The story
Founded by Todd Schwartz in 2012.1
OPFI on NYSE
OppFi Inc.
Logo: Oppfiseo, CC BY-SA 4.0, via Wikimedia Commons3
Fintech Company.1
Price unavailable
Last updated Oct 18, 2026.
Overview
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Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Key numbers, fiscal 2025
Where the money goes
Where each dollar of revenue went, fiscal 2025
- Other costs90¢$345.0M
- Income tax3¢$9.9M
- Profit7¢$26.3M
Out of $381.2M in revenue.4
Where each dollar of operating cash went, fiscal 2025
- Dividends paid2¢$6.4M
- Share buybacks4¢$15.5M
- Kept or used elsewhere95¢$379.4M
Out of $401.3M of cash from operations.4
Financial statements
Every line of the income statement as filed: the last 3 fiscal years, latest first.4
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Interest on finance receivables | $591.8M | $521.2M | $505.4M |
| Other revenue | $5.3M | $4.7M | $3.5M |
| Interest and other income | $597.0M | $526.0M | $508.9M |
| Change in fair value of finance receivables | -$215.9M | -$204.4M | -$231.4M |
| Provision for credit losses on finance receivables | $0 | -$42.0K | -$4.3M |
| Net revenue | $381.2M | $321.5M | $273.2M |
| Salaries and employee benefits | $60.7M | $60.5M | $60.7M |
| Direct marketing costs | $50.9M | $49.2M | $50.6M |
| Interest expense and amortized debt issuance costs | $39.4M | $44.7M | $46.8M |
| Professional fees | $20.1M | $21.6M | $18.0M |
| Technology costs | $12.4M | $12.2M | $12.5M |
| Payment processing fees | $6.6M | $7.1M | $10.4M |
| Depreciation and amortization | $5.2M | $9.6M | $12.7M |
| Occupancy | $4.1M | $4.0M | $4.4M |
| Exit costs, net | -$1.4M | $3.0M | $0 |
| Lower of cost or market adjustment on transfer of finance receivables from held for sale to held for investment | $0 | $0 | -$3.0M |
| General, administrative and other | $16.6M | $15.1M | $13.6M |
| Total expenses | $214.5M | $226.9M | $226.8M |
| Income from operations | $166.7M | $94.5M | $46.4M |
| Change in fair value of warrant liabilities | -$11.3M | -$8.2M | -$5.0M |
| Income from equity method investment | $5.0M | $1.4M | $0 |
| Other (expense) income, net | -$4.2M | $318.0K | $431.0K |
| Income before income taxes | $156.1M | $88.1M | $41.8M |
| Income tax expense | $9.9M | $4.2M | $2.3M |
| Net income | $146.2M | $83.8M | $39.5M |
| Less: net income attributable to noncontrolling interest | $119.9M | $76.6M | $40.5M |
| Net income (loss) attributable to OppFi Inc. | $26.3M | $7.3M | -$1.0M |
| Basic (in dollars per share) | $0.99 | $0.36 | -$0.06 |
| Diluted (in dollars per share) | $0.99 | $0.36 | -$0.06 |
| Basic (in shares) | 26.5M shares | 20.1M shares | 16.4M shares |
| Diluted (in shares) | 26.5M shares | 20.1M shares | 16.4M shares |
No quarter-by-quarter statement was filed.
Every line of the balance sheet as filed: the last 4 fiscal years (annual) or 4 quarters (quarterly), latest first.4
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Cash | $49.5M | $61.3M | ||
| Restricted cash | $43.8M | $26.9M | ||
| Total cash and restricted cash | $93.3M | $88.3M | $73.9M | $49.7M |
| Finance receivables at fair value | $546.2M | $473.7M | ||
| Settlement receivable | $0 | $2.0M | ||
| Equity method investment | $19.1M | $19.2M | ||
| Debt issuance costs, net | $5.0M | $2.7M | ||
| Property, equipment and software, net | $27.6M | $13.7M | ||
| Operating lease right-of-use assets | $8.8M | $10.6M | ||
| Deferred tax asset | $32.6M | $21.3M | ||
| Other assets | $21.4M | $9.6M | ||
| Total assets | $754.1M | $641.2M | ||
| Accounts payable | $2.8M | $879.0K | ||
| Accrued expenses | $43.4M | $32.4M | ||
| Operating lease liabilities | $11.4M | $13.3M | ||
| Senior debt, net | $321.4M | $318.8M | ||
| Warrant liabilities | $26.5M | $15.1M | ||
| Tax receivable agreement liability | $39.8M | $26.5M | ||
| Total liabilities | $445.2M | $407.0M | ||
| Preferred stock, $0.0001 par value (1,000,000 shares authorized with no shares issued and outstanding as of December 31, 2025 and 2024) | $0 | $0 | ||
| Additional paid-in capital | $113.5M | $93.9M | ||
| Accumulated deficit | -$33.5M | -$55.1M | ||
| Treasury stock, at cost (3,280,573 and 1,738,624 shares as of December 31, 2025 and 2024, respectively) | -$21.5M | -$6.0M | ||
| Total OppFi Inc.s stockholders equity | $58.5M | $32.8M | ||
| Noncontrolling interest | $250.4M | $201.4M | ||
| Total stockholders equity | $308.9M | $234.2M | $194.0M | $159.2M |
| Total liabilities and stockholders equity | $754.1M | $641.2M | ||
| Preferred stock, par or stated value per share (in dollars per share) | $0.00 | $0.00 | ||
| Preferred stock, shares authorized (in shares) | 1.0M shares | 1.0M shares | ||
| Preferred stock, shares issued (in shares) | 0 shares | 0 shares | ||
| Preferred stock, shares outstanding (in shares) | 0 shares | 0 shares | ||
| Treasury stock (in shares) | 3.3M shares | 1.7M shares |
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Cash | $49.5M | $61.3M | ||
| Restricted cash | $43.8M | $26.9M | ||
| Total cash and restricted cash | $93.3M | $88.3M | $73.9M | $49.7M |
| Finance receivables at fair value | $546.2M | $473.7M | ||
| Settlement receivable | $0 | $2.0M | ||
| Equity method investment | $19.1M | $19.2M | ||
| Debt issuance costs, net | $5.0M | $2.7M | ||
| Property, equipment and software, net | $27.6M | $13.7M | ||
| Operating lease right-of-use assets | $8.8M | $10.6M | ||
| Deferred tax asset | $32.6M | $21.3M | ||
| Other assets | $21.4M | $9.6M | ||
| Total assets | $754.1M | $641.2M | ||
| Accounts payable | $2.8M | $879.0K | ||
| Accrued expenses | $43.4M | $32.4M | ||
| Operating lease liabilities | $11.4M | $13.3M | ||
| Senior debt, net | $321.4M | $318.8M | ||
| Warrant liabilities | $26.5M | $15.1M | ||
| Tax receivable agreement liability | $39.8M | $26.5M | ||
| Total liabilities | $445.2M | $407.0M | ||
| Preferred stock, $0.0001 par value (1,000,000 shares authorized with no shares issued and outstanding as of December 31, 2025 and 2024) | $0 | $0 | ||
| Additional paid-in capital | $113.5M | $93.9M | ||
| Accumulated deficit | -$33.5M | -$55.1M | ||
| Treasury stock, at cost (3,280,573 and 1,738,624 shares as of December 31, 2025 and 2024, respectively) | -$21.5M | -$6.0M | ||
| Total OppFi Inc.s stockholders equity | $58.5M | $32.8M | ||
| Noncontrolling interest | $250.4M | $201.4M | ||
| Total stockholders equity | $308.9M | $234.2M | $194.0M | $159.2M |
| Total liabilities and stockholders equity | $754.1M | $641.2M | ||
| Preferred stock, par or stated value per share (in dollars per share) | $0.00 | $0.00 | ||
| Preferred stock, shares authorized (in shares) | 1.0M shares | 1.0M shares | ||
| Preferred stock, shares issued (in shares) | 0 shares | 0 shares | ||
| Preferred stock, shares outstanding (in shares) | 0 shares | 0 shares | ||
| Treasury stock (in shares) | 3.3M shares | 1.7M shares |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
Every line of the cash flow as filed: the last 3 fiscal years, latest first.4
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Net income | $146.2M | $83.8M | $39.5M |
| Change in fair value of finance receivables | $215.9M | $204.4M | $231.4M |
| Provision for credit losses on finance receivables | $0 | $42.0K | $4.3M |
| Depreciation and amortization | $5.2M | $9.6M | $12.7M |
| Debt issuance cost amortization | $3.2M | $2.4M | $2.4M |
| Stock-based compensation expense | $10.0M | $5.3M | $4.1M |
| Loss on disposition of equipment | $2.0K | $5.0K | $3.0K |
| Lower of cost or market adjustment on transfer of finance receivables from held for sale to held for investment | $0 | $0 | -$3.0M |
| Impairment of right of use asset | $155.0K | $0 | $0 |
| Tax receivable agreement liability adjustment | $1.2M | $75.0K | $163.0K |
| Deferred income taxes | $4.9M | $3.4M | $1.7M |
| Change in fair value of warrant liabilities | $11.3M | $8.2M | $5.0M |
| Gain on forgiveness of debt | $0 | $0 | -$113.0K |
| Income from equity method investment | -$5.0M | -$1.4M | $0 |
| Distributions received from equity method investment | $5.1M | $1.1M | $0 |
| Noncash litigation expense | $4.5M | $0 | $0 |
| Accrued interest receivable | $283.0K | -$285.0K | -$2.3M |
| Settlement receivable | $2.0M | -$132.0K | $96.0K |
| Operating lease, net | -$276.0K | -$170.0K | -$90.0K |
| Other assets | -$3.2M | $555.0K | $3.5M |
| Accounts payable | $1.9M | -$3.6M | -$1.9M |
| Accrued expenses | -$2.0M | $10.4M | -$1.4M |
| Net cash provided by operating activities | $401.3M | $323.8M | $296.1M |
| Finance receivables acquired and originated | -$1.3B | -$1.2B | -$1.2B |
| Finance receivables repayments | $989.3M | $1.0B | $986.0M |
| Purchases of equipment and capitalized technology | -$19.1M | -$13.0M | -$9.0M |
| Acquisition of equity method investment | $0 | -$16.0M | $0 |
| Net cash used in investing activities | -$307.8M | -$243.4M | -$244.3M |
| Member distributions | -$58.5M | -$42.4M | -$10.2M |
| Payments of secured borrowing payable | $0 | $0 | -$643.0K |
| Borrowings of senior debt - revolving lines of credit | $253.3M | $217.0M | $186.7M |
| Payments of senior debt - revolving lines of credit | -$220.7M | -$211.4M | -$199.3M |
| Payments of senior debt - term loan | -$30.0M | -$20.0M | $0 |
| Payments of notes payable | $0 | -$1.4M | -$2.6M |
| Payments for debt issuance costs | -$5.4M | -$828.0K | -$1.7M |
| Proceeds from employee stock purchase plan | $423.0K | $294.0K | $328.0K |
| Exercise of warrants | $5.0K | $0 | $0 |
| Exercise of stock options | $1.0K | $0 | $59.0K |
| Payments of tax withholdings on vesting of restricted stock units | -$4.6M | -$1.3M | -$280.0K |
| Payments on tax receivable agreement liability | -$1.0M | $0 | $0 |
| Purchase of treasury stock | -$15.5M | -$3.6M | $0 |
| Dividend paid on common stock | -$6.4M | -$2.4M | $0 |
| Net cash used in financing activities | -$88.5M | -$66.0M | -$27.6M |
| Net increase in cash and restricted cash | $5.0M | $14.3M | $24.3M |
| Interest paid on borrowed funds | $36.1M | $42.6M | $43.7M |
| Income taxes paid | $6.1M | $475.0K | $73.0K |
| Adjustments to additional paid-in capital as a result of tax receivable agreement | -$9.8M | -$1.1M | $459.0K |
| Adjustments to additional paid-in capital as a result of adjustment to deferred tax asset | $12.9M | -$1.3M | $997.0K |
| Issuance of Class V shares related to equity investment | $0 | $2.8M | $0 |
| Forfeitures of Class V shares related to forfeiture of earnout units | $0 | $2.0K | $0 |
| Operating lease right of use asset recognized | $0 | $0 | $159.0K |
| Operating lease liability recognized | $0 | $0 | $159.0K |
| Reclassification of finance receivables held for sale to held for investment | $0 | $0 | $2.6M |
| Prepaid insurance financed with promissory notes | $0 | $0 | $2.4M |
No quarter-by-quarter statement was filed.
Leadership
Who has led OppFi Inc., and when. Pick a name to see everywhere that person has worked.
Chief executive
Chair
Chief financial officer
Chief operating officer
201520202025
- FounderTodd Schwartz1
- Chief executive officerLarry G. Swets Jr. Sep 29, 2020 to Jul 2, 202114
- Chief executive officerTodd Schwartz 2012 to Sep 29, 202015
- ChairJoe Moglia Oct 2, 2020 to Oct 2, 202016
- PresidentNeville Crawley Jul 23, 2021 to Oct 4, 202117
- PresidentKyle Cerminara Sep 29, 2020 to Apr 5, 202118
- Chief financial officerPamela D. Johnson Nov 30, 2022 to now19
- Chief financial officerShah Shiven Jul 23, 2021 to Oct 4, 202120
- Chief financial officerHassan Baqar Sep 29, 2020 to Apr 5, 202121
- Chief operating officerSalvador Hazday Jul 23, 2021 to Jul 23, 202122
Board members and other officers (12)
- Chief Accounting OfficerPamela D. Johnson Jul 23, 2021 to Oct 4, 202123
- Board memberDavid Vennettilli Jul 23, 2021 to now24
- Board memberGregory T. Zeeman Jul 23, 2021 to now25
- Board memberJocelyn Moore Jul 23, 2021 to now26
- Board memberTheodore G. Schwartz Jul 23, 2021 to now27
- Board memberTodd Schwartz Jul 23, 2021 to now28
- Board memberChristina M. Favilla Jul 26, 2021 to now29
- Board memberJoe Moglia Sep 29, 2020 to Oct 16, 202030
- Board memberKyle Cerminara Sep 29, 2020 to Apr 5, 202118
- Board memberLarry G. Swets Jr. Sep 29, 2020 to Jul 2, 202114
- Board memberNicholas S. Rudd Sep 29, 2020 to Sep 29, 202031
- Board memberRobert C. Weeks Sep 29, 2020 to Sep 29, 202032
Subsidiaries and ownership
Subsidiaries
From Wikidata.1
Former names
- FG New America Acquisition Corp.Jul 22, 2020 to Jul 20, 20215
Timeline
Filings
587 filings to the SEC since October 2021: 7 annual reports, 18 quarterly reports, 57 major events, 362 insider forms, 41 large holders, 102 other. The latest 20:
- Oct 5, 20264 EDGAR
- Oct 5, 20264 EDGAR
- Oct 5, 20264 EDGAR
- Sep 21, 20268-K EDGAR
- Sep 15, 20264 EDGAR
- Sep 15, 20264 EDGAR
- Sep 11, 2026144 EDGAR
- Sep 11, 20264 EDGAR
- Sep 10, 20264 EDGAR
- Sep 9, 20264 EDGAR
- Sep 8, 20264 EDGAR
- Sep 4, 20264 EDGAR
- Sep 3, 20264 EDGAR
- Sep 2, 20264 EDGAR
- Sep 1, 20264 EDGAR
- Aug 31, 20264 EDGAR
- Aug 28, 20264 EDGAR
- Aug 28, 20264 EDGAR
- Aug 27, 20264 EDGAR
- Aug 26, 2026144 EDGAR
The 587 filings since October 2021 can be filtered by form type and year here when JavaScript is on.
Every filing from the last three years, summarized. The full record is on SEC EDGAR.
Insider trades and holders
Large holders
Investors who own more than 5% must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively. 41 such filings since October 2021, the latest 10:
- Aug 14, 2026SCHEDULE 13G/A
- Aug 14, 2026SCHEDULE 13G/A
- Aug 13, 2026SCHEDULE 13G/A
- Aug 13, 2026SCHEDULE 13G/A
- Jul 31, 2026SCHEDULE 13G/A
- Jul 29, 2026SCHEDULE 13G/A
- May 15, 2026SCHEDULE 13G/A
- May 15, 2026SCHEDULE 13G
- Apr 30, 2026SCHEDULE 13G
- Apr 30, 2026SCHEDULE 13D/A
From Forms 4 and Schedules 13D and 13G filed with the SEC.
Held by these funds
The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.
| Fund | Shares | Value | Share of the fund | Change |
|---|---|---|---|---|
| Wellington Management Group Llp | 3,019,250 | $30.0M | 0.0% | +389,082 |
| Vanguard Capital Management LLC | 2,216,792 | $22.0M | 0.0% | +1,030,639 |
| BlackRock, Inc. | 2,047,243 | $20.3M | 0.0% | +111,860 |
| Citadel Advisors LLC | 1,066,428 | $10.6M | 0.0% | +555,452 |
| Corsair Capital Management, L.P. | 1,053,379 | $10.5M | 1.3% | +1,023,699 |
| Geode Capital Management, LLC | 742,860 | $7.4M | 0.0% | +131,676 |
| Two Sigma Investments, LP | 669,257 | $6.6M | 0.0% | −427,011 |
| Dimensional Fund Advisors LP | 646,233 | $6.4M | 0.0% | +220,144 |
| Nuveen, LLC | 641,376 | $6.4M | 0.0% | −11,220 |
| LB Partners LLC | 632,500 | $6.3M | 4.3% | +132,500 |
| State Street Corp | 564,617 | $5.6M | 0.0% | +28,399 |
| Renaissance Technologies LLC | 533,008 | $5.3M | 0.0% | −97,300 |
| Goldman Sachs Group Inc | 454,143 | $4.5M | 0.0% | +125,619 |
| Ameriprise Financial Inc | 448,142 | $4.5M | 0.0% | +323,314 |
| Morgan Stanley | 415,829 | $4.1M | 0.0% | −294,479 |
| UBS Group AG | 355,108 | $3.5M | 0.0% | +25,892 |
| Millennium Management LLC | 333,114 | $3.3M | 0.0% | −108,673 |
| Globeflex Capital L P | 326,313 | $3.2M | 0.4% | −8,128 |
| Northern Trust Corp | 300,944 | $3.0M | 0.0% | +105,234 |
| PL Capital Advisors, LLC | 300,000 | $3.0M | 0.8% | New |
| Jpmorgan Chase & Co | 285,021 | $2.7M | 0.0% | −380,035 |
| Vanguard Fiduciary Trust Co | 253,483 | $2.5M | 0.0% | +64,330 |
| LPL Financial LLC | 206,417 | $2.0M | 0.0% | −4,951 |
| Kestra Advisory Services, LLC | 189,253 | $1.9M | 0.0% | +13,206 |
| Bank Of America Corp /de/ | 185,995 | $1.8M | 0.0% | +5,512 |
13F reports cover disclosed long positions in U.S. stocks only.
Links
- Websitewww.oppfi.com1
- X (Twitter)x.com/opp_fi1
- WikidataQ130281150
- SEC EDGARCIK 1818502
Sources
The numbers on this page point here. Each one links to the record it came from.
- 1WikidataOppFi Inc. on Wikidata
- 2SEC EDGAROppFi Inc. filings on SEC EDGAR
- 3Wikimedia CommonsOppFi Inc. logo by Oppfiseo, CC BY-SA 4.0
- 4SEC EDGAROppFi Inc. 10-K for fiscal 2025
- 5SEC EDGAROppFi Inc. filings on SEC EDGAR
- 6SEC EDGAROppFi Inc. 10-K for fiscal 2019
- 7SEC EDGAROppFi Inc. 10-K for fiscal 2020
- 8SEC EDGAROppFi Inc. 10-K for fiscal 2021
- 9SEC EDGAROppFi Inc. 10-K for fiscal 2022
- 10SEC EDGAROppFi Inc. 10-Q for fiscal 2025
- 11SEC EDGAROppFi Inc. 10-Q for fiscal 2026
- 12SEC EDGAROppFi Inc. 10-Q for fiscal 2026
- 13SEC EDGAROppFi Inc. 10-K for fiscal 2020
- 14
- 15Wikidata and SEC EDGARTodd Schwartz, Chief executive officer
- 16SEC EDGARJoe Moglia, Chair
- 17SEC EDGARNeville Crawley, President
- 18SEC EDGARKyle Cerminara, President
- 19
- 20SEC EDGARShah Shiven, Chief financial officer
- 21
- 22
- 23
- 24SEC EDGARDavid Vennettilli, Board member
- 25SEC EDGARGregory T. Zeeman, Board member
- 26SEC EDGARJocelyn Moore, Board member
- 27SEC EDGARTheodore G. Schwartz, Board member
- 28SEC EDGARTodd Schwartz, Board member
- 29SEC EDGARChristina M. Favilla, Board member
- 30SEC EDGARJoe Moglia, Board member
- 31SEC EDGARNicholas S. Rudd, Board member
- 32SEC EDGARRobert C. Weeks, Board member