OppFi Inc.
For the period ended Sep 30, 2026. Filed Nov 5, 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.
Sep 30, 2026 · Filed Nov 5, 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)
| Nine Months Ended September 30, | ||
|---|---|---|
| 2026 | 2025 | |
| Cash flows from operating activities: | ||
| Net income | $104,129 | $107,803 |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||
| Change in fair value of finance receivables | 180,058 | 142,187 |
| Depreciation and amortization | 4,045 | 4,395 |
| Debt issuance cost amortization | 1,910 | 2,557 |
| Original issue discount amortization | 39 | — |
| Stock-based compensation expense | 6,373 | 8,280 |
| Loss on disposition of equipment | — | 2 |
| Impairment of right of use asset | — | 155 |
| Deferred income taxes | 5,715 | 4,418 |
| Tax receivable agreement liability adjustment | (146) | 94 |
| Change in fair value of warrant liabilities | (24,338) | 23,223 |
| Income from equity method investment | (2,707) | (3,562) |
| Distributions received from equity method investment | 1,435 | 3,868 |
| Changes in assets and liabilities: | ||
| Accrued interest receivable | (5,657) | (6,187) |
| Settlement receivable | — | 2,036 |
| Operating lease, net | (264) | (192) |
| Other assets | 6,302 | (4,876) |
| Accounts payable | (2,002) | 2,225 |
| Accrued expenses | (6,763) | (1,945) |
| Net cash provided by operating activities | 268,129 | 284,481 |
| Cash flows from investing activities: | ||
| Finance receivables acquired | (870,985) | (945,559) |
| Finance receivables repayments | 723,936 | 741,356 |
| Purchases of equipment and capitalized technology | (13,557) | (14,216) |
| Net cash used in investing activities | (160,606) | (218,419) |
| Cash flows from financing activities: | ||
| Member distributions | (22,814) | (58,260) |
| Borrowings of senior debt - revolving lines of credit | 91,523 | 195,935 |
| Payments of senior debt - revolving lines of credit | (136,423) | (163,919) |
| Borrowing of senior debt - term loan, net of original issue discount | 74,063 | — |
| Payments of senior debt - term loan | — | (30,000) |
| Payments for debt issuance costs | (1,193) | (4,913) |
| Proceeds from employee stock purchase plan | 649 | 423 |
| Exercise of warrants | 1 | 4 |
| Exercise of stock options | — | 1 |
| Payments of tax withholding on vesting of restricted stock units | (2,569) | (3,619) |
| Payments on tax receivable agreement liability | (45,406) | (1,041) |
| Purchase of treasury stock | (17,944) | (7,354) |
| Dividend paid on common stock | — | (6,414) |
| Net cash used in financing activities | (60,113) | (79,157) |
| Net increase (decrease) in cash and restricted cash | 47,410 | (13,095) |
| Cash and restricted cash | ||
| Beginning | 93,263 | 88,288 |
| Ending | $140,673 | $75,193 |
| Supplemental disclosure of cash flow information: | ||
| Interest paid on borrowed funds | $23,005 | $28,012 |
| Income taxes paid | $14,931 | $4,807 |
| Continued on next page | ||
Consolidated Statements of Cash Flows (Unaudited) - Continued
| Nine Months Ended September 30, | ||
|---|---|---|
| 2026 | 2025 | |
| Supplemental disclosure of noncash activities: | ||
| Adjustments to additional paid-in capital as a result of tax receivable agreement | $(21) | $(10,284) |
| Adjustments to additional paid-in capital as a result of adjustment to deferred tax asset | $7,716 | $12,461 |
| Adjustments to additional paid-in capital as a result of the Up-C collapse | $254,988 | $— |
| Adjustments to additional paid-in capital as a result of tax receivable agreement settlement | $58,927 | $— |
| 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.