Company: IMXI
Filing Date: 2025-11-10
Form Type: 10-Q
Source: 0001628280-25-051013
Chunk: 105

Company: International Money Express, Inc.
Filing Date: 2025-11-10
Form: 10-Q
Item: Item 8
Chunk 105
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 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:

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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 14,051 45,425 40,666 Provision for credit losses2,154 1,665 6,078 5,036 Restructuring costs— 27 306 2,738 Transaction costs5,353 50 8,746 86 Depreciation and amortization4,410 3,382 12,493 9,981 Total operating expenses144,386 144,122 416,293 423,575 Operating income10