CPS(US:CPSS) Globenewswire·2025-11-10 21:15Core Insights - Consumer Portfolio Services, Inc. reported earnings of $4.9 million, or $0.20 per diluted share, for Q3 2025, showing a slight increase from $4.8 million in Q3 2024 [1] - Revenues for Q3 2025 reached $108.4 million, a 7.8% increase from $100.6 million in Q3 2024 [2] - Total operating expenses for Q3 2025 were $101.4 million, up from $93.7 million in the same period last year [2] Financial Performance - For the nine months ended September 30, 2025, total revenues were $325.1 million, a 12.8% increase from $288.2 million in the same period of 2024 [3] - Total operating expenses for the nine months ended September 30, 2025, were $304.3 million, compared to $268.1 million for the same period in 2024 [3] - Net income for the nine months ended September 30, 2025, increased to $14.3 million from $14.1 million in the prior year [3] Portfolio and Contracts - The company purchased $1.275 billion of new contracts in the first nine months of 2025, compared to $1.224 billion during the same period in 2024 [4] - As of September 30, 2025, total receivables amounted to $3.760 billion, up from $3.330 billion a year earlier [4] Credit Quality - Annualized net charge-offs for Q3 2025 were 8.01% of the average portfolio, compared to 7.32% in Q3 2024 [5] - Delinquencies greater than 30 days were 13.96% of the total portfolio as of September 30, 2025, slightly down from 14.04% a year earlier [5] Management Commentary - The CEO expressed satisfaction with the third-quarter results, highlighting strong new loan origination volumes and operational efficiencies driving revenue growth [6]