ENVA Credit Quality: What Charge-Offs and Delinquencies Signal

Key Takeaways Enova saw net charge-offs rise 14.6% and delinquencies increase 11.5% in 2025.ENVA's SMB segment stayed stable with a 4.6% net charge-off ratio, supporting overall credit performance.ENVA's net revenue margin rose to 60% in Q4, with 55% to 60% guided for the first quarter of 2026.Enova International, Inc. (ENVA) operates in credit categories where underwriting and servicing discipline matter as much as growth. The company lends to non-prime consumers and provides financing to small and medium ...