NYSE$OPFI
Oppfi Inc · Q1 2024 earnings
Q1 2024 earnings · · Investor relations
Briefing
OppFi exceeded first quarter guidance and raised full-year earnings outlook.
OppFi reported a 5.8% increase in total revenue year over year to $127.3 million and a 157.8% increase in net income year over year to $10.1 million. The company's adjusted net income increased 127.8% year over year to $8.8 million. Adjusted EPS guidance for full-year 2024 increased to $0.58 to $0.62 from $0.53 to $0.57
- Total revenue increased 5.8% year over year to $127.3 million.
- Net income increased 157.8% year over year to $10.1 million.
- Adjusted net income increased 127.8% year over year to $8.8 million.
- Unrestricted cash of $47.2 million and total receivable funding capacity of $613.7 million at the end of the first quarter of 2024
Headline financials
Revenue & EPS history
OppFi · Revenue · Quarterly
$127M
Forward guidance
OppFi affirmed total revenue guidance of $510 million to $530 million, raised adjusted net income guidance to $50 million to $54 million from previous range of $46 million to $49 million, and increased adjusted earnings per share guidance to $0.58 to $0.62 from previous range of $0.53 to $0.57.
Tailwinds
- Affirm total revenue guidance of $510 million to $530 million
- Raise adjusted net income guidance to $50 million to $54 million from previous range of $46 million to $49 million
- Increase adjusted earnings per share guidance to $0.58 to $0.62 from previous range of $0.53 to $0.57
- Strong tax refund season
- Favorable credit trends in portfolio
Headwinds
- Impact of general economic conditions
- Impact of challenging macroeconomic and marketplace conditions
- Risks related to material weakness in OppFi’s internal controls over financial reporting
- Risks related to new products
- Risks related to evaluating and potentially consummating acquisitions
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 2024
+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
| Quarter | Report date | Reaction (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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