Enova International (ENVA) AI Stock Analysis

• Market Cap: $4.08B
• Dividend Yield: N/A
• Average Volume (3M): 260.24K
• Price to Earnings (P/E): 15.0
• Beta (1Y): 1.23
• Revenue Growth: 21.10%
• EPS Growth: 76.12%
• Country: US
• Employees: 1,787
• Sector: Financial
• Sector Strength: 70
• Industry: Financial - Credit Services
• EPS (TTM): 3.36
• Shares Outstanding: 24,777,390
• 10 Day Avg. Volume: 422,359
• 30 Day Avg. Volume: 260,238
• PEG Ratio: 0.34
• Price to Book (P/B): 2.16
• Price to Sales (P/S): 0.97
• P/FCF Ratio: 1.73
• Enterprise Value/Market Cap: 1.70
• Enterprise Value/Revenue: 2.29
• Enterprise Value/Gross Profit: 4.92
• Enterprise Value/Ebitda: 16.42
• 1Y Price Target: $176.33
• Price Target Upside: 8.09% Upside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 6
• EPS Forecast (FY): 12.73
• Revenue Forecast (FY): $3.15B

• Rating: 71 Outperform
• Price Target: $175.00 ▲(7.27% Upside)

Enova International's overall stock score reflects strong financial performance and strategic corporate actions, such as acquisitions and share buybacks, which enhance growth prospects. However, technical indicators suggest caution due to overbought conditions, and the company's high leverage requires careful management.

Positive Factors

Revenue Growth

Sustained revenue growth indicates strong market demand and effective business strategies, enhancing long-term financial stability.

Strategic Acquisitions

The acquisition of Grasshopper Bancorp enhances Enova's digital banking capabilities, expanding product offerings and market reach, supporting future growth.

Operational Efficiency

Improved EPS and revenue margins reflect operational efficiency and cost management, strengthening profitability and competitive positioning.

Negative Factors

High Leverage

High leverage can increase financial risk, potentially impacting cash flow and limiting flexibility, especially if interest rates rise.

Decreasing Gross Profit Margin

A declining gross profit margin suggests rising costs or pricing pressures, which could affect long-term profitability if not managed.

Consumer Credit Adjustment Concerns

Issues with consumer credit adjustments indicate potential risks in credit quality, which could impact future lending and revenue stability.

Enova International Business Overview & Revenue Model

Company Description

Enova International (ENVA) is a leading technology and analytics company that specializes in providing online financial services to consumers and small businesses. Operating primarily in the fintech sector, Enova offers a range of products including personal loans, lines of credit, and small business financing solutions. The company leverages advanced data analytics and technology to assess credit risk and deliver tailored financial products to underserved markets, focusing on providing quick and accessible funding options via its various online platforms.

How the Company Makes Money

Enova generates revenue primarily through interest and fees associated with its lending products. The company offers a variety of personal loans and lines of credit, which are typically characterized by higher interest rates compared to traditional banking products, thus allowing for significant margins. In addition to interest income, Enova earns revenue from origination fees, late fees, and other service charges related to its loans. The company also benefits from partnerships with various online platforms and affiliates that help drive customer acquisition and expand its market reach. By utilizing advanced data analytics, Enova can optimize its underwriting processes, leading to lower default rates and higher profitability. Overall, Enova's revenue model is heavily reliant on the volume of loans issued and the effective management of credit risk.

Enova International Financial Statement Overview

Summary

Enova International shows solid financial performance with consistent revenue growth and improved profitability margins. The company effectively generates cash, which supports its operations and growth initiatives. However, the increasing leverage poses a potential risk, requiring careful management to ensure financial stability.

Income Statement

Enova International has demonstrated consistent revenue growth, with a TTM revenue growth rate of 3.85%. The gross profit margin has decreased over time, from 78.46% in 2021 to 34.20% in TTM, indicating rising costs or pricing pressures. However, the net profit margin has improved to 9.64% in TTM, suggesting better cost management or efficiency gains. The EBIT and EBITDA margins have also improved, reflecting stronger operational performance.

Balance Sheet

The company's debt-to-equity ratio has increased to 3.20 in TTM, indicating higher leverage, which could pose a risk if interest rates rise or cash flows decline. Return on equity has improved to 23.90% in TTM, demonstrating effective use of equity to generate profits. The equity ratio has decreased, suggesting a higher reliance on debt financing.

Cash Flow

Enova International's cash flow performance is strong, with a TTM free cash flow growth rate of 5.11%. The operating cash flow to net income ratio is high at 6.92, indicating robust cash generation relative to reported earnings. The free cash flow to net income ratio is also strong at 0.97, suggesting efficient conversion of earnings into cash.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	3.04B	2.66B	2.12B	1.74B	1.21B	1.08B
Gross Profit	1.41B	1.24B	1.04B	1.00B	947.75M	597.50M
EBITDA	423.67M	334.52M	265.51M	304.97M	371.93M	290.84M
Net Income	293.10M	209.45M	175.12M	207.42M	256.30M	377.84M
Balance Sheet
Total Assets	5.96B	5.27B	4.59B	3.78B	2.76B	2.11B
Cash, Cash Equivalents and Short-Term Investments	53.60M	73.91M	377.44M	100.17M	165.48M	297.27M
Total Debt	4.14B	3.60B	2.99B	2.29B	1.43B	1.01B
Total Liabilities	4.68B	4.07B	3.35B	2.59B	1.67B	1.19B
Stockholders Equity	1.28B	1.20B	1.24B	1.19B	1.09B	917.35M
Cash Flow
Free Cash Flow	1.71B	1.50B	1.12B	850.37M	442.19M	711.38M
Operating Cash Flow	1.75B	1.54B	1.17B	894.00M	471.87M	740.87M
Investing Cash Flow	-2.22B	-1.91B	-1.49B	-1.67B	-980.37M	83.58M
Financing Cash Flow	573.70M	318.88M	526.54M	724.87M	365.15M	-535.97M

Enova International Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 163.14
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Negative
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For ENVA, the sentiment is Positive. The current price of 163.14 is above the 20-day moving average (MA) of 146.69, above the 50-day MA of 130.73, and above the 200-day MA of 110.93, indicating a bullish trend. The MACD of 10.54 indicates Negative momentum. The RSI at 76.09 is Negative, neither overbought nor oversold. The STOCH value of 84.18 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for ENVA.

Enova International Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
BFH	72 Outperform	$3.55B	7.80	14.81%	1.11%	-4.32%	58.34%
ENVA	71 Outperform	$4.08B	14.99	23.81%	―	21.10%	76.12%
FINV	71 Outperform	$1.32B	3.63	17.76%	5.20%	9.32%	29.40%
LC	70 Outperform	$2.30B	22.12	7.40%	―	9.68%	94.85%
WU	69 Neutral	$2.96B	4.01	97.70%	10.20%	-2.51%	17.47%
Sector *	68 Neutral	$18.00B	11.42	9.92%	3.81%	9.73%	1.22%
LU	52 Neutral	$2.35B	-3.49	―	―	―	―

Enova International Corporate Events

Enova International Simplifies Terms of Grasshopper Bancorp Merger

On December 18, 2025, Enova International and Grasshopper Bancorp amended their previously announced December 10, 2025 merger agreement to simplify how Grasshopper shareholders are paid in the planned transaction. The amendment removes shareholders’ ability to elect either cash or stock and instead fixes the merger consideration at a uniform mix of 50% cash and 50% Enova stock for all Grasshopper investors, while keeping the overall aggregate consideration unchanged, which streamlines deal mechanics without altering the core terms of the merger and subsequent bank merger structure.

Enova International Announces Acquisition of Grasshopper Bancorp

On December 10, 2025, Enova International announced a definitive agreement to acquire Grasshopper Bancorp, Inc. in a transaction valued at approximately $369 million. This merger aims to combine Enova’s online lending capabilities with Grasshopper’s digital banking infrastructure, creating a more diversified financial services provider. The transaction is expected to close in the second half of 2026, subject to regulatory and stockholder approvals. The merger is anticipated to enhance Enova’s product offerings, expand its market reach, and provide significant financial benefits, including increased earnings per share accretion and strengthened balance sheet flexibility.

Enova International Amends Revolving Receivables Facility

On November 24, 2025, Enova International‘s subsidiary, OnDeck Receivables 2021, LLC, amended its existing revolving receivables facility, known as the ODR 2021-1 Securitization Facility. The amendment, which involves JPMorgan Chase Bank and Deutsche Bank Trust Company Americas, adjusts the borrowing terms and extends the revolving period and maturity date to November 2027 and November 2028, respectively. This move is likely to impact Enova’s financial operations by providing enhanced liquidity and flexibility in managing its receivables.

Enova International’s Subsidiary Issues $261.4M in Notes

On November 13, 2025, Enova International‘s subsidiary, OnDeck Asset Securitization IV, LLC, issued $261.4 million in Fixed-Rate Asset Backed Notes as part of a securitization transaction. The proceeds from this transaction were used to purchase small business loans, which will serve as collateral for the notes. This move is expected to enhance Enova’s financial flexibility and strengthen its position in the small business lending market. The transaction involves various compliance requirements and covenants to ensure the stability and performance of the asset-backed securitization facility.

Enova International Announces $400 Million Share Buyback

On November 12, 2025, Enova International announced that its Board of Directors authorized a new $400 million share repurchase program, replacing the existing $300 million program. This move, the largest in the company’s history, underscores Enova’s confidence in its business model and long-term growth prospects, while maintaining financial flexibility to enhance shareholder value through investments and share repurchases.

Enova International Announces Asset-Backed Notes Offering

On October 30, 2025, Enova International, Inc. announced that its subsidiary, OnDeck Asset Securitization IV, LLC, plans to offer $261,434,000 in Series 2025-2 Fixed Rate Asset-Backed Notes in a private transaction. The proceeds will be used to purchase small business loans from OnDeck, which will serve as collateral for the notes. The transaction is expected to close around November 13, 2025, with the notes maturing on November 17, 2032. This move is part of Enova’s strategy to leverage its small business loan portfolio, although the notes will not be obligations of Enova or OnDeck, and are offered only to qualified institutional buyers.

Enova International Reveals Loan Performance Data for Offering

Enova International announced a proposed private offering of $261,434,000 in Series 2025-2 Fixed Rate Asset-Backed Notes through its subsidiary OnDeck Asset Securitization IV, LLC. The proceeds will be used to purchase small business loans from OnDeck, which will serve as collateral for the notes. The offering targets qualified institutional buyers and is not registered under the Securities Act of 1933. On October 30, 2025, Enova disclosed supplemental historical loan performance data to potential purchasers, highlighting specific subsets of OnDeck’s U.S. term loans and lines of credit. This data, while not directly comparable to previous reports, provides insights into loan performance and delinquency rates, which could impact investor interest and pricing of the notes.