FirstCash Reports Record Third Quarter Operating Results Across All Segments; Recent U.K. Acquisition Drives Additional Revenue and Earnings Growth; Declares Quarterly Cash Dividend and Authorizes New $150 Million Share Repurchase Plan

Core Insights - FirstCash Holdings, Inc. reported record revenue and earnings for the three and nine months ended September 30, 2025, with a quarterly cash dividend of $0.42 per share and a new $150 million share repurchase plan announced [1][3]. Financial Performance - For the third quarter of 2025, revenue reached $935.6 million, a 12% increase from $837.3 million in the prior year [5][40]. - Net income for the third quarter was $82.8 million, up 28% from $64.8 million year-over-year, with diluted earnings per share increasing to $1.86 from $1.44 [5][8]. - Year-to-date revenue for the nine months ended September 30, 2025, was $2.6 billion, a 4% increase from $2.5 billion in 2024, with net income rising to $226.2 million from $175.3 million [7][40]. Segment Performance - The U.S. pawn segment saw same-store pawn receivables increase by 13%, while Latin America and the U.K. segments reported increases of 18% and 25%, respectively [2][14]. - The retail point-of-sale payment solutions segment, American First Finance (AFF), experienced strong earnings growth due to lower loss provisions and improved operating margins [2][31]. Growth and Expansion - The company completed the acquisition of H&T, the U.K.'s largest pawnbroker, adding 286 locations, and plans to open 20-25 new stores primarily in Latin America by January 2026 [3][13]. - FirstCash added a total of 332 pawn locations over the past twelve months, bringing the total to 3,311 locations across the U.S., Latin America, and the U.K. [13][32]. Cash Flow and Shareholder Returns - Operating cash flows for the twelve months ended September 30, 2025, grew 31% to $577 million, with adjusted free cash flows increasing 42% to $310 million [19][24]. - The company repurchased 230,000 shares for $30 million in the third quarter, totaling $90 million in repurchases year-to-date, and declared a quarterly dividend of $0.42 per share [20][33]. Outlook - The outlook for the remainder of 2025 is positive, with expected year-over-year growth in income driven by continued growth in earning asset balances and store additions [21][27]. - The company anticipates strong fourth-quarter performance, with expected revenues ranging from $85 to $90 million, driven by seasonal holiday shopping [28][30].