Company: IMXI
Filing Date: 2025-08-11
Form Type: 10-Q
Source: 0001683695-25-000100
Chunk: 119

Company: International Money Express, Inc.
Filing Date: 2025-08-11
Form: 10-Q
Item: Item 8
Chunk 119
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 treasury stock are not considered outstanding and therefore are excluded from the weighted-average number of common shares outstanding calculation.

Segments

Our business is organized around one reportable segment that provides money transmittal services primarily between the United States and Canada, and certain countries in Europe to Mexico, Guatemala and other countries in Latin America, Africa, Asia and Europe through a network of authorized agents located in various unaffiliated retail establishments and 117 Company-operated stores throughout the United States, Canada, Spain, Italy, Germany and the United Kingdom, as well as digitally through the Internet via our websites and mobile device applications. This is based on the objectives of the business and how our chief operating decision maker, the CEO and President, monitors operating performance and allocates resources.

Results of Operations

The following table summarizes the key components of our results of operations for the periods indicated:

33

Three Months Ended June 30,Six Months Ended June 30,(in thousands, except for share data)2025202420252024Revenues:Wire transfer and money order fees, net$132,970 $145,837 $253,137 $272,758 Foreign exchange gain, net23,681 22,800 43,862 43,146 Other income4,482 2,894 8,444 6,039 Total revenues161,133 171,531 305,443 321,943 Operating expenses:Service charges from agents and banks102,257 113,369 196,045 211,303 Salaries and benefits18,525 16,893 36,813 34,999 Other selling, general and administrative expenses12,354 10,481 23,343 20,434 Provision for credit losses1,858 1,776 3,924 3,371 Restructuring costs— 2,711 306 2,711 Transaction costs2,224 26 3,393 36 Depreciation and amortization4,454 3,371 8,083 6,599 Total operating expenses141,672 148,627 271,907 279,453 Operating income19,461 22,904 33,536 42,490 Interest expense3,093 3,095 5,793 5,797 Income before income taxes16,368 19,809 27,743 36,693 Income tax provision5,361