OppFi Q2 adjusted EPS misses estimates as credit losses rise

Oppfi

10/08/2026 21:15

Overview
U.S. digital finance platform's Q2 revenue up 1.9% yr/yr to record for second qtr
Adjusted EPS for Q2 fell 25% yr/yr and missed analyst expectations
Company repurchased $11.2 mln of stock in H1 and updated full-year guidance

Outlook
OppFi sees full-year 2026 revenue between $600 mln and $625 mln
Company expects 2026 adjusted net income of $115 mln to $130 mln
OppFi forecasts 2026 adjusted EPS between $1.34 and $1.51

Result Drivers
CREDIT LOSSES - Net charge-offs as a percentage of total revenue and average receivables rose significantly yr/yr, indicating higher credit losses impacted results
HIGHER EXPENSES - Professional fees and other adjustments rose due to acquisition and corporate restructuring costs

Company press release: ID:nPn4rvzSta

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Adjusted EPS
Miss
$0.33
$0.45 (4 Analysts)
Q2 EPS
 
$0.18
 

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the software peer group is "buy"
Wall Street's median 12-month price target for OppFi Inc is $15.00, about 59.6% above its August 7 closing price of $9.40
The stock recently traded at 5 times the next 12-month earnings vs. a P/E of 5 three months ago

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)