Todd G. Schwartz, CEO and 10% owner of OppFi Inc., purchased 3,475 Class A common shares on August 24, 2026, for a total of $24,830 at a weighted average price of $7.1455 per share. The transaction prices ranged from $7.08 to $7.25, according to regulatory filings.
The Chicago-based fintech, which operates an installment lending platform, also disclosed Schwartz’s updated share ownership. His direct holdings total 301,710 shares, while indirect ownership through trusts and entities—including TGS Revocable Trust and TGS Capital Group LP—amounts to 31,100,150 shares. The trusts and entities disclaim beneficial ownership except for direct economic interest.
OppFi’s second-quarter results, released last month, fell short of analyst expectations. Adjusted earnings per share came in at $0.33, below the $0.46 estimate, while revenue reached $145.17 million, missing the $156.51 million forecast. Despite the miss, revenue grew 1.9% year-over-year, marking a record for the period. Adjusted net income declined 27% to $29 million, and core credit business originations dropped 9% to $212 million.
Management cited delays in launching a line-of-credit product and migrating the LOLA system as reasons for revising full-year 2026 guidance. Analysts at Citizens Bank adjusted their price target for OppFi from $15.00 to $11.00 while maintaining an outperform rating, attributing the revision to lower-than-expected volumes and competitive pressures. OppFi is also allocating over $150 million in 2026 toward expanding its multi-product platform.
