Company: FCFS
Filing Date: 2025-04-28
Form Type: 10-Q
Source: 0000840489-25-000061
Chunk: 35

Company: FirstCash Holdings, Inc.
Filing Date: 2025-04-28
Form: 10-Q
Item: Part I, Item 1
Chunk 35
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 Mexico, 72 stores in Guatemala, 18 stores in El Salvador and 12 stores in Colombia. 

The following table details pawn store count activity for the three months ended March 31, 2025:

Three Months Ended March 31, 2025 U.S.Latin AmericaTotalTotal locations, beginning of period1,200 1,826 3,026 New locations opened 1 10 11 Locations acquired1 — 1 Consolidation of existing pawn locations (1) (5)(10)(15)Total locations, end of period1,197 1,826 3,023 

(1)Store consolidations were primarily acquired locations which have been combined with overlapping stores and for which the Company expects to maintain a significant portion of the acquired customer base in the consolidated location.

POS Payment Solutions

As of March 31, 2025, AFF provided LTO and retail POS payment solutions for consumer goods and services through a network of approximately 14,500 active retail merchant partner locations located in all 50 U.S. states, the District of Columbia and Puerto Rico. This compares to the active door count of approximately 12,200 locations at March 31, 2024.

21

CRITICAL ACCOUNTING ESTIMATES 

The financial statements have been prepared in accordance with GAAP. The significant accounting policies and estimates that the Company believes are the most critical to aid in fully understanding and evaluating its reported financial results have been reported in the Company’s 2024 Annual Report on Form 10-K. There have been no changes to the Company’s significant accounting policies for the three months ended March 31, 2025.

22

RESULTS OF OPERATIONS (unaudited)

Operating Results for the Three Months Ended March 31, 2025 Compared to the Three Months Ended March 31, 2024

U.S. Pawn Segment

The following table presents segment pre-tax operating income and other operating metrics of the U.S. pawn segment for the three months ended March 31, 2025 compared to the three months ended March 31, 2024 (dollars in thousands). Operating expenses include salary and benefit expenses of pawn store-level employees, occupancy costs, bank charges, security, insurance, utilities, supplies and other costs incurred by the pawn stores.

Three Months EndedMarch 31,20252024IncreaseU.S. Pawn SegmentRevenue:Retail merchandise sales (1)$251,225 $236,990 6 %Pawn loan