$EZPW

EZCORP INC

CIK:0000876523|SEC Filings

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Jun. 30, 2026	Jun. 30, 2025	Jun. 30, 2026	Jun. 30, 2025
Revenues:
Total revenues	$ 418,748	$ 310,981	$ 1,247,648	$ 937,467
Gross profit	246,187	183,639	729,191	547,495
Operating expenses:
Store expenses	147,693	113,382	422,584	335,385
General and administrative	33,999	27,521	95,230	76,805
Depreciation and amortization	9,650	8,003	27,994	24,358
Loss on sale or disposal of assets and other	25	0	112	25
Other operating income	0	(1,262)	0	(1,262)
Total operating expenses	191,367	147,644	545,920	435,311
Operating income	54,820	35,995	183,271	112,184
Interest expense	8,353	8,458	24,873	14,886
Interest income	(2,786)	(5,440)	(10,187)	(9,408)
Equity in net income of unconsolidated affiliates	(1,895)	(1,200)	(4,884)	(4,180)
Other (income) expense	(861)	(536)	(3,197)	377
Income before income taxes	52,009	34,713	176,666	110,509
Income tax expense	13,515	8,210	44,284	27,600
Consolidated net income	38,494	26,503	132,382	82,909
Consolidated net (income) attributable to non-controlling interest	(295)	0	(776)	0
Consolidated net income attributable to EZCORP	$ 38,199	$ 26,503	$ 131,606	$ 82,909
Basic earnings per share attributable to EZCORP (in dollars per share)	$ 0.62	$ 0.45	$ 2.14	$ 1.47
Diluted earnings per share attributable to EZCORP (in dollars per share)	$ 0.48	$ 0.34	$ 1.65	$ 1.08
Weighted-average basic shares outstanding (in shares)	61,535	59,134	61,476	56,308
Weighted-average diluted shares outstanding (in shares)	83,358	82,918	83,371	83,144
Merchandise sales
Revenues:
Total revenues	$ 209,655	$ 168,624	$ 634,267	$ 524,434
Cost of revenues	130,755	108,226	400,299	341,605
Jewelry scrap sales
Revenues:
Total revenues	56,575	26,970	177,724	64,640
Cost of revenues	41,806	19,116	118,158	48,367
Pawn service charges
Revenues:
Total revenues	152,475	115,339	435,520	348,262
Other revenues
Revenues:
Total revenues	$ 43	$ 48	$ 137	$ 131

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	9 Months Ended
	Jun. 30, 2026	Jun. 30, 2025
Operating activities:
Net income	$ 132,382	$ 82,909
Adjustments to reconcile net income to net cash flows from operating activities:
Depreciation and amortization	27,994	24,358
Amortization of deferred financing costs	1,419	1,238
Non-cash lease expense	51,276	43,889
Deferred income taxes	1	(542)
Other adjustments	(873)	(1,877)
Provision for inventory reserve	(680)	39
Stock compensation expense	12,644	9,213
Equity in net income from investment in unconsolidated affiliates	(4,884)	(4,180)
Gain from remeasurement of previously held equity interest	(1,596)	0
Changes in operating assets and liabilities, net of business acquisitions:
Pawn service charges receivable	(2,697)	(364)
Inventory	(15,471)	(9,205)
Prepaid expenses, other current assets and other assets	1,086	(74)
Accounts payable, accrued expenses and other liabilities	(70,766)	(58,023)
Customer layaway deposits	6,282	11,276
Income taxes	(5,729)	(927)
Net cash provided by operating activities	130,388	97,730
Investing activities:
Loans made	(948,262)	(738,670)
Loans repaid	535,597	417,734
Recovery of pawn loan principal through sale of forfeited collateral	358,661	291,903
Capital expenditures	(27,808)	(23,051)
Acquisitions, net of cash acquired	(31,135)	(17,093)
Issuance of notes receivable	(9,000)	0
Proceeds of notes receivable	0	241
Investment in unconsolidated affiliate	(7,448)	(718)
Dividends from unconsolidated affiliates	3,929	3,614
Net cash used in investing activities	(125,466)	(66,040)
Financing activities:
Taxes paid related to net share settlement of equity awards	(6,347)	(3,971)
Proceeds from issuance of debt	0	300,000
Debt issuance cost	0	(7,563)
Payments on debt	(134,151)	(6,410)
Purchase and retirement of treasury stock	(8,038)	(6,000)
Payment of contingent consideration	(550)	0
Acquisition of non-controlling interest	(14,313)	0
Payments of finance leases	(761)	(450)
Net cash (used in) provided by financing activities	(164,160)	275,606
Effect of exchange rate changes on cash and cash equivalents and restricted cash	1,223	(26)
Net (decrease) increase in cash, cash equivalents and restricted cash	(158,015)	307,270
Cash and cash equivalents and restricted cash at beginning of period	484,713	179,807
Cash and cash equivalents and restricted cash at end of period	$ 326,698	$ 487,077

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Jun. 30, 2026	Sep. 30, 2025	Jun. 30, 2025
Current assets:
Cash and cash equivalents	$ 311,026	$ 469,524	$ 472,088
Short-term restricted cash	1,752	525	9,609
Pawn loans	387,195	307,496	291,634
Pawn service charges receivable, net	57,450	48,733	45,410
Inventory, net	316,347	248,457	225,489
Prepaid expenses and other current assets	42,771	51,221	43,417
Total current assets	1,116,541	1,125,956	1,087,647
Investments in unconsolidated affiliates	26,549	18,123	13,753
Other investments	6,883	51,903	51,903
Property and equipment, net	89,007	75,331	67,439
Right-of-use assets	281,159	236,462	236,064
Long-term restricted cash	13,920	14,664	5,380
Goodwill	475,436	324,889	321,907
Intangible assets, net	124,679	58,832	57,960
Deferred tax asset, net	13,752	29,455	25,841
Other assets, net	18,307	15,594	15,174
Total assets	2,166,233	1,951,209	1,883,068
Current liabilities:
Accounts payable, accrued expenses and other current liabilities	119,808	105,443	78,756
Customer layaway deposits	42,534	33,901	33,336
Operating lease liabilities, current	69,755	61,228	60,183
Total current liabilities	232,097	200,572	172,275
Long-term debt, net	519,494	518,076	517,601
Deferred tax liability, net	2,669	2,571	2,017
Operating lease liabilities	221,499	184,736	184,295
Other long-term liabilities	22,769	19,769	16,822
Total liabilities	998,528	925,724	893,010
Commitments and contingencies (Note 10)
Stockholders’ equity:
Additional paid-in capital	453,600	450,892	448,073
Retained earnings	739,396	612,687	586,549
Accumulated other comprehensive loss	(29,029)	(38,703)	(45,174)
Total EZCORP equity	1,164,582	1,025,485	990,058
Non-controlling interest	3,123	0	0
Total equity	1,167,705	1,025,485	990,058
Total liabilities and equity	2,166,233	1,951,209	1,883,068
Common Stock Class A Non-voting
Stockholders’ equity:
Common stock	585	579	580
Common Stock Class B Voting
Stockholders’ equity:
Common stock	$ 30	$ 30	$ 30