Enova Reports Third Quarter 2026 Results

Higher lending volume and a lower net charge-off ratio accompanied earnings growth, while debt and interest expense increased.

Rhea-AI Summary

Enova International (ENVA) reported third-quarter 2026 revenue of $1.01 billion, up 26% from the third quarter of 2025. Net income rose 34% to $107 million, with diluted earnings per share increasing to $4.06 from $3.03. Adjusted earnings per share, a non-GAAP measure, increased 33% to $4.48.

Originations rose 31% year over year to $2.6 billion, while combined loans and finance receivables increased 30% to $5.9 billion. Net revenue margin reached 61%, versus 57% a year earlier, and the net charge-off ratio declined to 8.1% from 8.5%. Liquidity, including available facility capacity, totaled $1.3 billion at September 30. Enova repurchased $46 million of stock and entered the fourth quarter with $252 million of repurchase capacity. Long-term debt reached $5.377 billion, versus $4.106 billion a year earlier, and quarterly net interest expense increased to $103.501 million from $86.954 million.

17 points · 0 major

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Positive

• Moderate pointThird-quarter revenue increased 26% year over year to $1.01 billion.
• Moderate pointThird-quarter net income rose 34% year over year to $107 million; diluted EPS increased to $4.06 from $3.03.
• Moderate pointOriginations rose 31% year over year to $2.6 billion in the third quarter.
• Moderate pointCombined loans and finance receivables increased 30% year over year to $5.9 billion.
• Moderate pointNet revenue margin increased to 61% from 57% in the third quarter of 2025.
• Moderate pointNet charge-off ratio declined to 8.1% from 8.5% in the third quarter of 2025.
• Moderate pointAdjusted EPS, a non-GAAP measure, rose 33% year over year to $4.48.
• Moderate pointAdjusted EBITDA, a non-GAAP earnings measure, increased 23% year over year to $269 million.
• Moderate pointThird-quarter operating income increased to $247.212 million from $196.775 million a year earlier.
• Moderate pointNine-month operating cash flow increased to $1,554.189 million from $1,320.310 million in the comparable 2025 period.
• Moderate pointStockholders’ equity increased to $1,568.626 million at September 30 from $1,283.675 million a year earlier.

6 minor points

• Minor pointLiquidity totaled $1.3 billion at September 30, including cash, marketable securities and available facility capacity.
• Minor pointShare repurchases totaled $46 million; available repurchase capacity entering the fourth quarter was $252 million.
• Minor pointNine-month revenue increased to $2,813.241 million from $2,312.262 million in the comparable 2025 period.
• Minor pointNine-month net income increased to $303.461 million from $229.408 million; diluted EPS rose to $11.49 from $8.53.
• Minor pointCash and cash equivalents increased to $105.957 million at September 30 from $53.600 million a year earlier.
• Minor pointThird-quarter depreciation and amortization decreased to $10.616 million from $12.356 million a year earlier.

Negative

• Moderate pointLong-term debt increased to $5,376.881 million at September 30 from $4,106.471 million a year earlier.
• Moderate pointThird-quarter net interest expense increased to $103.501 million from $86.954 million a year earlier.
• Moderate pointThird-quarter marketing expense increased to $229.680 million from $147.351 million a year earlier.
• Moderate pointThird-quarter operations and technology expense increased to $80.690 million from $64.564 million a year earlier.
• Moderate pointNine-month lending-related investing outflows increased to $2,188.170 million from $1,607.528 million in the comparable 2025 period.

2 minor points

• Minor pointThird-quarter general and administrative expense increased to $46.161 million from $39.661 million a year earlier.
• Minor pointNine-month net interest expense increased to $295.365 million from $250.279 million in the comparable 2025 period.

Key Figures

Revenue: $1.01 billion; +26% Diluted EPS: $4.06; +34% Adjusted EPS: $4.48; +33% +5 more

Revenue

$1.01 billion; +26%

Third quarter 2026 versus third quarter 2025

Diluted EPS

$4.06; +34%

Third quarter 2026 versus third quarter 2025

Adjusted EPS

$4.48; +33%

Third quarter 2026 versus third quarter 2025

Originations

$2.6 billion; +31%

Third quarter 2026; growth versus third quarter 2025

Net revenue margin

61% versus 57%

Third quarter 2026 versus third quarter 2025

Net charge-off ratio

8.1% versus 8.5%

Third quarter 2026 versus third quarter 2025

Liquidity

$1.3 billion

At September 30, including cash, marketable securities, and available facility capacity

Common stock repurchased

$46 million

Third quarter 2026

Previous Earnings Reports

5 past events · Latest: Jul 23

Same Type 5 events

1. Jul 23

   Quarterly earnings

   24h Move

   +8.9%

   Revenue rose 22%, diluted EPS increased 40%, and credit metrics improved.

2. Apr 23

   Quarterly earnings

   24h Move

   -1.6%

   Revenue rose 17%, diluted EPS increased 25%, and adjusted EPS grew 30%.

3. Jan 27

   Quarterly earnings

   24h Move

   +1.0%

   Q4 revenue rose 15%, diluted EPS grew 30%, and loans reached $4.9 billion.

4. Oct 23

   Quarterly earnings

   24h Move

   +9.4%

   Revenue rose 16%, diluted EPS grew 93%, and adjusted EBITDA increased 27% year over year.

5. Jul 24

   Quarterly earnings

   24h Move

   -5.3%

   Revenue rose 22%, diluted EPS increased 48%, and originations grew 28%.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

net charge-off ratio, fair value premium, adjusted ebitda, non-gaap measure

4 terms

net charge-off ratio financial

"the consolidated net charge-off ratio decreasing to 8.1% from 8.5%"

The net charge-off ratio measures the portion of a lender’s loans that were written off as uncollectible after subtracting any later recoveries, divided by the average loan balance over the same period and shown as a percentage. It tells investors how many loans are effectively going bad — like the share of rotten fruit in a basket — and helps assess a lender’s credit quality, potential future losses and pressure on profits and reserves.

fair value premium financial

"Sequential stability in the consolidated fair value premium"

The fair value premium is the amount by which a security’s market price exceeds an independent estimate of its ‘fair’ value — the price a rational buyer would pay based on fundamentals. For investors, a larger premium is like paying above sticker price for a car: it signals higher valuation risk and lower expected returns unless future performance justifies the extra cost.

adjusted ebitda financial

"Adjusted EBITDA1 of $269 million increased 23%"

Adjusted EBITDA is a way companies measure how much money they make from their core operations, like running a business, by removing certain costs or income that aren’t part of regular business activities. It helps investors see how well a company is doing without distractions from unusual expenses or gains, making it easier to compare companies or track performance over time.

non-gaap measure financial

"1 Non-GAAP measure."

A non-GAAP measure is a company-crafted financial metric that adjusts or excludes items from standard accounting numbers to highlight what management sees as the business’s core performance. Investors use these figures like a filtered photo to reveal trends or cash flow drivers that raw accounting totals might hide, but because companies decide which items to remove, these measures should be compared with standard statements to avoid being misled.

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• Originations rose 31% and total company revenue increased 26% from the third quarter of 2025.
• Diluted earnings per share of $4.06 increased 34% and adjusted earnings per share¹ of $4.48 rose 33% compared to the third quarter of 2025.
• Credit performance remained strong, with a sequentially stable net revenue margin and the consolidated net charge-off ratio decreasing to 8.1% from 8.5% from the third quarter of 2025.
• Sequential stability in the consolidated fair value premium reflects continued stable credit performance and outlook.
• Liquidity, including cash and marketable securities and available capacity on facilities, totaled $1.3 billion at September 30.
• Repurchased $46 million of common stock and started the fourth quarter with $252 million of available share repurchase capacity.

CHICAGO, Oct. 22, 2026 /PRNewswire/ -- Enova International (NYSE: ENVA), a leading financial services company powered by machine learning and world-class analytics, today announced financial results for the third quarter ended September 30, 2026. 

"We're pleased to deliver another quarter of strong financial results, driven by healthy demand and stable credit, as consolidated originations, receivables, revenue and adjusted EPS all grew 25% or more year-over-year," said Steve Cunningham, Enova's CEO. "We've built a high growth, highly profitable and resilient business at Enova serving large, fragmented markets with diversified products powered by our online-only business model, world-class technology and risk management, talented team and competitive funding capabilities. Our future is bright, and our focused growth strategy has us well positioned to continue delivering on our commitment to driving long-term shareholder value while meeting our mission of helping hardworking people get access to fast, trustworthy credit."

Third Quarter 2026 Summary

• Total revenue of $1.01 billion increased 26% from $803 million in the third quarter of 2025.
• Net revenue margin of 61% compared to 57% in the third quarter of 2025, reflecting continued solid credit performance.
• Net income of $107 million, or $4.06 per diluted share, increased 34% from $80 million, or $3.03 per diluted share, in the third quarter of 2025.
• Adjusted EBITDA¹ of $269 million increased 23% from $218 million in the third quarter of 2025.
• Adjusted earnings per share¹ of $4.48 increased 33% from $3.36 in the third quarter of 2025.
• Total company combined loans and finance receivables¹ increased 30% from the end of the third quarter of 2025 to a record $5.9 billion with total company originations of $2.6 billion in the quarter.

"We're pleased to deliver another quarter of top- and bottom-line financial performance that exceeded our expectations, including revenue of $1 billion during a quarter for the first time in our history," said Scott Cornelis, CFO of Enova. "Our financial and credit consistency supported strong execution in the capital markets during the quarter, and our competitive funding costs and solid liquidity position have us well positioned to deliver on our commitment to driving 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 third quarter 2026 results at 4 p.m. Central Time / 5 p.m. Eastern Time today, October 22nd. 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 U.S. dial-in for the call is 1-855-560-2575 (1-412-542-4161 for non-U.S. callers). Please ask to join the Enova International call. A replay of the conference call will be available until October 29, 2026, at 10:59 p.m. Central Time / 11:59 p.m. Eastern Time, while an archived version of the webcast will be available on the Enova International Investor Relations website for 90 days. The U.S. dial-in for the conference call replay is 1-855-669-9658 (1-412-317-0088). The replay access code is 9232664.

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 $74 billion in loans and financing to more than 16 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 businesses 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.

Non-GAAP Financial Measures

In addition to the financial information prepared in conformity with generally accepted accounting principles in the United States, or GAAP, Enova provides historical non-GAAP financial information. Enova presents non-GAAP financial information because such measures are used by management in understanding the activities and business metrics of Enova's operations. Management believes that these non-GAAP financial measures reflect an additional way of viewing aspects of Enova's business that, when viewed with its GAAP results, provide a more complete understanding of factors and trends affecting its business.

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)
		September 30,								December 31,
		2026				2025				2025
Assets
Cash and cash equivalents		$	105,957			$	53,600			$	71,709
Restricted cash			390,443				303,365				336,154
Loans and finance receivables at fair value			6,595,967				5,012,853				5,471,544
Income taxes receivable			29,267				55,124				40,901
Other receivables and prepaid expenses			97,353				76,941				80,870
Property and equipment, net			141,386				128,690				132,566
Operating lease right-of-use assets			15,684				17,167				16,549
Goodwill			279,275				279,275				279,275
Intangible assets, net			1,891				4,910				3,660
Other assets			38,304				30,312				35,204
Total assets		$	7,695,527			$	5,962,237			$	6,468,432
Liabilities and Stockholders' Equity
Accounts payable and accrued expenses		$	349,170			$	252,914			$	305,849
Operating lease liabilities			32,489				32,247				32,041
Deferred tax liabilities, net			368,361				286,930				295,437
Long-term debt			5,376,881				4,106,471				4,498,381
Total liabilities			6,126,901				4,678,562				5,131,708
Commitments and contingencies
Stockholders' equity:
Common stock, $0.00001 par value, 250,000,000 shares authorized, 48,061,707, 47,330,541 and 47,441,228 shares issued and 24,713,804, 24,883,481 and 24,715,608 outstanding as of September 30, 2026 and 2025 and December 31, 2025, respectively			—				—				—
Preferred stock, $0.00001 par value, 25,000,000 shares authorized, no shares issued and outstanding			—				—				—
Additional paid in capital			401,473				359,054				370,078
Retained earnings			2,309,604				1,927,162				2,006,143
Accumulated other comprehensive loss			(6,806)				(7,872)				(9,500)
Treasury stock, at cost (23,347,903, 22,447,060 and 22,725,620 shares as of September 30, 2026 and 2025 and December 31, 2025, respectively)			(1,135,645)				(994,669)				(1,029,997)
Total stockholders' equity			1,568,626				1,283,675				1,336,724
Total liabilities and stockholders' equity		$	7,695,527			$	5,962,237			$	6,468,432

 

ENOVA INTERNATIONAL, INC. AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF INCOME (in thousands, except per share data) (Unaudited)
		Three Months Ended								Nine Months Ended
		September 30,								September 30,
		2026				2025				2026				2025
Revenue		$	1,009,172			$	802,678			$	2,813,241			$	2,312,262
Change in Fair Value			(394,813)				(341,971)				(1,101,857)				(983,915)
Net Revenue			614,359				460,707				1,711,384				1,328,347
Operating Expenses
Marketing			229,680				147,351				622,652				429,490
Operations and technology			80,690				64,564				231,305				190,674
General and administrative			46,161				39,661				138,019				122,633
Depreciation and amortization			10,616				12,356				27,943				32,765
Total Operating Expenses			367,147				263,932				1,019,919				775,562
Income from Operations			247,212				196,775				691,465				552,785
Interest expense, net			(103,501)				(86,954)				(295,365)				(250,279)
Foreign currency transaction (loss) gain			(901)				90				(957)				(228)
Equity method investment income			664				258				1,303				991
Other nonoperating expenses			(632)				—				(632)				(1,019)
Income before Income Taxes			142,842				110,169				395,814				302,250
Provision for income taxes			35,538				29,855				92,353				72,842
Net income		$	107,304			$	80,314			$	303,461			$	229,408
Earnings Per Share
Earnings per common share:
Basic		$	4.31			$	3.22			$	12.20			$	9.07
Diluted		$	4.06			$	3.03			$	11.49			$	8.53
Weighted average common shares outstanding:
Basic			24,875				24,955				24,877				25,307
Diluted			26,434				26,472				26,409				26,881

 

ENOVA INTERNATIONAL, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOW (dollars in thousands) (Unaudited)
		Nine Months Ended September 30,
		2026				2025
Total cash flows provided by operating activities		$	1,554,189			$	1,320,310
Cash flows from investing activities
Loans and finance receivables			(2,188,170)				(1,607,528)
Capitalization of software development costs and purchases of fixed assets			(34,989)				(35,444)
Total cash flows used in investing activities			(2,223,159)				(1,642,972)
Cash flows provided by financing activities			757,857				356,731
Effect of exchange rates on cash, cash equivalents and restricted cash			(350)				228
Net increase in cash, cash equivalents and restricted cash			88,537				34,297
Cash, cash equivalents and restricted cash at beginning of year			407,863				322,668
Cash, cash equivalents and restricted cash at end of period		$	496,400			$	356,965

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 September 30, 2026 and 2025.

Three Months Ended September 30,		2026				2025				Change
Ending combined loan and finance receivable principal balance:
Company owned		$	5,690,329			$	4,344,901			$	1,345,428
Guaranteed by the Company(a)			16,758				17,301				(543)
Total combined loan and finance receivable principal balance(b)		$	5,707,087			$	4,362,202			$	1,344,885
Ending combined loan and finance receivable fair value balance:
Company owned		$	6,595,967			$	5,012,853			$	1,583,114
Guaranteed by the Company(a)			27,619				24,372				3,247
Ending combined loan and finance receivable fair value balance(b)		$	6,623,586			$	5,037,225			$	1,586,361
Fair value as a % of principal(c)			116.1	%			115.5	%			0.6	%
Ending combined loan and finance receivable balance, including principal and accrued fees/interest outstanding:
Company owned		$	5,877,741			$	4,500,360			$	1,377,381
Guaranteed by the Company(a)			20,135				20,750				(615)
Ending combined loan and finance receivable balance(b)		$	5,897,876			$	4,521,110			$	1,376,766
Average combined loan and finance receivable balance, including principal and accrued fees/interest outstanding:
Company owned(d)		$	5,708,899			$	4,407,476			$	1,301,423
Guaranteed by the Company(a)(d)			22,120				20,881				1,239
Average combined loan and finance receivable balance(a)(d)		$	5,731,019			$	4,428,357			$	1,302,662
Installment loans as percentage of average combined loan and finance receivable balance			42.4	%			44.2	%			(1.8)	%
Line of credit accounts as percentage of average combined loan and finance receivable balance			57.6	%			55.8	%			1.8	%
Revenue		$	995,857			$	791,723			$	204,134
Change in fair value			(392,776)				(339,872)				(52,904)
Net revenue		$	603,081			$	451,851			$	151,230
Net revenue margin			60.6	%			57.1	%			3.5	%
Combined loan and finance receivable originations and purchases		$	2,567,480			$	1,961,439			$	606,041
Delinquencies:
>30 days delinquent		$	473,633			$	327,387			$	146,246
>30 days delinquent as a % of combined loan and finance receivable balance(c)			8.0	%			7.2	%			0.8	%
Charge-offs:
Charge-offs (net of recoveries)		$	462,457			$	377,811			$	84,646
Charge-offs (net of recoveries) as a % of average combined loan and finance receivable balance(d)			8.1	%			8.5	%			(0.4)	%

(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								Nine Months Ended
		September 30,								September 30,
		2026				2025				2026				2025
Net income		$	107,304			$	80,314			$	303,461			$	229,408
Adjustments:
Transaction-related costs(a)			1,389				—				5,521				—
Equity method investment income			(664)				(258)				(1,303)				(991)
Other nonoperating expenses(b)			632				—				632				1,019
Intangible asset amortization			260				2,014				1,769				6,041
Stock-based compensation expense			9,422				8,535				26,878				24,577
Foreign currency transaction loss (gain)			901				(90)				957				228
Cumulative tax effect of adjustments			(759)				(1,692)				(4,231)				(4,668)
Adjusted earnings		$	118,485			$	88,823			$	333,684			$	255,614
Diluted earnings per share		$	4.06			$	3.03			$	11.49			$	8.53
Adjusted earnings per share		$	4.48			$	3.36			$	12.64			$	9.51
Adjusted EBITDA
		Three Months Ended								Nine Months Ended
		September 30,								September 30,
		2026				2025				2026				2025
Net income		$	107,304			$	80,314			$	303,461			$	229,408
Depreciation and amortization expenses			10,616				12,356				27,943				32,765
Interest expense, net			103,501				86,954				295,365				250,279
Foreign currency transaction loss (gain)			901				(90)				957				228
Provision for income taxes			35,538				29,855				92,353				72,842
Stock-based compensation expense			9,422				8,535				26,878				24,577
Adjustments:
Transaction-related costs(a)			1,389				—				5,521				—
Equity method investment income			(664)				(258)				(1,303)				(991)
Other nonoperating expenses(b)			632				—				632				1,019
Adjusted EBITDA		$	268,639			$	217,666			$	751,807			$	610,127
Adjusted EBITDA margin calculated as follows:
Total Revenue		$	1,009,172			$	802,678			$	2,813,241			$	2,312,262
Adjusted EBITDA			268,639				217,666				751,807				610,127
Adjusted EBITDA as a percentage of total revenue			26.6	%			27.1	%			26.7	%			26.4	%

(a)

In the first, second and third quarters of 2026, the Company recorded $1.4 million ($1.0 million net of tax), $2.7 million ($2.0 million net of tax) and $1.4 million ($1.1 million net of tax), respectively, of costs related to the planned acquisition of Grasshopper Bancorp, Inc. and its wholly-owned subsidiary Grasshopper Bank.

(b)

In the third quarter of 2026 and second quarter of 2025, the Company recorded other nonoperating expense of $0.6 million ($0.5 million net of tax) and $1.0 million ($0.8 million net of tax), respectively, related to the early extinguishment of debt.

 

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SOURCE Enova International, Inc.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What were Enova’s third-quarter 2026 revenue and earnings?

Enova reported $1.01 billion in revenue and $4.06 in diluted earnings per share for the third quarter of 2026. Revenue increased 26% from the third quarter of 2025. Net income increased 34% to $107 million, while adjusted earnings per share, a non-GAAP measure, rose 33% to $4.48.

How did Enova’s credit performance change in the third quarter of 2026?

Enova’s consolidated net charge-off ratio declined to 8.1% from 8.5% in the third quarter of 2025. Net revenue margin increased to 61% from 57% a year earlier and remained stable sequentially. The consolidated fair value premium also remained stable sequentially.