| Metric | Value ($ M) | Q1 FY25 |
|---|---|---|
| Revenue | 875.14 | 17.4% |
| Total Income | 875.14 | 17.4% |
| Expenditure | 668.04 | 16.5% |
| PBT | 112.87 | 24.0% |
| Net Profit | 91.10 | 24.9% |
| OPM | 23.66% | 0.61pp |
| NPM | 10.41% | 0.63pp |
| EPS | 3.66 | 28.9% |
Enova Reports Q1 2026 Results: Revenue Up 17% YoY
24 Apr 2026 · 24 Apr, 1:46 am
Summary
Enova International reported a strong start to 2026 with a 17% increase in total revenue to $875 million for the first quarter, compared to $746 million in the same period last year. Net income rose by 25% to $91 million, resulting in diluted earnings per share of $3.46. The company's adjusted EBITDA increased by 20% to $227 million. Management remains confident in their ability to drive meaningful and consistent financial results, backed by their balanced growth strategy and unit economics discipline.
Key Highlights
- 1
Enova's total revenue increased by 17% to $875 million in the first quarter of 2026, compared to $746 million in the first quarter of 2025.
- 2
Diluted earnings per share increased by 29% to $3.46, while adjusted earnings per share rose by 30% to $3.87 compared to the first quarter of 2025.
- 3
The net revenue margin was 60% compared to 57% in the first quarter of 2025, reflecting solid credit performance.
- 4
Net income increased by 25% to $91 million, or $3.46 per diluted share, from $73 million, or $2.69 per diluted share, in the first quarter of 2025.
- 5
Adjusted EBITDA increased by 20% to $227 million from $190 million in the first quarter of 2025.
- 6
Total company combined loans and finance receivables increased 28% year-over-year to a record $5.3 billion, with total company originations of $2.3 billion in the quarter.
- 7
The company repurchased $16 million of common stock under its share repurchase program.
Management Comments
Steve Cunningham
Our first quarter results marked a great start to the year. Strong originations growth and credit across our portfolio highlight the power of our balanced growth strategy, our experienced team’s ability to drive differentiated and consistent performance and the resiliency of our consumer and small business customers. We continue to expect a second half of 2026 closing of our acquisition of Grasshopper Bank as we remain engaged with regulators on the typical application review process. In addition, we are highly encouraged by the readiness we are building across the companies through integration planning to ensure we hit the ground running on day one to deliver on the significant synergies from geographic expansion of our existing products and lower funding costs from Grasshopper’s deposit businesses. We remain well positioned to deliver sustainable and profitable growth this year and beyond.
Scott Cornelis
We are pleased to deliver another quarter of strong top- and bottom-line results. We remain confident in our ability to drive meaningful and consistent financial results, backed by our balanced growth strategy and unit economics discipline. Our diversified products, flexible online-only model, experienced team, world-class risk management capabilities and strong balance sheet position us well to continue to generate profitable growth and deliver on our commitment to driving long-term shareholder value.
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