Company: FCFS
Filing Date: 2025-07-28
Form Type: 10-Q
Source: 0000840489-25-000098
Chunk: 110

Company: FirstCash Holdings, Inc.
Filing Date: 2025-07-28
Form: 10-Q
Item: Part I, Item 8
Chunk 110
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24,264 35,275 (31)%Depreciation and amortization699 678 3 %Total segment expenses24,963 35,953 (31)%Segment pre-tax operating income$37,939 $25,909 46 %

(1)Includes $0.3 million and $0.4 million of depreciation of leased merchandise 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 transactions, consolidated depreciation of leased merchandise for the three months ended June 30, 2025 and 2024 totaled $78.3 million and $110.2 million, respectively.

(2)Includes $0.1 million and $0.2 million of provision for lease losses 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 transactions, consolidated provision for lease losses for the three months ended June 30, 2025 and 2024 totaled $32.5 million and $47.7 million, respectively.

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The following table provides a detail of gross transaction volumes originated during 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)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,