OppFi Stock Soars 10.21% on Record Revenue, Earnings Surprise

Generated by AI AgentAinvest Movers Radar
Wednesday, May 7, 2025 8:41 am ET1min read
OPFI--

OppFi's stock surged 10.21% in pre-market trading on May 7, 2025, driven by strong financial performance and positive market sentiment.

OppFi reported a record quarterly revenue for the first quarter of 2025, with a significant increase in net income. The company's net income rose by 101.3% year over year to $20.4 million, despite an $11.4 million loss attributable to OppFi Inc.OPFI-- This financial performance exceeded analyst expectations, contributing to the stock's pre-market surge.

OppFi's total revenue for the first quarter of 2025 was $140.3 million, marking a 10.1% increase year over year. This revenue growth surpassed analyst estimates, further boosting investor confidence in the company's financial health and future prospects.

OppFi's adjusted net income for the first quarter of 2025 was $33.8 million, a significant increase from $9 million in the same period last year and $4 million in 2023. This substantial growth in adjusted net income reflects the company's strong operational performance and effective cost management strategies.

OppFi's earnings and revenue surprises for the quarter ended March 2025 were 46.15% and 1.89%, respectively. These positive surprises indicate that the company is outperforming market expectations, which has likely contributed to the stock's pre-market rally.

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