Despite the roaring market and economy, the magnitude of plastic debt forces an uncomfortable and cynical discussion: stocks benefiting from credit card delinquencies.Last year, Americans’ collective plastic balance reached past the $1 trillion level. Earlier this year, the metric landed at $1.13 trillion. And this isn’t just some high-level number that has no economic bearing. Indeed, the New York Federal Reserve reported that credit card and auto loan delinquencies are continuing to rise. This trend is pa ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Enova International, Inc. (Exact name of registrant as specified in its charter) Delaware 45-3190813 (State or other jurisdiction of incorporation or organization) 175 Wes ...

New survey analyzes small business sentiment and cash flow data for holistic overview of small business healthCHICAGO, Feb. 15, 2024 /PRNewswire/ -- Today, OnDeck Capital, the leading small business lending company at Enova (NYSE: ENVA), and Ocrolus, the document AI and cash flow analytics platform for lenders, released the first-of-its-kind Small Business Cash Flow Trend Report. The new quarterly report combines small business survey results with cash flow data from companies to provide deeper insights int ...

There are many types of companies in the financial markets, firstly from different sectors, and secondly, they can vary according to their capitalization size. Their capitalization can go by various factors, either the time they have been in the stock market, their attractiveness, or the great appetite of investors for the company, among many others. Still, in theory, the capitalization of a company is not an indication by itself that a company is good or bad; to determine that, you must study the company. ...

Total revenue increased 20% from the fourth quarter of 2022 to $584 million Diluted earnings per share totaled $1.13 and adjusted earnings per share totaled $1.83 Total company combined loans and finance receivables increased 16% from the end of fourth quarter of 2022 to $3.3 billion as total company originations reached a quarterly record of $1.4 billion Continued solid credit performance and outlook with a fourth quarter net revenue margin of 56% and a sequential increase in the fair value of the consoli ...

WASHINGTON, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2023 OR UNITED STATES SECURITIES AND EXCHANGE COMMISSION ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 1-35503 Enova International, Inc. (Exact name of registrant as specified in its charter) Delaware 45-3190813 (State or other jur ...

Financial Performance - Consolidated total revenue increased by $91.4 million, or 22.4%, to $499.4 million for the three months ended June 30, 2023, compared to $408.0 million for the same period in 2022[140]. - Consolidated net revenue was $299.4 million in the current quarter, up from $264.6 million in the prior year quarter[140]. - Consolidated income from operations rose by $22.1 million, or 24.7%, to $111.6 million in the current quarter compared to $89.5 million in the prior year quarter[140]. - Consolidated net income was $48.1 million in the current quarter, down from $52.4 million in the prior year quarter[140]. - Consolidated diluted income per share was $1.50 in the current quarter, compared to $1.56 in the prior year quarter[140]. - Revenue increased by $189.0 million, or 23.8%, to $982.7 million for the six-month period ended June 30, 2023, compared to $793.7 million for the prior year[192]. - Net revenue for the current six-month period was $585.3 million, up from $533.2 million for the prior year, with a net revenue margin of 59.6% compared to 67.2%[193]. Loan and Finance Receivables - Enova International extended approximately $4.5 billion in credit to borrowers in 2022 and $2.2 billion in the first half of 2023[123]. - Loans and finance receivables revenue accounted for 98.7% of total revenue in the current quarter[141]. - The fair value of the loan and finance receivable portfolio was $3,092.4 million as of June 30, 2023, compared to $2,460.9 million as of June 30, 2022[156]. - The outstanding principal balance of the loan and finance receivables portfolio increased to $2,756.9 million as of June 30, 2023, from $2,300.7 million in the prior year[156]. - As of June 30, 2023, total loans and finance receivables amounted to $2,771,141, an increase from $2,312,529 in the previous year[158]. - The ending combined loans and finance receivables balance was $2,874,529 as of June 30, 2023, reflecting growth from $2,798,076 in the previous quarter[169]. - The ending balance of combined consumer loans and finance receivables increased by 6.6% to $1,085.7 million as of June 30, 2023, compared to $1,018.8 million at June 30, 2022, primarily due to originations outpacing repayments[172]. - The ending balance of small business loans and finance receivables increased by 30.3% to $1,788.8 million as of June 30, 2023, compared to $1,372.7 million at June 30, 2022, due to originations outpacing repayments[177]. Revenue by Segment - Revenue from the small business portfolio increased by 27.0% to $190.5 million for the three months ended June 30, 2023[153]. - The consumer portfolio revenue increased by 19.5% to $302.3 million for the same period[155]. - Revenue from consumer loans and finance receivables was $302.3 million for the current quarter, up from $253.0 million for the prior year quarter, driven by portfolio growth[174]. - Revenue from small business loans and finance receivables was $190.5 million for the current quarter, compared to $149.9 million for the prior year quarter, driven by overall portfolio growth[179]. Delinquency and Credit Performance - The delinquency rate for loans over 30 days increased to 7.7% as of June 30, 2023, up from 7.1% in the previous quarter[169]. - The percentage of loans greater than 30 days delinquent decreased to 6.8% at June 30, 2023, down from 7.1% at June 30, 2022, indicating improved credit performance[173]. - The percentage of loans greater than 30 days delinquent for small business loans rose to 8.3% at June 30, 2023, compared to 3.6% at June 30, 2022, reflecting increased delinquency rates[178]. Operating Expenses - Total operating expenses increased to $187.8 million in the current quarter from $175.1 million in the prior year quarter[141]. - Marketing expenses rose to $96.0 million in the current quarter from $91.5 million in the prior year quarter, primarily due to higher online advertising costs[181]. - Total expenses increased by $11.4 million, or 3.2%, to $364.4 million in the current six-month period compared to $353.0 million in the prior year[197]. Cash Flow and Liquidity - Net cash provided by operating activities increased by $189.2 million, or 48.2%, to $581.3 million for the six months ended June 30, 2023, compared to $392.2 million for the same period in 2022[217]. - Cash flows used in investing activities were $483.5 million for the current six-month period, a decrease from $751.3 million in the prior year[219]. - The company expects cash flows from operations and available cash balances to be sufficient to fund future operating liquidity needs[218]. Technology and Analytics - Approximately 90% of the analytical models used by Enova are machine learning-enabled, enhancing risk analytics and decision-making[125]. - The company has developed proprietary underwriting systems that utilize advanced risk analytics, including machine learning and artificial intelligence[125]. - Enova's technology platforms processed approximately 2.5 million transactions in 2022, indicating significant operational capacity[126]. Market Presence and Expansion - The company operates in 37 states in the U.S. and Brazil, providing loans and financing to consumers and small businesses[123]. - Enova's acquisition of On Deck Capital in October 2020 expanded its small business lending offerings across the U.S., Australia, and Canada[126]. - Enova's money transfer platform, acquired through Pangea, allows customers to send money from the U.S. to various countries, enhancing its service offerings[134].

Non-Prime consumers are frequently turned down by traditional banks and credit unions. Enova < 1% of Loan Balances Q2 2022 Q2 2023 12% 20% 26% 24% 18% 12% 21% 27% 24% 16% Super Prime © Enova International, Inc. 9 Compliance Customer Safety and Privacy Apply and manage account anytime and anywhere privately from desktop or mobile devices with secure systems to protect sensitive information © Enova International, Inc. © Enova International, Inc. 11 RealView™ Credit Modeling: Performance vs Standard Scoring En ...

Enova International, Inc. (NYSE:ENVA) Q2 2023 Earnings Conference Call July 25, 2023 5:00 PM ET Company Participants Lindsay Savarese – Investor Relations David Fisher – Chief Executive Officer Steve Cunningham – Chief Financial Officer Conference Call Participants David Scharf – JMP John Rowan – Janney Vincent Caintic – Stephens Alexander Villalobos – Jefferies Operator Good afternoon and welcome to the Enova International Second Quarter 2023 Earnings Conference Call. All participants will be in listen-onl ...

Revenue and Income - Consolidated total revenue increased by $97.6 million, or 25.3%, to $483.3 million for the three months ended March 31, 2023, compared to $385.7 million for the same period in 2022[132]. - Consolidated net revenue was $285.9 million, up from $268.7 million in the prior year quarter[132]. - Consolidated income from operations rose by $18.5 million, or 20.4%, to $109.3 million in the current quarter compared to $90.8 million in the prior year quarter[132]. - Consolidated net income was $50.9 million in the current quarter, slightly down from $52.4 million in the prior year quarter[132]. - Consolidated diluted income per share increased to $1.56 in the current quarter from $1.50 in the prior year quarter[132]. - Total revenue for Q1 2023 increased by $97.6 million, or 25.3%, to $483.3 million compared to $385.7 million in Q1 2022, driven by a 46.7% increase in small business portfolio revenue and a 13.1% increase in consumer portfolio revenue[144]. - Net revenue for Q1 2023 was $285.9 million, up from $268.7 million in Q1 2022, with a consolidated net revenue margin of 59.2% compared to 69.7% in the prior year quarter[145]. - Net income for Q1 2023 was $50.9 million, compared to $52.4 million in Q1 2022, with diluted earnings per share increasing to $1.56 from $1.50[139]. - Adjusted EBITDA for Q1 2023 was $125.8 million, compared to $105.6 million in Q1 2022, with an adjusted EBITDA margin of 26.0%[141]. Expenses and Financial Adjustments - Operating expenses decreased slightly to $176.6 million in Q1 2023 from $177.9 million in Q1 2022, with marketing expenses down to $79.8 million from $93.2 million[144]. - Interest expense increased to $43.3 million in Q1 2023 from $22.5 million in Q1 2022, reflecting higher borrowing costs[141]. - The company incurred $1.7 million in lease termination and cease-use costs in Q1 2023, impacting adjusted earnings[139]. - The fair value of loans and finance receivables was adjusted in response to market conditions, with management increasing discount rates in 2022 to lower loan fair values[136]. - The company continues to adjust charge-off expectations in its fair value models based on changing market conditions and internal factors[136]. - The company reported a change in fair value of $(197.4) million in Q1 2023, compared to $(117.0) million in Q1 2022[144]. - Total operating expenses decreased by $1.3 million, or 0.7%, to $176.6 million in the current quarter compared to $177.9 million in the prior year quarter[168]. - Interest expense, net increased by $20.8 million, or 92.7%, to $43.3 million in the current quarter due to an increase in the average amount of debt outstanding[171]. - The effective tax rate decreased to 22.4% in the current quarter from 23.2% in the prior year quarter due to larger excess tax benefits on stock compensation[172]. - Net income decreased by $1.5 million, or 2.9%, to $50.9 million compared to $52.4 million in the prior year quarter, primarily due to higher interest expenses[175]. Loan and Finance Receivables - Approximately $4.5 billion in credit was extended to borrowers in 2022, with about $1.1 billion extended in the first quarter of 2023[115]. - The company processed approximately 2.5 million transactions in 2022, continuing to grow its loan and finance receivable portfolios[118]. - The fair value of the loan and finance receivable portfolio was $3,003.4 million as of March 31, 2023, compared to $2,231.9 million in 2022[147]. - The outstanding principal balance of the loan and finance receivables portfolio increased to $2,700.1 million from $2,099.0 million year-over-year[147]. - The average amount outstanding per loan and finance receivable increased to $5,065 from $4,315, driven by a higher mix of small business loans[152]. - The ratio of fair value as a percentage of principal for company-owned loans was 111.2% as of March 31, 2023, up from 106.3% in the prior year[151]. - The delinquency rate for loans over 30 days increased to 7.1% in the first quarter of 2023, compared to 5.2% in the first quarter of 2022[157]. - The small business portfolio represented 64.3% of the combined loan and finance receivable portfolio at fair value as of March 31, 2023, up from 57.8% in the prior year[148]. - The ending balance of combined consumer loans and finance receivables increased 2.9% to $991.6 million as of March 31, 2023, compared to $963.4 million at the same date in 2022[160]. - The percentage of loans greater than 30 days delinquent remained flat at 7.3% as of March 31, 2023, consistent with the previous year[161]. - Charge-offs (net of recoveries) as a percentage of average combined loan balance increased to 15.2% for the current quarter, compared to 14.2% for the prior year quarter[162]. - The ratio of fair value as a percentage of principal on consumer loans and finance receivables was 117.2% at March 31, 2023, up from 105.6% at March 31, 2022[163]. - The ending balance of small business loans and finance receivables increased 48.4% to $1,806.5 million as of March 31, 2023, compared to $1,217.6 million at the same date in 2022[165]. - The percentage of loans greater than 30 days delinquent for small business loans increased to 7.0% as of March 31, 2023, compared to 3.6% at the same date in 2022[166]. - Charge-offs (net of recoveries) as a percentage of average loan balance for small business loans increased to 4.2% for the current quarter, compared to 1.9% in the prior year quarter[166]. Cash Flow and Equity - Cash and cash equivalents increased to $288.4 million as of March 31, 2023, from $178.4 million as of December 31, 2022, with restricted cash accounting for $190.7 million[176]. - Net cash provided by operating activities increased by $128.5 million, or 83.7%, to $282.0 million in the current quarter from $153.5 million in the prior year quarter[189]. - Total stockholders' equity increased by $34.6 million to $1,220.8 million at March 31, 2023, driven primarily by net income[180]. - Cash flows used in investing activities decreased to $205.4 million from $386.5 million in the prior year quarter, due to a reduction in loan originations[192]. - Cash flows provided by financing activities were $33.6 million, driven by net borrowings under the revolving line of credit and securitization facilities[193]. - As of March 31, 2023, the company had funding capacity of $601.1 million and no recourse debt obligations due until September 2024[176]. - The weighted average interest rate on total funding debt was 6.63% as of March 31, 2023[185]. - The company had $16.7 million in common stock repurchases during the three months ended March 31, 2023[181]. - The company expects cash flows from operations and available cash balances to be sufficient to fund future operating liquidity needs[191].