v3.25.2
Segment Information
 9 Months Ended
Jun. 30, 2025
Segment Reporting [Abstract]  
Segment Information
NOTE 11: SEGMENT INFORMATION
Our operations are primarily managed on a geographical basis and are comprised of three reportable segments. The factors for determining our reportable segments include the manner in which our chief operating decision maker evaluates performance for purposes of allocating resources and assessing performance.
We currently report our segments as follows:
•U.S. Pawn — all pawn activities in the United States;
•Latin America Pawn — all pawn activities in Mexico and other parts of Latin America; and
•Other Investments — primarily our equity interest in Cash Converters and our investment in and notes receivable from Founders.
There are no inter-segment revenues presented below, and the amounts below were determined in accordance with the same accounting principles used in our condensed consolidated financial statements.
The following income (loss) before income taxes tables present revenues for each reportable segment, disaggregated revenues within our reportable segments and Corporate, segment profits and segment contribution.
 
Three Months Ended June 30, 2025
(in thousands)U.S. PawnLatin America PawnOther InvestmentsTotal SegmentsCorporate ItemsConsolidated
Revenues:
Merchandise sales$112,249 $56,375 $— $168,624 $— $168,624 
Jewelry scrapping sales23,750 3,220 — 26,970 — 26,970 
Pawn service charges83,930 31,409 — 115,339 — 115,339 
Other revenues31 17 — 48 — 48 
Total revenues219,960 91,021 — 310,981 — 310,981 
Merchandise cost of goods sold69,084 39,142 — 108,226 — 108,226 
Jewelry scrapping cost of goods sold16,814 2,302 — 19,116 — 19,116 
Gross profit134,062 49,577 — 183,639 — 183,639 
Segment and corporate expenses (income):
Store expenses83,778 35,345 — 119,123 — 119,123 
General and administrative— — — — 21,780 21,780 
Depreciation and amortization2,651 2,156 — 4,807 3,196 8,003 
Other operating income— — — — (1,262)(1,262)
Interest expense— 71 — 71 8,387 8,458 
Interest income— (427)(604)(1,031)(4,409)(5,440)
Equity in net (income) loss of unconsolidated affiliates— — (1,409)(1,409)209 (1,200)
Other expense (income) — (12)— (12)(524)(536)
Segment contribution$47,633 $12,444 $2,013 $62,090 
Income (loss) before income taxes$62,090 $(27,377)$34,713 
 
Three Months Ended June 30, 2024
(in thousands)U.S. PawnLatin America PawnOther InvestmentsTotal SegmentsCorporate ItemsConsolidated
Revenues:
Merchandise sales$107,849 $50,291 $— $158,140 $— $158,140 
Jewelry scrapping sales13,757 1,638 — 15,395 — 15,395 
Pawn service charges77,416 30,414 — 107,830 — 107,830 
Other revenues28 28 — 56 — 56 
Total revenues199,050 82,371 — 281,421 — 281,421 
Merchandise cost of goods sold67,229 33,982 — 101,211 — 101,211 
Jewelry scrapping cost of goods sold11,887 1,596 — 13,483 — 13,483 
Gross profit119,934 46,793 — 166,727 — 166,727 
Segment and corporate expenses (income):
Store expenses81,441 34,894 — 116,335 — 116,335 
General and administrative— — — — 20,060 20,060 
Depreciation and amortization2,408 2,090 — 4,498 3,660 8,158 
(Gain) loss on sale or disposal of assets and other(2)22 — 20 — 20 
Interest expense— — — — 3,539 3,539 
Interest income— (370)(605)(975)(1,956)(2,931)
Equity in net (income) loss of unconsolidated affiliates— — (1,406)(1,406)143 (1,263)
Other (income) expense— (184)12 (172)(19)(191)
Segment contribution$36,087 $10,341 $1,999 $48,427 
Income (loss) before income taxes$48,427 $(25,427)$23,000 
 
Nine Months Ended June 30, 2025
(in thousands)U.S. PawnLatin America PawnOther InvestmentsTotal SegmentsCorporate ItemsConsolidated
Revenues:
Merchandise sales$357,964 $166,470 $— $524,434 $— $524,434 
Jewelry scrapping sales56,146 8,494 — 64,640 — 64,640 
Pawn service charges259,354 88,908 — 348,262 — 348,262 
Other revenues82 49 — 131 — 131 
Total revenues673,546 263,921 — 937,467 — 937,467 
Merchandise cost of goods sold225,412 116,193 — 341,605 — 341,605 
Jewelry scrapping cost of goods sold42,017 6,350 — 48,367 — 48,367 
Gross profit406,117 141,378 — 547,495 — 547,495 
Segment and corporate expenses (income):
Store expenses250,399 101,702 — 352,101 — 352,101 
General and administrative— — — — 60,089 60,089 
Depreciation and amortization8,050 6,191 — 14,241 10,117 24,358 
Loss on sale or disposal of assets and other17 8 — 25 — 25 
Other operating income— — — — (1,262)(1,262)
Interest expense— 71 — 71 14,815 14,886 
Interest income— (966)(1,803)(2,769)(6,639)(9,408)
Equity in net (income) loss of unconsolidated affiliates— — (4,898)(4,898)718 (4,180)
Other expense (income)(7)(220)— (227)604 377 
Segment contribution$147,658 $34,592 $6,701 $188,951 
Income (loss) before income taxes$188,951 $(78,442)$110,509 
    
 
Nine Months Ended June 30, 2024
(in thousands)U.S. PawnLatin America PawnOther InvestmentsTotal SegmentsCorporate ItemsConsolidated
Revenues:
Merchandise sales$348,211 $154,019 $— $502,230 $— $502,230 
Jewelry scrapping sales39,258 3,933 — 43,191 — 43,191 
Pawn service charges236,499 84,943 — 321,442 — 321,442 
Other revenues94 59 35 188 — 188 
Total revenues624,062 242,954 35 867,051 — 867,051 
Merchandise cost of goods sold218,736 103,944 — 322,680 — 322,680 
Jewelry scrapping cost of goods sold33,965 3,514 — 37,479 — 37,479 
Gross profit371,361 135,496 35 506,892 — 506,892 
Segment and corporate expenses (income):
Store expenses239,536 101,936 — 341,472 — 341,472 
General and administrative— — — — 54,869 54,869 
Depreciation and amortization7,548 6,821 — 14,369 10,573 24,942 
(Gain) loss on sale or disposal of assets and other(6)(240)— (246)97 (149)
Other operating income— — — — (765)(765)
Interest expense— — — — 10,381 10,381 
Interest income— (1,398)(1,811)(3,209)(5,243)(8,452)
Equity in net (income) loss of unconsolidated affiliates— — (4,278)(4,278)143 (4,135)
Other (income) expense — (231)27 (204)(423)(627)
Segment contribution$124,283 $28,608 $6,097 $158,988 
Income (loss) before income taxes$158,988 $(69,632)$89,356 
The following table presents separately identified segment assets:
(in thousands)U.S. PawnLatin America Pawn
Other
Investments
Corporate ItemsTotal
As of June 30, 2025
Pawn loans$221,059 $70,575 $— $— $291,634 
Pawn service charges receivable, net39,132 6,278 — — 45,410 
Inventory, net166,374 59,115 — — 225,489 
Total assets1,348,466 367,625 81,649 85,328 1,883,068 
As of June 30, 2024
Pawn loans$199,277 $62,443 $— $— $261,720 
Pawn service charges receivable, net35,489 5,149 — — 40,638 
Inventory, net121,941 49,996 — — 171,937 
Total assets1,030,571 317,888 78,136 83,568 1,510,163 
As of September 30, 2024
Pawn loans$214,306 $59,778 $— $— $274,084 
Pawn service charges receivable, net39,194 4,819 — — 44,013 
Inventory, net138,624 53,299 — — 191,923 
Total assets1,009,226 311,824 79,421 92,766 1,493,237