OppFi Inc.

And welcome to OPFIC's second quarter of 2025 earning conference call. All participants are in a listen-only mode. As a reminder, this conference call is being recorded. Following the presentation, a question and answer session will be held. For those listening by dial in, you will be prompted to enter the queue after the prepared remarks. I am pleased to introduce your host, Mike Gallentine, head of investor relations. You may begin.

Thank you, operator. Good morning and welcome to OPFIC's second quarter 2025 earnings call. Today, our executive chairman and CEO, Todd Schwartz, and CFO, Pam Johnson, will present our financial results followed by a question and answer session. You can access the earnings presentation on our website at .opfi.com. During this call, OPFIC may discuss certain forward-looking information. The company's filings with the SEC describe essential factors that can cause actual results, development, and business decisions to differ materially from forward-looking statements. Please refer to slide two of the earnings presentation and press release for a disclaimer statement covering forward-looking statements in references to information about non-GAAP financial measures, which will be discussed throughout today's call. Reconciliation of those measures to GAAP measures can be found in the appendix to our earnings presentation and press release. With that, I'd like to turn the call over to Todd.

Thanks, Mike, and good morning, everyone. Thank you for joining us today. After a strong start to 2025, I'm proud to report that the second quarter was a record quarter for OPFI. The business achieved record quarterly revenue, adjusted net income, and operating margin. Our Q2 results reinforce our belief that OPFI is unlocking its full growth potential and demonstrating that we are well positioned to continue increasing profitability and strengthening our balance sheet. Given our Q2 outperformance, we are increasing full year 2025 revenue, adjusted net income, and adjusted EPS guidance. During the quarter, the company generated a 14% increase in total net originations, a 13% increase in revenue, and a 59% increase in adjusted net income year over year. Our disciplined approach to growth and dynamic pricing led to this double-digit growth, and we anticipate that year over year growth will continue throughout 2025. Throughout the quarter, the underwriting model, Model 6, continues to perform well. In the second quarter of 2025, OPFI's net charge-off rate improved to 32% of revenue compared to 33% for the prior year. The model gives us the confidence that we will be able to continue to grow and weather different periods of economic volatility. OPFI continues to invest in product and technology initiatives to improve customer experience in originations and servicing. The auto approval rate improved to 80% in Q2 2025, up from 76% in Q2 2024, which in turn improved funnel metrics and propelled our net revenue of 16% year over year. OP loans remains one of the highest rated products in the industry, boasting a 79 NPS score and a CTAP score of 89% throughout the quarter. We are proud to announce our new loan origination lending application, named Lola. Our product, tech and operations teams have been working diligently over the last year to build the loan origination system of the future. It's designed to significantly reduce loan application processing times and boost operational efficiencies. By integrating with AI tools, Lola is expected to enhance customer experiences, improve satisfaction and increase automation, including auto approvals. Its modern architecture also allows for seamless integration with other major systems and tools, creating a cleaner data layer and providing deeper insights to fuel further innovation. Over the next six months, OPFI plans to migrate to Lola. Our investment in BIDI continued to perform well in the second quarter of 2025. The business continues to add a creative profitability and cash flow to OPFI. BIDI is doing a great job utilizing technology to improve operations and the customer experience, identifying additional growth opportunities and new credit segments and capitalizing on the continued supply, demand and balance in the small business lending space. Overall, OPFI had a strong quarter financially and operationally. We expect continued healthy revenue momentum and profitable growth throughout the remainder of 2025 and into 2026. We believe OPFI is well on its way to executing its vision of becoming the leading tech-enabled digital finance platform that collaborates with banks to offer financial products and services to everyday Americans. With that, I'll turn the call over to Pam.