Company: IMXI
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0001683695-25-000063
Chunk: 11

Company: International Money Express, Inc.
Filing Date: 2025-05-08
Form: 10-Q
Item: Item 1
Chunk 11
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ITEM 1.    FINANCIAL STATEMENTS

INTERNATIONAL MONEY EXPRESS, INC.

CONDENSED CONSOLIDATED BALANCE SHEETS

(in thousands, except for share data)

March 31, 2025December 31, 2024ASSETS(unaudited)Current assets:Cash and cash equivalents$151,764 $130,503 Accounts receivable, net of allowance of $4,095 and $3,546, respectively131,026 107,077 Prepaid wires, net32,577 49,205 Prepaid expenses and other current assets10,561 10,998 Total current assets325,928 297,783 Property and equipment, net52,603 50,354 Goodwill55,195 55,195 Intangible assets, net26,058 26,847 Deferred tax asset, net18 — Other assets30,787 32,198 Total assets$490,589 $462,377 LIABILITIES AND STOCKHOLDERS’ EQUITYCurrent liabilities:Accounts payable$23,410 $19,520 Wire transfers and money orders payable, net115,081 85,044 Accrued and other liabilities47,977 47,434 Total current liabilities186,468 151,998 Long-term liabilities:Debt, net147,385 156,623 Lease liabilities, net17,493 18,582 Deferred tax liability, net— 250 Total long-term liabilities164,878 175,455 Commitments and contingencies, see Note 17Stockholders’ equity:Preferred stock $0.0001 par value; 5,000,000 shares authorized, none issued or outstanding— — Common stock $0.0001 par value; 200,000,000 shares authorized, 40,332,957 and 40,164,056 shares issued and 30,349,730 and 30,548,702 shares outstanding as of March 31, 2025 and December 31, 2024, respectively4 4 Additional paid-in capital80,775 79,592 Retained earnings265,239 257,470 Accumulated other comprehensive loss(1,098)(1,446)Treasury stock, at cost; 9,983,227 and 9,615,354 shares as of March 31, 2025 and December