and LOLA migration shortened line-of-credit development to under six months.
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Funding
Total Funding
$575M
Above
Industry Average
Funded Over
4 Rounds
Benefits
Generous vacation
Insurance benefits
401(k) matching
Employee Assistance Program
Tuition reimbursement
Subsidies for childcare costs, free financial literacy tools, 6 paid weeks of parental leave
Collaborative and supportive company culture
Stock Price
Company News
OppFi reported second-quarter 2026 revenue of $145 million, up 1.9% year-over-year and a quarterly record. However, adjusted net income fell 27% to approximately $29 million, prompting management to cut full-year guidance whilst maintaining its 2028 target of roughly $3 in EPS. The company is pursuing acquisition of BNC National Bank, with regulatory applications submitted and a planned fourth-quarter close. Management projects at least 10% return on assets and 35% return on equity by 2028. Originations declined 9% to $212 million as underwriting tightened. Net charge-offs climbed to 40% of revenue from 32% previously. Adjusted EPS dropped to $0.33 from $0.45. OppFi reduced 2026 guidance to $600-625 million revenue and $1.34-1.51 adjusted EPS. The company ended the quarter with $92 million cash and $173.5 million unused funding capacity.
Stonegate Capital Partners has updated its coverage of OppFi, Inc. following the company's second-quarter 2026 results. OppFi reported revenue of $145.2 million, up 1.9% year-on-year, marking a quarterly record. However, adjusted net income fell 27% to $28.8 million, with adjusted EPS declining to $0.33 from $0.45. The weaker earnings reflect delayed product initiatives and macroeconomic pressure on consumer affordability. Management is prioritising credit quality over volume growth, with net charge-offs improving sequentially to 39.5% of revenue from 42.5% in the first quarter. Stonegate notes that OppFi's longer-term growth strategy remains intact, centred on its line-of-credit launch, product migration, and pending BNCC acquisition. Management continues to target approximately $3.00 of EPS by 2028, with the BNCC deal expected to close in the fourth quarter of 2026.
OppFi reported record second quarter revenue of $145.2 million, marking a 1.9% year-over-year increase. The tech-enabled digital finance platform also saw net income rise 36.0% to $15.6 million for the quarter ended 30 June 2026. CEO Todd Schwartz highlighted the company's strategic transformation, including its pending acquisition of BNCCORP and BNC National Bank, and the upcoming launch of a new line of credit product. OppFi partners with banks to offer financial products to underserved Americans. During the first half of 2026, the company repurchased $11.2 million of its Class A common stock at an average price of $9.46 per share. The share buyback programme, authorised in May 2026, totals $40 million.
OppFi Inc is scheduled to release its Q2 2026 earnings on 10 August 2026. Analysts expect revenue of $155.9 million and earnings of $0.42 per share for the quarter. For the full year 2026, revenue is forecast at $657.22 million with earnings of $2.12 per share. Over the past 90 days, full-year revenue estimates have declined from $660.47 million, whilst earnings estimates increased from $2.05 per share. In Q1 2026, OppFi beat expectations with revenue of $151.88 million and earnings of $0.63 per share, surpassing analyst forecasts by 0.49% and 164.71% respectively. The stock rose 1.44% following the results. Three analysts give an average price target of $14, suggesting 43.44% upside from the current price of $9.76.
OppFi, a fintech lender, reported steady first-quarter 2026 results whilst shifting towards a bank-enabled, deposit-funded model through its pending BNCC acquisition. Revenue increased 8.3% year-on-year to a record $151.9 million, and receivables grew 9.4% to $444.9 million, despite net originations declining 7.0% to $176.0 million. The BNCC acquisition is expected to add approximately $1.0 billion in low-cost deposits and drive over 25% adjusted earnings per share accretion in the first year. Management maintained full-year 2026 guidance of $650 million to $675 million in revenue and $1.76 to $1.84 adjusted EPS. The company is investing in platform expansion, with new product launches planned throughout 2026, including a line of credit offering this summer.
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About OppFi
Industries
Fintech
Financial Services
Company Size
201-500
Company Stage
IPO
Headquarters
Chicago, Illinois
Founded
2012
OppFi is Hiring for 4 Jobs on Simplify!
Find jobs on Simplify and start your career today