Company: CPSS
Filing Date: 2025-08-11
Form Type: 10-Q
Source: 0001683168-25-005901
Chunk: 36

Company: CONSUMER PORTFOLIO SERVICES, INC.
Filing Date: 2025-08-11
Form: 10-Q
Item: Part I, Item 8
Chunk 36
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 other communication services, credit services, computer services, sales and advertising
expenses, and depreciation and amortization.

Total operating expenses were
$102.8 million for the three months ended June 30, 2025, compared to $89.2 million for the prior period, an increase of $13.6 million,
or 15.3%. The increase is primarily due to increases in interest expense.

 34 

Employee costs were $24.4 million
during the three months ended June 30, 2025, compared to $23.7 million for the same quarter in the prior year, an increase of $637,000,
or 2.7%. The table below summarizes our employees by category as well as contract purchases and units in our managed portfolio as of,
and for the three-month periods ended, June 30, 2025, and 2024:

    Three Months Ended June 30, 

    2025  
    2024 

    (Dollars in millions) 
  
    Contracts purchased (dollars) 
    $433.0  
    $431.9 
  
    Contracts purchased (units) 
     19,322  
     19,710 
  
    Managed portfolio outstanding (dollars) 
    $3,708.4  
    $3,173.3 
  
    Managed portfolio outstanding (units) 
     211,246  
     187,968 

    Number of Originations staff 
     195  
     198 
  
    Number of Sales staff 
     118  
     106 
  
    Number of Servicing staff 
     552  
     532 
  
    Number of other staff 
     67  
     89 
  
    Total number of employees 
     932  
     925 

General and administrative expenses
include costs associated with purchasing and servicing our portfolio of finance receivables, including expenses for facilities, credit
services, and telecommunications. General and administrative expenses was $13.2 million, a decrease of $77,000 from $13.3 million in the
prior year period.

Interest expense for the three
months ended June 30, 2025, was $58.7 million and represented 57.1% of total operating expenses, compared to $46.7 million in the previous
year, when it was 52.4% of total operating expenses. The