Company: IMXI
Filing Date: 2025-08-11
Form Type: 10-Q
Source: 0001683695-25-000100
Chunk: 71

Company: International Money Express, Inc.
Filing Date: 2025-08-11
Form: 10-Q
Item: Item 1
Chunk 71
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NMLegal contingency settlement— — (0.02)(0.02)Other charges and expenses0.03 0.03 0.02 0.02 Amortization of intangibles0.07 0.07 0.06 0.06 Income tax benefit related to adjustments(0.12)(0.12)(0.08)(0.08)Adjusted Earnings per Share$0.87 $0.86 $0.99 $0.97 

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 six months ended June 30, 2025 was $50.4 million, representing a decrease of $6.1 million, or 10.8%, from $56.5 million for the six months ended June 30, 2024. The decrease in Adjusted EBITDA was primarily due to the decrease in Net Income as discussed above, partially 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:

Six Months Ended June 30,(in thousands)20252024Net Income$18,776 $26,139 Adjusted for:Interest expense5,793 5,797 Income tax provision8,967 10,554 Depreciation and amortization8,083 6,599 EBITDA41,619 49,089 Share-based compensation (a)4,245 4,545 Restructuring costs (b)306 2,711 Transaction costs (c)3,393 36 Legal contingency settlement (d)— (570)Other charges and expenses (e)843 655 Adjusted EBITDA$50,406 $56,466 

(a)Represents share-based compensation relating to equity awards granted primarily to employees and independent directors of the Company.

(b)Represents primarily severance, write-off of assets and legal and professional fees related to the execution of restructuring plans.

(c)Represents primarily financial advisory, professional and legal fees related to evaluation of strategic alternatives and business acquisition transactions.

(d)Represents a gain contingency related to a legal settlement.

(e)Represents primarily loss on disposal of fixed assets.

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