Enova International reported a significant financial performance for the third quarter of 2026, with quarterly revenue exceeding $1 billion. The company saw year-over-year growth across key metrics, including a 31% increase in originations and a 26% rise in total revenue compared to the third quarter of 2025.
The firm's consolidated portfolio reached $5.9 billion by the end of the quarter, representing a 30% increase from the previous year. Small business products comprise 68% of this total portfolio, while consumer products account for the remaining 32%. Additionally, the consolidated net charge-off ratio improved to 8.1%, down from 8.5%.
In September 2026, Enova withdrew its regulatory applications for the planned acquisition of Grasshopper Bancorp. The deal, initially announced in December 2025, was valued at $369 million. Management stated that this decision was made to prioritize shareholder interests and long-term strategic growth.
Despite the cancellation of the bank acquisition, the company maintains a positive outlook for the fourth quarter of 2026. Leadership noted that the planning process for the acquisition provided valuable operational and risk management insights that will support future expansion and market share growth.
