Company: FCFS
Filing Date: 2025-04-28
Form Type: 10-Q
Source: 0000840489-25-000061
Chunk: 116

Company: FirstCash Holdings, Inc.
Filing Date: 2025-04-28
Form: 10-Q
Item: Part I, Item 2
Chunk 116
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 respectively.

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The following table provides a detail of gross transaction volumes originated during the three months ended March 31, 2025 as compared to the three months ended March 31, 2024 (dollars in thousands):

Three Months EndedMarch 31,Increase /20252024(Decrease)Leased merchandise$94,305 $154,121 (39)%Finance receivables141,262 102,165 38 %Total gross transaction volume$235,567 $256,286 (8)%

The following table details retail POS payment solutions earning assets as of March 31, 2025 as compared to March 31, 2024 (dollars in thousands):

As of March 31,Increase / 20252024(Decrease)Leased merchandise, net:Leased merchandise, before allowance for lease losses$172,886 $253,876 (32)%Less allowance for lease losses(69,077)(95,786)(28)%Leased merchandise, net (1)$103,809 $158,090 (34)%Finance receivables, net:Finance receivables, before allowance for loan losses$263,421 $201,673 31 %Less allowance for loan losses(118,342)(96,020)23 %Finance receivables, net$145,079 $105,653 37 %

(1)Includes $0.2 million and $0.3 million of intersegment transactions as of March 31, 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 March 31, 2025 and 2024 totaled $103.6 million and $157.8 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 March 31, 2025 as compared to the three months ended March 31, 2024 (dollars in thousands):

Three Months EndedMarch 31,Increase / 20252024(Decrease)Allowance for lease losses:Balance at beginning of period$80,661 $95,752 (16)%Provision for lease losses (1)27,604 43,180 (36)%Charge-offs(41,528)(45,