Company: IMXI
Filing Date: 2025-08-11
Form Type: 10-Q
Source: 0001683695-25-000100
Chunk: 164

Company: International Money Express, Inc.
Filing Date: 2025-08-11
Form: 10-Q
Item: Item 2
Chunk 164
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Adjusted Earnings per Share - Basic and Diluted is calculated by dividing Adjusted Net Income by GAAP weighted-average common shares outstanding (basic and diluted).

Adjusted Net Income for the three months ended June 30, 2025 was $15.2 million, representing a decrease of $2.9 million from Adjusted Net Income of $18.1 million for the three months ended June 30, 2024. The decrease in Adjusted Net Income was primarily due to the decrease in Net Income discussed above, slightly offset by the higher net effect of the adjusting items detailed in the table below.

The following table presents the reconciliation of Net Income, our closest GAAP measure, to Adjusted Net Income:

Three Months Ended June 30,(in thousands, except for per share data)20252024Net Income$11,007 $14,033 Adjusted for:Share-based compensation (a)2,133 2,392 Restructuring costs (b)— 2,711 Transaction costs (c)2,224 26 Legal contingency settlement (d)— (570)Other charges and expenses (e)516 218 Amortization of intangibles (f)1,437 958 Income tax benefit related to adjustments (g)(2,068)(1,673)Adjusted Net Income$15,249 $18,095 Adjusted Earnings per ShareBasic$0.51 $0.55 Diluted$0.51 $0.55 Weighted-average common shares outstandingBasic29,843,687 32,698,951 Diluted29,912,615 33,090,806 

(a)Represents share-based compensation relating to equity awards granted primarily to employees and independent directors of the Company.

(b)Represents primarily severance, write-off of assets and, legal and professional fees related to the execution of restructuring plans.

(c)Represents primarily financial advisory, professional and legal fees related to evaluation of strategic alternatives and business acquisition transactions.

(d)Represents a gain contingency related to a legal settlement.

(e)Represents primarily loss on disposal of fixed assets.

(f)Represents the amortization of certain intangible assets that resulted from business and asset acquisition transactions.

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(g)Represents the current and deferred tax impact of the taxable adjustments to Net Income using the Company’s blended federal and state tax rate for each period. Relevant tax-deductible adjustments include all adjustments to Net Income.

Adjusted Earnings