> ## Content Index > Fetch the complete content index at: https://www.bullished.co/llms.txt > Use this file to discover other available public pages before exploring further. # OppFi Trims 2026 Outlook As Charge-Offs Climb To 40.1% Of Revenue - URL: https://www.bullished.co/oppfi-trims-2026-outlook-as-charge-offs-climb-to-40-1-of-revenue-320e7796/ - Published: 2026-10-28T10:28:54.000Z - Updated: 2026-10-28T14:56:34.000Z - Description: The digital lender cut the top end of all three full-year targets after third-quarter profit fell and loan losses rose. - Author: Matteo Parrino - Tags: Earnings, OPFI, Industry: Financials [OppFi](https://www.bullished.co/tag/opfi/), which runs a digital lending platform that helps community banks extend credit to consumers, said third-quarter revenue fell 3.8% to [$149.2 million](https://www.sec.gov/Archives/edgar/data/0001818502/000181850226000084/opfi-20260930earningsrel.htm?ref=bullished.co) and lowered the top end of all three of its 2026 targets. Net income dropped 54.6% to $34.5 million, the company reported in an [8-K](https://www.bullished.co/learn/8-k-items-explained/) filing. ## Losses ate into a smaller revenue base Adjusted net income, a measure that strips out items such as warrant-value swings and deal costs, [fell 22.5%](https://www.prnewswire.com/news-releases/oppfi-reports-third-quarter-2026-results-302921380.html?ref=bullished.co) to $31.6 million. Adjusted earnings per share slipped to $0.37 from $0.46 a year earlier. Net charge-offs, loans written off as uncollectible net of recoveries, rose to 40.1% of revenue from 35.1%. The company said elevated charge-offs more than offset a 38% increase in recoveries of previously written-off loans, which reached $15.2 million. Total net originations fell 6.8% to $229.3 million, which the company attributed to tighter screening criteria for marketing partners. Ending receivables dropped 4.7% to $458.6 million, and average yield eased to 131.4% from 133.2%. The prior-year net income comparison is flattered by a $31.7 million warrant gain in last year's quarter, against $2.8 million this time. ## A lower ceiling on the full-year targets OppFi now expects 2026 revenue of $600 million to $610 million, adjusted net income of $115 million to $120 million and adjusted earnings per share of $1.34 to $1.40\. The [earnings presentation](https://www.sec.gov/Archives/edgar/data/0001818502/000181850226000084/a2026q3earningspresentat.htm?ref=bullished.co) shows the top ends cut from $625 million, $130 million and $1.51. For the first nine months, [revenue rose 1.9%](https://www.prnewswire.com/news-releases/oppfi-reports-third-quarter-2026-results-302921380.html?ref=bullished.co) to $446.3 million while adjusted net income fell 20.7% to $90.4 million. ## Line of credit, buybacks and cash OppFi makes its money as a service provider to partner banks, which fund the loans. It launched a line of credit product in the quarter, and all new customers now run through its new application system, LOLA. CEO and Executive Chairman Todd Schwartz said the company is "building a more diversified, technology- enabled financial platform." The company repurchased $6.7 million of stock in the quarter under a $40 million authorization, and $17.9 million in the first nine months at an average $8.91 a share. Free cash flow, a non-GAAP measure, reached $107.5 million for the nine months, up from $66.1 million a year earlier. Cash and restricted cash stood at $140.7 million at September 30, and OppFi cited about $690.7 million in total funding capacity. It also has a proposed acquisition of BNCCORP pending. Management discusses the outlook and the line of credit rollout on its earnings call Wednesday at 8:30 a.m. ET. Learn - [Item 2.02: results of operations →](https://www.bullished.co/learn/8-k-items-explained/#item-202-results-of-operations) From 8-K Items Explained: What Every Item Code From 1.01 To 9.01 Tells You, With Examples ### Sources - [8-K Filing — OppFi Inc. (OPFI)](https://www.sec.gov/Archives/edgar/data/0001818502/000181850226000084/opfi-20261028.htm?ref=bullished.co) — SEC EDGAR - [Exhibit opfi-20260930earningsrel.htm — OppFi Inc. 8-K exhibit](https://www.sec.gov/Archives/edgar/data/0001818502/000181850226000084/opfi-20260930earningsrel.htm?ref=bullished.co) — SEC EDGAR - [Exhibit a2026q3earningspresentat.htm — OppFi Inc. 8-K exhibit](https://www.sec.gov/Archives/edgar/data/0001818502/000181850226000084/a2026q3earningspresentat.htm?ref=bullished.co) — SEC EDGAR - [OppFi Reports Third Quarter 2026 Results](https://www.prnewswire.com/news-releases/oppfi-reports-third-quarter-2026-results-302921380.html?ref=bullished.co) — prnewswire.com ### More on OppFi - [OppFi CEO Says Regulators Hold The Last Key To Its BNC Bank Deal, With Q1 2027 A Possible Spillover](https://www.bullished.co/oppfi-ceo-says-regulators-hold-the-last-key-to-its-bnc-bank-deal-with-q1-2027-a-possible-86e8ef5f/) - [OppFi CEO Calls Stock A 'Really Unfair Multiple' As Company Starts Buying Back Shares](https://www.bullished.co/oppfi-ceo-calls-stock-a-really-unfair-multiple-as-company-starts-buying-back-shares-86caef53/) [All OppFi (OPFI) coverage →](https://www.bullished.co/tag/opfi/)