Enova International, Inc. reported significant financial growth in its latest quarterly results, with total revenue reaching $745.5 million for the three months ended March 31, 2025, a 22.2% increase from $609.9 million in the same period last year. The company's net revenue also saw a substantial rise, climbing to $426.2 million from $345.9 million, driven by increased loan originations and a growing customer base. Net income surged by 50.6% to $72.9 million, translating to diluted earnings per share of $2.69, compared to $1.64 in the prior year.
The company experienced notable changes in its operational metrics, with loans and finance receivables revenue increasing to $735.4 million, up from $601.2 million. This growth was attributed to a 28.8% increase in revenue from small business loans and a 18.1% increase from consumer loans. Enova's total loans and finance receivables at fair value reached $4.57 billion, compared to $3.80 billion a year earlier, reflecting a robust demand for its financial products. The company also reported a slight increase in the percentage of loans greater than 30 days delinquent, which rose to 8.2% from 6.9% year-over-year, primarily due to a higher proportion of new customer originations.
Strategically, Enova has continued to expand its market presence, offering services in 37 states in the U.S. and Brazil. The company has also enhanced its product offerings, including consumer installment loans and lines of credit, which have been well-received by customers. As of March 31, 2025, Enova had approximately 25.4 million shares outstanding, reflecting its ongoing commitment to shareholder value through stock repurchase programs, which totaled $62.7 million in the first quarter.
Looking ahead, Enova's management expressed confidence in the company's growth trajectory, supported by its advanced technology and analytics capabilities. The company plans to continue leveraging its proprietary underwriting systems and machine learning models to optimize loan performance and customer satisfaction. However, management also acknowledged potential risks, including regulatory changes and market conditions that could impact future performance. The company remains focused on maintaining a flexible balance sheet to ensure liquidity and funding for its operations.
About Enova International, Inc.
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