CPS Announces Fourth Quarter and Full Year 2025 Earnings

Core Viewpoint - Consumer Portfolio Services, Inc. reported a strong financial performance for the fourth quarter and the full year of 2025, achieving record revenues and stable net income growth, positioning the company well for 2026 [6]. Financial Performance - For the fourth quarter of 2025, the company reported earnings of $5.0 million, or $0.21 per diluted share, compared to $5.1 million, or $0.21 per diluted share, in the fourth quarter of 2024 [1][12]. - Total revenues for Q4 2025 were $109.4 million, an increase of $4.1 million, or 3.9%, from $105.3 million in Q4 2024 [2]. - Total operating expenses for Q4 2025 were $102.2 million, up from $98.0 million in the same period of 2024 [2]. - For the full year 2025, total revenues reached $434.5 million, a 10.4% increase from $393.5 million in 2024, driven by a $58.7 million increase in interest income [3]. - The company's net income for the full year 2025 was $19.3 million, slightly up from $19.2 million in 2024 [3]. Portfolio and Contracts - In 2025, CPS purchased $1.638 billion of new contracts, a decrease from $1.682 billion in 2024 [4]. - The total receivables as of December 31, 2025, were $3.779 billion, an increase from $3.491 billion a year earlier [4]. Credit Quality - Net charge-offs for 2025 were 7.76% of the average portfolio, compared to 7.62% in 2024 [5]. - Delinquencies greater than 30 days were 14.77% of the total portfolio as of December 31, 2025, slightly down from 14.85% a year prior [5]. Management Commentary - The CEO highlighted that 2025 marked the highest recorded revenue in the company's history, indicating strong origination volume and improved operating efficiencies [6].