OppFi shares jump on record revenue, higher net income, and new share repurchase program.
Stock Buybacks
May 7, 2026
Table of Contents
May 7, 2026
Shares of OppFi Inc. (NYSE: OPFI) rose 11.23% after the company reported record first-quarter revenue and approved a new $40 million share repurchase program.
OppFi is a tech-enabled digital finance platform that partners with banks to offer credit and financial products to everyday consumers.
The company reported total revenue of $151.9 million, up 8.3% year-over-year, marking a company record for the first quarter. Net income increased 165.0% to $54.0 million, while adjusted net income declined 11.2% to $30.0 million.
The main catalyst was the new $40 million share repurchase program.
OppFi said the new authorization replaces its prior repurchase program and allows the company to buy back Class A common stock through open-market purchases, privately negotiated transactions, or other approved methods.
Management said the buyback reflects confidence in the company’s long-term growth prospects and its belief that the stock trades at a meaningful discount to underlying value.
OppFi had already been repurchasing stock before the new authorization.
During the first quarter, the company bought back about 1.04 million shares for $9.9 million at an average price of $9.54 per share.
That matters because the new program is not just symbolic. The company has already shown willingness to use capital for repurchases.
OppFi generated $151.9 million in revenue, up 8.3% from the prior year.
The company said the result reflected strength in its core operations, even as it continues investing in its broader digital finance platform and regulatory structure.
Net income rose 165.0% year-over-year to $54.0 million.
The sharp increase supports the buyback narrative because repurchase programs are more credible when paired with improving profitability and available capital.
OppFi highlighted its combination with BNC’s national bank charter as a key strategic initiative.
Management said the structure could support growth, product diversification, and unified regulatory supervision under the OCC and Federal Reserve.
For investors, the key question is whether this structure improves scalability, compliance, and long-term profitability.
Investors are likely to watch whether OppFi can sustain earnings growth while expanding its platform.
The key areas are:
OppFi’s move shows why buybacks can drive strong reactions when they are paired with profitability and management confidence.
The $40 million authorization gives investors a clear capital return signal, while record first-quarter revenue and higher net income strengthen the case that the company has room to return cash while investing in growth.
Platforms like LevelFields track earnings releases, dividend declarations, buyback expansions, layoffs, and leadership changes, helping investors identify when capital allocation events are supported by favorable industry conditions.
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