Why OppFi Stock Swooned by Almost 25% Today
Key Points
Although revenue ticked up, adjusted profitability plummeted.
Expenses rose for a pending acquisition by the company.
- 10 stocks we like better than OppFi ›
A record second-quarter revenue figure couldn't help OppFi (NYSE: OPFI) escape a heavy, post-earnings sell-off on Tuesday. Investors reacted strongly and negatively to the company's latest quarterly release, sending the company's shares down by nearly 25% in value that trading session.
Net profit slide
OppFi, which focuses on providing personal credit to underserved clients, earned revenue of nearly $145.2 million during the quarter, up nearly 2% year over year.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
Image source: Getty Images.
However, that wasn't the trajectory for net income not under generally accepted accounting principles (non-GAAP, or adjusted); this fell to $28.8 million ($0.33 per share) from the year-ago profit of $39.4 million.
The company missed badly on the consensus analyst estimates. Pundits tracking OppFi stock were modeling a much higher revenue line of $156.5 million and a meatier adjusted net profit of $0.46 per share.
OppFi is in transition, attempting to shift into something of a next-generation national bank with the pending acquisition of Bnccorp, the holding company of Arizona-based lender BNC National Bank. A surge in acquisition-related fees was a key reason for the bottom-line slide. It was also negatively affected by changes in the fair value of its loan portfolio.
Banking on a change
Compounding that, OppFi also lowered its full-year 2026 guidance. The company now expects to post revenue of $600 million to $625 million for the year, down from its previous range of $650 million to $675 million. The new adjusted net income forecast is $115 million to $130 million ($1.34 to $1.51 per share); the preceding estimate was $153 million to $160 million.
The current analyst consensus for revenue is $657 million, while that for adjusted profitability is $1.79 per share.
It feels like OppFi is going all-in on this transformation plan, given its commitment to the Bnccorp deal and how much it's already spent to make it happen. Whether the company can become a successful, more-or-less traditional lender remains to be seen, though. I'd hold off on buying shares until we get some indication it can do this.
Should you buy stock in OppFi right now?
Before you buy stock in OppFi, consider this:
The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and OppFi wasn’t one of them. The 10 stocks that made the cut could produce monster returns in the coming years.
Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you’d have $411,427!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you’d have $1,335,252!*
Now, it’s worth noting Stock Advisor’s total average return is 965% — a market-crushing outperformance compared to 215% for the S&P 500. Don't miss the latest top 10 list, available with Stock Advisor, and join an investing community built by individual investors for individual investors.
See the 10 stocks »
*Stock Advisor returns as of August 11, 2026.
Eric Volkman has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.
Recommended Articles
