OppFi(NYSE) OPFI

OppFi helps people who cannot get traditional bank loans. Its digital platform offers personal credit to underserved consumers. These tools help everyday Americans build better financial health.

Helping People Access Credit

• OppLoans: Personal loans paid back in fixed amounts over time; serves as the platform's primary lending product.
• SalaryTap: Payroll deduction installment loans; allows borrowers to pay back debt directly from their paychecks.
• OppFi Card: Credit card product; targets consumers who are underserved by traditional financial institutions.

New Partners and Simpler Structures

• Agreed to merge with BNCCORP, Inc. in April 2026 to operate as a bank holding company.
• Completed a corporate simplification in April 2026 to bring all business operations under a single corporate structure.
• Terminated a tax payment agreement in April 2026 for an early settlement of $40.8 million to simplify the balance sheet.

What Makes OppFi Different

OppFi uses automated technology and data science to help bank partners lend to consumers with low credit scores. Its platform handles everything from finding customers to managing loan payments through a fully digital experience.

A Look at the Numbers

• Revenue rose to $151.9 million in Q1 2026, up 8.3% from the same period in 2025.
• Net income hit $28.4 million in Q1 2026, improving from an $11.4 million loss the year before.
• Gross profit grew to $145.7 million in Q1 2026, up 25.4% year-over-year.
• Operating cash flow increased to $90.8 million in Q1 2026, up 8.4% from Q1 2025.
• Free cash flow dropped to $0 in Q1 2026, down 100% from $79.3 million in Q1 2025.

The Final Word

OppFi is evolving from a technology partner for banks into a vertically integrated financial services firm. By acquiring a bank and simplifying its corporate structure, the company aims to lower its funding costs and improve long-term stability.