Company: FCFS
Filing Date: 2025-07-28
Form Type: 10-Q
Source: 0000840489-25-000098
Chunk: 27

Company: FirstCash Holdings, Inc.
Filing Date: 2025-07-28
Form: 10-Q
Item: Part I, Item 1
Chunk 27
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$125,884 $74,761 $4,717 $205,362 (1)The Company charges off finance receivables when a receivable is 90 days or more contractually past due.The following table details the gross charge-offs of finance receivables for the six months ended June 30, 2025 and 2024, by origination year (in thousands):Origination Year2025202420232022TotalFinance receivables gross charge-offs:Gross charge-offs during the six months ended June 30, 2025$9,902 $63,060 $5,535 $— $78,497 Gross charge-offs during the six months ended June 30, 2024— 6,589 50,049 5,454 62,092 

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Note 7 - Leased Merchandise, Net 

Leased merchandise, net consists of the following (in thousands):As of June 30,As ofDecember 31,202520242024Leased merchandise$260,373 $364,831 $319,444 Processing fees(2,229)(3,824)(2,960)Merchant partner (discounts) and premiums, net(34)1,851 493 Accumulated depreciation(87,754)(117,145)(108,283)Leased merchandise, before allowance for lease losses170,356 245,713 208,694 Less allowance for lease losses(69,667)(102,778)(80,257)Leased merchandise, net$100,689 $142,935 $128,437 The following table details the changes in the allowance for lease losses (in thousands):Three Months EndedSix Months EndedJune 30,June 30, 2025202420252024Balance at beginning of period$68,785 $95,127 $80,257 $95,127 Provision for lease losses32,543 47,653 60,105 90,663 Charge-offs(33,633)(41,666)(75,007)(86,679)Recoveries1,972 1,664 4,312 3,667 Balance at end of period$69,667 $102,778 $69,667 $102,778 

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Note 8 - Long-Term Debt 

The following table details the Company’s long-term