Enova International Revenue Jumps 17% to $875M in Q1 2026
Enova International (NYSE: ENVA), a consumer and small business lending company, reported revenue of $875.1 million for the quarter ended March 31, 2026, up from $745.5 million in the same period a year earlier. Net income climbed 25% to $91.1 million.
Enova International (NYSE: ENVA), a consumer and small business lending company, posted revenue of $875.1 million for the quarter ended March 31, 2026, a 17% increase from $745.5 million in the first quarter of 2025. Net income rose to $91.1 million from $72.9 million a year earlier, a gain of 25%. Read more earnings reports.
Diluted earnings per share reached $3.46, up from $2.69 in the prior-year quarter. The company reported 26.3 million weighted average diluted shares outstanding for the quarter, down from 27.1 million a year ago.
Operating income for the quarter totaled $207.1 million, compared with $171.9 million in the first quarter of 2025. Gross profit expanded to $529.0 million from $426.2 million, while operating expenses increased to $321.9 million from $254.3 million.
Interest expense climbed to $94.0 million from $80.5 million in the year-ago period. The company recorded income tax expense of $21.8 million, up from $18.1 million a year earlier.
Balance Sheet and Cash Position
Total assets stood at $6.88 billion as of March 31, 2026, up from $5.46 billion a year earlier and $6.47 billion at year-end 2025. Cash and cash equivalents increased to $96.1 million from $55.5 million at the end of the first quarter of 2025.
Long-term debt rose to $4.83 billion from $3.76 billion a year earlier. Total liabilities reached $5.48 billion as of March 31, 2026, compared with $4.26 billion in the prior-year period.
Stockholders' equity grew to $1.40 billion from $1.20 billion a year earlier. Retained earnings totaled $2.10 billion, up from $1.77 billion at the end of the first quarter of 2025. Treasury stock increased to $1.07 billion from $900.9 million.
Cash Flow Activity
Cash from operations totaled $474.5 million for the quarter, compared with $391.1 million in the same period last year. Cash used in investing activities was $753.4 million, versus $509.6 million a year earlier.
Cash from financing activities amounted to $292.1 million, up from $107.3 million in the first quarter of 2025. The company reported depreciation and amortization of $8.9 million, down from $10.1 million a year ago.
Key Financials
| Metric ($ millions except per share) | Q1 2026 | Q1 2025 | Change |
|---|---|---|---|
| Total Revenue | $875.1 | $745.5 | +17% |
| Gross Profit | $529.0 | $426.2 | +24% |
| Operating Income | $207.1 | $171.9 | +20% |
| Net Income | $91.1 | $72.9 | +25% |
| Diluted EPS | $3.46 | $2.69 | +29% |
| Total Assets | $6,877.3 | $5,457.3 | +26% |
| Long-Term Debt | $4,832.5 | $3,757.4 | +29% |
| Cash from Operations | $474.5 | $391.1 | +21% |
Common shares outstanding totaled 24.9 million as of March 31, 2026, down from 25.6 million a year earlier. The company had 47.9 million common shares issued as of the end of the quarter.