EZCORP Reports 19.3% Revenue Growth to $382M, Announces Strategic Acquisitions

EZCORP, Inc. reported significant financial growth in its latest quarterly results, with total revenues reaching $382.0 million for the three months ended December 31, 2025, a 19.3% increase from $320.2 million in the same period last year. The company's net income also rose to $44.3 million, up 43% from $31.0 million in the prior year, resulting in basic earnings per share of $0.72, compared to $0.57 a year earlier. This performance was driven by increased merchandise sales, pawn service charges, and jewelry scrap sales, which collectively contributed to a gross profit of $223.0 million, up from $185.4 million.

The financial results reflect a notable increase in pawn service charges, which rose by 12.7% to $131.9 million, and merchandise sales, which increased by 12.8% to $210.1 million. Jewelry scrap sales saw a substantial increase of 138% to $39.9 million, attributed to higher gold prices and increased purchases. Operating expenses also increased, totaling $162.4 million, primarily due to higher store expenses and general administrative costs, which rose in line with the company's growth initiatives.

In terms of strategic developments, EZCORP announced the acquisition of Founders One, LLC, which operates 105 pawn stores across the U.S. and 11 other countries. This acquisition, finalized on January 2, 2026, is expected to enhance the company's geographic footprint and operational capabilities. Additionally, the company acquired 12 pawn stores in Texas under the name "El Bufalo Pawn" for approximately $27.5 million, further expanding its market presence. The total consideration for the Founders acquisition is estimated at $64.4 million, funded through a combination of cash and existing investments.

Operationally, EZCORP's store count increased to 547 in the U.S. and 1,383 in Latin America, reflecting a net addition of 21 stores during the quarter. The company reported a 51% increase in net cash provided by operating activities, totaling $39.1 million, driven by improved net income and favorable changes in working capital. As of December 31, 2025, the company held $465.9 million in cash and cash equivalents, slightly down from $469.5 million at the end of the previous fiscal year.

Looking ahead, EZCORP remains optimistic about its growth trajectory, focusing on expanding its store network and enhancing customer engagement. The company anticipates that cash flows from operations will be sufficient to support ongoing operations, debt service requirements, and future growth initiatives. The strategic acquisitions and operational improvements are expected to contribute positively to the company's financial performance in the upcoming quarters.