EZCORP Reports 34.6% Revenue Growth to $418.7 Million in Latest Quarter

EZCORP, Inc. reported significant financial growth in its latest quarterly results, with total revenues reaching $418.7 million for the three months ended June 30, 2026, a 34.6% increase from $311.0 million in the same period last year. The company’s consolidated net income also rose to $38.5 million, up 45.2% from $26.5 million in the prior year. This growth was driven by increased merchandise sales, jewelry scrap sales, and pawn service charges, which collectively contributed to a gross profit of $246.2 million, compared to $183.6 million a year earlier.

The company experienced notable changes in its operational metrics, particularly in its pawn service charges, which increased by 32.2% to $152.5 million, reflecting a higher average pawn loan balance. Merchandise sales also saw a 24.4% increase to $209.7 million, while jewelry scrap sales surged by 109.8% to $56.6 million, largely due to rising gold prices. The gross margin on merchandise sales improved to 40% from 38.5% in the previous year, indicating enhanced profitability in its retail operations.

Strategically, EZCORP expanded its footprint through the acquisition of Founders One, LLC and its subsidiary Simple Management Group, Inc. on January 2, 2026. This acquisition added 105 pawn stores across the U.S. and 11 other countries to its portfolio, significantly enhancing its operational capacity and market presence. Following this acquisition, EZCORP also acquired the remaining non-controlling interests in Founders, consolidating its ownership and operational control. The company reported that the SMG segment contributed $43.1 million in revenues and $5.9 million in income before tax for the three months ended June 30, 2026.

Operationally, EZCORP's total pawn loans outstanding increased by 15% to $387.2 million, reflecting strong demand for its services. The company also reported a 28% increase in net inventory, which stood at $316.3 million, driven by higher pawn loan activity and merchandise purchases. The total number of stores increased to 560, bolstered by acquisitions and new openings, which positions the company for continued growth in both the U.S. and Latin American markets.

Looking ahead, EZCORP anticipates that its cash flows from operations will be sufficient to support ongoing operations, debt service, and strategic investments. The company remains focused on expanding its store network and exploring further acquisition opportunities, while also managing its capital structure to ensure financial flexibility. The outlook for the upcoming quarters suggests continued growth, driven by strong operational performance and strategic initiatives.