ENVA

MKT CAP:$4B

Enova International, Inc.

Market Cap

$4B

Financial Services·Financial - Credit Services·🇺🇸 United States·NYSE

Financials·Financial·🇺🇸·NYSE

Stock Price

$167.89+$5.93 (+3.66%)

Apr 22, 2026

Company Details

Enova International, Inc., a technology and analytics company, provides online financial services in the United States, Brazil, Australia, and Canada. The company offers installment loans; line of credit accounts; receivables purchase agree...

CEO

Steven E. Cunningham

IPO Date

Nov 13, 2014

Website

www.enova.com

Key Metrics TTM

Revenue

$3.3B

+17.5% YoY

Net Income

$327M

EPS (Diluted)

$12.35

Free Cash Flow

$1.9B

Revenue / Share

$124.53

Gross Margin

37.6%

Operating Margin

23.6%

Net Margin

10.0%

FCF Margin

56.6%

P/S

1.3x

P/E

12.7x

Earnings Reports

Q1 2026

Apr 23, 2026

NEW

$875M+17.4%EPS $3.46

FY 2025

Feb 20, 2026

$3.2B+18.6%EPS $11.58

Q4 2025

Feb 20, 2026

$839M+15.1%EPS $3.00

Q3 2025

Oct 24, 2025

$803M+16.3%EPS $3.03

Q2 2025

Jul 25, 2025

$764M+21.6%EPS $2.86

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q2 22	$408M	$240M	$89M
Q3 22	$456M	$263M	$99M
Q4 22	$486M	$290M	$105M
Q1 23	$483M	$243M	$109M
Q2 23	$499M	$254M	$112M
Q3 23	$551M	$271M	$104M
Q4 23	$584M	$268M	$98M
Q1 24	$610M	$280M	$131M
Q2 24	$628M	$299M	$145M
Q3 24	$690M	$323M	$154M
Q4 24	$730M	$336M	$155M
Q1 25	$746M	$346M	$172M
Q2 25	$764M	$359M	$184M
Q3 25	$803M	$374M	$197M
Q4 25	$839M	$502M	$187M
Q1 26	$875M	$0	$207M

Valuation

Quarter	P/S	P/E
Q2 22	0.7x	4.7x
Q3 22	0.6x	4.6x
Q4 22	0.7x	5.8x
Q1 23	0.7x	6.6x
Q2 23	0.9x	8.2x
Q3 23	0.7x	7.8x
Q4 23	0.7x	9.0x
Q1 24	0.7x	9.6x
Q2 24	0.7x	9.2x
Q3 24	0.9x	12.1x
Q4 24	1.0x	12.1x
Q1 25	0.9x	10.5x
Q2 25	1.0x	10.9x
Q3 25	1.0x	10.4x
Q4 25	1.3x	13.2x
Q1 26	1.0x	10.0x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q2 22	$239M	$225M
Q3 22	$233M	$223M
Q4 22	$269M	$259M
Q1 23	$282M	$272M
Q2 23	$299M	$289M
Q3 23	$271M	$258M
Q4 23	$314M	$302M
Q1 24	$349M	$337M
Q2 24	$361M	$350M
Q3 24	$399M	$388M
Q4 24	$431M	$420M
Q1 25	$391M	$378M
Q2 25	$447M	$436M
Q3 25	$482M	$470M
Q4 25	$499M	$487M
Q1 26	$475M	$464M

Capital Expenditures

Quarter	CapEx
Q2 22	$13M
Q3 22	$10M
Q4 22	$10M
Q1 23	$10M
Q2 23	$10M
Q3 23	$13M
Q4 23	$12M
Q1 24	$11M
Q2 24	$11M
Q3 24	$11M
Q4 24	$10M
Q1 25	$13M
Q2 25	$11M
Q3 25	$11M
Q4 25	$12M
Q1 26	$11M

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q2 22	+54.1%	+124.3%
Q3 22	+42.5%	+52.9%
Q4 22	+33.7%	+34.6%
Q1 23	+25.3%	+26.8%
Q2 23	+22.4%	+21.8%
Q3 23	+20.9%	+25.1%
Q4 23	+20.0%	+27.6%
Q1 24	+26.2%	+28.1%
Q2 24	+25.8%	+24.6%
Q3 24	+25.1%	+19.8%
Q4 24	+25.0%	+18.2%
Q1 25	+22.2%	+19.7%
Q2 25	+21.6%	+20.0%
Q3 25	+16.3%	+13.0%
Q4 25	+15.1%	+13.6%
Q1 26	+17.4%	+16.5%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q2 22	$5M	1.3%
Q3 22	$5M	1.2%
Q4 22	$6M	1.2%
Q1 23	$6M	1.2%
Q2 23	$6M	1.2%
Q3 23	$7M	1.3%
Q4 23	$7M	1.3%
Q1 24	$8M	1.3%
Q2 24	$8M	1.2%
Q3 24	$8M	1.2%
Q4 24	$8M	1.1%
Q1 25	$8M	1.1%
Q2 25	$8M	1.1%
Q3 25	$9M	1.1%
Q4 25	$0	0.0%
Q1 26	$0	0.0%

OpEx Breakdown

Quarter	R&D	G&A	S&M
Q2 22	—	$34M	$92M
Q3 22	—	$37M	$101M
Q4 22	—	$35M	$97M
Q1 23	—	$37M	$80M
Q2 23	—	$36M	$96M
Q3 23	—	$38M	$117M
Q4 23	—	$49M	$122M
Q1 24	—	$40M	$111M
Q2 24	—	$40M	$121M
Q3 24	—	$39M	$141M
Q4 24	—	$38M	$151M
Q1 25	—	$42M	$139M
Q2 25	—	$41M	$143M
Q3 25	—	$40M	$147M
Q4 25	$68M	$47M	$192M
Q1 26	—	$48M	$189M

Revenue by Geography

Quarter	Other International Countries	United States
Q2 22	$3M	$405M
Q3 22	$3M	$453M
Q4 22	$3M	$483M
Q1 23	$4M	$479M
Q2 23	$6M	$493M
Q3 23	$9M	$542M
Q4 23	$11M	$573M
Q1 24	$12M	$598M
Q2 24	$13M	$615M
Q3 24	$13M	$677M
Q1 25	$18M	$728M
Q2 25	$19M	$745M
Q3 25	$21M	$782M
Q4 25	—	$818M

War Chest

Quarter	Cash	Short-term Investments	Total
Q2 22	$144M	$0	$144M
Q3 22	$88M	$0	$88M
Q4 22	$100M	$0	$100M
Q1 23	$98M	$0	$98M
Q2 23	$100M	$0	$100M
Q3 23	$63M	$0	$63M
Q4 23	$377M	$0	$377M
Q1 24	$76M	$0	$76M
Q2 24	$60M	$0	$60M
Q3 24	$68M	$0	$68M
Q4 24	$74M	$0	$74M
Q1 25	$56M	$0	$56M
Q2 25	$56M	$0	$56M
Q3 25	$54M	$0	$54M
Q4 25	$72M	$0	$72M
Q1 26	$96M	$0	$96M

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q2 22	33M	-4.0%	-12.2%
Q3 22	33M	-1.5%	-13.2%
Q4 22	33M	-1.0%	-12.6%
Q1 23	33M	+0.3%	-6.2%
Q2 23	32M	-1.6%	-3.8%
Q3 23	32M	-0.9%	-3.2%
Q4 23	31M	-3.2%	-5.3%
Q1 24	30M	-4.5%	-9.8%
Q2 24	28M	-5.3%	-13.2%
Q3 24	28M	-0.8%	-13.1%
Q4 24	28M	-0.2%	-10.4%
Q1 25	27M	-2.0%	-8.1%
Q2 25	27M	-0.2%	-3.1%
Q3 25	26M	-2.2%	-4.5%
Q4 25	26M	-0.4%	-4.7%
Q1 26	26M	-0.0%	-2.8%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q2 22	$278.9K	1K
Q3 22	$311.8K	1K
Q4 22	$269.5K	2K
Q1 23	$267.9K	2K
Q2 23	$276.8K	2K
Q3 23	$305.6K	2K
Q4 23	$348.4K	2K
Q1 24	$364.1K	2K
Q2 24	$375.2K	2K
Q3 24	$411.9K	2K
Q4 24	$408.3K	2K
Q1 25	$417.2K	2K
Q2 25	$427.6K	2K
Q3 25	$449.2K	2K
Q4 25	$457.2K	2K
Q1 26	$476.7K	2K

Revenue / Employee