OppFi Inc. (NYSE: OPFI) has just announced a significant increase in its share repurchase program. The company's board of directors has approved the purchase of up to an additional $20 million of its class A common stock, bringing the total authorization under the program to $40 million. This expansion comes after the company had previously repurchased approximately 1.4 million shares of its class A common stock for approximately $7.6 million, with approximately 390,000 shares repurchased in the third quarter of 2025.
With the increase in the repurchase program, the company now has approximately $32.4 million of capacity remaining under the repurchase authorization. The CEO and Executive Chairman of OppFi, Todd Schwartz, emphasized the company's confidence in its long-term growth prospects and commitment to returning value to its stockholders through this increase.
It's important to note that repurchases under the program may be made from time to time on the open market, through privately negotiated transactions, or via other methods. The company's decision on the timing and amount of repurchases will depend on various factors including market conditions, share price, and trading volume.
In terms of OppFi's performance, the company maintains a 4.5/5.0 star rating on Trustpilot based on over 4,900 reviews, positioning it among the top consumer-rated financial platforms online. Additionally, OppFi holds a 35% equity interest in Bitty Holdings, LLC, a credit access company that provides revenue-based financing and other working capital solutions to small businesses.
This move to increase the share repurchase program reflects OppFi's strategic approach to capital allocation and its confidence in creating long-term value for its shareholders. Following these announcements, the company's shares moved 6.92%, and are now trading at a price of $10.66. If you want to know more, read the company's complete 8-K report here.
