Page 1

• Enova Reports Second Quarter 2021 Results Compared to a year ago , quarterly diluted earnings per share from continuing operations increased 33 % to $ 2.10 and adjusted earnings per share increased 35 % to $ 2.26 • Second quarter total company originations increased 35 % sequentially to $ 681 million Continued strong credit performance with consolidated portfolio net charge - offs as a percentage of average combined loan and finance receivables declining to 2.4 % from 15.9 % in the second quarter of 2020 ● Balance sheet remains strong with cash and marketable securities of $ 467 million at June 30 and available capacity on committed facilities of $ 534 million CHICAGO , July 29 , 2021 / PRNewswire / -- Enova International ( NYSE : ENVA ) , a leading financial technology company powered by machine learning and artificial intelligence , today announced financial results for the second quarter ended June 30 , 2021 . " We are pleased to report another strong quarter of continued growth and solid credit , " said David Fisher , Enova's CEO . " The quarter played out as we expected with improving macroeconomic conditions driving increased consumer spending , particularly at small businesses . As a result , we saw strong demand that we were able to capture with our highly flexible and scalable online - only model . While uncertainty does remain as the economy continues to recover , we expect the demand tailwinds we are seeing combined with strong credit performance to drive an acceleration in growth in the second half of 2021. " Second Quarter 2021 Summary • • • • • Total revenue of $ 265 million in the second quarter of 2021 increased 4.6 % from $ 253 million in the second quarter of 2020 . Net revenue margin of 98 % in the second quarter of 2021 compared to 52 % in the second quarter of 2020 . Net income from continuing operations of $ 80 million , or $ 2.10 per diluted share , in the second quarter of 2021 , compared to $ 48 million , or $ 1.58 per diluted share , in the second quarter of 2020 . Second quarter 2021 adjusted EBITDA of $ 135 million , a non - GAAP measure , compared to $ 94 million in the second quarter of 2020 . Adjusted earnings of $ 86 million , or $ 2.26 per diluted share , both non - GAAP measures , in the second quarter of 2021 , compared to adjusted earnings of $ 51 million , or $ 1.68 per diluted share , in the second quarter of 2020 . " Our second quarter results were driven by accelerating originations growth and credit metrics that were among the best in our company's history , ” said Steve Cunningham , CFO of Enova . “ The ability of our talented team to successfully navigate a challenging operating environment and to smoothly integrate OnDeck over the past year has us well positioned to deliver meaningful top and bottom - line growth as we leverage our highly scalable online - only business model , broad and diversified product offerings , powerful machine - learning- powered credit risk management capabilities and our solid balance sheet . "