OppFi Inc. — Form 8-K
Filed August 10, 2026 · analyzed by the 8-K Agent
8-K
▼ Likely negative
significance 48/100
What the filing says
OppFi reported Q2 2026 total revenue of $145.2M (+1.9% YoY, company record for Q2) and net income of $15.6M (+36% YoY). However, adjusted net income fell 27% to $28.8M ($0.33 EPS), and the company cut full-year 2026 guidance: revenue to $600–625M (from $650–675M), adjusted net income to $115–130M (from $153–160M), and adjusted EPS to $1.34–1.51 (from $1.76–1.84). Net charge-offs surged to 39.5% of revenue (vs. 31.9% YoY), credit quality deteriorated, and originations fell 9.3%. The pending acquisition of BNCCORP Inc. and BNC National Bank remains in process (Form S-4 filed). OppFi repurchased $11.2M of stock at $9.46/share under a $40M authorization; unrestricted cash is $64.3M.
Why this rating
Guidance cuts (20–30% revenue/earnings reduction) and sharp credit deterioration are material headwinds. At $366.5M market cap, $50M+ guidance miss is ~14% of market cap, but offset by modest Q2 beat, strong FCF, and ongoing deal. Significance moderate, not severe.
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