Enova International had a successful third quarter with strong revenue growth. Small business lending revenue increased by 29% year over year to $348 million, while consumer lending revenue increased by 8% to $443 million. Credit quality remains solid, with stable customer bases supporting growth. The company remains optimistic about its future outlook and is focusing on sustainable and profitable growth.

Enova expects revenue to increase by 10-15% in 2025, driven by strong SMB growth and a reacceleration of growth in the consumer portfolio. Credit performance continues to be strong, with stable net charge-off ratios and solid credit metrics across both small business and consumer portfolios. Marketing expenses are expected to be around 20% of revenue in Q4, with a focus on accelerating growth in consumer originations.

The company has a strong balance sheet and liquidity position, with $1.2 billion in liquidity at the end of Q3. Cost of funds declined to 8.6%, driven by lower short-term interest rates and strong execution on financing transactions. Enova continues to focus on operating efficiency, with marketing spend in line with guidance and operations and technology expenses at 8% of revenue. Adjusted EPS increased by 37% year over year to $3.36 per diluted share, reflecting strong profitability and returns on equity.

Enova remains confident in its ability to generate meaningful financial results for the remainder of 2025 and beyond. The company will continue to focus on growth with financial consistency, driving sustainable and profitable growth while meeting the needs of customers and shareholders. The management team is committed to unlocking the full value of the company and will continue to lean into capital returns through share repurchases.

Read more at Yahoo Finance: Enova Q3 2025 Earnings Call Transcript