NYSE$OPFI

Oppfi Inc · Q1 2022 earnings

Q1 2022 earnings · · Investor relations

Briefing

OppFi's financial performance in Q1 2022 reflected robust customer demand and strategic focus on stronger credit segments, with revenue increasing by 20% year-over-year.

OppFi reported a 20% year-over-year increase in revenue to $100.7 million for Q1 2022. Net originations increased by 63% year-over-year to $162.8 million, and ending receivables increased by 38% year-over-year to $338.5 million. The company reported a net loss of $(0.3) million and an adjusted net income of $0.6 million.

  • Revenue increased 20% year-over-year to $100.7 million.
  • Net originations increased 63% year-over-year to $162.8 million.
  • Ending receivables increased 38% year-over-year to $338.5 million.
  • Net loss of $(0.3) million, with adjusted net income of $0.6 million.

Headline financials

Total Revenue

$100M

No prior period
EPS (adj)

$0.01

No prior period
Auto-approval rate

61.0%

No prior period
Net charge-offs vs revenue

56.0%

No prior period
Free Cash Flow

$1.08M

No prior period
Net Income

$1.08M

No prior period
Operating Income

-$2.16M

No prior period
Gross Profit

$99.6M

No prior period
Cash & Equivalents

$59.9M

No prior period
Total Assets

$513M

No prior period
Stock-Based Comp

$579K

No prior period

Revenue & EPS history

OppFi · Revenue · Quarterly

$100M

Q1 2022
Beat estimate in 12 of 15 quarters(80%)
ActualEstimate

Forward guidance

OppFi re-affirms its previously issued full-year 2022 financial guidance.

Tailwinds

  • Total revenue and ending receivables growth of 20% to 25% year over year
  • Net revenue margin between 60% and 65%
  • Adjusted operating expenses, as percentage of total revenue between 43% and 47%
  • Adjusted EBITDA margin between 20% to 25%
  • Adjusted net income margin between 8% and 12%

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 19 quarterly earnings reports · overlaid with Q1 2022

Historical avgQ1 2022

+3.0%

Avg return

Earnings day

+2.2%

Avg return

5 days after

+7.0%

Avg return

30 days after

63%

12 / 19 earnings

Positive

+20.6%

Q3 2024

Best reaction

-19.9%

Q4 2023

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+0.9%-4.7%-14.8%
Q4 2025-5.9%-9.9%-10.9%
Q3 2025+4.1%+0.6%-0.9%
Q1 2025+11.6%+25.4%+46.2%
Q4 2024+10.8%-3.2%-11.6%
Q3 2024+20.6%+32.0%+34.8%
Q2 2024+17.0%+36.0%+20.1%
Q1 2024+14.1%+13.3%+19.3%
Q4 2023-19.9%-29.6%-33.4%
Q3 2023+0.4%+5.7%+58.1%
Q2 2023+6.0%+17.4%+21.6%
Q1 2023+5.0%+2.5%+13.4%
Q4 2022+10.9%+13.2%+13.8%
Q3 2022-9.8%+5.1%+14.0%
Q2 2022+0.0%-19.9%-28.6%
Q1 2022-4.5%-19.6%-6.5%
Q4 2021-5.3%+5.3%+5.3%
Q3 2021+3.3%-10.8%-30.0%
Q2 2021-2.2%-16.7%+22.5%

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