Company: FCFS
Filing Date: 2025-07-28
Form Type: 10-Q
Source: 0000840489-25-000098
Chunk: 60

Company: FirstCash Holdings, Inc.
Filing Date: 2025-07-28
Form: 10-Q
Item: Part I, Item 1
Chunk 60
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 of revenue306,064 383,879 (20)%Net revenue140,126 130,548 7 %Segment expenses: Operating expenses48,482 70,091 (31)%Depreciation and amortization1,404 1,399 — %Total segment expenses49,886 71,490 (30)%Segment pre-tax operating income$90,240 $59,058 53 %

(1)Includes $0.6 million and $0.9 million of depreciation of leased merchandise from intersegment transactions for the six months ended June 30, 2025 and 2024, respectively, related to the Company offering AFF’s LTO payment solution in its U.S. pawn stores that are eliminated upon consolidation. Excluding these intersegment transactions, consolidated depreciation of leased merchandise for the six months ended June 30, 2025 and 2024 totaled $167.1 million and $230.4 million, respectively.

(2)Includes $0.2 million and $0.3 million of provision for lease losses from intersegment transactions for the six months ended June 30, 2025 and 2024, respectively, related to the Company offering AFF’s LTO payment solution in its U.S. pawn stores that are eliminated upon consolidation. Excluding these intersegment transactions, consolidated provision for lease losses for the six months ended June 30, 2025 and 2024 totaled $60.1 million and $90.7 million, respectively.

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The following table provides a detail of gross transaction volumes originated during the six months ended June 30, 2025 as compared to the six months ended June 30, 2024 (dollars in thousands):

Six Months EndedJune 30,Increase /20252024(Decrease)Leased merchandise$204,822 $300,899 (32)%Finance receivables291,205 207,422 40 %Total gross transaction volume$496,027 $508,321 (2)%

The following table details the changes in the allowance for lease and loan losses and other portfolio metrics for the six months ended June 30, 2025 as compared to the six months ended June 30, 2024 (dollars in thousands):

Six Months EndedJune 30,Increase / 20252024(Decrease)Allowance for lease losses:Balance at beginning of period$80,661 $95,752 (16