Company: FCFS
Filing Date: 2025-07-28
Form Type: 10-Q
Source: 0000840489-25-000098
Chunk: 143

Company: FirstCash Holdings, Inc.
Filing Date: 2025-07-28
Form: 10-Q
Item: Part I, Item 2
Chunk 143
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 financial statements have been prepared in accordance with GAAP. The significant accounting policies and estimates that the Company believes are the most critical to aid in fully understanding and evaluating its reported financial results have been reported in the Company’s 2024 Annual Report on Form 10-K. There have been no changes to the Company’s significant accounting policies for the six months ended June 30, 2025.

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RESULTS OF OPERATIONS (unaudited)

Operating Results for the Three Months Ended June 30, 2025 Compared to the Three Months Ended June 30, 2024

U.S. Pawn Segment

The following table presents segment pre-tax operating income and other operating metrics of the U.S. pawn segment for the three months ended June 30, 2025 compared to the three months ended June 30, 2024 (dollars in thousands). Operating expenses include salary and benefit expenses of pawn store-level employees, occupancy costs, bank charges, security, insurance, utilities, supplies and other costs incurred by the pawn stores.

Three Months EndedJune 30,20252024IncreaseU.S. Pawn SegmentRevenue:Retail merchandise sales (1)$249,918 $230,093 9 %Pawn loan fees130,948 120,332 9 %Wholesale scrap jewelry sales28,740 26,311 9 %Total revenue409,606 376,736 9 %Cost of revenue:  Cost of retail merchandise sold (2)143,149 132,449 8 %Cost of wholesale scrap jewelry sold26,265 21,269 23 %Total cost of revenue169,414 153,718 10 %Net revenue240,192 223,018 8 %Segment expenses:  Operating expenses133,815 125,192 7 %Depreciation and amortization8,091 7,231 12 %Total segment expenses141,906 132,423 7 %Segment pre-tax operating income$98,286 $90,595 8 %Operating metrics:Retail merchandise sales margin43 %42 %Net revenue margin59 %59 %Segment pre-tax operating margin24 %24 %

(1)Includes $0.7 million and $1.1 million of retail merchandise sales from intersegment transactions for the three months ended June 30, 2025 and 2024, respectively, related to the Company offering AFF’s LTO payment solution