Company: IMXI
Filing Date: 2025-11-10
Form Type: 10-Q
Source: 0001628280-25-051013
Chunk: 22

Company: International Money Express, Inc.
Filing Date: 2025-11-10
Form: 10-Q
Item: Item 1
Chunk 22
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 30, 2025Nine Months Ended September 30, 2025Severance costsLegal and professional feesSeverance costsLegal and professional feesBeginning balance$69 $— $300 $16 Charges incurred— — 297 9 Payments/other(69)— (597)(25)Ending balance$— $— $— $— The following table presents the changes in our liability balance related to restructuring costs for the three and nine months ended September 30, 2024 (in thousands):Three Months Ended September 30, 2024Nine Months Ended September 30, 2024Severance costsLegal and professional feesSeverance costsLegal and professional feesBeginning balance$961 $366 $— $— Charges incurred27 — 1,691 376 Payments(452)(357)(1,155)(367)Ending balance$536 $9 $536 $9 Transaction CostsTransaction costs include all internal and external costs directly related to acquisition activities and the Company's evaluation of strategic alternatives including the pending Merger with Western Union, consisting primarily of legal, consulting, accounting and financial advisory fees. Transaction costs were $5.4 million and $50.0 thousand for the three months ended September 30, 2025 and 2024, respectively, and $8.7 million and $86.0 thousand for the nine months ended September 30, 2025 and 2024, respectively.

NOTE 3 – REVENUES

The Company recognized revenues from contracts with customers, sending agents, digital partners and others for the three and nine months ended September 30, 2025 and 2024, as follows (in thousands):Three Months Ended September 30,Nine Months Ended September 30,2025202420252024Wire transfer and money order fees$128,091 $145,444 $382,588 $419,485 Discounts and promotions(296)(844)(1,656)(2,127)Wire transfer and money order fees, net127,795 144,600 380,932 417,358 Foreign exchange gain, net22,278 23,954 66,140 67,100 Other income4,848 3,393 13,292 9,432 Total revenues$154,921 $171,947 $460,364 $493,890 There are