ENOVA ANNOUNCES NEW $400 MILLION SHARE REPURCHASE PROGRAM

Rhea-AI Summary

Enova (NYSE: ENVA) announced a new $400 million share repurchase program authorized by its Board on Nov 12, 2025, expiring June 30, 2027. The new program replaces an existing $300 million repurchase plan that would have expired Dec 31, 2025. The company said repurchases may occur in the open market, through privately negotiated transactions, or otherwise, and the program does not obligate Enova to purchase any shares. The Board may terminate, increase, or decrease the authorization at its discretion. Management cited a strong balance sheet and liquidity as support for the program.

Positive

• $400M repurchase authorized (largest in company history)
• Program expires June 30, 2027, providing a 19-month window
• Replaces prior $300M program, increasing buyback capacity by $100M

Negative

• Repurchase program does not obligate the company to buy shares
• Board may terminate, increase, or decrease the authorization at any time

CHICAGO, Nov. 12, 2025 /PRNewswire/ -- Enova International (NYSE: ENVA), a leading financial services company powered by machine learning and world-class analytics, today announced that its Board of Directors has authorized a new share repurchase program totaling $400 million that expires June 30, 2027. Enova's existing $300 million repurchase program that would have expired on December 31, 2025 will terminate and be replaced by this new program.

"The Board's authorization of a new $400 million share repurchase program, the largest in our company's history, reinforces our conviction in the strength of our business model, our long-term growth prospects and our track record of consistent performance," said Steve Cunningham, Enova's CFO. "Our balance sheet and liquidity position remain strong and give us the financial flexibility to deliver on our commitment to drive long-term shareholder value through both continued investments in our business and share repurchases."

Repurchases will be made in accordance with applicable securities laws from time to time in the open market, through privately negotiated transactions or otherwise. The share repurchase program does not obligate the Company to purchase any shares of its common stock. The authorization for the share repurchase program may be terminated, increased or decreased by the Company's Board of Directors in its discretion at any time.

About Enova
Enova International (NYSE: ENVA) is a leading online financial services company that serves small businesses and consumers who are underserved by traditional banks. For over 20 years, Enova has provided over $65 billion in loans and financing to more than 13 million customers by offering a suite of market-leading products powered by the company's world-class analytics, machine learning algorithms and proprietary technology. You can learn more about the company and its portfolio of business at www.enova.com.

Cautionary Statement Concerning Forward Looking Statements
This release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 about the business, financial condition and prospects of Enova. These forward-looking statements give current expectations or forecasts of future events and reflect the views and assumptions of Enova's senior management with respect to the business, financial condition and prospects of Enova as of the date of this release and are not guarantees of future performance. The actual results of Enova could differ materially from those indicated by such forward-looking statements because of various risks and uncertainties applicable to Enova's business, including, without limitation, those risks and uncertainties indicated in Enova's filings with the Securities and Exchange Commission ("SEC"), including our annual report on Form 10-K, quarterly reports on Forms 10-Q and current reports on Forms 8-K. These risks and uncertainties are beyond the ability of Enova to control, and, in many cases, Enova cannot predict all of the risks and uncertainties that could cause its actual results to differ materially from those indicated by the forward-looking statements. When used in this release, the words "believes," "estimates," "plans," "expects," "anticipates" and similar expressions or variations as they relate to Enova or its management are intended to identify forward-looking statements. Enova cautions you not to put undue reliance on these statements. Enova disclaims any intention or obligation to update or revise any forward-looking statements after the date of this release.

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SOURCE Enova International, Inc.

FAQ

What did Enova (ENVA) announce on Nov 12, 2025 about share repurchases?

Enova announced a new $400 million share repurchase program that replaces the prior $300 million plan and expires June 30, 2027.

How does the new Enova (ENVA) buyback compare to the previous program?

The new authorization increases capacity by $100 million, replacing the prior $300 million program.

Will Enova (ENVA) be required to repurchase shares under the $400M program?

No. The program expressly does not obligate Enova to purchase any shares.

What is the time frame for Enova's (ENVA) $400M repurchase program?

The Board authorized the program on Nov 12, 2025 and it expires on June 30, 2027.

How will Enova (ENVA) execute repurchases under the new program?

Repurchases may be made in the open market, via privately negotiated transactions, or otherwise, subject to securities laws.

Can Enova's (ENVA) board change the $400M repurchase plan?

Yes. The Board can terminate, increase, or decrease the authorization at its discretion.