Enova International held its 2025 Annual Meeting of Stockholders, where all ten director nominees were elected, executive compensation was approved in an advisory vote, and Deloitte & Touche LLP was ratified as the independent auditor for fiscal 2025. Approximately 22.4 million shares were voted out of 25.6 million outstanding.

Enova International stockholders re-elected all ten director nominees and approved both the executive compensation package and the appointment of Deloitte & Touche LLP as the company’s auditor for fiscal 2025. Over 87% of shares were represented at the meeting. All proposals received strong majority support.

Enova Reports Strong First Quarter 2025 Results with Double-Digit Revenue and Earnings Growth

Enova International announced strong first-quarter 2025 results, showcasing a 22% increase in revenue year-over-year to $746 million and a 26% growth in originations. Net income reached $73 million, up 51% from the same quarter last year, resulting in diluted earnings per share of $2.69. Adjusted earnings per share rose 56% to $2.98, and adjusted EBITDA climbed 27% to $190 million.

The company highlighted continued strong credit performance with a stable net charge-off ratio of 8.6% and a net revenue margin of 57%. Delinquency rates improved, with loans 30+ days past due declining to 7.7%, and the fair value premium on receivables remained consistent at 115%. Enova’s total combined loans and finance receivables reached a record $4.1 billion, reflecting 20% growth from Q1 2024.

Liquidity stood at $1.1 billion, and the company returned $63 million to shareholders through share repurchases. CEO David Fisher emphasized Enova’s diversified product portfolio and resilient digital model, citing consumer strength amid favorable labor and spending conditions.

The company reaffirmed confidence in its long-term strategy and continued commitment to delivering shareholder value through operational flexibility, risk management, and disciplined capital allocation.

Enova International Issues $261 Million in Asset-Backed Notes via OnDeck Subsidiary

CHICAGO, IL – March 20, 2025 – Enova International, Inc. (NYSE: ENVA) announced that its wholly-owned indirect subsidiary, OnDeck Asset Securitization IV, LLC (ODAS IV), has completed a $261.4 million asset-backed securitization through the issuance of Series 2025-1 Notes, secured by small business loans.

The transaction includes four tranches (Class A to D) with fixed interest rates ranging from 5.08% to 8.77%, all maturing in April 2032 and featuring a revolving period through March 2028. The average coupon across tranches is 5.89%. The proceeds were used to purchase loans from OnDeck and for general corporate purposes.

ODAS IV’s securitization is structured to be bankruptcy remote and subject to performance-based covenants, including delinquency thresholds and concentration limits. OnDeck will remain as servicer but may be replaced if performance obligations are not met.

The securities were privately placed and not registered under the Securities Act. Legal documents governing the transaction will be filed with Enova’s Q1 2025 10-Q filing.

Enova International has announced that its subsidiary, OnDeck Asset Securitization IV, LLC, plans to offer $261.4 million in Series 2025-1 Fixed Rate Asset-Backed Notes in a private securitization. The offering, subject to market conditions, is expected to close around March 20, 2025, with Kroll Bond Rating Agency assigning ratings.

The notes will be backed by a pool of small business loans originated or purchased by OnDeck. The proceeds will be used to acquire additional loans and support general corporate purposes. The offering will be available only to qualified institutional buyers and international investors under specific regulatory exemptions.

Enova emphasizes that these forward-looking statements involve risks, including market conditions and investor demand. The company does not guarantee the offering will be completed as planned.

Enova International, Inc. announced a proposed private offering of $261,392,000 in fixed-rate asset-backed notes through its wholly-owned indirect subsidiary, OnDeck Asset Securitization IV, LLC. The notes will be backed by a revolving pool of small business loans originated or purchased by another subsidiary, ODK Capital, LLC. The proceeds will be used to purchase these loans as collateral for the offering, with the company using the funds for general corporate purposes.

The terms and timing of the offering will depend on market conditions. The notes will not be obligations of Enova International or OnDeck and will not be registered under the Securities Act of 1933. They will only be offered to qualified institutional buyers under Rule 144A and to non-U.S. investors under Regulation S.

Enova also provided supplemental historical loan performance data for potential investors, detailing specific subsets of OnDeck's U.S. term loans and lines of credit with original terms of 24 months or less and minimum yields of 10 percent. The company clarified that this data differs from previously published loan performance metrics and may not indicate future performance.

Enova cautioned that forward-looking statements in the filing are subject to risks and uncertainties, including changes in credit markets, investor interest, and broader economic conditions. There is no guarantee that the offering will be completed as currently planned.