Enova Q1 2024 Earnings Report

Reported consistent and profitable growth, leveraging its flexible online-only business model and machine learning-powered credit risk management capabilities.

Key Takeaways

Enova International reported a strong start to 2024 with a 26% increase in total revenue to $610 million compared to the first quarter of 2023. Diluted earnings per share increased by 5% to $1.64, and adjusted earnings per share increased by 7% to $1.91. The company's combined loans and finance receivables reached a record $3.5 billion, driven by total company originations of $1.4 billion for the quarter.

Total revenue increased 26% year-over-year to $610 million.

Diluted earnings per share increased 5% year-over-year to $1.64, and adjusted earnings per share increased 7% year-over-year to $1.91.

Total company combined loans and finance receivables increased 23% year-over-year to $3.5 billion.

Liquidity, including cash and marketable securities and available capacity on facilities, totaled $738 million at March 31.