$OPFI
OppFi Inc.

2024 Q3 Form 10-Q Financial Statement

#000181850224000015 Filed on August 08, 2024

View on sec.gov

Income Statement

Concept 2024 Q3 2024 Q2
Revenue $91.17M $86.28M
YoY Change 20.48% 15.69%
Cost Of Revenue $1.725M $1.676M
YoY Change -42.5% -29.67%
Gross Profit $134.9M $124.6M
YoY Change 3.59% 1.13%
Gross Profit Margin 147.94% 144.44%
Selling, General & Admin $17.16M $16.67M
YoY Change -3.74% -0.42%
% of Gross Profit 12.72% 13.37%
Research & Development $3.400M $2.400M
YoY Change 54.55% -4.0%
% of Gross Profit 2.52% 1.93%
Depreciation & Amortization $2.280M $2.490M
YoY Change -26.45% -24.93%
% of Gross Profit 1.69% 2.0%
Operating Expenses $20.56M $19.07M
YoY Change 2.67% -0.88%
Operating Profit $35.09M $29.49M
YoY Change 125.22% 60.83%
Interest Expense -$10.66M -$10.96M
YoY Change -11.92% -2.38%
% of Operating Profit -30.37% -37.18%
Other Income/Expense, Net -$1.365M -$897.0K
YoY Change -441.25% -308.6%
Pretax Income $34.40M $28.60M
YoY Change 115.0% 52.13%
Income Tax $2.300M $900.0K
% Of Pretax Income 6.69% 3.15%
Net Earnings $4.264M $3.066M
YoY Change 96.59% 43.14%
Net Earnings / Revenue 4.68% 3.55%
Basic Earnings Per Share $0.21 $0.16
Diluted Earnings Per Share $0.21 $0.16
COMMON SHARES
Basic Shares Outstanding 86.25M shares 111.3M shares
Diluted Shares Outstanding 20.25M shares 19.68M shares

Balance Sheet

Concept 2024 Q3 2024 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $44.84M $46.62M
YoY Change 44.17% 73.98%
Cash & Equivalents $44.84M $46.62M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables -$346.0K -$3.000K
Other Receivables $5.112M $1.980M
Total Short-Term Assets $49.60M $48.60M
YoY Change 55.5% 80.68%
LONG-TERM ASSETS
Property, Plant & Equipment $11.40M $9.795M
YoY Change 2.71% -18.12%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $19.43M
YoY Change
Other Assets $51.67M $59.33M
YoY Change -13.3% -3.28%
Total Long-Term Assets $569.7M $524.5M
YoY Change 0.17% -4.72%
TOTAL ASSETS
Total Short-Term Assets $49.60M $48.60M
Total Long-Term Assets $569.7M $524.5M
Total Assets $619.3M $573.1M
YoY Change 3.11% -0.74%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $4.685M $2.399M
YoY Change 30.14% -40.9%
Accrued Expenses $39.48M $39.77M
YoY Change 5.55% 2.77%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $0.00 $0.00
YoY Change
Total Short-Term Liabilities $44.16M $42.17M
YoY Change 7.71% -1.38%
LONG-TERM LIABILITIES
Long-Term Debt $325.6M $301.8M
YoY Change -5.45% -9.07%
Other Long-Term Liabilities $29.25M $27.46M
YoY Change 15.15% 6.65%
Total Long-Term Liabilities $354.8M $329.2M
YoY Change -4.03% -7.94%
TOTAL LIABILITIES
Total Short-Term Liabilities $44.16M $42.17M
Total Long-Term Liabilities $354.8M $329.2M
Total Liabilities $399.0M $371.4M
YoY Change -2.87% -7.24%
SHAREHOLDERS EQUITY
Retained Earnings -$50.64M -$57.34M
YoY Change -13.47% -5.99%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $34.89M $18.63M
YoY Change
Total Liabilities & Shareholders Equity $619.3M $573.1M
YoY Change 3.11% -0.74%

Cashflow Statement

Concept 2024 Q3 2024 Q2
OPERATING ACTIVITIES
Net Income $4.264M $3.066M
YoY Change 96.59% 43.14%
Depreciation, Depletion And Amortization $2.280M $2.490M
YoY Change -26.45% -24.93%
Cash From Operating Activities $77.57M $77.31M
YoY Change 3.42% 6.0%
INVESTING ACTIVITIES
Capital Expenditures $3.886M $2.592M
YoY Change 68.96% 2.94%
Acquisitions
YoY Change
Other Investing Activities -$89.38M -$56.75M
YoY Change 19.97% -21.6%
Cash From Investing Activities -$93.26M -$59.34M
YoY Change 21.44% -20.77%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 9.092M -25.85M
YoY Change 59.51% 254.3%
NET CHANGE
Cash From Operating Activities 77.57M 77.31M
Cash From Investing Activities -93.26M -59.34M
Cash From Financing Activities 9.092M -25.85M
Net Change In Cash -6.604M -7.884M
YoY Change -269.33% -14.91%
FREE CASH FLOW
Cash From Operating Activities $77.57M $77.31M
Capital Expenditures $3.886M $2.592M
Free Cash Flow $73.68M $74.71M
YoY Change 1.35% 6.11%

Facts In Submission

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CY2023Q2 us-gaap Profit Loss
ProfitLoss
18076000 usd
CY2023Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
176990000 usd
CY2023Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
194029000 usd
opfi Stock Issued During Period Value Exchange Of Shares
StockIssuedDuringPeriodValueExchangeOfShares
0 usd
us-gaap Stock Issued During Period Value Employee Stock Ownership Plan
StockIssuedDuringPeriodValueEmployeeStockOwnershipPlan
0 usd
us-gaap Stock Issued During Period Value Employee Stock Purchase Plan
StockIssuedDuringPeriodValueEmployeeStockPurchasePlan
119000 usd
us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
2533000 usd
CY2024Q2 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.12
us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.12
us-gaap Dividends Common Stock Stock
DividendsCommonStockStock
2374000 usd
us-gaap Distribution Made To Limited Liability Company Llc Member Cash Distributions Declared
DistributionMadeToLimitedLiabilityCompanyLLCMemberCashDistributionsDeclared
28591000 usd
opfi Adjustments To Additional Paid In Capital Tax Receivable Agreement Liability
AdjustmentsToAdditionalPaidInCapitalTaxReceivableAgreementLiability
130000 usd
opfi Adjustments To Additional Paid In Capital Deferred Tax Asset
AdjustmentsToAdditionalPaidInCapitalDeferredTaxAsset
-747000 usd
us-gaap Profit Loss
ProfitLoss
37807000 usd
CY2024Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
201689000 usd
CY2022Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
159150000 usd
opfi Stock Issued During Period Value Exchange Of Shares
StockIssuedDuringPeriodValueExchangeOfShares
0 usd
us-gaap Stock Issued During Period Value Employee Stock Ownership Plan
StockIssuedDuringPeriodValueEmployeeStockOwnershipPlan
0 usd
us-gaap Stock Issued During Period Value Employee Stock Purchase Plan
StockIssuedDuringPeriodValueEmployeeStockPurchasePlan
157000 usd
us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
1984000 usd
us-gaap Distribution Made To Limited Liability Company Llc Member Cash Distributions Declared
DistributionMadeToLimitedLiabilityCompanyLLCMemberCashDistributionsDeclared
7510000 usd
opfi Adjustments To Additional Paid In Capital Tax Receivable Agreement Liability
AdjustmentsToAdditionalPaidInCapitalTaxReceivableAgreementLiability
959000 usd
opfi Adjustments To Additional Paid In Capital Deferred Tax Asset
AdjustmentsToAdditionalPaidInCapitalDeferredTaxAsset
-244000 usd
us-gaap Profit Loss
ProfitLoss
22006000 usd
CY2023Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
176990000 usd
us-gaap Profit Loss
ProfitLoss
37807000 usd
us-gaap Profit Loss
ProfitLoss
22006000 usd
opfi Change In Fair Value Of Finance Receivables
ChangeInFairValueOfFinanceReceivables
-104121000 usd
opfi Change In Fair Value Of Finance Receivables
ChangeInFairValueOfFinanceReceivables
-107161000 usd
us-gaap Financing Receivable Excluding Accrued Interest Credit Loss Expense Reversal
FinancingReceivableExcludingAccruedInterestCreditLossExpenseReversal
31000 usd
us-gaap Financing Receivable Excluding Accrued Interest Credit Loss Expense Reversal
FinancingReceivableExcludingAccruedInterestCreditLossExpenseReversal
3936000 usd
us-gaap Depreciation And Amortization
DepreciationAndAmortization
5215000 usd
us-gaap Depreciation And Amortization
DepreciationAndAmortization
6708000 usd
opfi Debt Issuance Cost Amortization
DebtIssuanceCostAmortization
1148000 usd
opfi Debt Issuance Cost Amortization
DebtIssuanceCostAmortization
1278000 usd
us-gaap Share Based Compensation
ShareBasedCompensation
3096000 usd
us-gaap Share Based Compensation
ShareBasedCompensation
1984000 usd
us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
-3000 usd
us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
-1000 usd
opfi Adjustment On Transfer Of Finance Receivables From Held For Sale To Held For Investment
AdjustmentOnTransferOfFinanceReceivablesFromHeldForSaleToHeldForInvestment
0 usd
opfi Adjustment On Transfer Of Finance Receivables From Held For Sale To Held For Investment
AdjustmentOnTransferOfFinanceReceivablesFromHeldForSaleToHeldForInvestment
2983000 usd
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
1243000 usd
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
249000 usd
opfi Gain Loss On Tax Receivable Agreement Liability
GainLossOnTaxReceivableAgreementLiability
-57000 usd
opfi Gain Loss On Tax Receivable Agreement Liability
GainLossOnTaxReceivableAgreementLiability
0 usd
us-gaap Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
-4195000 usd
us-gaap Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
-504000 usd
us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
0 usd
us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
113000 usd
us-gaap Increase Decrease In Accrued Investment Income Receivable
IncreaseDecreaseInAccruedInvestmentIncomeReceivable
-1400000 usd
us-gaap Increase Decrease In Accrued Investment Income Receivable
IncreaseDecreaseInAccruedInvestmentIncomeReceivable
-1715000 usd
us-gaap Increase Decrease In Insurance Settlements Receivable
IncreaseDecreaseInInsuranceSettlementsReceivable
76000 usd
us-gaap Increase Decrease In Insurance Settlements Receivable
IncreaseDecreaseInInsuranceSettlementsReceivable
511000 usd
us-gaap Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
-71000 usd
us-gaap Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
-32000 usd
us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
-400000 usd
us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
-38000 usd
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-2043000 usd
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-2279000 usd
us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
3596000 usd
us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
-88000 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
151732000 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
138566000 usd
us-gaap Payments To Acquire Finance Receivables
PaymentsToAcquireFinanceReceivables
336893000 usd
us-gaap Payments To Acquire Finance Receivables
PaymentsToAcquireFinanceReceivables
346697000 usd
us-gaap Proceeds From Collection Of Finance Receivables
ProceedsFromCollectionOfFinanceReceivables
264270000 usd
us-gaap Proceeds From Collection Of Finance Receivables
ProceedsFromCollectionOfFinanceReceivables
248131000 usd
us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
4721000 usd
us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
4633000 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-77344000 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
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us-gaap Payments Of Distributions To Affiliates
PaymentsOfDistributionsToAffiliates
28591000 usd
us-gaap Payments Of Distributions To Affiliates
PaymentsOfDistributionsToAffiliates
7510000 usd
us-gaap Proceeds From Repayments Of Secured Debt
ProceedsFromRepaymentsOfSecuredDebt
0 usd
us-gaap Proceeds From Repayments Of Secured Debt
ProceedsFromRepaymentsOfSecuredDebt
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opfi Proceeds From Repayments Of Senior Debt
ProceedsFromRepaymentsOfSeniorDebt
-21113000 usd
opfi Proceeds From Repayments Of Senior Debt
ProceedsFromRepaymentsOfSeniorDebt
-13086000 usd
us-gaap Repayments Of Senior Debt
RepaymentsOfSeniorDebt
10000000 usd
us-gaap Repayments Of Senior Debt
RepaymentsOfSeniorDebt
0 usd
opfi Proceeds From Repayment Of Note Payable
ProceedsFromRepaymentOfNotePayable
-1449000 usd
opfi Proceeds From Repayment Of Note Payable
ProceedsFromRepaymentOfNotePayable
-1616000 usd
us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
812000 usd
us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
231000 usd
us-gaap Proceeds From Stock Plans
ProceedsFromStockPlans
119000 usd
us-gaap Proceeds From Stock Plans
ProceedsFromStockPlans
157000 usd
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
741000 usd
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
0 usd
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
2533000 usd
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
0 usd
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
2374000 usd
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
0 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-67494000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
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us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
6894000 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
12438000 usd
CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
73943000 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
49670000 usd
CY2024Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
80837000 usd
CY2023Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
62108000 usd
us-gaap Interest Paid Net
InterestPaidNet
21592000 usd
us-gaap Interest Paid Net
InterestPaidNet
20966000 usd
us-gaap Income Taxes Paid
IncomeTaxesPaid
391000 usd
us-gaap Income Taxes Paid
IncomeTaxesPaid
19000 usd
opfi Adjustments To Additional Paid In Capital Tax Receivable Agreement Liability
AdjustmentsToAdditionalPaidInCapitalTaxReceivableAgreementLiability
959000 usd
opfi Adjustments To Additional Paid In Capital As A Result Of Adjustment To Deferred Tax Asset
AdjustmentsToAdditionalPaidInCapitalAsAResultOfAdjustmentToDeferredTaxAsset
747000 usd
opfi Adjustments To Additional Paid In Capital As A Result Of Adjustment To Deferred Tax Asset
AdjustmentsToAdditionalPaidInCapitalAsAResultOfAdjustmentToDeferredTaxAsset
244000 usd
opfi Operating Lease Right Of Use Asset Recognized From Accounting Standard Update
OperatingLeaseRightOfUseAssetRecognizedFromAccountingStandardUpdate
0 usd
opfi Operating Lease Right Of Use Asset Recognized From Accounting Standard Update
OperatingLeaseRightOfUseAssetRecognizedFromAccountingStandardUpdate
159000 usd
opfi Operating Lease Liability Recognized From Accounting Standard Update
OperatingLeaseLiabilityRecognizedFromAccountingStandardUpdate
0 usd
opfi Operating Lease Liability Recognized From Accounting Standard Update
OperatingLeaseLiabilityRecognizedFromAccountingStandardUpdate
159000 usd
opfi Noncash Reclassification Of Finance Receivables Assets Held For Sale To Held For Investment
NoncashReclassificationOfFinanceReceivablesAssetsHeldForSaleToHeldForInvestment
0 usd
opfi Noncash Reclassification Of Finance Receivables Assets Held For Sale To Held For Investment
NoncashReclassificationOfFinanceReceivablesAssetsHeldForSaleToHeldForInvestment
2637000 usd
us-gaap Nature Of Operations
NatureOfOperations
Organization and Nature of Operations<div style="text-align:justify"><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 subsidiaries (“Company”), is a tech-enabled, mission-driven specialty finance platform that broadens the reach of community banks to extend credit access to everyday Americans. OppFi’s primary products are offered by its OppLoans platform. OppFi’s products also previously included its payroll deduction secured installment loan product, SalaryTap, and credit card product, OppFi Card. </span></div><div style="text-align:justify"><span><br/></span></div><div style="text-align:justify"><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 style="text-align:justify"><span><br/></span></div><div style="text-align:justify"><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 June 30, 2024 and December 31, 2023, OppFi owned approximately 17.7% and 17.0% of the OppFi Units, respectively, 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&amp;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>
CY2024Q2 opfi Reverse Recapitalization Ownership Interest Held Percent
ReverseRecapitalizationOwnershipInterestHeldPercent
0.177
CY2023Q4 opfi Reverse Recapitalization Ownership Interest Held Percent
ReverseRecapitalizationOwnershipInterestHeldPercent
0.170
us-gaap Use Of Estimates
UseOfEstimates
<div style="text-align:justify"><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 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 style="text-align:justify"><span><br/></span></div><div style="text-align:justify"><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, valuation allowance of deferred tax assets, stock-based compensation expense and income tax </span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">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.</span></div>
opfi Finance Receivables Originated Through Bank Partnership Arrangements Percentage
FinanceReceivablesOriginatedThroughBankPartnershipArrangementsPercentage
1
opfi Finance Receivables Originated Through Bank Partnership Arrangements Percentage
FinanceReceivablesOriginatedThroughBankPartnershipArrangementsPercentage
0.96
CY2024Q2 opfi Finance Receivables Originated Through Bank Partnership Arrangements
FinanceReceivablesOriginatedThroughBankPartnershipArrangements
18000000 usd
CY2023Q4 opfi Finance Receivables Originated Through Bank Partnership Arrangements
FinanceReceivablesOriginatedThroughBankPartnershipArrangements
14500000 usd
us-gaap Research And Development Expense Software Excluding Acquired In Process Cost
ResearchAndDevelopmentExpenseSoftwareExcludingAcquiredInProcessCost
4400000 usd
us-gaap Business Exit Costs1
BusinessExitCosts1
2900000 usd
CY2024Q2 us-gaap Restructuring Reserve
RestructuringReserve
2400000 usd
CY2024Q2 opfi Financing Receivable After Allowance For Credit Loss Before Fair Value Option Adjustment Accrual Status
FinancingReceivableAfterAllowanceForCreditLossBeforeFairValueOptionAdjustmentAccrualStatus
363638000 usd
CY2023Q4 opfi Financing Receivable After Allowance For Credit Loss Before Fair Value Option Adjustment Accrual Status
FinancingReceivableAfterAllowanceForCreditLossBeforeFairValueOptionAdjustmentAccrualStatus
384587000 usd
CY2024Q2 opfi Financing Receivable After Allowance For Credit Loss Before Fair Value Option Adjustment Nonaccrual Status
FinancingReceivableAfterAllowanceForCreditLossBeforeFairValueOptionAdjustmentNonaccrualStatus
23448000 usd
CY2023Q4 opfi Financing Receivable After Allowance For Credit Loss Before Fair Value Option Adjustment Nonaccrual Status
FinancingReceivableAfterAllowanceForCreditLossBeforeFairValueOptionAdjustmentNonaccrualStatus
31876000 usd
CY2024Q2 opfi Financing Receivable After Allowance For Credit Loss Before Fair Value Option Adjustment
FinancingReceivableAfterAllowanceForCreditLossBeforeFairValueOptionAdjustment
387086000 usd
CY2023Q4 opfi Financing Receivable After Allowance For Credit Loss Before Fair Value Option Adjustment
FinancingReceivableAfterAllowanceForCreditLossBeforeFairValueOptionAdjustment
416463000 usd
CY2024Q2 opfi Financing Receivable Excluding Accrued Interest After Allowance For Credit Loss Fair Value Option Accrual
FinancingReceivableExcludingAccruedInterestAfterAllowanceForCreditLossFairValueOptionAccrual
413059000 usd
CY2023Q4 opfi Financing Receivable Excluding Accrued Interest After Allowance For Credit Loss Fair Value Option Accrual
FinancingReceivableExcludingAccruedInterestAfterAllowanceForCreditLossFairValueOptionAccrual
444120000 usd
CY2024Q2 opfi Financing Receivable Excluding Accrued Interest After Allowance For Credit Loss Fair Value Option Nonaccrual
FinancingReceivableExcludingAccruedInterestAfterAllowanceForCreditLossFairValueOptionNonaccrual
757000 usd
CY2023Q4 opfi Financing Receivable Excluding Accrued Interest After Allowance For Credit Loss Fair Value Option Nonaccrual
FinancingReceivableExcludingAccruedInterestAfterAllowanceForCreditLossFairValueOptionNonaccrual
1135000 usd
CY2024Q2 opfi Financing Receivable Excluding Accrued Interest After Allowance For Credit Loss Fair Value Option
FinancingReceivableExcludingAccruedInterestAfterAllowanceForCreditLossFairValueOption
413816000 usd
CY2023Q4 opfi Financing Receivable Excluding Accrued Interest After Allowance For Credit Loss Fair Value Option
FinancingReceivableExcludingAccruedInterestAfterAllowanceForCreditLossFairValueOption
445255000 usd
CY2024Q2 opfi Financing Receivables Accrued Interest And Fees After Allowance For Credit Loss
FinancingReceivablesAccruedInterestAndFeesAfterAllowanceForCreditLoss
16666000 usd
CY2023Q4 opfi Financing Receivables Accrued Interest And Fees After Allowance For Credit Loss
FinancingReceivablesAccruedInterestAndFeesAfterAllowanceForCreditLoss
18065000 usd
CY2024Q2 opfi Financing Receivable After Allowance For Credit Loss Fair Value Option
FinancingReceivableAfterAllowanceForCreditLossFairValueOption
430482000 usd
CY2023Q4 opfi Financing Receivable After Allowance For Credit Loss Fair Value Option
FinancingReceivableAfterAllowanceForCreditLossFairValueOption
463320000 usd
CY2024Q2 us-gaap Fair Value Option Aggregate Differences Loans And Long Term Receivables
FairValueOptionAggregateDifferencesLoansAndLongTermReceivables
26730000 usd
CY2023Q4 us-gaap Fair Value Option Aggregate Differences Loans And Long Term Receivables
FairValueOptionAggregateDifferencesLoansAndLongTermReceivables
28792000 usd
CY2024Q2 us-gaap Fair Value Option Credit Risk Gains Losses On Assets
FairValueOptionCreditRiskGainsLossesOnAssets
-6200000 usd
CY2023Q2 us-gaap Fair Value Option Credit Risk Gains Losses On Assets
FairValueOptionCreditRiskGainsLossesOnAssets
-14600000 usd
us-gaap Fair Value Option Credit Risk Gains Losses On Assets
FairValueOptionCreditRiskGainsLossesOnAssets
-8400000 usd
us-gaap Fair Value Option Credit Risk Gains Losses On Assets
FairValueOptionCreditRiskGainsLossesOnAssets
-18800000 usd
CY2024Q2 us-gaap Financing Receivable Excluding Accrued Interest Before Allowance For Credit Loss
FinancingReceivableExcludingAccruedInterestBeforeAllowanceForCreditLoss
21000 usd
CY2023Q4 us-gaap Financing Receivable Excluding Accrued Interest Before Allowance For Credit Loss
FinancingReceivableExcludingAccruedInterestBeforeAllowanceForCreditLoss
454000 usd
CY2024Q2 opfi Financing Receivables Accrued Interest And Fees Before Allowance For Credit Loss
FinancingReceivablesAccruedInterestAndFeesBeforeAllowanceForCreditLoss
1000 usd
CY2023Q4 opfi Financing Receivables Accrued Interest And Fees Before Allowance For Credit Loss
FinancingReceivablesAccruedInterestAndFeesBeforeAllowanceForCreditLoss
2000 usd
CY2024Q2 us-gaap Financing Receivable Allowance For Credit Loss Excluding Accrued Interest
FinancingReceivableAllowanceForCreditLossExcludingAccruedInterest
3000 usd
CY2024Q2 us-gaap Financing Receivable Excluding Accrued Interest After Allowance For Credit Loss
FinancingReceivableExcludingAccruedInterestAfterAllowanceForCreditLoss
19000 usd
CY2023Q4 us-gaap Financing Receivable Excluding Accrued Interest After Allowance For Credit Loss
FinancingReceivableExcludingAccruedInterestAfterAllowanceForCreditLoss
110000 usd
CY2024Q1 us-gaap Financing Receivable Allowance For Credit Loss Excluding Accrued Interest
FinancingReceivableAllowanceForCreditLossExcludingAccruedInterest
7000 usd
CY2023Q1 us-gaap Financing Receivable Allowance For Credit Loss Excluding Accrued Interest
FinancingReceivableAllowanceForCreditLossExcludingAccruedInterest
47000 usd
CY2023Q4 us-gaap Financing Receivable Allowance For Credit Loss Excluding Accrued Interest
FinancingReceivableAllowanceForCreditLossExcludingAccruedInterest
346000 usd
CY2022Q4 us-gaap Financing Receivable Allowance For Credit Loss Excluding Accrued Interest
FinancingReceivableAllowanceForCreditLossExcludingAccruedInterest
96000 usd
CY2024Q2 us-gaap Financing Receivable Excluding Accrued Interest Credit Loss Expense Reversal
FinancingReceivableExcludingAccruedInterestCreditLossExpenseReversal
4000 usd
CY2023Q2 us-gaap Financing Receivable Excluding Accrued Interest Credit Loss Expense Reversal
FinancingReceivableExcludingAccruedInterestCreditLossExpenseReversal
3866000 usd
us-gaap Financing Receivable Excluding Accrued Interest Credit Loss Expense Reversal
FinancingReceivableExcludingAccruedInterestCreditLossExpenseReversal
31000 usd
us-gaap Financing Receivable Excluding Accrued Interest Credit Loss Expense Reversal
FinancingReceivableExcludingAccruedInterestCreditLossExpenseReversal
3936000 usd
CY2024Q2 us-gaap Financing Receivable Excluding Accrued Interest Allowance For Credit Loss Writeoff
FinancingReceivableExcludingAccruedInterestAllowanceForCreditLossWriteoff
8000 usd
CY2023Q2 us-gaap Financing Receivable Excluding Accrued Interest Allowance For Credit Loss Writeoff
FinancingReceivableExcludingAccruedInterestAllowanceForCreditLossWriteoff
1505000 usd
us-gaap Financing Receivable Excluding Accrued Interest Allowance For Credit Loss Writeoff
FinancingReceivableExcludingAccruedInterestAllowanceForCreditLossWriteoff
374000 usd
us-gaap Financing Receivable Excluding Accrued Interest Allowance For Credit Loss Writeoff
FinancingReceivableExcludingAccruedInterestAllowanceForCreditLossWriteoff
1624000 usd
CY2024Q2 us-gaap Financing Receivable Excluding Accrued Interest Allowance For Credit Loss Recovery
FinancingReceivableExcludingAccruedInterestAllowanceForCreditLossRecovery
0 usd
CY2023Q2 us-gaap Financing Receivable Excluding Accrued Interest Allowance For Credit Loss Recovery
FinancingReceivableExcludingAccruedInterestAllowanceForCreditLossRecovery
3000 usd
us-gaap Financing Receivable Excluding Accrued Interest Allowance For Credit Loss Recovery
FinancingReceivableExcludingAccruedInterestAllowanceForCreditLossRecovery
0 usd
us-gaap Financing Receivable Excluding Accrued Interest Allowance For Credit Loss Recovery
FinancingReceivableExcludingAccruedInterestAllowanceForCreditLossRecovery
3000 usd
CY2024Q2 us-gaap Financing Receivable Allowance For Credit Loss Excluding Accrued Interest
FinancingReceivableAllowanceForCreditLossExcludingAccruedInterest
3000 usd
CY2023Q2 us-gaap Financing Receivable Allowance For Credit Loss Excluding Accrued Interest
FinancingReceivableAllowanceForCreditLossExcludingAccruedInterest
2411000 usd
CY2024Q2 us-gaap Financing Receivable Allowance For Credit Loss Excluding Accrued Interest
FinancingReceivableAllowanceForCreditLossExcludingAccruedInterest
3000 usd
CY2023Q2 us-gaap Financing Receivable Allowance For Credit Loss Excluding Accrued Interest
FinancingReceivableAllowanceForCreditLossExcludingAccruedInterest
2411000 usd
CY2024Q2 us-gaap Financing Receivable Recorded Investment Nonaccrual Status
FinancingReceivableRecordedInvestmentNonaccrualStatus
13000 usd
CY2023Q4 us-gaap Financing Receivable Recorded Investment Nonaccrual Status
FinancingReceivableRecordedInvestmentNonaccrualStatus
30000 usd
CY2024Q2 us-gaap Property Plant And Equipment Gross
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65062000 usd
CY2023Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
60348000 usd
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AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
55267000 usd
CY2023Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
50056000 usd
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PropertyPlantAndEquipmentNet
9795000 usd
CY2023Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
10292000 usd
CY2024Q2 us-gaap Depreciation Amortization And Accretion Net
DepreciationAmortizationAndAccretionNet
2500000 usd
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DepreciationAmortizationAndAccretionNet
3300000 usd
us-gaap Depreciation Amortization And Accretion Net
DepreciationAmortizationAndAccretionNet
5200000 usd
us-gaap Depreciation Amortization And Accretion Net
DepreciationAmortizationAndAccretionNet
6700000 usd
CY2024Q2 opfi Accrual For Services Rendered And Goods Purchased
AccrualForServicesRenderedAndGoodsPurchased
9827000 usd
CY2023Q4 opfi Accrual For Services Rendered And Goods Purchased
AccrualForServicesRenderedAndGoodsPurchased
6899000 usd
CY2024Q2 us-gaap Employee Related Liabilities Current And Noncurrent
EmployeeRelatedLiabilitiesCurrentAndNoncurrent
6081000 usd
CY2023Q4 us-gaap Employee Related Liabilities Current And Noncurrent
EmployeeRelatedLiabilitiesCurrentAndNoncurrent
8900000 usd
CY2024Q2 us-gaap Interest Payable Current And Noncurrent
InterestPayableCurrentAndNoncurrent
2448000 usd
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InterestPayableCurrentAndNoncurrent
2794000 usd
CY2024Q2 opfi Accrued Exit Costs
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2364000 usd
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0 usd
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OtherAccruedLiabilitiesCurrentAndNoncurrent
4882000 usd
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OtherAccruedLiabilitiesCurrentAndNoncurrent
3413000 usd
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25602000 usd
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22006000 usd
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585000 usd
CY2023Q2 us-gaap Operating Lease Cost
OperatingLeaseCost
599000 usd
us-gaap Operating Lease Cost
OperatingLeaseCost
1182000 usd
us-gaap Operating Lease Cost
OperatingLeaseCost
1162000 usd
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435000 usd
CY2023Q2 us-gaap Variable Lease Cost
VariableLeaseCost
496000 usd
us-gaap Variable Lease Cost
VariableLeaseCost
769000 usd
us-gaap Variable Lease Cost
VariableLeaseCost
993000 usd
CY2024Q2 us-gaap Short Term Lease Cost
ShortTermLeaseCost
15000 usd
CY2023Q2 us-gaap Short Term Lease Cost
ShortTermLeaseCost
3000 usd
us-gaap Short Term Lease Cost
ShortTermLeaseCost
18000 usd
us-gaap Short Term Lease Cost
ShortTermLeaseCost
43000 usd
CY2024Q2 us-gaap Sublease Income
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79000 usd
CY2023Q2 us-gaap Sublease Income
SubleaseIncome
79000 usd
us-gaap Sublease Income
SubleaseIncome
159000 usd
us-gaap Sublease Income
SubleaseIncome
159000 usd
CY2024Q2 us-gaap Lease Cost
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956000 usd
CY2023Q2 us-gaap Lease Cost
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1019000 usd
us-gaap Lease Cost
LeaseCost
1810000 usd
us-gaap Lease Cost
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2039000 usd
CY2024Q2 us-gaap Operating Lease Payments
OperatingLeasePayments
621000 usd
CY2023Q2 us-gaap Operating Lease Payments
OperatingLeasePayments
616000 usd
us-gaap Operating Lease Payments
OperatingLeasePayments
1254000 usd
us-gaap Operating Lease Payments
OperatingLeasePayments
1195000 usd
CY2024Q2 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P6Y3M18D
CY2023Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
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P6Y8M12D
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0.05
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0.05
CY2024Q2 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
1217000 usd
CY2024Q2 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
2482000 usd
CY2024Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
2557000 usd
CY2024Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
2633000 usd
CY2024Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
2712000 usd
CY2024Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
2794000 usd
CY2024Q2 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
2144000 usd
CY2024Q2 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
16539000 usd
CY2024Q2 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
2368000 usd
CY2024Q2 us-gaap Operating Lease Liability
OperatingLeaseLiability
14171000 usd
CY2024Q2 us-gaap Warrants And Rights Outstanding
WarrantsAndRightsOutstanding
2700000 usd
CY2023Q4 us-gaap Warrants And Rights Outstanding
WarrantsAndRightsOutstanding
6900000 usd
CY2023Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
1842192 shares
CY2023Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
13.65
CY2023 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P7Y7M6D
CY2023Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
450000 usd
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
0 shares
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
0
us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
0 shares
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
0
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
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us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
0
CY2024Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
1842192 shares
CY2024Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
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us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P7Y1M6D
CY2024Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
43000 usd
CY2024Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableNumber
1502344 shares
CY2024Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableWeightedAverageExercisePrice
14.26
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested And Expected To Vest Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestExercisableWeightedAverageRemainingContractualTerm1
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CY2024Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Exercisable Aggregate Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableAggregateIntrinsicValue
21000 usd
CY2024Q2 us-gaap Accrued Employee Benefits Current And Noncurrent
AccruedEmployeeBenefitsCurrentAndNoncurrent
200000 usd
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AccruedEmployeeBenefitsCurrentAndNoncurrent
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CY2024Q2 us-gaap Employee Benefits And Share Based Compensation
EmployeeBenefitsAndShareBasedCompensation
19000 usd
CY2023Q2 us-gaap Employee Benefits And Share Based Compensation
EmployeeBenefitsAndShareBasedCompensation
21000 usd
us-gaap Employee Benefits And Share Based Compensation
EmployeeBenefitsAndShareBasedCompensation
46000 usd
CY2024Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
900000 usd
CY2024Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
28600000 usd
CY2024Q2 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.032
CY2023Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
700000 usd
CY2023Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
18800000 usd
CY2023Q2 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.037
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
1300000 usd
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
39100000 usd
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.034
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
800000 usd
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
22800000 usd
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.037
CY2023Q2 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.21
us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.21
CY2024Q2 us-gaap Effective Income Tax Rate Reconciliation Share Based Compensation Excess Tax Benefit Amount
EffectiveIncomeTaxRateReconciliationShareBasedCompensationExcessTaxBenefitAmount
-148000 usd
CY2024Q2 us-gaap Effective Income Tax Rate Reconciliation Share Based Compensation Excess Tax Benefit Percent
EffectiveIncomeTaxRateReconciliationShareBasedCompensationExcessTaxBenefitPercent
0.005
CY2024Q2 opfi Effective Income Tax Rate Reconciliation Excluding Tax Expense Benefit Share Based Payment Arrangement Percent
EffectiveIncomeTaxRateReconciliationExcludingTaxExpenseBenefitShareBasedPaymentArrangementPercent
0.037
CY2023Q2 us-gaap Effective Income Tax Rate Reconciliation Share Based Compensation Excess Tax Benefit Amount
EffectiveIncomeTaxRateReconciliationShareBasedCompensationExcessTaxBenefitAmount
-3000 usd
CY2023Q2 us-gaap Effective Income Tax Rate Reconciliation Share Based Compensation Excess Tax Benefit Percent
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0.0001
CY2023Q2 opfi Effective Income Tax Rate Reconciliation Excluding Tax Expense Benefit Share Based Payment Arrangement Percent
EffectiveIncomeTaxRateReconciliationExcludingTaxExpenseBenefitShareBasedPaymentArrangementPercent
0.037
us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
17000 usd
us-gaap Effective Income Tax Rate Reconciliation Share Based Compensation Excess Tax Benefit Amount
EffectiveIncomeTaxRateReconciliationShareBasedCompensationExcessTaxBenefitAmount
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0.005
opfi Effective Income Tax Rate Reconciliation Excluding Tax Expense Benefit Share Based Payment Arrangement Percent
EffectiveIncomeTaxRateReconciliationExcludingTaxExpenseBenefitShareBasedPaymentArrangementPercent
0.039
us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
7000 usd
us-gaap Effective Income Tax Rate Reconciliation Share Based Compensation Excess Tax Benefit Amount
EffectiveIncomeTaxRateReconciliationShareBasedCompensationExcessTaxBenefitAmount
-3000 usd
us-gaap Effective Income Tax Rate Reconciliation Share Based Compensation Excess Tax Benefit Percent
EffectiveIncomeTaxRateReconciliationShareBasedCompensationExcessTaxBenefitPercent
0.0002
opfi Effective Income Tax Rate Reconciliation Excluding Tax Expense Benefit Share Based Payment Arrangement Percent
EffectiveIncomeTaxRateReconciliationExcludingTaxExpenseBenefitShareBasedPaymentArrangementPercent
0.036
CY2023Q2 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.21
us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.21
CY2024Q2 opfi Reverse Recapitalization Ownership Interest Held Percent
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0.177
CY2023Q2 opfi Reverse Recapitalization Ownership Interest Held Percent
ReverseRecapitalizationOwnershipInterestHeldPercent
0.148
CY2023Q2 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.21
us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.21
us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.21
CY2024Q2 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.21
CY2024Q2 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
55000 usd
CY2023Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
38000 usd
CY2023Q4 us-gaap Income Tax Examination Penalties And Interest Accrued
IncomeTaxExaminationPenaltiesAndInterestAccrued
0 usd
CY2024Q2 us-gaap Income Tax Examination Penalties And Interest Accrued
IncomeTaxExaminationPenaltiesAndInterestAccrued
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CY2024Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
46622000 usd
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RestrictedCashAndCashEquivalentsAtCarryingValue
34215000 usd
CY2024Q2 opfi Financing Receivables Accrued Interest And Fees After Allowance For Credit Loss
FinancingReceivablesAccruedInterestAndFeesAfterAllowanceForCreditLoss
16666000 usd
CY2024Q2 us-gaap Financing Receivable Excluding Accrued Interest After Allowance For Credit Loss
FinancingReceivableExcludingAccruedInterestAfterAllowanceForCreditLoss
19000 usd
CY2024Q2 us-gaap Insurance Settlements Receivable
InsuranceSettlementsReceivable
1980000 usd
CY2024Q2 us-gaap Senior Notes
SeniorNotes
301774000 usd
CY2023Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
31791000 usd
CY2023Q4 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
RestrictedCashAndCashEquivalentsAtCarryingValue
42152000 usd
CY2023Q4 opfi Financing Receivables Accrued Interest And Fees After Allowance For Credit Loss
FinancingReceivablesAccruedInterestAndFeesAfterAllowanceForCreditLoss
18065000 usd
CY2023Q4 us-gaap Financing Receivable Excluding Accrued Interest After Allowance For Credit Loss
FinancingReceivableExcludingAccruedInterestAfterAllowanceForCreditLoss
110000 usd
CY2023Q4 us-gaap Insurance Settlements Receivable
InsuranceSettlementsReceivable
1904000 usd
CY2023Q4 us-gaap Senior Notes
SeniorNotes
332667000 usd
CY2023Q4 us-gaap Other Long Term Debt
OtherLongTermDebt
1449000 usd
CY2021Q3 opfi Tax Receivable Agreement Percentage Of Members Payment
TaxReceivableAgreementPercentageOfMembersPayment
0.90
us-gaap Defined Contribution Plan Employer Matching Contribution Percent Of Match
DefinedContributionPlanEmployerMatchingContributionPercentOfMatch
0.04
CY2024Q2 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
300000 usd
CY2023Q2 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
400000 usd
us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
700000 usd
us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
800000 usd
CY2024Q2 us-gaap Net Income Loss
NetIncomeLoss
3066000 usd
CY2023Q2 us-gaap Net Income Loss
NetIncomeLoss
2142000 usd
us-gaap Net Income Loss
NetIncomeLoss
8603000 usd
us-gaap Net Income Loss
NetIncomeLoss
2393000 usd
CY2024Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
3066000 usd
CY2023Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
2142000 usd
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
8603000 usd
us-gaap Net Income Loss Available To Common Stockholders Basic
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2393000 usd
CY2024Q2 opfi Net Income Loss Attributable To Noncontrolling Interest Anti Dilutive
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0 usd
CY2023Q2 opfi Net Income Loss Attributable To Noncontrolling Interest Anti Dilutive
NetIncomeLossAttributableToNoncontrollingInterestAntiDilutive
33000 usd
opfi Net Income Loss Attributable To Noncontrolling Interest Anti Dilutive
NetIncomeLossAttributableToNoncontrollingInterestAntiDilutive
29204000 usd
opfi Net Income Loss Attributable To Noncontrolling Interest Anti Dilutive
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34000 usd
CY2024Q2 opfi Income Tax Expense Benefit Portion Attributable To Noncontrolling Interest
IncomeTaxExpenseBenefitPortionAttributableToNoncontrollingInterest
0 usd
CY2023Q2 opfi Income Tax Expense Benefit Portion Attributable To Noncontrolling Interest
IncomeTaxExpenseBenefitPortionAttributableToNoncontrollingInterest
8000 usd
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IncomeTaxExpenseBenefitPortionAttributableToNoncontrollingInterest
6875000 usd
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IncomeTaxExpenseBenefitPortionAttributableToNoncontrollingInterest
8000 usd
CY2024Q2 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
3066000 usd
CY2023Q2 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
2167000 usd
us-gaap Net Income Loss Available To Common Stockholders Diluted
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30932000 usd
us-gaap Net Income Loss Available To Common Stockholders Diluted
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2419000 usd
CY2024Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
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19675934 shares
CY2023Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
15632120 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
19440680 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
15336366 shares
CY2024Q2 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
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0 shares
CY2023Q2 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
241633 shares
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
66707797 shares
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
197101 shares
CY2024Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
19675934 shares
CY2023Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
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us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
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us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
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CY2024Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.16
CY2023Q2 us-gaap Earnings Per Share Basic
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us-gaap Earnings Per Share Basic
EarningsPerShareBasic
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us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.16
CY2024Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.16
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EarningsPerShareDiluted
0.14
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.36
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
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CY2024Q2 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
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CY2023Q2 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
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us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
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CY2024Q2 ecd Non Rule10b51 Arr Adopted Flag
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CY2024Q2 ecd Rule10b51 Arr Adopted Flag
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NonRule10b51ArrTrmntdFlag
false
CY2024Q2 ecd Rule10b51 Arr Trmntd Flag
Rule10b51ArrTrmntdFlag
false

Files In Submission

Name View Source Status
0001818502-24-000015-index-headers.html Edgar Link pending
0001818502-24-000015-index.html Edgar Link pending
0001818502-24-000015.txt Edgar Link pending
0001818502-24-000015-xbrl.zip Edgar Link pending
exhibit101-xopploanseleven.htm Edgar Link pending
exhibit102-xopploansspvxth.htm Edgar Link pending
exhibit103-xoppfixsecondam.htm Edgar Link pending
exhibit104-xopploansspvxfo.htm Edgar Link pending
Financial_Report.xlsx Edgar Link pending
MetaLinks.json Edgar Link pending
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