Elevate Credit Inc logo

ELVT

Elevate Credit Inc

$1.89

Earnings Summary

Revenue
$124.24Mn
Net Profits
$-13.92Mn
Net Profit Margins
-11.21%

Highlights

Revenue:

Elevate Credit Inc’s revenue jumped 38.46% since last year same period to $124.24Mn in the Q1 2022. On a quarterly growth basis, Elevate Credit Inc has generated -4.08% fall in its revenue since last 3-months.

Net Profits:

Elevate Credit Inc’s net profit fell -209.49% since last year same period to $-13.92Mn in the Q1 2022. On a quarterly growth basis, Elevate Credit Inc has generated 56.85% jump in its net profits since last 3-months.

Net Profit Margins:

Elevate Credit Inc’s net profit margin fell -179.08% since last year same period to -11.21% in the Q1 2022. On a quarterly growth basis, Elevate Credit Inc has generated 55.01% jump in its net profit margins since last 3-months.

Earnings per share (EPS) Estimates

Earnings per share (EPS) estimates of the Elevate Credit Inc post its latest quarter earnings

EPS Estimate Current Quarter
-0.42
EPS Estimate Current Year
-0.42

Highlights

EPS Estimate Current Quarter:

Elevate Credit Inc’s earning per share (EPS) estimates for the current quarter stand at -0.42 - a -23.53% fall from last quarter’s estimates.

EPS Estimate Current Year:

Elevate Credit Inc’s earning per share (EPS) estimates for the current year stand at -0.42.

Key Ratios

Key ratios of the Elevate Credit Inc post its Q1 2022 earnings

Earning Per Share (EPS)
-0.44
Return on Assets (ROA)
-0.01
Return on Equity (ROE)
-0.37
Dividend Per Share (DPS)
0

Highlights

Earning Per Share (EPS):

Elevate Credit Inc’s earning per share (EPS) fell -229.41% since last year same period to -0.44 in the Q1 2022. This indicates that the Elevate Credit Inc has generated -229.41% annual rate of fall in its earning per share (EPS) in the last 4 quarters.

Return on Assets (ROA):

Return on assets (ROA) indicates the profitability of the company in relation to its total assets. This ratio tells the financial health of the company. The higher the ROA, the better the company’s financial health. If any company has a ROA in the range of 5% to 20% - it is generally considered good. ROA above 20% is generally considered excellent. Elevate Credit Inc’s return on assets (ROA) stands at -0.01.

Earning Per Share (EPS):

The Return On Equity ratio indicates a company’s ability to turn equity capital received from shareholders into profits. ROE highlights the efficiency of equity capital in running the business. Generally, a return on equity in double digits is considered good. Elevate Credit Inc’s return on equity (ROE) stands at -0.37.

Dividend Per Share (DPS):

Elevate Credit Inc declared 0 dividend per share during the earnings announcement for Q1 2022.

Earnings Calendar

Earnings DateEstimated EPSReported EPSSurprise %
2022-05-06
-0.34
-0.44
-29.41%

Company Information

Elevate, together with the banks that license its marketing and technology services, has originated $8.6 billion in non-prime credit to more than 2.5 million non-prime consumers to date and has saved its customers more than $7.6 billion versus the cost of payday loans. Its responsible, tech-enabled online credit solutions provide immediate relief to customers today and help them build a brighter financial future. The company is committed to rewarding borrowers' good financial behavior with features like interest rates that can go down over time, free financial training and free credit monitoring. Elevate's suite of groundbreaking credit brands includes RISE, Elastic and Today Card.

Organisation
Elevate Credit Inc
Headquarters
Fort Worth, Texas, US
Employees
437
Industry
Finance
CEO
Jason Harvison