Company: IMXI
Filing Date: 2025-11-10
Form Type: 10-Q
Source: 0001628280-25-051013
Chunk: 40

Company: International Money Express, Inc.
Filing Date: 2025-11-10
Form: 10-Q
Item: Item 1
Chunk 40
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, 178.9 thousand RSAs and 2.5 thousand PSUs excluded from the diluted earnings per share calculation because, under the treasury stock method, the inclusion of these would be anti-dilutive.As of September 30, 2024, there were approximately 257.5 thousand RSUs and 113.0 thousand RSAs excluded from the diluted earnings per share calculation because, under the treasury stock method, the inclusion of these would be anti-dilutive.As discussed in Note 13, the Company repurchased 1,348,214 shares of its common stock in the nine months ended September 30, 2025(none in the three months ended September 30, 2025). The effect of these repurchases on the Company’s weighted-average shares outstanding for the three and nine months ended September 30, 2025 was a reduction of 1,348,214 shares and 770,552 shares, respectively, due to the timing of the repurchases.

NOTE 15 – INCOME TAXES

A reconciliation between the income tax provision at the U.S. statutory tax rate and the Company’s income tax provision on the condensed consolidated statements of income and comprehensive income is below (in thousands, except for tax rates):Three Months EndedSeptember 30,Nine Months EndedSeptember 30,2025202420252024Income before income taxes$7,554 $24,625 $35,297 $61,318 U.S statutory tax rate21 %21 %21 %21 %Income tax expense at statutory rate1,586 5,171 7,412 12,877 State tax expense, net of federal benefit586 1,734 2,726 4,479 Foreign tax rates different from U.S. statutory rate22 17 307 109 Non-deductible expenses247 335 717 822 Stock compensation120 (10)369 (518)Other30 81 27 113 Total income tax provision$2,591 $7,328 $11,558 $17,882 Effective income tax rates for interim periods are based upon our current estimated annual rate. The Company’s effective income tax rate varies based upon an estimate of taxable earnings as well as on the mix of taxable earnings in the various states and countries in which we operate. Changes in the annual allocation and apportionment of the Company’s activity among these jurisdictions results in changes to the effective rate utilized to