Company: FCFS
Filing Date: 2025-07-28
Form Type: 10-Q
Source: 0000840489-25-000098
Chunk: 144

Company: FirstCash Holdings, Inc.
Filing Date: 2025-07-28
Form: 10-Q
Item: Part I, Item 2
Chunk 144
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 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 %Average outstanding pawn loan amount (in ones)$286 $260 10 %Composition of pawn collateral:General merchandise28 %30 %Jewelry72 %70 % 100 %100 %Composition of inventories:General merchandise39 %43 %Jewelry61 %57 %100 %100 %Percentage of inventory aged greater than one year1.9 %1.3 %Inventory turns (trailing twelve months cost of merchandise sales divided by average inventories)2.8 times2.8 timesStore count1,194 1,201 (1)%Weighted-average store count for the three months ended June 301,196 1,199 — %Weighted-average store count for the six months ended June 301,198 1,190 1 %

Retail Merchandise Sales Operations

U.S. retail merchandise sales increased 9% to $249.9 million during the second quarter of 2025 compared to $230.1 million