EZCORP Inc. Files Q1 2025 10-Q Report

TL;DR

EZCORP's Q1 2025 10-Q is in. Check financials.

AI Summary

EZCORP Inc. filed its 10-Q for the period ending December 31, 2024. The filing details financial performance and operational updates for the company. Key financial data and business segments are presented, reflecting the company's activities during the quarter.

Why It Matters

This filing provides investors with a quarterly update on EZCORP's financial health and operational performance, crucial for investment decisions.

Risk Assessment

Risk Level: low — This is a routine quarterly filing providing standard financial information.

Key Players & Entities

• EZCORP INC (company) — Filer of the 10-Q report
• 2024-12-31 (date) — End of the reporting period
• 2025-02-05 (date) — Filing date

FAQ

Filing Documents

• ezpw-20241231.htm (10-Q) — 1470KB
• a2025-q110xqex311.htm (EX-31.1) — 11KB
• a2025-q110xqex312.htm (EX-31.2) — 11KB
• a2025-q110xqex321.htm (EX-32.1) — 6KB
• ezpw-20241231_g1.jpg (GRAPHIC) — 21KB
• ezpw-20241231_g2.jpg (GRAPHIC) — 69KB
• ezpw-20241231_g3.jpg (GRAPHIC) — 57KB
• 0000876523-25-000018.txt ( ) — 8933KB
• ezpw-20241231.xsd (EX-101.SCH) — 43KB
• ezpw-20241231_cal.xml (EX-101.CAL) — 110KB
• ezpw-20241231_def.xml (EX-101.DEF) — 278KB
• ezpw-20241231_lab.xml (EX-101.LAB) — 604KB
• ezpw-20241231_pre.xml (EX-101.PRE) — 453KB
• ezpw-20241231_htm.xml (XML) — 1613KB

— FINANCIAL INFORMATION

PART I — FINANCIAL INFORMATION

Financial Statements (unaudited)

Item 1. Financial Statements (unaudited) Condensed Consolidated Balance Sheets as of December 3 1 , 2024 and 2023 and September 30, 20 24 1 Condensed Consolidated Statements of Operations for the Three Months Ended Dec ember 3 1 , 2024 and 2023 2 Condensed Consolidated Statements of Comprehensive Income for the Three Months Ended D ecember 31 , 2024 and 2023 3 Condensed Consolidated Statements of Stockholders' Equity for the Periods Ended December 31 , 2024 and 2023 4 Condensed Consolidated Statements of Cash Flows for the Three Months Ended December 31, 2024 and 2023 5 Notes to Condensed Consolidated Financial Statements 6 Note 1: Organization and Summary of Significant Accounting Policies 6 Note 2: Goodwill 8 Note 3: Earnings Per Share 8 Note 4: Leases 9 Note 5: Strategic Investments 10 Note 6: Fair Value Measurements 11 Note 7: Debt 13 Note 8: Common Stock and Stock Compensation 16 Note 9: Commitments and Contingencies 16 Note 10: Segment Information 17 Note 11: Supplemental Consolidated Financial Information 19

Management's Discussion and Analysis of Financial Condition and Results of Operations

Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations 20

Quantitative and Qualitative Disclosures about Market Risk

Item 3. Quantitative and Qualitative Disclosures about Market Risk 29

Controls and Procedures

Item 4. Controls and Procedures 29

— OTHER INFORMATION

PART II — OTHER INFORMATION

Legal Proceedings

Item 1. Legal Proceedings 30

Risk Factors

Item 1A. Risk Factors 30

Unregistered Sale of Equity Security and Use of Proceeds

Item 2. Unregistered Sale of Equity Security and Use of Proceeds 30

Other Information

Item 5. Other Information 30

Exhibits

Item 6. Exhibits 31

SIGNATURES

SIGNATURES 32 Table of Contents

— FINANCIAL INFORMATION

PART I — FINANCIAL INFORMATION

FINANCIAL STATEMENTS

ITEM 1. FINANCIAL STATEMENTS EZCORP, Inc. CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) (in thousands, except share and per share amounts) December 31, 2024 December 31, 2023 September 30, 2024 Assets: Current assets: Cash and cash equivalents $ 174,506 $ 218,516 $ 170,513 Restricted cash 9,386 8,470 9,294 Pawn loans 274,824 243,252 274,084 Pawn service charges receivable, net 45,198 40,002 44,013 Inventory, net 199,481 164,927 191,923 Prepaid expenses and other current assets 36,562 44,001 39,171 Total current assets 739,957 719,168 728,998 Investments in unconsolidated affiliates 13,555 10,125 13,329 Other investments 51,903 51,220 51,900 Property and equipment, net 63,231 68,998 65,973 Right-of-use assets, net 227,810 231,103 226,602 Goodwill 304,722 303,799 306,478 Intangible assets, net 57,093 56,977 58,451 Deferred tax asset, net 24,990 25,984 25,362 Other assets, net 15,872 13,819 16,144 Total assets $ 1,499,133 $ 1,481,193 $ 1,493,237 Liabilities and equity: Current liabilities: Current maturities of long-term debt, net $ 103,205 $ 34,307 $ 103,072 Accounts payable, accrued expenses and other current liabilities 68,682 69,386 85,737 Customer layaway deposits 24,216 18,324 21,570 Operating lease liabilities, current 57,900 57,980 58,998 Total current liabilities 254,003 179,997 269,377 Long-term debt, net 224,505 326,223 224,256 Deferred tax liability, net 2,186 372 2,080 Operating lease liabilities 182,228 188,475 180,616 Other long-term liabilities 12,317 11,243 12,337 Total liabilities 675,239 706,310 688,666 Commitments and contingencies (Note 9) Stockholders' equity: Class A Non-voting Common Stock, par value $ 0.01 per share; shares authorized: 100 million; issued and outstanding: 52,050,550 as of December 31, 2024; 52,272,594 as of December 31, 2023; and 51,582,698 as of September 30, 2024 520 523 516 Class B Voting Common Stock, convertible, par value $ 0.01 per share; shares authorized: 3 million

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View this 10-Q filing on SEC EDGAR