CoreCard Corp. Acquires Euronet Worldwide Inc. Member

TL;DR

CoreCard just bought Euronet Worldwide Inc. Member on July 30th. Big move!

AI Summary

CoreCard Corp. filed its 10-Q for the period ending June 30, 2025. A significant subsequent event noted is the acquisition of Euronet Worldwide Inc. Member, with a transaction date of July 30, 2025. The filing details stock price information related to this acquisition, including maximum and minimum parent stock prices.

Why It Matters

This acquisition by CoreCard Corp. could significantly alter its market position and operational scope within the financial technology sector.

Risk Assessment

Risk Level: medium — The acquisition of a significant entity like Euronet Worldwide Inc. Member introduces integration risks and potential financial complexities.

Key Numbers

• 20250630 — Reporting Period End Date (Indicates the financial data covers the second quarter of 2025.)
• 20250730 — Acquisition Transaction Date (Marks the completion of the Euronet Worldwide Inc. Member acquisition.)

Key Players & Entities

• CoreCard Corp. (company) — Filer of the 10-Q
• Euronet Worldwide Inc. Member (company) — Acquired entity in a subsequent event
• 20250630 (date) — End of the reporting period
• 20250730 (date) — Date of the acquisition transaction

FAQ

Key Financial Figures

• $0.01 — ange on which registered Common Stock, $0.01 par value per share CCRD NYSE Ind
• $7.1 million — 316 * At June 30, 2025, approximately $7.1 million was authorized for future repurchases o

Filing Documents

• ins20250630_10q.htm (10-Q) — 912KB
• ex_849158.htm (EX-31.1) — 17KB
• ex_849159.htm (EX-31.2) — 17KB
• ex_849160.htm (EX-32.1) — 8KB
• 0001437749-25-026657.txt ( ) — 5066KB
• ccrd-20250630.xsd (EX-101.SCH) — 44KB
• ccrd-20250630_def.xml (EX-101.DEF) — 321KB
• ccrd-20250630_lab.xml (EX-101.LAB) — 283KB
• ccrd-20250630_pre.xml (EX-101.PRE) — 344KB
• ccrd-20250630_cal.xml (EX-101.CAL) — 36KB
• ins20250630_10q_htm.xml (XML) — 759KB

Financial Statements

Financial Statements Consolidated Balance Sheets at June 30, 2025 and December 31, 2024 3 Consolidated Statements of Operations for the three and six months ended June 30, 2025 and 2024 4 Consolidated Statements of Comprehensive Income (Loss) for the three and six months ended June 30, 2025 and 2024 4 Consolidated Statements of Stockholders' Equity for the three and six months ended June 30, 2025 and 2024 5 Consolidated Statements of Cash Flows for the six months ended June 30, 2025 and 2024 6

Notes to Consolidated Financial Statements

Notes to Consolidated Financial Statements 7 Item 2

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

Management's Discussion and Analysis of Financial Condition and Results of Operations 15 Item 3

Quantitative and Qualitative Disclosures About Market Risk

Quantitative and Qualitative Disclosures About Market Risk 20 Item 4

Controls and Procedures

Controls and Procedures 20 Part II Other Information Item 1

Legal Proceedings

Legal Proceedings 20 Item 1A.

Risk Factors

Risk Factors 20 Item 2 Unregistered Sales of Equity Securities and Use of Proceeds 20 Item 3 Defaults Upon Senior Securities 20 Item 4 Mine Safety Disclosures 20 Item 5 Other Information 21 Item 6 Exhibits 21

FINANCIAL INFORMATION

Part I FINANCIAL INFORMATION

Financial Statements

Item 1. Financial Statements CoreCard Corporation CONSOLIDATED BALANCE SHEETS (in thousands, except share and per share amounts) As of June 30, 2025 December 31, 2024 (unaudited) (audited) ASSETS Current assets: Cash and cash equivalents $ 26,621 $ 19,481 Marketable securities 5,642 5,410 Accounts receivable, net 6,767 10,235 Other current assets 6,807 5,048 Total current assets 45,837 40,174 Investments 3,179 3,776 Property and equipment, at cost less accumulated depreciation 13,833 12,282 Other long-term assets 8,079 6,106 Total assets $ 70,928 $ 62,338 LIABILITIES AND STOCKHOLDERS ' EQUITY Current liabilities: Accounts payable $ 1,710 $ 823 Deferred revenue, current portion 2,084 2,033 Accrued payroll 4,192 2,856 Accrued expenses 462 723 Other current liabilities 2,227 2,017 Total current liabilities 10,675 8,452 Noncurrent liabilities: Deferred revenue, net of current portion 109 118 Long-term lease obligation 3,407 1,816 Other long-term liabilities 421 255 Total noncurrent liabilities 3,937 2,189 Total Liabilities 14,612 10,641 Commitments and Contingencies (See Note 9) Stockholders' equity: Common stock, $ 0.01 par value: Authorized shares - 20,000,000 ; Issued shares – 9,032,643 and 9,026,940 at June 30, 2025 and December 31, 2024, respectively; Outstanding shares – 7,792,382 and 7,786,679 at June 30, 2025 and December 31, 2024, respectively 92 91 Additional paid-in capital 19,022 17,928 Treasury stock, 1,240,261 shares at June 30, 2025 and December 31, 2024, at cost ( 27,997 ) ( 27,997 ) Accumulated other comprehensive loss ( 459 ) ( 93 ) Accumulated earnings 65,658 61,768 Total stockholders' equity 56,316 51,697 Total liabilities and stockholders' equity $ 70,928 $ 62,338 The accompanying notes are an integral part of these consolidated financial statements . 3 CoreCard Corporation

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (unaudited) 1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Basis of Presentation Throughout this report, the terms "we", "us", "ours", "CoreCard" and "Company" refer to CoreCard Corporation, including its wholly-owned and majority-owned subsidiaries. The unaudited Consolidated Financial Statements presented in this Form 10-Q have been prepared in accordance with accounting principles generally accepted in the United States ("GAAP") applicable to interim financial statements. Accordingly, they do not include all of the information and notes required for complete financial statements. In the opinion of CoreCard management, these Consolidated Financial Statements contain all adjustments (which comprise only normal and recurring accruals) necessary to present fairly the financial position and results of operations as of and for the three and six month periods ended June 30, 2025 and 2024. The interim results for the three and six months ended June 30, 2025 are not necessarily indicative of the results to be expected for the full year. These statements should be read in conjunction with our Consolidated Financial Statements and notes thereto for the fiscal year ended December 31, 2024, as filed in our Annual Report on Form 10-K. There have been no material changes in the Company's significant accounting policies during the first half of 2025 as compared to the significant accounting policies described in the Company's Annual Report on Form 10-K for the year ended December 31, 2024 (the "2024 Form 10-K"). Recent Accounting Pronouncements Not Yet Adopted In December 2023, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("ASU") 2023-09, Income Taxes (Topic 740): Improvements to Income Tax Disclosures. This standard was issued to enhance the transparency and decision usefulness of income tax disclosures to provide information to better assess how an entity's operations and related ta

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View this 10-Q filing on SEC EDGAR