Company: FCFS
Filing Date: 2025-11-03
Form Type: 10-Q
Source: 0000840489-25-000120
Chunk: 158

Company: FirstCash Holdings, Inc.
Filing Date: 2025-11-03
Form: 10-Q
Item: Part I, Item 2
Chunk 158
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iquidity and Capital Resources.”

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Merger and acquisition expenses were $9.5 million during the third quarter of 2025 compared to $0.2 million in the third quarter of 2024. The increase was due primarily to expenses associated with the H&T Acquisition.

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Operating Results for the Nine Months Ended September 30, 2025 Compared to the Nine Months Ended September 30, 2024 

The following tables present segment information for the nine months ended September 30, 2025 compared to the nine months ended September 30, 2024 (in thousands). Operating expenses include salary and benefit expenses of pawn store-level employees and certain of AFF’s operations-focused departments, occupancy costs, bank and other payment processing charges, data analytics and decisioning costs, information technology costs, advertising costs, security, insurance, utilities, supplies, other costs incurred by the pawn stores and other operational costs incurred by AFF. Administrative expenses and amortization expense of acquired intangible assets are not included in the segment pre-tax operating income.

Nine Months Ended September 30, 2025U.S.PawnLatinAmericaPawnU.K.PawnRetail POSPaymentSolutionsCorporate/Intersegment EliminationsConsolidatedRevenue:   Retail merchandise sales$754,106 $401,132 $14,066 $— $(2,155)(1)$1,167,149 Pawn loan fees407,763 180,996 15,022 — — 603,781 Leased merchandise income— — — 429,242 — 429,242 Interest and fees on finance receivables— — — 231,171 — 231,171 Wholesale scrap jewelry sales107,839 37,580 23,272 — — 168,691 Other revenue— — 2,590 — — 2,590 Total revenue1,269,708 619,708 54,950 660,413 (2,155)2,602,624 Cost of revenue:   Cost of retail merchandise sold434,318 259,249 10,755 — (1,149)(1)703,173 Depreciation of leased merchandise— — — 243,925 (806)(1)243,119 Provision for lease losses— — — 88,276 (251)(1)88,025 Pro