Company: IMXI
Filing Date: 2025-08-11
Form Type: 10-Q
Source: 0001683695-25-000100
Chunk: 159

Company: International Money Express, Inc.
Filing Date: 2025-08-11
Form: 10-Q
Item: Item 2
Chunk 159
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 1,776 3,924 3,371 Restructuring costs— 2,711 306 2,711 Transaction costs2,224 26 3,393 36 Depreciation and amortization4,454 3,371 8,083 6,599 Total operating expenses141,672 148,627 271,907 279,453 Operating income19,461 22,904 33,536 42,490 Interest expense3,093 3,095 5,793 5,797 Income before income taxes16,368 19,809 27,743 36,693 Income tax provision5,361 5,776 8,967 10,554 Net income$11,007 $14,033 $18,776 $26,139 Earnings per common share:Basic$0.37 $0.43 $0.62 $0.79 Diluted$0.37 $0.42 $0.62 $0.78 

Three Months Ended June 30, 2025 Compared to Three Months Ended June 30, 2024

Revenues

Revenues for the above periods are presented below:

($ in thousands)Three Months Ended June 30, 2025% ofRevenuesThree Months Ended June 30, 2024% ofRevenuesRevenues:Wire transfer and money order fees, net$132,970 82 %$145,837 85 %Foreign exchange gain, net23,681 15 %22,800 13 %Other income4,482 3 %2,894 2 %Total revenues$161,133 100 %$171,531 100 %

Wire transfer and money order fees, net of $133.0 million for the three months ended June 30, 2025 decreased by $12.8 million, or 8.8%, from $145.8 million for the three months ended June 30, 2024. The decrease was primarily due to a lower transaction volume processed through our retail network of sending agents and Company-operated stores in the second quarter of 2025 compared to the second quarter of 2024 as a result of a contraction in the market, particularly the Mexico corridor coupled with a change in consumer behavior of 

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sending a lower number of money transfers at