Company: CPSS
Filing Date: 2025-05-12
Form Type: 10-Q
Source: 0001683168-25-003436
Chunk: 2

Company: CONSUMER PORTFOLIO SERVICES, INC.
Filing Date: 2025-05-12
Form: 10-Q
Item: Part I, Item 1
Chunk 2
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    Income before income tax expense 
     6,802  
     6,557 
  
    Income tax expense 
     2,108  
     1,967 
  
    Net income 
    $4,694  
    $4,590 

    Earnings per share: 

    Basic 
    $0.22  
    $0.22 
  
    Diluted 
    $0.19  
    $0.19 

    Number of shares used in computing earnings per share: 

    Basic 
     21,444  
     21,143 
  
    Diluted 
     24,325  
     24,602 

See accompanying Notes to Unaudited Condensed
Consolidated Financial Statements.

 4 

CONSUMER PORTFOLIO SERVICES, INC. AND SUBSIDIARIES

UNAUDITED CONDENSED CONSOLIDATED STATEMENTS
OF COMPREHENSIVE INCOME

(In thousands)

    Three Months Ended 

    March 31, 

    2025  
    2024 

    Net income 
    $4,694  
    $4,590 

    Other comprehensive income/(loss); change in funded status of pension plan 
     –  
     – 
  
    Comprehensive income 
    $4,694  
    $4,590 

See accompanying Notes to Unaudited Condensed
Consolidated Financial Statements.

 5 

CONSUMER PORTFOLIO SERVICES, INC. AND SUBSIDIARIES

UNAUDITED CONDENSED CONSOLIDATED STATEMENTS
OF CASH FLOWS

(In thousands)

    Three Months Ended 

    March 31, 

    2025  
    2024 
  
    Cash flows from operating activities: 

    Net income 
    $4,694  
    $4,590 
  
    Adjustments to reconcile net income to net cash provided by operating activities: 

    Net interest income accretion on fair value receivables 
     64,907  
     54,247 
  
    Depreciation and amortization 
     249  
     215 
  
    Amortization of deferred financing costs 
     2,865  
     (672)
  
    Mark to finance receivables measured at fair value 
     (3