易诺华国际 2025年度报告

ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934For the fiscal year ended December 31, 2025OR For the transition period fromtoCommission File Number 1-35503 Indicate by check if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act.YesNo Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during thepreceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90days.YesNo Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of RegulationS-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter time that the registrant was required to submit such files).YesNo Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerginggrowth company. See definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company” and “emerging growth company” in Rule 12b-2 of theExchange Act. Large accelerated filerAccelerated filerNon-accelerated filerSmaller reporting companyEmerging growth company If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revisedfinancial accounting standards provided pursuant to Section 13(a) of the Exchange Act. Indicate by check mark whether the registrant has filed a report on and attestation to its management's assessment of the effectiveness of its internal control overfinancial reporting under Section 404(b) of the Sarbanes-Oxley Act (15 U.S.C. 7262(b)) by the registered public accounting firm that prepared or issued its audit report. If securities are registered pursuant to Section 12(b) of the Act, indicate by check mark whether the financial statements of the registrant included in the filing reflectthe correction of an error to previously issued financial statements. Indicate by check mark whether any of those error corrections are restatements that required a recovery analysis of incentive-based compensation received by any ofthe registrant’s executive officers during the relevant recovery period pursuant to §240.10D-1(b). The aggregate market value of 23,940,686 shares of the registrant’s common stock, par value $0.00001 per share, held by non-affiliates on June 30, 2025 wasapproximately $2,669,865,303. At February 17, 2026 there were 25,010,319 shares of the registrant’s Common Stock, $0.00001 par value per share, outstanding. DOCUMENTS INCORPORATED BY REFERENCE Portions of the Company’s Proxy Statement for the 2026 Annual Meeting of stockholders are incorporated by reference into Part III of this report. ENOVA INTERNATIONAL, INC. YEAR ENDED DECEMBER 31, 2025 INDEX TO FORM 10-K PART I Item 1............................................................................................................................................................Business1Item 1A......................................................................................................................................................Risk Factors16Item 1B.............................................................................................................................Unresolved Staff Comments40Item 1C....................................................................................................................................................Cybersecurity40Item 2..........................................................................................................................................................Properties41Item 3.............................................................................................................................................Legal Proceedings42Item 4...................................................................................................................................Mine Safety Disclosures42 PART II Item 5...........................................................................................................................................................Market for Registrant’s Common Equity, Related Shareholder Matters and Issuer Purchases of EquitySecurities43Item 6...........................................................................................................................................................Reserved44Item 7...........................Management’s Discussion and Analysis of Financial Condition and Results of Operations45Item 7A...........................................................................Quantitative and Qualitative Disclosures about Market Risk65Item 8