OppFi Inc. (OPFI) Stock

OppFi Inc. (OPFI) is a Financials stock trading at $7.18 (as of 2026-08-20), with a market capitalization of $617.75M and a trailing P/E of 6.1. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

OppFi Inc. operates a financial technology platform that allows banks to offer lending products. Its platform facilitates the OppLoan, an installment loan product; SalaryTap, a payroll deduction secured installment loan product; and OppFi Card, a credit card product. The company is based in Chicago, Illinois.

Understand OppFi Inc.: how it makes money

OppFi operates a fintech platform that lets banks offer installment lending products (OppLoan, SalaryTap) and the OppFi Card, and it generates net revenue from these platform-facilitated lending and credit activities.

Profitability is driven by the trade-off between Annualized Average Yield and Annualized Net Charge-Off Rate as a Percentage of Average Receivables, since the platform facilitates loans whose performance shows up as yield on one side and charge-offs on the other.

Revenue by segment (latest quarter)
Net Revenue	$0.1B

Business quality (Solid): The quarter shows positive operating performance (operating margin 40.5%), but key credit-risk signals are also elevated (annualized net charge-off around 55.5% and early delinquency 20%), so results appear sensitive to loan economics and credit outcomes.

Valuation: At 5× earnings, OPFI trades 64% below the Banking average (13×). Note: one-time items can distort reported P/E.

Bull case

High automated decisioning: Auto-Approval Rate is 79.0%, and Auto Approval Percentage (Approved in Seconds With No Human Intervention) is 79.5%, indicating a large share of approvals happen quickly without manual intervention.
Consistent partner-led distribution: Percentage of Originations by Bank Partners is 100.0%, so originations are fully routed through bank partners.
Recovery activity exists: Recoveries are 0.01 USD_B, which partially offsets losses reflected in charge-offs.

Bear case

Credit losses are a major swing factor: Annualized Net Charge-Off Rate as a Percentage of Average Receivables is 55.5% (and Annualized Net Charge-Off Ratio is 56.0%), indicating substantial loss rates relative to receivables.
Early delinquency is elevated: Early Delinquency Rate for New Loans is 20.0%, which can pressure future credit performance.
Model sensitivity to loan economics: With Annualized Average Yield at 130.7% alongside high charge-offs, outcomes depend on maintaining a sufficient yield-versus-loss balance.

Valuation — source: SEC EDGAR (first-party)
Price	$7.18
Market Cap	$617.75M
P/E Ratio	6.1
EV / EBITDA	3.7
Price / Book	1.49
Price / Sales	1.70
FCF Yield	62.3%
DCF Value (model)	$15.32
DCF Upside vs Price	113.4%

Profitability & Growth — source: SEC EDGAR
Revenue (TTM)	$381.18M
Net Margin	6.9%
Revenue Growth (YoY)	-14.0%
EPS Growth (YoY)	-128.2%
FCF Growth (YoY)	-3.9%

Valuation vs Sector & Industry
Stock P/E	6.1
Sector P/E (Financials)	15.1
Industry P/E (Banking)	12.9
vs Sector	-59.9%
vs Industry	-53.0%

Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Top Institutional Holder	WELLINGTON MANAGEMENT GROUP LLP ($20.28M)
Institutional Holders Tracked	10

Company
Sector	Financials
Industry	Banking
CEO	Todd G. Schwartz
Employees	445
Country	US
IPO Date	2020-11-20

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Data as of 2026-08-20.

Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.