Company: FCFS
Filing Date: 2025-07-28
Form Type: 10-Q
Source: 0000840489-25-000098
Chunk: 42

Company: FirstCash Holdings, Inc.
Filing Date: 2025-07-28
Form: 10-Q
Item: Part I, Item 1
Chunk 42
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5 U.S.Latin AmericaTotalTotal locations, beginning of period1,200 1,826 3,026 New locations opened2 19 21 Locations acquired4 — 4 Consolidation of existing pawn locations (1) (12)(12)(24)Total locations, end of period1,194 1,833 3,027 

(1)Store consolidations, which include certain acquired locations that have been combined with overlapping stores, represent closings for which the Company expects to maintain a significant portion of the customer base in the consolidated location.

POS Payment Solutions

As of June 30, 2025, AFF provided LTO and retail POS payment solutions for consumer goods and services through a network of approximately 15,300 active retail merchant partner locations located in all 50 U.S. states, the District of Columbia and Puerto Rico. This compares to the active door count of approximately 12,800 locations at June 30, 2024.

CRITICAL ACCOUNTING ESTIMATES 

The financial statements have been prepared in accordance with GAAP. The significant accounting policies and estimates that the Company believes are the most critical to aid in fully understanding and evaluating its reported financial results have been reported in the Company’s 2024 Annual Report on Form 10-K. There have been no changes to the Company’s significant accounting policies for the six months ended June 30, 2025.

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RESULTS OF OPERATIONS (unaudited)

Operating Results for the Three Months Ended June 30, 2025 Compared to the Three Months Ended June 30, 2024

U.S. Pawn Segment

The following table presents segment pre-tax operating income and other operating metrics of the U.S. pawn segment for the three months ended June 30, 2025 compared to the three months ended June 30, 2024 (dollars in thousands). Operating expenses include salary and benefit expenses of pawn store-level employees, occupancy costs, bank charges, security, insurance, utilities, supplies and other costs incurred by the pawn stores.

Three Months EndedJune 30,20252024IncreaseU.S. Pawn SegmentRevenue:Retail merchandise sales (1)$249,918 $230,093 9 %Pawn loan fees130,948 120,332 9 %Wholesale scrap jewelry sales28,740 26,311 9 %Total revenue409,606 376,736 9 %Cost of revenue:  Cost of retail merchandise