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CPSS

Consumer Portfolio Services, Inc.

CPSS

Consumer Portfolio Services, Inc. • NASDAQ
$8.27 ▼ -0.30% (-0.03)
Market Cap $182.68 M
52w High $12.73
52w Low $6.67
Dividend Yield 0%
P/E 10.34
Volume 4.01K
Outstanding Shares 22.09M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $108.421M ▼ $43.003M ▼ $4.853M ▲ 4.476% ▲ $0.22 $7.239M ▲
Q2-2025 $109.764M ▲ $44.889M ▼ $4.797M ▲ 4.37% ▼ $0.22 $7.201M ▲
Q1-2025 $106.874M ▲ $46.133M ▼ $4.694M ▼ 4.392% ▼ $0.22 ▼ $7.051M ▼
Q4-2024 $105.303M ▲ $46.158M ▲ $5.145M ▲ 4.886% ▲ $0.24 ▲ $7.563M ▲
Q3-2024 $100.58M $44.667M $4.796M 4.768% $0.22 $7.065M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $151.894M ▼ $3.81B ▲ $3.502B ▲ $307.565M ▲
Q2-2025 $160.168M ▲ $3.764B ▲ $3.461B ▲ $303.101M ▲
Q1-2025 $29.841M ▼ $3.674B ▲ $3.375B ▲ $298.427M ▲
Q4-2024 $137.397M ▼ $3.501B ▲ $3.209B ▲ $292.77M ▲
Q3-2024 $279.052M $3.463B $3.178B $285.091M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $4.853M ▲ $84.921M ▲ $-131.422M ▲ $38.227M ▼ $-8.274M ▲ $85.392M ▲
Q2-2025 $4.797M ▲ $54.46M ▼ $-166.718M ▲ $88.948M ▼ $-23.31M ▼ $54.336M ▼
Q1-2025 $4.694M ▼ $73.868M ▲ $-194.111M ▲ $166.324M ▲ $46.081M ▲ $73.397M ▲
Q4-2024 $5.145M ▲ $67.997M ▼ $-232.878M ▼ $23.226M ▼ $-141.655M ▼ $67.92M ▼
Q3-2024 $4.796M $69.762M $-219.018M $161.697M $12.441M $69.662M

Five-Year Company Overview

Income Statement

Income Statement Revenue has trended upward over the last five years, showing a solid expansion of the lending book. However, profitability has been more volatile. Earnings were strongest a couple of years ago and have since stepped down, with operating and net income both compressing recently. This suggests that while the company is still making money, it is doing so on thinner margins than during its peak period, likely reflecting tougher credit conditions, higher funding costs, or more conservative pricing. Overall, the income statement shows a profitable but cyclical lender that is sensitive to the credit and rate environment.

Balance Sheet

Balance Sheet The balance sheet has grown meaningfully, with total assets and loan-related balances expanding as the business scaled. Debt has also climbed alongside this growth, leaving the company meaningfully leveraged, which is typical for a specialty finance lender but still an important risk factor. Equity has been building steadily, which is a positive sign of retained earnings and capital formation, yet it remains small compared with total assets. In plain terms, CPSS is growing on a leveraged base, slowly thickening its capital cushion but still operating with a relatively thin buffer against severe credit shocks.

Cash Flow

Cash Flow Cash generation from operations has been consistently positive over the entire period, and free cash flow closely tracks operating cash flow because the business requires very little in traditional capital spending. This indicates a model that converts earnings into cash fairly well and does not depend on heavy investment in physical assets. The key caveat is that, as a finance company, its cash flows depend heavily on loan performance, funding conditions, and securitization markets, but on the face of it, the historical cash flow profile looks steady and supportive of ongoing operations.

Competitive Edge

Competitive Edge CPSS occupies a focused niche in subprime auto finance, working with borrowers who have weaker or limited credit histories. Its long operating history, large dealer network across most of the country, and deep pool of performance data give it an edge in underwriting and collections versus newer entrants. The company funds itself largely through securitization, where it has built a track record that institutional investors recognize. At the same time, its specialization in higher-risk borrowers makes it particularly exposed to economic downturns, regulatory scrutiny, and shifts in funding markets. The moat is real but narrow: strong within its chosen segment, yet tied closely to a riskier customer base and cyclical conditions.

Innovation and R&D

Innovation and R&D Rather than traditional laboratory-style research, CPSS invests heavily in applied technology. It uses artificial intelligence and machine learning for underwriting, verification, and collections, automating the vast majority of credit decisions and many servicing tasks. Tools like AI-driven voice agents and automated document verification shorten approval times, reduce fraud risk, and free human staff to focus on complex cases. The company is also upgrading dealer-facing portals to make it easier for car dealers to do business with them. Overall, CPSS is behaving more like a fintech operator in a traditional niche, with its innovation focused on better risk scoring, faster processing, and more efficient collections rather than new product categories.

Summary

Consumer Portfolio Services shows a story of measured growth in a specialized, higher-risk corner of auto lending. Revenue and the loan portfolio have expanded, but profitability peaked earlier in the period and has eased more recently, reflecting margin pressure and the realities of subprime credit through changing economic conditions. The balance sheet is typical for a finance company—asset heavy and debt funded—with equity slowly building but still relatively thin, which makes risk management and credit discipline critical. Consistent positive cash flow supports the view that the business model is cash generative and not capital intensive in a traditional sense. Competitively, CPSS benefits from a long track record, deep data, a wide dealer network, and strong securitization experience in a niche that has limited direct competition. Its embrace of AI and automation across underwriting, servicing, and dealer tools is a notable strength and could help offset cost and credit pressures if executed well. The main watchpoints are credit quality through the cycle, funding costs, and regulatory or macroeconomic shocks that could test both the loan book and the leveraged capital structure.

NEWS

November 12, 2025 · 8:00 AM UTC

Black Diamond Announces Intent to Vote “Against” CPSS Equity Incentive Plan

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November 10, 2025 · 4:15 PM UTC

CPS Announces Third Quarter 2025 Earnings

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November 7, 2025 · 3:24 PM UTC

CPS to Host Conference Call on Third Quarter 2025 Earnings

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October 23, 2025 · 4:05 PM UTC

CPS Announces $384.6 Million Senior Subordinate Asset-Backed Securitization

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October 23, 2025 · 1:00 PM UTC

CPS Announces Closing of $167.5 Million Credit Facility

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