Company: IMXI
Filing Date: 2025-11-10
Form Type: 10-Q
Source: 0001628280-25-051013
Chunk: 27

Company: International Money Express, Inc.
Filing Date: 2025-11-10
Form: 10-Q
Item: Item 1
Chunk 27
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 in the condensed consolidated balance sheets is as follows (in thousands):

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LeasesClassificationSeptember 30, 2025December 31, 2024AssetsRight-of-use assetsOther assets(1)$17,338 $18,511 Total leased assets$17,338 $18,511 LiabilitiesCurrentOperatingAccrued and other liabilities$6,208 $6,468 NoncurrentOperatingLease liabilities16,995 18,582 Total Lease liabilities$23,203 $25,050 (1) Operating right-of-use assets are recorded net of accumulated amortization of $16.3 million and $14.5 million as of September 30, 2025 and December 31, 2024, respectively.Operating lease cost for the three and nine months ended September 30, 2025 and 2024, was as follows (in thousands):Three Months Ended September 30,Nine Months Ended September 30,Lease Cost2025202420252024Operating lease cost (2)$1,728 $1,741 $5,220 $5,265 (2) Operating lease cost is included in other selling, general and administrative expenses in the condensed consolidated statements of income and comprehensive income for the three and nine months ended September 30, 2025 and 2024.As of September 30, 2025 and December 31, 2024, the Company’s weighted-average remaining lease terms on its operating leases is 6.2 and 6.6 years, and the Company’s weighted-average discount rate is 6.44% and 6.31%, respectively, which is the Company’s incremental borrowing rate. The Company used its incremental borrowing rate for all leases, as none of the Company’s lease agreements provide a readily determinable implicit rate. Lease PaymentsFuture minimum lease payments for assets under non-cancelable operating lease agreements with original terms of more than one year are as follows (in thousands):2025$1,770 20265,954 20274,291 20282,934 20292,292 Thereafter9,807 Total lease payments27,048 Less: Imputed interest(3,845)Present value of lease liabilities$23,203 

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NOTE 8 – WIRE TRANSFERS AND MONEY ORDERS PAYABLE, NET

Wire transfers and money orders payable, net consisted of the following (in thousands):September 30,