EZCORP Inc
NASDAQ:EZPW
EZCORP Inc
EZCORP, Inc. provides pawn loans in the United States and Latin America. The company is headquartered in Rollingwood, Texas and currently employs 6,500 full-time employees. Pawn loans are non-recourse loans collateralized by tangible property. The firm also sells merchandise, primarily collateral forfeited from pawn lending operations and pre-owned merchandise purchased from customers. The firm operates through three segments: U.S. Pawn, Latin America Pawn and Other International. U.S. Pawn includes its EZPAWN, Value Pawn & Jewelry and other branded pawn operations in the United States. Latin America Pawn includes its Empeno Facil and other branded pawn operations in Mexico, as well as its GuatePrenda and MaxiEfectivo pawn operations in Guatemala, El Salvador, Honduras and Peru. Other International includes the consumer finance activities in Canada.
EZCORP, Inc. provides pawn loans in the United States and Latin America. The company is headquartered in Rollingwood, Texas and currently employs 6,500 full-time employees. Pawn loans are non-recourse loans collateralized by tangible property. The firm also sells merchandise, primarily collateral forfeited from pawn lending operations and pre-owned merchandise purchased from customers. The firm operates through three segments: U.S. Pawn, Latin America Pawn and Other International. U.S. Pawn includes its EZPAWN, Value Pawn & Jewelry and other branded pawn operations in the United States. Latin America Pawn includes its Empeno Facil and other branded pawn operations in Mexico, as well as its GuatePrenda and MaxiEfectivo pawn operations in Guatemala, El Salvador, Honduras and Peru. Other International includes the consumer finance activities in Canada.
Record Earnings: EZCORP delivered one of its strongest quarters ever, with record first quarter revenue and over 35% growth in both net income and EBITDA.
Revenue Growth: Total revenue reached $374.5 million, up 17%, driven by strong pawn demand, higher gold prices, and robust merchandise sales.
Margin Expansion: Adjusted EBITDA margin expanded by 260 basis points to 19%, and merchandise margins improved, supported by pricing, execution, and product mix.
Strategic Acquisitions: The company closed two significant acquisitions—SMG and El Buffalo Pawn—expanding its footprint to 1,500 stores across 16 countries.
Favorable Market Conditions: Consumer credit challenges are driving demand for pawn loans and affordable preowned goods, supporting both sides of the business.
Latin America Momentum: Latin America saw strong revenue and margin growth, with focus on growing jewelry lending and efficient inventory management.
Guidance: Management expects favorable Q2 momentum, with tax refund season likely to support loan redemptions and retail activity, and elevated gold prices benefiting scrap profits.
