Enova reported second-quarter 2026 net income of $105.1 million and diluted earnings per share of $4.00, driven by revenue of $928.9 million. Adjusted diluted earnings per share were $4.31, up 33% year-over-year, while adjusted EBITDA rose to $255.8 million. The company cited 27% originations growth and a stable credit outlook as key operational drivers.
Financial Highlights
- Total revenue: $928.9 million for the three months ended June 30, 2026 (22% increase year-over-year).
- Net revenue (after change in fair value): $568.1 million for Q2 2026; net revenue margin reported at 61% (consolidated).
- Income from operations: $237.1 million for Q2 2026.
- Net income: $105.1 million; diluted EPS: $4.00 for Q2 2026 (basic EPS $4.22).
- Adjusted diluted earnings per share: $4.31 for Q2 2026; Adjusted EBITDA: $255.8 million (Adjusted EBITDA margin 27.5%).
Business Highlights
- Combined loans and finance receivables (fair value) increased to $6.20 billion at quarter end, reflecting portfolio growth versus prior year.
- Total company combined loans and finance receivables (principal and accrued) reached a record $5.5 billion with total originations of $2.3 billion in Q2 2026 (27% increase in originations year-over-year).
- Credit performance remained strong: consolidated net charge-off ratio decreased to 7.3% and >30 days delinquency was stable at 7.5% of the combined portfolio.
- Liquidity position: cash, marketable securities and available facility capacity totaled $929 million as of June 30, 2026.
- Corporate activity: management highlighted the planned acquisition of Grasshopper Bank and ongoing regulatory review, with transaction-related costs disclosed for the period.
Original SEC Filing:
This is an AI-powered summary. It may contain inaccuracies. Consider verifying important information with the source. Please note this summary is solely based on documents filed with the SEC.