Bullish indicating open at $55-$60, IPO prices at $37
On Monday, OppFi Inc. (NYSE:OPFI), a financial services company with a market capitalization of $1.2 billion and an impressive 339% return over the past year, reported on its recent Annual Meeting of Stockholders through an SEC 8-K filing. According to InvestingPro, the company’s stock has shown remarkable momentum, currently trading at $13.90. The meeting, which took place on June 10, 2025, saw the election of board members and ratification of the company’s independent auditor for the fiscal year 2025.
The company disclosed that a quorum was reached with 77,284,361 shares represented out of the 86,789,497 shares outstanding and entitled to vote. During the meeting, stockholders elected all nominees to OppFi’s Board of Directors to serve until the 2028 Annual Meeting or until their successors are elected and qualified. Christina Favilla and Jocelyn Moore were among those elected, with Favilla receiving 68,139,274 votes for, 232,729 abstentions, and 8,912,358 broker non-votes. Moore received 66,287,434 votes for, 2,084,569 abstentions, and the same number of broker non-votes as Favilla.
In addition to board elections, stockholders ratified the appointment of RSM US LLP as the independent registered public accounting firm for the fiscal year 2025. The decision was nearly unanimous, with 76,740,573 votes for, 480,447 against, and 63,341 abstentions.
The filing, dated June 11, 2025, ensures regulatory compliance and transparency regarding corporate governance matters. The election of board members and ratification of the auditor are routine corporate activities that reflect shareholder engagement and oversight in the company’s operations. InvestingPro analysis reveals the company maintains a "GREAT" financial health score of 3.59 out of 5, with 10 additional key insights available to subscribers.
This news is based on information provided in the company’s SEC 8-K filing and does not contain any promotional content or subjective commentary. The company’s strong governance practices are complemented by its robust market performance, with the stock recording a 110% gain over the past six months. Discover more detailed analysis in OppFi’s comprehensive Pro Research Report, available exclusively on InvestingPro.
In other recent news, OppFi Inc. reported a strong first quarter for 2025, with earnings per share (EPS) and revenue exceeding market expectations. The company posted an EPS of $0.38, significantly higher than the forecasted $0.14, and achieved revenue of $140.27 million, surpassing the anticipated $134.01 million. This performance reflects a 10% year-over-year revenue growth, driven by a 16% increase in net originations. Following this robust financial showing, OppFi has raised its full-year 2025 revenue guidance to a range of $563-$594 million. In addition, Citizens JMP upgraded OppFi’s stock rating from Market Perform to Market Outperform, with analyst David Scharf highlighting the company’s stable credit profile and improved funding and liquidity. Scharf’s upgrade comes after a previous downgrade due to valuation concerns, but recent upward revisions in earnings projections for 2025 and 2026 have contributed to a more positive outlook. These developments suggest that OppFi is well-positioned to leverage its strategic advantages in the subprime lending space.
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