OppFi’s (OPFI) $0.23 Adj. EPS in Q4 Shatters Expectations

Neither the author, Tim Fries, nor this website, The Tokenist, provide financial advice. Please consult our website policy prior to making financial decisions. OppFi Inc. (NYSE: OPFI) has reported impressive financial results for the fourth quarter of 2024, showcasing substantial growth in key financial metrics. The company achieved a net income of $14.0 million, marking a staggering 619.7% increase compared to the same period in the previous year.

Additionally, the adjusted net income rose by 140.3% to $20.3 million, reflecting the company’s strategic focus on operational excellence and customer satisfaction. The total revenue for the quarter reached $135.7 million, a 2.1% rise from the previous year’s fourth quarter, demonstrating steady growth in OppFi’s operations. The company’s commitment to providing high-quality credit access to its customers has been a pivotal factor in its successful performance.

CEO Todd Schwartz emphasized the importance of operational excellence and continuous improvement, which have been instrumental in driving OppFi’s growth. The company has maintained a high auto-approval rate of 79% for the quarter, indicating efficient loan processing and customer trust in OppFi’s services. These efforts have collectively contributed to OppFi’s solid financial results in Q4 2024.

OppFi’s financial health is further reinforced by its robust balance sheet. As of December 31, 2024, the company reported $88.3 million in cash and restricted cash, a significant increase from the previous year. Moreover, OppFi’s ending receivables stood at $425.2 million, reflecting its strong lending capabilities.

OppFi’s Fourth-Quarter Performance Exceeds Market Expectations

OppFi’s fourth-quarter performance exceeded market expectations, showcasing the company’s ability to deliver strong financial results. Analysts had anticipated earnings per share (EPS) of $0.15 and revenue of $134.98 million for the quarter. However, OppFi outperformed these expectations with an adjusted EPS of $0.23 and total revenue of $135.7 million.

The company’s adjusted EPS of $0.23 for the quarter represents a 135.4% increase compared to the same period last year. This significant growth in EPS highlights OppFi’s effective cost management and revenue-generating strategies. The increase in total revenue, coupled with a decrease in net charge-offs as a percentage of total revenue, reflects OppFi’s strong financial discipline and ability to maintain profitability.OppFi’s ability to surpass market expectations can be attributed to its strategic initiatives and focus on customer-centric operations.

The company’s dedication to providing high-quality credit access and enhancing customer experience has played a crucial role in its financial success. As OppFi continues to prioritize these areas, it is well-positioned to sustain its growth trajectory and deliver value to shareholders

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OppFi Expects Net Adjusted Q1 Income Between $22M to $24M

Looking ahead, OppFi has provided optimistic guidance for the first quarter and full year of 2025. The company expects adjusted net income for Q1 2025 to range between $22 million and $24 million, representing a substantial year-over-year increase of 150% to 173%.

This strong outlook reflects OppFi’s confidence in its ability to maintain momentum and achieve further growth in the coming quarters. For the full year 2025, OppFi anticipates total revenue to be between $563 million and $594 million, indicating a year-over-year increase of 7% to 13%.

The company also projects adjusted net income to grow by 15% to 17%, reaching a range of $95 million to $97 million. This guidance underscores OppFi’s strategic focus on expanding its market presence and enhancing profitability through operational efficiency and customer satisfaction.OppFi’s forward-looking statements reflect its commitment to achieving sustainable growth and delivering value to its stakeholders.

The company plans to leverage its strong financial position and operational capabilities to capitalize on emerging opportunities in the financial services industry.

Disclaimer: The author does not hold or have a position in any securities discussed in the article. All stock prices were quoted at the time of writing.