Company: IMXI
Filing Date: 2025-02-27
Form Type: 10-K
Source: 0001683695-25-000030
Chunk: 103

Company: International Money Express, Inc.
Filing Date: 2025-02-27
Form: 10-K
Item: Item 8
Chunk 103
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 value; 5,000,000 shares authorized, none issued or outstanding— — Common stock $0.0001 par value; 200,000,000 shares authorized, 40,164,056 and 39,673,271 shares issued and 30,548,702 and 33,823,237 shares outstanding as of December 31, 2024 and 2023, respectively4 4 Additional paid-in capital79,592 75,686 Retained earnings257,470 198,649 Accumulated other comprehensive (loss) income(1,446)262 Treasury stock, at cost; 9,615,354 and 5,850,034 shares as of December 31, 2024 and 2023, respectively(200,696)(125,564)Total stockholders’ equity134,924 149,037 Total liabilities and stockholders’ equity$462,377 $576,812 

The accompanying notes are an integral part of these consolidated financial statements.F-3

IndexINTERNATIONAL MONEY EXPRESS, INC.CONSOLIDATED STATEMENTS OF INCOME ANDCOMPREHENSIVE INCOME(in thousands, except for share data)

Year Ended December 31, 202420232022Revenues:Wire transfer and money order fees, net$554,801 $561,540 $469,162 Foreign exchange gain, net88,944 87,908 72,920 Other income14,904 9,287 4,723 Total revenues658,649 658,735 546,805 Operating expenses:Service charges from agents and banks428,968 430,865 364,804 Salaries and benefits68,247 70,203 52,224 Other selling, general and administrative expenses47,894 47,652 34,394 Restructuring costs3,060 1,214 — Transaction costs1,819 445 3,005 Depreciation and amortization13,645 12,866 9,470 Total operating expenses563,633 563,245 463,897 Operating income95,016 95,490 82,908 Interest expense11,745 10,426 5,629 Income before income taxes83,271 85,064 77,279 Income tax provision24,450 25,549 19,948 Net income58,821