FirstCash Reports Q2 2025 Revenue of $830.6M, Net Income Up 22% to $59.8M

FirstCash Holdings, Inc. reported its financial results for the second quarter and first half of 2025, revealing a total revenue of $830.6 million for the quarter, slightly down from $831.0 million in the same period last year. For the first half of 2025, revenue totaled $1.67 billion, consistent with the previous year's figure of $1.67 billion. The company achieved a net income of $59.8 million for the quarter, up from $49.1 million in Q2 2024, and $143.4 million for the first half, compared to $110.4 million in the prior year. Earnings per share increased to $1.34 for the quarter and $3.21 for the six months, reflecting a year-over-year growth of 24% and 32%, respectively.

The company experienced notable changes in its operational metrics, particularly in its U.S. pawn segment, where retail merchandise sales rose by 9% to $249.9 million, and pawn loan fees increased by 9% to $130.9 million. The Latin America pawn segment, however, faced challenges due to unfavorable currency fluctuations, resulting in a 1% revenue increase in reported terms, but a 14% increase on a constant currency basis. The retail POS payment solutions segment saw a decline in leased merchandise income, down 28% to $139.8 million, attributed to reduced originations following the bankruptcy of key retail partners.

Strategically, FirstCash is advancing its growth through acquisitions, including the pending acquisition of H&T Group plc, a leading pawn operator in the UK, for approximately $396.3 million. This acquisition is expected to close in the third quarter of 2025, pending regulatory approvals. Additionally, the company acquired four pawn stores in the U.S. for $33 million during the first half of 2025 and opened 21 new stores across its markets, enhancing its geographic footprint.

Operationally, FirstCash's pawn store count reached 3,027 locations as of June 30, 2025, with 1,194 in the U.S. and 1,833 in Latin America. The company reported a 12% increase in pawn loans to $550.7 million, reflecting strong demand for its services. The retail POS payment solutions segment expanded its merchant partner network to approximately 15,300 locations, up from 12,800 a year earlier. The company also noted a significant increase in finance receivables, which rose by 35% to $277.4 million, indicating robust growth in its financing operations.

Looking ahead, FirstCash remains optimistic about its growth trajectory, driven by strategic acquisitions and expansion efforts. The company anticipates continued demand for its pawn and retail finance products, despite potential economic headwinds such as inflation and regulatory changes. The management expressed confidence in its ability to navigate these challenges while maintaining a strong financial position, supported by a cash balance of $101.5 million and significant available credit under its revolving facilities.