Company: IMXI
Filing Date: 2025-08-11
Form Type: 10-Q
Source: 0001683695-25-000100
Chunk: 45

Company: International Money Express, Inc.
Filing Date: 2025-08-11
Form: 10-Q
Item: Item 1
Chunk 45
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’s chief operating decision maker (the “CODM”) to analyze financial performance, make decisions, and allocate resources. The Company’s CODM is Robert Lisy, Chairman, Chief Executive Officer and President. The CODM uses the Company’s consolidated financial results as a basis for making key operating decisions. Examples of key operating decisions include entering new markets, stock repurchases, and managing liquidity.  The CODM considers Net Income as one of the relevant metrics in his decision making process. The table below provides information about the Company's measure of segment performance and significant expense categories:

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Three Months EndedJune 30,Six Months EndedJune 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 Less:Agent commissions67,385 74,187 128,548 138,324 Payer commissions25,244 28,727 49,055 53,843 Bank charges and fees6,884 6,941 13,478 12,955 Salaries and benefits18,525 16,893 36,813 34,999 Other segment items (1)15,098 13,995 28,307 26,615 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 income$11,007 $14,033 $18,776 $26