As of September 30, 2024, OppFi Inc. reported total assets of $619.3 million, reflecting a 2.9% increase from $601.5 million at the end of 2023. Total cash and restricted cash slightly rose to $74.2 million from $73.9 million. Total liabilities decreased to $399.0 million, down from $407.5 million, while total stockholders' equity increased significantly to $220.3 million from $194.0 million, indicating a 13.5% growth.

For the third quarter of 2024, OppFi's total revenue reached $136.6 million, a 2.6% increase from $133.2 million in the same period of 2023. Net revenue surged by 20.5% to $91.2 million, compared to $75.7 million a year earlier. Income from operations also saw a substantial rise, increasing 125.2% to $35.1 million from $15.6 million. Net income for the quarter was $32.1 million, up 106.4% from $15.5 million in Q3 2023, with net income attributable to OppFi Inc. rising to $4.3 million from $2.2 million.

For the nine months ended September 30, 2024, total revenue was $390.2 million, a 3.8% increase from $376.0 million in the same period of 2023. Net income for this period reached $69.9 million, up 86.1% from $37.5 million, with net income attributable to OppFi Inc. increasing to $12.9 million from $4.6 million.

The company’s strategic developments included the acquisition of a 35% equity interest in Bitty Holdings, LLC, for approximately $15.3 million in cash and additional OppFi Units. This acquisition is expected to enhance OppFi's market position and product offerings. Additionally, OppFi has been focusing on improving its loan origination process, which has resulted in an increase in auto-approval rates due to algorithmic automation projects.

OppFi's financial performance was also marked by a decrease in net charge-offs as a percentage of total revenue, which fell to 34.3% in Q3 2024 from 42.4% in Q3 2023. The company reported a significant improvement in its accumulated deficit, which decreased to $(50.6) million from $(63.6) million at the end of 2023.

In terms of operational cash flow, net cash provided by operating activities for the nine months ended September 30, 2024, was $229.3 million, an increase of 7.4% from $213.6 million in the prior year. However, net cash used in financing activities rose significantly to $58.4 million from $17.2 million, indicating increased financial activity.

Overall, OppFi Inc. demonstrated strong growth in revenue and profitability, alongside strategic acquisitions and operational improvements, positioning itself favorably in the specialty finance sector.