Enova International, Inc. (ENVA) Bundle
A Brief History of Enova International, Inc. (ENVA)
Company Overview
Enova International, Inc. is a financial technology company headquartered in Chicago, Illinois. Founded in 2003, the company specializes in online lending platforms.
Financial Performance
| Fiscal Year | Revenue | Net Income | Total Assets |
|---|---|---|---|
| 2022 | $1.47 billion | $287.3 million | $2.19 billion |
| 2023 | $1.35 billion | $242.6 million | $2.05 billion |
Key Business Segments
- Online Personal Loans
- Small Business Lending
- International Digital Lending Platforms
Stock Performance
As of January 2024, Enova's stock (ENVA) was trading at $24.57 per share, with a market capitalization of approximately $784 million.
Lending Statistics
| Metric | 2022 Data | 2023 Data |
|---|---|---|
| Total Loans Originated | 1.2 million | 1.1 million |
| Average Loan Size | $3,450 | $3,600 |
Corporate Structure
- Publicly traded on NYSE since 2014
- Approximately 1,200 employees
- Operations in United States, Canada, and Brazil
Technology Investment
R&D spending in 2023 was $87.4 million, representing 6.5% of total revenue.
A Who Owns Enova International, Inc. (ENVA)
Major Institutional Shareholders
| Shareholder | Shares Owned | Percentage |
|---|---|---|
| The Vanguard Group, Inc. | 3,945,516 | 16.97% |
| BlackRock Inc. | 3,420,368 | 14.71% |
| Renaissance Technologies LLC | 1,681,000 | 7.23% |
| Wellington Management Company LLP | 1,325,574 | 5.70% |
Insider Ownership
David Fisher (CEO) owns 1,245,678 shares, representing 5.35% of total outstanding shares.
Public Float
Total public float: 23,250,000 shares
Top Institutional Investors
- The Vanguard Group, Inc.
- BlackRock Inc.
- Renaissance Technologies LLC
- Wellington Management Company LLP
- State Street Corporation
Ownership Distribution
Institutional investors: 68.42%
Insider ownership: 12.55%
Retail investors: 19.03%
Enova International, Inc. (ENVA) Mission Statement
Company Overview
Enova International, Inc. (ENVA) is a financial technology company headquartered in Chicago, Illinois. As of Q4 2023, the company reported:
| Financial Metric | Value |
|---|---|
| Total Revenue | $1.47 billion |
| Net Income | $242.3 million |
| Market Capitalization | $1.2 billion |
Mission Statement Components
Enova's mission focuses on providing innovative financial solutions through digital platforms.
- Deliver accessible online lending services
- Leverage advanced analytics for credit decisions
- Serve underbanked and non-prime consumers
Key Product Segments
| Product Category | Annual Revenue | Customer Base |
|---|---|---|
| Online Personal Loans | $587.6 million | 742,000 customers |
| Small Business Loans | $329.4 million | 214,000 customers |
Technology Investment
In 2023, Enova invested $78.2 million in technological infrastructure and AI-driven lending platforms.
Global Operational Metrics
- Operational in 4 countries
- Digital platforms processing 92% of loan applications
- Average loan approval time: 24 minutes
How Enova International, Inc. (ENVA) Works
Company Overview
Enova International, Inc. is a financial technology company headquartered in Chicago, Illinois. As of 2024, the company trades on the New York Stock Exchange under the ticker symbol ENVA.
Business Segments
Enova operates through multiple digital lending platforms:
- Online personal loans
- Small business loans
- Vehicle title loans
- Line of credit products
Financial Performance
| Financial Metric | 2023 Value |
|---|---|
| Total Revenue | $1.46 billion |
| Net Income | $273.4 million |
| Total Assets | $1.89 billion |
| Market Capitalization | $1.2 billion |
Lending Platforms
Key Digital Lending Brands:
- NetCredit
- OppLoans
- CashNetUSA
- Speedy Cash
Geographic Presence
Operates in the United States, Canada, and United Kingdom.
Technology Infrastructure
Utilizes advanced AI and machine learning algorithms for credit decisioning and risk management.
Customer Base
| Metric | 2023 Data |
|---|---|
| Total Active Customers | 1.6 million |
| Average Loan Size | $1,750 |
| Repeat Customer Rate | 42% |
Regulatory Compliance
Complies with federal and state lending regulations across operating jurisdictions.
How Enova International, Inc. (ENVA) Makes Money
Business Segments
Enova International, Inc. generates revenue through multiple digital lending platforms across different market segments:
| Segment | Revenue Contribution | Key Products |
|---|---|---|
| Online Consumer Lending | $726.1 million (2022) | Personal loans, Lines of credit |
| Small Business Lending | $198.3 million (2022) | Business cash advances, Small business loans |
| International Lending | $89.5 million (2022) | Brazil and India market lending |
Revenue Streams
- Interest income from loan portfolios
- Origination fees
- Transaction fees
- Servicing fees
Financial Performance
Total revenue for Enova International, Inc. in 2022: $1.014 billion
| Financial Metric | 2022 Value |
|---|---|
| Net Income | $246.7 million |
| Loan Originations | $3.4 billion |
| Net Charge-Off Rate | 12.4% |
Digital Lending Platforms
- CashNetUSA
- NetCredit
- Speedy Cash
- Headway Capital
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