XML 13 R2.htm IDEA: XBRL DOCUMENT v3.23.3
Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2023
Dec. 31, 2022
Assets    
Cash [1] $ 31,125 $ 16,239
Restricted cash [1] 34,902 33,431
Total cash and restricted cash 66,027 49,670
Finance receivables at fair value [1] 466,465 457,296
Finance receivables at amortized cost, net of allowance for credit losses of $2,083 and $96 as of September 30, 2023 and December 31, 2022, respectively, and unearned income of $66 as of September 30, 2023 209 643
Settlement receivable [1] 2,902 2,000
Assets held for sale 0 550
Debt issuance costs, net [1] 4,217 4,049
Property, equipment and software, net 11,098 14,039
Operating lease right of use asset 12,587 13,587
Deferred tax asset 24,691 26,758
Other assets [1] 12,396 11,247
Total assets 600,592 579,839
Liabilities:    
Accounts payable [1] 3,569 6,338
Accrued expenses [1] 21,903 23,220
Operating lease liability 15,504 16,558
Secured borrowing payable [1] 0 756
Senior debt, net [1] 342,172 344,688
Notes payable 2,173 1,616
Warrant liabilities 1,050 1,888
Tax receivable agreement liability 24,388 25,625
Total liabilities 410,759 420,689
Commitments and contingencies (Note 14)
Stockholders' equity:    
Preferred stock, $0.0001 par value (1,000,000 shares authorized with no shares issued and outstanding as of September 30, 2023 and December 31, 2022) 0 0
Additional paid-in capital 72,383 65,501
Accumulated deficit (58,521) (63,546)
Treasury stock at cost, 703,914 shares as of September 30, 2023 and December 31, 2022 (2,460) (2,460)
Total OppFi Inc.'s stockholders' equity (deficit) 11,413 (494)
Noncontrolling interest 178,420 159,644
Total stockholders' equity 189,833 159,150
Total liabilities and stockholders' equity 600,592 579,839
Variable Interest Entity, Primary Beneficiary    
Assets    
Cash 258 0
Restricted cash 25,881 24,577
Total cash and restricted cash 26,139 24,577
Finance receivables at fair value 445,968 417,476
Settlement receivable 2,902 2,000
Debt issuance costs, net 4,217 4,049
Other assets 60 108
Total assets 479,286 448,210
Liabilities:    
Accounts payable 10 109
Accrued expenses 3,550 3,428
Secured borrowing payable 0 756
Senior debt, net 292,827 295,734
Total liabilities 296,387 300,027
Class A Common Stock    
Stockholders' equity:    
Common stock, value, issued 2 2
Class B Common Stock    
Stockholders' equity:    
Common stock, value, issued 0 0
Class V Voting Stock    
Stockholders' equity:    
Common stock, value, issued $ 9 $ 9
[1] (1) Includes amounts in consolidated variable interest entities ("VIEs") presented separately in the table below.