OppFi (OPFI) investor relations material

Executive summary

• Achieved record Q2 2026 revenue of $145.2 million, up 1.9% year-over-year, with net income rising 36% to $15.6 million and a net income margin of 10.8% versus 8.1% last year.

• Adjusted net income fell 27% to $28.8 million, and adjusted EPS dropped to $0.33 from $0.45 year-over-year.

• Strategic transformation continues with the pending acquisition of BNCCORP and BNC National Bank, and the upcoming launch of a new line of credit product.

• Corporate Simplification completed, eliminating noncontrolling interests and simplifying the structure.

• Initiated share repurchases under a $40 million authorization, with $11.2 million repurchased in H1 2026.

Financial highlights

• Q2 2026 revenue reached $145.2 million, up 1.9% year-over-year, and net income was $15.6 million, up 36% year-over-year.

• Originations declined 9.3% year-over-year to $212 million due to tightened underwriting.

• Net charge-offs as a percentage of revenue rose to 40% (or 39.5%) from 32% (or 31.9%) year-over-year; as a percentage of receivables, increased to 52% (or 52.3%) from 43% (or 43.5%).

• Recoveries improved to $15 million from $11 million year-over-year.

• Adjusted operating expenses were $49 million (34% of revenue), down from 35% prior year; unadjusted expenses rose to 43% of revenue due to one-time items.

Outlook and guidance

• 2026 guidance revised to revenue of $600–$625 million, adjusted net income of $115–$130 million, and adjusted EPS of $1.34–$1.51.

• Long-term targets for 2027 and 2028 remain unchanged, with a goal of $3 EPS by end of 2028.

• The BNC/BNCCORP acquisition is expected to close in Q4 2026, driving significant revenue synergies from 2027, with projected ROA of at least 10% and ROE of at least 35% by 2028.

• Sufficient liquidity is projected for at least the next 12 months, with $64.3 million in unrestricted cash and $173.5 million in undrawn debt as of June 30, 2026.