Company: IMXI
Filing Date: 2025-08-11
Form Type: 10-Q
Source: 0001683695-25-000100
Chunk: 16

Company: International Money Express, Inc.
Filing Date: 2025-08-11
Form: 10-Q
Item: Item 1
Chunk 16
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 and December 31, 2024, respectively(217,030)(200,696)Total stockholders’ equity142,253 134,924 Total liabilities and stockholders’ equity$518,015 $462,377 

The accompanying notes are an integral part of these unaudited condensed consolidated financial statements.4

Index

INTERNATIONAL MONEY EXPRESS, INC.

CONDENSED CONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME

(in thousands, except for share data, unaudited)

Three Months Ended June 30,Six Months Ended June 30,2025202420252024Revenues:Wire transfer and money order fees, net$132,970 $145,837 $253,137 $272,758 Foreign exchange gain, net23,681 22,800 43,862 43,146 Other income4,482 2,894 8,444 6,039 Total revenues161,133 171,531 305,443 321,943 Operating expenses:Service charges from agents and banks102,257 113,369 196,045 211,303 Salaries and benefits18,525 16,893 36,813 34,999 Other selling, general and administrative expenses12,354 10,481 23,343 20,434 Provision for credit losses1,858 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 income11,007 14,033 18,776 26,139 Other comprehensive income (loss)1,236 (375)1,584 (520)Comprehensive income$12,243 $13,658 $20,360 $25,