v3.26.1
Segment Information
 9 Months Ended
Jun. 30, 2026
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. Our chief operating decision maker (“CODM”) is our chief executive officer. The CODM uses key financial information such as revenue growth, pawn service charges, segment gross profit, and segment contribution by comparing to and monitoring against budget and prior year results to evaluate segment performance and allocate resources.
We regularly monitor for changes in facts and circumstances that would necessitate changes in our determination of operating segments. As indicated in Note 1, our results below reflect our updated methodology used in allocating certain expenses beginning in the first quarter of fiscal 2026, and the results from the prior period presented have been recast to conform with the current presentation.
As a result of the acquisition of Founders and SMG effective January 2, 2026, the composition of our reportable segments changed beginning in the second quarter of fiscal 2026. Refer to Note 2: Acquisitions for further details. SMG is now reported as a standalone reportable segment. Our equity interest in CCV is now included within Corporate as it is not a reportable segment. Prior period segment information has been recast to reclassify CCV equity income and interest income from notes receivable from Founders from the "Other Investments" segment to Corporate. Because SMG was not a consolidated subsidiary prior to January 2, 2026, no SMG segment results prior to January 2, 2026 are presented in our consolidated financial statements.
We currently report our segments as follows:
•U.S. Pawn — all pawn activities in the United States, except for SMG;
•Latin America Pawn — all pawn activities in Mexico and other parts of Latin America, except for SMG; and
•SMG — all pawn activities of Simple Management Group, Inc.
Corporate items include administrative expenses, depreciation and amortization, loss (gain) on sale or disposal of assets, interest income and expense, equity in net income of unconsolidated affiliates, and other (income) expense, and are not allocated between the segments. There are no inter-segment revenues presented below, and the amounts below were determined in accordance with the same accounting principles used in our consolidated financial statements.
The following income (loss) before income taxes tables present revenue for each reportable segment, disaggregated revenue within our reportable segments and Corporate, segment profits, and segment contribution.
Three Months Ended June 30, 2026
(in thousands)U.S. PawnLatin America PawnSMGTotal SegmentsCorporate ItemsConsolidated
Revenues:
Merchandise sales$118,762 $73,776 $17,117 $209,655 $— $209,655 
Jewelry scrap sales37,231 7,670 11,674 56,575 — 56,575 
Pawn service charges95,209 42,949 14,317 152,475 — 152,475 
Other revenues29 14 — 43 — 43 
Total revenues251,231 124,409 43,108 418,748 — 418,748 
Merchandise cost of goods sold71,530 47,477 11,748 130,755 — 130,755 
Jewelry scrap cost of goods sold27,183 5,701 8,922 41,806 — 41,806 
Gross profit152,518 71,231 22,438 246,187 — 246,187 
Segment and corporate expenses (income):
Store expenses88,034 43,633 16,026 147,693 — 147,693 
General and administrative— — — — 33,999 33,999 
Depreciation and amortization2,837 2,891 635 6,363 3,287 9,650 
Loss on sale or disposal of assets and other4 21 — 25 — 25 
Interest expense— — — — 8,353 8,353 
Interest income— — — — (2,786)(2,786)
Equity in net income of unconsolidated affiliates— — — — (1,895)(1,895)
Other (income) expense— (123)(157)(280)(581)(861)
Segment contribution$61,643 $24,809 $5,934 $92,386 
Income (loss) before income taxes$92,386 $(40,377)$52,009 
    
Three Months Ended June 30, 2025
(in thousands)U.S. PawnLatin America PawnTotal SegmentsCorporate ItemsConsolidated
Revenues:
Merchandise sales$112,249 $56,375 $168,624 $— $168,624 
Jewelry scrap 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 scrap 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 expenses81,843 31,539 113,382 — 113,382 
General and administrative— — — 27,521 27,521 
Depreciation and amortization2,651 2,156 4,807 3,196 8,003 
Other operating income— — — (1,262)(1,262)
Interest expense— — — 8,458 8,458 
Interest income (a)
— — — (5,440)(5,440)
Equity in net income of unconsolidated affiliates (b)
— — — (1,200)(1,200)
Other (income) expense— (12)(12)(524)(536)
Segment contribution$49,568 $15,894 $65,462 
Income (loss) before income taxes$65,462 $(30,749)$34,713 
(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 $1.4 million of equity income from CCV, which has been recast from the "Other Investments" segment to Corporate to conform to the current period presentation.
Nine Months Ended June 30, 2026
(in thousands)U.S. PawnLatin America PawnSMGTotal SegmentsCorporate ItemsConsolidated
Revenues:
Merchandise sales$385,688 $213,643 $34,936 $634,267 $— $634,267 
Jewelry scrap sales128,236 18,704 30,784 177,724 — 177,724 
Pawn service charges289,153 117,668 28,699 435,520 — 435,520 
Other revenues90 47 — 137 — 137 
Total revenues803,167 350,062 94,419 1,247,648 — 1,247,648 
Merchandise cost of goods sold236,864 139,773 23,662 400,299 — 400,299 
Jewelry scrap cost of goods sold83,205 12,771 22,182 118,158 — 118,158 
Gross profit483,098 197,518 48,575 729,191 — 729,191 
Segment and corporate expenses (income):
Store expenses264,182 125,762 32,640 422,584 — 422,584 
General and administrative— — — — 95,230 95,230 
Depreciation and amortization8,369 8,159 1,309 17,837 10,157 27,994 
Loss on sale or disposal of assets and other91 21 — 112 — 112 
Interest expense— — — — 24,873 24,873 
Interest income (c)
— — — — (10,187)(10,187)
Equity in net income of unconsolidated affiliates (d)
— — — — (4,884)(4,884)
Other (income) expense— (489)(119)(608)(2,589)(3,197)
Segment contribution$210,456 $64,065 $14,745 $289,266 
Income (loss) before income taxes$289,266 $(112,600)$176,666 
(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.
Nine Months Ended June 30, 2025
(in thousands)U.S. PawnLatin America PawnTotal SegmentsCorporate ItemsConsolidated
Revenues:
Merchandise sales$357,964 $166,470 $524,434 $— $524,434 
Jewelry scrap 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 scrap 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 expenses245,042 90,343 335,385 — 335,385 
General and administrative— — — 76,805 76,805 
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— — — 14,886 14,886 
Interest income (e)
— — — (9,408)(9,408)
Equity in net income of unconsolidated affiliates (f)
— — — (4,180)(4,180)
Other (income) expense(7)(220)(227)604 377 
Segment contribution$153,015 $45,056 $198,071 
Income (loss) before income taxes$198,071 $(87,562)$110,509 
(e)
Interest income includes $1.8 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 $4.9 million of equity income from CCV, which has been recast from the "Other Investments" segment to Corporate to conform to the current period presentation.
The following table presents separately identified segment assets:
(in thousands)Pawn LoansInventoryTotal
Assets as of June 30, 2026
U.S. Pawn$254,525 $212,181 $466,706 
Latin America Pawn98,900 75,267 174,167 
SMG33,770 28,899 62,669 
Total segment assets$703,542 
Total other assets1,462,691 
Total consolidated assets$2,166,233 
Assets as of June 30, 2025
U.S. Pawn$221,059 $166,374 $387,433 
Latin America Pawn70,575 59,115 129,690 
Total segment assets$517,123 
Total other assets1,365,945 
Total consolidated assets$1,883,068 
Assets as of September 30, 2025
U.S. Pawn$233,774 $185,640 $419,414 
Latin America Pawn73,722 62,817 136,539 
Total segment assets$555,953 
Total other assets1,395,256 
Total consolidated assets$1,951,209