Filing Flows › OppFi (OPFI) › Q1 2026
OppFi (OPFI) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 7, 2026
OppFi (OPFI) reported revenue of $87.3M for the first quarter 2026 (Q1 2026), -4% from a year earlier and +2% from the quarter before. Operating margin was 40.5%, net earnings $28.4M (32.5% of revenue).
OppFi, Q1 2026: revenue $87.3M (-4% year over year), operating margin 40.5%, net earnings $28.4M, operating cash flow $90.8M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $87.3M | +2% | -4% |
| Operating profit | $35.4M | +14% | -17% |
| Net earnings | $28.4M | +69% | — |
| Operating cash flow | $90.8M | -22% | +8% |
| Free cash flow | $85.6M | -23% | +8% |
What changed
Revenue was $87.3M in Q1 2026, down 4% year over year and up 2% from the previous quarter.
Operating profit was $35.4M, a 40.5% margin (down 6.3 points year over year). Total costs grew 7% against a revenue fall of 4%. The fastest-growing cost line was General & admin (+110%). Net earnings were $28.4M. The effective tax rate was 6.8%. Non-operating items added $22.6M, 39% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $90.8M (up 8% year over year), 168% of net income including minority interests. Non-cash charges added back $591K of depreciation and amortization and $1.7M of share-based compensation. Working capital and other items added $34.5M. Capital expenditures of $5.1M left free cash flow of $85.6M.
Questions
What was OppFi's revenue in the first quarter 2026?
OppFi (OPFI) reported revenue of $87.3M for the first quarter 2026 (Q1 2026), -4% from a year earlier and +2% from the quarter before.
Was OppFi profitable in the first quarter 2026?
Operating profit was $35.4M (40.5% of revenue) and net earnings $28.4M.
Source: OppFi 10-Q on SEC EDGAR.