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Jun 30, 2023
Enova Q2 2023 Earnings Report
Enova demonstrated strong financial results with revenue increase and solid credit performance.
Key Takeaways
Enova reported a 22% increase in total revenue to $499 million compared to Q2 2022. The company's diluted earnings per share was $1.50, and adjusted earnings per share was $1.72. Enova's diversified portfolio and online-only business model enabled them to drive growth while maintaining solid credit performance.
Total revenue increased 22% year-over-year to $499 million.
Diluted earnings per share was $1.50, and adjusted earnings per share was $1.72.
Total company combined loans and finance receivables increased 20% year-over-year to $2.9 billion.
Net revenue margin was 60%.
Enova
Enova
Forward Guidance
Enova is well positioned to continue to deliver profitable growth while also effectively managing risk as our experienced team leverages our flexible online-only business model, diversified product offerings, world-class machine learning risk management algorithms and strong balance sheet.