v3.26.1
Allowance for Credit Losses and Credit Quality Information (Tables)
 12 Months Ended
Mar. 31, 2026
Receivables [Abstract]  
Schedule of Gross Loan
The following table sets forth information about our loan products for fiscal 2026:
Minimum OriginationMaximum OriginationMinimum Term
(Months)		Maximum Term
(Months)
Small loans$150 $2,450 330
Large loans2,500 25,200 660
Tax advance loans500 7,000 835


Gross loans receivable at March 31, 2026 and 2025 consisted of the following:
20262025
Small loans$700,310,192 $626,775,511 
Large loans572,155,010 594,490,890 
Tax advance loans6,523,121 4,369,517 
Total gross loans$1,278,988,323 $1,225,635,918 
The following is a summary of gross loans receivable by Customer Tenure as of:
Customer TenureMarch 31, 2026March 31, 2025
0 to 5 months$108,089,995 $101,878,703 
6 to 17 months104,523,602 75,379,597 
18 to 35 months97,146,489 99,857,401 
36 to 59 months133,394,010 130,228,889 
60+ months829,311,106 813,921,811 
Tax advance loans6,523,121 4,369,517 
Total gross loans$1,278,988,323 $1,225,635,918 
The following table presents unpaid accrued interest reversed against interest income by Customer Tenure for the years ended March 31, 2026, 2025 and 2024:

Unpaid Accrued Interest Reversed Against Interest Income
202620252024
Customer Tenure
0 to 5 months$(7,813,423)$(5,983,271)$(5,337,474)
6 to 17 months(3,691,985)(2,960,850)(3,251,451)
18 to 35 months(2,421,881)(3,025,057)(3,382,070)
36 to 59 months(2,626,135)(3,272,098)(4,056,209)
60+ months(12,573,769)(12,138,391)(10,494,632)
Total$(29,127,193)$(27,379,667)$(26,521,836)
Schedule of Assessment of The Credit Quality
The following tables provide a breakdown of the Company’s gross loans receivable by current payment performance on a recency basis and year of origination at March 31, 2026:
Term Loans By Origination
LoansUp to
1
Year Ago		Between
1 and 2
Years Ago		Between
2 and 3
Years Ago		Between
3 and 4
Years Ago		Between
4 and 5
Years Ago		More than
5
Years Ago		Total
Current$1,127,601,886 $34,721,317 $3,214,393 $271,979 $16,929 $4,306 $1,165,830,810 
30 - 60 days past due32,414,245 2,327,865 307,145 44,766 1,155 106 35,095,282 
61 - 90 days past due24,701,069 1,229,685 164,722 22,825 — — 26,118,301 
91 or more days past due41,956,966 3,125,165 295,854 40,349 2,475 — 45,420,809 
Total$1,226,674,166 $41,404,032 $3,982,114 $379,919 $20,559 $4,412 $1,272,465,202 
Term Loans By Origination
Tax advance loansUp to
1
Year Ago		Between
1 and 2
Years Ago		Between
2 and 3
Years Ago		Between
3 and 4
Years Ago		Between
4 and 5
Years Ago		More than
5
Years Ago		Total
Current$4,238,000 $73,048 $4,473 $— $— $— $4,315,521 
30 - 60 days past due2,095,947 20,070 2,943 — — — 2,118,960 
61 - 90 days past due— 35,112 285 — — — 35,397 
91 or more days past due— 48,493 4,750 — — — 53,243 
Total$6,333,947 $176,723 $12,451 $— $— $— $6,523,121 
Total gross loans$1,278,988,323 

The following tables provide a breakdown of the Company’s gross loans receivable by current payment performance on a recency basis and year of origination at March 31, 2025:
Term Loans By Origination
LoansUp to
1
Year Ago		Between
1 and 2
Years Ago		Between
2 and 3
Years Ago		Between
3 and 4
Years Ago		Between
4 and 5
Years Ago		More than
5
Years Ago		Total
Current$1,053,793,007 $50,053,899 $4,842,323 $251,689 $9,764 $3,256 $1,108,953,938 
30 - 60 days past due34,713,638 3,762,456 510,626 70,739 3,765 6,865 39,068,089 
61 - 90 days past due25,209,122 2,176,520 202,706 43,404 1,606 — 27,633,358 
91 or more days past due40,846,872 4,315,756 359,135 80,844 2,352 6,057 45,611,016 
Total$1,154,562,639 $60,308,631 $5,914,790 $446,676 $17,487 $16,178 $1,221,266,401 
Term Loans By Origination
Tax advance loansUp to
1
Year Ago		Between
1 and 2
Years Ago		Between
2 and 3
Years Ago		Between
3 and 4
Years Ago		Between
4 and 5
Years Ago		More than
5
Years Ago		Total
Current$2,634,949 $137,685 $— $— $— $— $2,772,634 
30 - 60 days past due1,477,466 26,980 — — — — 1,504,446 
61 - 90 days past due— 22,376 — — — — 22,376 
91 or more days past due— 70,061 — — — — 70,061 
Total$4,112,415 $257,102 $— $— $— $— $4,369,517 
Total gross loans$1,225,635,918 

The following tables provide a breakdown of the Company’s gross loans receivable by current payment performance on a contractual basis and year of origination at March 31, 2026:
Term Loans By Origination
LoansUp to
1
Year Ago		Between
1 and 2
Years Ago		Between
2 and 3
Years Ago		Between
3 and 4
Years Ago		Between
4 and 5
Years Ago		More than
5
Years Ago		Total
Current$1,113,361,113 $30,581,625 $2,504,198 $123,269 $302 $741 $1,146,571,248 
30 - 60 days past due33,975,944 1,607,055 169,179 6,468 — — 35,758,646 
61 - 90 days past due28,838,884 1,499,648 118,562 9,612 — — 30,466,706 
91 or more days past due50,498,225 7,715,704 1,190,175 240,570 20,257 3,671 59,668,602 
Total$1,226,674,166 $41,404,032 $3,982,114 $379,919 $20,559 $4,412 $1,272,465,202 
Term Loans By Origination
Tax advance loansUp to
1
Year Ago		Between
1 and 2
Years Ago		Between
2 and 3
Years Ago		Between
3 and 4
Years Ago		Between
4 and 5
Years Ago		More than
5
Years Ago		Total
Current$4,238,000 $50,631 $582 $— $— $— $4,289,213 
30 - 60 days past due2,095,947 10,633 4,321 — — — 2,110,901 
61 - 90 days past due— 20,032 285 — — — 20,317 
91 or more days past due— 95,427 7,263 — — — 102,690 
Total$6,333,947 $176,723 $12,451 $— $— $— $6,523,121 
Total gross loans$1,278,988,323 

The following tables provide a breakdown of the Company’s gross loans receivable by current payment performance on a contractual basis and year of origination at March 31, 2025:
Term Loans By Origination
LoansUp to
1
Year Ago		Between
1 and 2
Years Ago		Between
2 and 3
Years Ago		Between
3 and 4
Years Ago		Between
4 and 5
Years Ago		More than
5
Years Ago		Total
Current$1,036,242,539 $43,391,314 $3,580,872 $112,427 $1,559 $— $1,083,328,711 
30 - 60 days past due38,559,638 3,062,579 231,471 20,496 — — 41,874,184 
61 - 90 days past due30,254,181 2,750,211 235,759 11,600 — — 33,251,751 
91 or more days past due49,506,281 11,104,527 1,866,688 302,153 15,928 16,178 62,811,755 
Total$1,154,562,639 $60,308,631 $5,914,790 $446,676 $17,487 $16,178 $1,221,266,401 
Term Loans By Origination
Tax advance loansUp to
1
Year Ago		Between
1 and 2
Years Ago		Between
2 and 3
Years Ago		Between
3 and 4
Years Ago		Between
4 and 5
Years Ago		More than
5
Years Ago		Total
Current$2,634,950 $111,585 $— $— $— $— $2,746,535 
30 - 60 days past due1,477,465 15,502 — — — — 1,492,967 
61 - 90 days past due— 19,812 — — — — 19,812 
91 or more days past due— 110,203 — — — — 110,203 
Total$4,112,415 $257,102 $— $— $— $— $4,369,517 
Total gross loans$1,225,635,918 

The following table provides a breakdown of the Company’s gross charge-offs by fiscal year of origination for the years ended March 31, 2026, 2025 and 2024:
2026
Gross Charge-offs by Origination
Origination YearLoansTax advance loansTotal
2021 and prior$12,812 $— $12,812 
2022145,042 — 145,042 
2023710,316 — 710,316 
20247,561,145 183,060 7,744,205 
2025115,991,453 2,204,039 118,195,492 
202671,205,614 — 71,205,614 
Total$195,626,382 $2,387,099 $198,013,481 
2025
Gross Charge-offs by Origination
Origination YearLoansTax advance loansTotal
2020 and prior$25,437 $— $25,437 
202129,714 — 29,714 
2022797,055 — 797,055 
20239,372,562 235 9,372,797 
2024113,281,140 3,774,832 117,055,972 
202563,515,257 — 63,515,257 
Total$187,021,165 $3,775,067 $190,796,232 
​

2024
Gross Charge-offs by Origination
Origination YearLoansTax advance loansTotal
2019 and prior$17,352 $— $17,352 
202053,791 — 53,791 
2021301,162 — 301,162 
202211,095,208 5,197 11,100,405 
2023132,745,783 1,287,512 134,033,295 
202465,038,754 — 65,038,754 
Total$209,252,050 $1,292,709 $210,544,759 
​
Schedule of Past Due Receivables
The following table is an aging analysis on a recency basis at amortized cost of the Company’s gross loans receivable at March 31, 2026:
Days Past Due - Recency Basis
Customer TenureCurrent30 - 6061 - 90Over 90Total Past DueTotal Loans
0 to 5 months$79,597,251 $6,963,212 $7,202,639 $14,326,893 $28,492,744 $108,089,995 
6 to 17 months92,236,929 3,899,186 3,151,558 5,235,929 12,286,673 104,523,602 
18 to 35 months88,974,357 2,845,603 1,934,535 3,391,994 8,172,132 97,146,489 
36 to 59 months123,630,020 3,483,203 2,296,557 3,984,230 9,763,990 133,394,010 
60+ months781,392,253 17,904,078 11,533,012 18,481,763 47,918,853 829,311,106 
Tax advance loans4,315,521 2,118,960 35,397 53,243 2,207,600 6,523,121 
Total gross loans1,170,146,331 37,214,242 26,153,698 45,474,052 108,841,992 1,278,988,323 
Unearned interest, insurance and fees(298,986,252)(6,475,433)(7,226,714)(12,375,839)(26,077,986)(325,064,238)
Total net loans$871,160,079 $30,738,809 $18,926,984 $33,098,213 $82,764,006 $953,924,085 
Percentage of period-end gross loans receivable2.9%2.0%3.6%8.5%

The following table is an aging analysis on a recency basis at amortized cost of the Company’s gross loans receivable at March 31, 2025:
Days Past Due - Recency Basis
Customer TenureCurrent30 - 6061 - 90Over 90Total Past DueTotal Loans
0 to 5 months$77,087,815 $6,036,410 $6,587,901 $12,166,577 $24,790,888 $101,878,703 
6 to 17 months65,677,583 3,126,374 2,398,424 4,177,216 9,702,014 75,379,597 
18 to 35 months89,776,541 3,700,216 2,394,549 3,986,095 10,080,860 99,857,401 
36 to 59 months117,976,116 4,641,585 2,917,862 4,693,326 12,252,773 130,228,889 
60+ months758,435,883 21,563,504 13,334,622 20,587,802 55,485,928 813,921,811 
Tax advance loans2,772,634 1,504,446 22,376 70,061 1,596,883 4,369,517 
Total gross loans1,111,726,572 40,572,535 27,655,734 45,681,077 113,909,346 1,225,635,918 
Unearned interest, insurance and fees(282,034,628)(7,588,025)(7,590,060)(12,107,391)(27,285,476)(309,320,104)
Total net loans$829,691,944 $32,984,510 $20,065,674 $33,573,686 $86,623,870 $916,315,814 
Percentage of period-end gross loans receivable3.3%2.3%3.7%9.3%

The following table provides a breakdown of the Company’s gross loans receivable by current payment performance on a contractual basis and year of origination at March 31, 2026:

Days Past Due - Contractual Basis
LoansCurrent30 - 6061 - 90Over 90Total Past DueTotal Loans
0 to 5 months$77,775,686 $6,761,770 $7,574,752 $15,977,787 $30,314,309 $108,089,995 
6 to 17 months90,705,627 3,843,520 3,507,051 6,467,404 13,817,975 104,523,602 
18 to 35 months87,506,104 2,747,848 2,267,411 4,625,126 9,640,385 97,146,489 
36 to 59 months121,309,557 3,525,496 2,813,887 5,745,070 12,084,453 133,394,010 
60+ months769,274,274 18,880,012 14,303,605 26,853,215 60,036,832 829,311,106 
Tax advance loans4,289,213 2,110,901 20,317 102,690 2,233,908 6,523,121 
Total gross loans1,150,860,461 37,869,547 30,487,023 59,771,292 128,127,862 1,278,988,323 
Unearned interest, insurance and fees(294,911,485)(6,127,896)(8,334,364)(15,690,493)(30,152,753)(325,064,238)
Total net loans$855,948,976 $31,741,651 $22,152,659 $44,080,799 $97,975,109 $953,924,085 
​
Percentage of period-end gross loans receivable3.0%2.4%4.7%10.1%

The following table provides a breakdown of the Company’s gross loans receivable by current payment performance on a contractual basis and year of origination at March 31, 2025:
Days Past Due - Contractual Basis
LoansCurrent30 - 6061 - 90Over 90Total Past DueTotal Loans
0 to 5 months$75,594,279 $6,149,270 $6,896,035 $13,239,119 $26,284,424 $101,878,703 
6 to 17 months64,188,458 3,112,624 2,739,963 5,338,552 11,191,139 75,379,597 
18 to 35 months87,012,982 3,864,242 2,986,200 5,993,977 12,844,419 99,857,401 
36 to 59 months114,388,973 4,869,065 3,611,704 7,359,147 15,839,916 130,228,889 
60+ months742,144,019 23,878,983 17,017,849 30,880,960 71,777,792 813,921,811 
Tax advance loans2,746,535 1,492,967 19,812 110,203 1,622,982 4,369,517 
Total gross loans1,086,075,246 43,367,151 33,271,563 62,921,958 139,560,672 1,225,635,918 
Unearned interest, insurance and fees(276,573,216)(7,561,258)(9,034,007)(16,151,623)(32,746,888)(309,320,104)
Total net loans$809,502,030 $35,805,893 $24,237,556 $46,770,335 $106,813,784 $916,315,814 
Percentage of period-end gross loans receivable3.5%2.7%5.1%11.3%
Schedule of Financing Receivable, Nonaccrual
The following table presents the amortized cost basis of loans on nonaccrual status as of March 31, 2026 and March 31, 2025, as well as interest income recognized on nonaccrual loans for the years ended March 31, 2026, 2025, and 2024:

Nonaccrual Loans Receivable
Customer TenureAs of March 31, 2026As of March 31, 2025Interest Income
Recognized
Fiscal 2026		Interest Income
Recognized
Fiscal 2025		Interest Income
Recognized
Fiscal 2024
0 to 5 months$23,611,680 $19,169,040 $1,090,263 $791,235 $1,024,573 
6 to 17 months10,432,434 8,510,132 1,072,224 986,271 1,522,705 
18 to 35 months7,455,208 10,024,500 1,283,231 1,495,744 1,730,680 
36 to 59 months9,463,186 12,151,649 1,550,305 1,837,922 2,364,522 
60+ months44,878,571 52,154,586 7,179,310 6,422,145 6,547,368 
Unearned interest, insurance and fees(22,531,096)(23,775,911)— — — 
Total$73,309,983 $78,233,996 $12,175,333 $11,533,317 $13,189,848 
Schedule of Changes In The Allowance For Loan Losses
The following is a summary of the changes in the allowance for credit losses for the years ended March 31, 2026, 2025, and 2024:
 202620252024
Balance at beginning of period$103,347,129 $102,962,811 $125,552,733 
Provision for credit losses188,602,351 169,215,395 156,973,220 
Charge-offs(198,013,481)(190,796,232)(210,544,759)
Recoveries218,111,279 21,965,155 30,981,617 
Net charge-off(179,902,202)(168,831,077)(179,563,142)
Balance at end of period$112,047,278 $103,347,129 $102,962,811