Stonegate Capital Partners Updates 4Q24 Report on OppFi, Inc. (OPFI)

Core Insights - OppFi, Inc. (NYSE: OPFI) reported strong financial results for Q4 2024, with total revenue of $135.7 million, adjusted net income of$20.3 million, and adjusted EPS of $0.23, surpassing consensus estimates [1][6] - The company achieved a net revenue margin of 59.5$214.0 million, marking an 11% year-over-year increase [6] Financial Performance - Q4 2024 total revenue increased by 2.1% year-over-year, while adjusted net income grew by 140.3% compared to the previous year [1] - For the full year, total revenue rose by 3.3% from FY23, and adjusted net income approximately doubled [1] - The significant growth in net income was highlighted by a 619.7% year-over-year increase, reaching around $14.0 million [1] Future Outlook - The company is expected to maintain its momentum in 2025, driven by a strategic focus on operational efficiencies and credit risk management [1]