ENVA · Enova International, Inc.

Enova International delivered a strong first quarter of 2026, marked by double-digit growth across key financial metrics. Total revenue rose 17% year-over-year to $875 million, supported by a 33% increase in originations to $2.3 billion. This top-line expansion translated into significant bottom-line improvement, with net income climbing 25% to $91 million and diluted EPS increasing 29% to $3.46. On an adjusted basis, EPS grew 30% to $3.87, while Adjusted EBITDA expanded 20% to $227 million, demonstrating effective operational leverage.

Credit quality remained a highlight, with the net charge-off ratio improving to 7.6% and net revenue margin expanding to 60% from 57% a year ago. Management attributed the performance to a balanced growth strategy and disciplined unit economics. CEO Steve Cunningham noted the resilience of consumer and small business customers and reaffirmed expectations for the Grasshopper Bank acquisition to close in the second half of 2026, emphasizing ongoing integration planning to realize synergies.

Financially, the company maintains a robust position with total liquidity of $1.1 billion as of March 31, 2026. Total company combined loans and finance receivables reached a record $5.3 billion, up 28% year-over-year. During the quarter, Enova returned capital to shareholders through $16 million in stock repurchases. The consistent execution and stable credit outlook position the company to continue delivering profitable growth.