2022 Q1 Form 10-Q Financial Statement
#000181850222000007 Filed on May 06, 2022
Income Statement
Concept | 2022 Q1 | 2021 Q4 | 2021 Q1 |
---|---|---|---|
Revenue | $50.73M | $95.96M | $61.86M |
YoY Change | -18.0% | 3.94% | -17.19% |
Cost Of Revenue | $2.100M | $2.200M | $1.600M |
YoY Change | 31.25% | 69.23% | 77.78% |
Gross Profit | $98.60M | $93.80M | $82.60M |
YoY Change | 19.37% | 3.08% | 12.08% |
Gross Profit Margin | 194.37% | 97.75% | 133.53% |
Selling, General & Admin | $16.61M | $46.50M | $9.397M |
YoY Change | 76.76% | 15.59% | -44.4% |
% of Gross Profit | 16.85% | 49.58% | 11.38% |
Research & Development | $3.800M | $2.700M | |
YoY Change | 40.74% | ||
% of Gross Profit | 3.85% | 3.27% | |
Depreciation & Amortization | $3.238M | $2.993M | $2.164M |
YoY Change | 49.63% | 52.91% | 54.57% |
% of Gross Profit | 3.28% | 3.19% | 2.62% |
Operating Expenses | $20.41M | $52.41M | $12.10M |
YoY Change | 68.72% | -26.72% | -76.0% |
Operating Profit | -$2.161M | $41.39M | $24.38M |
YoY Change | -108.86% | 112.42% | 4.65% |
Interest Expense | -$56.97M | -$39.60M | -$26.48M |
YoY Change | 115.19% | 853.32% | 307.32% |
% of Operating Profit | -95.67% | -108.58% | |
Other Income/Expense, Net | $2.404M | $12.69M | -$521.0K |
YoY Change | -561.42% | -2670.75% | |
Pretax Income | $200.0K | $16.64M | $24.38M |
YoY Change | -99.18% | 2.98% | 44.28% |
Income Tax | $500.0K | -$392.0K | $0.00 |
% Of Pretax Income | 250.0% | -2.36% | 0.0% |
Net Earnings | $1.076M | $11.43M | -$3.086M |
YoY Change | -134.87% | -29.27% | -118.26% |
Net Earnings / Revenue | 2.12% | 11.91% | -4.99% |
Basic Earnings Per Share | $0.08 | ||
Diluted Earnings Per Share | $0.08 | $103.9K | $221.7K |
COMMON SHARES | |||
Basic Shares Outstanding | 13.58M shares | ||
Diluted Shares Outstanding | 13.64M shares |
Balance Sheet
Concept | 2022 Q1 | 2021 Q4 | 2021 Q1 |
---|---|---|---|
SHORT-TERM ASSETS | |||
Cash & Short-Term Investments | $27.03M | $25.06M | $575.4K |
YoY Change | 4596.73% | 2103.06% | |
Cash & Equivalents | $27.03M | $25.06M | $95.97M |
Short-Term Investments | |||
Other Short-Term Assets | $212.5K | ||
YoY Change | |||
Inventory | |||
Prepaid Expenses | |||
Receivables | -$900.0K | -$800.0K | |
Other Receivables | $0.00 | $0.00 | |
Total Short-Term Assets | $27.03M | $25.06M | $787.9K |
YoY Change | 3329.96% | 1734.64% | |
LONG-TERM ASSETS | |||
Property, Plant & Equipment | $15.22M | $14.64M | |
YoY Change | 38.69% | ||
Goodwill | |||
YoY Change | |||
Intangibles | |||
YoY Change | |||
Long-Term Investments | $243.4M | ||
YoY Change | |||
Other Assets | $57.98M | $62.89M | |
YoY Change | |||
Total Long-Term Assets | $485.5M | $477.0M | $243.4M |
YoY Change | 99.48% | 67.69% | |
TOTAL ASSETS | |||
Total Short-Term Assets | $27.03M | $25.06M | $787.9K |
Total Long-Term Assets | $485.5M | $477.0M | $243.4M |
Total Assets | $512.5M | $502.1M | $244.2M |
YoY Change | 109.91% | 75.66% | |
SHORT-TERM LIABILITIES | |||
YoY Change | |||
Accounts Payable | $6.841M | $6.100M | $1.368M |
YoY Change | 399.93% | 4396.93% | |
Accrued Expenses | $36.20M | $29.60M | |
YoY Change | |||
Deferred Revenue | |||
YoY Change | |||
Short-Term Debt | $0.00 | $0.00 | $0.00 |
YoY Change | |||
Long-Term Debt Due | |||
YoY Change | |||
Total Short-Term Liabilities | $43.04M | $35.70M | $1.368M |
YoY Change | 3045.13% | 26214.43% | |
LONG-TERM LIABILITIES | |||
Long-Term Debt | $280.9M | $274.0M | $0.00 |
YoY Change | |||
Other Long-Term Liabilities | $32.05M | $34.51M | $23.72M |
YoY Change | 35.15% | 53.82% | |
Total Long-Term Liabilities | $312.9M | $308.5M | $23.72M |
YoY Change | 1219.37% | 1275.16% | |
TOTAL LIABILITIES | |||
Total Short-Term Liabilities | $43.04M | $35.70M | $1.368M |
Total Long-Term Liabilities | $312.9M | $308.5M | $23.72M |
Total Liabilities | $356.0M | $344.2M | $25.09M |
YoY Change | 1318.97% | 84.56% | |
SHAREHOLDERS EQUITY | |||
Retained Earnings | -$70.69M | -$70.72M | |
YoY Change | -176.61% | ||
Common Stock | |||
YoY Change | |||
Preferred Stock | |||
YoY Change | |||
Treasury Stock (at cost) | $0.00 | ||
YoY Change | |||
Treasury Stock Shares | |||
Shareholders Equity | -$8.747M | -$9.040M | $5.000M |
YoY Change | |||
Total Liabilities & Shareholders Equity | $512.5M | $502.1M | $244.2M |
YoY Change | 109.91% | 75.66% |
Cashflow Statement
Concept | 2022 Q1 | 2021 Q4 | 2021 Q1 |
---|---|---|---|
OPERATING ACTIVITIES | |||
Net Income | $1.076M | $11.43M | -$3.086M |
YoY Change | -134.87% | -29.27% | -118.26% |
Depreciation, Depletion And Amortization | $3.238M | $2.993M | $2.164M |
YoY Change | 49.63% | 52.91% | 54.57% |
Cash From Operating Activities | $44.73M | $47.26M | $45.36M |
YoY Change | -1.38% | -2.95% | |
INVESTING ACTIVITIES | |||
Capital Expenditures | -$3.814M | -$3.810M | |
YoY Change | 47.14% | ||
Acquisitions | |||
YoY Change | |||
Other Investing Activities | -$48.43M | -$85.68M | -$6.000K |
YoY Change | 807066.67% | 64.55% | |
Cash From Investing Activities | -$52.24M | -$89.49M | -$4.642M |
YoY Change | 1025.46% | 63.73% | |
FINANCING ACTIVITIES | |||
Cash Dividend Paid | |||
YoY Change | |||
Common Stock Issuance & Retirement, Net | $1.037M | $0.00 | |
YoY Change | |||
Debt Paid & Issued, Net | |||
YoY Change | |||
Cash From Financing Activities | $5.097M | 47.80M | $9.594M |
YoY Change | -46.87% | 545.22% | |
NET CHANGE | |||
Cash From Operating Activities | $44.73M | 47.26M | $45.36M |
Cash From Investing Activities | -$52.24M | -89.49M | -$4.642M |
Cash From Financing Activities | $5.097M | 47.80M | $9.594M |
Net Change In Cash | -$2.416M | 5.560M | $50.31M |
YoY Change | -104.8% | 285.79% | |
FREE CASH FLOW | |||
Cash From Operating Activities | $44.73M | $47.26M | $45.36M |
Capital Expenditures | -$3.814M | -$3.810M | |
Free Cash Flow | $48.55M | $51.07M | |
YoY Change | -0.42% |
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24384000 | USD |
CY2022Q1 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
540000 | USD |
CY2021Q1 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
0 | USD |
CY2022Q1 | us-gaap |
Profit Loss
ProfitLoss
|
-297000 | USD |
CY2021Q1 | us-gaap |
Profit Loss
ProfitLoss
|
24384000 | USD |
CY2022Q1 | us-gaap |
Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
|
-1373000 | USD |
CY2022Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
1076000 | USD |
CY2022Q1 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.08 | |
CY2022Q1 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.08 | |
CY2022Q1 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
13581828 | shares |
CY2022Q1 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
13635483 | shares |
CY2021Q4 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
157878000 | USD |
CY2022Q1 | us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
579000 | USD |
CY2022Q1 | us-gaap |
Stock Repurchased And Retired During Period Shares
StockRepurchasedAndRetiredDuringPeriodShares
|
282334 | shares |
CY2022Q1 | us-gaap |
Stock Repurchased And Retired During Period Value
StockRepurchasedAndRetiredDuringPeriodValue
|
1037000 | USD |
CY2022Q1 | us-gaap |
Distribution Made To Limited Liability Company Llc Member Cash Distributions Declared
DistributionMadeToLimitedLiabilityCompanyLLCMemberCashDistributionsDeclared
|
587000 | USD |
CY2022Q1 | opfi |
Adjustments To Additional Paid In Capital Tax Receivable Agreement Liability
AdjustmentsToAdditionalPaidInCapitalTaxReceivableAgreementLiability
|
54000 | USD |
CY2022Q1 | us-gaap |
Profit Loss
ProfitLoss
|
-297000 | USD |
CY2022Q1 | us-gaap |
Repayments Of Subordinated Debt
RepaymentsOfSubordinatedDebt
|
0 | USD |
CY2021Q1 | us-gaap |
Repayments Of Subordinated Debt
RepaymentsOfSubordinatedDebt
|
4000000 | USD |
CY2022Q1 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
156590000 | USD |
CY2020Q4 | us-gaap |
Limited Liability Company Llc Members Equity Including Portion Attributable To Noncontrolling Interest
LimitedLiabilityCompanyLlcMembersEquityIncludingPortionAttributableToNoncontrollingInterest
|
99332000 | USD |
CY2021Q1 | opfi |
Effects Of Adopting Fair Value Option
EffectsOfAdoptingFairValueOption
|
71252000 | USD |
CY2021Q1 | opfi |
Adjustments To Additional Paid In Capital Profit Interest Compensation
AdjustmentsToAdditionalPaidInCapitalProfitInterestCompensation
|
49000 | USD |
CY2021Q1 | us-gaap |
Distribution Made To Limited Liability Company Llc Member Cash Distributions Declared
DistributionMadeToLimitedLiabilityCompanyLLCMemberCashDistributionsDeclared
|
902000 | USD |
CY2021Q1 | us-gaap |
Profit Loss
ProfitLoss
|
24384000 | USD |
CY2021Q1 | us-gaap |
Limited Liability Company Llc Members Equity Including Portion Attributable To Noncontrolling Interest
LimitedLiabilityCompanyLlcMembersEquityIncludingPortionAttributableToNoncontrollingInterest
|
194115000 | USD |
CY2022Q1 | us-gaap |
Profit Loss
ProfitLoss
|
-297000 | USD |
CY2021Q1 | us-gaap |
Profit Loss
ProfitLoss
|
24384000 | USD |
CY2022Q1 | opfi |
Change In Fair Value Of Finance Receivables
ChangeInFairValueOfFinanceReceivables
|
-49525000 | USD |
CY2021Q1 | opfi |
Change In Fair Value Of Finance Receivables
ChangeInFairValueOfFinanceReceivables
|
-22389000 | USD |
CY2022Q1 | us-gaap |
Provision For Loan And Lease Losses
ProvisionForLoanAndLeaseLosses
|
457000 | USD |
CY2021Q1 | us-gaap |
Provision For Loan And Lease Losses
ProvisionForLoanAndLeaseLosses
|
7000 | USD |
CY2022Q1 | us-gaap |
Depreciation And Amortization
DepreciationAndAmortization
|
3238000 | USD |
CY2021Q1 | us-gaap |
Depreciation And Amortization
DepreciationAndAmortization
|
2164000 | USD |
CY2022Q1 | opfi |
Debt Issuance Cost Amortization
DebtIssuanceCostAmortization
|
609000 | USD |
CY2022Q1 | opfi |
Adjustments To Additional Paid In Capital Tax Receivable Agreement Liability
AdjustmentsToAdditionalPaidInCapitalTaxReceivableAgreementLiability
|
54000 | USD |
CY2021Q1 | opfi |
Adjustments To Additional Paid In Capital Tax Receivable Agreement Liability
AdjustmentsToAdditionalPaidInCapitalTaxReceivableAgreementLiability
|
0 | USD |
CY2021Q1 | opfi |
Debt Issuance Cost Amortization
DebtIssuanceCostAmortization
|
521000 | USD |
CY2022Q1 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
579000 | USD |
CY2021Q1 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
49000 | USD |
CY2022Q1 | us-gaap |
Operating Lease Right Of Use Asset Amortization Expense
OperatingLeaseRightOfUseAssetAmortizationExpense
|
4000 | USD |
CY2022Q1 | us-gaap |
Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
|
537000 | USD |
CY2021Q1 | us-gaap |
Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
|
0 | USD |
CY2022Q1 | us-gaap |
Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
|
-2404000 | USD |
CY2021Q1 | us-gaap |
Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
|
0 | USD |
CY2022Q1 | us-gaap |
Increase Decrease In Accrued Investment Income Receivable
IncreaseDecreaseInAccruedInvestmentIncomeReceivable
|
44000 | USD |
CY2021Q1 | us-gaap |
Increase Decrease In Accrued Investment Income Receivable
IncreaseDecreaseInAccruedInvestmentIncomeReceivable
|
1366000 | USD |
CY2022Q1 | us-gaap |
Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
|
-356000 | USD |
CY2021Q1 | us-gaap |
Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
|
967000 | USD |
CY2022Q1 | us-gaap |
Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
|
741000 | USD |
CY2021Q1 | us-gaap |
Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
|
-859000 | USD |
CY2022Q1 | us-gaap |
Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
|
-8570000 | USD |
CY2021Q1 | us-gaap |
Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
|
-966000 | USD |
CY2022Q1 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
44731000 | USD |
CY2021Q1 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
45356000 | USD |
CY2022Q1 | us-gaap |
Payments To Acquire Finance Receivables
PaymentsToAcquireFinanceReceivables
|
156877000 | USD |
CY2021Q1 | us-gaap |
Payments To Acquire Finance Receivables
PaymentsToAcquireFinanceReceivables
|
105844000 | USD |
CY2022Q1 | us-gaap |
Proceeds From Collection Of Finance Receivables
ProceedsFromCollectionOfFinanceReceivables
|
108447000 | USD |
CY2021Q1 | us-gaap |
Proceeds From Collection Of Finance Receivables
ProceedsFromCollectionOfFinanceReceivables
|
104200000 | USD |
CY2022Q1 | us-gaap |
Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
|
3814000 | USD |
CY2021Q1 | us-gaap |
Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
|
2998000 | USD |
CY2022Q1 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-52244000 | USD |
CY2021Q1 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-4642000 | USD |
CY2022Q1 | us-gaap |
Payments Of Distributions To Affiliates
PaymentsOfDistributionsToAffiliates
|
587000 | USD |
CY2021Q1 | us-gaap |
Payments Of Distributions To Affiliates
PaymentsOfDistributionsToAffiliates
|
902000 | USD |
CY2022Q1 | us-gaap |
Proceeds From Repayments Of Secured Debt
ProceedsFromRepaymentsOfSecuredDebt
|
-3267000 | USD |
CY2021Q1 | us-gaap |
Proceeds From Repayments Of Secured Debt
ProceedsFromRepaymentsOfSecuredDebt
|
-171000 | USD |
CY2022Q1 | opfi |
Proceeds From Repayments Of Senior Debt
ProceedsFromRepaymentsOfSeniorDebt
|
10000000 | USD |
CY2021Q1 | opfi |
Proceeds From Repayments Of Senior Debt
ProceedsFromRepaymentsOfSeniorDebt
|
16199000 | USD |
CY2021Q4 | us-gaap |
Employee Related Liabilities Current And Noncurrent
EmployeeRelatedLiabilitiesCurrentAndNoncurrent
|
11779000 | USD |
CY2022Q1 | us-gaap |
Other Accrued Liabilities Current And Noncurrent
OtherAccruedLiabilitiesCurrentAndNoncurrent
|
0 | USD |
CY2022Q1 | us-gaap |
Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
|
12000 | USD |
CY2021Q1 | us-gaap |
Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
|
1532000 | USD |
CY2022Q1 | us-gaap |
Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
|
1037000 | USD |
CY2021Q1 | us-gaap |
Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
|
0 | USD |
CY2022Q1 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
5097000 | USD |
CY2021Q1 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
9594000 | USD |
CY2022Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
|
-2416000 | USD |
CY2021Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
|
50308000 | USD |
CY2021Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
62362000 | USD |
CY2020Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
45657000 | USD |
CY2022Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
59946000 | USD |
CY2021Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
95965000 | USD |
CY2022Q1 | us-gaap |
Interest Paid Net
InterestPaidNet
|
6735000 | USD |
CY2021Q1 | us-gaap |
Interest Paid Net
InterestPaidNet
|
4857000 | USD |
CY2022Q1 | opfi |
Non Cash Change From Adopting Fair Value Option
NonCashChangeFromAdoptingFairValueOption
|
0 | USD |
CY2021Q1 | opfi |
Non Cash Change From Adopting Fair Value Option
NonCashChangeFromAdoptingFairValueOption
|
71252000 | USD |
CY2022Q1 | opfi |
Operating Lease Right Of Use Asset Recognized From Accounting Standard Update
OperatingLeaseRightOfUseAssetRecognizedFromAccountingStandardUpdate
|
15459000 | USD |
CY2022Q1 | opfi |
Finance Receivables Originated Through Bank Partnership Arrangements Percentage
FinanceReceivablesOriginatedThroughBankPartnershipArrangementsPercentage
|
0.94 | |
CY2022Q1 | opfi |
Operating Lease Liability Recognized From Accounting Standard Update
OperatingLeaseLiabilityRecognizedFromAccountingStandardUpdate
|
17972000 | USD |
CY2022Q1 | us-gaap |
Nature Of Operations
NatureOfOperations
|
Organization and Nature of Operations<div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">OppFi Inc. (“OppFi”), formerly FG New America Acquisition Corp. (“FGNA”), collectively with its consolidated subsidiaries (“Company”), is a leading mission-driven financial technology platform that powers banks to offer accessible lending products to everyday consumers through its proprietary technology and artificial intelligence and a top-rated experience. OppFi’s platform facilitates credit access products primarily through its installment loan product, OppLoans. OppFi’s credit access products also include its payroll deduction secured installment loan product, SalaryTap, and credit card product, OppFi Card. </span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">On July 20, 2021 (“Closing Date”), the Company completed a business combination pursuant to the Business Combination Agreement (“Business Combination Agreement”), dated as of February 9, 2021, by and among Opportunity Financial, LLC (“OppFi-LLC”), a Delaware limited liability company, OppFi Shares, LLC (“OFS”), a Delaware limited liability company, and Todd Schwartz (“Members’ Representative”), in his capacity as the representative of the members of OppFi-LLC (“Members”) immediately prior to the closing (“Closing”). The transactions contemplated by the Business Combination Agreement are referred to herein as the “Business Combination.” At the Closing, FGNA changed its name to “OppFi Inc.” OppFi’s Class A common stock, par value $0.0001 per share (“Class A Common Stock”) and redeemable warrants exercisable for Class A Common Stock (“Public Warrants”) are listed on the New York Stock Exchange (“NYSE”) under the symbols “OPFI” and “OPFI WS,” respectively.</span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">Following the Closing, the Company is organized in an “Up-C” structure in which substantially all of the assets and the business of the Company are held by OppFi-LLC and its subsidiaries, and OppFi’s only direct assets consist of Class A common units of OppFi-LLC (“OppFi Units”). As of March 31, 2022, OppFi owned approximately 12.2% of the OppFi Units and controls OppFi-LLC as the sole manager of OppFi-LLC in accordance with the terms of the Third Amended and Restated Limited Liability Company Agreement of OppFi-LLC (“OppFi A&R LLCA”). All remaining OppFi Units (“Retained OppFi Units”) are beneficially owned by the Members. OFS holds a controlling voting interest in OppFi through its ownership of shares of Class V common stock, par value $0.0001 per share, of OppFi (“Class V Voting Stock”) in an amount equal to the number of Retained OppFi Units and therefore has the ability to control OppFi-LLC.</span></div> | |
CY2022Q1 | opfi |
Reverse Recapitalization Ownership Interest Held Percent
ReverseRecapitalizationOwnershipInterestHeldPercent
|
0.122 | |
CY2022Q1 | us-gaap |
Use Of Estimates
UseOfEstimates
|
<div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:112%">Use of estimates: </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">The preparation of the unaudited consolidated financial statements in accordance with GAAP requires management to make estimates and assumptions, including those impacted by COVID-19, that affect the reported amounts of assets, liabilities and disclosure of contingent assets and liabilities at the date of the unaudited consolidated financial statements and the reported amounts of revenues and expenses during the reporting period.</span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">The judgements, assumptions, and estimates used by management are based on historical experience, management’s experience and qualitative factors. The areas subject to significant estimation techniques are the determination of fair value of installment finance receivables and warrants, the adequacy of the allowance for credit losses on finance receivables, operating lease right of use asset, operating lease liability, valuation allowance of deferred tax assets, stock-based compensation expense and income </span></div>tax provision. For the aforementioned estimates, it is reasonably possible the recorded amounts or related disclosures could significantly change in the near future as new information is available. | |
CY2021Q1 | opfi |
Finance Receivables Originated Through Bank Partnership Arrangements Percentage
FinanceReceivablesOriginatedThroughBankPartnershipArrangementsPercentage
|
0.74 | |
CY2022Q1 | opfi |
Finance Receivables Originated Through Bank Partnership Arrangements
FinanceReceivablesOriginatedThroughBankPartnershipArrangements
|
11800000 | USD |
CY2021Q4 | opfi |
Finance Receivables Originated Through Bank Partnership Arrangements
FinanceReceivablesOriginatedThroughBankPartnershipArrangements
|
9500000 | USD |
CY2022Q1 | opfi |
Financing Receivable Nonaccrual Threshold Delinquency Period
FinancingReceivableNonaccrualThresholdDelinquencyPeriod
|
P60D | |
CY2022Q1 | us-gaap |
Research And Development Expense Software Excluding Acquired In Process Cost
ResearchAndDevelopmentExpenseSoftwareExcludingAcquiredInProcessCost
|
3800000 | USD |
CY2021Q1 | us-gaap |
Research And Development Expense Software Excluding Acquired In Process Cost
ResearchAndDevelopmentExpenseSoftwareExcludingAcquiredInProcessCost
|
2700000 | USD |
CY2022Q1 | us-gaap |
Capitalized Computer Software Amortization1
CapitalizedComputerSoftwareAmortization1
|
3000000 | USD |
CY2021Q1 | us-gaap |
Capitalized Computer Software Amortization1
CapitalizedComputerSoftwareAmortization1
|
1900000 | USD |
CY2022Q1 | opfi |
Financing Receivable After Allowance For Credit Loss Before Fair Value Option Adjustment Accrual Status
FinancingReceivableAfterAllowanceForCreditLossBeforeFairValueOptionAdjustmentAccrualStatus
|
309971000 | USD |
CY2021Q4 | opfi |
Financing Receivable After Allowance For Credit Loss Before Fair Value Option Adjustment Accrual Status
FinancingReceivableAfterAllowanceForCreditLossBeforeFairValueOptionAdjustmentAccrualStatus
|
307059000 | USD |
CY2022Q1 | opfi |
Financing Receivable After Allowance For Credit Loss Before Fair Value Option Adjustment Nonaccrual Status
FinancingReceivableAfterAllowanceForCreditLossBeforeFairValueOptionAdjustmentNonaccrualStatus
|
22546000 | USD |
CY2021Q4 | opfi |
Financing Receivable After Allowance For Credit Loss Before Fair Value Option Adjustment Nonaccrual Status
FinancingReceivableAfterAllowanceForCreditLossBeforeFairValueOptionAdjustmentNonaccrualStatus
|
25185000 | USD |
CY2022Q1 | opfi |
Financing Receivable After Allowance For Credit Loss Before Fair Value Option Adjustment
FinancingReceivableAfterAllowanceForCreditLossBeforeFairValueOptionAdjustment
|
332517000 | USD |
CY2022Q1 | us-gaap |
Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
|
43171000 | USD |
CY2021Q4 | us-gaap |
Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
|
39357000 | USD |
CY2021Q4 | opfi |
Financing Receivable After Allowance For Credit Loss Before Fair Value Option Adjustment
FinancingReceivableAfterAllowanceForCreditLossBeforeFairValueOptionAdjustment
|
332244000 | USD |
CY2022Q1 | opfi |
Financing Receivable Excluding Accrued Interest After Allowance For Credit Loss Fair Value Option Accrual
FinancingReceivableExcludingAccruedInterestAfterAllowanceForCreditLossFairValueOptionAccrual
|
367724000 | USD |
CY2021Q4 | opfi |
Financing Receivable Excluding Accrued Interest After Allowance For Credit Loss Fair Value Option Accrual
FinancingReceivableExcludingAccruedInterestAfterAllowanceForCreditLossFairValueOptionAccrual
|
369576000 | USD |
CY2022Q1 | opfi |
Financing Receivable Excluding Accrued Interest After Allowance For Credit Loss Fair Value Option Nonaccrual
FinancingReceivableExcludingAccruedInterestAfterAllowanceForCreditLossFairValueOptionNonaccrual
|
3448000 | USD |
CY2021Q4 | opfi |
Financing Receivable Excluding Accrued Interest After Allowance For Credit Loss Fair Value Option Nonaccrual
FinancingReceivableExcludingAccruedInterestAfterAllowanceForCreditLossFairValueOptionNonaccrual
|
3677000 | USD |
CY2022Q1 | opfi |
Financing Receivable Excluding Accrued Interest After Allowance For Credit Loss Fair Value Option
FinancingReceivableExcludingAccruedInterestAfterAllowanceForCreditLossFairValueOption
|
371172000 | USD |
CY2021Q4 | opfi |
Financing Receivable Excluding Accrued Interest After Allowance For Credit Loss Fair Value Option
FinancingReceivableExcludingAccruedInterestAfterAllowanceForCreditLossFairValueOption
|
373253000 | USD |
CY2022Q1 | opfi |
Financing Receivables Accrued Interest And Fees After Allowance For Credit Loss
FinancingReceivablesAccruedInterestAndFeesAfterAllowanceForCreditLoss
|
10673000 | USD |
CY2021Q4 | opfi |
Financing Receivables Accrued Interest And Fees After Allowance For Credit Loss
FinancingReceivablesAccruedInterestAndFeesAfterAllowanceForCreditLoss
|
10637000 | USD |
CY2022Q1 | opfi |
Financing Receivable After Allowance For Credit Loss Fair Value Option
FinancingReceivableAfterAllowanceForCreditLossFairValueOption
|
381845000 | USD |
CY2021Q4 | opfi |
Financing Receivable After Allowance For Credit Loss Fair Value Option
FinancingReceivableAfterAllowanceForCreditLossFairValueOption
|
383890000 | USD |
CY2022Q1 | us-gaap |
Fair Value Option Aggregate Differences Loans And Long Term Receivables
FairValueOptionAggregateDifferencesLoansAndLongTermReceivables
|
38655000 | USD |
CY2021Q4 | us-gaap |
Fair Value Option Aggregate Differences Loans And Long Term Receivables
FairValueOptionAggregateDifferencesLoansAndLongTermReceivables
|
41009000 | USD |
CY2022Q1 | us-gaap |
Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
|
27952000 | USD |
CY2021Q4 | us-gaap |
Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
|
24714000 | USD |
CY2022Q1 | opfi |
Accrual For Services Rendered And Goods Purchased
AccrualForServicesRenderedAndGoodsPurchased
|
7352000 | USD |
CY2021Q4 | opfi |
Accrual For Services Rendered And Goods Purchased
AccrualForServicesRenderedAndGoodsPurchased
|
10631000 | USD |
CY2022Q1 | us-gaap |
Employee Related Liabilities Current And Noncurrent
EmployeeRelatedLiabilitiesCurrentAndNoncurrent
|
7030000 | USD |
CY2022Q1 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
15219000 | USD |
CY2021Q4 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
14643000 | USD |
CY2022Q1 | us-gaap |
Depreciation Amortization And Accretion Net
DepreciationAmortizationAndAccretionNet
|
3200000 | USD |
CY2021Q1 | us-gaap |
Depreciation Amortization And Accretion Net
DepreciationAmortizationAndAccretionNet
|
2200000 | USD |
CY2022Q1 | us-gaap |
Financing Receivable Excluding Accrued Interest Before Allowance For Credit Loss
FinancingReceivableExcludingAccruedInterestBeforeAllowanceForCreditLoss
|
5942000 | USD |
CY2021Q4 | us-gaap |
Financing Receivable Excluding Accrued Interest Before Allowance For Credit Loss
FinancingReceivableExcludingAccruedInterestBeforeAllowanceForCreditLoss
|
5285000 | USD |
CY2022Q1 | opfi |
Financing Receivables Accrued Interest And Fees Before Allowance For Credit Loss
FinancingReceivablesAccruedInterestAndFeesBeforeAllowanceForCreditLoss
|
32000 | USD |
CY2021Q4 | opfi |
Financing Receivables Accrued Interest And Fees Before Allowance For Credit Loss
FinancingReceivablesAccruedInterestAndFeesBeforeAllowanceForCreditLoss
|
24000 | USD |
CY2022Q1 | us-gaap |
Financing Receivable Deferred Income
FinancingReceivableDeferredIncome
|
232000 | USD |
CY2021Q4 | us-gaap |
Financing Receivable Deferred Income
FinancingReceivableDeferredIncome
|
286000 | USD |
CY2022Q1 | us-gaap |
Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
|
931000 | USD |
CY2021Q4 | us-gaap |
Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
|
803000 | USD |
CY2022Q1 | us-gaap |
Notes Receivable Net
NotesReceivableNet
|
4811000 | USD |
CY2021Q4 | us-gaap |
Notes Receivable Net
NotesReceivableNet
|
4220000 | USD |
CY2021Q4 | us-gaap |
Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
|
803000 | USD |
CY2022Q1 | us-gaap |
Provision For Loan Losses Expensed
ProvisionForLoanLossesExpensed
|
457000 | USD |
CY2020Q4 | us-gaap |
Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
|
55031000 | USD |
CY2022Q1 | us-gaap |
Financing Receivable Change In Method Credit Loss Expense Reversal
FinancingReceivableChangeInMethodCreditLossExpenseReversal
|
0 | USD |
CY2021Q1 | us-gaap |
Financing Receivable Change In Method Credit Loss Expense Reversal
FinancingReceivableChangeInMethodCreditLossExpenseReversal
|
-55031000 | USD |
CY2021Q1 | us-gaap |
Provision For Loan Losses Expensed
ProvisionForLoanLossesExpensed
|
7000 | USD |
CY2022Q1 | us-gaap |
Financing Receivable Allowance For Credit Losses Write Offs
FinancingReceivableAllowanceForCreditLossesWriteOffs
|
329000 | USD |
CY2021Q1 | us-gaap |
Financing Receivable Allowance For Credit Losses Write Offs
FinancingReceivableAllowanceForCreditLossesWriteOffs
|
0 | USD |
CY2022Q1 | us-gaap |
Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
|
931000 | USD |
CY2021Q1 | us-gaap |
Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
|
7000 | USD |
CY2021Q1 | us-gaap |
Securities Purchased Under Agreements To Resell Allowance For Credit Loss
SecuritiesPurchasedUnderAgreementsToResellAllowanceForCreditLoss
|
0 | USD |
CY2022Q1 | us-gaap |
Financing Receivable Recorded Investment Nonaccrual Status
FinancingReceivableRecordedInvestmentNonaccrualStatus
|
500000 | USD |
CY2021Q4 | us-gaap |
Financing Receivable Recorded Investment Nonaccrual Status
FinancingReceivableRecordedInvestmentNonaccrualStatus
|
100000 | USD |
CY2021Q4 | us-gaap |
Other Accrued Liabilities Current And Noncurrent
OtherAccruedLiabilitiesCurrentAndNoncurrent
|
2513000 | USD |
CY2022Q1 | us-gaap |
Accrued Rent Current And Noncurrent
AccruedRentCurrentAndNoncurrent
|
4184000 | USD |
CY2021Q4 | us-gaap |
Accrued Rent Current And Noncurrent
AccruedRentCurrentAndNoncurrent
|
4672000 | USD |
CY2022Q1 | us-gaap |
Accrued Liabilities Current And Noncurrent
AccruedLiabilitiesCurrentAndNoncurrent
|
18566000 | USD |
CY2021Q4 | us-gaap |
Accrued Liabilities Current And Noncurrent
AccruedLiabilitiesCurrentAndNoncurrent
|
29595000 | USD |
CY2022Q1 | us-gaap |
Operating Lease Cost
OperatingLeaseCost
|
1100000 | USD |
CY2022Q1 | us-gaap |
Variable Lease Payment
VariableLeasePayment
|
500000 | USD |
CY2022Q1 | us-gaap |
Operating Lease Payments
OperatingLeasePayments
|
600000 | USD |
CY2022Q1 | us-gaap |
Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
|
1709000 | USD |
CY2022Q1 | us-gaap |
Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
|
2339000 | USD |
CY2022Q1 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
|
2410000 | USD |
CY2022Q1 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
|
2482000 | USD |
CY2022Q1 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
|
2557000 | USD |
CY2021Q4 | us-gaap |
Operating Leases Future Minimum Payments Due In Four Years
OperatingLeasesFutureMinimumPaymentsDueInFourYears
|
2482000 | USD |
CY2021Q4 | us-gaap |
Operating Leases Future Minimum Payments Due In Five Years
OperatingLeasesFutureMinimumPaymentsDueInFiveYears
|
2557000 | USD |
CY2022Q1 | opfi |
Lessee Operating Lease Liability To Be Paid After Year Four
LesseeOperatingLeaseLiabilityToBePaidAfterYearFour
|
10283000 | USD |
CY2022Q1 | us-gaap |
Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
|
21780000 | USD |
CY2022Q1 | us-gaap |
Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
|
4149000 | USD |
CY2022Q1 | us-gaap |
Operating Lease Liability
OperatingLeaseLiability
|
17631000 | USD |
CY2021Q4 | us-gaap |
Operating Leases Future Minimum Payments Due
OperatingLeasesFutureMinimumPaymentsDue
|
22342000 | USD |
CY2022Q1 | us-gaap |
Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
|
P8Y6M | |
CY2022Q1 | us-gaap |
Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
|
0.05 | |
CY2022Q1 | us-gaap |
Operating Lease Payments
OperatingLeasePayments
|
562000 | USD |
CY2021Q1 | us-gaap |
Lease And Rental Expense
LeaseAndRentalExpense
|
900000 | USD |
CY2021Q4 | us-gaap |
Operating Leases Future Minimum Payments Due Current
OperatingLeasesFutureMinimumPaymentsDueCurrent
|
2271000 | USD |
CY2021Q4 | us-gaap |
Operating Leases Future Minimum Payments Due In Two Years
OperatingLeasesFutureMinimumPaymentsDueInTwoYears
|
2339000 | USD |
CY2021Q4 | us-gaap |
Operating Leases Future Minimum Payments Due In Three Years
OperatingLeasesFutureMinimumPaymentsDueInThreeYears
|
2410000 | USD |
CY2021Q4 | us-gaap |
Operating Leases Future Minimum Payments Due Thereafter
OperatingLeasesFutureMinimumPaymentsDueThereafter
|
10283000 | USD |
CY2022Q1 | us-gaap |
Warrants And Rights Outstanding
WarrantsAndRightsOutstanding
|
8800000 | USD |
CY2021Q4 | us-gaap |
Warrants And Rights Outstanding
WarrantsAndRightsOutstanding
|
11200000 | USD |
CY2022Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableNumber
|
175000 | shares |
CY2022Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableWeightedAverageExercisePrice
|
15.23 | |
CY2022Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
|
2.86 | |
CY2021Q1 | us-gaap |
Unrecognized Tax Benefits
UnrecognizedTaxBenefits
|
0 | USD |
CY2022Q1 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested And Expected To Vest Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestExercisableWeightedAverageRemainingContractualTerm1
|
P9Y3M18D | |
CY2022Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Exercisable Aggregate Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableAggregateIntrinsicValue
|
0 | USD |
CY2022Q1 | us-gaap |
Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Stock Options
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedStockOptions
|
2800000 | USD |
CY2021Q4 | us-gaap |
Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Stock Options
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedStockOptions
|
6100000 | USD |
CY2021Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
|
3375000 | shares |
CY2021Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
|
15.23 | |
CY2021Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
|
0 | USD |
CY2022Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
|
251918 | shares |
CY2022Q1 | us-gaap |
Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
|
4.77 | |
CY2022Q1 | us-gaap |
Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
|
0 | shares |
CY2022Q1 | us-gaap |
Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
|
0 | |
CY2022Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
|
1499822 | shares |
CY2022Q1 | us-gaap |
Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
|
14.01 | |
CY2022Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
|
2127096 | shares |
CY2022Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
|
14.85 | |
CY2022Q1 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
|
P9Y4M2D | |
CY2022Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
|
0 | USD |
CY2022Q1 | us-gaap |
Accrued Employee Benefits Current And Noncurrent
AccruedEmployeeBenefitsCurrentAndNoncurrent
|
100000 | USD |
CY2022Q1 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
500000 | USD |
CY2022Q1 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
200000 | USD |
CY2022Q1 | us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
2.222 | |
CY2021Q1 | us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
0.028 | |
CY2022Q1 | us-gaap |
Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
|
0.21 | |
CY2022Q1 | us-gaap |
Effective Income Tax Rate Reconciliation Share Based Compensation Excess Tax Benefit Amount
EffectiveIncomeTaxRateReconciliationShareBasedCompensationExcessTaxBenefitAmount
|
500000 | USD |
CY2022Q1 | us-gaap |
Effective Income Tax Rate Reconciliation Share Based Compensation Excess Tax Benefit Percent
EffectiveIncomeTaxRateReconciliationShareBasedCompensationExcessTaxBenefitPercent
|
2.19 | |
CY2022Q1 | opfi |
Effective Income Tax Rate Reconciliation Excluding Tax Expense Benefit Share Based Payment Arrangement Percent
EffectiveIncomeTaxRateReconciliationExcludingTaxExpenseBenefitShareBasedPaymentArrangementPercent
|
0.032 | |
CY2022Q1 | us-gaap |
Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
|
0.21 | |
CY2022Q1 | opfi |
Reverse Recapitalization Ownership Interest Held Percent
ReverseRecapitalizationOwnershipInterestHeldPercent
|
0.122 | |
CY2022Q1 | us-gaap |
Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
|
0.21 | |
CY2022Q1 | us-gaap |
Unrecognized Tax Benefits
UnrecognizedTaxBenefits
|
0 | USD |
CY2022Q1 | us-gaap |
Income Tax Examination Penalties And Interest Accrued
IncomeTaxExaminationPenaltiesAndInterestAccrued
|
0 | USD |
CY2022Q1 | us-gaap |
Interest Expense Debt
InterestExpenseDebt
|
6839000 | USD |
CY2021Q1 | us-gaap |
Interest Expense Debt
InterestExpenseDebt
|
3950000 | USD |
CY2022Q1 | us-gaap |
Amortization Of Financing Costs
AmortizationOfFinancingCosts
|
609000 | USD |
CY2021Q1 | us-gaap |
Amortization Of Financing Costs
AmortizationOfFinancingCosts
|
521000 | USD |
CY2022Q1 | opfi |
Interest Expense And Amortized Debt Issuance Costs
InterestExpenseAndAmortizedDebtIssuanceCosts
|
7448000 | USD |
CY2021Q1 | opfi |
Interest Expense And Amortized Debt Issuance Costs
InterestExpenseAndAmortizedDebtIssuanceCosts
|
4471000 | USD |
CY2022Q1 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
27025000 | USD |
CY2022Q1 | us-gaap |
Restricted Cash And Cash Equivalents At Carrying Value
RestrictedCashAndCashEquivalentsAtCarryingValue
|
32921000 | USD |
CY2022Q1 | opfi |
Financing Receivables Accrued Interest And Fees After Allowance For Credit Loss
FinancingReceivablesAccruedInterestAndFeesAfterAllowanceForCreditLoss
|
10673000 | USD |
CY2022Q1 | us-gaap |
Notes Receivable Net
NotesReceivableNet
|
4811000 | USD |
CY2022Q1 | us-gaap |
Secured Debt
SecuredDebt
|
19176000 | USD |
CY2022Q1 | us-gaap |
Senior Notes
SeniorNotes
|
261687000 | USD |
CY2021Q4 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
25064000 | USD |
CY2021Q4 | us-gaap |
Restricted Cash And Cash Equivalents At Carrying Value
RestrictedCashAndCashEquivalentsAtCarryingValue
|
37298000 | USD |
CY2021Q4 | opfi |
Financing Receivables Accrued Interest And Fees After Allowance For Credit Loss
FinancingReceivablesAccruedInterestAndFeesAfterAllowanceForCreditLoss
|
10637000 | USD |
CY2021Q4 | us-gaap |
Notes Receivable Net
NotesReceivableNet
|
4220000 | USD |
CY2021Q4 | us-gaap |
Secured Debt
SecuredDebt
|
22443000 | USD |
CY2021Q4 | us-gaap |
Senior Notes
SeniorNotes
|
251578000 | USD |
CY2021Q4 | us-gaap |
Litigation Settlement Amount Awarded To Other Party
LitigationSettlementAmountAwardedToOtherParty
|
300000 | USD |
CY2021Q4 | us-gaap |
Loss Contingency Accrual At Carrying Value
LossContingencyAccrualAtCarryingValue
|
1500000 | USD |
CY2021Q4 | us-gaap |
Loss Contingency Accrual At Carrying Value
LossContingencyAccrualAtCarryingValue
|
1500000 | USD |
CY2021Q4 | us-gaap |
Loss Contingency Accrual At Carrying Value
LossContingencyAccrualAtCarryingValue
|
1500000 | USD |
CY2021Q1 | us-gaap |
Management Fee Expense
ManagementFeeExpense
|
200000 | USD |
CY2022Q1 | us-gaap |
Accrued Employee Benefits Current
AccruedEmployeeBenefitsCurrent
|
2000000 | USD |
CY2021Q4 | us-gaap |
Accrued Employee Benefits Current
AccruedEmployeeBenefitsCurrent
|
1300000 | USD |
CY2022Q1 | us-gaap |
Defined Contribution Plan Employer Matching Contribution Percent Of Match
DefinedContributionPlanEmployerMatchingContributionPercentOfMatch
|
0.04 | |
CY2022Q1 | us-gaap |
Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
|
400000 | USD |
CY2021Q1 | us-gaap |
Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
|
300000 | USD |
CY2022Q1 | us-gaap |
Profit Loss
ProfitLoss
|
-297000 | USD |
CY2022Q1 | us-gaap |
Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
|
-1373000 | USD |
CY2022Q1 | us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
1076000 | USD |
CY2022Q1 | us-gaap |
Dilutive Securities
DilutiveSecurities
|
0 | USD |
CY2022Q1 | us-gaap |
Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
|
1076000 | USD |
CY2022Q1 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
13581828 | shares |
CY2022Q1 | us-gaap |
Incremental Common Shares Attributable To Call Options And Warrants
IncrementalCommonSharesAttributableToCallOptionsAndWarrants
|
0 | shares |
CY2022Q1 | us-gaap |
Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
|
53655 | shares |
CY2022Q1 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
13635483 | shares |
CY2022Q1 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.08 | |
CY2022Q1 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.08 | |
CY2022Q1 | us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
18905988 | shares |