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Investing.com -- Enova International (NYSE:ENVA) reported third-quarter adjusted earnings that exceeded analyst expectations, while revenue fell slightly short of estimates. The financial services company posted adjusted earnings per share of $3.36, beating the analyst consensus of $3.03, while revenue came in at $803 million versus estimates of $806.63 million.
The company’s revenue grew 16% YoY from $690 million in the same quarter of 2024, driven by strong demand across both small business and consumer segments. Originations rose 22% from the year-ago period, with total loans and finance receivables reaching a record $4.5 billion, up 20% from the end of the third quarter of 2024.
Enova shares remained flat in after-hours trading on Thursday following the mixed results.
"We are pleased to report another solid quarter driven by strong demand and stable credit performance across both our SMB and consumer businesses," said David Fisher, Enova’s CEO.
The company maintained strong credit metrics with a net charge-off ratio of 8.5% and a net revenue margin of 57%, compared to 58% in the third quarter of 2024. The consolidated 30+ day delinquency ratio improved to 7.2% YoY.
Net income for the quarter was $80 million, or $3.03 per diluted share, representing an 85% increase from $43 million, or $1.57 per diluted share, in the third quarter of 2024. Adjusted EBITDA increased 27% to $218 million.
"We have delivered six consecutive quarters of year-over-year adjusted EPS growth of at least 25% or more, and we remain confident in our ability to continue to generate meaningful financial results for the remainder of 2025 and beyond," said Steve Cunningham, CFO of Enova.
The company repurchased $38 million of common stock during the quarter and reported total liquidity of $1.2 billion as of September 30.
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