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EZPW

EZCORP, Inc.

EZPW

EZCORP, Inc. • NASDAQ
$19.28 ▲ 1.21% (+0.23)
Market Cap $1.12 B
52w High $19.44
52w Low $11.56
Dividend Yield 0%
P/E 13.58
Volume 235.79K
Outstanding Shares 57.92M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q4-2025 $336.813M ▲ $161.585M ▲ $26.704M ▲ 7.928% ▼ $0.44 ▼ $52.587M ▲
Q3-2025 $310.981M ▲ $147.644M ▲ $26.503M ▲ 8.522% ▲ $0.45 ▼ $51.174M ▲
Q2-2025 $306.316M ▼ $144.204M ▲ $25.39M ▼ 8.289% ▼ $0.46 ▼ $45.713M ▼
Q1-2025 $320.17M ▲ $143.463M ▼ $31.016M ▲ 9.687% ▲ $0.57 ▲ $52.866M ▲
Q4-2024 $294.551M $149.374M $15.196M 5.159% $-1.37 $37.583M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q4-2025 $469.524M ▼ $1.951B ▲ $925.724M ▲ $1.025B ▲
Q3-2025 $472.088M ▼ $1.883B ▲ $893.01M ▼ $990.058M ▲
Q2-2025 $505.239M ▲ $1.83B ▲ $978.053M ▲ $851.575M ▲
Q1-2025 $174.506M ▲ $1.499B ▲ $675.239M ▼ $823.894M ▲
Q4-2024 $170.513M $1.493B $688.666M $804.571M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $26.503M ▲ $36.514M ▼ $-52.971M ▼ $-10.85M ▼ $-33.041M ▼ $27.429M ▼
Q2-2025 $25.39M ▼ $36.937M ▲ $-741K ▲ $293.558M ▲ $330.846M ▲ $28.58M ▲
Q1-2025 $31.016M ▲ $25.991M ▼ $-14.04M ▲ $-7.102M ▲ $4.085M ▲ $20.382M ▼
Q4-2024 $15.196M ▼ $43.336M ▲ $-52.619M ▼ $-37.535M ▼ $-47.435M ▼ $24.442M ▼
Q3-2024 $17.95M $35.506M $-42.782M $-3.109M $-10.45M $32.29M

Revenue by Products

Product Q1-2025Q2-2025Q3-2025Q4-2025
Merchandise
Merchandise
 $190.00M ▲$170.00M ▼$170.00M ▲$180.00M ▲
Pawn Service
Pawn Service
 $120.00M ▲$120.00M ▲$120.00M ▲$130.00M ▲
Product and Service Other
Product and Service Other
 $0 ▲$0 ▲$0 ▲$0 ▲
Jewelry Scrapping
Jewelry Scrapping
 $20.00M ▲$20.00M ▲$30.00M ▲$0 ▼

Five-Year Company Overview

Income Statement

Income Statement EZCORP’s income statement shows a business that has been steadily scaling up. Revenue and gross profit have increased each year, and operating profit has grown faster than sales, suggesting better cost control and improved store productivity. Net income has moved from very thin profitability to more solid, repeatable earnings, and earnings per share have followed the same pattern. Profitability is still not high for a financial services business, and EBITDA has been somewhat uneven, which signals that the company is still in a transition and investment phase rather than in a fully mature, high‑margin position. Overall, the income statement points to a company getting stronger but still sensitive to operating discipline and economic cycles.

Balance Sheet

Balance Sheet The balance sheet looks generally healthy and gradually strengthening. Total assets and shareholder equity have risen over time, showing that the business is building its asset base and retaining value rather than eroding it. Debt has also increased but at a pace that appears manageable relative to the size of the company and its equity, indicating a moderate, not extreme, use of leverage. Cash balances are solid but have drifted slightly lower, which fits with a company investing for growth and acquisitions. In short, the balance sheet supports continued expansion, but the company does need to keep an eye on leverage and liquidity as it grows.

Cash Flow

Cash Flow Cash flow has moved in the right direction, with operating cash generation steadily improving alongside earnings. Free cash flow has remained positive for several years and is gradually increasing, which is an important sign of financial resilience in a consumer credit–linked business. Capital spending is meaningful but not aggressive, suggesting disciplined investment in stores and technology rather than large, risky bets. The combination of positive and growing free cash flow with moderate investment needs gives EZCORP flexibility to fund expansion, service debt, and pursue selective acquisitions without depending heavily on new external financing, as long as trends continue.

Competitive Edge

Competitive Edge EZCORP holds a solid position in the pawn and alternative credit space, anchored by a large physical store network across the United States and Latin America and a well‑recognized brand in its niche. Serving primarily underbanked and cash‑constrained customers gives it a demand base that often grows when traditional credit tightens, which can make the business more resilient in weaker economies. Its vertically integrated pawn model, from lending against collateral to reselling forfeited goods, supports margin control and inventory efficiency. Loyalty programs, improved in‑store systems, and a strong focus on jewelry and gold‑backed loans add to its edge. That said, the company still faces ongoing competition from other pawn operators, informal lenders, online resale platforms, and emerging fintech solutions, as well as regulatory and reputational scrutiny typical for its industry.

Innovation and R&D

Innovation and R&D Innovation is a clear strategic focus. EZCORP is modernizing its technology stack, moving to cloud‑based, modular systems that should make it faster to roll out new services and integrate partners. It is building out digital channels such as online payments, an omnichannel pawn and resale experience, and the EZ+ rewards platform to increase customer engagement and convenience. Internally, tools like Workday are aimed at improving workforce efficiency and consistency across regions. The company is also exploring and investing in fintech opportunities, including alternative digital financial services and early steps toward areas like cryptocurrency and online lending, while continuing to expand in Latin America. These initiatives could deepen its moat if executed well, but they carry the usual risks: execution complexity, technology spend that may take time to pay off, and regulatory uncertainty around newer financial products.

Summary

Overall, EZCORP appears to be a steadily improving business in a specialized corner of financial services. The financial statements show consistent growth, better profitability, and reliable free cash flow, supported by a balance sheet that is reasonably strong but does make use of leverage. Strategically, the company combines a large physical footprint and entrenched brand with a serious push into digital tools, loyalty programs, and fintech‑adjacent services, aiming to serve underbanked customers more effectively and at lower cost. Key opportunities lie in technology‑driven efficiency, deeper customer relationships, and Latin American expansion. Key risks include economic cycles, regulatory pressure on alternative credit models, competition from both traditional pawn shops and digital lenders, and the challenge of successfully executing its technology and innovation roadmap without overextending. For now, the trajectory is one of gradual strengthening with meaningful, but manageable, uncertainties.

NEWS

November 13, 2025 · 4:13 PM UTC

EZCORP Reports Fourth Quarter and Full Year Fiscal 2025 Results

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November 13, 2025 · 8:15 AM UTC

EZCORP to Release Fourth Quarter and Full Year Fiscal 2025 Results After Market Close on Thursday, November 13, 2025

Read more