NYSE$OPFI
Oppfi Inc · Q3 2023 earnings
Q3 2023 earnings · · Investor relations
Briefing
OppFi's financial performance improved in Q3 2023, with increased revenue, net income, and adjusted EPS, leading to raised full-year earnings outlook.
OppFi reported a 7% year-over-year increase in total revenue, reaching $133.2 million for Q3 2023. Net income stood at $15.5 million, with an adjusted net income of $13.8 million. The company raised its full-year adjusted net income and adjusted earnings per share guidance for the third time this year.
- Total revenue increased by 7% year-over-year to $133.2 million.
- Net income reached $15.5 million.
- Adjusted net income was reported at $13.8 million.
- Adjusted EPS was $0.16 for the quarter.
Headline financials
Revenue & EPS history
OppFi · Revenue · Quarterly
$133M
Forward guidance
OppFi affirmed total revenue guidance and raised adjusted net income and adjusted earnings per share guidance for the full year 2023.
Tailwinds
- Affirm total revenue $500 million to $520 million, resulting in approximately 10% to 15% growth year over year
- Raise adjusted net income $40 million to $42 million, from previous range of $29 million to $35 million
- Increase adjusted earnings per share $0.47 to $0.49 based on approximate weighted average diluted share count of 85.5 million
- Previous range of adjusted net income was $29 million to $35 million
- Previous range of adjusted EPS was $0.34 to $0.41
Headwinds
- The guidance is based on current expectations and assumptions about future events
- The guidance involves significant risks and uncertainties that could cause the actual results to differ materially from the expected results
- Economic slowdowns could impact OppFi's business
- Inflation and interest rate changes could impact OppFi's business
- Recessions and tightening of credit markets on OppFi’s business
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 2023
+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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