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Enova's Impressive Financial Performance in 2025

Enova International (NYSE: ENVA) has released its financial results for the fourth quarter and full year ending December 31, 2025. The company showcased remarkable growth across its metrics, solidifying its position within the financial services industry.

In the fourth quarter, Enova achieved a total revenue of $839 million, marking a 15% increase from $730 million in the same period last year. The rise in revenue followed a significant surge in originations, which soared by 32%, totaling $2.3 billion for the quarter. CEO Steve Cunningham expressed his excitement about the solid performance, stating, _“Our fourth quarter results capped off another exceptional year for Enova as growth in originations and strong credit performance significantly contributed to our financial success.”_

The company's net income also showed impressive growth, with a reported $79 million for the quarter, translating to $3.00 per diluted share, which is a 24% increase from the previous year’s figure of $64 million. Adjusted earnings per share (EPS) reached $3.46, a 33% improvement over the prior year’s adjusted EPS of $2.61.

Enova's financial stability has been further emphasized by a strong credit performance. The consolidated net charge-off ratio was stable at 8.3%, with a net revenue margin of 60%, a slight increase from 57% in the fourth quarter of 2024. Additionally, the company experienced a year-over-year improvement in its consolidated 30+ day delinquency ratio, which decreased to 6.7%.

The financial technology firm has also positioned itself robustly in terms of liquidity, with $1.1 billion in cash, marketable securities, and available capacity reported as of December 31, 2025. In line with its commitment to returning value to shareholders, Enova repurchased $35 million of its common stock during the quarter.

Full Year Snapshot

For the full year 2025, Enova reported a total revenue of $3.2 billion, a notable increase of 19% from $2.7 billion in 2024. Accompanying this growth, the net income rose to $308 million, or $11.52 per diluted share, which is a substantial increase of 47% from $209 million in 2024. Adjusted EBITDA reached $821 million, growing by 25% from $657 million the previous year.

CFO Scott Cornelis commented on the performance, stating, _“We were pleased to close 2025 with results that exceeded our expectations, highlighted by strong growth in originations, receivables, and revenue.”_ He underscored the importance of the company’s diversified products, scalable operating model, and world-class risk management capabilities as critical drivers for sustained future growth.

Looking ahead, Enova has announced its strategic acquisition of Grasshopper Bancorp, Inc., which is anticipated to combine its sophisticated online lending platform with Grasshopper’s client-first digital banking services. This merger is expected to enable the company to extend its offerings to more states and provide a wider array of financial products under a national bank charter.

With a robust financial performance and exciting acquisition plans, Enova International is poised for further growth in 2026 and beyond. Investors and stakeholders remain optimistic as they await the closing of the Grasshopper acquisition, which is projected for the second half of 2026,

Conclusion

Enova International stands as a testament to the resilience and adaptability within the financial services sector, focusing on technology-driven solutions to enhance the customer experience while driving profitability and shareholder value. The combination of strong financial metrics, effective risk management, and strategic expansions positions Enova confidently for the future.