ENVA

Enova International is a technology-driven online lender to non-prime consumers and small businesses, and FY2025 was a standout. Revenue grew 18.6% to $3.15B, net income jumped 47.2% to $308M, and diluted EPS surged 55.0% to $11.52 — the EPS outpacing net income thanks to a 3.0% reduction in share count from $215M of buybacks. Return on equity reached 23.1% and operating income rose 26.5% to $739M (a 23.5% operating margin). The growth has been consistent: revenue climbed every year from $1.21B in FY2021, and the platform's analytics-driven underwriting is converting that origination growth into rising profit.

The model generates substantial cash — operating cash flow of $1.82B (+18.2%) — and management funds loan growth with debt, which is the nature of a balance-sheet lender. Long-term debt rose 26.2% to $4.50B and leverage is 3.84x liabilities/equity; high in absolute terms but appropriate for a profitable, well-underwritten consumer-credit book. Retained earnings grew 18.2% to $2.01B.