Company: IMXI
Filing Date: 2025-08-11
Form Type: 10-Q
Source: 0001683695-25-000100
Chunk: 126

Company: International Money Express, Inc.
Filing Date: 2025-08-11
Form: 10-Q
Item: Item 8
Chunk 126
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0.04, or 7.3%, compared to $0.55 for the three months ended June 30, 2024. The decrease in Adjusted Earnings per Share - Diluted was primarily due to the decrease in Net Income, partially offset by the effect of a lower weighted average common shares total for the period due to stock repurchases as well as the higher net effect of the adjusting items detailed in the table above.

The following table presents the reconciliation of GAAP Earnings per Share, our closest GAAP measure, to Adjusted Earnings per Share:

Three Months Ended June 30,20252024BasicDilutedBasicDilutedGAAP Earnings per Share$0.37 $0.37 $0.43 $0.42 Adjusted for:Share-based compensation0.07 0.07 0.07 0.07 Restructuring costs— — 0.08 0.08 Transaction costs0.07 0.07 NMNMLegal contingency settlement— — (0.02)(0.02)Other charges and expenses0.02 0.02 0.01 0.01 Amortization of intangibles0.05 0.05 0.03 0.03 Income tax benefit related to adjustments(0.07)(0.07)(0.05)(0.05)Adjusted Earnings per Share$0.51 $0.51 $0.55 $0.55 

NM - Per share amounts are not meaningful.

The table above may contain slight summation differences due to rounding.

Adjusted EBITDA

Adjusted EBITDA is defined as net income before depreciation and amortization, interest expense, income taxes, and also adjusted to add back certain charges and expenses, such as non-cash share-based compensation costs and other items set forth in the table below, as these charges and expenses are not considered a part of our core business operations and are not an indicator of ongoing, future company performance.

Adjusted EBITDA for the three months ended June 30, 2025 was $28.8 million, representing a decrease of $2.3 million, or 7.4%, from $31.1 million for the three months ended June 30, 2024. The decrease in Adjusted EBITDA was primarily due to the decrease in Net Income discussed above offset by the higher net effect of the adjusting items