NYSE$OPFI
Oppfi Inc · Q2 2022 earnings
Q2 2022 earnings · · Investor relations
Briefing
OppFi's financial results for Q2 2022 were reported, showing revenue increase and growth in net originations and ending receivables.
OppFi reported a 38% year-over-year increase in revenue to $107.9 million for Q2 2022. Net originations increased by 57% year-over-year, and ending receivables increased by 54% year-over-year. The company reported a net income of $9.5 million and an adjusted net income of $6.8 million, with basic and diluted EPS at $0.26 and $0.10, respectively, and adjusted EPS at $0.08.
- Revenue increased 38% year over year to $107.9 million.
- Net originations increased 57% year over year to $226.2 million.
- Ending receivables increased 54% year over year to $401.5 million.
- Net income was reported at $9.5 million.
Headline financials
Revenue & EPS history
OppFi · Revenue · Quarterly
$107M
Forward guidance
OppFi reaffirms its full-year 2022 financial guidance of total revenue growth of 20% to 25% year over year. The Company now expects to report break-even results on an adjusted basis or a modest adjusted net loss for the full year.
Tailwinds
- Reaffirms full-year 2022 financial guidance of total revenue growth of 20% to 25% year over year.
- Operating expenses as a percentage of total revenue of 43% to 47%, excluding interest expense, add backs, and one-time items.
- Company had $23.5 million in unrestricted cash as of June 30, 2022.
- Company had an additional $212.4 million of unused debt capacity under its financing facilities for future availability as of June 30, 2022.
- Total financing commitments of $550.0 million and cash on the balance sheet of $57.6 million, OppFi had $607.6 million in funding capacity as of June 30, 2022.
Headwinds
- Given limited visibility considering the current macroeconomic environment.
- Company now expects to report break-even results on an adjusted basis or a modest adjusted net loss for the full-year.
- Due to persistent high inflation that caused significant credit deterioration in the latter half of the second quarter and early third quarter.
- OppFi withdraws its previously issued guidance for metrics other than total revenue growth and operating expenses as a percentage of total revenue.
- Total cash and restricted cash decreased by $4.7 million as of June 30, 2022 compared to December 31, 2021.
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 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
| 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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