Company: FCFS
Filing Date: 2025-11-03
Form Type: 10-Q
Source: 0000840489-25-000120
Chunk: 177

Company: FirstCash Holdings, Inc.
Filing Date: 2025-11-03
Form: 10-Q
Item: Part I, Item 2
Chunk 177
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 “constant currency” basis, which is considered a non-GAAP financial measure. The Company’s management uses constant currency results to evaluate operating results of business operations in Latin America and the U.K., which are transacted in local currencies in Mexico, Guatemala, Colombia and the U.K. The Company also has operations in El Salvador, where the reporting and functional currency is the U.S. dollar.

The Company believes constant currency results provide valuable supplemental information regarding the underlying performance of its business operations in Latin America and the U.K., consistent with how the Company’s management evaluates such performance and operating results. Constant currency results reported herein are calculated by translating certain balance sheet and income statement items denominated in local currencies using the exchange rate from the prior-year comparable period, as opposed to the current comparable period, in order to exclude the effects of foreign currency rate fluctuations for purposes of evaluating period-over-period comparisons. 

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The following table presents segment information for the Latin America pawn segment for the three and nine month periods ended September 30, 2025 using the exchange rate from the prior-year comparable periods (in thousands):

Three Months Ended September 30, 2025Nine Months Ended September 30, 2025CurrencyConstantCurrencyConstantU.S.ExchangeCurrencyU.S.ExchangeCurrencyDollarRateBasisDollarRateBasis BasisFluctuations(Non-GAAP)BasisFluctuations(Non-GAAP)Revenue:Retail merchandise sales$144,644 $(2,064)$142,580 $401,132 $38,665 $439,797 Pawn loan fees67,199 (957)66,242 180,996 17,489 198,485 Wholesale scrap jewelry sales17,831 — 17,831 37,580 — 37,580 Total revenue229,674 (3,021)226,653 619,708 56,154 675,862 Cost of revenue:   Cost of retail merchandise sold92,931 (1,324)91,607 259,249 24,819 284,068 Cost of wholesale scrap jewelry sold15,000 (213)14,787 31,770 3,127 34,897 Total cost of revenue107,931 (1,537)106,394 291,019 27,946 318,965 Net revenue121,743 (1,484)120,259 328,689