OppFi Inc.
For the period ended Mar 31, 2026. Filed May 7, 2026.
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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.
Mar 31, 2026 · Filed May 7, 2026
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 Statements of Cash Flows
Consolidated Statements of Cash Flows (Unaudited)
(in thousands)
| Three Months Ended March 31, | ||
|---|---|---|
| 2026 | 2025 | |
| Cash flows from operating activities: | ||
| Net income | $54,038 | $20,390 |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||
| Change in fair value of finance receivables | 64,583 | 49,458 |
| Depreciation and amortization | 591 | 1,760 |
| Debt issuance cost amortization | 605 | 1,041 |
| Stock-based compensation expense | 1,669 | 1,261 |
| Loss on disposition of equipment | — | 1 |
| Impairment of right of use asset | — | 155 |
| Deferred income taxes | 467 | 425 |
| Tax receivable agreement liability adjustment | (146) | — |
| Change in fair value of warrant liabilities | (21,295) | 21,607 |
| Income from equity method investment | (1,120) | (1,076) |
| Distributions received from equity method investment | 1,051 | 1,767 |
| Changes in assets and liabilities: | ||
| Accrued interest receivable | (4,616) | (594) |
| Settlement receivable | — | (3,149) |
| Operating lease, net | (85) | (57) |
| Other assets | (402) | (2,469) |
| Accounts payable | (929) | 1,081 |
| Accrued expenses | (3,632) | (7,861) |
| Net cash provided by operating activities | 90,779 | 83,740 |
| Cash flows from investing activities: | ||
| Finance receivables acquired | (226,088) | (272,181) |
| Finance receivables repayments | 209,799 | 242,330 |
| Purchases of equipment and capitalized technology | (5,147) | (4,390) |
| Net cash used in investing activities | (21,436) | (34,241) |
| Cash flows from financing activities: | ||
| Member distributions | (10,368) | (11,251) |
| Borrowings of senior debt - revolving lines of credit | 44,567 | 61,066 |
| Payments of senior debt - revolving lines of credit | (81,660) | (61,896) |
| Payments of senior debt - term loan | — | (30,000) |
| Payments for debt issuance costs | (61) | (3,141) |
| Proceeds from employee stock purchase plan | 253 | 91 |
| Exercise of warrants | — | 1 |
| Payments of tax withholding on vesting of restricted stock units | (877) | (848) |
| Payments on tax receivable agreement liability | (4,595) | (1,041) |
| Purchase of treasury stock | (9,945) | — |
| Net cash used in financing activities | (62,686) | (47,019) |
| Net increase in cash and restricted cash | 6,657 | 2,480 |
| Cash and restricted cash | ||
| Beginning | 93,263 | 88,288 |
| Ending | $99,920 | $90,768 |
| Supplemental disclosure of cash flow information: | ||
| Interest paid on borrowed funds | $8,158 | $9,193 |
| Income taxes paid | $19 | $11 |
| Supplemental disclosure of noncash activities: | ||
|---|---|---|
| Adjustments to additional paid-in capital as a result of tax receivable agreement | $(15) | $(5,882) |
| Adjustments to additional paid-in capital as a result of adjustment to deferred tax asset | $(649) | $5,203 |
| Dividend payable | $— | $6,414 |
| See notes to consolidated financial statements. | ||
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