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© Enova International, Inc. Investor PresentationQ3 2026
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© Enova International, Inc. Safe Harbor StatementCautionary Statement Regarding Risks and Uncertainties That May Affect Future ResultsThis presentation contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995about the business, financial condition and prospects of Enova. These forward-looking statements give current expectations or forecasts of future events and reflect the views and assumptions of Enova's senior management with respect to the business, financial condition and prospects of Enova as of the date of this release and are not guarantees of future performance. The actual results of Enova could differ materially from those indicated by such forward-looking statements becauseof various risks and uncertainties applicable to Enova's business, including, without limitation, those risks and uncertainties indicated in Enova's filings with the Securities and Exchange Commission ("SEC"), including our annual report on Form 10-K, quarterly reports on Forms 10-Q and current reports on Forms 8-K. These risksand uncertainties are beyond the ability of Enova to control, and, in many cases, Enova cannot predict all of the risks and uncertainties that could cause itsactual results to differ materially from those indicated by the forward-looking statements. When used in this release, the words "believes," "estimates," "plans," "expects," "anticipates" and similar expressions or variations as they relate to Enova or its management are intended to identify forward-looking statements. Enova cautions you notto put undue reliance on these statements. Enova disclaims any intention or obligation to update or revise any forward-looking statements after the date of this release.Non-GAAP Financial InformationIn addition to the financial information prepared in conformity with generally accepted accounting principles in the United States (“GAAP”), Enova provides cash flow from operating activities less net loan and finance receivables originated, acquired and repaid and purchases of property andequipment (“free cash flow”) and net income excluding depreciation, amortization, interest, foreign currency transaction gains or losses, taxes, stock-based compensation expense and certain other items, as appropriate, that are not indicative of our core operating performance (“Adjusted EBITDA”), which are not considered measuresof financial performance under GAAP. Management uses these non-GAAP financial measures for internal managerial purposes and believes that their presentation ismeaningful and useful in understanding the activities and business metrics of Enova’s operations. Management believes that these non-GAAP financial measures reflect an additional way of viewing aspects of Enova’s business that, when viewed with Enova’s GAAP results, can provide a more complete understanding offactors and trends affecting Enova’s business.Management provides such non-GAAP financial information for informational purposes and to enhance understanding of Enova’s GAAP consolidated financial statements. Readers should consider the information in addition to, but not instead of, Enova’s financial statements prepared in accordance with GAAP. This non-GAAP financial information may be determined or calculated differently by other companies, limiting the usefulness of those measures for comparative purposes. A table reconciling such non-GAAP financial measures is available in the appendix.2
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Enova at a GlanceFounded in 2004, Enova is a leading financial services company providing online lending through its world-class analytics and machine learningalgorithms. Enova has been listed on the New York Stock Exchange since 2014. © Enova International, Inc. 3*Includes pre-acquisition OnDeck customers and loans 16M+Customers served since 2004* $74B+Loans made since 2004*$3.2B2025 revenue CHICAGO NEW YORK COLORADO NATIONAL
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© Enova International, Inc. 4 Consistent Shareholder Returns and Value Opportunity Strong Long-Term Shareholder Returns1 Valuation OpportunityPrice to 2027 Consensus Adj. EPS(P/E Ratio)2 Price/Earnings-to-Growth(PEG Ratio)3 ENVA 8.0x 0.25S&P 600 Small Cap Index13.0 0.57S&P 600 Financial Sector Index9.1 0.53S&P 600 Consumer Finance Index8.4 0.39Russell 2000 Index22.4 1.34Russell 2000 Financials Index10.2 2.241.Source: Bloomberg as of September 30, 20262.Source: Bloomberg market prices and FY2027 publicly available EPS consensus estimates as of September 30, 20263.Source: ENVA guidance for FY2026 Non-GAAP EPS growth rate as disclosed on the Q3 2026 earnings call and Bloomberg for the indices FY2026 publicly available consensus estimates earnings growth rates as of September 30, 2026 35% 8%4%15%9%5%0%10 %20 %30 %40 %50 % ENVAS&P 600 Small CapIndexS&P 600 FinancialSector IndexS&P 600 Cons.Finance IndexRussell 2000 IndexRussell 2000Financials Index 10-Year Average Annual Total Shareholder Return2017-2026
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© Enova International, Inc. 5 Balanced Growth and Execution Reflected in Financial PerformanceQ3 2026 #WINS! $2.6BTotal company originations in Q3 Meeting customer demand with strong unit economics drove 31% year-over-year growth in originations 61%Consolidated Net Revenue Margin Three-and-a-half percentage point year-over-year increase reflects strong consumer and small business credit performance 33% year-over-year growth in adjusted EPS $4.48Q3 Adjusted EPS $1.0BQ3 revenue First quarter above $1B in Enova’s history, up 26% year-over-year
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OurMissionHelping hardworking people get access to fast, trustworthy credit. OurVisionClosing the world’s credit gap. © Enova International, Inc. 6
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© Enova International, Inc. 7 Focus on Non–Prime Borrowers,a large, expanding market segment where we have deep experienceDiversified Product Offeringsunmatched across both underserved non-prime consumers and small businessesApproach to Unit Economics and deploying capital that has delivered industry leading returnsHighly Flexible Online-Only Business Model that provides significant operational and financial flexibilityProven Tech & Analyticsthrough powerful proprietary technology and machine-learning enabled analyticsResilient Balance Sheetwith solid liquidity, strong tangible capital and laddered debt maturitiesLicensed, Compliant & Supervisedhistory of lending and servicing operations Enova Investment Highlights
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© Enova International, Inc. Our Products Meet the Needs of Underserved Populations 8 37% 58% 42% 5xrejection rate Source: Federal Reserve Board,Report last updated May 2026Source: https://www.bankrate.com/banking/savings/emergency-savings-report/(February 2026)Source: https://www.fedsmallbusiness.org/reports/survey/2026/2026-report-on-employer-firms(March 2026) Source: https://scorenerds.com/credit-scores/score-ranges(March 2026) Non-Prime consumers have unexpected expenses and limited savings.Non-Prime consumers are frequently turned down by traditional banks and credit unions. of Americans cannotcover an emergency expense of $400of US Adults say they have less or the same amount of emergency savings, compared to a year ago of small businesses that applied for a loan from a large bank receive the full amount requested Consumers with scores under 580 are rejected 5x more often than those with scores of 740+
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© Enova International, Inc. Large Growth Opportunities in Non-Prime Markets 9 $293B1U.S. Consumer Loans $285B2U.S. SMB Loans Enova < 1%of Loan Balances Enova < 1.5%of Loan Balances Total Unsecured Personal Loan Balances, by Risk Tier Source: TransUnion Credit Industry Insights. Subprime = 300-600, Near Prime = 601-660, Prime = 661-720, Prime Plus = 721-780, Super Prime = 781+ Q3 2025Q3 2026 1.According to TransUnion Credit Industry Insights Data as of Q3 2026. Does not include secured balances or balances not reported to credit bureaus2.According to FDIC Quarterly Banking Profile: C&I Loans (less than $250K) to Small Businesses as of Q2 2026 12% 19% 24%23% 22% Subpri me Near Prime Prime Prime P lus Super Prime 12% 18% 24%23% 23%
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© Enova International, Inc. ONLINE Operating LeverageAbility to adjust expenses quickly to adapt to changes in business activity as a result of market conditions UnderwritingDirect link to Enova technology and analytics with underwriting using advanced algorithms and multiple data sources ComplianceCentralized facilities with supervision through electronic tracking and recordings Customer Safety and PrivacyApply and manage account anytime and anywhere privately from desktop or mobile devices with secure systems to protect sensitive information Highly Flexible Online-Only Business Model 10 Source: American Bankers Associationpublished November 2025 BRICK AND MORTAR Lack of variability in cost structureof physical locations to business activity Costly and difficultsupervision and training for multiple locations Limitations & RestrictionsLimited Ability to Repay analysis or limited offer based on industry common scoring Safety & Privacy VariablesRequires travel to physical location, standing in line to apply for funds in public, storage of records in multiple locations and customer re-visits for account management “For the sixth year in a row, U.S. consumers are conducting their banking via mobile apps more than any other method. 54% of bank customers use apps on phones or other mobile devices as their top option for managing their bank account. The next most popular banking methods include visiting a branch (9%), ATMs (6%) and telephone calls (4%).”
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© Enova International, Inc. Multichannel marketing creates flexibility to optimize customer acquisition and builds longer-term customer relationships Enova Uses Diversified Multichannel Marketing USER EXPERIENCE & CONVERSIONEnova measures and monitors website visitor usage metrics and regularly tests website design strategies to improve customer experience and conversion rates. DIGITAL ACQUISITIONOnline marketing efforts include PPC, display, SEO, marketing affiliate partnerships and mobile advertising. PARTNER MARKETINGEnova purchases qualified leads for prospective new customers from a number of online lead providers and independent brokers. TRADITIONAL ADVERTISINGEnova uses television, direct mail and radio supported by its analytics capabilities, technology infrastructure and key vendors. 11
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© Enova International, Inc. Machine Learning Models and Automation Are Applied Extensively Across the Customer Life Cycle 12 ACQUISITIONML models trained on 40+ million data points predict likelihood of acquiring a new customer FRAUD DETECTIONAutomation used to automatically respond to real-time fraud attacks and models retrained daily to learn and mimic the decisions of fraud operations staff UNDERWRITINGML models provide a 40% improvement in repayment predictability versus credit bureau scores alone and 85% of underwriting decisions are fully automated LOAN PROCESSINGUnderwriting decisions that are not fully automated use ML models to auto verify >80% loans based on electronic bank statements and employment data COLLECTIONSML models improve collections yield by prioritizing dialers and optimizing settlement strategies 90%of Models are Machine-Learning Enabled The Colossus™Analytics Engine creates a powerful competitive advantage
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© Enova International, Inc. Proprietary Technology With Better Predictive Performance Than Traditional Credit Models 13 Enova Credit Modeling: Performance vs Standard Scoring 1.ROC Curves—Receiver Operating Characteristics Curves (True Positives versus False Positives). This graph should not be considered to be an indicator of future performance. Depictions of Enova study using a random sample from its NetCreditapplicant pool (the “population”). As one moves up the Y axis and along the X axis, more of the population is included. The population is ordered by perceived creditworthiness so that at the bottom left of the graph, only the most creditworthy customers are included in the population. At the top right, 100% of the population is included, with the least creditworthy parts of this population being the last included
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© Enova International, Inc. Small Business Loans1,5,6 —%5.0%10.0%15.0%20.0% Q1 20 18Q2 20 18Q3 20 18Q4 20 18Q1 20 19Q2 20 19Q3 20 19Q4 20 19Q1 20 20Q2 20 20Q3 20 20Q4 20 20Q1 20 21Q2 20 21Q3 20 21Q4 20 21Q1 20 22Q2 20 22Q3 20 22Q4 20 22Q1 20 23Q2 20 23Q3 20 23Q4 20 23Q1 20 24Q2 20 24Q3 20 24Q4 20 24Q1 20 25Q2 20 25Q3 20 25Q4 20 25Q1 20 26Q2 20 26Q3 20 26 >3 0 d ays de li n qu e nt a s a % o f lo an an d fi na n ce rece i vab le b al an ceCh arge -offs (n et reco verie s) as a % of ave rage l oan and fin an ce re cei vab le balance Strong Credit Performance Through Economic Downturn 14 Enova’s consistent performance, even amid recent unprecedented times, reflects our solid risk management capabilities on our world-class analytics and technology. 1.Data shown excludes discontinued operations2.Amounts as a % of loan balance are determined using period-end balances3.Non-GAAP measure4.The average combined loan and finance receivable balance is the average of the month-end balances during the period 5.Amounts as a % of loan and finance receivable balance are determined using period-end balances. Includes OnDeck data beginning October 13, 20206.The average loan and finance receivable balance is the average of the month-end balances during the period. Includes OnDeck data beginning October 13, 2020 Consumer Loans1,2,3,4 —%5.0%10.0%15.0%20.0% Q1 20 18Q2 20 18Q3 20 18Q4 20 18Q1 20 19Q2 20 19Q3 20 19Q4 20 19Q1 20 20Q2 20 20Q3 20 20Q4 20 20Q1 20 21Q2 20 21Q3 20 21Q4 20 21Q1 20 22Q2 20 22Q3 20 22Q4 20 22Q1 20 23Q2 20 23Q3 20 23Q4 20 23Q1 20 24Q2 20 24Q3 20 24Q4 20 24Q1 20 25Q2 20 25Q3 20 25Q4 20 25Q1 20 26Q2 20 26Q3 20 26 >3 0 d ays de li n qu e nt a s a % o f com b in e d lo an an d fi na nce r ece iv ab le b al an ceCh arge -offs (n et reco verie s) as a % of ave rage co mbi ne d l oan and fin an ce re cei vab le balance OnDeck included beginning October 13, 2020
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© Enova International, Inc. Improved Portfolio Risk Profile 15 Enova’s powerful combination of diversified product offerings, world-class risk management capabilities and sophisticated unit economics framework has led to a reduced risk profilewhile maintaining healthy margins. 1.Data shown excludes discontinued operations2.Non-GAAP measure3.The average combined loan and finance receivable balance is the average of the month-end balances during the period. Includes OnDeck data beginning October 13, 2020 Total Company Metrics1,2,3 —% 20 .0% 40 .0% 60 .0% 80 .0% —% 4.0 % 8.0 % 12 .0% 16 .0% 20 .0% Q1 2 01 8Q2 2 01 8Q3 2 01 8Q4 2 01 8Q1 2 01 9Q2 2 01 9Q3 2 01 9Q4 2 01 9Q1 2 02 0Q2 2 02 0Q3 2 02 0Q4 2 02 0Q1 2 02 1Q2 2 02 1Q3 2 02 1Q4 2 02 1Q1 2 02 2Q2 2 02 2Q3 2 02 2Q4 2 02 2Q1 2 02 3Q2 2 02 3Q3 2 02 3Q4 2 02 3Q1 2 02 4Q2 2 02 4Q3 2 02 4Q4 2 02 4Q1 2 02 5Q2 2 02 5Q3 2 02 5Q4 2 02 5Q1 2 02 6Q2 2 02 6Q3 2 02 6 Adjusted EBITDA Margin % Total Company Charge-Off % Charge-offs (net recoveries) as a % of average combined loan and finance receivable balanceAdjusted EBITDA as a percentage of total revenue
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© Enova International, Inc. Demonstrated Ability to Diversify While Delivering Returns 16 Combined Receivables and Returns1,2 1.Including loans issued as part of our CSO program and, through 2018, loans from discontinued operations2.ROE is based on trailing twelve months Adjusted Net Income 0%5%10 %15 %20 %25 %30 %35 %40 %45 % $0$5 00$1 ,00 0$1 ,50 0$2 ,00 0$2 ,50 0$3 ,00 0$3 ,50 0$4 ,00 0$4 ,50 0$5 ,00 0$5 ,50 0$6 ,00 0$6 ,50 0 20 1620 1720 1820 1920 2020 2120 2220 2320 2420 25Q3 2026Consumer Installment LoansConsumer Line of CreditSmall BusinessTotal Company Return on Equity %
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© Enova International, Inc. Small Business 17
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© Enova International, Inc. Diverse Portfolio of Established Small Businesses 18 375K+Unique small business clients$588KMedian annual revenue12.8yrsWeighted avg. time in businessDiversifiedAcross 900+ industriesBroadNational Presence Portfolio Balance by Industry1 Reasons for Seeking Business Funding2 1.As of September 30, 2026 all OnDeck Term Loans and Lines of Credit, excluding international2.As of September 30, 2026. Research from Enova, 860 OnDeck customers (select all that apply) 70%31%27%27%26%26%19%17%12%2% General cas hflowBusine ss expan sionCover an unexpected business expenseCover delayed payments from customersDebt consolidationEqu ipment purchase or rep airIncrea se busine ss revenueInventoryHire/Train staffOther 19% 15% 11%8%8%7%7%4%4%17% Co nstruc tio nPro fe ssio n al , Sc i en tif ic , a nd Tec h ni c al S e rvic e sHe alth Ca re an d Soc ial A ssistan ceRetail Trad eManufacturingOth er S erv i ces (ex ce pt P ub li c A dm in istrati on )Ad m in istra ti ve a n d Su p po rt a n d W aste Ma na ge m en t an dRemedi ati on Servi cesAcco mm o da ti on a n d F o od S e rvice sTranspor tation a nd W are housingAl l Oth e r
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© Enova International, Inc. U.S. Small & Medium-Sized Businesses SMB Total Addressable Market (TAM) 19 U.S. Commercial & Industrial Loan Portfolio(at FDIC-insured institutions only) 1.According to U.S. SBA Office of Advocacy, Frequently Asked Questions About Small Business 2026 (Feb. 2026)2.2025 Small Business Credit Survey, Federal Reserve Banks published March 20263.Enova SMB Loan and Finance Receivable Portfolio (less than $250K) as of September 30, 2026 4.According to FDIC Quarterly Banking Profile: C&I Loans (less than $250K) to Small Businesses as of Q2 2026 +36M99.9% of Businesses in the U.S. are SMBs1 $285B4Business loans under $250K“78% of loan applications are less than $250K” 2+375KEnova SMB unique U.S. small businesses served +$3.6B3EnovaSMB loans under $250K
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© Enova International, Inc. Enova Helps Small Business Owners Gain Access to Capital 20 Small Business Gross Accounts Receivable1,2 1.Includes OnDeck originations beginning Q4 2020 after acquisition on October 13, 20202.Gross Accounts Receivables are end of period balances ($ in Millions) $80$85$181$691$1,017 $1,797$2,050$2,484 $3,329$2,974 $3,985 20 1720 1820 1920 2020 2120 2220 2320 2420 25Q3 2025Q3 2026
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© Enova International, Inc. Consumer 21
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© Enova International, Inc. Enova Is A Market-Leading U.S. Non-Prime Lender 22 13M+Total Consumers Served To Date590Weighted Average Vantage®Score$44KAverage Personal Income35%HomeownershipDiversifiedNational PresenceBroadAcross Non-Prime Consumers Top Non-Prime Loan Use:1 Customer response to ”How would you describe yourself?”:1 Emergency Expense or Repair Debt Consolidation Regular Expenses/Monthly Bills Rent/Mortgage Pay a bill to avoid service disconnect 58%26% 12%2%1%1%WhiteBlack or African AmericanHispanic or Latin oAmerican Indian or Alaska NativeAsianNative Hawaiian or Other Paci ficIslander 1.Reasons for loan and Race/Ethnicity data was collected via a survey of 584 CashNetUSA& NetCredit customers in December 2025
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© Enova International, Inc. U.S. Subprime Unsecured U.S. ConsumerTotal Addressable Market (TAM) 23 U.S. Near Prime 1.TransUnion Credit Industry Insights Data as of Q3 2026 +$34B1Over 11% of U.S. Borrowers Have Subprime Credit1 +$54B1Over 18% of U.S. Borrowers Have Near Prime Credit1~1%Estimated CashNetUSAshare of Subprime market ~3%Estimated NetCreditshare of Near Prime market
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© Enova International, Inc. High Quality Consumer Products to Close the Credit Gap 24 Consumer Gross Accounts Receivable1,2 1.Gross Accounts Receivables are end of period balances2.Data shown includes CashNetUSA, NetCredit, Align, and Simplic Gross Accounts Receivable ($ in Millions) $782$869$1,086 $629 $941$1,056$1,263$1,507$1,596$1,547 $1,913 20 1720 1820 1920 2020 2120 2220 2320 2420 25Q3 2025Q3 2026
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© Enova International, Inc. 25 Trusted Products Drive High-Rated Reviews Online Reviews via TrustPilot as of October 2026
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© Enova International, Inc. Financial Performance 26
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© Enova International, Inc. 27 History of Consistent Revenue and Profit Growth Gross Revenue For All Brands1,2,3 Adjusted EBITDA and Margin2,3($ in Millions) Margin18.3%19.0%20.8%23.5%38.3%39.2%25.5%23.8%24.7%26.0%26.4% ($ in Millions) 1.From continuing operations using incurred method of accounting in effect through December 2019. Enova elected the fair value option of accounting effective January 1, 2020 2.Includes OnDeck data beginning October 13, 20203.Adjusted EBITDA defined as net income excluding depreciation, amortization, interest, foreign currency transaction gains or losses, taxes, stock-based compensation expense and certain other items, as appropriate, that are not indicative of our core operating performance $118$138$202$276$415$473$443$503$657$821$963 $0$2 00$4 00$6 00$8 00$1 ,00 0 FY 2016FY 2017FY 2018FY 2019FY 2020FY 2021FY 2022FY 2023FY 2024FY 2025LTM Q3 2026 CAGR: 24.1% $746 $844 $973 $1,175 $1,084 $1,208 $1,736 $2,118 $2,658 $3,152 $3,653 $0$5 00$1 ,00 0$1 ,50 0$2 ,00 0$2 ,50 0$3 ,00 0$3 ,50 0$4 ,00 0 FY 2016FY 2017FY 2018FY 2019FY 2020FY 2021FY 2022FY 2023FY 2024FY 2025LTM Q3 2026
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© Enova International, Inc. Demonstrated Operating Leverage Enova Key Metrics1,2,3 28 1.Gross loan and finance receivables balances outstanding include loan arrangements extended by unrelated third parties2.From continuing operations using incurred method of accounting in effect through December 2019. Enova elected the fair value option of accounting effective January 1, 20203.Includes OnDeck data beginning October 13, 2020 $0$5 00$1 ,00 0$1 ,50 0$2 ,00 0$2 ,50 0$3 ,00 0$3 ,50 0$4 ,00 0$4 ,50 0$5 ,00 0$5 ,50 0$6 ,00 0 FY 2016FY 2017FY 2018FY 2019FY 2020FY 2021FY 2022FY 2023FY 2024FY 2025LTM Q3 2026Loans and Finance Rec eivables OutstandingRevenueO&T and G&A Expenses CAGR: 12% CAGR: 20% CAGR: 26%
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© Enova International, Inc. Domestic Cash Balance (Restricted + Unrestricted) 29 Tangible Capital to Tangible Assets3 Balance Sheet Flexibility Is a Source of Strength 1.Total U.S. debt outstanding at September 30, 2026, of $5,405M, including a $0.4M Letter of Credit in the Revolver. Canadian and Australian OnDeck warehouses and Pangea debt not included2.Includes stated final maturity dates for debt outstanding as of September 30, 20263.Tangible Capital / Tangible Assets = [SE –(Goodwill + Intangible Assets)] / [Quarterly Total Tangible Assets]. Tangible Assets is calculated as Total Assets less Goodwill and Intangible Assets Funding Mix and Capacity1 Enova Debt Maturities2 $250 $250 $250 $169 –––$375 $375 $375 $375 – – –$400 $400 $400 $400 $500 $500 $500 $1 $201 $310 $357 $454 $596 $713 $225 $249 $1,031 $1,061 $1,195 $1,470 $1,576 $87 $320 $300 $606 $1,044 $1,559 $2,215 $453 $488 $533 $659 $944 $649 $817 202020212022202320242025Q3 2026Senior Note 202 4Senior Note 202 5Senior Note 202 8Senior Note 202 9Revol ver Utili zedSec ured Ware h ous esTerm ABSRevol vin g Capa c ity $ 0 $ 500 $ 1, 000 $ 1, 500 $ 2, 000 $ 2, 500 2026202720282029203020312032Debt OutstandingAv ai lab le C apac ity 15.8%22.3% 37.8%38.0%28.0%26.2%25.9%25.3%19.7%19.0%17.6%17.6%17.0%17.4% 0. 0%5. 0%10.0%15 .0%20 .0%25 . 0%30 . 0 %35 .0 %40. 0%45.0%50. 0% Ma r 2 020Jun 2020Sep 202 0De c 2020Ma r 2 021Jun 2021Sep 202 1De c 2021Ma r 2 022Jun 2022Sep 202 2De c 2022Ma r 2 023Jun 2023Sep 202 3De c 2023Ma r 2 024Jun 2024Sep 202 4De c 2024Ma r 2 025Jun 2025Sep 202 5De c 2025Ma r 2 026Jun 2026Sep 202 6$0$1 00$2 00$3 00$4 00$5 00$6 00$7 00 Ma r 20 20Ju n 20 20Se p 20 20De c 20 20Ma r 20 21Ju n 20 21Se p 20 21De c 20 21Ma r 20 22Ju n 20 22Se p 20 22De c 20 22Ma r 20 23Ju n 20 23Se p 20 23De c 20 23Ma r 20 24Ju n 20 24Se p 20 24De c 20 24Ma r 20 25Ju n 20 25Se p 20 25De c 20 25Ma r 20 26Ju n 20 26Se p 20 26
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© Enova International, Inc. Appendix 30
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© Enova International, Inc. Proactive Global ComplianceCapabilities Enova has a compliance framework that includes:●Focus on tone from the top to instill an ethical culture ●Centralized team led by experienced compliance professionals:○Chief Compliance Officer reports directly to Board of Directors○Multiple CRCM/CAMS accreditations●Policies, procedures and other controls focused on compliance and the fair treatment of customers●Regulatory framework built into technology platform and the business model●Training of employees on compliance requirements and transparency around pricing and other key aspects of its products●A comprehensive risk assessment and monitoring and testing program●Early warning signals on new regulations and other legal risks 31
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© Enova International, Inc. Balance Sheet 32 Income StatementKey Changes to Financial Reporting Under Fair Value (+)Day 1 Gain on Originations(-) Realized Value on Existing Receivables(-)Net Charge Offs(+)(-)Change in FV AssumptionsRevenue–Change in Fair ValueNet RevenueNet Revenue Margin % (+)Higher originated principal (at consistent mix)(-)Higher new customer mix (+)Lower credit losses and loss expectations(-)Higher credit losses and loss expectations (+)Lower customer prepayments versus expectations(-)Higher customer prepayments versus expectations Net Revenue margin % Net Revenue margin %Beginning Fair Value Balance EndingFair Value BalanceOriginated PrincipalPrincipal PaymentsChange in Fair Value
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© Enova International, Inc. Consolidated Income Statements 331.Unaudited Consolidated Statements of Income12 Mo. Ended 12 Mo. Ended12 Mo. Ended12 Mo. Ended12 Mo. EndedYTD(in millions) Dec. 31,Dec. 31,Dec. 31,Dec. 31,Dec. 31, Sept. 30, 2021202220232024202520261Revenue $1,208 $1,736 $2,118 $2,658 $3,152$2,813Cost of Revenue / Change in FV(184)(618)(888)(1,128)(1,321)(1,102)Net Revenue 1,0241,1181,2301,5301,830 1,711 Operating ExpensesMarketing 271383415524621623Operations and technology 148174195224258231General and Administrative157140160157170138Depreciation and amortization 353738404228Total Operating Expenses 6117348089451,0901,020Income from Operations 413384422585739691Interest expense, net(77)(116)(195)(290)(339)(295)Foreign currency transaction gain (loss) -(1)-(1)-(1)Equity method investment income (loss)36-(17)21Other nonoperating expense(2)(1)-(6)(1)(1)Income before Income Taxes 337272227271401395Provision for income taxes 806552629392Net income from continuing operations before noncontrolling interest 256207175209308303Less: Net income (loss) attributable to noncontrolling interest1-----Net Income from Continuing Operations$256$207$175$209$308$303
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© Enova International, Inc. Consolidated Balance Sheets 341.Debt shown is net of deferred loan issuance costs and discounts 2.Unaudited Consolidated Balance SheetsAs ofAs ofAs ofAs ofAs ofAs of(in millions) Dec. 31,Dec. 31,Dec. 31,Dec. 31,Dec. 31,Sept. 30,2021202220232024202520262AssetsCash and restricted cash $226 $178 $377 $323 $408$497Loans and finance receivables, net 1,965 3,019 3,629 4,386 5,4726,596PP&E, net 78 93109120132141Goodwill and Intangible assets, net315 307 298 290 283281Other assets 177 184 172 147 173181Total Assets $2,761 $3,781 $4,585 $5,266 $6,468$7,696Liabilities and Stockholder’s EquityDebt1 $1,384 $2,259 $2,944 $3,563 $4,498$5,377Other liabilities 284 336 401 506 633750Total Liabilities 1,668 2,595 3,345 4,069 5,1316,127Total Stockholder’s Equity 1,093 1,186 1,240 1,197 1,3371,569Total Liabilities and Stockholder’s Equity $2,761 $3,781 $4,585 $5,266 $6,468$7,696
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© Enova International, Inc. Reconciliation of Non-GAAP Financial Measures 35 1.In the first, second and third quarters of 2026 and the fourth quarter of 2025, the Company recorded costs related to the planned acquisition of Grasshopper Bancorp, Inc. and its wholly-owned subsidiary Grasshopper Bank 2.In the second quarter of 2022, the Company recorded equity method investment income that was comprised primarily of a gain on Linear's sale of its operating company, partially offset by a loss on the sale of OnDeck Canada. In the third quarter of 2024, the Company recorded an equity method investment loss related to the write-down of its investment in Linear3.In the first quarter of 2024, the Company recorded costs related to a consent solicitation for the Senior Notes due 2025 4.In the third quarter of 2021, the Company recorded a gain upon the exit of leased office space5.In the fourth quarter of 2023, the Company consented to the issuance of a Consent Order by the Consumer Financial Protection Bureau, or the CFPB, pursuant to which it agreed, without admitting or denying any of the facts or conclusions made by the CFPB, to pay a civil money penalty of $15.0 million, which is nondeductible for tax purposes Net Income to Adjusted EBITDA12 Mo. Ended12 Mo. Ended12 Mo. Ended12 Mo. Ended12 Mo. Ended12 Mo. Ended(in millions)Dec. 31,Dec. 31,Dec. 31,Dec. 31,Dec. 31,Sept. 30,(unaudited) 202120222023202420252026Net income $256.3 $207.4 $175.1 $209.4 $308.4$382.4Depreciation and amortization expenses35.4 36.9 38.2 40.2 41.837.0Interest expense, net 75.9 115.9 194.8 290.4 339.3384.4Foreign currency transaction loss (gain) 0.4 (0.6) (0.1) 1.1 (0.4)0.4Provision for income taxes 80.1 65.2 52.1 61.7 92.6112.2Stock-based compensation expense 21.2 22.0 26.7 31.8 33.135.4Transaction-related costs1 1.4 0.70.80.36.612.1Equity method investment (income) loss2 (3.0)(6.4)(0.1)16.5(1.6)(1.9)Other nonoperating expenses3 1.9 1.3 0.35.71.00.6Lease termination and cease-use costs4 3.3 - - - - -Regulatory settlement5 - -15.2 - - -Adjusted EBITDA $473.0 $442.8 $503.0 $657.1 $820.9$962.6
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Customer first.Best answer wins.Operate as an owner.Thank you.Accountable for results.Top talent and teamwork.