Oportun's revenue returned to growth, originations rose 12%, and profit reached $23 million, up $18 million from a year earlier. Better-than-forecast results and the lowest loan-loss rate since Q3 2022 support a stronger outlook, though Oportun Forward has not yet shown results.
More loan demand and fewer loan losses can help Oportun earn more from its core business. The company also did better than its own forecasts. Oportun Forward may simplify operations, but its benefits have not yet been shown.
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