XML 17 R4.htm IDEA: XBRL DOCUMENT v3.22.2.2
Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
 3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Revenue:        
Interest and loan related income $ 123,605 $ 91,448 $ 331,814 $ 253,581
Other income 639 529 1,015 1,029
Interest and other income 124,244 91,977 332,829 254,610
Change in fair value of finance receivables (70,601) (18,940) (162,280) (52,635)
Provision for credit losses on finance receivables (1,017) (143) (2,043) (181)
Net revenue 52,626 72,894 168,506 201,794
Expenses:        
Salaries and employee benefits 14,600 17,326 46,747 46,292
Direct marketing costs 12,861 15,580 45,828 34,502
Interest expense and amortized debt issuance costs 9,095 6,414 24,421 17,270
Interest expense - related party 0 0 0 137
Depreciation and amortization 3,452 2,712 10,056 7,289
Technology costs 3,301 2,696 9,723 7,265
Professional fees 3,443 9,511 8,957 15,391
Payment processing fees 2,772 2,001 7,738 5,313
Occupancy 1,091 1,006 3,231 2,765
Management fees - related party 0 0 0 350
General, administrative and other 2,980 4,136 8,533 11,337
Total expenses 53,595 61,382 165,234 147,911
(Loss) income from operations (969) 11,512 3,272 53,883
Other income:        
Gain on forgiveness of Paycheck Protection Program loan 0 6,444 0 6,444
Change in fair value of warrant liabilities 1,323 13,139 7,024 13,139
Income before income taxes 354 31,095 10,296 73,466
Provision for income taxes 1,015 703 1,757 703
Net (loss) income (661) 30,392 8,539 72,763
Net (loss) income attributable to noncontrolling interest (90) 16,267 4,576 58,638
Net (loss) income attributable to OppFi Inc. $ (571) $ 14,125 $ 3,963 $ 14,125
Earnings Per Share [Abstract]        
Basic (in dollars per share) $ (0.04) $ 1.06 $ 0.29 $ 1.08
Diluted (in dollars per share) $ (0.04) $ 0.29 $ 0.09 $ 0.29
Weighted average common shares outstanding:        
Basic (in dollars per share) 13,972,971 13,363,996 13,694,733 13,107,874
Diluted (in dollars per share) 13,972,971 84,464,783 84,277,277 84,464,783