Company: IMXI
Filing Date: 2025-11-10
Form Type: 10-Q
Source: 0001628280-25-051013
Chunk: 137

Company: International Money Express, Inc.
Filing Date: 2025-11-10
Form: 10-Q
Item: Item 8
Chunk 137
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 reported on the Nasdaq Stock Market of the Company’s Common Stock on March 10, 2025), in a privately-negotiated transaction.

Operating Leases

We are party to operating leases for office space, warehouses and Company-operated store locations and vehicles, which we use as part of our day-to-day operations. Operating lease expenses were $1.7 million and $5.2 million for the three and nine months ended September 30, 2025, respectively, which we expect to be consistent throughout the year. We have not entered into finance lease commitments. For additional information on operating lease obligations, refer to Note 7, Leases, to the Condensed Consolidated Financial Statements.

Merger Agreement

Until the Merger closes, or the Merger Agreement is terminated, our liquidity requirements will primarily be funded by our cash flow from operations, borrowings under our existing credit facility and certain other capital activities allowed under the Merger Agreement. In 

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particular, we are subject to various restrictions under the Merger Agreement (except for under limited exceptions) on assuming additional debt, issuing additional equity or debt, repurchasing equity, making certain capital expenditures, and entering into certain acquisition, disposition and leasing transactions, among other restrictions, subject to the restrictions under the Merger Agreement.

Cash Flows

The following table summarizes the changes to our cash flows for the periods presented:

Nine Months Ended September 30,(in thousands)20252024Statements of Cash Flows Data:Net cash provided by operating activities$52,509 $57,968 Net cash used in investing activities(17,505)(27,859)Net cash used in financing activities(16,138)(111,234)Effect of exchange rate changes on cash and cash equivalents2,220 (1,467)Net increase (decrease) in cash and cash equivalents21,086 (82,592)Cash and cash equivalents, beginning of period130,503 239,203 Cash and cash equivalents, end of period$151,589 $156,611 

Operating Activities

Net cash provided by operating activities was $52.5 million for the nine months ended September 30, 2025, a decrease of $5.5 million from net cash provided by operating activities of $58.0 million for the nine months ended September 30, 2024. The decrease is primarily a result of a $9.7 million change in working capital, which varies due to timing of