Company: CPSS
Filing Date: 2025-05-12
Form Type: 10-Q
Source: 0001683168-25-003436
Chunk: 0

Company: CONSUMER PORTFOLIO SERVICES, INC.
Filing Date: 2025-05-12
Form: 10-Q
Item: Part I, Item 1
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CONSUMER PORTFOLIO SERVICES, INC. AND SUBSIDIARIES

UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS

(In thousands, except share and per share data)

    March 31,  
    December 31, 

    2025  
    2024 
  
    ASSETS 

    Cash and cash equivalents 
    $29,841  
    $11,713 
  
    Restricted cash and equivalents 
     153,637  
     125,684 
  
    Finance receivables measured at fair value 
     3,449,106  
     3,313,767 

    Finance receivables 
     3,109  
     5,420 
  
    Less: Allowance for finance credit losses 
     (249) 
     (433)
  
    Finance receivables, net 
     2,860  
     4,987 

    Furniture and equipment, net 
     1,165  
     943 
  
    Deferred tax assets, net 
     826  
     1,010 
  
    Other assets 
     36,171  
     35,764 
  
    Total assets 
    $3,673,606  
    $3,493,868 

    LIABILITIES AND SHAREHOLDERS' EQUITY 

    Liabilities 

    Accounts payable and accrued expenses 
    $75,289  
    $70,151 
  
    Warehouse lines of credit 
     365,683  
     410,898 
  
    Residual interest financing 
     163,391  
     99,176 
  
    Securitization trust debt 
     2,743,269  
     2,594,384 
  
    Subordinated renewable notes 
     27,547  
     26,489 
  
    Total liabilities 
     3,375,179  
     3,201,098 
  
    COMMITMENTS AND CONTINGENCIES 
     –  
     – 
  
    Shareholders' Equity 

    Preferred stock, $1 par value; authorized 4,998,130 shares; none issued 
     –  
     – 
  
    Series A preferred stock, $1 par value; authorized 5,000,000 shares; none issued