Company: FCFS
Filing Date: 2025-11-03
Form Type: 10-Q
Source: 0000840489-25-000120
Chunk: 123

Company: FirstCash Holdings, Inc.
Filing Date: 2025-11-03
Form: 10-Q
Item: Part I, Item 8
Chunk 123
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Leased merchandise portfolio metrics:Provision rate (1)28.5 %29.3 %Average monthly net charge-off rate (2)6.2 %5.9 %Delinquency rate (3)25.5 %23.6 %Finance receivables portfolio metrics:Provision rate (1)27.2 %29.1 %Average monthly net charge-off rate (2)4.8 %4.5 %Delinquency rate (3)22.4 %19.4 %

(1)Calculated as provision for lease or loan losses as a percentage of the respective gross transaction volume originated. 

(2)Calculated as charge-offs, net of recoveries, as a percentage of the respective average earning asset balance before allowance for lease or loan losses.

(3)Calculated as the percentage of the respective contractual earning asset balance owed that is 1 to 89 days past due (the Company charges off leases and finance receivables when they are 90 days or more contractually past due).

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U.S. Pawn Segment

Retail Merchandise Sales Operations

U.S. retail merchandise sales increased 7% to $754.1 million during the nine months ended September 30, 2025 compared to $702.1 million for the nine months ended September 30, 2024. Same-store retail sales increased 6% during the nine months ended September 30, 2025 compared to the nine months ended September 30, 2024. The increase in total and same-store retail sales was primarily due to continued strong demand for value priced merchandise and increased inventory levels during the nine months ended September 30, 2025 compared to the nine months ended September 30, 2024. The gross profit margin on retail merchandise sales in the U.S. was 42% during both the nine months ended September 30, 2025 and 2024. 

Pawn Lending Operations

U.S. pawn loan fees increased 10% to $407.8 million during the nine months ended September 30, 2025 compared to $371.7 million for the nine months ended September 30, 2024. Same-store pawn loan fees increased 9% during the nine months ended September 30, 2025 compared to the nine months ended September 30, 2024. The increase in total and same-store pawn loan fees was primarily due to the higher pawn loan balances