Ezcorp | 8-K: FY2026 Q1 Revenue Beats Estimate at USD 382.02 M

Revenue: As of FY2026 Q1, the actual value is USD 382.02 M, beating the estimate of USD 363.63 M.EPS: As of FY2026 Q1, the actual value is USD 0.55, beating the estimate of USD 0.4117.EBIT: As of FY2026 Q1, the actual value is USD 63.96 M.EZCORP, Inc. (艾茨克普) filed a Form 8-K on February 4, 2026, announcing its results for the quarter ended December 31, 2025.Consolidated Financial Highlights (Three Months Ended December 31, 2025 vs. 2024)Revenue Total revenues increased 19% to $382.0 million, up from $320.2 million in the prior year. On an adjusted basis, total revenues were $374.5 million in 2025 compared to $320.2 million in 2024. Merchandise sales were $210,147 thousand in 2025, up from $186,343 thousand in 2024. Jewelry scrap sales were $39,908 thousand in 2025, up from $16,732 thousand in 2024. Pawn service charges were $131,917 thousand in 2025, up from $117,052 thousand in 2024. Other revenues were $47 thousand in 2025, up from $43 thousand in 2024.Gross Profit Gross profit increased 20% to $223.0 million, up from $185.4 million in the prior year. On an adjusted basis, gross profit was $218.9 million in 2025 compared to $185.4 million in 2024. Merchandise cost of goods sold was $132,756 thousand in 2025, up from $121,824 thousand in 2024. Jewelry scrap cost of goods sold was $26,297 thousand in 2025, up from $12,942 thousand in 2024.Operating Expenses Total operating expenses were $162,358 thousand in 2025, up from $143,463 thousand in 2024. Store expenses increased 14% to $126,772 thousand, up from $110,936 thousand in 2024. General and administrative expenses increased 11% to $26,743 thousand, up from $24,184 thousand in 2024. Depreciation and amortization was $8,756 thousand in 2025, up from $8,335 thousand in 2024. Loss on sale or disposal of assets and other was $87 thousand in 2025, up from $8 thousand in 2024.Profitability Operating income was $60,608 thousand in 2025, up from $41,941 thousand in 2024. Net income increased 43% to $44.3 million. On an adjusted basis, net income increased 38% to $43.9 million. Income before income taxes was $59,171 thousand in 2025, up from $41,384 thousand in 2024. On an adjusted basis, income before tax was $58.3 million in 2025 compared to $42.4 million in 2024.Other Consolidated Financial Data Interest expense was $8,166 thousand in 2025, up from $3,147 thousand in 2024. Interest income was - $4,814 thousand in 2025, compared to - $2,093 thousand in 2024. Equity in net income of unconsolidated affiliates was - $1,823 thousand in 2025, compared to - $1,475 thousand in 2024. Other (income) expense was - $92 thousand in 2025, compared to $978 thousand in 2024. Income tax expense was $14,867 thousand in 2025, up from $10,368 thousand in 2024.Financial Position (as of December 31, 2025 vs. December 31, 2024)Cash and cash equivalents increased to $465,911 thousand from $174,506 thousand.Pawn loans were $314,353 thousand, up from $274,824 thousand.Inventory, net was $253,446 thousand, up from $199,481 thousand.Total assets were $1,987,480 thousand, up from $1,499,133 thousand.Total liabilities were $916,781 thousand, up from $675,239 thousand.Long-term debt, net was $518,555 thousand, up from $224,505 thousand.Total equity was $1,070,699 thousand, up from $823,894 thousand.Cash Flow (Three Months Ended December 31, 2025 vs. 2024)Net cash provided by operating activities was $39,146 thousand, up from $25,991 thousand.Net cash used in investing activities was - $30,958 thousand, up from - $14,040 thousand.Net cash used in financing activities was - $6,520 thousand, down from - $7,102 thousand.Net increase in cash, cash equivalents and restricted cash was $1,408 thousand, down from $4,085 thousand.Operational MetricsPawn loans outstanding (PLO) increased 14% to $314.4 million, and 11% on a same-store basis.Merchandise sales gross margin increased to 37% from 35%.Aged general merchandise increased 123 basis points to 3.3% of total general merchandise inventory.Jewelry scrap sales increased 139%, and jewelry scrap sales gross margin increased from 23% to 34%.Net inventory increased 27%, with inventory turnover decreasing to 2.5x from 2.7x.EZCORP, Inc. grew its footprint by 23 stores, including 17 acquired stores, 7 de novo stores, and the consolidation of 1 store during the quarter, operating 1,500 pawn stores across 16 countries.Segment Results (Three Months Ended December 31, 2025)U.S. Pawn PLO increased 9% to $239.9 million, and 8% on a same-store basis. Total revenues were $269,760 thousand, and gross profit was $160,709 thousand. Pawn service charges (PSC) increased 8%. Merchandise sales increased 8% (7% on a same-store basis), with sales gross margin increasing by 170 bps to 38%. Jewelry scrap sales increased 129%, and jewelry scrap sales gross margin increased from 23% to 34%. Net inventory increased 29%, with inventory turnover decreasing to 2.2x from 2.5x. Aged general merchandise increased by 56 bps to 3.1%. Store expenses increased 7% (6% on a same-store basis). Segment contribution increased 30% to $70.7 million. Segment store count increased by 2 to 547.Latin America Pawn PLO increased 36% to $74.4 million (23% on a constant currency basis). Total revenues were $112,259 thousand, and gross profit was $62,257 thousand. Total revenues increased 28% (19% on constant currency basis), and gross profit increased 33% (24% on a constant currency basis). PSC increased 26% to $36.7 million (18% on a constant currency basis). Merchandise sales increased 24% (15% on constant currency basis), with gross margin increasing to 34% from 30%. Jewelry scrap sales increased 256%, and jewelry scrap sales gross margin increased from 21% to 33%. Net inventory increased 23% (10% on a constant currency basis), with inventory turnover up to 3.1x from 3.0x. Aged general merchandise increased to 3.6%. Store expenses increased 34% (25% on a constant currency basis). Segment contribution increased 32% to $20.1 million (24% on a constant currency basis to $19.0 million). Segment store count increased by 21 to 836.Other Investments Interest income was - $963 thousand. Equity in net income of unconsolidated affiliates was - $1,823 thousand. Segment contribution was $2,786 thousand.OutlookEZCORP, Inc. anticipates continued exceptional performance for fiscal year 2026, driven by record first-quarter revenue and Pawn Loans Outstanding (PLO), and strong organic earnings growth. The company plans to integrate recent acquisitions and pursue further organic and inorganic growth opportunities, leveraging its liquid balance sheet and disciplined capital allocation strategy.