OppFi (OPFI) Research & Development (2020 - 2024)
OppFi (OPFI) posted quarterly Research & Development of $3.0 million for Q3 2024, down 3.18% year-over-year from $3.1 million in Q4 2023, and up 2.63% quarter-over-quarter from $3.0 million in Q2 2024.
OppFi (OPFI) Research & Development (2020 - 2024) Analysis & Trends
OppFi (OPFI) has reported Research & Development for 5 consecutive years, with $3.0 million the latest figure, recorded in Q3 2024.
- In Q3 2024, Research & Development fell 3.18% year-over-year to $3.0 million; the TTM figure through Sep 2024 stood at $12.0 million (down 6.97% YoY), while the FY2023 annual figure was $12.5 million, down 3.91% from the prior year.
- Research & Development rose to $3.0 million in Q3 2024 per OPFI's latest filing, from $3.0 million in the prior quarter.
- Across five years, Research & Development topped out at $3.3 million in Q4 2022 and bottomed at $2.0 million in Q3 2020.
- Historically, Research & Development has averaged $2.9 million across 5 years, with a median of $3.0 million in 2024.
- Annual changes were most pronounced in 2022 — Research & Development jumped 46.02% — and 2023, when it declined 11.26%.
- OppFi's Research & Development stood at $2.0 million in 2020, then soared by 41.58% to $2.8 million in 2021, then gained by 19.01% to $3.3 million in 2022, then declined by 11.26% to $3.0 million in 2023, then gained by 2.88% to $3.0 million in 2024.
- Business Quant data shows OPFI's Research & Development at $3.0 million in Q3 2024, $3.0 million in Q2 2024, and $3.1 million in Q1 2024.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Visa | 618.21 Bn | 605.85 Bn | - | 280.00 Mn |
| 2 | Mastercard | 506.53 Bn | 493.04 Bn | - | - |
| 3 | American Express | 232.32 Bn | 183.00 Bn | 17.99 Bn | 1.76 Bn |
| 4 | Capital One Financial | 136.19 Bn | 81.48 Bn | - | 489.00 Mn |
| 5 | PayPal Holdings | 52.34 Bn | 41.08 Bn | - | 849.00 Mn |
| 6 | Eason Technology | 35.89 Bn | 35.89 Bn | - | - |
| 7 | Synchrony Financial | 26.09 Bn | 9.90 Bn | - | 248.00 Mn |
| 8 | Affirm Holdings | 25.93 Bn | 24.20 Bn | - | 72.85 Mn |
| 9 | SoFi Technologies | 23.04 Bn | 22.68 Bn | -41.62 Mn | 335.54 Mn |
| 10 | OppFi | 261.63 Mn | 161.71 Mn | 76.91 Mn | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Sep 30, 2024 | 3.04 Mn |
| Jun 30, 2024 | 2.96 Mn |
| Mar 31, 2024 | 3.06 Mn |
| Dec 31, 2023 | 2.96 Mn |
| Sep 30, 2023 | 3.14 Mn |
| Jun 30, 2023 | 3.28 Mn |
| Mar 31, 2023 | 3.17 Mn |
| Dec 31, 2022 | 3.33 Mn |
| Sep 30, 2022 | 3.30 Mn |
| Jun 30, 2022 | 3.29 Mn |
| Mar 31, 2022 | 3.14 Mn |
| Dec 31, 2021 | 2.80 Mn |
| Sep 30, 2021 | 2.70 Mn |
| Jun 30, 2021 | 2.42 Mn |
| Mar 31, 2021 | 2.15 Mn |
| Dec 31, 2020 | 1.98 Mn |
| Sep 30, 2020 | 1.95 Mn |