OppFi reported third quarter 2026 results that missed revenue expectations as the company faced headwinds from lower average receivable balances and yield compression. While the company delivered a GAAP earnings beat with diluted EPS of $0.40, management lowered the top end of its full-year revenue and adjusted earnings guidance, reflecting a more cautious outlook on originations for the remainder of the fiscal year.
Key Highlights
- Net charge-offs as a percentage of total revenue rose to 40.1% from 35.1% in the prior-year period, driven by elevated charge-offs which offset a 38% year-over-year increase in recoveries.
- Full-year 2026 revenue guidance was reduced to a range of $600 million to $610 million, down from the previous top-end expectation of $625 million.
- Total net originations decreased 6.8% year-over-year to $229.3 million, primarily due to tightened marketing partner screening criteria implemented to maintain credit quality.
- The company generated $107.5 million in free cash flow during the first nine months of 2026 and repurchased $6.7 million of common stock during the third quarter.