CPS(US:CPSS)2025-11-10 22:19Financial Performance - Net income for Q3 2025 was $4.9 million, or $0.20 per diluted share, compared to $4.8 million, or $0.20 per diluted share, in Q3 2024[1] - Revenues for Q3 2025 increased to $108.4 million, up $7.8 million, or 7.8%, from $100.6 million in Q3 2024[2] - Total operating expenses for Q3 2025 were $101.4 million, compared to $93.7 million in Q3 2024[2] - For the nine months ended September 30, 2025, total revenues were $325.1 million, an increase of approximately $36.9 million, or 12.8%, from $288.2 million in the same period of 2024[3] - The company reported pretax income of $7.0 million for Q3 2025, compared to $6.9 million in Q3 2024[2] Contract and Receivables - New contract purchases for the nine months ended September 30, 2025, were $1.275 billion, compared to $1.224 billion during the same period in 2024[4] - The company's receivables totaled $3.760 billion as of September 30, 2025, up from $3.330 billion as of September 30, 2024[4] Credit Quality - Annualized net charge-offs for Q3 2025 were 8.01% of the average portfolio, compared to 7.32% for Q3 2024[5] - Delinquencies greater than 30 days were 13.96% of the total portfolio as of September 30, 2025, down from 14.04% as of September 30, 2024[5] Management Commentary - The CEO expressed satisfaction with the results, highlighting strong new loan origination volumes driving revenue growth[6]