Tearsheet

Enova International (ENVA)


Market Price (4/20/2026): $162.8 | Market Cap: $4.0 Bil
Sector: Financials | Industry: Consumer Finance

Enova International (ENVA)


Market Price (4/20/2026): $162.8
Market Cap: $4.0 Bil
Sector: Financials
Industry: Consumer Finance

Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.

0

Attractive yield
Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 7.7%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 3.7%, FCF Yield is 44%

Attractive cash flow generation
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 58%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 56%

Low stock price volatility
Vol 12M is 38%

Megatrend and thematic drivers
Megatrends include Fintech & Digital Payments, and AI in Financial Services. Themes include Online Banking & Lending, and AI for Credit Risk Management.

Debt is significant
Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 111%

Key risks
ENVA key risks include [1] increased legal and regulatory scrutiny of its non-prime lending model and data underwriting, Show more.

0 Attractive yield
Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 7.7%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 3.7%, FCF Yield is 44%
1 Attractive cash flow generation
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 58%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 56%
2 Low stock price volatility
Vol 12M is 38%
3 Megatrend and thematic drivers
Megatrends include Fintech & Digital Payments, and AI in Financial Services. Themes include Online Banking & Lending, and AI for Credit Risk Management.
4 Debt is significant
Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 111%
5 Key risks
ENVA key risks include [1] increased legal and regulatory scrutiny of its non-prime lending model and data underwriting, Show more.

Valuation, Metrics & Events

Price Chart

Why The Stock Moved

Qualitative Assessment

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Enova International (ENVA) stock has gained about 5% since 12/31/2025 because of the following key factors:

1. Strong Fourth Quarter 2025 Financial Performance: Enova reported robust fourth-quarter 2025 results on January 27, 2026, with diluted earnings per share increasing 30% and adjusted earnings per share rising 33% from the prior year. Quarterly revenue also grew 15.0% year-over-year to $1.34 billion, significantly surpassing analyst estimates of $838.59 million. This strong performance, including a 32% year-over-year increase in origination volumes, provided a solid foundation, preventing any significant downward pressure on the stock during the period.

2. Anticipation and Integration Dynamics of Grasshopper Bank Acquisition: The definitive agreement to acquire Grasshopper Bancorp, announced on December 11, 2025, is a strategic move aimed at driving geographic expansion and enhancing operating efficiency, with a projected growth rate of over 20% in total company originations by 2026. While positive for long-term outlook, the market may be in a "wait and see" mode regarding the successful closing and integration of the acquisition, balancing the anticipated benefits against potential execution risks or changes in deal economics.

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Stock Movement Drivers

Fundamental Drivers

The 3.6% change in ENVA stock from 12/31/2025 to 4/19/2026 was primarily driven by a 3.6% change in the company's Total Revenues ($ Mil).
(LTM values as of)123120254192026Change
Stock Price ($)157.20162.813.6%
Change Contribution By: 
Total Revenues ($ Mil)3,0423,1523.6%
Net Income Margin (%)9.6%9.8%1.5%
P/E Multiple13.413.1-2.4%
Shares Outstanding (Mil)25250.8%
Cumulative Contribution3.6%

LTM = Last Twelve Months as of date shown

Market Drivers

12/31/2025 to 4/19/2026
ReturnCorrelation
ENVA3.6% 
Market (SPY)-5.4%44.8%
Sector (XLF)-4.3%70.2%

Fundamental Drivers

The 41.5% change in ENVA stock from 9/30/2025 to 4/19/2026 was primarily driven by a 15.0% change in the company's P/E Multiple.
(LTM values as of)93020254192026Change
Stock Price ($)115.09162.8141.5%
Change Contribution By: 
Total Revenues ($ Mil)2,9293,1527.6%
Net Income Margin (%)8.7%9.8%11.9%
P/E Multiple11.413.115.0%
Shares Outstanding (Mil)25252.2%
Cumulative Contribution41.5%

LTM = Last Twelve Months as of date shown

Market Drivers

9/30/2025 to 4/19/2026
ReturnCorrelation
ENVA41.5% 
Market (SPY)-2.9%40.3%
Sector (XLF)-2.3%66.0%

Fundamental Drivers

The 68.6% change in ENVA stock from 3/31/2025 to 4/19/2026 was primarily driven by a 24.2% change in the company's Net Income Margin (%).
(LTM values as of)33120254192026Change
Stock Price ($)96.56162.8168.6%
Change Contribution By: 
Total Revenues ($ Mil)2,6583,15218.6%
Net Income Margin (%)7.9%9.8%24.2%
P/E Multiple12.013.18.5%
Shares Outstanding (Mil)26255.6%
Cumulative Contribution68.6%

LTM = Last Twelve Months as of date shown

Market Drivers

3/31/2025 to 4/19/2026
ReturnCorrelation
ENVA68.6% 
Market (SPY)16.3%59.1%
Sector (XLF)6.3%70.1%

Fundamental Drivers

The 266.4% change in ENVA stock from 3/31/2023 to 4/19/2026 was primarily driven by a 94.4% change in the company's P/E Multiple.
(LTM values as of)33120234192026Change
Stock Price ($)44.43162.81266.4%
Change Contribution By: 
Total Revenues ($ Mil)1,7363,15281.5%
Net Income Margin (%)11.9%9.8%-18.1%
P/E Multiple6.713.194.4%
Shares Outstanding (Mil)312526.8%
Cumulative Contribution266.4%

LTM = Last Twelve Months as of date shown

Market Drivers

3/31/2023 to 4/19/2026
ReturnCorrelation
ENVA266.4% 
Market (SPY)63.3%53.7%
Sector (XLF)70.3%63.8%

Return vs. Risk

Price Returns Compared

 202120222023202420252026Total [1]
Returns
ENVA Return65%-6%44%73%64%-1%530%
Peers Return92%-59%75%59%24%-13%139%
S&P 500 Return27%-19%24%23%16%3%87%

Monthly Win Rates [3]
ENVA Win Rate50%42%67%50%58%50% 
Peers Win Rate52%28%53%55%62%30% 
S&P 500 Win Rate75%42%67%75%67%50% 

Max Drawdowns [4]
ENVA Max Drawdown-9%-35%-6%-2%-10%-17% 
Peers Max Drawdown-6%-65%-18%-24%-36%-30% 
S&P 500 Max Drawdown-1%-25%-1%-2%-15%-7% 


[1] Cumulative total returns since the beginning of 2021
[2] Peers: OMF, UPST, LC, SOFI, BFH.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 4/17/2026 (YTD)

How Low Can It Go

Unique KeyEventENVAS&P 500
2022 Inflation Shock2022 Inflation Shock  
2022 Inflation Shock% Loss% Loss-42.8%-25.4%
2022 Inflation Shock% Gain to Breakeven% Gain to Breakeven75.0%34.1%
2022 Inflation ShockTime to BreakevenTime to Breakeven231 days464 days
2020 Covid Pandemic2020 Covid Pandemic  
2020 Covid Pandemic% Loss% Loss-67.9%-33.9%
2020 Covid Pandemic% Gain to Breakeven% Gain to Breakeven211.9%51.3%
2020 Covid PandemicTime to BreakevenTime to Breakeven324 days148 days
2018 Correction2018 Correction  
2018 Correction% Loss% Loss-52.7%-19.8%
2018 Correction% Gain to Breakeven% Gain to Breakeven111.3%24.7%
2018 CorrectionTime to BreakevenTime to Breakeven810 days120 days

Compare to OMF, UPST, LC, SOFI, BFH

In The Past

Enova International's stock fell -42.8% during the 2022 Inflation Shock from a high on 2/10/2022. A -42.8% loss requires a 75.0% gain to breakeven.

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About Enova International (ENVA)

Enova International, Inc., a technology and analytics company, provides online financial services in the United States, Brazil, Australia, and Canada. The company offers installment loans; line of credit accounts; receivables purchase agreements; CSO programs, including arranging loans with independent third-party lenders and assisting in the preparation of loan applications and loan documents; and bank programs, such as marketing services and loan servicing for near-prime unsecured consumer installment loan. It markets its financing products under the CashNetUSA, NetCredit, OnDeck, Headway Capital, The Business Backer, Simplic, and Pangea names. Enova International, Inc. was incorporated in 2011 and is headquartered in Chicago, Illinois.

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1. The **LendingClub** for online personal loans, often serving a broader spectrum of consumers.

2. The **PayPal Business Funding** for small businesses seeking online loans.

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  • Installment Loans: Loans that are repaid over a set period with regularly scheduled payments.
  • Line of Credit Accounts: Flexible credit that allows customers to borrow funds up to a certain limit, repay it, and then borrow again.
  • Receivables Purchase Agreements: Agreements where Enova purchases a business's accounts receivable, providing immediate capital.
  • CSO Programs (Credit Services Organization Programs): Services where Enova arranges loans with independent third-party lenders and assists customers with loan applications.
  • Bank Programs: Marketing and loan servicing support for near-prime unsecured consumer installment loans offered through partner banks.

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Enova International (ENVA) sells primarily to individuals and small businesses. The company provides online financial services directly to these customers through its various brands.

The major customer categories served by Enova International are:

  1. Individual Consumers: Customers seeking near-prime or sub-prime unsecured consumer installment loans, lines of credit, and other personal financial products. These individuals often utilize brands such as CashNetUSA, NetCredit, and Simplic.
  2. Small and Medium-Sized Businesses (SMBs): Business owners requiring capital, lines of credit, or other financing solutions for their operations. Brands like OnDeck, Headway Capital, and The Business Backer cater to this customer segment.

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  • Equifax Inc. (EFX)
  • Experian plc (EXPN)
  • TransUnion (TRU)

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Steven Cunningham, Chief Executive Officer

Steven Cunningham became the Chief Executive Officer of Enova International on January 1, 2026, transitioning from his previous role as Chief Financial Officer, a position he held since joining Enova on June 20, 2016. Prior to Enova, he served as Executive Vice President and Chief Risk Officer at Discover Financial Services. His career also includes serving as Senior Vice President and Treasurer at Discover, Chief Financial Officer of Harley-Davidson Financial Services, and senior finance leadership roles at Capital One. Earlier in his career, he worked as a bank regulator with the FDIC.

Scott Cornelis, Chief Financial Officer

Scott Cornelis was appointed Chief Financial Officer of Enova International on January 1, 2026. He joined Enova in 2017 and previously served as the company's Treasurer and Vice President of Finance. Before his tenure at Enova, Mr. Cornelis was the Head of Capital Markets at BorrowersFirst, Inc. He also spent over a decade at J.P. Morgan as an Executive Director in the Investment Banking division, advising clients on capital markets transactions.

David Fisher, Executive Chairman

David Fisher transitioned to Executive Chairman of Enova's Board of Directors on January 1, 2026, after serving as Chief Executive Officer from January 29, 2013, through December 31, 2025. He also became Chairman of the Board on October 14, 2014. Previously, Mr. Fisher was Chief Executive Officer of optionsXpress Holdings, Inc. from October 2007 until its acquisition by The Charles Schwab Corporation in September 2011, after which he served as President of optionsXpress until March 2012. He also held roles as Chief Financial Officer of Potbelly Sandwich Works and Chief Financial Officer and General Counsel for Prism Financial Corporation.

Kirk Chartier, Chief Strategy Officer

Kirk Chartier joined Enova International in 2013 and currently serves as the company's Chief Strategy Officer. From 2010 to 2012, he was the CMO at optionsXpress, where he led global marketing and business development, followed by the integration into Charles Schwab after its sale. He also served as the Senior Managing Principal for Strategy at Zyman Group.

Sean Rahilly, General Counsel and Chief Compliance Officer

Sean Rahilly serves as Enova International's General Counsel and Chief Compliance Officer.

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AI Analysis | Feedback

The key risks to Enova International (ENVA) primarily revolve around its highly regulated industry, the credit quality of its target borrower base, and intense market competition.

  1. Regulatory and Compliance Risks: The financial services industry, particularly online and consumer lending, is heavily regulated, exposing Enova to ongoing challenges related to compliance with consumer credit, tax, and other federal, state, and international laws. Changes in regulations, such as potential federal or state-level interest rate caps, or increased scrutiny from bodies like the Consumer Financial Protection Bureau (CFPB), could significantly impact the company's product offerings, operational costs, and profitability. Furthermore, Enova's pending acquisition of Grasshopper Bancorp, Inc. introduces new regulatory requirements associated with owning an insured bank, which could add complexity and strain resources.

  2. Credit Risk and Economic Downturns: Enova International serves non-prime and near-prime borrowers, a demographic inherently more vulnerable to economic fluctuations. Consequently, the performance of Enova's loan and finance receivables portfolios is highly sensitive to economic conditions. A sustained economic downturn, rising unemployment rates, or persistent inflation could lead to reduced consumer spending, increased loan defaults, and higher net charge-off rates, directly impacting the company's financial performance. The company typically maintains elevated net charge-off rates due to the risk profile of its customer base.

  3. Competitive Market Landscape: Enova operates in a highly competitive industry with numerous players offering similar financial products and services. The company must contend with both traditional financial institutions and emerging fintech competitors. As new entrants and existing competitors innovate, and potentially operate under less stringent regulatory models, Enova could face increased pressure on loan volumes, pricing, and overall market share.

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  • Expansion of Buy Now, Pay Later (BNPL) services: The rapid growth of BNPL providers such as Klarna, Affirm, and Afterpay, coupled with entries from major tech companies like Apple (with Apple Pay Later), presents a significant emerging threat. These services offer consumers flexible, often interest-free installment plans at the point of sale, directly competing with Enova's shorter-term installment loans and lines of credit, particularly for near-prime customers seeking smaller, quick credit solutions.
  • Increased competition from large technology companies entering the lending space: The entry of major tech giants, exemplified by Apple's launch of Apple Pay Later, signals a new wave of competition. These companies possess massive user bases, strong brand trust, and significant data and technological resources, allowing them to offer credit products that could attract Enova's target demographic through seamless integration and potentially more competitive terms.

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Here are the addressable market sizes for Enova International's main products and services:

United States

  • Digital Lending Market: The U.S. digital lending market was valued at USD 303.51 billion in 2025 and is estimated to grow to USD 592.87 billion by 2031.
  • Subprime Unsecured Consumer Loans: The estimated total addressable market for U.S. subprime unsecured loans is over $30 billion.
  • Near-Prime Unsecured Consumer Loans: The estimated total addressable market for U.S. near-prime unsecured loans is over $45 billion.
  • Installment Loans (Personal): Personal installment loans accounted for 37.51% of digital lending originations in 2025. The North American installment loans market held a 40-45% share of the global market, which is estimated to be valued at approximately USD 16.85 billion in 2026.
  • Small Business Lending: The U.S. small business loan market was valued at $245.39 billion in 2023 and is projected to reach $349.64 billion by 2033. In 2023, banks made over $328 billion in loans to small businesses in the U.S.

Brazil

  • Digital Banking/Fintech Market: The Brazil Digital Banking Market was valued at USD 2.33 billion (based on a five-year historical analysis) and reached USD 2.5 billion in 2025, with projections to reach USD 4.8 billion by 2034. The Brazil Online Loan and FinTech Lending Market is valued at USD 220 million (based on a five-year historical analysis) and is expected to grow to approximately US$3.35 billion by 2029.
  • Consumer Lending: The outstanding balance in the Brazil consumer lending market is estimated at USD 699.28 billion in 2025, with gross lending at USD 766.76 billion in 2025. The portfolio for "Acquisition of Other Goods (mostly Installment Loans)" was R$ 27.11 billion (approximately USD 5.4 billion) in June.
  • Small Business Lending: Null

Australia

  • Fintech Market: The Australia Fintech Market was valued at USD 4.5 billion in 2025 and is projected to reach USD 9.7 billion by 2034. Another report values the Australia fintech market at USD 11.78 billion in 2025, estimated to grow to USD 26.85 billion by 2031. The alternative lending market in Australia is expected to grow to US$23.07 billion by 2026 and approximately US$33.58 billion by the end of 2029.
  • Personal Loans/Installment Loans: The Australia personal loan market size was valued at AUD 2.04 billion in 2025 and is projected to reach AUD 16.17 billion by 2035. Australians borrowed around $9.3 billion in fixed-term personal loans in the September quarter of 2025.
  • Small Business Lending (SME Lending): The total SME lending market in Australia was $450 billion in April 2022, with small businesses accounting for $138.4 billion and medium businesses for $312.6 billion. New lending to SMEs in Australia was $179 billion in 2025.

Canada

  • Fintech Market: The Canada fintech market size reached USD 4.38 billion in 2024 and is projected to reach USD 18.84 billion by 2033. Canadian banking revenues from retail and small and medium-size enterprises (SMEs) reached $135 billion in 2022, with 3% going to fintech.
  • Installment Loans (Personal)/Lines of Credit (Consumer): Null
  • Small Business Lending: The Canadian alternative lending market reached $2.17 billion in 2024 and is projected to grow to $4.20 billion by 2028. Banks authorized close to $298 billion in credit to SMEs in 2025, with about $187 billion drawn.

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Expected Drivers of Future Revenue Growth for Enova International (ENVA)

  • Continued Origination Growth: Enova International anticipates sustained growth in originations across both its small business and consumer lending segments. The company reported a 32% year-over-year increase in originations in Q4 2025, with small business originations rising by 48% and consumer originations by 2%. For the full year 2026, Enova expects originations to grow by approximately 15%, with overall revenue growth projected to mirror this increase. This focus on increasing the volume of new loans and finance receivables is a primary driver of revenue expansion.
  • Acquisition and Integration of Grasshopper Bank: A significant driver of future revenue growth is the pending acquisition of Grasshopper Bancorp, Inc. and its subsidiary, Grasshopper Bank, expected to close in the second half of 2026. This acquisition is projected to generate annual net synergies ranging from $125 million to $220 million and to boost earnings per share (EPS) by over 25% post-synergies. Uniting Enova's online lending platform with Grasshopper's digital banking capabilities under a national bank charter will enable Enova to serve customers in more states and deliver a comprehensive suite of financial products, thereby expanding its market reach and product offerings.
  • Expansion of Small Business Lending: Enova's small business lending segment has demonstrated robust growth, with revenue increasing by 29% year-over-year in Q3 2025 and 34% in Q4 2025. Small business originations also saw substantial increases, rising 31% in Q3 2025 and 48% in Q4 2025. The company notes strong demand from small businesses, particularly those not served by traditional banks, indicating that this segment will continue to be a key engine for revenue growth.
  • Leveraging Advanced Technology and Analytics: As a technology and analytics company, Enova utilizes proprietary machine learning models and world-class analytics to enhance its credit offerings and operational efficiency. This technological advantage allows for precise credit pricing, effective risk management, and quick evaluation of loan applications. Continuous investment in its technological infrastructure helps maintain a competitive edge and improves the user experience, supporting sustainable revenue growth.
  • Strong Credit Performance and Risk Management: Enova's consistent solid credit performance and effective risk management contribute significantly to its financial strength and revenue growth. Maintaining a stable credit outlook, including a net revenue margin of 60% in Q4 2025 and year-over-year improvement in consolidated 30+ day delinquency ratios, allows the company to lend more aggressively and profitably. This reduction in losses and optimized lending practices directly supports higher revenue generation.

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Share Repurchases

  • Enova International's Board of Directors authorized a new $400 million share repurchase program on November 12, 2025, which is set to expire on June 30, 2027. This program replaced a previous $300 million authorization.
  • The company repurchased $35 million of common stock during the fourth quarter of 2025.
  • In the third quarter of 2025, Enova repurchased $38 million of common stock.

Share Issuance

  • As of December 31, 2025, Enova had 46,520,916 shares issued and 24,715,608 shares outstanding.

Outbound Investments

  • Enova announced the acquisition of Grasshopper Bancorp, Inc. and its wholly-owned subsidiary Grasshopper Bank, with the closure anticipated in the second half of 2026. This acquisition aims to expand the company's digital lending capabilities and integrate a regulated bank charter.

Capital Expenditures

  • Enova reported capital expenditures of -$47.14 million over the last 12 months.
  • Management utilizes Adjusted EBITDA Measures to assess Enova's capacity for making capital expenditures.
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Recent Active Movers

Peer Comparisons

Peers to compare with:

Financials

ENVAOMFUPSTLCSOFIBFHMedian
NameEnova In.OneMain Upstart LendingC.SoFi Tec.Bread Fi. 
Mkt Price162.8159.2634.5717.4419.4390.5846.91
Mkt Cap4.07.03.42.023.84.14.1
Rev LTM3,1524,9711,0249993,6133,8453,383
Op Inc LTM407-----407
FCF LTM1,7723,132-166-2,867-3,9942,092803
FCF 3Y Avg1,4632,783-38-2,251-4,2081,975713
CFO LTM1,8193,132-148-2,727-3,7422,092836
CFO 3Y Avg1,5082,783-24-2,166-4,0301,979742

Growth & Margins

ENVAOMFUPSTLCSOFIBFHMedian
NameEnova In.OneMain Upstart LendingC.SoFi Tec.Bread Fi. 
Rev Chg LTM18.6%9.6%62.8%26.9%38.3%0.2%22.7%
Rev Chg 3Y Avg22.0%5.8%15.7%-3.1%32.1%0.2%10.8%
Rev Chg Q15.1%8.6%30.7%22.7%39.6%5.4%18.9%
QoQ Delta Rev Chg LTM3.6%2.1%6.8%5.2%8.8%1.3%4.4%
Op Inc Chg LTM38.2%-----38.2%
Op Inc Chg 3Y Avg17.5%-----17.5%
Op Mgn LTM12.9%-----12.9%
Op Mgn 3Y Avg11.6%-----11.6%
QoQ Delta Op Mgn LTM0.4%-----0.4%
CFO/Rev LTM57.7%63.0%-14.4%-273.0%-103.6%54.4%20.0%
CFO/Rev 3Y Avg56.9%60.4%-2.3%-246.4%-163.1%49.7%23.7%
FCF/Rev LTM56.2%63.0%-16.2%-287.1%-110.5%54.4%19.1%
FCF/Rev 3Y Avg55.1%60.4%-4.2%-255.7%-169.4%49.6%22.7%

Valuation

ENVAOMFUPSTLCSOFIBFHMedian
NameEnova In.OneMain Upstart LendingC.SoFi Tec.Bread Fi. 
Mkt Cap4.07.03.42.023.84.14.1
P/S1.31.43.32.06.61.11.7
P/Op Inc9.9-----9.9
P/EBIT9.9-----9.9
P/E13.18.963.014.849.47.913.9
P/CFO2.22.2-22.8-0.7-6.41.90.6
Total Yield7.7%18.4%1.6%6.7%2.0%13.8%7.2%
Dividend Yield0.0%7.2%0.0%0.0%0.0%1.0%0.0%
FCF Yield 3Y Avg57.8%41.9%-1.4%-134.3%-32.3%82.0%20.2%
D/E1.13.30.50.00.11.10.8
Net D/E1.13.10.4-0.4-0.20.20.3

Returns

ENVAOMFUPSTLCSOFIBFHMedian
NameEnova In.OneMain Upstart LendingC.SoFi Tec.Bread Fi. 
1M Rtn20.6%15.1%33.1%24.7%15.0%21.4%21.0%
3M Rtn3.8%-7.7%-28.2%-15.7%-25.6%23.2%-11.7%
6M Rtn49.5%13.5%-25.7%13.3%-26.8%54.5%13.4%
12M Rtn78.3%43.9%-15.5%83.6%77.0%96.0%77.6%
3Y Rtn237.4%97.6%126.1%141.6%228.2%237.5%184.9%
1M Excs Rtn11.6%11.0%26.3%23.4%5.5%19.5%15.6%
3M Excs Rtn2.3%-9.8%-30.5%-17.0%-29.1%26.0%-13.4%
6M Excs Rtn38.9%4.7%-39.1%-1.2%-37.5%45.8%1.8%
12M Excs Rtn44.6%10.9%-46.6%52.5%45.6%69.3%45.1%
3Y Excs Rtn182.2%30.2%36.8%72.9%159.7%175.0%116.3%

Comparison Analyses

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Financials

Segment Financials

Revenue by Segment
$ Mil20252024202320222021
Consumer loans and finance receivables revenue1,5771,2951,065815962
Small business loans and finance receivables revenue1,043791648377114
Other383223168
Total2,6582,1181,7361,2081,084


Price Behavior

Price Behavior
Market Price$162.81 
Market Cap ($ Bil)4.0 
First Trading Date11/13/2014 
Distance from 52W High-5.5% 
   50 Days200 Days
DMA Price$143.35$131.91
DMA Trendupdown
Distance from DMA13.6%23.4%
 3M1YR
Volatility41.4%38.5%
Downside Capture0.430.50
Upside Capture166.04145.61
Correlation (SPY)46.3%45.8%
ENVA Betas & Captures as of 3/31/2026

 1M2M3M6M1Y3Y
Beta1.331.511.361.281.321.37
Up Beta-1.010.191.210.611.191.31
Down Beta1.340.631.291.181.451.50
Up Capture197%189%113%190%179%334%
Bmk +ve Days7162765139424
Stock +ve Days11213270138403
Down Capture115%202%156%124%116%105%
Bmk -ve Days12233358110323
Stock -ve Days11213156113345

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with ENVA
ENVA76.0%38.5%1.56-
Sector ETF (XLF)12.1%15.3%0.5564.4%
Equity (SPY)21.1%12.9%1.3247.2%
Gold (GLD)50.9%27.5%1.49-12.5%
Commodities (DBC)25.2%16.2%1.40-4.1%
Real Estate (VNQ)17.5%13.7%0.9329.0%
Bitcoin (BTCUSD)-7.8%42.6%-0.0821.6%

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Based On 5-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with ENVA
ENVA36.4%40.4%0.89-
Sector ETF (XLF)10.0%18.7%0.4265.2%
Equity (SPY)10.8%17.1%0.4956.8%
Gold (GLD)22.6%17.8%1.04-0.9%
Commodities (DBC)11.6%18.8%0.5112.6%
Real Estate (VNQ)4.4%18.8%0.1445.6%
Bitcoin (BTCUSD)5.2%56.5%0.3123.5%

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Based On 10-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with ENVA
ENVA39.6%50.0%0.87-
Sector ETF (XLF)13.4%22.2%0.5558.2%
Equity (SPY)14.0%17.9%0.6749.3%
Gold (GLD)14.3%15.9%0.75-0.7%
Commodities (DBC)8.5%17.6%0.4020.2%
Real Estate (VNQ)5.6%20.7%0.2443.7%
Bitcoin (BTCUSD)68.4%66.9%1.0715.0%

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Short Interest

Short Interest: As Of Date3312026
Short Interest: Shares Quantity1.9 Mil
Short Interest: % Change Since 3152026-2.0%
Average Daily Volume0.2 Mil
Days-to-Cover Short Interest8.4 days
Basic Shares Quantity24.8 Mil
Short % of Basic Shares7.7%

Earnings Returns History

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 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
1/27/20261.0%0.9%-5.9%
10/23/20259.4%4.6%8.9%
7/24/2025-5.3%-6.4%2.0%
4/29/2025-7.8%-7.1%-6.3%
2/4/20251.6%1.4%-17.4%
10/22/2024-1.9%-3.1%11.1%
7/23/20244.1%15.0%10.2%
4/23/2024-1.2%-5.9%-6.5%
...
SUMMARY STATS   
# Positive121214
# Negative121210
Median Positive5.2%8.8%10.2%
Median Negative-3.7%-7.5%-7.3%
Max Positive16.9%20.2%42.5%
Max Negative-18.2%-19.1%-18.3%

SEC Filings

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Report DateFiling DateFiling
12/31/202502/20/202610-K
09/30/202510/24/202510-Q
06/30/202507/25/202510-Q
03/31/202504/29/202510-Q
12/31/202402/18/202510-K
09/30/202410/23/202410-Q
06/30/202407/24/202410-Q
03/31/202404/24/202410-Q
12/31/202302/23/202410-K
09/30/202310/25/202310-Q
06/30/202307/28/202310-Q
03/31/202304/28/202310-Q
12/31/202202/24/202310-K
09/30/202210/28/202210-Q
06/30/202207/29/202210-Q
03/31/202205/03/202210-Q

Insider Activity

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#OwnerTitleHoldingActionFiling DatePriceSharesTransacted
Value
Value of
Held Shares
Form
1Fisher, DavidChief Executive OfficerDirectSell12182025160.2415,0002,403,66055,800,646Form
2Fisher, DavidChief Executive OfficerDirectSell11252025124.256,000745,52943,268,379Form
3Cunningham, Steven EChief Financial OfficerDirectSell10312025120.7014,8741,795,29015,415,671Form
4Fisher, DavidChief Executive OfficerDirectSell10292025122.616,000735,66742,696,005Form
5Fisher, DavidChief Executive OfficerDirectSell9232025125.5535,0004,394,20843,718,980Form