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Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Revenue:        
Interest and loan related income $ 141,144 $ 125,076 $ 280,262 $ 251,355
Other revenue 1,299 1,228 2,449 2,292
Interest and other income 142,443 126,304 282,711 253,647
Change in fair value of finance receivables (42,197) (40,019) (91,655) (104,121)
Provision for credit losses on finance receivables 0 (4) 0 (31)
Net revenue 100,246 86,281 191,056 149,495
Expenses:        
Salaries and employee benefits 17,754 16,227 31,532 32,225
Direct marketing costs 11,890 12,808 22,178 22,320
Interest expense and amortized debt issuance costs 9,639 10,964 19,886 22,394
Professional fees 4,792 4,798 8,991 10,279
Technology costs 3,382 2,963 6,343 6,021
Depreciation and amortization 1,502 2,490 3,262 5,215
Payment processing fees 1,527 1,676 3,157 3,762
Occupancy 1,030 1,042 2,069 1,984
Exit costs, net (1) (33) (1,449) 2,885
General, administrative and other 3,923 3,859 7,787 7,639
Total expenses 55,438 56,794 103,756 114,724
Income from operations 44,808 29,487 87,300 34,771
Other (expense) income:        
Change in fair value of warrant liabilities (33,304) (976) (54,911) 4,195
Income from equity method investment 1,121 0 2,197 0
Other income 79 79 159 159
Income before income taxes 12,704 28,590 34,745 39,125
Income tax expense 1,224 914 2,875 1,318
Net income 11,480 27,676 31,870 37,807
Less: net income attributable to noncontrolling interest 32,260 24,610 64,022 29,204
Net (loss) income attributable to OppFi Inc. $ (20,780) $ 3,066 $ (32,152) $ 8,603
(Loss) earnings per common share:        
Basic (in dollars per share) $ (0.78) $ 0.16 $ (1.28) $ 0.44
Diluted (in dollars per share) $ (0.78) $ 0.16 $ (1.28) $ 0.36
Weighted average common shares outstanding:        
Basic (in shares) 26,610,330 19,675,934 25,158,196 19,440,680
Diluted (in shares) 26,610,330 19,675,934 25,158,196 86,148,477