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Enova International vs Open Lending: revenue, profit, margins and growth compared

Enova International brought in $3.2B of revenue in fiscal 2025, Open Lending $93.2M in fiscal 2025. Revenue changed by +18.6% at Enova International and +288.0% at Open Lending on the year before, so Open Lending grew faster. Enova International kept 9.8% of its revenue as net profit, Open Lending -4.5%. Free cash flow was $1.8B at Enova International and -$3.3M at Open Lending.

Side by side, latest fiscal year

ENVALPRO
Fiscal year endedFY2025 (December 31, 2025)FY2025 (December 31, 2025)
Revenue$3.2B$93.2M
Revenue growth+18.6%+288.0%
Net income$308.4M-$4.2M
Net margin9.8%-4.5%
Free cash flow$1.8B-$3.3M
Free cash flow margin56.2%-3.5%
Earnings per share (diluted)$11.52-$0.04
Cash$71.7M$176.6M
Debt$4.5B$84.8M
Price to earnings15.1n/a
Market value$4.3B$371.2M
Dividend yieldn/an/a
Rank by revenue in sector#126 of 495 · Finance#345 of 495 · Finance

Over the years

Revenue
ENVA FY2018: $972.6MENVA FY2019: $1.2BENVA FY2020: $1.1BENVA FY2021: $1.2BENVA FY2022: $1.7BENVA FY2023: $2.1BENVA FY2024: $2.7BENVA FY2025: $3.2BLPRO FY2018: $52.2MLPRO FY2020: $92.8MLPRO FY2020: $108.9MLPRO FY2021: $215.7MLPRO FY2022: $179.6MLPRO FY2023: $117.5MLPRO FY2024: $24MLPRO FY2025: $93.2MFY18FY19FY20FY21FY22FY23FY24FY25
ENVA $3.2BLPRO $93.2M
Net income
ENVA FY2018: $70.1MENVA FY2019: $36.6MENVA FY2020: $377.8MENVA FY2021: $256.3MENVA FY2022: $207.4MENVA FY2023: $175.1MENVA FY2024: $209.4MENVA FY2025: $308.4MLPRO FY2018: $28.3MLPRO FY2020: $62.5MLPRO FY2020: -$97.6MLPRO FY2021: $146.1MLPRO FY2022: $66.6MLPRO FY2023: $22.1MLPRO FY2024: -$135MLPRO FY2025: -$4.2MFY18FY19FY20FY21FY22FY23FY24FY25
ENVA $308.4MLPRO -$4.2M
Net margin
ENVA FY2018: 7.2%ENVA FY2019: 3.1%ENVA FY2020: 34.9%ENVA FY2021: 21.2%ENVA FY2022: 11.9%ENVA FY2023: 8.3%ENVA FY2024: 7.9%ENVA FY2025: 9.8%LPRO FY2018: 54.2%LPRO FY2020: 67.4%LPRO FY2020: -89.6%LPRO FY2021: 67.7%LPRO FY2022: 37.1%LPRO FY2023: 18.8%LPRO FY2024: -562.0%LPRO FY2025: -4.5%FY18FY19FY20FY21FY22FY23FY24FY25
ENVA 9.8%LPRO -4.5%
Revenue growth
ENVA FY2019: +20.8%ENVA FY2020: -7.8%ENVA FY2021: +11.5%ENVA FY2022: +43.7%ENVA FY2023: +22.0%ENVA FY2024: +25.5%ENVA FY2025: +18.6%LPRO FY2020: +77.9%LPRO FY2020: +17.3%LPRO FY2021: +98.0%LPRO FY2022: -16.7%LPRO FY2023: -34.6%LPRO FY2024: -79.5%LPRO FY2025: +288.0%FY19FY20FY21FY22FY23FY24FY25
ENVA +18.6%LPRO +288.0%
Free cash flow
ENVA FY2018: $670.2MENVA FY2019: $828.6MENVA FY2020: $711.4MENVA FY2021: $442.2MENVA FY2022: $850.4MENVA FY2023: $1.1BENVA FY2024: $1.5BENVA FY2025: $1.8BLPRO FY2018: $28.5MLPRO FY2020: $41.7MLPRO FY2020: $23.4MLPRO FY2021: $95MLPRO FY2022: $107.2MLPRO FY2023: $82.5MLPRO FY2024: $17.4MLPRO FY2025: -$3.3MFY18FY19FY20FY21FY22FY23FY24FY25
ENVA $1.8BLPRO -$3.3M

Fiscal years as each company reports them; the two may end in different months.

Questions about Enova International and Open Lending

Which is bigger by revenue, Enova International or Open Lending?

Enova International is bigger by revenue: $3.2B in fiscal 2025, against $93.2M for Open Lending in fiscal 2025.

Which keeps more of its revenue as profit, Enova International or Open Lending?

Enova International had a net margin of 9.8% in fiscal 2025; Open Lending had -4.5% in fiscal 2025.

Which grew revenue faster, Enova International or Open Lending?

In their latest fiscal years revenue changed by +18.6% at Enova International and +288.0% at Open Lending.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

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