OppFi Inc

For the period ended Jun 30, 2024. Filed Aug 8, 2024.

About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Jun 30, 2024 · Filed Aug 8, 2024

OPFI$6.03-2.4%Stored close · as of Nov 10, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

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Contents

Consolidated Balance Sheets

Consolidated Balance Sheets (Unaudited)

(in thousands, except share data)

	June 30,	December 31,
	2024	2023
Assets
Cash(1)	$46,622	$31,791
Restricted cash(1)	34,215	42,152
Total cash and restricted cash	80,837	73,943
Finance receivables at fair value(1)	430,482	463,320
Finance receivables at amortized cost, net of allowance for credit losses of $3 and $346 as of June 30, 2024 and December 31, 2023, respectively	19	110
Settlement receivable(1)	1,980	1,904
Debt issuance costs, net(1)	3,718	3,834
Property, equipment and software, net	9,795	10,292
Operating lease right-of-use assets	11,361	12,180
Deferred tax asset	25,118	25,777
Other assets(1)	9,783	10,183
Total assets	$573,093	$601,543
Liabilities and Stockholders' Equity
Liabilities:
Accounts payable(1)	$2,399	$4,442
Accrued expenses(1)	25,602	22,006
Operating lease liabilities	14,171	15,061
Senior debt, net(1)	301,774	332,667
Note payable	—	1,449
Warrant liabilities	2,669	6,864
Tax receivable agreement liability	24,789	25,025
Total liabilities	371,404	407,514
Commitments and contingencies (Note 13)
Stockholders' equity:
Preferred stock, $0.0001 par value (1,000,000 shares authorized with no shares issued and outstanding as of June 30, 2024 and December 31, 2023)	—	—
Class A common stock, $0.0001 par value (379,000,000 shares authorized with 21,074,448 shares issued and 19,600,819 shares outstanding as of June 30, 2024 and 19,554,774 shares issued and 18,850,860 shares outstanding as of December 31, 2023)	2	2
Class B common stock, $0.0001 par value (6,000,000 shares authorized with no shares issued and outstanding as of June 30, 2024 and December 31, 2023)	—	—
Class V voting stock, $0.0001 par value (115,000,000 shares authorized with 91,286,966 and 91,898,193 shares issued and outstanding as of June 30, 2024 and December 31, 2023, respectively)	9	9
Additional paid-in capital	80,951	76,480
Accumulated deficit	(57,341)	(63,591)
Treasury stock, at cost (1,473,629 and 703,914 shares as of June 30, 2024 and December 31, 2023, respectively)	(4,993)	(2,460)
Total OppFi Inc.'s stockholders' equity	18,628	10,440
Noncontrolling interest	183,061	183,589
Total stockholders' equity	201,689	194,029
Total liabilities and stockholders' equity	$573,093	$601,543
(1) Includes amounts in consolidated variable interest entities ("VIEs") presented separately in the table below.
Continued on next page

Consolidated Balance Sheets (Unaudited) - Continued

(in thousands)

The following table summarizes the consolidated assets and liabilities of VIEs, which are included in the Consolidated Balance Sheets. The assets below may only be used to settle obligations of VIEs and are in excess of those obligations.
	June 30,	December 31,
	2024	2023
Assets of consolidated VIEs, included in total assets above
Cash	$360	$368
Restricted cash	24,646	32,782
Total cash and restricted cash	25,006	33,150
Finance receivables at fair value	364,117	417,138
Settlement receivable	1,980	1,904
Debt issuance costs, net	3,718	3,834
Other assets	26	7
Total assets	$394,847	$456,033
Liabilities of consolidated VIEs, included in total liabilities above
Accounts payable	$1	$5
Accrued expenses	3,201	3,614
Senior debt, net	262,100	283,213
Total liabilities	$265,302	$286,832
See notes to consolidated financial statements.

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.