|
Net revenue
|
|
$114.9m
|
$200.2m
|
$263.7m
|
$217.0m
|
$273.2m
|
$321.5m
|
$381.2m
|
|
Income from operations
|
|
$33.0m
|
($191k)
|
$57.3m
|
($6.3m)
|
$46.4m
|
$94.5m
|
$166.7m
|
|
Interest on finance receivables
|
|
$228.2m
|
$290.2m
|
$349.0m
|
$451.4m
|
$505.4m
|
$521.2m
|
$591.8m
|
|
Other revenue
|
|
$924k
|
$789k
|
$1.5m
|
$1.4m
|
$3.5m
|
$4.7m
|
$5.3m
|
|
Interest and other income
|
|
$229.1m
|
$291.0m
|
$350.6m
|
$452.9m
|
$508.9m
|
$526.0m
|
$597.0m
|
|
Change in fair value of finance receivables
|
|
$0
|
$0
|
($86.0m)
|
($234.0m)
|
($231.4m)
|
($204.4m)
|
($215.9m)
|
|
Provision for credit losses on finance receivables
|
|
($99.4m)
|
($81.6m)
|
($929k)
|
($1.9m)
|
($4.3m)
|
($42k)
|
$0
|
|
Salaries and employee benefits
|
|
$23.7m
|
$44.2m
|
$65.0m
|
$60.0m
|
$60.7m
|
$60.5m
|
$60.7m
|
|
Professional fees
|
|
$2.9m
|
$6.6m
|
$18.8m
|
$12.9m
|
$18.0m
|
$21.6m
|
$20.1m
|
|
Payment processing fees
|
|
$2.7m
|
$4.1m
|
$7.5m
|
$10.4m
|
$10.4m
|
$7.1m
|
$6.6m
|
|
Depreciation and amortization
|
|
$4.3m
|
$6.7m
|
$10.3m
|
$13.6m
|
$12.7m
|
$9.6m
|
$5.2m
|
|
Occupancy
|
|
$2.1m
|
$3.1m
|
$3.8m
|
$4.4m
|
$4.4m
|
$4.0m
|
$4.1m
|
|
General, administrative and other
|
|
$7.9m
|
$190k
|
$13.9m
|
$11.9m
|
$13.6m
|
$15.1m
|
$16.6m
|
|
Change in fair value of warrant liabilities
|
|
$0
|
$0
|
$26.4m
|
$9.4m
|
($5.0m)
|
($8.2m)
|
($11.3m)
|
|
Income from equity method investment
|
|
—
|
—
|
—
|
$0
|
$0
|
$1.4m
|
$5.0m
|
|
Income before income taxes
|
|
$33.0m
|
$77.5m
|
$90.1m
|
$3.1m
|
$41.8m
|
$88.1m
|
$156.1m
|
|
Net income
|
|
$33.0m
|
$77.5m
|
$89.8m
|
$3.3m
|
$39.5m
|
$83.8m
|
$146.2m
|
|
Net income (loss) attributable to OppFi Inc.
|
|
$33.0m
|
($186k)
|
$25.6m
|
$7.1m
|
($1.0m)
|
$7.3m
|
$26.3m
|
|
Less: net income attributable to noncontrolling interest
|
|
—
|
—
|
$64.2m
|
($3.8m)
|
$40.5m
|
$76.6m
|
$119.9m
|
|
Basic (in dollars per share)
|
|
$0.00
|
$0.00
|
$6.79
|
$0.24
|
$2.41
|
$4.16
|
$5.52
|
|
Diluted (in dollars per share)
|
|
$0.00
|
$0.00
|
$6.79
|
$0.04
|
$2.41
|
$4.16
|
$5.52
|
|
Direct marketing costs
|
|
$11.3m
|
$18.6m
|
$52.5m
|
$58.3m
|
$50.6m
|
$49.2m
|
$50.9m
|
|
Interest expense and amortized debt issuance costs
|
|
$21.9m
|
$20.7m
|
$24.1m
|
$35.2m
|
$46.8m
|
$44.7m
|
$39.4m
|
|
Technology costs
|
|
$4.6m
|
$7.6m
|
$10.1m
|
$13.1m
|
$12.5m
|
$12.2m
|
$12.4m
|
|
Exit costs, net
|
|
—
|
—
|
—
|
$0
|
$0
|
$3.0m
|
($1.4m)
|
|
Lower of cost or market adjustment on transfer of finance receivables from held for sale to held for investment
|
|
—
|
—
|
$0
|
$0
|
($3.0m)
|
$0
|
$0
|
|
Other (expense) income, net
|
|
—
|
—
|
—
|
—
|
$431k
|
$318k
|
($4.2m)
|
|
Income tax expense
|
|
$0
|
$0
|
$311k
|
($277k)
|
$2.3m
|
$4.2m
|
$9.9m
|
|
Total expenses
|
|
$81.9m
|
$122.7m
|
$206.4m
|
$223.3m
|
$226.8m
|
$226.9m
|
$214.5m
|