Enova International, Inc.

Listed Company

ENVACIK 0001529864NYSELarge AcceleratedPersonal Credit InstitutionsDelawareFY ends Dec 31

Period

FY 2025

Revenue

$3.15B

Net Income

$308.39M

Total Assets

$6.47B

Equity

$1.34B

Shares Out

24.88M

Op. Cash Flow

$1.82B

Business

Enova International, Inc. is a technology and analytics company that provides online financial services to consumers and small businesses. It offers unsecured consumer and small business installment loans, consumer and small business lines of credit, a credit services organization program, bank partnership programs, and an international money transfer service under the Pangea brand. The company operates a single reportable segment encompassing its online lending and financing products and supporting services, including proprietary underwriting, fraud prevention and collections. It distributes products primarily online via desktop, mobile and tablet platforms and through bank partners across the United States and Brazil.

Summary from filing dated 2025-02-18

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Revenue	3,152	2,658	2,118	1,736	1,208
Change in Fair Value	−1,321	−1,128	−888	−619	−184
Net Revenue	1,830	1,529	1,230	1,118	1,024
Marketing	621	524	414	383	271
Operations and technology	258	224	195	174	148
General and administrative	170	157	160	140	157
Depreciation and amortization	42	40	38	37	35
Total Operating Expenses	1,091	945	808	734	611
Income from Operations	739	585	422	384	413
Interest expense, net	−339	−290	−195	−116	−77
Foreign currency transaction gain (loss)	367,000	−1	57,000	−645,000	−382,000
Equity method investment income (loss)	2	−16	116,000	6	3
Other nonoperating expenses	−1	−6	−282,000	−1	−2
Income before Income Taxes	401	271	227	273	337
Provision for income taxes	93	62	52	65	80
Net income	308	209	175	207	256
Basic (per share)	12.25	7.78	5.71	6.42	7.05
Diluted (per share)	11.52	7.43	5.49	6.19	6.79
Basic (shares)	25	27	31	32	36
Diluted (shares)	27	28	32	33	38

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Cash and cash equivalents	72	74	54	100	165
Restricted cash	336	249	323	78	60
Loans and finance receivables at fair value	5,472	4,386	3,629	3,019	1,965
Income taxes receivable	41	41	44	44	51
Other receivables and prepaid expenses	81	64	72	66	52
Property and equipment, net	133	120	109	93	78
Operating lease right-of-use asset	17	18	14	19	23
Goodwill	279	279	279	279	279
Intangible assets, net	4	11	19	27	35
Other assets	35	24	42	55	51
Total assets	6,468	5,266	4,586	3,781	2,761
Accounts payable and accrued expenses	306	250	261	198	156
Operating lease liability	32	32	27	34	41
Deferred tax liabilities, net	295	224	113	104	87
Long-term debt	4,498	3,563	2,944	2,259	1,384
Total liabilities	5,132	4,069	3,345	2,595	1,668
Commitments and contingencies (Note 11)	—	—	—	—	—
Common stock, $0.00001 par value, 250,000,000 shares authorized, 47,441,228 and 46,520,916 shares issued and 24,715,608 and 25,808,096 outstanding as of December 31, 2025 and 2024, respectively	0	0	0	0	0
Preferred stock, $0.00001 par value, 25,000,000 shares authorized, no shares issued and outstanding	—	—	—	—	—
Additional paid in capital	370	328	284	252	226
Retained earnings	2,006	1,698	1,488	1,313	1,106
Accumulated other comprehensive loss	−10	−14	−6	−6	−9
Treasury stock, at cost (22,725,620 and 20,712,820 shares as of December 31, 2025 and 2024, respectively)	−1,030	−815	−526	−373	−230
Total stockholders' equity	1,337	1,197	1,240	1,186	1,093
Total liabilities and stockholders' equity	6,468	5,266	4,586	3,781	2,761

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Net income	308	209	175	207	—
Amortization of deferred loan costs and debt discount	17	16	10	6	6
Change in fair value	1,313	1,119	879	612	180
Stock-based compensation expense	33	32	27	22	21
Write-down of equity method investment	—	17	—	—	—
Loss on early extinguishment of debt	1	6	282,000	—	378,000
Operating leases, net	2	1	−1	−4	−4
Deferred income taxes, net	71	113	9	17	39
Finance and service charges on loans and finance receivables	1	−13	−44	−32	−21
Other receivables, prepaid expenses and other assets	−24	13	9	−24	−7
Accounts payable and accrued expenses	35	35	18	−3	18
Current income taxes receivable/payable	21	−49	47	51	−49
Net cash provided by operating activities	1,819	1,539	1,167	894	472
Loans and finance receivables originated or acquired	−7,169	−5,640	−4,315	−4,104	−2,811
Loans and finance receivables repaid	4,770	3,772	2,866	2,473	1,887
Capitalization of software development costs and purchases of fixed assets	−47	−43	−45	−44	−30
Net cash used in investing activities	−2,446	−1,911	−1,495	−1,666	−980
Borrowings under revolving line of credit	1,768	852	423	139	302
Repayments under revolving line of credit	−1,625	−755	−376	−30	−102
Borrowings under securitization facilities	1,686	1,618	1,014	828	547
Repayments under securitization facilities	−896	−1,046	−679	−65	−275
Issuance of senior notes	—	500	396	—	—
Repayments of senior notes	—	−544	−81	—	—
Debt issuance costs paid	−15	−28	−22	−7	−6
Debt prepayment penalty paid	−563,000	—	—	—	—
Proceeds from exercise of stock options	9	12	6	4	15
Treasury shares purchased	−215	−289	−153	−143	−117
Net cash provided by financing activities	712	319	527	725	365
Effect of exchange rates on cash	39,000	−1	287,000	−77,000	34,000
Net increase (decrease) in cash, cash equivalents and restricted cash	85	−55	199	−47	−143

Filings

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