Enova Reports First Quarter 2025 Results
Enova reported strong Q1 2025 financial results, with originations increasing 26% and total revenue rising 22% to $746 million compared to Q1 2024. The company achieved diluted earnings per share of $2.69, up 64%, while adjusted EPS grew 56% to $2.98.
Key performance metrics remained robust with a stable net charge-off ratio of 8.6% and net revenue margin of 57%. The company's consolidated 30+ day delinquency ratio improved to 7.7%, while maintaining a portfolio fair value premium of 115%. Total combined loans reached a record $4.1 billion, with quarterly originations of $1.7 billion.
Liquidity position remained strong at $1.1 billion, including cash, marketable securities, and available facility capacity. The company continued its shareholder value creation through $63 million in share repurchases during the quarter. Management attributes success to their diversified products, online-only model, and machine learning-powered analytics in a favorable environment marked by strong labor market and wage growth.
Enova ha riportato solidi risultati finanziari nel primo trimestre 2025, con le erogazioni in aumento del 26% e i ricavi totali cresciuti del 22%, raggiungendo 746 milioni di dollari rispetto al primo trimestre 2024. L’azienda ha registrato un utile diluito per azione di 2,69 dollari, in crescita del 64%, mentre l’EPS rettificato è aumentato del 56%, arrivando a 2,98 dollari.
I principali indicatori di performance sono rimasti robusti, con un tasso di perdite nette stabile all’8,6% e un margine di ricavi netti del 57%. Il rapporto consolidato di insolvenze oltre i 30 giorni è migliorato al 7,7%, mantenendo un premio sul valore equo del portafoglio del 115%. Il totale dei prestiti combinati ha raggiunto un record di 4,1 miliardi di dollari, con erogazioni trimestrali pari a 1,7 miliardi.
La posizione di liquidità è rimasta solida a 1,1 miliardi di dollari, inclusi contanti, titoli negoziabili e capacità disponibile della linea di credito. L’azienda ha continuato a creare valore per gli azionisti con riacquisti di azioni per 63 milioni di dollari nel trimestre. La direzione attribuisce il successo alla diversificazione dei prodotti, al modello esclusivamente online e all’analisi basata su machine learning, in un contesto favorevole caratterizzato da un mercato del lavoro solido e crescita salariale.
Enova reportó sólidos resultados financieros en el primer trimestre de 2025, con originaciones que aumentaron un 26% y los ingresos totales que subieron un 22%, alcanzando los 746 millones de dólares en comparación con el primer trimestre de 2024. La compañía logró un beneficio diluido por acción de 2,69 dólares, un incremento del 64%, mientras que el BPA ajustado creció un 56%, llegando a 2,98 dólares.
Los principales indicadores de rendimiento se mantuvieron sólidos, con una tasa estable de cancelaciones netas del 8,6% y un margen de ingresos netos del 57%. El ratio consolidado de morosidad a más de 30 días mejoró a 7,7%, manteniendo una prima de valor razonable del portafolio del 115%. El total combinado de préstamos alcanzó un récord de 4.100 millones de dólares, con originaciones trimestrales de 1.700 millones.
La posición de liquidez se mantuvo fuerte en 1.100 millones de dólares, incluyendo efectivo, valores negociables y capacidad disponible en la línea de crédito. La empresa continuó creando valor para los accionistas mediante recompras de acciones por 63 millones de dólares durante el trimestre. La dirección atribuye el éxito a su diversificación de productos, modelo exclusivamente en línea y análisis impulsado por aprendizaje automático, en un entorno favorable marcado por un mercado laboral sólido y crecimiento salarial.
에노바(Enova)는 2025년 1분기 강력한 재무 실적을 보고했으며, 신규 대출이 26% 증가하고 총 수익은 2024년 1분기 대비 22% 상승한 7억 4600만 달러를 기록했습니다. 회사는 희석 주당순이익(EPS) 2.69달러를 달성하며 64% 증가했고, 조정 EPS는 56% 증가한 2.98달러를 기록했습니다.
주요 성과 지표는 견고하게 유지되었으며, 순대손비율은 8.6%로 안정적이고 순수익 마진은 57%였습니다. 회사의 통합 30일 이상 연체율은 7.7%로 개선되었으며, 포트폴리오 공정가치 프리미엄은 115%를 유지했습니다. 총 대출 잔액은 41억 달러로 사상 최고치를 기록했으며, 분기별 신규 대출은 17억 달러였습니다.
유동성은 현금, 시장성 증권 및 이용 가능한 대출 한도를 포함해 11억 달러로 견고하게 유지되었습니다. 회사는 분기 동안 6300만 달러 규모의 자사주 매입을 통해 주주 가치 창출을 지속했습니다. 경영진은 다양한 제품군, 온라인 전용 모델, 머신러닝 기반 분석이 강력한 노동 시장과 임금 상승이라는 우호적인 환경에서 성공의 요인이라고 평가했습니다.
Enova a annoncé de solides résultats financiers pour le premier trimestre 2025, avec une augmentation des originations de 26 % et un chiffre d’affaires total en hausse de 22 %, atteignant 746 millions de dollars par rapport au premier trimestre 2024. La société a réalisé un bénéfice dilué par action de 2,69 $, en hausse de 64 %, tandis que le BPA ajusté a progressé de 56 % pour atteindre 2,98 $.
Les principaux indicateurs de performance sont restés solides, avec un taux net de dépréciation stable à 8,6 % et une marge nette sur les revenus de 57 %. Le ratio consolidé des créances en souffrance de plus de 30 jours s’est amélioré à 7,7 %, tout en maintenant une prime de juste valeur du portefeuille de 115 %. Le total des prêts combinés a atteint un record de 4,1 milliards de dollars, avec des originations trimestrielles de 1,7 milliard.
La position de liquidité est restée solide à 1,1 milliard de dollars, incluant la trésorerie, les titres négociables et la capacité disponible sur les facilités de crédit. La société a poursuivi la création de valeur pour les actionnaires grâce à des rachats d’actions d’une valeur de 63 millions de dollars au cours du trimestre. La direction attribue ce succès à la diversification des produits, au modèle exclusivement en ligne et à l’analyse alimentée par l’apprentissage automatique, dans un contexte favorable marqué par un marché du travail solide et une croissance des salaires.
Enova meldete starke Finanzergebnisse für das erste Quartal 2025, mit einem Anstieg der Kreditvergaben um 26% und einem Gesamtumsatzanstieg von 22% auf 746 Millionen US-Dollar im Vergleich zum ersten Quartal 2024. Das Unternehmen erzielte ein verwässertes Ergebnis je Aktie von 2,69 US-Dollar, eine Steigerung von 64%, während das bereinigte Ergebnis je Aktie um 56% auf 2,98 US-Dollar wuchs.
Die wichtigsten Leistungskennzahlen blieben robust mit einer stabilen Nettoausfallquote von 8,6% und einer Nettoumsatzmarge von 57%. Die konsolidierte Quote der über 30 Tage überfälligen Forderungen verbesserte sich auf 7,7%, wobei ein Portfoliowertaufschlag von 115% beibehalten wurde. Die gesamten kombinierten Kredite erreichten mit 4,1 Milliarden US-Dollar einen Rekordwert, mit vierteljährlichen Kreditvergaben von 1,7 Milliarden.
Die Liquiditätslage blieb mit 1,1 Milliarden US-Dollar stark, einschließlich Bargeld, marktfähigen Wertpapieren und verfügbarer Kreditlinienkapazität. Das Unternehmen setzte die Wertschöpfung für Aktionäre durch Aktienrückkäufe im Wert von 63 Millionen US-Dollar im Quartal fort. Das Management führt den Erfolg auf das diversifizierte Produktportfolio, das ausschließlich online basierte Modell und maschinelles Lernen gestützte Analysen in einem günstigen Umfeld mit starkem Arbeitsmarkt und Lohnwachstum zurück.
- Revenue grew 22% YoY to $746M in Q1 2025
- Net income jumped 51% YoY to $73M
- Diluted EPS increased 64% to $2.69
- Adjusted EBITDA rose 27% to $190M
- Originations increased 26% YoY
- Total loans and receivables reached record $4.1B, up 20%
- Strong liquidity position of $1.1B
- Stable net revenue margin of 57%
- Improved 30+ day delinquency ratio at 7.7%
- Net charge-off ratio remains at 8.6%
- Spent $63M on share buybacks instead of business growth
Insights
Enova delivered exceptional Q1 growth with 22% revenue increase and 51% net income jump while maintaining strong credit metrics.
Enova International's Q1 2025 results demonstrate remarkable financial performance across all key metrics. The company reported
What's particularly noteworthy is that Enova achieved this significant growth while maintaining solid credit quality - with a stable net charge-off ratio of
Total originations increased
Management's commentary suggests confidence in their diversified product offerings and risk management capabilities, positioning them well to navigate economic uncertainty while continuing to deliver strong results. The company's ability to significantly outperform Q1 2024 across all key financial metrics while maintaining credit quality demonstrates exceptional execution of their growth strategy.
- Originations rose
26% and total company revenue increased22% from the first quarter of 2024 - Diluted earnings per share of
$2.69 64% and adjusted earnings per share1 of$2.98 56% compared to the first quarter of 2024 - Credit performance remained strong compared to a year ago with a stable net charge-off ratio of
8.6% and stable net revenue margin of57% - Year-over-year improvement in the consolidated 30+ day delinquency ratio of
7.7% and stability in the consolidated portfolio fair value premium of115% reflect a stable credit outlook - Liquidity, including cash and marketable securities and available capacity on facilities, totaled
$1.1 billion - Share repurchases during the quarter totaled
$63 million
"We are pleased to deliver another quarter of strong financial results," said David Fisher, Enova's CEO. "Solid demand and stable credit across our products reflect the continued strength of our consumer and small business customers, who are benefitting from a strong labor market, wage growth and retail spending. While there has been recent volatility in the financial markets and questions about the direction of the economy, we are confident that our balanced growth strategy along with our diversified products, flexible online-only model, world-class risk management and technology and experienced team will allow us to adapt quickly to the operating environment to deliver profitable growth while effectively managing risk."
First Quarter 2025 Summary
- Total revenue of
$746 million 22% from$610 million - Net revenue margin of
57% is consistent with the first quarter of 2024, reflecting continued solid credit performance. - Net income of
$73 million $2.69 51% from$48 million $1.64 - Adjusted EBITDA1 of
$190 million 27% from$149 million - Adjusted earnings per share1 of
$2.98 56% from$1.91 - Total company combined loans and finance receivables1 increased
20% from the end of the first quarter of 2024 to a record$4.1 billion $1.7 billion - Repurchased
$63 million
"We delivered another quarter of solid top- and bottom-line results that exceeded our expectations," said Steve Cunningham, CFO of Enova. "Our strong financial performance in the first quarter continues to demonstrate how the powerful combination of our diversified product offerings, scalable operating model, world-class risk management capabilities and balance sheet flexibility allow us to consistently deliver strong results. We remain well positioned to successfully navigate a range of operating environments while delivering on our commitment to drive long term shareholder value through both continued investments in our business and opportunistic share repurchases."
1 Non-GAAP measure. Refer to "Non-GAAP Financial Measures," "Loans and Finance Receivables Financial and Operating Data," and "Reconciliation of GAAP to Non-GAAP Financial Measures" below for additional information. |
Conference Call
Enova will host a conference call to discuss its first quarter 2025 results at 4 p.m. Central Time / 5 p.m. Eastern Time today, April 29th. The live webcast of the call can be accessed at the Enova Investor Relations website at http://ir.enova.com, along with the company's earnings press release and supplemental financial information. The
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. Over its 20-year history, Enova has provided over
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.
Non-GAAP Financial Measures
In addition to the financial information prepared in conformity with generally accepted accounting principles in
Management provides non-GAAP financial information for informational purposes and to enhance understanding of Enova's GAAP consolidated financial statements. Readers should consider the information in addition to, but not instead of or superior to, Enova's financial statements prepared in accordance with GAAP. This non-GAAP financial information may be determined or calculated differently by other companies, limiting the usefulness of those measures for comparative purposes.
Combined Loans and Finance Receivables
The combined loans and finance receivables measures are non-GAAP measures that include loans and finance receivables that Enova owns or has purchased and loans that Enova guarantees. Management believes these non-GAAP measures provide management and investors with important information needed to evaluate the magnitude of potential receivable losses and the opportunity for revenue performance of the loans and finance receivable portfolio on an aggregate basis. Management also believes that the comparison of the aggregate amounts from period to period is more meaningful than comparing only the amounts reflected on Enova's consolidated balance sheet since revenue is impacted by the aggregate amount of receivables owned by Enova and those guaranteed by Enova as reflected in its consolidated financial statements.
Adjusted Earnings Measures
Enova provides adjusted earnings and adjusted earnings per share, or, collectively, the Adjusted Earnings Measures, which are non-GAAP measures. Management believes that the presentation of these measures provides investors with greater transparency and facilitates comparison of operating results across a broad spectrum of companies with varying capital structures, compensation strategies, derivative instruments and amortization methods, which can provide a more complete understanding of Enova's financial performance, competitive position and prospects for the future. Management utilizes, and also believes that investors utilize, the Adjusted Earnings Measures to assess operating performance, recognizing that such measures may highlight trends in Enova's business that may not otherwise be apparent when relying on financial measures calculated in accordance with GAAP. In addition, management believes that the Adjusted Earnings Measures are useful to management and investors in comparing Enova's financial results during the periods shown without the effect of certain items that are not indicative of Enova's core operating performance or results of operations.
Adjusted EBITDA Measures
Enova provides Adjusted EBITDA and Adjusted EBITDA margin, or, collectively, the Adjusted EBITDA measures, which are non-GAAP measures. Adjusted EBITDA is a non-GAAP measure that Enova defines as earnings excluding depreciation, amortization, interest, foreign currency transaction gains or losses, taxes, stock-based compensation and certain other items, as appropriate, that are not indicative of our core operating performance. Adjusted EBITDA margin is a non-GAAP measure that Enova defines as Adjusted EBITDA as a percentage of total revenue. Management utilizes, and also believes that investors utilize, Adjusted EBITDA Measures to analyze operating performance and evaluate Enova's ability to incur and service debt and Enova's capacity for making capital expenditures. Enova believes that Adjusted EBITDA is useful to management and investors in comparing Enova's financial results during the periods shown without the effect of certain non-cash items and certain items that are not indicative of Enova's core operating performance or results of operations. Adjusted EBITDA Measures are also useful to investors to help assess Enova's estimated enterprise value.
ENOVA INTERNATIONAL, INC. AND SUBSIDIARIES CONSOLIDATED BALANCE SHEETS (dollars in thousands, except per share data) (Unaudited) | ||||||||||||
March 31, | December 31, | |||||||||||
2025 | 2024 | 2024 | ||||||||||
Assets | ||||||||||||
Cash and cash equivalents | $ | 55,514 | $ | 76,458 | $ | 73,910 | ||||||
Restricted cash | 256,342 | 152,469 | 248,758 | |||||||||
Loans and finance receivables at fair value | 4,569,819 | 3,795,210 | 4,386,444 | |||||||||
Income taxes receivable | 48,117 | 85,424 | 40,690 | |||||||||
Other receivables and prepaid expenses | 71,617 | 65,963 | 63,752 | |||||||||
Property and equipment, net | 124,791 | 111,678 | 119,956 | |||||||||
Operating lease right-of-use assets | 17,607 | 13,651 | 18,201 | |||||||||
Goodwill | 279,275 | 279,275 | 279,275 | |||||||||
Intangible assets, net | 8,937 | 16,991 | 10,951 | |||||||||
Other assets | 25,239 | 39,408 | 24,194 | |||||||||
Total assets | $ | 5,457,258 | $ | 4,636,527 | $ | 5,266,131 | ||||||
Liabilities and Stockholders' Equity | ||||||||||||
Accounts payable and accrued expenses | $ | 237,420 | $ | 290,603 | $ | 249,970 | ||||||
Operating lease liabilities | 32,144 | 26,959 | 32,165 | |||||||||
Deferred tax liabilities, net | 233,693 | 127,887 | 223,590 | |||||||||
Long-term debt | 3,757,351 | 3,040,867 | 3,563,482 | |||||||||
Total liabilities | 4,260,608 | 3,486,316 | 4,069,207 | |||||||||
Commitments and contingencies | ||||||||||||
Stockholders' equity: | ||||||||||||
Common stock, | — | — | — | |||||||||
Preferred stock, | — | — | — | |||||||||
Additional paid in capital | 337,679 | 298,191 | 328,268 | |||||||||
Retained earnings | 1,770,699 | 1,536,734 | 1,697,754 | |||||||||
Accumulated other comprehensive loss | (10,782) | (7,234) | (13,691) | |||||||||
Treasury stock, at cost (21,526,348, 18,843,519 and 20,712,820 | (900,946) | (677,480) | (815,407) | |||||||||
Total stockholders' equity | 1,196,650 | 1,150,211 | 1,196,924 | |||||||||
Total liabilities and stockholders' equity | $ | 5,457,258 | $ | 4,636,527 | $ | 5,266,131 | ||||||
ENOVA INTERNATIONAL, INC. AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF INCOME (in thousands, except per share data) (Unaudited) | ||||||||
Three Months Ended | ||||||||
March 31, | ||||||||
2025 | 2024 | |||||||
Revenue | $ | 745,541 | $ | 609,889 | ||||
Change in Fair Value | (319,359) | (264,023) | ||||||
Net Revenue | 426,182 | 345,866 | ||||||
Operating Expenses | ||||||||
Marketing | 139,291 | 110,567 | ||||||
Operations and technology | 62,462 | 54,379 | ||||||
General and administrative | 42,464 | 39,865 | ||||||
Depreciation and amortization | 10,061 | 10,263 | ||||||
Total Operating Expenses | 254,278 | 215,074 | ||||||
Income from Operations | 171,904 | 130,792 | ||||||
Interest expense, net | (80,544) | (65,597) | ||||||
Foreign currency transaction loss | (452) | (48) | ||||||
Equity method investment gain | 120 | — | ||||||
Other nonoperating expenses | — | (492) | ||||||
Income before Income Taxes | 91,028 | 64,655 | ||||||
Provision for income taxes | 18,083 | 16,227 | ||||||
Net income | $ | 72,945 | $ | 48,428 | ||||
Earnings Per Share | ||||||||
Earnings per common share: | ||||||||
Basic | $ | 2.84 | $ | 1.72 | ||||
Diluted | $ | 2.69 | $ | 1.64 | ||||
Weighted average common shares outstanding: | ||||||||
Basic | 25,676 | 28,196 | ||||||
Diluted | 27,104 | 29,503 | ||||||
ENOVA INTERNATIONAL, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOW (dollars in thousands) (Unaudited) | ||||||||
Three Months Ended March 31, | ||||||||
2025 | 2024 | |||||||
Total cash flows provided by operating activities | $ | 391,144 | $ | 348,563 | ||||
Cash flows from investing activities | ||||||||
Loans and finance receivables | (496,715) | (431,959) | ||||||
Capitalization of software development costs and purchases of fixed assets | (12,875) | (11,225) | ||||||
Total cash flows used in investing activities | (509,590) | (443,184) | ||||||
Cash flows provided by (used in) financing activities | 107,327 | (53,975) | ||||||
Effect of exchange rates on cash, cash equivalents and restricted cash | 307 | 84 | ||||||
Net (decrease) increase in cash, cash equivalents and restricted cash | (10,812) | 148,512 | ||||||
Cash, cash equivalents and restricted cash at beginning of year | 322,668 | 377,439 | ||||||
Cash, cash equivalents and restricted cash at end of period | $ | 311,856 | $ | 228,927 | ||||
ENOVA INTERNATIONAL, INC. AND SUBSIDIARIES
LOANS AND FINANCE RECEIVABLES FINANCIAL AND OPERATING DATA
(dollars in thousands)
The following table includes financial information for loans and finance receivables, which is based on loan and finance receivable balances for the three months ended March 31, 2025 and 2024.
Three Months Ended March 31, | 2025 | 2024 | Change | |||||||||
Ending combined loan and finance receivable principal balance: | ||||||||||||
Company owned | $ | 3,964,419 | $ | 3,298,430 | $ | 665,989 | ||||||
Guaranteed by the Company(a) | 14,813 | 10,780 | 4,033 | |||||||||
Total combined loan and finance receivable principal balance(b) | $ | 3,979,232 | $ | 3,309,210 | $ | 670,022 | ||||||
Ending combined loan and finance receivable fair value balance: | ||||||||||||
Company owned | $ | 4,569,819 | $ | 3,795,210 | $ | 774,609 | ||||||
Guaranteed by the Company(a) | 21,225 | 14,773 | 6,452 | |||||||||
Ending combined loan and finance receivable fair value balance(b) | $ | 4,591,044 | $ | 3,809,983 | $ | 781,061 | ||||||
Fair value as a % of principal(c) | 115.4 | % | 115.1 | % | 0.3 | % | ||||||
Ending combined loan and finance receivable balance, including principal | ||||||||||||
Company owned | $ | 4,117,245 | $ | 3,438,468 | $ | 678,777 | ||||||
Guaranteed by the Company(a) | 17,954 | 13,046 | 4,908 | |||||||||
Ending combined loan and finance receivable balance(b) | $ | 4,135,199 | $ | 3,451,514 | $ | 683,685 | ||||||
Average combined loan and finance receivable balance, including | ||||||||||||
Company owned(d) | $ | 4,068,475 | $ | 3,376,099 | $ | 692,376 | ||||||
Guaranteed by the Company(a)(d) | 20,700 | 14,956 | 5,744 | |||||||||
Average combined loan and finance receivable balance(a)(d) | $ | 4,089,175 | $ | 3,391,055 | $ | 698,120 | ||||||
Installment loans as percentage of average combined loan and finance | 44.4 | % | 48.9 | % | (4.5) | % | ||||||
Line of credit accounts as percentage of average combined loan and | 55.6 | % | 51.1 | % | 4.5 | % | ||||||
Revenue | $ | 735,421 | $ | 601,208 | $ | 134,213 | ||||||
Change in fair value | (317,480) | (262,106) | (55,374) | |||||||||
Net revenue | $ | 417,941 | $ | 339,102 | $ | 78,839 | ||||||
Net revenue margin | 56.8 | % | 56.4 | % | 0.4 | % | ||||||
Combined loan and finance receivable originations and purchases | $ | 1,729,479 | $ | 1,377,367 | $ | 352,112 | ||||||
Delinquencies: | ||||||||||||
>30 days delinquent | $ | 318,356 | $ | 279,659 | $ | 38,697 | ||||||
>30 days delinquent as a % of combined loan and finance receivable balance(c) | 7.7 | % | 8.1 | % | (0.4) | % | ||||||
Charge-offs: | ||||||||||||
Charge-offs (net of recoveries) | $ | 350,336 | $ | 286,698 | $ | 63,638 | ||||||
Charge-offs (net of recoveries) as a % of average combined loan and | 8.6 | % | 8.5 | % | 0.1 | % | ||||||
(a) | Represents loans originated by third-party lenders through the CSO programs, which are not included in our consolidated balance sheets. |
(b) | Non-GAAP measure. |
(c) | Determined using period-end balances. |
(d) | The average combined loan and finance receivable balance is the average of the month-end balances during the period. |
ENOVA INTERNATIONAL, INC. AND SUBSIDIARIES RECONCILIATION OF GAAP TO NON-GAAP FINANCIAL MEASURES (dollars in thousands, except per share data) | ||||||||
Adjusted Earnings Measures | ||||||||
Three Months Ended | ||||||||
March 31, | ||||||||
2025 | 2024 | |||||||
Net income | $ | 72,945 | $ | 48,428 | ||||
Adjustments: | ||||||||
Transaction-related costs(a) | — | 327 | ||||||
Equity method investment gain | (120) | — | ||||||
Other nonoperating expenses(b) | — | 492 | ||||||
Intangible asset amortization | 2,014 | 2,014 | ||||||
Stock-based compensation expense | 7,936 | 7,639 | ||||||
Foreign currency transaction loss | 452 | 48 | ||||||
Cumulative tax effect of adjustments | (2,488) | (2,642) | ||||||
Adjusted earnings | $ | 80,739 | $ | 56,306 | ||||
Diluted earnings per share | $ | 2.69 | $ | 1.64 | ||||
Adjusted earnings per share | $ | 2.98 | $ | 1.91 | ||||
Adjusted EBITDA | ||||||||
Three Months Ended | ||||||||
March 31, | ||||||||
2025 | 2024 | |||||||
Net income | $ | 72,945 | $ | 48,428 | ||||
Depreciation and amortization expenses | 10,061 | 10,263 | ||||||
Interest expense, net | 80,544 | 65,597 | ||||||
Foreign currency transaction loss | 452 | 48 | ||||||
Provision for income taxes | 18,083 | 16,227 | ||||||
Stock-based compensation expense | 7,936 | 7,639 | ||||||
Adjustments: | ||||||||
Transaction-related costs(a) | — | 327 | ||||||
Equity method investment gain | (120) | — | ||||||
Other nonoperating expenses(b) | — | 492 | ||||||
Adjusted EBITDA | $ | 189,901 | $ | 149,021 | ||||
Adjusted EBITDA margin calculated as follows: | ||||||||
Total Revenue | $ | 745,541 | $ | 609,889 | ||||
Adjusted EBITDA | 189,901 | 149,021 | ||||||
Adjusted EBITDA as a percentage of total revenue | 25.5 | % | 24.4 | % | ||||
(a) | In the first quarter of 2024, the Company recorded |
(b) | In the first quarter of 2024, the Company recorded other nonoperating expense of |
View original content to download multimedia:https://www.prnewswire.com/news-releases/enova-reports-first-quarter-2025-results-302441601.html
SOURCE Enova International, Inc.
FAQ
How much did Enova (ENVA) earnings grow in Q1 2025?
What is Enova's (ENVA) revenue growth rate in first quarter 2025?
How much stock did ENVA buy back in Q1 2025?
What is Enova's (ENVA) loan portfolio size and growth in Q1 2025?
What is ENVA's credit performance in Q1 2025?
How much liquidity does Enova (ENVA) have as of March 31, 2025?
