Enova International Earnings Call Transcripts
Fiscal Year 2026
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First quarter 2026 saw 33% originations growth and 17% revenue growth, with strong credit metrics and record profitability. SMB and consumer segments both set revenue records, and guidance for 2026 was raised, excluding any impact from the pending Grasshopper Bank acquisition.
Fiscal Year 2025
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Record 2025 results featured 27% originations growth, 20% revenue growth, and 42% adjusted EPS growth, with strong credit performance and stable operating metrics. 2026 guidance calls for 15% originations growth and at least 20% adjusted EPS growth, excluding the pending Grasshopper Bank acquisition, which is expected to close in H2 2026.
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A $369 million cash and stock acquisition of Grasshopper Bancorp will create a digital-first bank-holding company, expanding geographic reach, product offerings, and funding sources. The deal is expected to deliver significant revenue and funding synergies, with EPS accretion over 25% within two years post-close.
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The firm has evolved into a leading online lender for both consumers and small businesses, leveraging machine learning for underwriting and maintaining strong credit performance. Small business lending is outpacing consumer growth, with robust funding, high returns, and a flexible, online-only model supporting continued expansion.
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Q3 2025 saw robust loan and revenue growth, record receivables, and strong credit metrics, with small business lending leading segment gains. Guidance calls for double-digit revenue and EPS growth in Q4, supported by ample liquidity and favorable market conditions.
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Leadership transition is set for January, with a focus on continuity and strategic consistency. The company leverages machine learning for online lending to non-prime consumers and SMBs, maintaining strong credit performance and liquidity. Ongoing innovation and customer-centric product development remain priorities.
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Q2 saw 22% revenue growth and 48% higher adjusted EPS, with strong SMB and consumer performance. Leadership transition and robust liquidity position the company for continued growth, with 2025 revenue and EPS expected to rise 20% and 30%, respectively.
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Q1 2025 saw 22% revenue growth and 56% higher adjusted EPS, driven by strong demand, stable credit, and operating leverage. Guidance calls for continued growth in originations, revenue, and EPS, with robust liquidity and active share repurchases supporting shareholder value.
Fiscal Year 2024
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Record 2024 results with 25% revenue growth and 43% higher adjusted EPS in Q4, driven by strong originations and stable credit. 2025 guidance calls for 15% origination growth and 25% adjusted EPS growth, with continued focus on operating efficiency and share repurchases.
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Record Q3 originations and revenue were driven by strong growth in both small business and consumer segments, with profitability metrics outpacing revenue. Guidance calls for continued 20%+ year-over-year growth in Q4, supported by a robust balance sheet and favorable macro trends.
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Q2 2024 saw robust growth in originations, revenue, and profitability, with stable credit and strong demand across both small business and consumer segments. Guidance for 2024 was raised, and liquidity remains high, supporting continued share buybacks and growth.
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Steady demand and credit performance are driving growth in both consumer and small business lending, with strategic focus on higher-yield segments and dynamic marketing. Diversification, robust risk management, and improved capital markets access support ongoing capital returns and position the business for consistent future performance.