Company: IMXI
Filing Date: 2025-08-11
Form Type: 10-Q
Source: 0001683695-25-000100
Chunk: 15

Company: International Money Express, Inc.
Filing Date: 2025-08-11
Form: 10-Q
Item: Item 1
Chunk 15
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ITEM 1.    FINANCIAL STATEMENTS

INTERNATIONAL MONEY EXPRESS, INC.

CONDENSED CONSOLIDATED BALANCE SHEETS

(in thousands, except for share data)

June 30, 2025December 31, 2024ASSETS(unaudited)Current assets:Cash and cash equivalents$174,723 $130,503 Accounts receivable, net of allowance of $5,146 and $3,546, respectively141,651 107,077 Prepaid wires, net23,713 49,205 Prepaid expenses and other current assets11,098 10,998 Total current assets351,185 297,783 Property and equipment, net53,975 50,354 Goodwill55,195 55,195 Intangible assets, net26,905 26,847 Deferred tax asset, net1,127 — Other assets29,628 32,198 Total assets$518,015 $462,377 LIABILITIES AND STOCKHOLDERS’ EQUITYCurrent liabilities:Accounts payable$26,267 $19,520 Wire transfers and money orders payable, net144,196 85,044 Accrued and other liabilities45,023 47,434 Total current liabilities215,486 151,998 Long-term liabilities:Debt, net144,132 156,623 Lease liabilities, net16,144 18,582 Deferred tax liability, net— 250 Total long-term liabilities160,276 175,455 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, 40,387,993 and 40,164,056 shares issued and 29,424,425 and 30,548,702 shares outstanding as of June 30, 2025 and December 31, 2024, respectively4 4 Additional paid-in capital82,895 79,592 Retained earnings276,246 257,470 Accumulated other comprehensive income (loss)138 (1,446)Treasury stock, at cost; 10,963,568 and 9,615,354 shares as of June 30, 2025