OppFi Inc (NYSE: OPFI) is a specialty finance technology company that operates a digital platform enabling community bank partners to extend installment loans to non-prime consumers across the United States. Revenue is generated primarily through a bank partner model in which OppFi's platform facilitates loan originations and earns fees and interest income tied to those loan portfolios. The company targets the approximately 48 million Americans who face credit insecurity and are turned away by mainstream financial institutions, positioning its OppLoans product against higher-cost alternatives such as payday loans, title loans, bank overdraft fees, tribal lenders, and lease-to-own services. The average installment loan for a new borrower on the OppLoans platform was approximately $1,950 with an average contractual term of 11 months (FY2025). Average yield on the portfolio was 133.5% for the year ended December 31, 2025, up from 131.4% for the year ended December 31, 2024. Net charge-offs as a percentage of total revenue were 37.0% for FY2025, down from 39.1% in FY2024. OppFi operates without brick-and-mortar locations and is fully digital. As of March 10, 2026, there were 85,124,851 shares of common stock outstanding.

Revenue model

OppFi earns revenue through its bank partner model: community banks use the OppFi platform to originate installment loans and OppFi receives fees and interest income tied to those loan portfolios. The platform is tech-enabled with proprietary machine learning underwriting models, and operating costs do not scale proportionally with origination volume, creating operating leverage as bank partner originations grow.

Products and services

OppLoans: fully digital installment loans for non-prime consumers, averaging approximately $1,950 per new borrower with an average contractual term of 11 months (FY2025). Payments are reported to the three major credit bureaus. The platform also includes the OppFi TurnUp Program for borrowers. Proprietary risk and fraud models are built using applicant data, credit bureau data, and repayment performance data.

Customers and end markets

Non-prime consumers in the United States, specifically individuals with limited access to mainstream credit. OppFi targets approximately 48 million Americans it describes as facing credit insecurity. End market is consumer installment lending, serving borrowers who would otherwise use payday loans, title loans, tribal lenders, bank overdraft products, or lease-to-own services.

Value-chain role

Platform intermediary: OppFi sits between community bank partners (who originate and hold loans under their charters) and non-prime borrowers. OppFi provides technology, underwriting models, servicing, marketing, and customer experience infrastructure. Bank partners use OppFi's platform under a licensed model; OppFi does not operate physical branches.

Geographic exposure

United States only, fully digital with no brick-and-mortar locations. Operates across the United States through its bank partner origination model.

Competitors

payday lenders, title lenders, tribal lenders, bank overdraft products, lease-to-own services

Source: SEC 10-K, filed 2026-03-12

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