Company: FCFS
Filing Date: 2025-07-28
Form Type: 10-Q
Source: 0000840489-25-000098
Chunk: 107

Company: FirstCash Holdings, Inc.
Filing Date: 2025-07-28
Form: 10-Q
Item: Part I, Item 8
Chunk 107
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 cost of revenue96,218 93,549 3 %108,452 16 %Net revenue109,688 110,433 (1)%122,355 11 %Segment expenses:   Operating expenses64,414 67,902 (5)%72,340 7 %Depreciation and amortization4,294 5,418 (21)%4,804 (11)%Total segment expenses68,708 73,320 (6)%77,144 5 %Segment pre-tax operating income$40,980 $37,113 10 %$45,211 22 %Operating metrics:Retail merchandise sales margin36 %36 %36 %Net revenue margin53 %54 %53 %Segment pre-tax operating margin20 %18 %20 %

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The following table details earning assets, which consist of pawn loans and inventories as well as other earning asset metrics of the Latin America pawn segment, as of June 30, 2025 compared to June 30, 2024 (dollars in thousands, except as otherwise noted):

Constant Currency BasisAs ofJune 30,As of June 30,2025Increase 20252024Increase(Non-GAAP)(Non-GAAP)Latin America Pawn Segment    Earning assets:Pawn loans$150,575 $135,389 11 %$154,466 14 %Inventories102,848 91,996 12 %105,501 15 %$253,423 $227,385 11 %$259,967 14 %Average outstanding pawn loan amount  (in ones)$96 $89 8 %$98 10 %Composition of pawn collateral:General merchandise57 %63 %Jewelry43 %37 %100 %100 %Composition of inventories:General merchandise59 %69 %Jewelry41 %31 %100 %100 %Percentage of inventory aged greater than one year1.5 %1.2 %Inventory turns (trailing twelve months cost of merchandise sales divided by average inventories)4.1 times4.3 timesStore count1,833 1,817 1 %Weighted-average store count for the three months ended June 301,830 1,814 1 %Weighted-average store count for the