Enova International, Inc. reported a revenue increase of 18.6% to $3.15 billion for the fiscal year ended December 31, 2025, compared to $2.66 billion in 2024. Net revenue also saw a rise of 19.7%, reaching $1.83 billion, up from $1.53 billion in the previous year. The company's income from operations increased by 26.5% to $739.4 million, while net income amounted to $308.4 million, resulting in diluted earnings per share of $11.52.
The increase in revenue was primarily driven by a 30.5% increase in revenue from the small business portfolio and a 10.9% increase in revenue from the consumer portfolio. The fair value of the combined loan and finance receivables portfolio was $5.50 billion, with an outstanding principal balance of $4.77 billion. The average amount outstanding per loan increased to $4,830, and the average loan origination amount increased to $1,810.
Operating expenses totaled $1.09 billion, a 15.5% increase from $944.7 million in 2024. Marketing expenses increased by 18.6% to $621.1 million, while operations and technology expenses rose by 15.1% to $258.2 million. General and administrative expenses increased by 8.4% to $169.7 million, and depreciation and amortization expenses increased by 4.0% to $41.8 million. Interest expense, net, increased by 16.8% to $339.3 million.
Enova is planning to acquire Grasshopper Bancorp, Inc. for approximately $369 million, pending regulatory approvals, which is expected to close in the second half of 2026. The company also announced that the Board of Directors authorized a new share repurchase program totaling $400.0 million through June 30, 2027. The company is subject to extensive regulation, including the CFPB's Small Dollar Rule, and is monitoring litigation, rulemaking, and bills related to Section 1071 of the Dodd-Frank Act.
About Enova International, Inc.
Enova International is a technology-driven financial services company specializing in online lending and small business financing. It offers consumer installment loans, lines of credit, and small business loans through proprietary analytics, machine learning, and scalable platforms. Serving underbanked individuals and small businesses primarily in the U.S. and Brazil, Enova emphasizes customer convenience, rapid funding, regulatory compliance, and innovative digital solutions.
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