Company: IMXI
Filing Date: 2025-11-10
Form Type: 10-Q
Source: 0001628280-25-051013
Chunk: 42

Company: International Money Express, Inc.
Filing Date: 2025-11-10
Form: 10-Q
Item: Item 1
Chunk 42
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 they will have a material impact on its effective tax rate.  However, the Company expects that certain provisions of the OBBBA, primarily those allowing for accelerated income tax deductions for research costs and other capital expenditures, will result in lower cash income tax payments required in the fourth quarter of 2025. 

NOTE 16 – SEGMENT REPORTING

The Company is a leading global omnichannel money remittance services company focused primarily on the U.S. to LAC corridor, which includes Mexico, Central and South America and the Caribbean. We also provide our remittances services to Africa and Asia from the United States and offer sending services from Canada to Latin America and Africa, as well as remittance services from Spain, Italy, the United Kingdom and Germany to Africa, Asia, Europe and Latin America. The Company has identified one operating and reportable segment. The Company defines its segment on the basis of the way in which internally reported financial information is regularly reviewed by the Company’s chief operating decision maker (the “CODM”) to analyze financial performance, make decisions, and allocate resources. The Company’s CODM is Robert Lisy, Chairman, Chief Executive Officer and President. The CODM uses the Company’s consolidated financial results as a basis for making key operating decisions. Examples of key operating decisions include entering new markets, stock repurchases, and managing liquidity.  The CODM considers Net income as one of the relevant metrics in his decision making process. The table below provides information about the Company's measure of segment performance and significant expense categories:

25

Three Months EndedSeptember 30,Nine Months EndedSeptember 30,2025202420252024Revenues: Wire transfer and money order fees, net$127,795 $144,600 $380,932 $417,358 Foreign exchange gain, net22,278 23,954 66,140 67,100 Other income4,848 3,393 13,292 9,432 Total revenues154,921 171,947 460,364 493,890 Less:Agent commissions64,912 72,797 193,460 211,121 Payer commissions24,206 28,024 73,261 81,867 Bank charges and fees6,532 6,888 20,010 19,843 Salaries and benefits19,701 17,238 56,514 52,237 Other segment items (1)17,118 14