Oppfi Inc. is a US-listed company in the consumer finance industry. Its financial year ends in December.
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~$2.6
Valuation models combined (2)
Base case. Range ~$1.4–$3.9. Weighted average of 2 models (price-to-book vs return on equity (peers), price-to-book vs peers).
No Buy/Hold/Sell rating is issued: only 2 valuation models apply; a rating needs 3.
Oppfi Inc. valuation: adjust assumptions and compare models →
What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.
Revenue for the twelve months to June 2026 was $364m, up 0.2% on a year earlier, slower than the 8.2% growth a quarter earlier. That puts it 26 of 29 for growth among the consumer finance companies we cover.
Source: 10-Q filed August 10, 2026 on SEC EDGAR · Financials · Valuation
Written from the company's filings and our models when each quarter's report arrives. Figures in older notes are as published at the time. Not investment advice.
Oppfi Inc.'s trailing-twelve-month revenue grew 0.2% year on year, with a free-cash-flow margin of 105.9%. Where it stands out: operating margin of 38.3% ranks 1 of 16 consumer finance companies we cover. Where it lags: change in growth rate of -8.0pp ranks 32 of 38 consumer finance companies we cover.
Current signal Net margin expanding: TTM net margin reached 28.0%, up 37.2pp year over year.
Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.
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Third-party market data · may be delayed
Company announcements, filed results and changes that matter to shareholders.
We value Oppfi Inc. as a bank or lender, with every model that fits that kind of business. Cost of equity 9.9%: the 10-year Treasury yield (4.9%) plus a beta of 1.09 times a 4.5% equity risk premium.
| Model | Value per share | In the combined value? |
|---|---|---|
| Residual income Book value plus the present value of returns above the cost of equity, fading over ten years. | — | Does not apply: the model gives no positive value |
| Justified price-to-book Book value times (return on equity - growth) / (cost of equity - growth): steady-state returns. | — | Does not apply: return on equity is not positive |
| Price-to-book vs return on equity (peers) The price-to-book that peers with this return on equity trade on, from a line fitted across peers. | ~$1.4 | Included |
| Price-to-book vs peers Book value per share times peers' typical (harmonic-mean) price-to-book. | ~$3.9 ~$5.0–$7.5 | Included |
| Forward price-to-earnings vs peers Next year's consensus earnings per share times peers' typical (harmonic-mean) forward price-to-earnings. Uses analysts' consensus estimates (third-party data), not our forecasts. | ~$18 ~$17–$21 | Left out: far from the other models (more than 3x away from their median) |
| Dividend discount (two-stage) Dividends for five years at the growth the business can fund, then a steady payout and growth. | — | Does not apply: pays no regular dividend |
| Combined value Weighted average of the models that apply: the primary model (residual income) counts double. Models more than 5x or less than 0.2x the share price, or more than 3x away from the other models' median, are left out. | ~$2.6 ~$1.4–$3.9 | 2 models |
Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare Oppfi Inc. with banks and lenders in our coverage, using third-party market data. Model values are estimates under stated assumptions, updated as new filings arrive; not price targets or investment advice. How each model works.
Moderate moat
How hard Oppfi's competitive advantage looks for rivals to wear away, judged from 6 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.
Net income has been a median 0.9% of total assets over 6 years.
Operating margin has been a median 26.5%; its worst year was 4.9%.
Free cash flow was positive in 5 of 5 years, at a median 103.2% of revenue.
AI disruption exposure: Medium. In this industry, AI could change how the product is made or sold, without replacing the core asset. The score above includes a 5-point deduction for that exposure (52 before it).
| Fiscal year | EPS | Growth | Revenue | Growth |
|---|---|---|---|---|
| Current | $1.37 | −14% | $605m | +1% |
| Next | $1.83 | +33% | $692m | +14% |
Next year's EPS estimate has moved −16.6% in 90 days, across 4 analysts.
The consensus EPS forecast for the current fiscal year is −23.3% on 90 days ago. In the last 30 days, 0 analysts raised Oppfi Inc.'s forecast and 4 cut it.
Average of analysts' published estimates (third-party data).
| Period | Current fiscal year | Next fiscal year |
|---|---|---|
| 90 days ago | $1.79 | $2.19 |
| 60 days ago | $1.41 | $1.91 |
| 30 days ago | $1.42 | $1.93 |
| 7 days ago | $1.41 | $1.92 |
| Now | $1.37 | $1.83 |
| Quarter to | Estimate | Actual | Surprise |
|---|---|---|---|
| Sept 2026 | $0.34 | $0.37 | +7.2% |
| Jun 2026 | $0.45 | $0.33 | −25.8% |
| Mar 2026 | $0.33 | $0.35 | +6.9% |
| Dec 2025 | $0.28 | $0.30 | +6.2% |
Adjusted EPS as companies report it, against the average analyst estimate.
| Calendar year | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 to date |
|---|---|---|---|---|---|---|
| Return | ||||||
| OPFI | −55% | −55% | +150% | +56% | +41% | −47% |
| Industry peers (median) | +44% | −33% | +12% | +19% | +20% | +1% |
| S&P 500 | +29% | −18% | +26% | +25% | +18% | +11% |
| Months that ended higher | ||||||
| OPFI | 25% | 25% | 50% | 67% | 58% | 18% |
| S&P 500 | 75% | 42% | 67% | 75% | 75% | 46% |
| Largest fall from a high during the year | ||||||
| OPFI | −62% | −69% | −28% | −54% | −52% | −48% |
| S&P 500 | −5% | −25% | −10% | −8% | −19% | −9% |
Worst fall since November 20, 2020: 85% from February 10, 2021 to March 22, 2023. Getting back needed a 549% gain, reached on January 15, 2025, 665 days after the low.
| Results released | Next day | S&P 500 next day | 5 days | 21 days |
|---|---|---|---|---|
| October 28, 2026 | +7.5% | 0.0% | — | — |
| August 10, 2026 | −29.9% | −0.3% | −25.3% | −19.9% |
| May 7, 2026 | −4.3% | +0.5% | −8.5% | −19.6% |
| March 11, 2026 | −9.8% | −1.6% | −10.4% | −10.9% |
| October 29, 2025 | −3.7% | −1.1% | −0.5% | −0.9% |
| August 6, 2025 | +3.6% | +0.7% | +7.7% | +4.7% |
| May 7, 2025 | +19.7% | +1.1% | +24.7% | +46.2% |
| March 5, 2025 | +3.6% | −0.7% | 0.0% | −4.2% |
| November 7, 2024 | +20.1% | +1.2% | +21.4% | +26.4% |
| August 7, 2024 | +15.9% | +1.6% | +31.6% | +20.1% |
| May 8, 2024 | +14.8% | +0.6% | +6.7% | +19.3% |
| March 7, 2024 | −19.9% | +0.4% | −30.4% | −29.3% |
Source: SEC EDGAR filings. Retrieved October 29, 2026.
| Period | Revenue (TTM) |
|---|---|
| FY23 Q3 | $255.9M |
| FY23 Q4 | $273.2M |
| FY24 Q1 | $279.2M |
| FY24 Q2 | $290.9M |
| FY24 Q3 | $306.4M |
| FY24 Q4 | $321.5M |
| FY25 Q1 | $349.1M |
| FY25 Q2 | $363M |
| FY25 Q3 | $376.4M |
| FY25 Q4 | $381.2M |
| FY26 Q1 | $377.7M |
| FY26 Q2 | $363.6M |
Source: SEC EDGAR filings. Retrieved October 29, 2026.
| Period | Revenue growth, TTM YoY |
|---|---|
| FY23 Q3 | 11.1% |
| FY23 Q4 | 25.9% |
| FY24 Q1 | 25.0% |
| FY24 Q2 | 24.9% |
| FY24 Q3 | 19.7% |
| FY24 Q4 | 17.7% |
| FY25 Q1 | 25.0% |
| FY25 Q2 | 24.8% |
| FY25 Q3 | 22.9% |
| FY25 Q4 | 18.6% |
| FY26 Q1 | 8.2% |
| FY26 Q2 | 0.2% |
Source: SEC EDGAR filings. Retrieved October 29, 2026.
| Period | Operating margin (TTM) |
|---|---|
| FY23 Q3 | 11.0% |
| FY23 Q4 | 17.0% |
| FY24 Q1 | 17.2% |
| FY24 Q2 | 20.3% |
| FY24 Q3 | 25.6% |
| FY24 Q4 | 29.4% |
| FY25 Q1 | 37.7% |
| FY25 Q2 | 40.5% |
| FY25 Q3 | 42.6% |
| FY25 Q4 | 43.7% |
| FY26 Q1 | 42.2% |
| FY26 Q2 | 38.3% |
Source: SEC EDGAR filings. Retrieved October 29, 2026.
| Period | FCF margin (TTM) |
|---|---|
| FY23 Q3 | 107.3% |
| FY23 Q4 | 105.1% |
| FY24 Q1 | 106.0% |
| FY24 Q2 | 103.2% |
| FY24 Q3 | 98.3% |
| FY24 Q4 | 96.7% |
| FY25 Q1 | 91.1% |
| FY25 Q2 | 92.0% |
| FY25 Q3 | 95.7% |
| FY25 Q4 | 100.3% |
| FY26 Q1 | 102.9% |
| FY26 Q2 | 105.9% |
| Fiscal year | 2019 Dec 2019 | 2020 Dec 2020 | 2021 Dec 2021 | 2022 Dec 2022 | 2023 Dec 2023 | 2024 Dec 2024 | 2025 Dec 2025 | LTM Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Income | ||||||||
| Revenue | 115 | 200 | 264 | 217 | 273 | 321 | 381 | 364 |
| EBITDA | 37 | 84 | 68 | 7 | 59 | 104 | 172 | 143 |
| Operating income | 33 | 78 | 57 | −6 | 46 | 95 | 167 | 139 |
| Net income | 33 | 78 | 26 | 7 | −1 | 7 | 26 | 102 |
| Diluted EPS | $0.00 | $0.00 | $2.40 | $0.25 | −$0.06 | $0.36 | $0.99 | — |
| Growth (year on year) | ||||||||
| Revenue | — | +74.3% | +31.7% | −17.7% | +25.9% | +17.7% | +18.6% | +0.2% |
| EBITDA | — | +125.8% | −19.8% | −89.3% | +713.7% | +76.4% | +65.0% | −7.5% |
| Operating income | — | +134.9% | −26.1% | −111.1% | — | +103.9% | +76.3% | −5.4% |
| Net income | — | +134.9% | −67.0% | −72.2% | −114.2% | — | +262.8% | — |
| Diluted EPS | — | — | — | −89.6% | −124.0% | — | +175.0% | — |
| Margins | ||||||||
| EBITDA margin | 32.5% | 42.1% | 25.6% | 3.3% | 21.6% | 32.4% | 45.1% | 39.4% |
| Operating margin | 28.7% | 38.7% | 21.7% | −2.9% | 17.0% | 29.4% | 43.7% | 38.3% |
| Net margin | 28.7% | 38.7% | 9.7% | 3.3% | −0.4% | 2.3% | 6.9% | 28.0% |
| Free-cash-flow margin | 123.9% | 90.6% | 58.0% | 106.0% | 105.1% | 96.7% | 100.3% | 105.9% |
| Cash flow | ||||||||
| Cash from operations | 149 | 192 | 167 | 243 | 296 | 324 | 401 | 405 |
| Capital spending | 7 | 11 | 14 | 13 | 9 | 13 | 19 | 20 |
| Free cash flow | 142 | 181 | 153 | 230 | 287 | 311 | 382 | 385 |
| Stock-based pay | 0 | 0 | 3 | 3 | 4 | 5 | 10 | 8 |
| Free cash flow after stock pay | 142 | 181 | 150 | 227 | 283 | 306 | 372 | 377 |
| Balance sheet | ||||||||
| Cash | 36 | 26 | 25 | 16 | 32 | 61 | 49 | 64 |
| Total debt | 0 | 16 | 50 | 1 | 0 | 0 | 0 | 0 |
| Net debt (negative = net cash) | −36 | −10 | 25 | −15 | −32 | −61 | −49 | −64 |
| Diluted shares | — | — | 17m | 17m | 16m | 20m | 27m | — |
| Returned to shareholders | ||||||||
| Dividends | — | — | — | 0 | 0 | 2 | 6 | — |
| Buybacks | — | 0 | 0 | 2 | 0 | 4 | 16 | 27 |
| Total returned | — | 0 | 0 | 2 | 0 | 6 | 22 | 27 |
| Quarter | 2024 Q3 Sept 2024 | 2024 Q4 Dec 2024 | 2025 Q1 Mar 2025 | 2025 Q2 Jun 2025 | 2025 Q3 Sept 2025 | 2025 Q4 Dec 2025 | 2026 Q1 Mar 2026 | 2026 Q2 Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Income | ||||||||
| Revenue | 91 | 81 | 91 | 100 | 105 | 86 | 87 | 86 |
| EBITDA | 37 | 27 | 44 | 46 | 50 | 32 | 36 | 26 |
| Operating income | 35 | 25 | 42 | 45 | 48 | 31 | 35 | 24 |
| Net income | 4 | −6 | −11 | −21 | 42 | 17 | 28 | 15 |
| Diluted EPS | $0.21 | −$0.29 | −$0.48 | −$0.78 | $0.77 | $0.63 | $0.56 | $0.18 |
| Growth (year on year) | ||||||||
| Revenue | +20.5% | +22.9% | +43.7% | +16.2% | +14.7% | +5.9% | −3.9% | −14.0% |
| EBITDA | +100.2% | +130.8% | +454.3% | +44.8% | +32.6% | +18.3% | −18.8% | −44.2% |
| Operating income | +125.2% | +183.3% | +704.2% | +52.0% | +38.1% | +25.4% | −16.8% | −45.6% |
| Net income | +96.6% | — | −305.4% | −777.8% | +876.4% | — | — | — |
| Diluted EPS | +707.7% | — | −580.0% | −587.5% | +266.7% | — | — | — |
| Margins | ||||||||
| EBITDA margin | 41.0% | 33.2% | 48.7% | 46.2% | 47.4% | 37.0% | 41.2% | 30.0% |
| Operating margin | 38.5% | 30.5% | 46.8% | 44.7% | 46.3% | 36.1% | 40.5% | 28.3% |
| Net margin | 4.7% | −6.9% | −12.5% | −20.7% | 39.8% | 19.7% | 32.5% | 17.2% |
| Free-cash-flow margin | 80.8% | 111.5% | 87.4% | 90.8% | 95.6% | 130.8% | 98.1% | 101.4% |
| Cash flow | ||||||||
| Cash from operations | 78 | 95 | 84 | 96 | 105 | 117 | 91 | 92 |
| Capital spending | 4 | 4 | 4 | 5 | 5 | 5 | 5 | 5 |
| Free cash flow | 74 | 90 | 79 | 91 | 100 | 112 | 86 | 87 |
| Stock-based pay | 1 | 1 | 1 | 5 | 2 | 2 | 2 | 3 |
| Free cash flow after stock pay | 73 | 89 | 78 | 86 | 98 | 110 | 84 | 84 |
| Last 12 months unless stated | OPFI | CPSS | MFIN | WRLD | NAVI | DAVE | Median |
|---|---|---|---|---|---|---|---|
| Revenue, last 12 months | $364m | $475m | $247m | $592m | $600m | $644m | $1.6bn |
| Revenue growth, last 12 months | 0.2% | 10.4% | 5.2% | 4.3% | −35.6% | 48.6% | 10.4% |
| Revenue growth, 3-year average | 16.0% | 11.5% | 11.1% | −0.4% | −23.7% | 39.6% | 11.3% |
| Revenue growth, latest quarter | −14.0% | 21.7% | −1.4% | 4.8% | −3.8% | 29.6% | 10.6% |
| Operating margin | 38.3% | — | — | — | — | −4.2% | 11.2% |
| Net margin | 28.0% | 5.0% | 13.1% | 6.6% | −8.2% | 34.6% | 10.5% |
| Cash from operations / revenue | 111.3% | 75.8% | 70.7% | 44.9% | 56.7% | 50.8% | 22.7% |
| Free-cash-flow margin | 105.9% | 75.5% | 68.5% | 44.2% | — | 50.7% | 18.4% |
| Free-cash-flow margin, 3-year average | 100.4% | 66.3% | 48.4% | 44.8% | — | 40.5% | 23.6% |
| Stock pay / revenue | 2.3% | 0.5% | 3.0% | 0.1% | 2.5% | 5.8% | 1.3% |
| Change in share count | — | −2.8% | 2.6% | −10.8% | −8.8% | −1.7% | −0.8% |
| Measure | Company | Peer median | Rank |
|---|---|---|---|
| Revenue growth Growth | 0.2% | 10.4% | 32 of 39 |
| Change in growth rate Growth | -8.0pp | +0.6pp | 32 of 38 |
| Operating margin Profitability | 38.3% | 13.9% | 1 of 16 |
| Net margin Profitability | 28.0% | 10.5% | 4 of 39 |
| Stock pay as % of revenue Cash generation | 2.3% | 1.3% | 25 of 36 |
Rank 1 = best in the group (for spending, debt and dilution, lower ranks first).
| Manager | Value | Shares | Share of 13F value | Shares QoQ |
|---|---|---|---|---|
| Wellington Management Group LLP | $30M | 3.0M | 13.5% | ▲ 14.8% |
| Vanguard Capital Management LLC | $22M | 2.2M | 9.9% | ▲ 86.9% |
| Blackrock, Inc. | $20.3M | 2.0M | 9.2% | ▲ 5.8% |
| Citadel Advisors LLC | $10.6M | 1.1M | 4.8% | ▲ 108.7% |
| Corsair Capital Management, L.P. | $10.5M | 1.1M | 4.7% | ▲ 3449.1% |
| M3F, Inc. | $7.6M | 764K | 3.4% | New |
| Geode Capital Management, LLC | $7.4M | 743K | 3.3% | ▲ 21.5% |
| Two Sigma Investments, LP | $6.6M | 669K | 3.0% | ▼ 39.0% |
| Dimensional Fund Advisors LP | $6.4M | 646K | 2.9% | ▲ 51.7% |
| Nuveen, LLC | $6.4M | 641K | 2.9% | ▼ 1.7% |
| Lb Partners LLC | $6.3M | 633K | 2.8% | ▲ 26.5% |
| State Street Corp | $5.6M | 565K | 2.5% | ▲ 5.3% |
From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not Oppfi Inc.'s complete shareholder register. Values are as reported by the filers ; 3 inconsistently scaled filing rows were excluded.
From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.
Next expected around January 25, 2027 estimated from the company's past filing pattern, not announced
| Data | Last updated | Source |
|---|---|---|
| Share price | Exchange closing prices | |
| Financial statements | SEC 10-K and 10-Q filings | |
| News and updates | Company releases and SEC 8-K filings | |
| Analyst estimates | Aggregated analyst estimates | |
| Valuation and scores | Our models, from the filed figures |
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