Enova (ENVA) Q4 2025 Earnings Call Transcript

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Tuesday, January 27, 2026 astatine 5:00 p.m. ET

• Executive Chairman of the Board of Directors — David Fisher

• Chief Executive Officer — Steven Cunningham

• Chief Financial Officer — Scott Cornelis

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David Fisher, Executive Chairman of the Board of Directors; Steve Cunningham, Chief Executive Officer; and Scott Cornelis, Chief Financial Officer. This telephone is being webcast and volition beryllium archived connected the Investor Relations conception of our website. Before I crook the telephone implicit to David, I'd similar to enactment that today's treatment volition incorporate forward-looking statements, and arsenic such, is taxable to risks and uncertainties. Actual results whitethorn disagree materially arsenic a effect from assorted important hazard factors, including those discussed successful our net property merchandise and successful our yearly study connected Form 10-K, quarterly reports connected Form 10-Q and existent reports connected Form 8-K.

Please enactment that immoderate forward-looking statements that are made connected this telephone are based connected assumptions arsenic of today, and we undertake nary work to update these statements arsenic a effect of caller accusation oregon aboriginal events. In summation to U.S. GAAP reporting, Enova reports definite fiscal measures that bash not conform to mostly accepted accounting principles. We judge these non-GAAP measures heighten the knowing of our performance. Reconciliations betwixt these GAAP and non-GAAP measures are included successful the tables recovered successful today's property release. As noted successful our net release, we person posted supplemental fiscal accusation connected the IR information of our website. And with that, I'd similar to crook the telephone implicit to David.

David Fisher: Thanks, and bully afternoon, everyone. I admit you joining our telephone today. Also with maine contiguous are Steve Cunningham and Scott Cornelis. As I'm definite astir of you know, effectual January 1, Steve became CEO of Enova and Scott became CFO arsenic I transitioned to the Executive Chairman role, person committed to stay arsenic an enforcement seat for astatine slightest 2 years. With the afloat enactment of the Board, this determination was thoroughly, thoughtfully and deliberately planned implicit much than a twelvemonth and having worked intimately with some Steve and Scott for galore years, I'm assured that they are the close leaders to spot Enova done its adjacent signifier of growth.

And the timing has worked retired adjacent amended than we had hoped. As Steve and Scott volition sermon successful much detail, Q4 was different precise beardown quarter, wrapping up a grounds twelvemonth for Enova. And arsenic announced successful December, with our pending acquisition of Grasshopper Bank. We judge we person recovered the cleanable spouse astatine the cleanable clip to instrumentality Enova to the adjacent level by simplifying our regulatory structure, opening up further markets for our user products adding further low-cost backing sources, providing a level for caller merchandise opportunities. When I archetypal joined Enova, I ne'er anticipated staying for much than a fewer years.