Filing Flows › OppFi (OPFI) › Q4 2025
OppFi (OPFI) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Mar 12, 2026
OppFi (OPFI) reported revenue of $85.6M for the fourth quarter 2025 (Q4 2025), +6% from a year earlier and -18% from the quarter before. Operating margin was 36.1%, net earnings $16.8M (19.7% of revenue).
OppFi, Q4 2025: revenue $85.6M (+6% year over year), operating margin 36.1%, net earnings $16.8M, operating cash flow $117M. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $85.6M | -18% | +6% |
| Operating profit | $30.9M | -36% | +25% |
| Net earnings | $16.8M | -60% | — |
| Operating cash flow | $117M | +11% | +24% |
| Free cash flow | $112M | +12% | +24% |
What changed
Revenue was $85.6M in Q4 2025, up 6% year over year and down 18% from the previous quarter.
Operating profit was $30.9M, a 36.1% margin (up 5.6 points year over year). Of the extra revenue versus a year earlier, 132% reached operating profit, above the 31% margin then. Total costs fell 3% while revenue rose 6%. The fastest-growing cost line was General & admin (+28%). Net earnings were $16.8M. The effective tax rate was 3.4%. Non-operating items added $8.9M, 22% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $116.8M (up 24% year over year), 304% of net income including minority interests. Non-cash charges added back $764K of depreciation and amortization and $1.7M of share-based compensation. Working capital and other items added $75.9M. Capital expenditures of $4.9M left free cash flow of $111.9M.
Questions
What was OppFi's revenue in the fourth quarter 2025?
OppFi (OPFI) reported revenue of $85.6M for the fourth quarter 2025 (Q4 2025), +6% from a year earlier and -18% from the quarter before.
Was OppFi profitable in the fourth quarter 2025?
Operating profit was $30.9M (36.1% of revenue) and net earnings $16.8M.
Source: OppFi 10-K on SEC EDGAR.