Enova(US:ENVA) Prnewswireยท2025-04-29 20:16Core Insights - Enova International reported strong financial results for Q1 2025, with significant growth in revenue and earnings driven by solid demand and stable credit performance [2][4][8]. Financial Performance - Total revenue reached $746 million, a 22% increase from $610 million in Q1 2024 [8]. - Net income was $73 million, or $2.69 per diluted share, reflecting a 51% increase from $48 million, or $1.64 per diluted share, in the same quarter last year [8][17]. - Adjusted earnings per share rose 56% to $2.98 from $1.91 in Q1 2024 [8][25]. - Adjusted EBITDA increased by 27% to $190 million from $149 million in Q1 2024 [8][26]. Loan and Finance Receivables - Total combined loans and finance receivables reached a record $4.1 billion, up 20% from the end of Q1 2024 [8][21]. - Originations for the quarter were $1.7 billion, marking a 26% increase from the previous year [7][8]. - The net charge-off ratio remained stable at 8.6%, indicating strong credit performance [7][8]. Market Position and Strategy - Enova's diversified product offerings and flexible online-only model have positioned the company well to adapt to changing market conditions [2][4]. - The company has a liquidity position of $1.1 billion as of March 31, 2025, which supports its operational flexibility [7][8]. - Share repurchases during the quarter totaled $63 million, reflecting the company's commitment to returning value to shareholders [8][7]. Operational Metrics - The net revenue margin was consistent at 57%, indicating stable credit performance [8]. - The consolidated 30+ day delinquency ratio improved to 7.7%, down from 8.1% year-over-year, reflecting a stable credit outlook [7][8].