Company: IMXI
Filing Date: 2025-11-10
Form Type: 10-Q
Source: 0001628280-25-051013
Chunk: 171

Company: International Money Express, Inc.
Filing Date: 2025-11-10
Form: 10-Q
Item: Item 2
Chunk 171
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 to Adjusted Earnings per Share:

Nine Months Ended September 30,20252024BasicDilutedBasicDilutedEarnings per Share$0.79 $0.79 $1.32 $1.30 Adjusted for:Share-based compensation0.23 0.23 0.21 0.21 Restructuring costs0.01 0.01 0.08 0.08 Transaction costs0.29 0.29 NMNMLegal contingency settlement— — (0.02)(0.02)Other charges and expenses0.05 0.05 0.03 0.03 Amortization of intangibles0.11 0.11 0.09 0.09 Income tax benefit related to adjustments(0.23)(0.23)(0.11)(0.11)Adjusted Earnings per Share$1.26 $1.25 $1.60 $1.58 

NM - Per share amounts are not meaningful.

The table above may contain slight summation differences due to rounding.

Adjusted EBITDA

Adjusted EBITDA (previously defined and used as described above) for the nine months ended September 30, 2025 was $74.2 million, representing a decrease of $16.1 million, or 17.8%, from $90.3 million for the nine months ended September 30, 2024. The decrease in Adjusted EBITDA was primarily due to the decrease in Net Income as discussed above, offset by the higher net effect of the adjusting items detailed in the table below.

The following table presents the reconciliation of Net Income, our closest GAAP measure, to Adjusted EBITDA:

Nine Months Ended September 30,(in thousands)20252024Net Income$23,739 $43,436 Adjusted for:Interest expense8,774 8,997 Income tax provision11,558 17,882 Depreciation and amortization12,493 9,981 EBITDA56,564 80,296 Share-based compensation (a)7,004 6,857 Restructuring costs (b)306 2,738 Transaction costs (c)8,746 86 Legal contingency settlement (d)— (570)Other charges and expenses (e)1,583 931 Adjusted EBITDA$74,203