Oppfi Inc. · NYSE:OPFI
Oppfi — Q1 2025 Earnings Presentation
19 slides from Oppfi's earnings presentation, May 7, 2025
Slide 1: Q1 2025 Earnings Presentation
Q1 2025 Earnings Presentation May 7, 2025
Slide 2: Disclaimer
Disclaimer This presentation (the “Presentation”) of OppFi Inc. (“OppFi” or the “Company”) is for information purposes only. Certain information contained herein has been derived from sources prepared by third parties. While such information is believed to be reliable for the purposes used herein, t
Slide 3: Q1 2025 Earnings Highlights
Q1 2025 Earnings Highlights: Greater Than 2x Net Income Growth Year over Year; Record Quarterly Total Revenue Net income increased $10.3 million year over Net income margin increased by 650 basis year to $20.4 million, and Adjusted Net Income points to 14.5%, and adjusted net income increased $25.0
Slide 4: At-A-Glance
Mission-driven Platform Providing best in class products and customer service with an 80 NPS Score1 At-A-Glance Significant Economic Scale OppFi is a leading tech-enabled Facilitated more than $7.4 billion in gross loan issuance digital finance platform that works with covering over 4.2 million loan
Slide 5: Outstanding Customer Satisfaction
Outstanding Customer Satisfaction 80 Net Promoter Score (NPS) Simple, Transparent Loans and Exceptional Customer Service Selected Customer Testimonials “ 6,000+ Paid-In-Full Customers return every month, It is the easiest loan process I have ever done. The website is very well designed. I also demon
Slide 6: Financial Highlights
Financial Highlights
Slide 7: Q1 2025 Financial Highlights
Q1 2025 Financial Highlights More than doubled adjusted net income year over year, driven by record revenue, improvements in net charge-offs, and prudent expense management $20.4M Net Income $34 $0.38 $(11.3M) Net Loss Attributable to OppFi Inc. $33.8M +285% +277% Adj. Net Income1 $(0.48) Basic EPS
Slide 8: Q1 2025 Performance: Improvement Across Key Profitability Drivers
Q1 2025 Performance: Improvement Across Key Profitability Drivers $140 49.0% 47.9% 44.4% 45.5% $127 +10% $120 -24% -28% 34.4% 34.6% Q1 2023 Q1 2024 Q1 2025 Q1 2023 Q1 2024 Q1 2025 Q1 2023 Q1 2024 Q1 2025 Total Revenue ($M) Net Charge-Off Rate1 Operating Expense Margin Total revenue increased 10.1% Y
Slide 9: Q1 2025 Key Performance Indicators
Q1 2025 Key Performance Indicators UNAUDITED QUARTER ENDED • Total net originations increased 16% year over year as a result of increased ($ in millions) 3/31/2025 3/31/2024 demand from returning customers and improvements to our credit model driving higher issuance for our refinance and returning c
Slide 10: Free Cash Flow Generation & Capital Allocation Optionality
Free Cash Flow Generation ($M)1 Free Cash Flow Nearly $50M in free cash flow generated in Q1 2025 Generation & Capital $56.4 Allocation Optionality $49.5 2025 Key Liquidity and Capital Allocation Highlights • $30.0M in repayment of remaining corporate term loan Q1 2024 Q1 2025 debt outstanding (Q1-2
Slide 11: Full Year 2025 Earnings Guidance
Full Year 2025 Earnings Guidance Total Revenue Adjusted Net Income1 Adjusted EPS1,2 $563M $106M $1.18 to to to $594M $113M $1.26 Raised from Raised from Affirmed $1.06 to $1.07 $95M - $97M 1. Non-GAAP Financial Measures: Adjusted Net Income and Adjusted EPS are financial measures that have not been
Slide 12: Appendix
Appendix
Slide 13: Q1 2025 Income Statement
Q1 2025 Income Statement (in Thousands, except share and per share data) Three Months Ended March 31, Variance (Unaudited) 2025 2024 $ % Interest and loan related income $ 139,118 $ 126,279 $ 12,839 10.2% Other revenue 1,150 1,064 86 8.1% Total revenue 140,268 127,343 12,925 10.1% Change in fair val
Slide 14: Condensed Balance Sheet
Condensed Balance Sheet March 31, December 31, Variance (in Thousands) 2025 2024 $ % Unaudited Assets Cash and restricted cash $ 90,768 $ 88,288 $ 2,480 2.8% Finance receivables at fair value 454,683 473,696 (19,013) (4.0%) Equity method investment 18,503 19,194 (691) (3.6%) Other assets 76,118 59,9
Slide 15: Condensed Cash Flow Statement
Condensed Cash Flow Statement (in Thousands) Three Months Ended March 31, Variance (Unaudited) 2025 2024 $ % Net cash provided by operating activities $ 83,740 $ 74,427 $ 9,313 12.5% Net cash used in investing activities (34,241) (18,005) (16,236) 90.2% Net cash used in financing activities (47,019)
Slide 16: Adjusted Net Income Reconciliation
Q1 2025 Adjusted Net Income Reconciliation (in Thousands, except share and per share data) Three Months Ended March 31, Variance (Unaudited) 2025 2024 $ % Net income $ 20,390 $ 10,131 $ 10,259 101.3% Income tax expense 1,651 404 1,247 308.5% Other income (80) (80) - - Change in fair value of warrant
Slide 17: Adjusted Earnings per Share Reconciliation
Q1 2025 Adjusted Earnings per Share Reconciliation Three Months Ended March 31, (Unaudited) 2025 2024 Weighted average Class A common stock outstanding 23,691,769 19,205,427 Weighted average Class V voting stock outstanding 62,698,935 91,898,193 Elimination of earnouts at period end - (25,500,000) D
Slide 18: Free Cash Flow Reconciliation
Free Cash Flow Reconciliation (in Thousands) Three Months Ended March 31, Variance (Unaudited) 2025 2024 $ % Net cash provided by operating activities $ 83,740 $ 74,427 $ 9,313 12.5% Net cash used in investing activities (34,241) (18,005) (16,236) 90.2% Free cash flow 1 $ 49,499 $ 56,422 $ (6,923) (
Slide 19: Thank You
Thank You