OppFi lowers FY outlook after Q3 revenue decline
- OppFi press release (OPFI): Q3 Non-GAAP EPS of $0.37 beats by $0.03.
- Revenue of $149.23M (-3.8% Y/Y) misses by $3.56M.
FY2026 guidance: Revenue of $600M–$610M (vs. consensus: $611.36M); adjusted net income of $115M–$120M; adjusted EPS of $1.34–$1.40 (consensus: $1.41).
Net income attributable to OppFi: $34.5M, down 17.2% Y/Y; adjusted net income was $31.6M, down 22.5%.
Key metrics: Net originations fell 6.8% Y/Y to $229.3M; ending receivables declined 4.7% to $458.6M. Net charge-offs were 40.1% of revenue, versus 35.1% a year earlier.
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