Enova(US:ENVA)2025-10-23 20:16Financial Performance - Originations increased by 22% and total revenue rose by 16% year-over-year, reaching $803 million compared to $690 million in Q3 2024[6] - Diluted earnings per share were $3.03, an increase of 93%, while adjusted earnings per share rose by 37% to $3.36 compared to Q3 2024[6] - Net income for the quarter was $80 million, up 85% from $43 million in Q3 2024[7] - Adjusted EBITDA increased by 27% to $218 million from $172 million in the same quarter last year[7] - Revenue for the three months ended September 30, 2025, was $802.7 million, a 16.3% increase from $689.9 million in the same period of 2024[21] - Net revenue for the three months ended September 30, 2025, was $460.7 million, up 15.0% from $400.4 million in 2024[21] - Net income for the three months ended September 30, 2025, was $80.3 million, compared to $43.4 million in 2024, representing an 84.8% increase[21] - Adjusted EBITDA for the three months ended September 30, 2025, was $217.7 million, with an adjusted EBITDA margin of 27.1%[28] - Total cash flows provided by operating activities for the nine months ended September 30, 2025, were $1.32 billion, an increase from $1.11 billion in 2024[23] Loan and Receivables - Total company combined loans and finance receivables reached a record $4.5 billion, reflecting a 20% increase from the end of Q3 2024[7] - The ending combined loan and finance receivable principal balance was $4.36 billion as of September 30, 2025, up 20.8% from $3.61 billion in 2024[25] - Combined loan and finance receivable originations and purchases for the three months ended September 30, 2025, were $1.96 billion, a 21.5% increase from $1.61 billion in 2024[25] - Charge-offs (net of recoveries) for the three months ended September 30, 2025, were $377.8 million, compared to $309.3 million in 2024, reflecting a 21.5% increase[25] - The fair value of combined loan and finance receivables as a percentage of principal was 115.5% for the three months ended September 30, 2025, compared to 115.2% in 2024[25] Credit Quality and Outlook - The net charge-off ratio remained stable at 8.5%, with a net revenue margin of 57%[6] - The consolidated 30+ day delinquency ratio improved year-over-year to 7.2%, indicating a stable credit outlook[6] - Enova's management expressed confidence in continued growth and financial performance for the remainder of 2025 and beyond[8] - Share repurchases during the quarter amounted to $38 million[7] Earnings Per Share - Basic earnings per share for the three months ended September 30, 2025, were $3.22, up from $1.64 in 2024, representing a 96.6% increase[21]