Enova International, Inc.
- Open
- 230.59
- Day high
- 231.60
- Day low
- 226.43
- Prev close
- 232.72
- Volume
- 289K
- Mkt cap
- $5.6B
- P/E (TTM)
- 15.9
- EPS (TTM)
- $14.29
- P/B
- 3.8
- P/S
- 1.9
- Yield
- —
- Per share
- —
- ▼Insiders net selling -$22.4M over the last 3 months (0 open-market buys, 7 sales)
- 🏛Institutions accumulating (13F)
Enova International, Inc. (ENVA) is a Financial Services company listed on NYSE. The stock is up 89% over the past year. Over the trailing 3 months, insiders filed 0 open-market buys and 7 sales (SEC Form 4).
Enova International, Inc. (ENVA) financials & analyst ratings
Fundamentals (TTM)
Analyst consensus · 5 analysts
Source: exchange market data + company filings. Figures are trailing-twelve-month or as most recently reported. For informational purposes only — not investment advice.
ENVA earnings date, history & EPS estimates
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| Jul 23, 2026 | $3.99 | $4.31 | +8.0% | $929M | +2.1% |
| Apr 23, 2026 | $3.66 | $3.87 | +5.7% | $875M | +2.8% |
| Jan 27, 2026 | $3.17 | $3.46 | +9.1% | $839M | +0.1% |
| Oct 23, 2025 | $3.03 | $3.36 | +10.9% | $803M | -0.5% |
| Jul 24, 2025 | $2.97 | $3.23 | +8.8% | $764M | -3.4% |
| Feb 4, 2025 | $2.33 | $2.61 | +12.0% | $730M | -0.1% |
| Oct 22, 2024 | $2.30 | $2.45 | +6.5% | $690M | -5.6% |
| Jul 23, 2024 | $2.07 | $2.21 | +6.8% | $628M | +0.9% |
| Jan 30, 2024 | $1.71 | $1.83 | +7.0% | $584M | -0.5% |
| Jul 25, 2023 | $1.68 | $1.72 | +2.4% | $499M | +2.7% |
| Feb 1, 2023 | $1.70 | $1.76 | +3.5% | $486M | -0.4% |
| Oct 27, 2022 | $1.64 | $1.74 | +6.1% | $456M | +2.8% |
ENVA insider trading activity (SEC Form 4)
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| Aug 27, 2026 | Fisher Daviddirector, officer: Executive Chairman | Option | 9,491 | $20.73 |
| Aug 27, 2026 | Fisher Daviddirector, officer: Executive Chairman | Option | 9,078 | $20.73 |
| Aug 27, 2026 | Fisher Daviddirector, officer: Executive Chairman | Sell | 9,078 | $239.16 |
| Aug 27, 2026 | Fisher Daviddirector, officer: Executive Chairman | Sell | 9,491 | $244.01 |
| Aug 7, 2026 | Fisher Daviddirector, officer: Executive Chairman | Grant | 6,190 | $257.79 |
| Aug 7, 2026 | Cunningham Steven Edirector, officer: Chief Executive Officer | Grant | 7,359 | $257.79 |
| Aug 7, 2026 | Chartier Kirkofficer: Chief Strategy Officer | Grant | 2,095 | $257.79 |
| Aug 7, 2026 | Rahilly Seanofficer: General Counsel and Secretary | Grant | 1,453 | $257.79 |
| Aug 7, 2026 | Veltre Mariadirector | Grant | 772 | — |
| Aug 7, 2026 | Cornelis Scottofficer: Chief Financial Officer | Grant | 1,500 | $257.79 |
| Jul 16, 2026 | Fisher Daviddirector, officer: Executive Chairman | Option | 17,006 | $20.73 |
| Jul 16, 2026 | Fisher Daviddirector, officer: Executive Chairman | Sell | 11,494 | $231.45 |
| Jul 16, 2026 | Fisher Daviddirector, officer: Executive Chairman | Sell | 17,006 | $231.51 |
| Jul 16, 2026 | Fisher Daviddirector, officer: Executive Chairman | Option | 11,494 | $20.73 |
| Jun 23, 2026 | TEBBE MARKdirector | Sell | 20,000 | $201.37 |
Source: ENVA SEC Form 4 filings, latest Aug 27, 2026. For informational purposes only — not investment advice.
See the full ENVA insider & 13F page →Enova International, Inc. company profile
Overview
Enova International, Inc. (NYSE:ENVA) is a Chicago-based technology and analytics company that provides online financial services to non-prime consumers and small businesses. Founded in 2011 and publicly traded since 2014, Enova has established itself as a leading alternative lender serving customers who typically have limited access to traditional banking products. The company operates through a fully digital platform, leveraging proprietary machine learning algorithms and sophisticated analytics to assess credit risk and provide financing solutions across the United States, Brazil, Australia, and Canada.
Business
Enova operates in the alternative lending industry, which serves borrowers who fall outside the traditional prime credit market. The company provides financial products to two primary segments through its online-only platform. Small Business (SMB) Products represent approximately 62% of the company's loan portfolio and generated $305 million in revenue during Q1 2025. These products include term loans, lines of credit, and other financing solutions for small businesses that may struggle to obtain traditional bank financing. Small businesses often need quick access to capital for inventory, equipment, payroll, or other operational needs, and Enova's technology platform can provide funding decisions and disbursements much faster than traditional banks. Consumer Products comprise about 38% of the portfolio, generating $431 million in Q1 2025 revenue. These include installment loans, lines of credit, and other personal financing products marketed under brands like CashNetUSA and NetCredit. The consumer products target non-prime borrowers who may need emergency funds, debt consolidation, or other personal financing but cannot qualify for traditional bank loans or credit cards. The company also operates Credit Service Organization (CSO) programs and bank partnership programs, where Enova arranges loans with third-party lenders or provides marketing and servicing for bank-originated loans. These represent smaller portions of the business but provide additional revenue streams and regulatory flexibility. All products are delivered through Enova's proprietary technology platform, which uses machine learning algorithms to assess creditworthiness, set loan terms, and manage collections. The typical loan terms are relatively short, averaging around six months, with weekly or bi-weekly payment schedules that allow for quick performance tracking and risk management.
Revenue model
Enova generates revenue primarily through interest and fees charged on loans and financing products. The company makes money by borrowing capital at lower rates and lending it to customers at higher rates that reflect the increased credit risk of non-prime borrowers. For the twelve months ending Q1 2025, the company generated $2.9 billion in total revenue. The business model centers on originating loans through its digital platform and either holding them on its balance sheet or selling them to investors. When loans are held on balance sheet, Enova earns the full spread between its cost of funds and the interest charged to customers. When loans are sold, the company typically retains servicing rights and may receive ongoing fees. Customers include small business owners who need working capital, equipment financing, or other business purposes, as well as individual consumers who need personal loans for emergencies, debt consolidation, or other financial needs. These borrowers typically have credit scores below prime levels or limited credit history, making them underserved by traditional financial institutions. Several factors influence Enova's profitability margins. Positive factors include a strong labor market and wage growth, which improve customers' ability to repay loans, leading to lower charge-off rates. The company's sophisticated analytics and machine learning capabilities also help optimize pricing and reduce credit losses. Additionally, the online-only model provides operational efficiency compared to branch-based lenders. Negative margin pressures include rising interest rates, which increase Enova's cost of funding, and economic downturns that can increase customer defaults. Increased competition from other alternative lenders or traditional banks expanding into non-prime lending could compress margins. Regulatory changes affecting lending practices or interest rate caps could also impact profitability. The company's reliance on securitization and capital markets for funding means that credit market disruptions can affect both funding costs and availability.
Competitive moat
Enova's competitive moat is moderately strong but faces ongoing challenges in the alternative lending space. The company's primary advantages stem from its proprietary technology platform and data analytics capabilities developed over more than a decade of operations. The machine learning algorithms and credit assessment models represent significant intellectual property that would be difficult and expensive for new entrants to replicate. The company benefits from high barriers to entry in alternative lending, including substantial startup costs, complex regulatory requirements across multiple states, and the need for sophisticated underwriting systems. Building the technology infrastructure, obtaining necessary licenses, and developing effective marketing channels requires significant capital investment and expertise. Management has noted that few new competitors have emerged, and some existing competitors have exited the market or focused on prime lending. Scale advantages also provide some protection, as Enova's diversification across 50 states and 900+ industries in its small business portfolio helps reduce concentration risk. The company's established relationships with funding sources, including securitization markets and institutional investors, create additional barriers for smaller competitors. However, the moat has notable vulnerabilities. The lending business is inherently commoditized, with limited product differentiation beyond pricing and user experience. Large technology companies or traditional banks with substantial resources could potentially enter the market and compete aggressively. Regulatory changes could also level the playing field or create new competitive dynamics. Additionally, the company's reliance on digital marketing channels means that customer acquisition costs can be volatile and subject to platform changes or increased competition for online advertising. The competitive environment appears relatively benign currently, with management reporting limited new entrants and some competitor consolidation. However, this could change quickly if economic conditions shift or if well-capitalized players decide to enter the non-prime lending market more aggressively.
Risks & safety
Enova presents a moderate margin of safety with some concerns around leverage but strong cash generation capabilities. Liquidity and Solvency: - Cash and short-term investments: $55.5 million as of Q1 2025 - Total available liquidity: Approximately $1.2 billion including credit facilities - Strong free cash flow generation: $378 million in Q1 2025, $1.5 billion for full year 2024 - Debt-to-equity ratio: 3.11x, indicating high leverage typical for financial services companies - Extended senior debt maturities from 2025 to 2029, reducing near-term refinancing risk Valuation Metrics: - P/E ratio: 8.5x based on Q1 2025 earnings - Price-to-book ratio: 2.07x - EV/EBITDA: 15.2x (noting Q1 2025 EBITDA was unusually low) - Trading below historical averages, suggesting potential value opportunity Other Considerations: - Short-duration loan portfolio (6-month average) allows for quick adjustment to changing conditions - Diversified funding sources reduce refinancing risk - Strong return on equity of 17.5% for 2024 demonstrates efficient capital utilization - Cyclical business model vulnerable to economic downturns and credit cycle changes
Recent development
Over the past few years, Enova has executed several key strategic initiatives that have transformed its business profile. The most significant development has been the dramatic expansion of its small business lending portfolio, which grew from representing a minor portion of the business to 62% of total receivables by 2025. This shift was driven by strong market demand and the company's ability to leverage its technology platform for business lending, with SMB revenue growing 36% year-over-year in 2024. The company has also focused on technology and analytics enhancements, continuously improving its machine learning algorithms and credit assessment capabilities. This has enabled better risk management and more precise pricing, contributing to improved credit performance across both consumer and SMB portfolios. Management has emphasized the development of sophisticated unit economics frameworks that allow for more disciplined growth decisions. Capital structure optimization has been another key focus area. Enova successfully extended its senior debt maturities from 2025 to 2029, reducing refinancing risk. The company has also diversified its funding sources through securitization markets and maintained strong liquidity positions. Recent securitization deals showed nearly 100 basis points improvement in pricing compared to the prior year, indicating improved market access. The company has maintained its commitment to shareholder returns through opportunistic stock buybacks, viewing its shares as undervalued. Management has also explored strategic alternatives to unlock shareholder value, though no specific timeline has been provided for these initiatives. Product development has continued with enhancements to existing offerings and expansion of the addressable market within the non-prime lending space.
ENVA company profile · for informational purposes only — not investment advice.
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