Company: FCFS
Filing Date: 2025-07-28
Form Type: 10-Q
Source: 0000840489-25-000098
Chunk: 49

Company: FirstCash Holdings, Inc.
Filing Date: 2025-07-28
Form: 10-Q
Item: Part I, Item 1
Chunk 49
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 are not included in the segment pre-tax operating income.

Three Months EndedJune 30,Increase / 20252024(Decrease)Retail POS Payment Solutions SegmentRevenue:Leased merchandise income$139,784 $194,570 (28)%Interest and fees on finance receivables76,075 56,799 34 %Total revenue215,859 251,369 (14)%Cost of revenue:  Depreciation of leased merchandise (1)78,529 110,567 (29)%Provision for lease losses (2)32,667 47,824 (32)%Provision for loan losses41,761 31,116 34 %Total cost of revenue152,957 189,507 (19)%Net revenue62,902 61,862 2 %Segment expenses:  Operating expenses24,264 35,275 (31)%Depreciation and amortization699 678 3 %Total segment expenses24,963 35,953 (31)%Segment pre-tax operating income$37,939 $25,909 46 %

(1)Includes $0.3 million and $0.4 million of depreciation of leased merchandise from intersegment transactions for the three months ended June 30, 2025 and 2024, respectively, related to the Company offering AFF’s LTO payment solution in its U.S. pawn stores that are eliminated upon consolidation. Excluding these intersegment transactions, consolidated depreciation of leased merchandise for the three months ended June 30, 2025 and 2024 totaled $78.3 million and $110.2 million, respectively.

(2)Includes $0.1 million and $0.2 million of provision for lease losses from intersegment transactions for the three months ended June 30, 2025 and 2024, respectively, related to the Company offering AFF’s LTO payment solution in its U.S. pawn stores that are eliminated upon consolidation. Excluding these intersegment transactions, consolidated provision for lease losses for the three months ended June 30, 2025 and 2024 totaled $32.5 million and $47.7 million, respectively.

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The following table provides a detail of gross transaction volumes originated during the three months ended June 30, 2025 as compared to the three months ended June 30, 2024 (dollars in thousands):

Three Months EndedJune 30,Increase /202520