# OppFi Q3 2026 Earnings Results

> OppFi reports 3.8% revenue drop as it tests affordable credit products.
- Title: OppFi Q3 2026 Earnings Results · The Motley Fool | Shortify
- Summary: OppFi reports 3.8% revenue drop as it tests affordable credit products. OppFi's Q3 2026 earnings show 3.8% year-over-year revenue decline to $149.2 million…
- Keywords: oppfi, q3 2026, earnings call, revenue, net income, adjusted eps, credit products, loan originations, bitty, lola platform, model 7, bncc acquisition
- Source: The Motley Fool — https://fool.com/earnings/call-transcripts/2026/10/28/oppfi-opfi-q3-2026-earnings-call-transcript
- Author: Motley Fool Transcribing
- Published: 2026-10-28T16:39:03+00:00
- Read time: 2 min
- Topics: oppfi, q3 2026, earnings call, revenue, net income, adjusted eps, credit products, loan originations, bitty, lola platform, model 7, bncc acquisition
## Q3 2026 Financial Results
OppFi reported total revenue of $149.2 million, a 3.8% decrease year over year.
## Adjusted Net Income Decline
Adjusted net income fell to $31.6 million, a 22.5% decrease compared to Q3 2025.
## Adjusted EPS Drop
Adjusted EPS decreased to $0.37 from $0.46 in the same quarter last year.
## Total Net Originations
Total net originations decreased to $229.3 million, a 6.8% decline year over year.
## Retained Net Originations
Total retained net originations dropped to $190.7 million, an 11.4% decrease versus prior year.
## Ending Receivables
Ending receivables decreased to $458.6 million, a 4.7% drop from $481.0 million as of Sept. 30, 2025.
## Net Charge-offs
Net charge-offs as a percentage of revenue rose to 40.1% from 35.1% in the prior year period.
## Recoveries Growth
Recoveries increased to $15 million from $11 million in the prior year period.
## Auto-approval Rate
Auto-approval rate improved to 80.1% from 79.1% in Q3 2025.
## Operating Expenses
Adjusted operating expenses totaled $52 million, or 35% of revenue, compared to 34% in the prior year period.
## Cash and Debt Position
Cash and restricted cash stood at $140.7 million with total debt at $349.6 million.
## Bitty Funding Milestone
Bitty surpassed $1 billion in total funding since 2021, marking significant growth for small business funding.
## New Credit Product Launch
OppFi launched a new line of credit product in Q3 2026 to expand credit access with flexible terms.
## LOLA Platform Migration
OppFi migrated 100% of new customers to the LOLA technology platform for faster product development.
## Model 7 Performance
Model 7 improved marketing accuracy by 20% in aligning prescreening scores with bank partners' underwriting criteria.
## Full Year 2026 Guidance
OppFi guided full year 2026 revenue of $600 million to $610 million with adjusted net income of $115 million to $120 million.
## Key takeaway

OppFi's Q3 2026 earnings show 3.8% year-over-year revenue decline to $149.2 million with 22.5% adjusted net income drop, but the company maintains its long-term target of $3.00 EPS by 2028.