Enova International, Inc.

enova.com

What Do They Do?

Provides installment loans and lines of credit to consumers and small businesses, and money transfers for customers sending funds from the United States to Latin America and Asia.

How Do They Make Money?

Consumers and small businesses repay loans with interest and fees over the loan term; line-of-credit customers pay draw fees when they take funds and interest or statement fees over time. Enova also charges some loan origination fees when loans are made and earns fees over the loan term for arranging and guaranteeing some consumer loans.

FY2025 revenue

Who Are Their Customers?

Consumers and small businesses can apply directly through Enova's websites and apps or via lead providers, brokers and affiliates; some loans are arranged with bank partners. Money-transfer customers use Pangea's website or apps.

Do Revenues Turn Into Profits?

Yes. It kept 10 cents of every revenue dollar as net income in FY2025 and turned 56 cents into free cash flow.

Operating income, FY2025

23% of revenue

▲ +26% vs FY2024 ($584.8M, 22%)

Net income, FY2025

10% of revenue

▲ +47% vs FY2024 ($209.4M, 8%)

Free cash flow, FY2025

56% of revenue

▲ +19% vs FY2024 ($1.5B, 56%)

How Are They Changing?

Since the FY2025 annual report

Latest quarter: Q3 FY2026, the three months to Sep 30, 2026

Revenue: ▲ +26%; vs $802.7M in Q3 FY2025
Net income: ▲ +34%; vs $80.3M in Q3 FY2025

Sep 14, 2026 Enova withdrew regulatory applications for the Grasshopper acquisition It reaffirmed full-year revenue growth of 20% to 25% and adjusted earnings-per-share growth of 30% to 35%.
Jul 23, 2026 Enova raised its outlook after second-quarter results

Growing. Revenue grew 2.6x in 4 years, from $1.2B in FY2021 to $3.2B in FY2025, about 27% a year.

Brazilian lending arrangement The older report says Enova arranged Brazilian consumer installment loans for a third-party lender; the latest report describes a Brazilian bank program whose loans Enova purchases after origination.

Small-business financing products The older report included receivables purchase agreements among its small-business products; the latest report describes installment loans and lines of credit as its financing products.

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