OppFi (US:OPFI)2025-05-07 11:04Financial Performance - Net income increased by $103 million year-over-year to $204 million[11], while Adjusted Net Income increased by $25 million year-over-year to a record $338 million[11] - Total revenue increased by 101% year-over-year to a record $1403 million[11] - Net income margin increased by 650 basis points to 145%, and adjusted net income margin expanded by 1720 basis points to 241%[14] - Total expenses as a percentage of total revenue decreased by 1110 basis points year-over-year to 344%[14] - Recoveries of previously charged-off receivables increased by 249% year-over-year[14] Key Performance Indicators - Total net originations increased 16% year-over-year to $189 million[45] - Total retained net originations increased 11% year-over-year to $169 million[45] - Ending receivables increased 9% year-over-year to $407 million[45] - Net charge-off rate as a percentage of total revenue decreased from 48% to 35% year-over-year[45] - Average yield increased from 130% to 136% year-over-year[45] - Automatic approval rate increased from 73% to 79% year-over-year[45] Liquidity and Capital Allocation - Nearly $50 million in free cash flow was generated in Q1 2025[52] - The company repaid $30 million in remaining corporate term loan debt[56] - The company upsized revolving credit facility with affiliates of Blue Owl Capital by $50 million[56] Full Year 2025 Guidance - Total revenue is projected to be between $563 million and $594 million[58] - Adjusted net income is projected to be between $106 million and $113 million[58] - Adjusted EPS is projected to be between $118 and $126, based on approximately 90 million weighted average diluted shares outstanding[58, 59]