Company: FCFS
Filing Date: 2025-07-28
Form Type: 10-Q
Source: 0000840489-25-000098
Chunk: 50

Company: FirstCash Holdings, Inc.
Filing Date: 2025-07-28
Form: 10-Q
Item: Part I, Item 1
Chunk 50
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24(Decrease)Leased merchandise$110,516 $146,778 (25)%Finance receivables149,943 105,258 42 %Total gross transaction volume$260,459 $252,036 3 %

The following table details retail POS payment solutions earning assets as of June 30, 2025 as compared to June 30, 2024 (dollars in thousands):

As of June 30,Increase / 20252024(Decrease)Leased merchandise, net:Leased merchandise, before allowance for lease losses$170,824 $246,457 (31)%Less allowance for lease losses(69,972)(103,301)(32)%Leased merchandise, net (1)$100,852 $143,156 (30)%Finance receivables, net:Finance receivables, before allowance for loan losses$277,392 $205,362 35 %Less allowance for loan losses(122,874)(99,961)23 %Finance receivables, net$154,518 $105,401 47 %

(1)Includes $0.2 million of intersegment transactions as of both June 30, 2025 and 2024, respectively, related to the Company offering AFF’s LTO payment solution in its U.S. pawn stores that are eliminated upon consolidation. Excluding these intersegment transactions, consolidated net leased merchandise as of June 30, 2025 and 2024 totaled $100.7 million and $142.9 million, respectively.

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The following table details the changes in the allowance for lease and loan losses and other portfolio metrics for the three months ended June 30, 2025 as compared to the three months ended June 30, 2024 (dollars in thousands):

Three Months EndedJune 30,Increase / 20252024(Decrease)Allowance for lease losses:Balance at beginning of period$69,077 $95,786 (28)%Provision for lease losses (1)32,667 47,824 (32)%Charge-offs(33,744)(41,973)(20)%Recoveries1,972 1,664 19 %Balance at end of period$69,972 $103,301 (32)%Leased merchandise portfolio metrics:Provision rate (2)30 %33 %Average monthly net charge-off rate (3)6