Enova International (NYSE: ENVA) on Tuesday reported a 17 percent year-over-year revenue increase for the first quarter of 2026, driven by a surge in loan originations.
"Our first quarter results marked a great start to the year," said Steve Cunningham, Enova's CEO.
The financial services company posted adjusted earnings per share of $3.87, a 30 percent increase from the same period last year. Originations grew by 33 percent, while the net charge-off ratio stood at 7.6 percent. The company's liquidity totaled $1.1 billion at the end of the quarter.
The strong growth in originations and revenue suggests a healthy consumer credit market. The company did not disclose consensus estimates for revenue and EPS.
Enova's credit performance remained strong, with a net revenue margin of 60 percent. The company also noted stability in its consolidated 30+ day delinquency ratio, suggesting a stable credit outlook.
The results signal strong consumer demand for Enova's loan products. The company's ability to maintain strong credit performance while growing originations will be a key factor for investors to watch in the upcoming quarters.
This article is for informational purposes only and does not constitute investment advice.
