OppFi Reports Q3 2026 Results with Decreased Revenue and Higher Credit Losses
OppFi (OPFI) reported third-quarter 2026 financial results characterized by a strategic shift toward disciplined underwriting and product diversification. Total revenue fell 3.8% year-over-year to $149.2 million, while adjusted net income declined 22.5% to $31.6 million. These declines were primarily driven by tightened marketing partner screening criteria and elevated credit losses resulting from high inflation and subdued consumer sentiment. Despite the contraction in volume and earnings, management is focusing on long-term platform modernization through its LOLA technology and a new line of credit product. The company maintains a strong liquidity position with $140.7 million in cash and has set an ambitious long-term target of $3.00 EPS by 2028. Strategic investments totaling $150 million are planned for the year to support these growth objectives.
Tickers: $OPFI
Topics: Credit losses EPS miss Financial performance Net Income decrease Revenue decline
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