OppFi Inc., the fintech lender targeting underserved consumers, reported second-quarter adjusted earnings that exceeded analyst expectations and raised its full-year outlook, signaling sustained demand for its credit products despite economic headwinds.

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OPFI adjusted earnings per share for the quarter ended June 30 came in at $0.45, up from $0.29 a year earlier and surpassing the $0.30 average estimate from three analysts polled by FactSet. Revenue climbed 13% to $142.4 million from $126.3 million, beating the $141.2 million consensus from four analysts.

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The Chicago-based company, which provides installment loans through its OppLoans platform, now projects full-year adjusted EPS of $1.39 to $1.44, up from its previous guidance of $1.18 to $1.26 and ahead of the $1.24 FactSet consensus. Revenue for 2025 is forecast at $578 million to $605 million, compared with the prior range of $563 million to $594 million and analyst expectations of $581.8 million.

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Shares of OppFi surged 16% in premarket trading on the New York Stock Exchange, poised to extend a year-to-date rally that has seen the stock more than double amid investor optimism over fintech recovery.

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The results show OppFi's ability to navigate a challenging environment for consumer lending, where rising delinquencies and tighter credit standards at traditional banks are driving borrowers to alternative providers. The company has emphasized its use of AI-driven underwriting to manage risk, maintaining profitability for 10 consecutive years.

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OppFi's performance comes as broader economic indicators point to a potential slowdown, with US GDP growth forecasts revised lower and unemployment edging higher. Analysts suggest the firm's focus on near-prime consumers positions it to benefit from increased demand for accessible credit during downturns, potentially accelerating loan originations.