Enova International (ENVA) Q3 FY2023 earnings: revenue $551 million, up 20.9% on the year

Enova International, Inc. (ENVA) reported revenue of $551 million for Q3 FY2023, the quarter ended 30 September 2023, up 20.9% on the same quarter a year earlier. Net income was $41 million, down 20.2% on the year, and diluted earnings per share $1.29. The figures are the company's own, from the 10-Q it filed with the SEC on 25 October 2023.

Revenue$551 millionup 20.9%

Net income$41 milliondown 20.2%

Diluted EPS$1.29

QuarterQ3 FY2023ended 30 September 2023

The quarter, against the one before and a year earlier

Line	Q3 FY2023	Quarter before	A year earlier	Change on the year
Revenue	551	n/a	n/a	n/a
Gross profit	320	n/a	n/a	n/a
Gross margin	58.0%	n/a	n/a
Operating income	104	n/a	n/a	n/a
Operating margin	18.8%	n/a	n/a
Interest expense	48.7	n/a	n/a	n/a
Pre-tax income	55.2	n/a	n/a	n/a
Income tax	13.9	n/a	n/a	n/a
Effective tax rate	25.2%	n/a	n/a
Net income	41.3	n/a	n/a	n/a
Net margin	7.5%	n/a	n/a
Diluted EPS	$1.29	n/a	n/a	n/a

$ million except per share.

Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.

Cash flow and capital returned

Line	Q3 FY2023	Quarter before	A year earlier	Change on the year
Operating cash flow	271	n/a	n/a	n/a
Capital expenditure	12.8	n/a	n/a	n/a
Free cash flow	258	n/a	n/a	n/a
Free cash flow margin	46.9%	n/a	n/a
Cash from investing	-445	n/a	n/a	n/a
Cash from financing	109	n/a	n/a	n/a
Depreciation and amortisation	10.0	n/a	n/a	n/a
Share-based compensation	7.1	n/a	n/a	n/a
Buybacks	36.4	n/a	n/a	n/a
Diluted shares, weighted	32m	n/a	n/a	n/a
Shares outstanding at period end	30m	n/a	n/a	n/a

Cash flow lines for the quarter; where the company files them year to date, the quarter is the difference between two filings.

Balance sheet at quarter end

Line	Q3 FY2023	Quarter before	A year earlier	Change on the year
Shareholders' equity	1,261	n/a	n/a	n/a
Debt	2,443	n/a	n/a	n/a
Other liabilities	399	n/a	n/a	n/a
Total liabilities and equity	4,103	n/a	n/a	n/a
Fixed assets	104	n/a	n/a	n/a
Goodwill	279	n/a	n/a	n/a
Intangible assets	21.0	n/a	n/a	n/a
Cash and equivalents	62.9	n/a	n/a	n/a
Other assets	3,636	n/a	n/a	n/a
Total assets	4,103	n/a	n/a	n/a

Questions

What was Enova International's revenue in Q3 FY2023?

Enova International (ENVA) reported revenue of $551 million for Q3 FY2023, the quarter ended 30 September 2023, up 20.9% on the same quarter a year earlier.

How much did Enova International earn in Q3 FY2023?

Net income for Q3 FY2023 was $41 million, down 20.2% on the year, and diluted earnings per share $1.29.

When did Enova International report Q3 FY2023 results?

Enova International filed its 10-Q for the quarter ended 30 September 2023 with the SEC on 25 October 2023.

Quarterly results, the last 12 quarters

	Q3 FY2023	Q4 FY2023 *	Q1 FY2024	Q2 FY2024	Q3 FY2024	Q4 FY2024 *	Q1 FY2025	Q2 FY2025	Q3 FY2025	Q4 FY2025 *	Q1 FY2026	Q2 FY2026
Revenue	551	584	610	628	690	730	746	764	803	839	875	929
Gross profit	320	325	346	370	400	413	426	441	461	502	529	568
Gross margin	58%	56%	57%	59%	58%	57%	57%	58%	57%	60%	60%	61%
Operating income	104	97.5	131	145	154	155	172	184	197	187	207	237
Operating margin	19%	17%	21%	23%	22%	21%	23%	24%	25%	22%	24%	26%
Interest expense	48.7	57.2	65.6	71.0	76.9	77.0	80.5	82.8	87.0	89.0	94.0	97.8
Pre-tax income	55.2	41.6	64.7	73.6	55.5	77.4	91.0	101	110	98.8	113	140
Tax rate	25%	16%	25%	27%	22%	18%	20%	25%	27%	20%	19%	25%
Net income	41.3	34.8	48.4	53.9	43.4	-146	72.9	76.1	80.3	79.0	91.1	105
Net margin	7%	6%	8%	9%	6%	-20%	10%	10%	10%	9%	10%	11%
Diluted EPS	$1.29	$1.13	$1.64	$1.93	$1.57	$2.30	$2.69	$2.86	$3.03	$3.00	$3.46	$4.00
Operating cash flow	271	314	349	361	399	431	391	447	482	499	475	544
Capital expenditure	12.8	11.8	11.2	11.1	10.9	10.2	12.9	11.2	11.3	11.7	10.8	12.6
Free cash flow	258	302	337	350	388	420	378	436	470	487	464	531
Buybacks	36.4	66.8	151	63.4	23.3	51.2	85.5	55.3	38.4	35.3	39.6	19.8
Shares outstanding	30m	29m	27m	26m	26m	26m	26m	25m	25m	25m	25m	25m
Filing	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q

Each quarter as filed, linked to its filing.

* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A fourth quarter's EPS and diluted share count are from the company's results press release for that quarter, used where the release gives the same revenue and net income as the table. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

Source

10-Q for the period ended 30 September 2023, filed 25 October 2023, accession 0000950170-23-055249: the filing on EDGAR. All of Enova International, Inc.'s filings: EDGAR company page.

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