Company: IMXI
Filing Date: 2025-11-10
Form Type: 10-Q
Source: 0001628280-25-051013
Chunk: 28

Company: International Money Express, Inc.
Filing Date: 2025-11-10
Form: 10-Q
Item: Item 1
Chunk 28
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 2025December 31, 2024Wire transfers payable, net$28,483 $22,437 Customer voided wires payable36,495 32,583 Money orders payable28,438 30,024 $93,416 $85,044 Customer voided wires payable consist primarily of wire transfers that were not completed because the recipient did not collect the funds within 30 days and the sender has not claimed the funds and, therefore, are considered unclaimed property. Unclaimed property laws of each state in the United States in which we operate, the District of Columbia, and Puerto Rico require us to track certain information for all of our money remittances and payment instruments and, if the funds underlying such remittances and instruments are unclaimed at the end of an applicable statutory abandonment period, require us to remit the proceeds of the unclaimed property to the appropriate jurisdiction. Applicable statutory abandonment periods range from three to seven years.

NOTE 9 – ACCRUED AND OTHER LIABILITIES

Accrued and other liabilities consisted of the following (in thousands):September 30, 2025December 31, 2024Commissions payable to sending agents$16,684 $18,080 Accrued salaries and benefits4,837 5,581 Accrued bank charges2,102 1,839 Lease liability, current portion6,208 6,468 Accrued professional fees1,766 1,092 Accrued taxes2,113 2,965 Deferred revenue loyalty program— 2,692 Contingent consideration liability1,158 1,158 Acquisition related liabilities1,594 1,244 Accrued transaction costs84 1,600 Other5,212 4,715 $41,758 $47,434 The following table shows the changes in the deferred revenue loyalty program liability (in thousands):Three Months Ended September 30,Nine Months Ended September 30,2025202420252024Beginning balance$543 $4,794 $2,692 $4,771 Revenue deferred during the period— 767 141 2,266 Revenue recognized during the period(543)(2,588)(2,833)(4,064)Ending balance$— $2,973 $— $2,973 

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NOTE 10 – DEBT

Debt consisted primarily of the