NYSE$OPFI

Oppfi Inc · Q3 2022 earnings

Q3 2022 earnings · · Investor relations

Briefing

OppFi's Q3 2022 financial results were reported, revealing a 35% year-over-year increase in revenue, but a net loss was experienced.

OppFi reported a 35% increase in revenue to $124.2 million, but experienced a net loss of $0.7 million. The company saw an 11% increase in net originations and a 39% increase in ending receivables. Adjusted net income was $0.8 million, and adjusted EPS was $0.01.

  • Revenue increased 35% year over year to $124.2 million.
  • Net originations increased 11% year over year to $182.7 million.
  • Ending receivables increased 39% year over year to $407.7 million.
  • Net loss of $(0.7) million and Adjusted Net Income of $0.8 million were reported.

Headline financials

Total Revenue

$124M

Previous: $91.4M+35.3%
EPS (adj)

$0.01

Previous: $0.21-95.2%
Auto-approval rate

69.0%

Previous: 58.0%+19.0%
Net charge-offs vs revenue

66.0%

Previous: 36.0%+83.3%
Free Cash Flow

-$571K

Previous: $14.1M-104.0%
Net Income

-$571K

Previous: $14.1M-104.0%
Operating Income

-$969K

Previous: $11.5M-108.4%
Gross Profit

$123M

Previous: $91.3M+34.4%
Cash & Equivalents

$50.5M

Previous: $27.6M+82.7%
Total Assets

$580M

Previous: $441M+31.6%
Stock-Based Comp

$762K

Previous: $943K-19.2%

Revenue & EPS history

OppFi · Revenue · Quarterly

$124M

Q3 2022+35.3%vs Q3 2021
Beat estimate in 12 of 15 quarters(80%)
ActualEstimate

Forward guidance

OppFi reaffirms its full-year 2022 financial guidance: 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; and Break-even or a modest net loss, on an adjusted basis.

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 Q3 2022

Historical avgQ3 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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