The EPS and revenue miss vs consensus is the primary catalyst for a negative reaction. Monitor the upcoming Q4 2026 earnings for any guidance on 2027 outlook and the status of the Grasshopper Bank acquisition, which is expected to close in H2 2026.
Price Chart
Executive Summary
Enova reported Q3 2026 revenue of $1.01B (+26% YoY) and GAAP diluted EPS of $4.06 (+34% YoY), but missed consensus EPS of $4.62 by 12.1% and revenue of $1.05B by 3.9%. Strong originations growth (+31%) and stable credit (net charge-off ratio 8.1% vs 8.5% a year ago) were offset by higher marketing spend and interest expense. The company did not provide explicit forward guidance in the filing.
Key Financial Metrics
Key Facts
- Revenue of $1.009 billion increased 26% YoY from $803 million.
- GAAP diluted EPS of $4.06 increased 34% from $3.03 a year ago.
- Adjusted EPS of $4.48 increased 33% from $3.36 a year ago.
- Consensus EPS estimate was $4.62; actual GAAP diluted EPS of $4.06 represents a 12.1% miss.
- Consensus revenue estimate was $1.05B; actual revenue of $1.009B represents a 3.9% miss.
- Originations rose 31% YoY to $2.57 billion.
- Net revenue margin improved to 61% from 57% a year ago.
- Net charge-off ratio improved to 8.1% from 8.5% a year ago.
- Repurchased $46 million of common stock during the quarter.
- Liquidity totaled $1.3 billion at September 30, 2026.
Financial Impact
EPS miss of 12.1% vs consensus; revenue miss of 3.9% vs consensus; no guidance provided
Risk Factors
- Higher marketing spend (+56% YoY) outpaced revenue growth, pressuring margins.
- Interest expense rose 19% YoY to $103.5 million, increasing leverage costs.
- 30+ day delinquencies rose to 8.0% of portfolio from 7.2% a year ago, a potential early warning of credit deterioration.
- The Grasshopper Bank acquisition remains subject to regulatory approval and integration risk.
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001193125-26-428941 |
| Document: enva-20261022.htm | 0001193125-26-428941 |
| Document: 0001193125-26-428941-index-headers.html | 0001193125-26-428941 |
| Document: 0001193125-26-428941-index.html | 0001193125-26-428941 |
| Document: 0001193125-26-428941.txt | 0001193125-26-428941 |
| 8-K Data (Synthetic) | 0001193125-26-428941 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 27, 2026 today | 144 | $171.46 | awaiting T+5 | — | $171.31 (−0.09%) |
Oct 27, 2026 today | 144 | $171.46 | awaiting T+5 | — | $171.31 (−0.09%) |
Oct 27, 2026 today | 144 | $172.20 | awaiting T+5 | — | $171.31 (−0.51%) |
Oct 22, 2026 5d ago | 8-K | $165.07 | awaiting T+5 | — | $171.31 (−3.78%) |
Oct 20, 2026 7d ago | Institutional Cluster | $180.05 | awaiting T+5 | — | $171.31 (−4.85%) |
Oct 16, 2026 11d ago | 8-K | $176.20 $170.03 | ▲ +3.50% | ▲ +3.36% | $171.31 (+2.78%) |
Oct 13, 2026 14d ago | 8-K | $174.18 $180.05 | ▲ +3.37% | ▲ +2.92% | $171.31 (−1.65%) |
Oct 12, 2026 15d ago | Institutional Cluster | $176.83 $176.20 | ▼ −0.36% | ▲ +1.14% | $171.31 (−3.12%) |
Sep 25, 2026 4w ago | 8-K | $170.02 $178.00 | ▲ +4.69% | ▲ +3.49% | $171.31 (+0.76%) |
Sep 17, 2026 5w ago | 144 | $174.72 $173.48 | ▼ −0.71% | ▼ −1.98% | $171.31 (−1.95%) |
US Market Status
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