OppFi Inc. (NYSE: OPFI) shares surged 18.52% in intraday trading on Wednesday, following the release of its impressive second-quarter earnings report and raised full-year guidance. The financial technology company, which provides credit access to everyday consumers, demonstrated strong performance across key metrics, significantly outpacing analyst expectations.
The company reported adjusted earnings per share of $0.45 for the second quarter, handily beating the analyst consensus estimate of $0.29 by 55.17%. Revenue for the quarter came in at $142.443 million, surpassing the estimated $140.907 million and marking a 12.78% year-over-year growth. OppFi's CEO stated that these results reflect "record quarterly revenue and adjusted net income."
Adding to the positive sentiment, OppFi raised its full-year 2025 guidance. The company now projects revenue in the range of $578 million to $605 million, up from its previous forecast. Additionally, OppFi increased its adjusted net income guidance to between $125 million and $130 million for the year. The company also raised its adjusted EPS forecast to $1.39 to $1.44 from the previous $1.18 to $1.26. This optimistic outlook, coupled with the strong Q2 performance, appears to be driving investor enthusiasm and contributing to the stock's significant rally.