OppFi Reports Record Q4 and Full-Year 2025 Results

Highlights include revenue growth, improved profitability, and plans for new technology and product initiatives

Published on Mar. 12, 2026

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OppFi (NYSE:OPFI) executives reported record-breaking performance in 2025, with total revenue up 13.5% year-over-year and adjusted net income up 69%. The company cited benefits from its underwriting model updates, expense discipline, and plans for new technology and product initiatives, including the upcoming launch of 'Model 6.1' and '7.0' to boost originations and reduce risk.

Why it matters

OppFi's strong financial results and continued innovation in its lending models and technology demonstrate the company's ability to navigate a challenging economic environment and meet the needs of its near-prime consumer base. The planned product and technology initiatives could further strengthen OppFi's competitive position in the digital lending space.

The details

In Q4 2025, OppFi reported revenue of $159 million, up 17% from the prior year, driven by an 8% increase in originations to $230 million and a 16% rise in ending receivables to $493 million. The company's 'Model 6' underwriting updates were a 'significant contributor' through risk-based pricing and larger loan amounts for creditworthy customers. However, higher defaults led to an increase in net charge-offs as a percentage of revenue and receivables. To address this, OppFi plans to release 'Model 6.1' in H1 2026 and '7.0' in Q3 2026, which it expects will boost originations and reduce risk.

  • OppFi plans to release 'Model 6.1' in the first half of 2026.
  • OppFi plans to launch 'Model 7.0' in Q3 2026.

The players

Todd Schwartz

Executive Chairman and CEO of OppFi.

Pam Johnson

CFO of OppFi.

OppFi

A financial technology company that provides digital lending and credit solutions designed to meet the needs of near-prime consumers in the United States.

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What they’re saying

“2025 delivered 'record-breaking performance,' with total revenue up 13.5% year-over-year and adjusted net income up 69% while maintaining a 78 Net Promoter Score.”

— Todd Schwartz, Executive Chairman and CEO (transcriptdaily.com)

“Model 6 was a 'significant contributor' through risk-based pricing and the ability to underwrite larger loan amounts for creditworthy customers.”

— Pam Johnson, CFO (transcriptdaily.com)

What’s next

OppFi plans to substantially migrate to its new 'Lola' origination and servicing system in Q3 2026, which it expects could improve funnel metrics, raise automated approvals, enhance servicing and recoveries efficiency, improve systems integration, and reduce cycle times.

The takeaway

OppFi's strong financial performance and continued investment in technology and product innovation demonstrate its ability to adapt to changing market conditions and meet the evolving needs of its near-prime consumer base. The company's focus on risk management and credit quality through its underwriting model updates will be crucial as it navigates potential macroeconomic pressures.