OppFi Inc-A 2025年度报告

(Mark One) ☒ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year endedDecember 31, 2025OR TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 OppFi Inc.(Exact name of registrant as specified in its charter)__________________________________________________________________ Delaware(State or other jurisdiction of Incorporation ororganization)130 E. Randolph Street. Suite 3400Chicago, IL(Address of principal executive offices) 60601(Zip Code) (312) 212-8079(Registrant’s telephone number, including area code) Not Applicable(Former name, former address and former fiscal year, if changed since last report)Securities Registered Pursuant to Section12(b) of the Act: Name of Each Exchange on WhichRegistered Class A common stock, par value $0.0001 pershareWarrants, each whole warrant exercisablefor one share of Class A common stock, eachat an exercise price of $11.50 per share New York Stock Exchange Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. Yes☐No☒ Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act. Indicate by check mark whether the registrant (1)has filed all reports required to be filed by Section13 or 15(d) of the Securities Exchange Actof 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2)has been subject tosuch filing requirements for the past 90 days. Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submitsuch files).Yes☒No☐ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reportingcompany, or an emerging growth company. See definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company” and“emerging growth company” in Rule 12b-2 of the Exchange Act: If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying withany new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐ Indicate by check mark whether the registrant has filed a report on and attestation to its management’s assessment of the effectiveness of itsinternal control over financial reporting under Section 404(b) of the Sarbanes-Oxley Act (15 U.S.C. 7262(b)) by the registered public accounting firmthat prepared or issued its audit report.☒ If securities are registered pursuant to Section 12(b) of the Act, indicate by check mark whether the financial statements of the registrantincluded in the filing reflect the correction of an error to previously issued financial statements.☐ Indicate by check mark whether any of those error corrections are restatements that required a recovery analysis of incentive-basedcompensation received by any of the registrant’s executive officers during the relevant recovery period pursuant to §240.10D-1(b).☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Act). Yes☐No☒ The aggregate market value of shares of voting and non-voting common equity of the registrant held by non-affiliates of the registrant onJune30, 2025, the last business day of the registrant’s most recently completed second fiscal quarter, was $366,512,860 based on a $13.99 closingprice per share as reported on the New York Stock Exchange on such date. As of March10, 2026, there were 85,124,851 shares of common stock, including 26,436,610shares of Class A common stock, par value$0.0001 per share, 0 shares of Class B common stock, par value $0.0001 per share, and 58,688,241 shares of Class V common stock, par value$0.0001 per share, outstanding. DOCUMENTS INCORPORATED BY REFERENCE Part III of this Annual Report on Form 10-K includes references to portions of the registrant’s Definitive Proxy Statement for the 2026 AnnualMeeting of Stockholders (“Definitive Proxy Statement”). The Definitive Proxy Statement will be filed with the Securities and Exchange Commissionwithin 120 days after the end of the registrant’s fiscal year ended December31, 2025. Table of Contents Part I4Item 1. Business4Item 1A. Risk Factors18Item 1B. Unresolved Staff Comments67Item 1C. Cybersecurity68Item 2. Properties69Item 3. Legal Proceedings69Item 4. Mine Safety Disclosures69Part II70Item 5. Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities70Item 6. [Reserved]71Item 7. Management’sDiscussion and Analysis of Financial Condition and Results of Operations71Item 7A. Quantitative a