Company: FCFS
Filing Date: 2025-04-28
Form Type: 10-Q
Source: 0000840489-25-000061
Chunk: 83

Company: FirstCash Holdings, Inc.
Filing Date: 2025-04-28
Form: 10-Q
Item: Part I, Item 8
Chunk 83
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 stores.

Constant Currency BasisThree MonthsEndedThree Months EndedMarch 31,March 31,Increase /2025Increase 20252024(Decrease)(Non-GAAP)(Non-GAAP)Latin America Pawn SegmentRevenue:Retail merchandise sales$120,532 $130,849 (8)%$143,211 9 %Pawn loan fees53,923 56,561 (5)%64,091 13 %Wholesale scrap jewelry sales9,673 9,230 5 %9,673 5 %Total revenue184,128 196,640 (6)%216,975 10 %Cost of revenue:   Cost of retail merchandise sold78,739 84,183 (6)%93,439 11 %Cost of wholesale scrap jewelry sold8,131 8,023 1 %9,647 20 %Total cost of revenue86,870 92,206 (6)%103,086 12 %Net revenue97,258 104,434 (7)%113,889 9 %Segment expenses:   Operating expenses61,417 67,425 (9)%72,515 8 %Depreciation and amortization4,436 5,105 (13)%5,216 2 %Total segment expenses65,853 72,530 (9)%77,731 7 %Segment pre-tax operating income$31,405 $31,904 (2)%$36,158 13 %Operating metrics:Retail merchandise sales margin35 %36 %35 %Net revenue margin53 %53 %52 %Segment pre-tax operating margin17 %16 %17 %

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The following table details earning assets, which consist of pawn loans and inventories as well as other earning asset metrics of the Latin America pawn segment, as of March 31, 2025 compared to March 31, 2024 (dollars in thousands, except as otherwise noted):

Constant Currency BasisAs ofMarch 31,As of March 31,Increase /2025Increase 20252024(Decrease)(Non-GAAP)(Non-GAAP)Latin America Pawn Segment    Earning assets:Pawn loans$133,738 $140,287 (5)%$161,065 15 %Inventories88,463 85,623 3 %106,