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WRLD

World Acceptance Corporation

WRLD

World Acceptance Corporation • NASDAQ
$154.66 ▼ -0.62% (-0.96)
Market Cap $814.62 M
52w High $185.48
52w Low $104.99
Dividend Yield 0%
P/E 14.86
Volume 52.30K
Outstanding Shares 5.27M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q2-2026 $134.466M ▲ $71.968M ▲ $-1.946M ▼ -1.447% ▼ $-0.38 ▼ $576.492K ▼
Q1-2026 $132.452M ▼ $70.36M ▲ $1.344M ▼ 1.015% ▼ $0.26 ▼ $4.294M ▼
Q4-2025 $165.272M ▲ $65.94M ▼ $44.278M ▲ 26.791% ▲ $8.13 ▲ $57.55M ▲
Q3-2025 $138.633M ▲ $67.223M ▲ $13.388M ▼ 9.657% ▼ $2.46 ▼ $18.503M ▼
Q2-2025 $131.41M $46.355M $22.128M 16.839% $4.05 $30.491M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q2-2026 $14.882M ▲ $1.062B ▲ $696.715M ▲ $365.646M ▼
Q1-2026 $8.126M ▼ $1.024B ▲ $596.206M ▲ $427.851M ▼
Q4-2025 $9.73M ▼ $1.008B ▼ $568.147M ▼ $439.48M ▲
Q3-2025 $15.583M ▲ $1.111B ▲ $682.33M ▲ $428.17M ▲
Q2-2025 $9.746M $1.049B $631.698M $417.464M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q2-2026 $-1.946M ▼ $48.63M ▼ $-81.14M ▼ $39.266M ▲ $6.756M ▲ $47.712M ▼
Q1-2026 $1.344M ▼ $58.153M ▼ $-68.268M ▼ $8.511M ▲ $-1.604M ▲ $57.114M ▼
Q4-2025 $44.278M ▲ $90.957M ▲ $48.061M ▲ $-144.87M ▼ $-5.852M ▼ $90.088M ▲
Q3-2025 $13.388M ▼ $61.1M ▲ $-106.775M ▼ $51.512M ▲ $5.837M ▲ $60.415M ▲
Q2-2025 $22.128M $53.695M $-58.167M $3.098M $-1.373M $52.65M

Five-Year Company Overview

Income Statement

Income Statement Revenue has been fairly steady over the past few years, with only mild ups and downs rather than big swings. The more notable story is on profitability: earnings dropped sharply a couple of years ago, then recovered strongly and are now back near the better years of the early 2020s. That suggests management has tightened underwriting and costs, and loan performance has improved. Margins look healthier than in the weak year, but the history of volatility reminds that results can change quickly if credit losses or funding costs move against them.

Balance Sheet

Balance Sheet The balance sheet shows a business that relies meaningfully on debt but has been gradually reducing its borrowings since a peak a few years ago. Total assets, which largely reflect the loan book, have come down from that peak as well, in line with the strategy of “rightsizing” the portfolio rather than chasing sheer size. Shareholders’ equity has been rebuilt and now sits above where it was earlier in the period, implying a somewhat stronger capital cushion. Liquidity (cash on hand) is quite lean, which is typical for this type of lender but means dependence on funding lines and continued access to capital markets remains important.

Cash Flow

Cash Flow Cash flow from running the business has been consistently positive and reasonably stable, even in the weaker earnings year. After the very modest spending on property and equipment, almost all of that cash flow falls through to free cash flow. This indicates a business that does not require heavy investment to keep operating and can generate cash, though in a finance company that can also reflect slower loan growth or a shrinking book. Overall, the cash profile supports the idea of a disciplined, more selective lender rather than one in rapid expansion mode.

Competitive Edge

Competitive Edge World Acceptance operates in the niche of small consumer installment loans, mainly to higher‑risk borrowers who often have limited access to traditional bank credit. Its long operating history and large branch footprint across many states give it deep local roots and strong repeat business, which newer or online‑only competitors may find hard to match. The branch model allows “high‑touch” customer relationships and in‑person underwriting that can be valuable with subprime borrowers. On the other hand, it faces ongoing competition from online lenders, buy‑now‑pay‑later providers, and credit card issuers, as well as a regulatory climate that can be challenging for subprime lenders. Its edge rests on relationships, niche expertise, and operational know‑how rather than on having the lowest price.

Innovation and R&D

Innovation and R&D The company is not a heavy research spender in the tech‑company sense, but it has been innovating in how it delivers and manages credit. It is pushing a hybrid model that blends its physical branches with digital tools, letting customers apply and manage loans online while still having access to in‑person help. Behind the scenes, it is leaning more on data analytics to decide who to lend to, how much, and on what terms, which is central to controlling credit losses. Newer products, such as the “World Finance Smile” credit card, show an effort to broaden the relationship with existing customers and diversify revenue. The key uncertainty is execution: how well the company can roll out these digital and product upgrades without increasing risk or alienating customers who value face‑to‑face service.

Summary

Overall, World Acceptance looks like a mature specialty lender that has recently moved from a period of pressure to one of recovery and improved discipline. Earnings and margins have bounced back after a weak patch, the loan book has been trimmed and re‑balanced, and leverage has eased from earlier highs, all while cash generation has stayed solid. Its main strengths are its long track record, community‑based model, and growing use of data to manage risk, supported by a steady, low‑investment business model. The main watch points are its exposure to economically fragile borrowers, sensitivity to credit cycles and regulation, competition from more digital‑first rivals, and the need to successfully execute on portfolio “rightsizing” and new products like the credit card without undermining credit quality.

NEWS

October 23, 2025 · 7:30 AM UTC

World Acceptance Corporation Reports Fiscal 2026 Second Quarter Results

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October 16, 2025 · 11:00 AM UTC

World Acceptance Corporation Announces Second Quarter 2026 Conference Call on the Internet

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