OppFi Inc. (OPFI) - Dilution Analysis

Visualizing historical and potential share dilution over time

Dilution Analysis

High Risk
Significant dilution risk
Last updated: May 07, 2026

Risk Assessment Details

Potential Dilution: 32.32% of current shares
Recent Dilution: 483.5% (2 years)
Historical Dilution Factor: significant recent dilution
Outstanding Shares
86M
Potential Supply
28M
Additional shares possible
Splits
None
Past 2 years

Summary

OPFI currently has 86.2M outstanding shares. with moderate dilution risk from 27.9M authorized shares representing 32.3% potential dilution. The company has significantly diluted shareholders by 483.5% over the past 2 years, indicating aggressive capital raising.

Share Structure Timeline

Outstanding Shares
Total Supply

Historical Data Points

Date Event Outstanding Supply
May 07, 2026

10-Q filing | 86.2M shares outstanding

86M 28M
Mar 12, 2026

10-K filing | 26.5M shares outstanding

27M 28M
Nov 06, 2025

10-Q filing | 28.2M shares outstanding

28M 28M
May 08, 2025

10-Q filing | 86.8M shares outstanding

87M 28M
Mar 11, 2025

10-K filing | 24.2M shares outstanding

24M 28M
Nov 08, 2024

10-Q filing | 86.2M shares outstanding

86M 28M
Aug 08, 2024

10-Q filing | 86.3M shares outstanding

86M 28M
Aug 01, 2024

8-K filing: OppFi Inc. acquired 35% of Bitty Holdings, LLC, paying $15.25 million in cash and issuing 734,851 Class A Common Units of OppFi-LLC and 734,851 shares of Class V Voting Stock. ($2.7M proceeds)

110M 28M
Jul 24, 2024

8-K filing: On July 21, 2024, OppFi Inc. determined that 25,500,000 earnout Class A common units of Opportunity Financial, LLC were not earned and were forfeited, and 25,500,000 shares of Class V common stock associated with the Earnout Units were forfeited to the Company.

110M 28M
May 09, 2024

10-Q filing | 111.3M shares outstanding

110M 28M
Mar 27, 2024

10-K filing | 19.3M shares outstanding

19M 28M
Dec 07, 2023

POS AM filing: This POS AM filing relates to the issuance of Class A Common Stock upon exercise of warrants and resale of Class A Common Stock and warrants by selling securityholders.

19M 28M
Nov 09, 2023

10-Q filing | 110.7M shares outstanding

110M 28M
Oct 11, 2023

POS AM filing: This POS AM filing relates to the issuance of Class A Common Stock upon exercise of warrants and resale of Class A Common Stock and Private Placement Warrants by selling securityholders.

17M 28M
Aug 09, 2023

10-Q filing | 110.5M shares outstanding

110M 28M
May 11, 2023

10-Q filing | 109.8M shares outstanding

110M 28M
Mar 29, 2023

10-K filing | 13.9M shares outstanding

14M 28M
Nov 09, 2022

10-Q filing | 109.6M shares outstanding

110M 28M
Aug 09, 2022

10-Q filing | 109.3M shares outstanding

110M 28M
May 13, 2022

POS AM filing: This POS AM filing registers for resale shares of Class A common stock and warrants held by selling securityholders, as well as shares issuable upon exercise of warrants.

13M 28M
May 06, 2022

10-Q filing | 13.6M shares outstanding

14M 28M
May 03, 2022

POS AM filing: This is a POS AM filing relating to the offer and sale of Class A common stock and warrants by selling securityholders, as well as the offer and sale of shares of Class A Common Stock issuable upon exercise of warrants.

13M 28M
Mar 11, 2022

10-K filing | 13.2M shares outstanding

13M 160M
Nov 15, 2021

10-Q filing | 13.4M shares outstanding

13M 160M
Sep 23, 2021

S-1/A filing: This is an S-1/A filing for OppFi Inc. registering shares of Class A common stock and warrants for sale by selling securityholders.

13M 160M
Aug 11, 2021

S-1 filing: This S-1 filing registers the issuance of Class A Common Stock upon warrant exercise and the resale of Class A Common Stock and warrants by selling securityholders.

13M 150M
Aug 10, 2021

10-Q filing | 5.0M shares outstanding

5M 28M
May 12, 2021

10-Q filing | 24.4M shares outstanding

24M 28M
Mar 03, 2021

10-K filing | 24.4M shares outstanding

24M 28M
Nov 12, 2020

10-Q filing | 24.4M shares outstanding

24M 28M
Oct 20, 2020

8-K filing: FG New America Acquisition Corp. consummated its initial public offering of 22,500,000 units at $10.00 per Unit, generating gross proceeds of $225,000,000, and also consummated private sales of units and warrants to its sponsor. Additionally, the underwriters partially exercised their over-allotment option, purchasing 1,275,000 units for gross proceeds of $12,750,000. ($237.75M proceeds)

6.5M 28M
Oct 08, 2020

8-K filing: FG New America Acquisition Corp. consummated its initial public offering of 22,500,000 units at $10.00 per Unit, generating gross proceeds of $225,000,000, and completed private sales of units and warrants to the Sponsor for additional gross proceeds. ($229.0M proceeds)

6.5M 28M
Oct 02, 2020

8-K filing: FG New America Acquisition Corp. consummated its IPO of 22,500,000 units at $10.00 per unit, generating gross proceeds of $225,000,000, and simultaneously completed the private sale of units and warrants to the Sponsor and Underwriters. ($233.63M proceeds)

6.5M 28M
Sep 28, 2020

S-1/A filing: This S-1/A filing outlines an initial public offering of units for a blank check company, FG New America Acquisition Corp., with each unit consisting of one share of Class A common stock and one-half of one redeemable warrant, along with private placements of founder warrants and $15 Exercise Price Warrants.

6.5M 28M
Sep 18, 2020

S-1/A filing: This is an S-1/A filing detailing the expenses related to the offering, indemnification of directors and officers.

6.5M 28M
Sep 14, 2020

S-1/A filing: FG New America Acquisition Corp. is offering 22,500,000 units at $10.00 per unit, each unit consisting of one share of Class A common stock and one-half of one redeemable warrant, in an initial public offering.

6.5M 28M
Aug 26, 2020

S-1 filing: This is an initial public offering of units for a blank check company seeking a business combination in the insurance and financial services industries. Each unit consists of one share of Class A common stock and one-half of one redeemable warrant.

6.5M 23M
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