Consumer Portfolio Services, Inc. (CPS) reported a financial performance marked by a 10.4% increase in revenues for the fiscal year ending December 31, 2025, totaling $434.5 million, compared to $393.5 million in 2024. This growth was primarily driven by a 16.1% rise in interest income, which reached $422.7 million, attributed to a 15.1% increase in the average balance of finance receivables. The company also recorded a positive fair value mark of $6.5 million on its receivables, a significant decrease from the $21 million mark in the previous year. Net income for 2025 was reported at $19.3 million, slightly up from $19.2 million in 2024, resulting in earnings per share of $0.88.
In terms of operational metrics, CPS purchased $1.638 billion in new contracts during 2025, a decrease from $1.682 billion in 2024. The managed portfolio at the end of 2025 stood at $3.898 billion, up from $3.666 billion in the prior year. The company serviced a total of 212,718 contracts, reflecting a slight increase in customer engagement. As of December 31, 2025, CPS employed 928 individuals, with a diverse workforce comprising 66% female and 71% self-identified as ethnically diverse.
Strategically, CPS has continued to focus on its core business of purchasing and servicing retail automobile contracts, particularly for sub-prime customers. The company has maintained its competitive edge through a series of securitizations, completing four transactions in 2025 that generated $1.665 billion in notes sold. As of December 31, 2025, CPS had a total debt of approximately $3.483 billion, primarily consisting of securitization trust debt. The company has also established three warehouse credit facilities with a total borrowing capacity of $702.5 million, which are crucial for financing its operations.
Looking ahead, CPS anticipates continued profitability in 2026, although it acknowledges the inherent risks associated with the sub-prime auto finance market, including economic fluctuations and regulatory changes. The company is committed to managing its liquidity and capital resources effectively, with plans to align its automobile contract purchases with available capital. CPS's management remains optimistic about its ability to navigate market challenges and sustain growth in its operations.
About CONSUMER PORTFOLIO SERVICES, INC.
Consumer Portfolio Services, Inc. is a specialty finance company that purchases and services retail automobile contracts, primarily from franchised and independent dealers in the U.S. It focuses on sub-prime customers, providing indirect auto financing through long-term securitizations and warehouse facilities. The company offers diverse credit programs, manages delinquency and repossession processes, and operates in a highly competitive, regulated industry.
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