NYSE$OPFI
Oppfi Inc · Q2 2021 earnings
Q2 2021 earnings · · Investor relations
Briefing
OppFi's financial performance rebounded significantly in Q2 2021, driven by economic recovery and strong credit quality.
OppFi reported strong Q2 2021 results with significant growth in net originations and ending receivables. The company's profitability remained strong, driven by improved credit quality and operating efficiency. OppFi also made progress on its growth strategies, including new products and partnerships.
- Net originations increased by 84% year-over-year and 44% sequentially.
- Ending receivables grew by 19% year-over-year.
- Revenue increased by 28% compared to Q2 2020.
- Auto approval rate improved from 41% in Q1 to 51% in Q2.
Headline financials
Revenue & EPS history
OppFi · Revenue · Quarterly
$78.4M
Forward guidance
OppFi expects revenue between $350 and $360 million, adjusted EBITDA between $120 and $125 million, and adjusted net income between $62 and $66 million for the full year 2021.
Tailwinds
- Ending receivables of approximately $380-400 million, approaching 50% growth over Q2 ending levels.
- Origination levels returning to pre-COVID levels by year-end.
- Potential upside to guidance should the realized impact of exogenous factors be less pronounced than currently assumed.
- Launch of OppFi Card to select customers.
- Agreements signed for SalaryTap with Brightside and Best Money Moves.
Headwinds
- Reduced consumer demand due to the current surge in the COVID Delta variant.
- Expected continuation of government stimulus programs that began in the second half of July.
- Original outlook for 2021 did not contemplate any 2021 government stimulus.
- Timing delays in demand due to exogenous factors.
- Uncertainty regarding the return of normalized demand due to the surge in COVID's Delta variant and extension of government stimulus programs.
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 Q2 2021
+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% |
Discussion
Share your read of this quarter. Sign-in carries your eToro identity.
Join the conversation
Sign in with eToro to post your read of this quarter and vote on others'.
Sign in with eToro