{"success":true,"data":{"pressRelease":{"id":"97336","rtpr_id":"nPn13mn7Pa","ticker":"ENVA","exchange":"NYSE","all_tickers":["ENVA"],"title":"Enova Reports Second Quarter 2026 Results","author":"PR Newswire","published_at":"2026-07-23T20:16:00.064Z","article_body":"Enova Reports Second Quarter 2026 Results\n\nPR Newswire\n\nCHICAGO, July 23, 2026\n\n * Originations rose 27% and total company revenue increased 22% from the second\nquarter of 2025.\n * Diluted earnings per share of $4.00 increased 40% and adjusted earnings per\nshare(1) of $4.31 rose 33% compared to the second quarter of 2025.\n * Credit performance remained strong, with the consolidated net charge-off ratio\ndecreasing to 7.3% and the net revenue margin improving to 61%.\n * Sequential stability in the consolidated 30+ day delinquency ratio and fair\nvalue premium reflect a continued stable credit performance and outlook.\n * Liquidity, including cash and marketable securities and available capacity on\nfacilities, totaled $929 million at June 30.\nCHICAGO, July 23, 2026 /PRNewswire/ -- Enova International (NYSE: ENVA), a\nleading financial services company powered by machine learning and world-class\nanalytics, today announced financial results for the second quarter ended\nJune 30, 2026.\n\n\"Healthy originations growth and strong credit performance drove our eighth\nconsecutive quarter of year-over-year adjusted EPS growth of 30% or more,\"\nsaid Steve Cunningham, Enova's CEO. \"We are excited to build upon our proven\ncapabilities with the planned acquisition of Grasshopper Bank. We remain in a\nconstructive dialogue with regulators as they continue their application\nreview process, and we look forward to closing later this year to begin\nimmediately delivering on the significant transaction synergies.\"\n\nSecond Quarter 2026 Summary\n\n * Total revenue of $929 million increased 22% from $764 million in the second\nquarter of 2025.\n * Net revenue margin of 61% compared to 58% in the second quarter of 2025,\nreflecting continued solid credit performance.\n * Net income of $105 million, or $4.00 per diluted share, increased 38% from\n$76 million, or $2.86 per diluted share, in the second quarter of 2025.\n * Adjusted EBITDA(1) of $256 million increased 26% from $203 million in the\nsecond quarter of 2025.\n * Adjusted earnings per share(1) of $4.31 increased 33% from $3.23 in the\nsecond quarter of 2025.\n * Total company combined loans and finance receivables(1) increased 28% from\nthe end of the second quarter of 2025 to a record $5.5 billion with total\ncompany originations of $2.3 billion in the quarter.\n * Repurchased $19 million of common stock under the company's share repurchase\nprogram.\n\"Our second quarter results exceeded our expectations on both the top and\nbottom line and reflect the strength of our talented team, diversified product\nofferings, scalable operating model and world-class risk management\ncapabilities,\" said Scott Cornelis, CFO of Enova. \"Based on what we are seeing\ntoday we're raising our outlook for the year and we remain focused on\ncontinuing to generate sustainable and profitable growth while delivering on\nour commitment to driving long-term shareholder value and on our mission of\nhelping hardworking people get access to fast, trustworthy credit.\"\n _________________________\n (1) Non-GAAP measure. Refer to \"Non-GAAP Financial Measures,\" \"Loans and\n Finance Receivables Financial and Operating Data,\" and \"Reconciliation of\n GAAP to Non-GAAP Financial Measures\" below for additional information.\n\nConference Call\n\nEnova will host a conference call to discuss its second quarter 2026 results\nat 4 p.m. Central Time / 5 p.m. Eastern Time today, July 23(rd). The live\nwebcast of the call can be accessed at the Enova Investor Relations website\nat http://ir.enova.com\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4737826-1&h=3509068660&u=https%3A%2F%2Furl.avanan.click%2Fv2%2F___http%3A%2F%2Fir.enova.com%2F___.YXAzOmJsdWVzaGlydDphOm86NjBlYTcyMTQxZDc0ZmYwMmZiYzI5ZDYwNGE4ZDlkNTM6Njo2MWVmOjVmOWQxZWFmNmVmNzAzYmUxNjQ1YzI1ZThmMDgyMzhhOWU5NWZlYmM3MGNiNDFjMTEyNjY4YTRmNGI1OWE3Y2M6cDpU&a=http%3A%2F%2Fir.enova.com)\n, along with the company's earnings press release and supplemental financial\ninformation. The U.S. dial-in for the call is 1-855-560-2575 (1-412-542-4161\nfor non-U.S. callers). Please ask to join the Enova International call. A\nreplay of the conference call will be available until July 30, 2026, at 10:59\np.m. Central Time / 11:59 p.m. Eastern Time, while an archived version of the\nwebcast will be available on the Enova International Investor Relations\nwebsite for 90 days. The U.S. dial-in for the conference call replay is\n1-855-669-9658 (1-412-317-0088). The replay access code is 9822269.\n\nAbout Enova\n\nEnova International (NYSE: ENVA) is a leading online financial services\ncompany that serves small businesses and consumers who are underserved by\ntraditional banks. For over 20 years, Enova has provided over $72 billion in\nloans and financing to more than 15 million customers by offering a suite of\nmarket-leading products powered by the company's world-class analytics,\nmachine learning algorithms and proprietary technology. You can learn more\nabout the company and its portfolio of businesses at www.enova.com\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4737826-1&h=1572282894&u=http%3A%2F%2Fwww.enova.com%2F&a=www.enova.com)\n.\n\nCautionary Statement Concerning Forward Looking Statements\n\nThis release contains forward-looking statements within the meaning of the\nPrivate Securities Litigation Reform Act of 1995 about the business, financial\ncondition and prospects of Enova. These forward-looking statements give\ncurrent expectations or forecasts of future events and reflect the views and\nassumptions of Enova's senior management with respect to the business,\nfinancial condition and prospects of Enova as of the date of this release and\nare not guarantees of future performance. The actual results of Enova could\ndiffer materially from those indicated by such forward-looking statements\nbecause of various risks and uncertainties applicable to Enova's business,\nincluding, without limitation, those risks and uncertainties indicated in\nEnova's filings with the Securities and Exchange Commission (\"SEC\"), including\nour annual report on Form 10-K, quarterly reports on Forms 10-Q and current\nreports on Forms 8-K. These risks and uncertainties are beyond the ability of\nEnova to control, and, in many cases, Enova cannot predict all of the risks\nand uncertainties that could cause its actual results to differ materially\nfrom those indicated by the forward-looking statements. When used in this\nrelease, the words \"believes,\" \"estimates,\" \"plans,\" \"expects,\" \"anticipates\"\nand similar expressions or variations as they relate to Enova or its\nmanagement are intended to identify forward-looking statements. Enova cautions\nyou not to put undue reliance on these statements. Enova disclaims any\nintention or obligation to update or revise any forward-looking statements\nafter the date of this release.\n\nImportant Additional Information Filed with the SEC\n\nIn connection with the proposed transaction with Grasshopper, Enova filed with\nthe SEC a registration statement on Form S-4 (File No. 333-292287) (the\n\"registration statement\"), which contains a proxy statement of Grasshopper and\na prospectus of Enova (the \"proxy statement/prospectus\"), and Enova may file\nwith the SEC other relevant documents regarding the proposed transaction.\nINVESTORS AND SECURITY HOLDERS ARE URGED TO READ THE REGISTRATION STATEMENT\nAND THE PROXY STATEMENT/PROSPECTUS CAREFULLY AND IN THEIR ENTIRETY AND ANY\nOTHER RELEVANT DOCUMENTS FILED WITH THE SEC BY ENOVA, AS WELL AS ANY\nAMENDMENTS OR SUPPLEMENTS TO THOSE DOCUMENTS, BECAUSE THEY CONTAIN IMPORTANT\nINFORMATION ABOUT ENOVA, GRASSHOPPER AND THE PROPOSED TRANSACTION. A\ndefinitive copy of the proxy statement/prospectus was mailed to stockholders\nof Grasshopper on or about December 31, 2025. Investors and security holders\nare able to obtain the registration statement and the proxy\nstatement/prospectus, as well as other filings containing information about\nEnova, free of charge from Enova or from the SEC's website. The documents\nfiled by Enova with the SEC may be obtained free of charge at Enova's website,\nat https://ir.enova.com/sec-filings (https://ir.enova.com/sec-filings) , or by\nrequesting them by mail at Enova International, Inc., Attention: General\nCounsel, 175 West Jackson Blvd., Suite 600, Chicago, Illinois 60604.\n\nParticipants in the Solicitation\n\nThis communication is not a solicitation of a proxy from any security holder\nof Enova or Grasshopper. However, Enova, Grasshopper and certain of their\nrespective directors and executive officers may be deemed to be participants\nin the solicitation of proxies from the stockholders of Grasshopper in respect\nof the proposed transaction. Information about Enova's directors and executive\nofficers is available in its Annual Report on Form 10-K for the year ended\nDecember 31, 2025 and other documents filed by Enova with the SEC. Information\nregarding the persons who may, under the rules of the SEC, be deemed\nparticipants in the proxy solicitation and a description of their direct and\nindirect interests, by security holdings or otherwise, are contained in the\nproxy statement/prospectus and other relevant materials to be filed with the\nSEC. Free copies of this document may be obtained as described in the\npreceding paragraph.\n\nThis communication shall not constitute an offer to sell or the solicitation\nof an offer to buy any securities of Enova or a solicitation of any vote or\napproval with respect to the proposed transaction by Enova of Grasshopper, nor\nshall there be any sale of securities in any jurisdiction in which such offer,\nsolicitation or sale would be unlawful prior to registration or qualification\nunder the securities laws of any such jurisdiction. No offering of\nsecurities shall be made except by means of a prospectus meeting the\nrequirements of Section 10 of the U.S. Securities Act of 1933, as amended.\n\nNon-GAAP Financial Measures\n\nIn addition to the financial information prepared in conformity with generally\naccepted accounting principles in the United States, or GAAP, Enova provides\nhistorical non-GAAP financial information. Enova presents non-GAAP financial\ninformation because such measures are used by management in understanding the\nactivities and business metrics of Enova's operations. Management believes\nthat these non-GAAP financial measures reflect an additional way of viewing\naspects of Enova's business that, when viewed with its GAAP results, provide a\nmore complete understanding of factors and trends affecting its business.\n\nManagement provides non-GAAP financial information for informational purposes\nand to enhance understanding of Enova's GAAP consolidated financial\nstatements. Readers should consider the information in addition to, but not\ninstead of or superior to, Enova's financial statements prepared in accordance\nwith GAAP. This non-GAAP financial information may be determined or calculated\ndifferently by other companies, limiting the usefulness of those measures for\ncomparative purposes.\n\nCombined Loans and Finance Receivables\nThe combined loans and finance receivables measures are non-GAAP measures that\ninclude loans and finance receivables that Enova owns or has purchased and\nloans that Enova guarantees. Management believes these non-GAAP measures\nprovide management and investors with important information needed to evaluate\nthe magnitude of potential receivable losses and the opportunity for revenue\nperformance of the loans and finance receivable portfolio on an aggregate\nbasis. Management also believes that the comparison of the aggregate amounts\nfrom period to period is more meaningful than comparing only the amounts\nreflected on Enova's consolidated balance sheet since revenue is impacted by\nthe aggregate amount of receivables owned by Enova and those guaranteed by\nEnova as reflected in its consolidated financial statements.\n\nAdjusted Earnings Measures\nEnova provides adjusted earnings and adjusted earnings per share, or,\ncollectively, the Adjusted Earnings Measures, which are non-GAAP measures.\nManagement believes that the presentation of these measures provides investors\nwith greater transparency and facilitates comparison of operating results\nacross a broad spectrum of companies with varying capital structures,\ncompensation strategies, derivative instruments and amortization methods,\nwhich can provide a more complete understanding of Enova's financial\nperformance, competitive position and prospects for the future. Management\nutilizes, and also believes that investors utilize, the Adjusted Earnings\nMeasures to assess operating performance, recognizing that such measures may\nhighlight trends in Enova's business that may not otherwise be apparent when\nrelying on financial measures calculated in accordance with GAAP. In addition,\nmanagement believes that the Adjusted Earnings Measures are useful to\nmanagement and investors in comparing Enova's financial results during the\nperiods shown without the effect of certain items that are not indicative of\nEnova's core operating performance or results of operations.\n\nAdjusted EBITDA Measures\nEnova provides Adjusted EBITDA and Adjusted EBITDA margin, or, collectively,\nthe Adjusted EBITDA measures, which are non-GAAP measures. Adjusted EBITDA is\na non-GAAP measure that Enova defines as earnings excluding depreciation,\namortization, interest, foreign currency transaction gains or losses, taxes,\nstock-based compensation and certain other items, as appropriate, that are not\nindicative of our core operating performance. Adjusted EBITDA margin is a\nnon-GAAP measure that Enova defines as Adjusted EBITDA as a percentage of\ntotal revenue. Management utilizes, and also believes that investors utilize,\nAdjusted EBITDA Measures to analyze operating performance and evaluate Enova's\nability to incur and service debt and Enova's capacity for making capital\nexpenditures. Enova believes that Adjusted EBITDA is useful to management and\ninvestors in comparing Enova's financial results during the periods shown\nwithout the effect of certain non-cash items and certain items that are not\nindicative of Enova's core operating performance or results of operations.\nAdjusted EBITDA Measures are also useful to investors to help assess Enova's\nestimated enterprise value.\n ENOVA INTERNATIONAL, INC. AND SUBSIDIARIES\n\nCONSOLIDATED BALANCE SHEETS\n\n(dollars in thousands, except per share data)\n\n(Unaudited)\n\n \n June 30, December 31,\n 2026 2025 2025\n Assets\n Cash and cash equivalents $ 122,226 $ 55,560 $ 71,709\n Restricted cash 342,986 323,883 336,154\n Loans and finance receivables at fair value 6,172,764 4,773,315 5,471,544\n Income taxes receivable 32,045 35,586 40,901\n Other receivables and prepaid expenses 81,225 78,045 80,870\n Property and equipment, net 140,251 127,686 132,566\n Operating lease right-of-use assets 15,352 17,781 16,549\n Goodwill 279,275 279,275 279,275\n Intangible assets, net 2,151 6,923 3,660\n Other assets 33,907 26,699 35,204\n Total assets $ 7,222,182 $ 5,724,753 $ 6,468,432\n Liabilities and Stockholders' Equity\n Accounts payable and accrued expenses $ 334,882 $ 257,509 $ 305,849\n Operating lease liabilities 31,554 32,654 32,041\n Deferred tax liabilities, net 344,742 242,421 295,437\n Long-term debt 5,013,901 3,963,514 4,498,381\n Total liabilities 5,725,079 4,496,098 5,131,708\n Commitments and contingencies\n Stockholders' equity:\n Common stock, $0.00001 par value, 250,000,000 shares authorized, 47,989,998, — — —\n 47,176,544 and 47,441,228 shares issued and 24,885,756, 25,070,028 and\n 24,715,608 outstanding as of June 30, 2026 and 2025 and December 31, 2025,\n respectively\n Preferred stock, $0.00001 par value, 25,000,000 shares authorized, no shares — — —\n issued and outstanding\n Additional paid in capital 390,645 346,926 370,078\n Retained earnings 2,202,300 1,846,848 2,006,143\n Accumulated other comprehensive loss (6,475) (8,853) (9,500)\n Treasury stock, at cost (23,104,242, 22,106,516 and 22,725,620 shares as of (1,089,367) (956,266) (1,029,997)\n June 30, 2026 and 2025 and December 31, 2025, respectively)\n Total stockholders' equity 1,497,103 1,228,655 1,336,724\n Total liabilities and stockholders' equity $ 7,222,182 $ 5,724,753 $ 6,468,432\n\n \n ENOVA INTERNATIONAL, INC. AND SUBSIDIARIES\n\nCONSOLIDATED STATEMENTS OF INCOME\n\n(in thousands, except per share data)\n\n(Unaudited)\n\n \n Three Months Ended Six Months Ended\n June 30, June 30,\n 2026 2025 2026 2025\n Revenue $ 928,927 $ 764,043 $ 1,804,069 $ 1,509,584\n Change in Fair Value (360,861) (322,585) (707,044) (641,944)\n Net Revenue 568,066 441,458 1,097,025 867,640\n Operating Expenses\n Marketing 203,557 142,848 392,972 282,139\n Operations and technology 74,864 63,648 150,615 126,110\n General and administrative 44,080 40,508 91,858 82,972\n Depreciation and amortization 8,418 10,348 17,327 20,409\n Total Operating Expenses 330,919 257,352 652,772 511,630\n Income from Operations 237,147 184,106 444,253 356,010\n Interest expense, net (97,818) (82,781) (191,864) (163,325)\n Foreign currency transaction gain (loss) 440 134 (56) (318)\n Equity method investment income 338 613 639 733\n Other nonoperating expenses — (1,019) — (1,019)\n Income before Income Taxes 140,107 101,053 252,972 192,081\n Provision for income taxes 35,049 24,904 56,815 42,987\n Net income $ 105,058 $ 76,149 $ 196,157 $ 149,094\n Earnings Per Share\n Earnings per common share:\n Basic $ 4.22 $ 3.01 $ 7.88 $ 5.85\n Diluted $ 4.00 $ 2.86 $ 7.45 $ 5.51\n Weighted average common shares outstanding:\n Basic 24,882 25,297 24,878 25,486\n Diluted 26,274 26,646 26,343 27,062\n\n \n ENOVA INTERNATIONAL, INC. AND SUBSIDIARIES\n\nCONDENSED CONSOLIDATED STATEMENTS OF CASH FLOW\n\n(dollars in thousands)\n\n(Unaudited)\n\n \n Six Months Ended June 30,\n 2026 2025\n Total cash flows provided by operating activities $ 1,018,574 $ 838,508\n Cash flows from investing activities\n Loans and finance receivables (1,387,973) (1,013,727)\n Capitalization of software development costs and purchases of fixed assets (23,365) (24,099)\n Total cash flows used in investing activities (1,411,338) (1,037,826)\n Cash flows provided by financing activities 450,410 255,953\n Effect of exchange rates on cash, cash equivalents and restricted cash (297) 140\n Net increase in cash, cash equivalents and restricted cash 57,349 56,775\n Cash, cash equivalents and restricted cash at beginning of year 407,863 322,668\n Cash, cash equivalents and restricted cash at end of period $ 465,212 $ 379,443\n\n \n ENOVA INTERNATIONAL, INC. AND SUBSIDIARIES\n\nLOANS AND FINANCE RECEIVABLES FINANCIAL AND OPERATING DATA\n\n(dollars in thousands)\n\n \n The following table includes financial information for loans and finance\n receivables, which is based on loan and finance receivable\n balances for the three months ended June 30, 2026 and 2025.\n\n \n Three Months Ended June 30, 2026 2025 Change\n Ending combined loan and finance receivable principal balance:\n Company owned $ 5,351,091 $ 4,141,113 $ 1,209,978\n Guaranteed by the Company((a)) 19,388 16,762 2,626\n Total combined loan and finance receivable principal balance((b)) $ 5,370,479 $ 4,157,875 $ 1,212,604\n Ending combined loan and finance receivable fair value balance:\n Company owned $ 6,172,764 $ 4,773,315 $ 1,399,449\n Guaranteed by the Company((a)) 27,631 23,777 3,854\n Ending combined loan and finance receivable fair value balance((b)) $ 6,200,395 $ 4,797,092 $ 1,403,303\n Fair value as a % of principal((c)) 115.5 % 115.4 % 0.1 %\n Ending combined loan and finance receivable balance, including principal\n and accrued fees/interest outstanding:\n Company owned $ 5,524,210 $ 4,298,675 $ 1,225,535\n Guaranteed by the Company((a)) 23,031 20,014 3,017\n Ending combined loan and finance receivable balance((b)) $ 5,547,241 $ 4,318,689 $ 1,228,552\n Average combined loan and finance receivable balance, including\n principal and accrued fees/interest outstanding:\n Company owned((d)) $ 5,379,753 $ 4,201,674 $ 1,178,079\n Guaranteed by the Company((a)(d)) 20,015 18,495 1,520\n Average combined loan and finance receivable balance((a)(d)) $ 5,399,768 $ 4,220,169 $ 1,179,599\n Installment loans as percentage of average combined loan and finance 43.1 % 44.2 % (1.1) %\n receivable balance\n Line of credit accounts as percentage of average combined loan and 56.9 % 55.8 % 1.1 %\n finance receivable balance\n\n Revenue $ 916,689 $ 754,577 $ 162,112\n Change in fair value (358,786) (320,556) (38,230)\n Net revenue $ 557,903 $ 434,021 $ 123,882\n Net revenue margin 60.9 % 57.5 % 3.4 %\n\n Combined loan and finance receivable originations and purchases $ 2,294,329 $ 1,803,049 $ 491,280\n\n Delinquencies:\n >30 days delinquent $ 415,321 $ 305,583 $ 109,738\n >30 days delinquent as a % of combined loan and finance receivable 7.5 % 7.1 % 0.4 %\n balance((c))\n\n Charge-offs:\n Charge-offs (net of recoveries) $ 392,081 $ 342,880 $ 49,201\n Charge-offs (net of recoveries) as a % of average combined loan and 7.3 % 8.1 % (0.8) %\n finance receivable balance((d))\n\n _______________________________\n (a) Represents loans originated by third-party lenders through the CSO\n programs, which are not included in our consolidated balance sheets.\n (b) Non-GAAP measure.\n (c) Determined using period-end balances.\n (d) The average combined loan and finance receivable balance is the average\n of the month-end balances during the period.\n\n \n ENOVA INTERNATIONAL, INC. AND SUBSIDIARIES\n\nRECONCILIATION OF GAAP TO NON-GAAP FINANCIAL MEASURES\n\n(dollars in thousands, except per share data)\n\n \n Adjusted Earnings Measures\n\n \n Three Months Ended Six Months Ended\n June 30, June 30,\n 2026 2025 2026 2025\n Net income $ 105,058 $ 76,149 $ 196,157 $ 149,094\n Adjustments:\n Transaction-related costs((a)) 1,482 — 4,132 —\n Equity method investment income (338) (613) (639) (733)\n Other nonoperating expenses((b)) — 1,019 — 1,019\n Intangible asset amortization 259 2,013 1,509 4,027\n Stock-based compensation expense 8,747 8,106 17,456 16,042\n Foreign currency transaction (gain) loss (440) (134) 56 318\n Cumulative tax effect of adjustments (1,501) (488) (3,472) (2,976)\n\n Adjusted earnings $ 113,267 $ 86,052 $ 215,199 $ 166,791\n\n Diluted earnings per share $ 4.00 $ 2.86 $ 7.45 $ 5.51\n\n Adjusted earnings per share $ 4.31 $ 3.23 $ 8.17 $ 6.16\n\n Adjusted EBITDA\n\n \n Three Months Ended Six Months Ended\n June 30, June 30,\n 2026 2025 2026 2025\n Net income $ 105,058 $ 76,149 $ 196,157 $ 149,094\n Depreciation and amortization expenses 8,418 10,348 17,327 20,409\n Interest expense, net 97,818 82,781 191,864 163,325\n Foreign currency transaction (gain) loss (440) (134) 56 318\n Provision for income taxes 35,049 24,904 56,815 42,987\n Stock-based compensation expense 8,747 8,106 17,456 16,042\n Adjustments:\n Transaction-related costs((a)) 1,482 — 4,132 —\n Equity method investment income (338) (613) (639) (733)\n Other nonoperating expenses((b)) — 1,019 — 1,019\n\n Adjusted EBITDA $ 255,794 $ 202,560 $ 483,168 $ 392,461\n\n Adjusted EBITDA margin calculated as follows:\n Total Revenue $ 928,927 $ 764,043 $ 1,804,069 $ 1,509,584\n Adjusted EBITDA 255,794 202,560 483,168 392,461\n Adjusted EBITDA as a percentage of total revenue 27.5 % 26.5 % 26.8 % 26.0 %\n\n _______________________________\n (a) In the first and second quarters of 2026, the Company recorded $2.7 million\n ($2.0 million net of tax) and $1.5 million ($1.1 million net of tax),\n respectively, of costs related to the announced acquisition of Grasshopper\n Bancorp, Inc. and its wholly-owned subsidiary Grasshopper Bank.\n (b) In the second quarter of 2025, the Company recorded other nonoperating expense\n of $1.0 million ($0.8 million net of tax) related to the early extinguishment\n of debt.\n\n \n\nView original content to download\nmultimedia:https://www.prnewswire.com/news-releases/enova-reports-second-quarter-2026-results-302833661.html\n(https://www.prnewswire.com/news-releases/enova-reports-second-quarter-2026-results-302833661.html)\n\nSOURCE Enova International, Inc.\n\n\n\nFor further information: Public Relations Contact: Erin Yeager, Email: media@enova.com; Investor Relations Contact: Lindsay Savarese, Office: (212) 331-8417, Email: IR@enova.com\n\nPhoto: \nhttps://mmx.prnewswire.com/media/MS218751/Enova-Logo.jpg?id=OA2781671\n\nCopyright (c) 2026 PR Newswire Association,LLC. All Rights Reserved.","article_body_html":"","raw_payload":{"data":{"id":"nPn13mn7Pa","title":"Enova Reports Second Quarter 2026 Results","author":"PR Newswire","ticker":"ENVA","created":"2026-07-23T20:16:00.064Z","tickers":["ENVA"],"exchange":"NYSE","article_body":"Enova Reports Second Quarter 2026 Results\n\nPR Newswire\n\nCHICAGO, July 23, 2026\n\n * Originations rose 27% and total company revenue increased 22% from the second\nquarter of 2025.\n * Diluted earnings per share of $4.00 increased 40% and adjusted earnings per\nshare(1) of $4.31 rose 33% compared to the second quarter of 2025.\n * Credit performance remained strong, with the consolidated net charge-off ratio\ndecreasing to 7.3% and the net revenue margin improving to 61%.\n * Sequential stability in the consolidated 30+ day delinquency ratio and fair\nvalue premium reflect a continued stable credit performance and outlook.\n * Liquidity, including cash and marketable securities and available capacity on\nfacilities, totaled $929 million at June 30.\nCHICAGO, July 23, 2026 /PRNewswire/ -- Enova International (NYSE: ENVA), a\nleading financial services company powered by machine learning and world-class\nanalytics, today announced financial results for the second quarter ended\nJune 30, 2026.\n\n\"Healthy originations growth and strong credit performance drove our eighth\nconsecutive quarter of year-over-year adjusted EPS growth of 30% or more,\"\nsaid Steve Cunningham, Enova's CEO. \"We are excited to build upon our proven\ncapabilities with the planned acquisition of Grasshopper Bank. We remain in a\nconstructive dialogue with regulators as they continue their application\nreview process, and we look forward to closing later this year to begin\nimmediately delivering on the significant transaction synergies.\"\n\nSecond Quarter 2026 Summary\n\n * Total revenue of $929 million increased 22% from $764 million in the second\nquarter of 2025.\n * Net revenue margin of 61% compared to 58% in the second quarter of 2025,\nreflecting continued solid credit performance.\n * Net income of $105 million, or $4.00 per diluted share, increased 38% from\n$76 million, or $2.86 per diluted share, in the second quarter of 2025.\n * Adjusted EBITDA(1) of $256 million increased 26% from $203 million in the\nsecond quarter of 2025.\n * Adjusted earnings per share(1) of $4.31 increased 33% from $3.23 in the\nsecond quarter of 2025.\n * Total company combined loans and finance receivables(1) increased 28% from\nthe end of the second quarter of 2025 to a record $5.5 billion with total\ncompany originations of $2.3 billion in the quarter.\n * Repurchased $19 million of common stock under the company's share repurchase\nprogram.\n\"Our second quarter results exceeded our expectations on both the top and\nbottom line and reflect the strength of our talented team, diversified product\nofferings, scalable operating model and world-class risk management\ncapabilities,\" said Scott Cornelis, CFO of Enova. \"Based on what we are seeing\ntoday we're raising our outlook for the year and we remain focused on\ncontinuing to generate sustainable and profitable growth while delivering on\nour commitment to driving long-term shareholder value and on our mission of\nhelping hardworking people get access to fast, trustworthy credit.\"\n _________________________\n (1) Non-GAAP measure. Refer to \"Non-GAAP Financial Measures,\" \"Loans and\n Finance Receivables Financial and Operating Data,\" and \"Reconciliation of\n GAAP to Non-GAAP Financial Measures\" below for additional information.\n\nConference Call\n\nEnova will host a conference call to discuss its second quarter 2026 results\nat 4 p.m. Central Time / 5 p.m. Eastern Time today, July 23(rd). The live\nwebcast of the call can be accessed at the Enova Investor Relations website\nat http://ir.enova.com\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4737826-1&h=3509068660&u=https%3A%2F%2Furl.avanan.click%2Fv2%2F___http%3A%2F%2Fir.enova.com%2F___.YXAzOmJsdWVzaGlydDphOm86NjBlYTcyMTQxZDc0ZmYwMmZiYzI5ZDYwNGE4ZDlkNTM6Njo2MWVmOjVmOWQxZWFmNmVmNzAzYmUxNjQ1YzI1ZThmMDgyMzhhOWU5NWZlYmM3MGNiNDFjMTEyNjY4YTRmNGI1OWE3Y2M6cDpU&a=http%3A%2F%2Fir.enova.com)\n, along with the company's earnings press release and supplemental financial\ninformation. The U.S. dial-in for the call is 1-855-560-2575 (1-412-542-4161\nfor non-U.S. callers). Please ask to join the Enova International call. A\nreplay of the conference call will be available until July 30, 2026, at 10:59\np.m. Central Time / 11:59 p.m. Eastern Time, while an archived version of the\nwebcast will be available on the Enova International Investor Relations\nwebsite for 90 days. The U.S. dial-in for the conference call replay is\n1-855-669-9658 (1-412-317-0088). The replay access code is 9822269.\n\nAbout Enova\n\nEnova International (NYSE: ENVA) is a leading online financial services\ncompany that serves small businesses and consumers who are underserved by\ntraditional banks. For over 20 years, Enova has provided over $72 billion in\nloans and financing to more than 15 million customers by offering a suite of\nmarket-leading products powered by the company's world-class analytics,\nmachine learning algorithms and proprietary technology. You can learn more\nabout the company and its portfolio of businesses at www.enova.com\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4737826-1&h=1572282894&u=http%3A%2F%2Fwww.enova.com%2F&a=www.enova.com)\n.\n\nCautionary Statement Concerning Forward Looking Statements\n\nThis release contains forward-looking statements within the meaning of the\nPrivate Securities Litigation Reform Act of 1995 about the business, financial\ncondition and prospects of Enova. These forward-looking statements give\ncurrent expectations or forecasts of future events and reflect the views and\nassumptions of Enova's senior management with respect to the business,\nfinancial condition and prospects of Enova as of the date of this release and\nare not guarantees of future performance. The actual results of Enova could\ndiffer materially from those indicated by such forward-looking statements\nbecause of various risks and uncertainties applicable to Enova's business,\nincluding, without limitation, those risks and uncertainties indicated in\nEnova's filings with the Securities and Exchange Commission (\"SEC\"), including\nour annual report on Form 10-K, quarterly reports on Forms 10-Q and current\nreports on Forms 8-K. These risks and uncertainties are beyond the ability of\nEnova to control, and, in many cases, Enova cannot predict all of the risks\nand uncertainties that could cause its actual results to differ materially\nfrom those indicated by the forward-looking statements. When used in this\nrelease, the words \"believes,\" \"estimates,\" \"plans,\" \"expects,\" \"anticipates\"\nand similar expressions or variations as they relate to Enova or its\nmanagement are intended to identify forward-looking statements. Enova cautions\nyou not to put undue reliance on these statements. Enova disclaims any\nintention or obligation to update or revise any forward-looking statements\nafter the date of this release.\n\nImportant Additional Information Filed with the SEC\n\nIn connection with the proposed transaction with Grasshopper, Enova filed with\nthe SEC a registration statement on Form S-4 (File No. 333-292287) (the\n\"registration statement\"), which contains a proxy statement of Grasshopper and\na prospectus of Enova (the \"proxy statement/prospectus\"), and Enova may file\nwith the SEC other relevant documents regarding the proposed transaction.\nINVESTORS AND SECURITY HOLDERS ARE URGED TO READ THE REGISTRATION STATEMENT\nAND THE PROXY STATEMENT/PROSPECTUS CAREFULLY AND IN THEIR ENTIRETY AND ANY\nOTHER RELEVANT DOCUMENTS FILED WITH THE SEC BY ENOVA, AS WELL AS ANY\nAMENDMENTS OR SUPPLEMENTS TO THOSE DOCUMENTS, BECAUSE THEY CONTAIN IMPORTANT\nINFORMATION ABOUT ENOVA, GRASSHOPPER AND THE PROPOSED TRANSACTION. A\ndefinitive copy of the proxy statement/prospectus was mailed to stockholders\nof Grasshopper on or about December 31, 2025. Investors and security holders\nare able to obtain the registration statement and the proxy\nstatement/prospectus, as well as other filings containing information about\nEnova, free of charge from Enova or from the SEC's website. The documents\nfiled by Enova with the SEC may be obtained free of charge at Enova's website,\nat https://ir.enova.com/sec-filings (https://ir.enova.com/sec-filings) , or by\nrequesting them by mail at Enova International, Inc., Attention: General\nCounsel, 175 West Jackson Blvd., Suite 600, Chicago, Illinois 60604.\n\nParticipants in the Solicitation\n\nThis communication is not a solicitation of a proxy from any security holder\nof Enova or Grasshopper. However, Enova, Grasshopper and certain of their\nrespective directors and executive officers may be deemed to be participants\nin the solicitation of proxies from the stockholders of Grasshopper in respect\nof the proposed transaction. Information about Enova's directors and executive\nofficers is available in its Annual Report on Form 10-K for the year ended\nDecember 31, 2025 and other documents filed by Enova with the SEC. Information\nregarding the persons who may, under the rules of the SEC, be deemed\nparticipants in the proxy solicitation and a description of their direct and\nindirect interests, by security holdings or otherwise, are contained in the\nproxy statement/prospectus and other relevant materials to be filed with the\nSEC. Free copies of this document may be obtained as described in the\npreceding paragraph.\n\nThis communication shall not constitute an offer to sell or the solicitation\nof an offer to buy any securities of Enova or a solicitation of any vote or\napproval with respect to the proposed transaction by Enova of Grasshopper, nor\nshall there be any sale of securities in any jurisdiction in which such offer,\nsolicitation or sale would be unlawful prior to registration or qualification\nunder the securities laws of any such jurisdiction. No offering of\nsecurities shall be made except by means of a prospectus meeting the\nrequirements of Section 10 of the U.S. Securities Act of 1933, as amended.\n\nNon-GAAP Financial Measures\n\nIn addition to the financial information prepared in conformity with generally\naccepted accounting principles in the United States, or GAAP, Enova provides\nhistorical non-GAAP financial information. Enova presents non-GAAP financial\ninformation because such measures are used by management in understanding the\nactivities and business metrics of Enova's operations. Management believes\nthat these non-GAAP financial measures reflect an additional way of viewing\naspects of Enova's business that, when viewed with its GAAP results, provide a\nmore complete understanding of factors and trends affecting its business.\n\nManagement provides non-GAAP financial information for informational purposes\nand to enhance understanding of Enova's GAAP consolidated financial\nstatements. Readers should consider the information in addition to, but not\ninstead of or superior to, Enova's financial statements prepared in accordance\nwith GAAP. This non-GAAP financial information may be determined or calculated\ndifferently by other companies, limiting the usefulness of those measures for\ncomparative purposes.\n\nCombined Loans and Finance Receivables\nThe combined loans and finance receivables measures are non-GAAP measures that\ninclude loans and finance receivables that Enova owns or has purchased and\nloans that Enova guarantees. Management believes these non-GAAP measures\nprovide management and investors with important information needed to evaluate\nthe magnitude of potential receivable losses and the opportunity for revenue\nperformance of the loans and finance receivable portfolio on an aggregate\nbasis. Management also believes that the comparison of the aggregate amounts\nfrom period to period is more meaningful than comparing only the amounts\nreflected on Enova's consolidated balance sheet since revenue is impacted by\nthe aggregate amount of receivables owned by Enova and those guaranteed by\nEnova as reflected in its consolidated financial statements.\n\nAdjusted Earnings Measures\nEnova provides adjusted earnings and adjusted earnings per share, or,\ncollectively, the Adjusted Earnings Measures, which are non-GAAP measures.\nManagement believes that the presentation of these measures provides investors\nwith greater transparency and facilitates comparison of operating results\nacross a broad spectrum of companies with varying capital structures,\ncompensation strategies, derivative instruments and amortization methods,\nwhich can provide a more complete understanding of Enova's financial\nperformance, competitive position and prospects for the future. Management\nutilizes, and also believes that investors utilize, the Adjusted Earnings\nMeasures to assess operating performance, recognizing that such measures may\nhighlight trends in Enova's business that may not otherwise be apparent when\nrelying on financial measures calculated in accordance with GAAP. In addition,\nmanagement believes that the Adjusted Earnings Measures are useful to\nmanagement and investors in comparing Enova's financial results during the\nperiods shown without the effect of certain items that are not indicative of\nEnova's core operating performance or results of operations.\n\nAdjusted EBITDA Measures\nEnova provides Adjusted EBITDA and Adjusted EBITDA margin, or, collectively,\nthe Adjusted EBITDA measures, which are non-GAAP measures. Adjusted EBITDA is\na non-GAAP measure that Enova defines as earnings excluding depreciation,\namortization, interest, foreign currency transaction gains or losses, taxes,\nstock-based compensation and certain other items, as appropriate, that are not\nindicative of our core operating performance. Adjusted EBITDA margin is a\nnon-GAAP measure that Enova defines as Adjusted EBITDA as a percentage of\ntotal revenue. Management utilizes, and also believes that investors utilize,\nAdjusted EBITDA Measures to analyze operating performance and evaluate Enova's\nability to incur and service debt and Enova's capacity for making capital\nexpenditures. Enova believes that Adjusted EBITDA is useful to management and\ninvestors in comparing Enova's financial results during the periods shown\nwithout the effect of certain non-cash items and certain items that are not\nindicative of Enova's core operating performance or results of operations.\nAdjusted EBITDA Measures are also useful to investors to help assess Enova's\nestimated enterprise value.\n ENOVA INTERNATIONAL, INC. AND SUBSIDIARIES\n\nCONSOLIDATED BALANCE SHEETS\n\n(dollars in thousands, except per share data)\n\n(Unaudited)\n\n \n June 30, December 31,\n 2026 2025 2025\n Assets\n Cash and cash equivalents $ 122,226 $ 55,560 $ 71,709\n Restricted cash 342,986 323,883 336,154\n Loans and finance receivables at fair value 6,172,764 4,773,315 5,471,544\n Income taxes receivable 32,045 35,586 40,901\n Other receivables and prepaid expenses 81,225 78,045 80,870\n Property and equipment, net 140,251 127,686 132,566\n Operating lease right-of-use assets 15,352 17,781 16,549\n Goodwill 279,275 279,275 279,275\n Intangible assets, net 2,151 6,923 3,660\n Other assets 33,907 26,699 35,204\n Total assets $ 7,222,182 $ 5,724,753 $ 6,468,432\n Liabilities and Stockholders' Equity\n Accounts payable and accrued expenses $ 334,882 $ 257,509 $ 305,849\n Operating lease liabilities 31,554 32,654 32,041\n Deferred tax liabilities, net 344,742 242,421 295,437\n Long-term debt 5,013,901 3,963,514 4,498,381\n Total liabilities 5,725,079 4,496,098 5,131,708\n Commitments and contingencies\n Stockholders' equity:\n Common stock, $0.00001 par value, 250,000,000 shares authorized, 47,989,998, — — —\n 47,176,544 and 47,441,228 shares issued and 24,885,756, 25,070,028 and\n 24,715,608 outstanding as of June 30, 2026 and 2025 and December 31, 2025,\n respectively\n Preferred stock, $0.00001 par value, 25,000,000 shares authorized, no shares — — —\n issued and outstanding\n Additional paid in capital 390,645 346,926 370,078\n Retained earnings 2,202,300 1,846,848 2,006,143\n Accumulated other comprehensive loss (6,475) (8,853) (9,500)\n Treasury stock, at cost (23,104,242, 22,106,516 and 22,725,620 shares as of (1,089,367) (956,266) (1,029,997)\n June 30, 2026 and 2025 and December 31, 2025, respectively)\n Total stockholders' equity 1,497,103 1,228,655 1,336,724\n Total liabilities and stockholders' equity $ 7,222,182 $ 5,724,753 $ 6,468,432\n\n \n ENOVA INTERNATIONAL, INC. AND SUBSIDIARIES\n\nCONSOLIDATED STATEMENTS OF INCOME\n\n(in thousands, except per share data)\n\n(Unaudited)\n\n \n Three Months Ended Six Months Ended\n June 30, June 30,\n 2026 2025 2026 2025\n Revenue $ 928,927 $ 764,043 $ 1,804,069 $ 1,509,584\n Change in Fair Value (360,861) (322,585) (707,044) (641,944)\n Net Revenue 568,066 441,458 1,097,025 867,640\n Operating Expenses\n Marketing 203,557 142,848 392,972 282,139\n Operations and technology 74,864 63,648 150,615 126,110\n General and administrative 44,080 40,508 91,858 82,972\n Depreciation and amortization 8,418 10,348 17,327 20,409\n Total Operating Expenses 330,919 257,352 652,772 511,630\n Income from Operations 237,147 184,106 444,253 356,010\n Interest expense, net (97,818) (82,781) (191,864) (163,325)\n Foreign currency transaction gain (loss) 440 134 (56) (318)\n Equity method investment income 338 613 639 733\n Other nonoperating expenses — (1,019) — (1,019)\n Income before Income Taxes 140,107 101,053 252,972 192,081\n Provision for income taxes 35,049 24,904 56,815 42,987\n Net income $ 105,058 $ 76,149 $ 196,157 $ 149,094\n Earnings Per Share\n Earnings per common share:\n Basic $ 4.22 $ 3.01 $ 7.88 $ 5.85\n Diluted $ 4.00 $ 2.86 $ 7.45 $ 5.51\n Weighted average common shares outstanding:\n Basic 24,882 25,297 24,878 25,486\n Diluted 26,274 26,646 26,343 27,062\n\n \n ENOVA INTERNATIONAL, INC. AND SUBSIDIARIES\n\nCONDENSED CONSOLIDATED STATEMENTS OF CASH FLOW\n\n(dollars in thousands)\n\n(Unaudited)\n\n \n Six Months Ended June 30,\n 2026 2025\n Total cash flows provided by operating activities $ 1,018,574 $ 838,508\n Cash flows from investing activities\n Loans and finance receivables (1,387,973) (1,013,727)\n Capitalization of software development costs and purchases of fixed assets (23,365) (24,099)\n Total cash flows used in investing activities (1,411,338) (1,037,826)\n Cash flows provided by financing activities 450,410 255,953\n Effect of exchange rates on cash, cash equivalents and restricted cash (297) 140\n Net increase in cash, cash equivalents and restricted cash 57,349 56,775\n Cash, cash equivalents and restricted cash at beginning of year 407,863 322,668\n Cash, cash equivalents and restricted cash at end of period $ 465,212 $ 379,443\n\n \n ENOVA INTERNATIONAL, INC. AND SUBSIDIARIES\n\nLOANS AND FINANCE RECEIVABLES FINANCIAL AND OPERATING DATA\n\n(dollars in thousands)\n\n \n The following table includes financial information for loans and finance\n receivables, which is based on loan and finance receivable\n balances for the three months ended June 30, 2026 and 2025.\n\n \n Three Months Ended June 30, 2026 2025 Change\n Ending combined loan and finance receivable principal balance:\n Company owned $ 5,351,091 $ 4,141,113 $ 1,209,978\n Guaranteed by the Company((a)) 19,388 16,762 2,626\n Total combined loan and finance receivable principal balance((b)) $ 5,370,479 $ 4,157,875 $ 1,212,604\n Ending combined loan and finance receivable fair value balance:\n Company owned $ 6,172,764 $ 4,773,315 $ 1,399,449\n Guaranteed by the Company((a)) 27,631 23,777 3,854\n Ending combined loan and finance receivable fair value balance((b)) $ 6,200,395 $ 4,797,092 $ 1,403,303\n Fair value as a % of principal((c)) 115.5 % 115.4 % 0.1 %\n Ending combined loan and finance receivable balance, including principal\n and accrued fees/interest outstanding:\n Company owned $ 5,524,210 $ 4,298,675 $ 1,225,535\n Guaranteed by the Company((a)) 23,031 20,014 3,017\n Ending combined loan and finance receivable balance((b)) $ 5,547,241 $ 4,318,689 $ 1,228,552\n Average combined loan and finance receivable balance, including\n principal and accrued fees/interest outstanding:\n Company owned((d)) $ 5,379,753 $ 4,201,674 $ 1,178,079\n Guaranteed by the Company((a)(d)) 20,015 18,495 1,520\n Average combined loan and finance receivable balance((a)(d)) $ 5,399,768 $ 4,220,169 $ 1,179,599\n Installment loans as percentage of average combined loan and finance 43.1 % 44.2 % (1.1) %\n receivable balance\n Line of credit accounts as percentage of average combined loan and 56.9 % 55.8 % 1.1 %\n finance receivable balance\n\n Revenue $ 916,689 $ 754,577 $ 162,112\n Change in fair value (358,786) (320,556) (38,230)\n Net revenue $ 557,903 $ 434,021 $ 123,882\n Net revenue margin 60.9 % 57.5 % 3.4 %\n\n Combined loan and finance receivable originations and purchases $ 2,294,329 $ 1,803,049 $ 491,280\n\n Delinquencies:\n >30 days delinquent $ 415,321 $ 305,583 $ 109,738\n >30 days delinquent as a % of combined loan and finance receivable 7.5 % 7.1 % 0.4 %\n balance((c))\n\n Charge-offs:\n Charge-offs (net of recoveries) $ 392,081 $ 342,880 $ 49,201\n Charge-offs (net of recoveries) as a % of average combined loan and 7.3 % 8.1 % (0.8) %\n finance receivable balance((d))\n\n _______________________________\n (a) Represents loans originated by third-party lenders through the CSO\n programs, which are not included in our consolidated balance sheets.\n (b) Non-GAAP measure.\n (c) Determined using period-end balances.\n (d) The average combined loan and finance receivable balance is the average\n of the month-end balances during the period.\n\n \n ENOVA INTERNATIONAL, INC. AND SUBSIDIARIES\n\nRECONCILIATION OF GAAP TO NON-GAAP FINANCIAL MEASURES\n\n(dollars in thousands, except per share data)\n\n \n Adjusted Earnings Measures\n\n \n Three Months Ended Six Months Ended\n June 30, June 30,\n 2026 2025 2026 2025\n Net income $ 105,058 $ 76,149 $ 196,157 $ 149,094\n Adjustments:\n Transaction-related costs((a)) 1,482 — 4,132 —\n Equity method investment income (338) (613) (639) (733)\n Other nonoperating expenses((b)) — 1,019 — 1,019\n Intangible asset amortization 259 2,013 1,509 4,027\n Stock-based compensation expense 8,747 8,106 17,456 16,042\n Foreign currency transaction (gain) loss (440) (134) 56 318\n Cumulative tax effect of adjustments (1,501) (488) (3,472) (2,976)\n\n Adjusted earnings $ 113,267 $ 86,052 $ 215,199 $ 166,791\n\n Diluted earnings per share $ 4.00 $ 2.86 $ 7.45 $ 5.51\n\n Adjusted earnings per share $ 4.31 $ 3.23 $ 8.17 $ 6.16\n\n Adjusted EBITDA\n\n \n Three Months Ended Six Months Ended\n June 30, June 30,\n 2026 2025 2026 2025\n Net income $ 105,058 $ 76,149 $ 196,157 $ 149,094\n Depreciation and amortization expenses 8,418 10,348 17,327 20,409\n Interest expense, net 97,818 82,781 191,864 163,325\n Foreign currency transaction (gain) loss (440) (134) 56 318\n Provision for income taxes 35,049 24,904 56,815 42,987\n Stock-based compensation expense 8,747 8,106 17,456 16,042\n Adjustments:\n Transaction-related costs((a)) 1,482 — 4,132 —\n Equity method investment income (338) (613) (639) (733)\n Other nonoperating expenses((b)) — 1,019 — 1,019\n\n Adjusted EBITDA $ 255,794 $ 202,560 $ 483,168 $ 392,461\n\n Adjusted EBITDA margin calculated as follows:\n Total Revenue $ 928,927 $ 764,043 $ 1,804,069 $ 1,509,584\n Adjusted EBITDA 255,794 202,560 483,168 392,461\n Adjusted EBITDA as a percentage of total revenue 27.5 % 26.5 % 26.8 % 26.0 %\n\n _______________________________\n (a) In the first and second quarters of 2026, the Company recorded $2.7 million\n ($2.0 million net of tax) and $1.5 million ($1.1 million net of tax),\n respectively, of costs related to the announced acquisition of Grasshopper\n Bancorp, Inc. and its wholly-owned subsidiary Grasshopper Bank.\n (b) In the second quarter of 2025, the Company recorded other nonoperating expense\n of $1.0 million ($0.8 million net of tax) related to the early extinguishment\n of debt.\n\n \n\nView original content to download\nmultimedia:https://www.prnewswire.com/news-releases/enova-reports-second-quarter-2026-results-302833661.html\n(https://www.prnewswire.com/news-releases/enova-reports-second-quarter-2026-results-302833661.html)\n\nSOURCE Enova International, Inc.\n\n\n\nFor further information: Public Relations Contact: Erin Yeager, Email: media@enova.com; Investor Relations Contact: Lindsay Savarese, Office: (212) 331-8417, Email: IR@enova.com\n\nPhoto: \nhttps://mmx.prnewswire.com/media/MS218751/Enova-Logo.jpg?id=OA2781671\n\nCopyright (c) 2026 PR Newswire Association,LLC. All Rights Reserved."},"type":"article","timestamp":"2026-07-23T20:16:00.471473948Z","server_sent_at_ms":1784837760471},"received_at":"2026-07-23T20:16:00.623Z","source_url":"https://www.prnewswire.com/news-releases/enova-reports-second-quarter-2026-results-302833661.html"},"analysis":{"id":"86376","press_release_id":"97336","analysis_json":{"industry":{"label":"Consumer Finance","sector":"Financials"},"redFlags":[],"eventType":"earnings","narrative":"Enova reported strong second quarter results with total revenue rising 22% year-over-year to $929 million and diluted EPS increasing 40% to $4.00.\n\nAdjusted EPS reached $4.31, marking the eighth consecutive quarter of 30% or greater growth, driven by a 27% jump in originations to $2.3 billion and improved net revenue margins.\n\nManagement raised its full-year outlook and noted a constructive dialogue with regulators regarding the pending acquisition of Grasshopper Bank.","sentiment":"bullish","agentHooks":{"shouldPost":true,"suggestedAngle":"Enova accelerates with 40% EPS growth and raised outlook on the back of robust credit performance."},"keyFigures":{"eps":4,"revenue":929000000,"guidance":"Management raised its full-year outlook based on Q2 results exceeding expectations.","revenueYoy":"22%","customDimensions":{"adjusted_eps":4.31,"originations":2300000000,"adjusted_ebitda":256000000,"share_repurchase":19000000,"net_revenue_margin":"61%","net_charge_off_ratio":"7.3%","loans_and_receivables":5500000000}},"quotedText":"Healthy originations growth and strong credit performance drove our eighth consecutive quarter of year-over-year adjusted EPS growth of 30% or more","namedEntities":{"people":[{"name":"Steve Cunningham","role":"CEO"},{"name":"Scott Cornelis","role":"CFO"}],"products":[],"companies":[{"name":"Enova International","ticker":"ENVA"},{"name":"Grasshopper Bank","relationship":"target"}],"dollarAmounts":[{"amount":"$929 million","context":"Q2 2026 total revenue"},{"amount":"$4.00","context":"Q2 2026 diluted earnings per share"},{"amount":"$4.31","context":"Q2 2026 adjusted earnings per share"},{"amount":"$256 million","context":"Q2 2026 adjusted EBITDA"},{"amount":"$2.3 billion","context":"Q2 2026 total company originations"},{"amount":"$19 million","context":"Q2 2026 share repurchases"},{"amount":"$5.5 billion","context":"Total company loans and finance receivables at June 30"}]},"materialImpact":{"score":4,"reasoning":"Enova delivered robust Q2 results with 22% revenue growth and 40% EPS growth, alongside expanding margins and improved credit metrics. 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