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Segment Information
 9 Months Ended
Sep. 30, 2025
Segment Reporting [Abstract]  
Segment Information Segment Information
The Company organizes its operations into four reportable segments as follows:

•U.S. pawn
•Latin America pawn
•U.K. pawn
•Retail POS payment solutions (American First Finance or “AFF”)

Corporate expenses and income, which include administrative expenses, corporate depreciation and amortization, interest expense, interest income, (gain) loss on foreign exchange, merger and acquisition expenses, and other income, net, are presented on a consolidated basis and are not allocated between the segments. Intersegment transactions relate to AFF’s LTO payment solution product offered in U.S. pawn stores, which are eliminated from consolidated totals.
The following tables present reportable segment information for the three and nine month periods ended September 30, 2025 and 2024 as well as certain segment assets (in thousands):

Three Months Ended September 30, 2025
 U.S.
Pawn
Latin
America
Pawn
U.K.
Pawn
Retail POS
Payment
Solutions
Corporate/
Intersegment Eliminations
Consolidated
Revenue:   
Retail merchandise sales$252,963 $144,644 $14,066 $— $(705)
(1)
$410,968 
Pawn loan fees138,867 67,199 15,022 — — 221,088 
Leased merchandise income— — — 132,540 — 132,540 
Interest and fees on finance receivables— — — 81,683 — 81,683 
Wholesale scrap jewelry sales45,607 17,831 23,272 — — 86,710 
Other revenue— — 2,590 — — 2,590 
Total revenue437,437 229,674 54,950 214,223 (705)935,579 
Cost of revenue:    
Cost of retail merchandise sold145,411 92,931 10,755 — (374)
(1)
248,723 
Depreciation of leased merchandise— — — 76,253 (225)
(1)
76,028 
Provision for lease losses— — — 28,005 (85)
(1)
27,920 
Provision for loan losses— — — 40,347 — 40,347 
Cost of wholesale scrap jewelry sold38,520 15,000 14,700 — — 68,220 
Other cost of revenue— — 634 — — 634 
Total cost of revenue183,931 107,931 26,089 144,605 (684)461,872 
Net revenue253,506 121,743 28,861 69,618 (21)473,707 
Expenses and other income:    
Operating expenses133,024 70,327 10,225 22,952 — 236,528 
Administrative expenses— — — — 58,845 58,845 
Depreciation and amortization8,464 4,443 742 687 14,698 29,034 
Interest expense— — — — 32,216 32,216 
Interest income— — — — (908)(908)
Gain on foreign exchange
— — — — (219)(219)
Merger and acquisition expenses— — — — 9,472 9,472 
Other income, net— — — — (3,740)(3,740)
Total expenses and other income141,488 74,770 10,967 23,639 110,364 361,228 
Income (loss) before income taxes$112,018 $46,973 $17,894 $45,979 $(110,385)$112,479 

(1)Represents the elimination of intersegment transactions related to the Company offering AFF’s LTO payment solution in its U.S. pawn stores.
Nine Months Ended September 30, 2025
U.S.
Pawn
Latin
America
Pawn
U.K.
Pawn
Retail POS
Payment
Solutions
Corporate/
Intersegment Eliminations
Consolidated
Revenue:   
Retail merchandise sales$754,106 $401,132 $14,066 $— $(2,155)
(1)
$1,167,149 
Pawn loan fees407,763 180,996 15,022 — — 603,781 
Leased merchandise income— — — 429,242 — 429,242 
Interest and fees on finance receivables— — — 231,171 — 231,171 
Wholesale scrap jewelry sales107,839 37,580 23,272 — — 168,691 
Other revenue— — 2,590 — — 2,590 
Total revenue1,269,708 619,708 54,950 660,413 (2,155)2,602,624 
Cost of revenue:   
Cost of retail merchandise sold434,318 259,249 10,755 — (1,149)
(1)
703,173 
Depreciation of leased merchandise— — — 243,925 (806)
(1)
243,119 
Provision for lease losses— — — 88,276 (251)
(1)
88,025 
Provision for loan losses— — — 118,468 — 118,468 
Cost of wholesale scrap jewelry sold92,009 31,770 14,700 — — 138,479 
Other cost of revenue— — 634 — — 634 
Total cost of revenue526,327 291,019 26,089 450,669 (2,206)1,291,898 
Net revenue743,381 328,689 28,861 209,744 51 1,310,726 
Expenses and other income:    
Operating expenses395,790 196,158 10,225 71,434 — 673,607 
Administrative expenses— — — — 166,631 166,631 
Depreciation and amortization24,155 13,173 742 2,091 40,239 80,400 
Interest expense— — — — 86,024 86,024 
Interest income— — — — (2,664)(2,664)
Gain on foreign exchange
— — — — (1,504)(1,504)
Merger and acquisition expenses— — — — 12,711 12,711 
Other income, net— — — — (9,254)(9,254)
Total expenses and other income419,945 209,331 10,967 73,525 292,183 1,005,951 
Income (loss) before income taxes$323,436 $119,358 $17,894 $136,219 $(292,132)$304,775 

(1)Represents the elimination of intersegment transactions related to the Company offering AFF’s LTO payment solution in its U.S. pawn stores.

As of September 30, 2025
U.S.
Pawn
Latin
America
Pawn
U.K.
Pawn
Retail POS
Payment
Solutions
Corporate/
Intersegment Eliminations
Consolidated
Pawn loans$426,288 $173,203 $188,639 $— $— $788,130 
Finance receivables, net— — — 153,134 — 153,134 
Inventories266,452 124,081 65,740 — — 456,273 
Leased merchandise, net— — — 99,909 (184)
(1)
99,725 
Goodwill1,156,052 189,061 139,040 486,205 — 1,970,358 
Total assets2,800,729 780,099 546,739 887,899 166,850 5,182,316 

(1)Represents the elimination of intersegment transactions related to the Company offering AFF’s LTO payment solution in its U.S. pawn stores.
Three Months Ended September 30, 2024
 U.S.
Pawn		Latin
America
Pawn		U.K.
Pawn		Retail POS
Payment
Solutions
Corporate/
Intersegment Eliminations
Consolidated
Revenue:   
Retail merchandise sales$235,037 $129,081 $— $— $(977)
(1)
$363,141 
Pawn loan fees128,393 58,168 — — — 186,561 
Leased merchandise income— — — 188,560 — 188,560 
Interest and fees on finance receivables— — — 61,198 — 61,198 
Wholesale scrap jewelry sales26,685 11,176 — — — 37,861 
Total revenue390,115 198,425 — 249,758 (977)837,321 
Cost of revenue:   
Cost of retail merchandise sold134,966 83,729 — — (517)
(1)
218,178 
Depreciation of leased merchandise— — — 105,308 (380)
(1)
104,928 
Provision for lease losses— — — 39,268 (97)
(1)
39,171 
Provision for loan losses— — — 40,557 — 40,557 
Cost of wholesale scrap jewelry sold21,393 8,487 — — — 29,880 
Total cost of revenue156,359 92,216 — 185,133 (994)432,714 
Net revenue233,756 106,209 — 64,625 17 404,607 
Expenses and other income:    
Operating expenses128,104 63,062 — 33,760 — 224,926 
Administrative expenses— — — — 42,237 42,237 
Depreciation and amortization7,365 4,676 — 679 13,213 25,933 
Interest expense— — — — 27,424 27,424 
Interest income— — — — (403)(403)
Loss on foreign exchange
— — — — 882 882 
Merger and acquisition expenses— — — — 225 225 
Other income, net— — — — (1,797)(1,797)
Total expenses and other income135,469 67,738 — 34,439 81,781 319,427 
Income (loss) before income taxes$98,287 $38,471 $— $30,186 $(81,764)$85,180 

(1)Represents the elimination of intersegment transactions related to the Company offering AFF’s LTO payment solution in its U.S. pawn stores.
Nine Months Ended September 30, 2024
U.S.
Pawn
Latin
America
Pawn
U.K.
Pawn
Retail POS
Payment
Solutions
Corporate/
Intersegment Eliminations
Consolidated
Revenue:   
Retail merchandise sales$702,120 $394,375 $— $— $(3,070)
(1)
$1,093,425 
Pawn loan fees371,699 175,443 — — — 547,142 
Leased merchandise income— — — 588,801 — 588,801 
Interest and fees on finance receivables— — — 175,384 — 175,384 
Wholesale scrap jewelry sales70,722 29,229 — — — 99,951 
Total revenue1,144,541 599,047 — 764,185 (3,070)2,504,703 
Cost of revenue:   
Cost of retail merchandise sold407,329 254,188 — — (1,663)
(1)
659,854 
Depreciation of leased merchandise— — — 336,649 (1,280)
(1)
335,369 
Provision for lease losses— — — 130,272 (438)
(1)
129,834 
Provision for loan losses— — — 102,091 — 102,091 
Cost of wholesale scrap jewelry sold57,928 23,783 — — — 81,711 
Total cost of revenue465,257 277,971 — 569,012 (3,381)1,308,859 
Net revenue679,284 321,076 — 195,173 311 1,195,844 
Expenses and other income:    
Operating expenses372,191 198,389 — 103,851 — 674,431 
Administrative expenses— — — — 132,857 132,857 
Depreciation and amortization21,609 15,199 — 2,078 39,621 78,507 
Interest expense— — — — 78,029 78,029 
Interest income— — — — (1,407)(1,407)
Loss on foreign exchange
— — — — 2,133 2,133 
Merger and acquisition expenses— — — — 2,186 2,186 
Other income, net— — — — (4,135)(4,135)
Total expenses and other income393,800 213,588 — 105,929 249,284 962,601 
Income (loss) before income taxes$285,484 $107,488 $— $89,244 $(248,973)$233,243 

(1)Represents the elimination of intersegment transactions related to the Company offering AFF’s LTO payment solution in its U.S. pawn stores.

As of September 30, 2024
U.S.
Pawn
Latin
America
Pawn
U.K.
Pawn
Retail POS
Payment
Solutions
Corporate/
Intersegment Eliminations
Consolidated
Pawn loans$380,962$136,915$— $—$—$517,877
Finance receivables, net——— 123,751—123,751
Inventories238,66895,726— ——334,394
Leased merchandise, net——— 137,973(204)
(1)
137,769
Goodwill1,125,226 177,364 — 486,205 — 1,788,795 
Total assets2,633,854 668,185 — 955,071 135,737 4,392,847 

(1)Represents the elimination of intersegment transactions related to the Company offering AFF’s LTO payment solution in its U.S. pawn stores.