OppFi Inc. reported record financial results for the first quarter ended March 31, 2025. Total revenue reached $140.3 million, an increase of 10.1% year-over-year, while adjusted net income soared by 285.1% to a record $33.8 million.
GAAP net income for the quarter was $20.4 million, up 101.3% year-over-year, though net loss attributable to OppFi Inc. was $(11.372) million, primarily due to a non-cash change in the fair value of warrant liabilities. The adjusted EPS for the quarter was $0.38, a 277.5% increase year-over-year.
The company's credit quality continued to improve, with the net charge-off rate as a percentage of total revenue decreasing by 1,330 basis points year-over-year to 34.6%. OppFi also raised its full-year 2025 adjusted net income guidance to a range of $106 million to $113 million, up from $95 million to $97 million, while reaffirming its full-year revenue guidance of $563 million to $594 million.
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