Company: IMXI
Filing Date: 2025-11-10
Form Type: 10-Q
Source: 0001628280-25-051013
Chunk: 12

Company: International Money Express, Inc.
Filing Date: 2025-11-10
Form: 10-Q
Item: Item 1
Chunk 12
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ITEM 1.    FINANCIAL STATEMENTS

INTERNATIONAL MONEY EXPRESS, INC.

CONDENSED CONSOLIDATED BALANCE SHEETS

(in thousands, except for share data)

September 30, 2025December 31, 2024ASSETS(unaudited)Current assets:Cash and cash equivalents$151,589 $130,503 Accounts receivable, net of allowance of $5,684 and $3,546, respectively119,218 107,077 Prepaid wires, net23,199 49,205 Prepaid expenses and other current assets17,218 10,998 Total current assets311,224 297,783 Property and equipment, net56,633 50,354 Goodwill55,195 55,195 Intangible assets, net26,576 26,847 Other assets29,104 32,198 Total assets$478,732 $462,377 LIABILITIES AND STOCKHOLDERS’ EQUITYCurrent liabilities:Accounts payable$18,328 $19,520 Wire transfers and money orders payable, net93,416 85,044 Accrued and other liabilities41,758 47,434 Total current liabilities153,502 151,998 Long-term liabilities:Debt, net157,929 156,623 Lease liabilities, net16,995 18,582 Deferred tax liability, net618 250 Total long-term liabilities175,542 175,455 Commitments and contingencies, see Note 17Stockholders’ equity:Preferred stock $0.0001 par value; 5,000,000 shares authorized, none issued or outstanding— — Common stock $0.0001 par value; 200,000,000 shares authorized, 40,676,779 and 40,164,056 shares issued and 29,713,211 and 30,548,702 shares outstanding as of September 30, 2025 and December 31, 2024, respectively4 4 Additional paid-in capital85,527 79,592 Retained earnings281,209 257,470 Accumulated other comprehensive loss(22)(1,446)Treasury stock, at cost; 10,963,568 and 9,615,354 shares as of September 30, 2025 and December 31, 2024, respectively(217,030