FirstCash Holdings, Inc. reported a significant increase in its financial performance for the fiscal year ending December 31, 2025, with total revenue reaching $3.66 billion, an 8% increase from $3.39 billion in 2024. The company's net income also rose by 28% to $330.4 million, compared to $258.8 million in the previous year. Diluted earnings per share increased by 29% to $7.42, reflecting the company's strong operational performance across its segments. The growth was driven by higher retail merchandise sales, pawn loan fees, and income from leased merchandise, despite a decrease in income from finance receivables.
The company experienced notable changes in its operational structure, particularly with the acquisition of H&T, a leading pawn operator in the United Kingdom, on August 14, 2025. This acquisition added 286 store locations to FirstCash's portfolio, contributing to the overall revenue growth. Additionally, FirstCash opened 35 new pawn stores across its various segments, including 32 in Latin America and 2 in the U.S., while acquiring 23 pawn stores in the U.S. The total number of pawn stores operated by FirstCash now stands at 3,330, with a significant presence in the U.S., Latin America, and the U.K.
Operationally, FirstCash reported a 14% increase in pawn loan receivables, totaling $831.5 million as of December 31, 2025. The average outstanding pawn loan amount was $312 in the U.S., $112 in Latin America, and $825 in the U.K. The company also noted a 10% increase in pawn loan fees, which amounted to $555 million in the U.S. segment alone. The retail POS payment solutions segment, operated through American First Finance (AFF), generated $870.2 million in revenue, although it faced challenges with a decrease in gross transaction volumes compared to the previous year.
The filing also highlighted the company's strategic focus on expanding its market presence and enhancing its product offerings. FirstCash aims to continue its growth trajectory by leveraging its existing store network and pursuing additional acquisitions. The company has expressed confidence in its ability to navigate potential economic challenges, including inflation and changing consumer behaviors, while maintaining a strong liquidity position with $125.2 million in cash and cash equivalents and $171.9 million available under its credit facilities as of year-end 2025.
Looking ahead, FirstCash anticipates continued growth in both its pawn and retail POS payment solutions segments, supported by its recent acquisitions and ongoing expansion efforts. The company plans to invest in technology and customer service enhancements to improve operational efficiency and customer engagement. However, it remains vigilant regarding potential regulatory changes and economic fluctuations that could impact its business operations.
About FirstCash Holdings, Inc.
FirstCash Holdings, Inc. operates pawn stores in the U.S. and Latin America, providing short-term, non-recourse pawn loans secured by personal property. It also offers retail merchandise sales and technology-driven retail POS payment solutions for credit-constrained consumers. The company focuses on neighborhood-based stores, serving unbanked and under-banked customers, and emphasizes responsible lending, community engagement, and environmental sustainability through recycling pre-owned goods and metals.
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