Company: FCFS
Filing Date: 2025-07-28
Form Type: 10-Q
Source: 0000840489-25-000098
Chunk: 43

Company: FirstCash Holdings, Inc.
Filing Date: 2025-07-28
Form: 10-Q
Item: Part I, Item 1
Chunk 43
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 sold (2)143,149 132,449 8 %Cost of wholesale scrap jewelry sold26,265 21,269 23 %Total cost of revenue169,414 153,718 10 %Net revenue240,192 223,018 8 %Segment expenses:  Operating expenses133,815 125,192 7 %Depreciation and amortization8,091 7,231 12 %Total segment expenses141,906 132,423 7 %Segment pre-tax operating income$98,286 $90,595 8 %Operating metrics:Retail merchandise sales margin43 %42 %Net revenue margin59 %59 %Segment pre-tax operating margin24 %24 %

(1)Includes $0.7 million and $1.1 million of retail merchandise sales from intersegment transactions for the three months ended 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 sales, consolidated U.S. retail merchandise sales for the three months ended June 30, 2025 and 2024 totaled $249.2 million and $229.0 million, respectively.

(2)Includes $0.4 million and $0.6 million of cost of retail merchandise sold from intersegment transactions for the three months ended 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 sales, consolidated U.S. cost of retail merchandise sold for the three months ended June 30, 2025 and 2024 totaled $142.7 million and $131.9 million, respectively.

27

The following table details earning assets, which consist of pawn loans and inventories as well as other earning asset metrics of the U.S. pawn segment, as of June 30, 2025 compared to June 30, 2024 (dollars in thousands, except as otherwise noted): 

As of June 30, 20252024IncreaseU.S. Pawn Segment   Earning assets:Pawn loans$400,143 $356,342 12 %Inventories252,885 223,428 13 %$653,028 $579,770 13 %