Dallas, Texas--(Newsfile Corp. - March 5, 2025) - OppFi, Inc. (NYSE: OPFI): Stonegate Capital Partners Updates Coverage on OppFi (NYSE: OPFI). OPFI reported revenue, adj. Net Income, and adj. EPS of $135.7M, $20.3M, and $0.23, respectively. This compares to our/consensus estimates of $133.3M/$133.5M, $12.7M/$12.6M, and $0.14/$0.15.Net revenue margin was 59.5% for the quarter, which was a year over year margin expansion of 1,000 bps from 4Q23. This quarter's strong performance was driven by record total revenue of $135.7M, a 2.1% y/y increase, coupled with significant improvements in net income, which grew by 619.7% y/y to ~$14.0M, setting new records for the Company. Additionally, The Company achieved an adj. net income of $20.3M, marking a 140.3% increase from the prior year. When looking at the full year, total revenue increased 3.3% from FY23 and adj. net income grew by ~100%. We anticipate this momentum to continue in 2025, supported by OppFi's strategic focus on operational efficiencies and credit risk management.
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Key Takeaways:
- Beat Q4 2024 Revised Guidance.
- Net revenue margin expansion of 1,000 bps year-over-year.
- Total net originations were $214.0M, reflecting an 11% y/y increase.
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About Stonegate
Stonegate Capital Partners is a leading capital markets advisory firm providing investor relations, equity research, and institutional investor outreach services for public companies. Our affiliate, Stonegate Capital Markets (member FINRA) provides a full spectrum of investment banking services for public and private companies.
Contacts:
Stonegate Capital Partners
(214) 987-4121
info@stonegateinc.com
Source: Stonegate, Inc.
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