Enova International (ENVA) Q1 FY2024 earnings: revenue $610 million, up 26.2% on the year

Enova International, Inc. (ENVA) reported revenue of $610 million for Q1 FY2024, the quarter ended 31 March 2024, up 26.2% on the same quarter a year earlier. Net income was $48 million, down 4.9% on the year, and diluted earnings per share $1.64. The figures are the company's own, from the 10-Q it filed with the SEC on 24 April 2024.

Revenue$610 millionup 26.2%

Net income$48 milliondown 4.9%

Diluted EPS$1.64

QuarterQ1 FY2024ended 31 March 2024

The quarter, against the one before and a year earlier

Line	Q1 FY2024	Q4 FY2023	A year earlier	Change on the year
Revenue	610	584	n/a	n/a
Gross profit	346	325	n/a	n/a
Gross margin	56.7%	55.7%	n/a
Operating income	131	97.5	n/a	n/a
Operating margin	21.4%	16.7%	n/a
Interest expense	65.6	57.2	n/a	n/a
Pre-tax income	64.7	41.6	n/a	n/a
Income tax	16.2	6.9	n/a	n/a
Effective tax rate	25.1%	16.5%	n/a
Net income	48.4	34.8	n/a	n/a
Net margin	7.9%	6.0%	n/a
Diluted EPS	$1.64	$1.13	n/a	n/a

$ million except per share.

Fourth quarters are the year less the first three quarters. 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	Q1 FY2024	Q4 FY2023	A year earlier	Change on the year
Operating cash flow	349	314	n/a	n/a
Capital expenditure	11.2	11.8	n/a	n/a
Free cash flow	337	302	n/a	n/a
Free cash flow margin	55.3%	51.8%	n/a
Cash from investing	-443	-566	n/a	n/a
Cash from financing	-54.0	433	n/a	n/a
Depreciation and amortisation	10.3	9.0	n/a	n/a
Share-based compensation	7.6	7.5	n/a	n/a
Buybacks	151	66.8	n/a	n/a
Diluted shares, weighted	30m	32m	n/a	n/a
Shares outstanding at period end	27m	29m	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	Q1 FY2024	Q4 FY2023	A year earlier	Change on the year
Shareholders' equity	1,150	1,240	n/a	n/a
Debt	3,041	2,944	n/a	n/a
Other liabilities	445	402	n/a	n/a
Total liabilities and equity	4,637	4,586	n/a	n/a
Fixed assets	112	109	n/a	n/a
Goodwill	279	279	n/a	n/a
Intangible assets	17.0	19.0	n/a	n/a
Cash and equivalents	76.5	54.4	n/a	n/a
Other assets	4,152	4,124	n/a	n/a
Total assets	4,637	4,586	n/a	n/a

Questions

What was Enova International's revenue in Q1 FY2024?

Enova International (ENVA) reported revenue of $610 million for Q1 FY2024, the quarter ended 31 March 2024, up 26.2% on the same quarter a year earlier.

How much did Enova International earn in Q1 FY2024?

Net income for Q1 FY2024 was $48 million, down 4.9% on the year, and diluted earnings per share $1.64.

When did Enova International report Q1 FY2024 results?

Enova International filed its 10-Q for the quarter ended 31 March 2024 with the SEC on 24 April 2024.

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 31 March 2024, filed 24 April 2024, accession 0000950170-24-047610: the filing on EDGAR. All of Enova International, Inc.'s filings: EDGAR company page.

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