Enova Q3 Revenue Jumps 25.7% to $1.01B; Diluted EPS $4.06
ENVA sits 56% above its 52-week low of $111.125.
Summary
Enova reported Q3 2026 revenue of $1,009.2 million (+25.7%) and diluted EPS of $4.06, with small business lending driving growth while delinquency ticked up. The 10-Q also confirms the Grasshopper merger was terminated October 16 for a $4.0 million payment.
Key Events · Earnings and Guidance · ENVA
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Q3 Revenue Up 25.7% to $1.01B
Total revenue rose to $1,009.2 million from $802.7 million a year earlier, with small business revenue up 31.7% and consumer revenue up 21.1%.
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Diluted EPS $4.06, Net Income $107.3M
GAAP diluted EPS was $4.06 versus $3.03 in the prior-year quarter; net income rose 33.6% to $107.3 million.
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Delinquency Rises, Small Business Leads
Combined loans more than 30 days delinquent reached 8.0% of the portfolio versus 7.5% at June 30; small business delinquency was 7.8% versus 6.2% a year ago, which management says remains within the 6.2%-8.8% range of the prior three years.
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Grasshopper Deal Terminated for $4.0M
The merger agreement was mutually terminated effective October 16, 2026, with Enova making a $4.0 million cash payment to Grasshopper and no other fees owed by either side.
Analysis · ENVA · Finance
Growth outpaced the prior year on both lines: revenue rose 25.7% to $1,009.2 million and diluted EPS climbed to $4.06 from $3.03. Small business lending drove the expansion, with revenue up 31.7% and the portfolio growing 34.0% year over year to $3,984.6 million. Credit is the offset. Combined loans more than 30 days delinquent rose to 8.0% of the portfolio from 7.5% at June 30, and small business delinquency jumped to 7.8% from 6.2% a year ago, though management calls it within the 6.2%-8.8% range of the past three years. Funding is in place: $500.0 million of new ODAS IV notes in September, a $535.0 million HWCR facility and $817.4 million of aggregate capacity. The Grasshopper bank deal is now formally dead, closed out with a $4.0 million payment on October 16.
How filings like this one have moved
In the 30 days to Oct 22, 2026, 29.3% of the 1526 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.41%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, ENVA was trading at $173.00 on NYSE in the Finance sector, with a market capitalization of approximately $4.4B. The 52-week trading range was $111.13 to $267.45. This filing was assessed with positive market sentiment and an importance score of 7 out of 10.