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Segment Reporting | 6 Months Ended
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Jun. 30, 2026
Segment Reporting [Abstract] |
Segment Reporting | Segment Reporting The Company operates as a single reportable segment and manages the business activities on a consolidated basis. The Company derives its revenue in the United States by offering its installment loan product. The Company’s Chief Executive Officer is considered to be the chief operating decision maker (“CODM”). The CODM utilizes the net income in the consolidated statements of operations to assess financial performance, allocate resources and make strategic decisions. The measure of segment assets is total assets in the consolidated balance sheets. The following table presents selected financial information for the three and six months ended June 30, 2026 and 2025 (in thousands):
| Three Months Ended June 30, |  | Six Months Ended June 30,
| 2026 |  | 2025 |  | 2026 |  | 2025
Total revenue | $ | 145,170 |  |  | $ | 142,443 |  |  | $ | 297,051 |  |  | $ | 282,711 |
Charge-offs, net | (57,276) |  |  | (45,509) |  |  | (121,761) |  |  | (94,021) |
Net change in fair value | (1,723) |  |  | 3,312 |  |  | (1,821) |  |  | 2,366 |
Change in fair value of finance receivables | (58,999) |  |  | (42,197) |  |  | (123,582) |  |  | (91,655) |
Net revenue | 86,171 |  |  | 100,246 |  |  | 173,469 |  |  | 191,056 |
Expenses: |  |  |  |  |  |  |
Salaries and employee benefits | 16,294 |  |  | 17,754 |  |  | 30,548 |  |  | 31,532 |
Direct marketing costs | 11,403 |  |  | 11,890 |  |  | 21,788 |  |  | 22,178 |
Professional fees | 13,613 |  |  | 4,792 |  |  | 20,877 |  |  | 8,991 |
Interest expense and amortized debt issuance costs | 8,125 |  |  | 9,639 |  |  | 16,635 |  |  | 19,886 |
Technology costs | 3,525 |  |  | 3,382 |  |  | 6,854 |  |  | 6,343 |
Payment processing fees | 1,634 |  |  | 1,527 |  |  | 3,292 |  |  | 3,157 |
Depreciation and amortization | 1,509 |  |  | 1,502 |  |  | 2,100 |  |  | 3,262 |
Occupancy | 987 |  |  | 1,030 |  |  | 1,858 |  |  | 2,069 |
General, administrative and other | 4,726 |  |  | 3,922 |  |  | 9,800 |  |  | 6,338 |
Total expenses | 61,816 |  |  | 55,438 |  |  | 113,752 |  |  | 103,756 |
Income from operations | 24,355 |  |  | 44,808 |  |  | 59,717 |  |  | 87,300 |
Other income (expense): |  |  |  |  |  |  |
Change in fair value of warrant liabilities | 201 |  |  | (33,304) |  |  | 21,496 |  |  | (54,911) |
Income from equity method investment | 813 |  |  | 1,121 |  |  | 1,933 |  |  | 2,197 |
Other income | 87 |  |  | 79 |  |  | 319 |  |  | 159 |
Income before income taxes | 25,456 |  |  | 12,704 |  |  | 83,465 |  |  | 34,745 |
Income tax expense | 9,844 |  |  | 1,224 |  |  | 13,815 |  |  | 2,875 |
Net income | 15,612 |  |  | 11,480 |  |  | 69,650 |  |  | 31,870 |
Less: net income attributable to noncontrolling interest | 770 |  |  | 32,260 |  |  | 26,407 |  |  | 64,022 |
Net income (loss) attributable to OppFi Inc. | $ | 14,842 |  |  | $ | (20,780) |  |  | $ | 43,243 |  |  | $ | (32,152) |

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