OppFi Inc
For the period ended Sep 30, 2024. Filed Nov 8, 2024.
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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.
Sep 30, 2024 · Filed Nov 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.
See the whole filing, with its images and exhibitsContents
Consolidated Balance Sheets
Consolidated Balance Sheets (Unaudited)
| September 30, | December 31, | |
|---|---|---|
| 2024 | 2023 | |
| Assets | ||
| Cash(1) | $44,838 | $31,791 |
| Restricted cash(1) | 29,395 | 42,152 |
| Total cash and restricted cash | 74,233 | 73,943 |
| Finance receivables at fair value(1) | 461,457 | 463,320 |
| Finance receivables at amortized cost, net of allowance for credit losses of $2 and $346 as of September 30, 2024 and December 31, 2023, respectively | 8 | 110 |
| Settlement receivable(1) | 5,112 | 1,904 |
| Equity method investment | 19,429 | — |
| Debt issuance costs, net(1) | 3,226 | 3,834 |
| Property, equipment and software, net | 11,399 | 10,292 |
| Operating lease right-of-use assets | 10,974 | 12,180 |
| Deferred tax asset | 22,277 | 25,777 |
| Other assets(1) | 11,151 | 10,183 |
| Total assets | $619,266 | $601,543 |
| Liabilities and Stockholders' Equity | ||
| Liabilities: | ||
| Accounts payable(1) | $4,685 | $4,442 |
| Accrued expenses(1) | 25,735 | 22,006 |
| Operating lease liabilities | 13,741 | 15,061 |
| Senior debt, net(1) | 325,550 | 332,667 |
| Note payable | — | 1,449 |
| Warrant liabilities | 4,114 | 6,864 |
| Tax receivable agreement liability | 25,135 | 25,025 |
| Total liabilities | 398,960 | 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 September 30, 2024 and December 31, 2023) | — | — |
| Class A common stock, $0.0001 par value (379,000,000 shares authorized with 22,320,973 shares issued and 20,582,349 shares outstanding as of September 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 September 30, 2024 and December 31, 2023) | — | — |
| Class V voting stock, $0.0001 par value (115,000,000 shares authorized with 65,492,957 and 91,898,193 shares issued and outstanding as of September 30, 2024 and December 31, 2023, respectively) | 7 | 9 |
| Additional paid-in capital | 91,528 | 76,480 |
| Accumulated deficit | (50,638) | (63,591) |
| Treasury stock, at cost (1,738,624 and 703,914 shares as of September 30, 2024 and December 31, 2023, respectively) | (6,011) | (2,460) |
| Total OppFi Inc.'s stockholders' equity | 34,888 | 10,440 |
| Noncontrolling interest | 185,418 | 183,589 |
| Total stockholders' equity | 220,306 | 194,029 |
| Total liabilities and stockholders' equity | $619,266 | $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
| 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. | ||
|---|---|---|
| September 30, | December 31, | |
| 2024 | 2023 | |
| Assets of consolidated VIEs, included in total assets above | ||
| Cash | $247 | $368 |
| Restricted cash | 19,574 | 32,782 |
| Total cash and restricted cash | 19,821 | 33,150 |
| Finance receivables at fair value | 398,743 | 417,138 |
| Settlement receivable | 5,112 | 1,904 |
| Debt issuance costs, net | 3,226 | 3,834 |
| Other assets | 15 | 7 |
| Total assets | $426,917 | $456,033 |
| Liabilities of consolidated VIEs, included in total liabilities above | ||
| Accounts payable | $11 | $5 |
| Accrued expenses | 3,170 | 3,614 |
| Senior debt, net | 285,767 | 283,213 |
| Total liabilities | $288,948 | $286,832 |
| See notes to consolidated financial statements. | ||
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.