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ACCOUNTS RECEIVABLE AND AGENT ADVANCES RECEIVABLE, NET OF ALLOWANCE
 12 Months Ended
Dec. 31, 2025
Receivables [Abstract]  
ACCOUNTS RECEIVABLE AND AGENT ADVANCES RECEIVABLE, NET OF ALLOWANCE ACCOUNTS RECEIVABLE AND AGENT ADVANCES RECEIVABLE, NET OF ALLOWANCE
Accounts Receivable

Accounts receivable represents primarily outstanding balances from sending agents for pending wire transfers or money orders from our customers. The outstanding balance of accounts receivable, net of allowance for credit losses, consists of the following (in thousands):

December 31,
20252024
Accounts receivable$110,899 $110,623 
Allowance for credit losses(5,530)(3,546)
Accounts receivable, net$105,369 $107,077 

Agent Advances Receivable

The Company had agent advances receivable, net of allowance for credit losses, from sending agents as follows (in thousands):

December 31,
20252024
Agent advances receivable, current$2,001 $2,260 
Allowance for credit losses(203)(173)
Net current$1,798 $2,087 
Agent advances receivable, long-term$2,960 $2,315 
Allowance for credit losses(264)(117)
Net long-term$2,696 $2,198 

The net current portion of agent advances receivable is included in prepaid expenses and other current assets (see Note 6), and the net long-term portion is included in other assets (see Note 6) in the consolidated balance sheets. At December 31, 2025 and 2024, there were $5.0 million and $4.6 million, respectively, of agent advances receivable collateralized by personal guarantees from the sending agents and assets from their businesses in case of a default by the agent.

The maturities of agent advances receivable at December 31, 2025 are as follows (in thousands):
Outstanding
Balance
Under 1 year$2,001 
Between 1 and 2 years1,886 
Between 2 and 3 years1,074 
Total$4,961 

Allowance for Credit Losses

The changes in the allowance for credit losses related to accounts receivable and agent advances receivable are as follows (in thousands):

Year Ended December 31,
202520242023
Beginning balance$3,836 $2,794 $2,648 
Provision7,916 6,411 4,997 
Charge-offs(7,705)(6,248)(5,852)
Recoveries1,597 1,174 987 
Other353 (295)14 
Ending Balance$5,997 $3,836 $2,794 
The allowance for credit losses allocated by financial instrument category is as follows (in thousands):

December 31,
202520242023
Accounts receivable$5,530 $3,546 $2,610 
Agent advances receivable467 290 184 
Allowance for credit losses$5,997 $3,836 $2,794