Form 8-K

8-K — EZCORP INC

Accession: 0000876523-26-000046

Filed: 2026-05-06

Period: 2026-05-06

CIK: 0000876523

SIC: 5900 (RETAIL-MISCELLANEOUS RETAIL)

Item: Results of Operations and Financial Condition

Item: Regulation FD Disclosure

Item: Financial Statements and Exhibits

Documents

8-K — ezpw-20260506.htm (Primary)

EX-99.1 (a2026-q2pressreleaseex991.htm)

GRAPHIC (fy2014q1ezcorpa01a04a56.jpg)

XML — IDEA: XBRL DOCUMENT (R1.htm)

8-K

8-K (Primary)

Filename: ezpw-20260506.htm · Sequence: 1

ezpw-20260506

false000087652300008765232026-05-062026-05-06

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

_______________________________________________________

FORM 8-K

_______________________________________________________

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(d) OF THE

SECURITIES EXCHANGE ACT OF 1934

Date of Report (Date of earliest event reported): May 6, 2026

_______________________________________________

EZCORP, Inc.

(Exact name of registrant as specified in its charter)

_______________________________________________________

Delaware 0-19424 74-2540145

(State or other jurisdiction

of incorporation) (Commission

File Number) (IRS Employer

Identification No.)

2500 Bee Cave Road, Bldg One, Suite 200, Rollingwood, Texas 78746

(Address of principal executive offices) (zip code)

Registrant’s telephone number, including area code: (512) 314-3400

_______________________________________________________

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class Trading Symbol(s) Name of each exchange on which registered

Class A Non-voting Common Stock, par value $.01 per share EZPW NASDAQ Stock Market (NASDAQ Global Select Market)

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 2.02 — Results of Operations and Financial Condition

On May 6, 2026, EZCORP, Inc. (“EZCORP”) issued a press release announcing its results of operations and financial condition for the quarter ended March 31, 2026. A copy of that press release is attached as Exhibit 99.1.

In addition to the financial information prepared in conformity with U.S. generally accepted accounting principles (“GAAP”), we provide certain other non-GAAP financial information on a constant currency (“constant currency”) and adjusted basis. We use constant currency results to evaluate our Latin America Pawn operations, which are denominated primarily in Mexican pesos, Guatemalan quetzales and other Latin American currencies. We believe that presentation of constant currency and adjusted results is meaningful and useful in understanding the activities and business metrics of our operations and reflect an additional way of viewing aspects of our business that, when viewed with GAAP results, provide a more complete understanding of factors and trends affecting our business. We provide non-GAAP financial information for informational purposes and to enhance understanding of our GAAP consolidated financial statements. We use this non-GAAP financial information primarily to evaluate and compare operating results across accounting periods.

Readers should consider the information in addition to, but not instead of or superior to, our financial statements prepared in accordance with GAAP. This non-GAAP financial information may be determined or calculated differently by other companies, limiting the usefulness of those measures for comparative purposes.

The information set forth under this Item 2.02, including Exhibit 99.1, shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934 or otherwise subject to the liabilities of that section, and shall not be deemed to be incorporated by reference in any filing made by EZCORP under the Securities Act of 1933 or the Securities Exchange Act of 1934.

Item 7.01 — Regulation FD Disclosure

A copy of the presentation materials that management will review during the Company’s earnings conference call (to be held on May 7, 2026) will be posted in the Investor Relations section of the company’s website at www.ezcorp.com.

The information set forth, or referred to, in this Item 7.01 shall not be deemed “filed” for purposes of the Securities Exchange Act of 1934 or otherwise subject to the liabilities of that section, and shall not be deemed to be incorporated by reference into any registration statement or other filing made by EZCORP under the Securities Act of 1933 or the Securities Exchange Act of 1934, unless such subsequent filing specifically references this Item 7.01 of this Report.

Item 9.01 — Financial Statements and Exhibits

(d) Exhibits.

99.1

Press Release, dated May 6, 2026, announcing EZCORP, Inc.’s results of operations and financial condition for the period ended March 31, 2026.

104 Cover Page Interactive Data File (embedded within the Inline XBRL document)

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

EZCORP, INC.

Date: May 6, 2026 By: /s/ Timothy K. Jugmans

Timothy K. Jugmans

Chief Financial Officer

EX-99.1

Filename: a2026-q2pressreleaseex991.htm · Sequence: 2

Document

EZCORP Reports Second Quarter Fiscal 2026 Results

Record Operating Results; PLO and Revenue reach all-time highs

Austin, Texas (May 6, 2026) — EZCORP, Inc. (NASDAQ: EZPW), a leading provider of pawn transactions in the United States, Latin America and the Caribbean, today announced results for its second quarter ended March 31, 2026.

Unless otherwise noted, all amounts in this release are in conformity with U.S. generally accepted accounting principles (“GAAP”) and comparisons shown are to the same period in the prior year.

SECOND QUARTER HIGHLIGHTS

•Net income attributable to EZCORP increased 93% to $49.1 million. On an adjusted basis1, net income attributable to EZCORP increased 84% to $46.5 million.

•Diluted earnings per share (EPS) increased 85% to $0.61. On an adjusted basis1, diluted earnings per share increased 76% to $0.58.

•Adjusted EBITDA increased 76% to $76.9 million.

•Total revenues increased 46% to $446.9 million, while gross profit increased 46% to $260.0 million.

•Pawn loans outstanding (PLO) increased 33% to $349.4 million.

•Completed the acquisition of Founders One, LLC ("Founders") and its subsidiary, Simple Management Group, Inc. ("SMG") effective January 2, 2026.

•Grew our footprint by 123 stores, including 117 acquired stores (105 from SMG) and 6 de novo stores.

CEO COMMENTARY AND OUTLOOK

Lachie Given, Chief Executive Officer, stated, "The second quarter was another exceptional period for EZCORP, delivering record revenue, record PLO, and a 76% increase in adjusted EBITDA. This growth was driven by disciplined execution across all segments, sustained customer demand for immediate cash solutions and high-quality, affordable secondhand goods, together with favorable gold prices and the contribution from SMG.

"We expanded our footprint by 123 stores during the quarter, including the SMG and El Bufalo acquisitions completed in early January, and ended the period with 1,506 stores across 16 countries. We are focused on driving operational improvements across SMG while capitalizing on the advantages of our scaled global platform and the significant runway ahead in existing and new pawn markets. In April, we acquired 32 stores in Guatemala strengthening our market leading position there.

"Backed by a highly liquid balance sheet, we remain disciplined in capital allocation and active in pursuing attractive organic and inorganic growth opportunities. I thank our team members across every geography for their dedication to exceptional customer service. Guided by our core values of People, Pawn and Passion, we continue our focus on strengthening our core and scaling our operations, while delivering sustainable, long-term value for our shareholders."

CONSOLIDATED RESULTS

Three Months Ended March 31,

As Reported

Adjusted1

in millions, except per share amounts 2026 2025 2026 2025

Total revenues $ 446.9 $ 306.3 $ 434.9 $ 306.3

Gross profit $ 260.0 $ 178.5 $ 253.4 $ 178.5

Income before income taxes $ 65.5 $ 34.4 $ 61.8 $ 34.3

Consolidated net income attributable to EZCORP $ 49.1 $ 25.4 $ 46.5 $ 25.3

Diluted earnings per share attributable to EZCORP $ 0.61 $ 0.33 $ 0.58 $ 0.33

EBITDA (non-GAAP measure) $ 80.8 $ 43.8 $ 76.9 $ 43.8

•PLO increased 33% to $349.4 million (16% on a same-store2 basis), primarily due to higher average loan size, continued strong pawn demand and improved operational performance.

•Total revenues increased 46% and gross profit increased 46%, reflecting improved merchandise sales, jewelry scrap sales, and pawn service charges (PSC). Excluding SMG, total revenues increased 29% and gross profit increased 31%.

•PSC increased 30% as a result of higher average PLO and additional stores.

•Merchandise sales gross margin increased to 36% from 34%, while aged general merchandise decreased 128 basis points (bps) to 1.5% of total general merchandise inventory.

•Jewelry scrap sales increased 288%, and jewelry scrap sales gross margin increased from 22% to 38% due to increase in gold price and jewelry purchases.

•Net inventory increased 33% (15% on a same-store basis) due to an increase in PLO, layaways and purchases, partially offset by an increase in inventory turnover to 2.7x, from 2.5x.

•Store expenses increased 33% (13% on a same-store basis), primarily due to labor costs, including minimum wage increases in Latin America.

•General and administrative expenses increased 37%, primarily due to labor costs (including higher incentive compensation) and expenses associated with SMG.

•Income before taxes increased to $65.5 million, up 90% from $34.4 million, and adjusted EBITDA increased 76% to $76.9 million.

•Diluted earnings per share increased 85% to $0.61. On an adjusted basis, diluted earnings per share increased 76% to $0.58.

•Cash and cash equivalents decreased to $354.2 million from $505.2 million as of March 31, 2025. The decrease was primarily driven by the retirement of SMG’s existing third-party indebtedness of $134.2 million and cash used for acquisitions.

SEGMENT RESULTS

U.S. Pawn

•PLO increased 16% to $230.5 million (13% on a same-store basis) due to an increase in average loan size, strong loan demand and improved operational performance.

•Total revenues and gross profit increased 27%, driven by increased jewelry scrap sales, PSC and merchandise sales.

•PSC increased 13% as a result of higher average PLO.

•Merchandise sales increased 9% (7% on a same-store basis). Sales gross margin increased by 170 bps to 38%.

•Jewelry scrap sales increased 228%, and jewelry scrap sales gross margin increased to 41% from 22% due to increase in gold price and jewelry purchases.

•Net inventory increased 20% (16% on a same-store basis) due to increase in PLO, layaways and purchases; inventory turnover remained consistent at 2.3x. Aged general merchandise decreased by 95 bps to 2.3%, or $0.9 million of total general merchandise inventory.

•Store expenses increased 9% on a total and 6% on a same-store basis, primarily due to increased labor, in line with store activity.

•Segment contribution increased 59% to $78.1 million.

•Segment store count increased to 559 due to the acquisition of 12 stores in Texas during the quarter.

Latin America Pawn

•PLO increased 38% to $86.3 million (27% on constant currency basis). On a same-store basis, PLO increased 25% (15% increase on a constant currency basis) due to strong loan demand and improved operational performance.

•Total revenues increased 34% (19% on constant currency basis), and gross profit increased 42% (27% on a constant currency basis), primarily due to increased jewelry scrap sales, PSC and merchandise sales.

•PSC increased to $38.0 million, an increase of 34% (21% on a constant currency basis) as a result of higher average PLO.

•Merchandise sales increased 31% (17% on constant currency basis) and 21% on a same-store basis (8% increase on a constant currency basis). Merchandise sales gross margin increased to 34% from 30%.

•Jewelry scrap sales increased 64%, and jewelry scrap sales gross margin increased to 38% from 24% due to increase in gold price.

•Net inventory increased 21% (10% on a constant currency basis) due to an increase in PLO. Inventory turnover remained consistent at 3.2x. On a same-store basis, net inventory increased by 11% (consistent on a constant currency basis). Aged general merchandise decreased below 1% of total general merchandise inventory.

•Store expenses increased 45% (29% on a constant currency basis) and increased 33% on a same-store basis (19% on a constant currency basis) due to increased labor, in line with store activity and minimum wage increases.

•Segment contribution increased 38% to $19.1 million (24% on a constant currency basis to $17.1 million).

•Segment store count increased by 4 de novo stores to 840 during the quarter.

SMG

•On January 2, 2026, EZCORP acquired a controlling 87.7% interest in Founders, which owns 85.1% of SMG. The second quarter of fiscal 2026 represents the first quarter of SMG consolidation. As SMG was not owned during the comparable prior-year period, results are presented on an absolute basis without year-over-year comparisons.

•PLO of $32.6 million and net inventory of $26.1 million, with aged general merchandise below 1% of total general merchandise inventory.

•Total revenues were $51.3 million, comprised of jewelry scrap sales of $19.1 million (with a margin of 30.6%), merchandise sales of $17.8 million (with a margin of 33.1%) and PSC of $14.4 million.

•Store expenses totaled $16.6 million.

•Segment contribution was $8.8 million.

•Segment store count increased by 2 to 107 due to the addition of de novo stores.

FORM 10-Q

EZCORP’s Quarterly Report on Form 10-Q for the quarter ended March 31, 2026 has been filed with the Securities and Exchange Commission. The report is available in the Investor Relations section of the Company’s website at http://investors.ezcorp.com. EZCORP shareholders may obtain a paper copy of the report, free of charge, by sending a request to the investor relations contact below.

Note: The underlying numbers are in thousands and, as a result, may not agree to the percentages calculated from numbers in millions and tables may not foot.

1“Adjusted” basis, which is a non-GAAP measure, excludes certain items. “Constant currency” basis, which is a non-GAAP measure, excludes the impact of foreign currency exchange rate fluctuations. For additional information about these calculations, as well as a reconciliation to the most comparable GAAP financial measures, see “Non-GAAP Financial Information” at the end of this release.

2“Same Store” basis, which is a financial measure, includes stores open the entirety of the comparable periods.

CONFERENCE CALL

EZCORP will host a conference call on Thursday, May 7, 2026, at 8:00 am Central Time to discuss Second Quarter Fiscal 2026 results. Analysts and institutional investors may participate on the conference call by registering online at https://register-conf.media-server.com/register/BI28c4fe4baaf941ed813a0581b4f93ab1. Once registered you will receive the dial-in details with a unique PIN to join the call. The conference call will be webcast simultaneously to the public through this link: https://edge.media-server.com/mmc/p/dbus7ezd/. A replay of the conference call will be available online at http://investors.ezcorp.com shortly after the end of the call.

ABOUT EZCORP

Formed in 1989, EZCORP is a leading provider of pawn transactions in the United States and Latin America. We also sell pre-owned and recycled merchandise, primarily collateral forfeited from pawn lending operations and merchandise purchased from customers. We are dedicated to satisfying the short-term cash needs of consumers who are both cash and credit constrained, focusing on an industry-leading customer experience. EZCORP is traded on NASDAQ under the symbol EZPW.

Facebook EZPAWN Official https://www.facebook.com/EZPAWN/

EZCORP Instagram Official https://www.instagram.com/ezcorp_official/

EZPAWN Instagram Official https://www.instagram.com/ezpawnofficial/

EZCORP LinkedIn https://www.linkedin.com/company/ezcorp/

FORWARD LOOKING STATEMENTS

This announcement contains certain forward-looking statements regarding the Company’s strategy, initiatives and expected performance. These statements are based on the Company’s current expectations as to the outcome and timing of future events. All statements, other than statements of historical facts, including all statements regarding the Company's strategy, initiatives and future performance, that address activities or results that the Company plans, expects, believes, projects, estimates or anticipates, will, should or may occur in the future, including future financial or operating results, are forward-looking statements. Actual results for future periods may differ materially from those expressed or implied by these forward-looking statements due to a number of uncertainties and other factors, including operating risks, liquidity risks, legislative or regulatory developments, market factors, current or future litigation and risks associated with pandemics. For a discussion of these and other factors affecting the Company’s business and prospects, see the Company’s annual, quarterly and other reports filed with the Securities and Exchange Commission. The Company undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results over time.

Contact:

Email: Investor_Relations@ezcorp.com

Phone: (512) 314-2220

Note: Percentages are calculated from the underlying numbers in thousands and, as a result, may not agree to the percentages calculated from numbers in millions. Numbers may not foot or cross foot due to rounding.

2“Same-store” basis, which is a financial measure, includes stores open the entirety of the comparable periods.

EZCORP, Inc.

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

(Unaudited)

Three Months Ended

March 31, Six Months Ended

March 31,

(in thousands, except per share amount) 2026 2025 2026 2025

Revenues:

Merchandise sales $ 214,465 $ 169,467 $ 424,612 $ 355,810

Jewelry scrap sales 81,240 20,938 121,149 37,670

Pawn service charges 151,128 115,871 283,045 232,923

Other revenues 48 40 94 83

Total revenues 446,881 306,316 828,900 626,486

Merchandise cost of goods sold 136,788 111,555 269,544 233,379

Jewelry scrap cost of goods sold 50,055 16,309 76,352 29,251

Gross profit 260,038 178,452 483,004 363,856

Operating expenses:

Store expenses 148,119 111,067 274,891 222,003

General and administrative 34,488 25,100 61,231 49,284

Depreciation and amortization 9,588 8,020 18,344 16,355

Loss on sale or disposal of assets and other — 17 87 25

Total operating expenses 192,195 144,204 354,553 287,667

Operating income 67,843 34,248 128,451 76,189

Interest expense 8,354 3,281 16,520 6,428

Interest income (2,587) (1,875) (7,401) (3,968)

Equity in net income of unconsolidated affiliates (1,166) (1,505) (2,989) (2,980)

Other (income) expense (2,244) (65) (2,336) 913

Income before income taxes 65,486 34,412 124,657 75,796

Income tax expense 15,902 9,022 30,769 19,390

Consolidated net income 49,584 25,390 93,888 56,406

Consolidated net (income) attributable to non-controlling interest (481) — (481) —

Consolidated net income attributable to EZCORP $ 49,103 $ 25,390 $ 93,407 $ 56,406

Basic earnings per share attributable to EZCORP $ 0.80 $ 0.46 $ 1.52 $ 1.03

Diluted earnings per share attributable to EZCORP $ 0.61 $ 0.33 $ 1.17 $ 0.74

Weighted-average basic shares outstanding 61,653 54,965 61,446 54,895

Weighted-average diluted shares outstanding 83,410 83,140 83,354 83,247

EZCORP, Inc.

CONDENSED CONSOLIDATED BALANCE SHEETS

(Unaudited)

(in thousands, except per share amount) March 31, 2026 March 31, 2025 September 30, 2025

Assets:

Current assets:

Cash and cash equivalents $ 354,175 $ 505,239 $ 469,524

Short-term restricted cash 958 9,499 525

Pawn loans 349,368 261,830 307,496

Pawn service charges receivable, net 53,031 42,323 48,733

Inventory, net

275,963 207,783 248,457

Prepaid expenses and other current assets 58,551 40,283 51,221

Total current assets 1,092,046 1,066,957 1,125,956

Investments in unconsolidated affiliates 26,093 13,967 18,123

Other investments 6,883 51,903 51,903

Property and equipment, net 86,894 64,150 75,331

Right-of-use assets 269,742 229,878 236,462

Long-term restricted cash 14,929 — 14,664

Goodwill 473,513 305,239 324,889

Intangible assets, net 124,657 57,079 58,832

Deferred tax asset, net 13,454 25,090 29,455

Other assets, net 18,546 15,365 15,594

Total assets $ 2,126,757 $ 1,829,628 $ 1,951,209

Liabilities and equity:

Current liabilities:

Current maturities of long-term debt, net $ — $ 103,325 $ —

Accounts payable, accrued expenses and other current liabilities 124,185 70,843 105,443

Customer layaway deposits 39,522 31,016 33,901

Operating lease liabilities, current 68,041 58,855 61,228

Total current liabilities 231,748 264,039 200,572

Long-term debt, net 519,001 517,188 518,076

Deferred tax liability, net 2,571 1,818 2,571

Operating lease liabilities 211,956 182,873 184,736

Other long-term liabilities 19,556 12,135 19,769

Total liabilities 984,832 978,053 925,724

Commitments and contingencies

Stockholders’ equity:

Class A Non-Voting Common Stock, par value $0.01 per share; shares authorized: 100,000,000; issued and outstanding: 58,622,115 as of March 31, 2026; 52,043,599 as of March 31, 2025; 57,921,451 as of September 30, 2025 586 520 579

Class B Voting Common Stock, convertible, par value $0.01 per share; shares authorized: 3,000,000; issued and outstanding: 2,970,171 as of March 31, 2026, March 31, 2025 and September 30, 2025 30 30 30

Additional paid-in capital 451,471 347,796 450,892

Retained earnings 703,687 561,211 612,687

Accumulated other comprehensive loss (35,765) (57,982) (38,703)

Total EZCORP equity 1,120,009 851,575 1,025,485

Non-controlling interest 21,916 — —

Total equity 1,141,925 851,575 1,025,485

Total liabilities and equity $ 2,126,757 $ 1,829,628 $ 1,951,209

EZCORP, Inc.

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

(Unaudited)

Six Months Ended

March 31,

(in thousands) 2026 2025

Operating activities:

Net income $ 93,888 $ 56,406

Adjustments to reconcile net income to net cash flows from operating activities:

Depreciation and amortization 18,344 16,355

Amortization of deferred financing costs 925 725

Non-cash lease expense 33,267 28,943

Deferred income taxes (259) 10

Other adjustments (897) (1,241)

Provision for inventory reserve (849) 39

Stock compensation expense 8,534 5,001

Equity in net income from investment in unconsolidated affiliates (2,989) (2,980)

Gain from remeasurement of previously held equity interest (1,596) —

Changes in operating assets and liabilities, net of business acquisitions:

Pawn service charges receivable 1,515 1,547

Inventory (298) (5,390)

Prepaid expenses, other current assets and other assets (19,114) 444

Accounts payable, accrued expenses and other liabilities (47,443) (45,490)

Customer layaway deposits 3,537 9,640

Income taxes 1,044 (1,081)

Net cash provided by operating activities 87,609 62,928

Investing activities:

Loans made (591,148) (484,611)

Loans repaid 351,519 284,095

Recovery of pawn loan principal through sale of forfeited collateral 240,010 198,387

Capital expenditures (17,910) (13,966)

Acquisitions, net of cash acquired (25,640) (79)

Issuance of notes receivable (9,000) —

Investment in unconsolidated affiliate (7,231) (509)

Dividends from unconsolidated affiliates 1,810 1,902

Net cash used in investing activities (57,590) (14,781)

Financing activities:

Taxes paid related to net share settlement of equity awards (6,347) (3,971)

Proceeds from issuance of debt — 300,000

Debt issuance cost — (5,310)

Payments on debt (134,151) —

Purchase and retirement of treasury stock (4,008) (3,997)

Payments of finance leases (543) (266)

Net cash (used in) provided by financing activities (145,049) 286,456

Effect of exchange rate changes on cash and cash equivalents and restricted cash 379 328

Net (decrease) increase in cash, cash equivalents and restricted cash (114,651) 334,931

Cash and cash equivalents and restricted cash at beginning of period 484,713 179,807

Cash and cash equivalents and restricted cash at end of period $ 370,062 $ 514,738

EZCORP, Inc.

OPERATING SEGMENT RESULTS

(Unaudited)

As a result of the acquisition of Founders One, LLC and its subsidiary Simple Management Group, Inc. effective January 2, 2026, the composition of our reportable segments changed beginning in the second quarter of fiscal 2026. SMG is now reported as a standalone reportable segment. Our equity interest in Cash Converters International Limited is now included within Corporate. Prior period segment information has been recast to reclassify Cash Converters equity income and interest income from notes receivable from Founders from the 'Other Investments' segment to Corporate. Because SMG was not a consolidated subsidiary in any prior period presented, no prior period SMG segment results exist.

Three Months Ended March 31, 2026

(in thousands) U.S. Pawn Latin America Pawn SMG Total Segments Corporate Items Consolidated

Revenues:

Merchandise sales $ 127,884 $ 68,762 $ 17,819 $ 214,465 $ — $ 214,465

Jewelry scrap sales 55,490 6,640 19,110 81,240 — 81,240

Pawn service charges 98,770 37,976 14,382 151,128 — 151,128

Other revenues 32 16 — 48 — 48

Total revenues 282,176 113,394 51,311 446,881 — 446,881

Merchandise cost of goods sold 79,647 45,227 11,914 136,788 — 136,788

Jewelry scrap cost of goods sold 32,658 4,137 13,260 50,055 — 50,055

Gross profit 169,871 64,030 26,137 260,038 — 260,038

Segment and corporate expenses (income):

Store expenses 88,982 42,523 16,614 148,119 — 148,119

General and administrative — — — — 34,488 34,488

Depreciation and amortization 2,809 2,733 674 6,216 3,372 9,588

Interest expense — — — — 8,354 8,354

Interest income — — — — (2,587) (2,587)

Equity in net income of unconsolidated affiliates — — — — (1,166) (1,166)

Other (income) expense — (343) 38 (305) (1,939) (2,244)

Segment contribution $ 78,080 $ 19,117 $ 8,811 $ 106,008

Income (loss) before income taxes $ 106,008 $ (40,522) $ 65,486

Three Months Ended March 31, 2025

(in thousands) U.S. Pawn Latin America Pawn Total Segments Corporate Items Consolidated

Revenues:

Merchandise sales $ 116,915 $ 52,552 $ 169,467 $ — $ 169,467

Jewelry scrap sales 16,898 4,040 20,938 — 20,938

Pawn service charges 87,548 28,323 115,871 — 115,871

Other revenues 24 16 40 — 40

Total revenues 221,385 84,931 306,316 — 306,316

Merchandise cost of goods sold 74,772 36,783 111,555 — 111,555

Jewelry scrap cost of goods sold 13,235 3,074 16,309 — 16,309

Gross profit 133,378 45,074 178,452 — 178,452

Segment and corporate expenses (income):

Store expenses 81,718 29,349 111,067 — 111,067

General and administrative — — — 25,100 25,100

Depreciation and amortization 2,682 1,989 4,671 3,349 8,020

Loss on sale or disposal of assets and other 17 — 17 — 17

Interest expense — — — 3,281 3,281

Interest income (a)

— — — (1,875) (1,875)

Equity in net income of unconsolidated affiliates (b)

— — — (1,505) (1,505)

Other (income) expense 4 (137) (133) 68 (65)

Segment contribution $ 48,957 $ 13,873 $ 62,830

Income (loss) before income taxes $ 62,830 $ (28,418) $ 34,412

(a)

Interest income includes $0.6 million of interest income from notes receivable from Founders, which has been recast from the "Other Investments" segment to Corporate to conform to the current period presentation.

(b)

Equity in net income of unconsolidated affiliates includes $1.9 million of equity income from CCV, which has been recast from the "Other Investments" segment to Corporate to conform to the current period presentation.

Six Months Ended March 31, 2026

(in thousands) U.S. Pawn Latin America Pawn SMG Total Segments Corporate Items Consolidated

Revenues:

Merchandise sales $ 266,926 $ 139,867 $ 17,819 $ 424,612 $ — $ 424,612

Jewelry scrap sales 91,005 11,034 19,110 121,149 — 121,149

Pawn service charges 193,944 74,719 14,382 283,045 — 283,045

Other revenues 61 33 — 94 — 94

Total revenues 551,936 225,653 51,311 828,900 — 828,900

Merchandise cost of goods sold 165,334 92,296 11,914 269,544 — 269,544

Jewelry scrap cost of goods sold 56,022 7,070 13,260 76,352 — 76,352

Gross profit 330,580 126,287 26,137 483,004 — 483,004

Segment and corporate expenses (income):

Store expenses 176,148 82,129 16,614 274,891 — 274,891

General and administrative — — — — 61,231 61,231

Depreciation and amortization 5,532 5,268 674 11,474 6,870 18,344

Loss on sale or disposal of assets and other 87 — — 87 — 87

Interest expense — — — — 16,520 16,520

Interest income (c)

— — — — (7,401) (7,401)

Equity in net income of unconsolidated affiliates (d)

— — — — (2,989) (2,989)

Other (income) expense — (366) 38 (328) (2,008) (2,336)

Segment contribution $ 148,813 $ 39,256 $ 8,811 $ 196,880

Income (loss) before income taxes $ 196,880 $ (72,223) $ 124,657

(c)

Interest income includes $1.0 million of interest income from notes receivable from Founders recorded in the first quarter of fiscal 2026, which has been recast from the "Other Investments" segment to Corporate to conform to the current period presentation.

(d)

Equity in net income of unconsolidated affiliates includes $1.8 million of equity income from CCV recorded in the first quarter of fiscal 2026, which has been recast from the "Other Investments" segment to Corporate to conform to the current period presentation.

Six Months Ended March 31, 2025

(in thousands) U.S. Pawn Latin America Pawn Total Segments Corporate Items Consolidated

Revenues:

Merchandise sales $ 245,715 $ 110,095 $ 355,810 $ — $ 355,810

Jewelry scrap sales 32,396 5,274 37,670 — 37,670

Pawn service charges 175,424 57,499 232,923 — 232,923

Other revenues 51 32 83 — 83

Total revenues 453,586 172,900 626,486 — 626,486

Merchandise cost of goods sold 156,328 77,051 233,379 — 233,379

Jewelry scrap cost of goods sold 25,203 4,048 29,251 — 29,251

Gross profit 272,055 91,801 363,856 — 363,856

Segment and corporate expenses (income):

Store expenses 163,199 58,804 222,003 — 222,003

General and administrative — — — 49,284 49,284

Depreciation and amortization 5,399 4,035 9,434 6,921 16,355

Loss on sale or disposal of assets and other 17 8 25 — 25

Interest expense — — — 6,428 6,428

Interest income (e)

— — — (3,968) (3,968)

Equity in net income of unconsolidated affiliates (f)

— — — (2,980) (2,980)

Other (income) expense (7) (208) (215) 1,128 913

Segment contribution $ 103,447 $ 29,162 $ 132,609

Income (loss) before income taxes $ 132,609 $ (56,813) $ 75,796

(e)

Interest income includes $1.2 million of interest income from notes receivable from Founders, which has been recast from the "Other Investments" segment to Corporate to conform to the current period presentation.

(f)

Equity in net income of unconsolidated affiliates includes $3.5 million of equity income from CCV, which has been recast from the "Other Investments" segment to Corporate to conform to the current period presentation.

EZCORP, Inc.

STORE COUNT ACTIVITY

(Unaudited)

Six Months Ended March 31, 2026

U.S. Pawn Latin America Pawn SMG Consolidated

As of September 30, 2025 545 815 — 1,360

New locations opened — 7 — 7

Locations acquired 3 14 — 17

Locations combined or closed (1) — — (1)

As of December 31, 2025 547 836 — 1,383

New locations opened — 4 2 6

Locations acquired 12 — 105 117

As of March 31, 2026 559 840 107 1,506

Six Months Ended March 31, 2025

U.S. Pawn Latin America Pawn Consolidated

As of September 30, 2024 542 737 1,279

New locations opened — 4 4

As of December 31, 2024 542 741 1,283

New locations opened — 9 9

Locations acquired — 1 1

Locations combined or closed — (9) (9)

As of March 31, 2025 542 742 1,284

Non-GAAP Financial Information (Unaudited)

In addition to the financial information prepared in conformity with accounting U.S. generally accepted accounting principles (“GAAP”), we provide certain other non-GAAP financial information on a constant currency (“constant currency”) and adjusted basis. We use constant currency results to evaluate our Latin America Pawn operations, which are denominated primarily in Mexican pesos, Guatemalan quetzales and other Latin American currencies. We believe that presentation of constant currency and adjusted results is meaningful and useful in understanding the activities and business metrics of our operations and reflects an additional way of viewing aspects of our business that, when viewed with GAAP results, provides a more complete understanding of factors and trends affecting our business. We provide non-GAAP financial information for informational purposes and to enhance understanding of our GAAP consolidated financial statements. We use this non-GAAP financial information primarily to evaluate and compare operating results across accounting periods.

Constant currency results reported herein are calculated by translating consolidated balance sheet and consolidated statement of operations items denominated in local currency to U.S. dollars using the exchange rate from the prior-year comparable period, as opposed to the current period, in order to exclude the effects of foreign currency rate fluctuations. In addition, we have an equity method investment that is denominated in Australian dollars and is translated into U.S. dollars. We used the end-of-period rate for balance sheet items and the average closing daily exchange rate on a monthly basis during the appropriate period for statement of operations items. The end-of-period and approximate average exchange rates for each applicable currency as compared to U.S. dollars as of and for the three and six months ended March 31, 2026 and 2025 were as follows:

March 31, Three Months Ended

March 31, Six Months Ended

March 31,

2026 2025 2026 2025 2026 2025

Mexican peso 18.0 20.4 17.6 20.4 17.9 20.3

Guatemalan quetzal 7.5 7.6 7.5 7.6 7.5 7.5

Honduran lempira 26.3 25.2 26.2 25.2 26.1 25.0

Australian dollar 1.5 1.6 1.4 1.6 1.5 1.6

Our statement of operations constant currency results reflect the monthly exchange rate fluctuations and so are not directly calculable from the above rates. Constant currency results, where presented, also exclude the foreign currency gain or loss.

Miscellaneous Non-GAAP Financial Measures

Three Months Ended

March 31,

2026 2025

Consolidated net income $ 49.6 $ 25.4

Interest expense 8.4 3.3

Interest income (2.6) (1.9)

Income tax expense 15.9 9.0

Depreciation and amortization 9.6 8.0

EBITDA $ 80.8 $ 43.8

Total Revenues Gross Profit Income Before Tax Tax Effect Consolidated Net Income Diluted EPS EBITDA

2026 Q2 Reported $ 446.9 $ 260.0 $ 65.5 $ 15.9 $ 49.6 $ 0.61 $ 80.8

Founders fair value adjustment — — (1.6) (0.4) (1.2) (0.01) (1.6)

Corporate lease termination — — (0.6) (0.2) (0.4) (0.01) (0.6)

Non-recurring foreign tax expense — — 0.1 (0.1) 0.2 — 0.1

FX impact — — (0.4) (0.1) (0.3) — (0.4)

Constant Currency (12.0) (6.6) (1.2) (0.3) (0.9) (0.01) (1.4)

2026 Q2 Adjusted $ 434.9 $ 253.4 $ 61.8 $ 14.8 $ 47.0 $ 0.58 $ 76.9

Total Revenues Gross Profit Income Before Tax Tax Effect Consolidated Net Income Diluted EPS EBITDA

2025 Q2 Reported $ 306.3 $ 178.5 $ 34.4 $ 9.0 $ 25.4 $ 0.33 $ 43.8

FX impact — — (0.1) — (0.1) — —

2025 Q2 Adjusted $ 306.3 $ 178.5 $ 34.3 $ 9.0 $ 25.3 $ 0.33 $ 43.8

Three Months Ended

March 31, 2026 Six Months Ended

March 31, 2026

(in millions) U.S. Dollar Amount Percentage Change YOY U.S. Dollar Amount Percentage Change YOY

Consolidated revenues $ 446.9 46 % $ 828.9 32 %

Currency exchange rate fluctuations (12.0) (19.5)

Constant currency consolidated revenues $ 434.9 42 % $ 809.4 29 %

Consolidated gross profit $ 260.0 46 % $ 483.0 33 %

Currency exchange rate fluctuations (6.6) (10.7)

Constant currency consolidated gross profit $ 253.4 42 % $ 472.3 30 %

Consolidated net inventory $ 276.0 33 % $ 276.0 33 %

Currency exchange rate fluctuations (5.5) (5.5)

Constant currency consolidated net inventory $ 270.5 30 % $ 270.5 30 %

Latin America Pawn gross profit $ 64.0 42 % $ 126.3 38 %

Currency exchange rate fluctuations (6.6) (10.8)

Constant currency Latin America Pawn gross profit $ 57.4 27 % $ 115.5 26 %

Latin America Pawn PLO $ 86.3 38 % $ 86.3 38 %

Currency exchange rate fluctuations (7.3) (7.3)

Constant currency Latin America Pawn PLO $ 79.0 27 % $ 79.0 27 %

Latin America Pawn PSC revenues $ 38.0 34 % $ 74.7 30 %

Currency exchange rate fluctuations (3.8) (6.1)

Constant currency Latin America Pawn PSC revenues $ 34.2 21 % $ 68.6 19 %

Latin America Pawn merchandise sales $ 68.8 31 % $ 139.9 27 %

Currency exchange rate fluctuations (7.4) (12.3)

Constant currency Latin America Pawn merchandise sales $ 61.4 17 % $ 127.6 16 %

Latin America Pawn segment profit before tax $ 19.1 38 % $ 39.3 35 %

Currency exchange rate fluctuations (2.0) (3.2)

Constant currency Latin America Pawn segment profit before tax $ 17.1 24 % $ 36.1 24 %

GRAPHIC

Filename: fy2014q1ezcorpa01a04a56.jpg · Sequence: 6

Binary file (21516 bytes)

Download fy2014q1ezcorpa01a04a56.jpg

XML — IDEA: XBRL DOCUMENT

XML

Filename: R1.htm · Sequence: 8

v3.26.1

Cover Page

May 06, 2026

Cover [Abstract]

Document Type

8-K

Document Period End Date

May 06, 2026

Entity Registrant Name

EZCORP, Inc.

Entity Incorporation, State or Country Code

Entity File Number

0-19424

Entity Tax Identification Number

74-2540145

Entity Address, Address Line One

2500 Bee Cave Road

Entity Address, Address Line Two

Bldg One

Entity Address, Address Line Three

Suite 200

Entity Address, City or Town

Rollingwood

Entity Address, State or Province

Entity Address, Postal Zip Code

78746

City Area Code

512

Local Phone Number

314-3400

Written Communications

false

Soliciting Material

false

Pre-commencement Tender Offer

false

Pre-commencement Issuer Tender Offer

false

Title of 12(b) Security

Class A Non-voting Common Stock, par value $.01 per share

Trading Symbol

EZPW

Security Exchange Name

NASDAQ

Entity Emerging Growth Company

false

Amendment Flag

false

Entity Central Index Key

0000876523

- Definition

Boolean flag that is true when the XBRL content amends previously-filed or accepted submission.

+ References

No definition available.

+ Details

Name:

dei_AmendmentFlag

Namespace Prefix:

dei_

Data Type:

xbrli:booleanItemType

Balance Type:

Period Type:

duration

- Definition

Area code of city

+ References

No definition available.

+ Details

Name:

dei_CityAreaCode

Namespace Prefix:

dei_

Data Type:

xbrli:normalizedStringItemType

Balance Type:

Period Type:

duration

- Definition

Cover page.

+ References

No definition available.

+ Details

Name:

dei_CoverAbstract

Namespace Prefix:

dei_

Data Type:

xbrli:stringItemType

Balance Type:

Period Type:

duration

- Definition

For the EDGAR submission types of Form 8-K: the date of the report, the date of the earliest event reported; for the EDGAR submission types of Form N-1A: the filing date; for all other submission types: the end of the reporting or transition period. The format of the date is YYYY-MM-DD.

+ References

No definition available.

+ Details

Name:

dei_DocumentPeriodEndDate

Namespace Prefix:

dei_

Data Type:

xbrli:dateItemType

Balance Type:

Period Type:

duration

- Definition

The type of document being provided (such as 10-K, 10-Q, 485BPOS, etc). The document type is limited to the same value as the supporting SEC submission type, or the word 'Other'.

+ References

No definition available.

+ Details

Name:

dei_DocumentType

Namespace Prefix:

dei_

Data Type:

dei:submissionTypeItemType

Balance Type:

Period Type:

duration

- Definition

Address Line 1 such as Attn, Building Name, Street Name

+ References

No definition available.

+ Details

Name:

dei_EntityAddressAddressLine1

Namespace Prefix:

dei_

Data Type:

xbrli:normalizedStringItemType

Balance Type:

Period Type:

duration

- Definition

Address Line 2 such as Street or Suite number

+ References

No definition available.

+ Details

Name:

dei_EntityAddressAddressLine2

Namespace Prefix:

dei_

Data Type:

xbrli:normalizedStringItemType

Balance Type:

Period Type:

duration

- Definition

Address Line 3 such as an Office Park

+ References

No definition available.

+ Details

Name:

dei_EntityAddressAddressLine3

Namespace Prefix:

dei_

Data Type:

xbrli:normalizedStringItemType

Balance Type:

Period Type:

duration

- Definition

Name of the City or Town

+ References

No definition available.

+ Details

Name:

dei_EntityAddressCityOrTown

Namespace Prefix:

dei_

Data Type:

xbrli:normalizedStringItemType

Balance Type:

Period Type:

duration

- Definition

Code for the postal or zip code

+ References

No definition available.

+ Details

Name:

dei_EntityAddressPostalZipCode

Namespace Prefix:

dei_

Data Type:

xbrli:normalizedStringItemType

Balance Type:

Period Type:

duration

- Definition

Name of the state or province.

+ References

No definition available.

+ Details

Name:

dei_EntityAddressStateOrProvince

Namespace Prefix:

dei_

Data Type:

dei:stateOrProvinceItemType

Balance Type:

Period Type:

duration

- Definition

A unique 10-digit SEC-issued value to identify entities that have filed disclosures with the SEC. It is commonly abbreviated as CIK.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection b-2

+ Details

Name:

dei_EntityCentralIndexKey

Namespace Prefix:

dei_

Data Type:

dei:centralIndexKeyItemType

Balance Type:

Period Type:

duration

- Definition

Indicate if registrant meets the emerging growth company criteria.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection b-2

+ Details

Name:

dei_EntityEmergingGrowthCompany

Namespace Prefix:

dei_

Data Type:

xbrli:booleanItemType

Balance Type:

Period Type:

duration

- Definition

Commission file number. The field allows up to 17 characters. The prefix may contain 1-3 digits, the sequence number may contain 1-8 digits, the optional suffix may contain 1-4 characters, and the fields are separated with a hyphen.

+ References

No definition available.

+ Details

Name:

dei_EntityFileNumber

Namespace Prefix:

dei_

Data Type:

dei:fileNumberItemType

Balance Type:

Period Type:

duration

- Definition

Two-character EDGAR code representing the state or country of incorporation.

+ References

No definition available.

+ Details

Name:

dei_EntityIncorporationStateCountryCode

Namespace Prefix:

dei_

Data Type:

dei:edgarStateCountryItemType

Balance Type:

Period Type:

duration

- Definition

The exact name of the entity filing the report as specified in its charter, which is required by forms filed with the SEC.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection b-2

+ Details

Name:

dei_EntityRegistrantName

Namespace Prefix:

dei_

Data Type:

xbrli:normalizedStringItemType

Balance Type:

Period Type:

duration

- Definition

The Tax Identification Number (TIN), also known as an Employer Identification Number (EIN), is a unique 9-digit value assigned by the IRS.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection b-2

+ Details

Name:

dei_EntityTaxIdentificationNumber

Namespace Prefix:

dei_

Data Type:

dei:employerIdItemType

Balance Type:

Period Type:

duration

- Definition

Local phone number for entity.

+ References

No definition available.

+ Details

Name:

dei_LocalPhoneNumber

Namespace Prefix:

dei_

Data Type:

xbrli:normalizedStringItemType

Balance Type:

Period Type:

duration

- Definition

Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 13e

-Subsection 4c

+ Details

Name:

dei_PreCommencementIssuerTenderOffer

Namespace Prefix:

dei_

Data Type:

xbrli:booleanItemType

Balance Type:

Period Type:

duration

- Definition

Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 14d

-Subsection 2b

+ Details

Name:

dei_PreCommencementTenderOffer

Namespace Prefix:

dei_

Data Type:

xbrli:booleanItemType

Balance Type:

Period Type:

duration

- Definition

Title of a 12(b) registered security.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection b

+ Details

Name:

dei_Security12bTitle

Namespace Prefix:

dei_

Data Type:

dei:securityTitleItemType

Balance Type:

Period Type:

duration

- Definition

Name of the Exchange on which a security is registered.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection d1-1

+ Details

Name:

dei_SecurityExchangeName

Namespace Prefix:

dei_

Data Type:

dei:edgarExchangeCodeItemType

Balance Type:

Period Type:

duration

- Definition

Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as soliciting material pursuant to Rule 14a-12 under the Exchange Act.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 14a

-Subsection 12

+ Details

Name:

dei_SolicitingMaterial

Namespace Prefix:

dei_

Data Type:

xbrli:booleanItemType

Balance Type:

Period Type:

duration

- Definition

Trading symbol of an instrument as listed on an exchange.

+ References

No definition available.

+ Details

Name:

dei_TradingSymbol

Namespace Prefix:

dei_

Data Type:

dei:tradingSymbolItemType

Balance Type:

Period Type:

duration

- Definition

Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as written communications pursuant to Rule 425 under the Securities Act.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Securities Act

-Number 230

-Section 425

+ Details

Name:

dei_WrittenCommunications

Namespace Prefix:

dei_

Data Type:

xbrli:booleanItemType

Balance Type:

Period Type:

duration