Company: CPSS
Filing Date: 2025-08-11
Form Type: 10-Q
Source: 0001683168-25-005901
Chunk: 62

Company: CONSUMER PORTFOLIO SERVICES, INC.
Filing Date: 2025-08-11
Form: 10-Q
Item: Part I, Item 8
Chunk 62
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 have maturities that range from six months to 10 years. We had $28.8 million and $26.5 million in subordinated renewable
notes outstanding at June 30, 2025, and December 31, 2024, respectively. In June 2021, March 2024, and again on March 20, 2025, we completed
a securitization of residual interests from other previously issued securitizations in the amount of $50 million, $50 million, and $65
million, respectively. As of June 30, 2025, all $155.1 million of the residual interest debt remains outstanding.

Our substantial indebtedness could adversely affect
our financial condition by, among other things:

·increasing our vulnerability to general adverse economic and industry conditions.

·requiring us to dedicate a substantial portion of our cash flow from operations to payments on our indebtedness,
thereby reducing the amounts available for working capital, capital expenditures and other general corporate purposes.

·limiting our flexibility in planning for, or reacting to, changes in our business and the industry in
which we operate.

·placing us at a competitive disadvantage compared to our competitors that have less debt; and

·limiting our ability to borrow additional funds.

Although we believe we are able to service and
repay such debt, there is no assurance that we will be able to do so. If we do not generate sufficient operating profits, our ability
to make the required payments on our debt would be impaired. Failure to pay our indebtedness when due could have a material adverse effect.

Item 2. Unregistered Sales of Equity Securities
and Use of Proceeds

During the three months ended June 30, 2025, we
repurchased 76,880 shares from existing shareholders, as reflected in the table below.

 50 

Issuer Purchases of Equity Securities

    Period(1) 
    Total Number of Shares Purchased  
    Average Price Paid per Share  
    Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs  
    Approximate Dollar Value of Shares that May Yet be Purchased Under the Plans or Programs (2) 

    April 2025 
     –  
    $–  
     –  
    $6,259,600 
  
    May 2025 
     27,544  
    $9.26  
     27,544