Consumer Portfolio Services Reports Revenue and Net Income Growth in Q2 and First Half of 2026

Consumer Portfolio Services, Inc. (CPS) reported its financial results for the second quarter and first half of 2026, showing a notable increase in revenues and net income compared to the same periods in 2025. For the three months ended June 30, 2026, CPS generated total revenues of $121.4 million, a 10.6% increase from $109.8 million in the prior year. The rise in revenue was primarily driven by a 12.1% increase in interest income, which reached $118.1 million, attributed to a higher average balance of finance receivables. Net income for the quarter was $6.2 million, up from $4.8 million in the same quarter last year, resulting in earnings per share of $0.29 compared to $0.22.

For the six-month period ending June 30, 2026, CPS reported total revenues of $233.7 million, reflecting a 7.9% increase from $216.6 million in the prior year. Interest income for this period also increased by 9.4% to $226.8 million, driven by a 10.8% rise in the average balance of the loan portfolio. Net income for the first half of 2026 was $11.8 million, compared to $9.5 million in the same period of 2025, with earnings per share rising to $0.54 from $0.44.

CPS's total assets increased to $4.42 billion as of June 30, 2026, up from $3.86 billion at the end of 2025. The growth in assets was primarily due to an increase in finance receivables, which rose to $4.21 billion from $3.66 billion. The company's liabilities also increased, totaling $4.10 billion, driven by higher securitization trust debt and warehouse lines of credit. The company reported a total of 21,554,714 common shares outstanding as of July 24, 2026.

Operationally, CPS has seen an increase in its managed portfolio, which reached $4.43 billion, up from $3.90 billion at the end of 2025. The company purchased $1.29 billion in new contracts during the first half of 2026, compared to $884.2 million in the same period of 2025. The number of employees increased to 994, reflecting the company's growth and operational needs. CPS continues to focus on providing financing solutions to sub-prime customers, which has been a key driver of its business model.

Looking ahead, CPS remains optimistic about its growth trajectory, supported by its recent securitization activities and the expansion of its finance receivables portfolio. The company has successfully completed two securitizations in 2026, totaling $859.7 million, and continues to explore opportunities for further growth in the sub-prime automobile financing market. CPS is committed to maintaining compliance with its financial covenants and managing its liquidity effectively to support its ongoing operations and strategic initiatives.