v3.26.1
LOANS RECEIVABLE AND ALLOWANCE FOR CREDIT LOSSES (Tables)
 3 Months Ended
Jun. 30, 2026
Receivables [Abstract]  
Schedule of Gross Loans Receivable by Customer Tenure
The following is a summary of gross loans receivable by Customer Tenure as of:
Customer TenureJune 30, 2026March 31, 2026
0 to 5 months$75,876,278 $108,089,995 
6 to 17 months117,484,923 104,523,602 
18 to 35 months114,414,313 97,146,489 
36 to 59 months136,086,591 133,394,010 
60+ months846,019,904 829,311,106 
TALs4,064,244 6,523,121 
Total gross loans$1,293,946,253 $1,278,988,323 
The following table presents unpaid accrued interest reversed against interest income by Customer Tenure for the three months ended June 30, 2026 and 2025:

Three months ended June 30,
20262025
Customer Tenure
0 to 5 months$(1,592,956)$(1,424,481)
6 to 17 months(555,673)(650,344)
18 to 35 months(534,594)(515,858)
36 to 59 months(941,048)(583,762)
60+ months(2,825,281)(2,758,807)
Total$(6,449,552)$(5,933,252)
Schedule of Payment Performance on a Recency Basis
The following table provides a breakdown of the Company’s gross loans receivable by current payment performance on a recency basis and year of origination at June 30, 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$1,148,373,635 $37,658,087 $3,252,278 $214,073 $26,279 $3,783 $1,189,528,135 
30 - 60 days past due33,241,558 2,480,876 340,875 48,255 3,644 365 36,115,573 
61 - 90 days past due22,934,651 1,865,548 174,771 29,016 6,034 — 25,010,020 
91 or more days past due34,696,621 4,198,443 293,473 38,705 1,039 — 39,228,281 
Total$1,239,246,465 $46,202,954 $4,061,397 $330,049 $36,996 $4,148 $1,289,882,009 
Term Loans By Origination
TALsUp 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$490,917 $45,597 $1,732 $— $— $— $538,246 
30 - 60 days past due142,047 3,799 1,885 — — — 147,731 
61 - 90 days past due343,562 14,864 1,400 — — — 359,826 
91 or more days past due2,942,414 73,200 2,827 — — — 3,018,441 
Total$3,918,940 $137,460 $7,844 $— $— $— $4,064,244 
Total gross loans$1,293,946,253 
The following table provides 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
TALsUp 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 table provides a breakdown of the Company’s gross loans receivable by current payment performance on a contractual basis and year of origination at June 30, 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$1,137,823,088 $33,516,518 $2,581,610 $113,188 $5,887 $509 $1,174,040,800 
30 - 60 days past due34,668,480 2,069,188 167,397 4,299 — 861 36,910,225 
61 - 90 days past due24,755,045 1,932,953 171,626 11,111 4,805 — 26,875,540 
91 or more days past due41,999,852 8,684,295 1,140,764 201,451 26,304 2,778 52,055,444 
Total$1,239,246,465 $46,202,954 $4,061,397 $330,049 $36,996 $4,148 $1,289,882,009 
Term Loans By Origination
TALsUp 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$416,041 $28,170 $582 $— $— $— $444,793 
30 - 60 days past due133,445 8,149 700 — — — 142,294 
61 - 90 days past due385,673 6,515 — — — — 392,188 
91 or more days past due2,983,781 94,626 6,562 — — — 3,084,969 
Total$3,918,940 $137,460 $7,844 $— $— $— $4,064,244 
Total gross loans$1,293,946,253 

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:
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
TALsUp 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 table provides a breakdown of the Company’s gross charge-offs by fiscal year of origination for the three months ended June 30, 2026:

Three months ended June 30, 2026
Gross Charge-offs by Origination
Origination YearLoansTALsTotal
2022 and prior$2,291 $— $2,291 
202348,340 — 48,340 
2024256,938 2,200 259,138 
20252,835,928 16,256 2,852,184 
202646,746,817 9,942 46,756,759 
20271,433 — 1,433 
Total$49,891,747 $28,398 $49,920,145 
The following table provides a breakdown of the Company’s gross charge-offs by fiscal year of origination for the three months ended June 30, 2025:
Three months ended June 30, 2025
Gross Charge-offs by Origination
Origination YearLoansTALsTotal
2021 and prior$6,045 $— $6,045 
202285,866 — 85,866 
2023331,121 — 331,121 
20243,927,524 79,991 4,007,515 
202545,057,496 4,000 45,061,496 
20265,306 — 5,306 
Total$49,413,358 $83,991 $49,497,349 
Schedule of Changes in the Allowance for Loan Losses
The following table presents a roll forward of the allowance for credit losses for the three months ended June 30, 2026 and 2025:
Three months ended June 30,
20262025
Beginning balance$112,047,278 $103,347,129 
Provision for credit losses43,757,437 50,515,969 
Charge-offs(49,920,145)(49,497,349)
Recoveries26,624,901 4,661,279 
Net charge-offs(43,295,244)(44,836,070)
Ending Balance$112,509,471 $109,027,028 
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 June 30, 2026:
Days Past Due - Recency Basis
Customer TenureCurrent30 - 6061 - 90Over 90Total Past DueTotal Loans
0 to 5 months$56,868,327 $4,618,208 $4,376,877 $10,012,866 $19,007,951 $75,876,278 
6 to 17 months102,695,647 5,283,247 3,754,627 5,751,402 14,789,276 117,484,923 
18 to 35 months105,388,874 3,455,366 2,307,281 3,262,792 9,025,439 114,414,313 
36 to 59 months126,184,166 3,981,705 2,482,951 3,437,769 9,902,425 136,086,591 
60+ months798,391,121 18,777,047 12,088,284 16,763,452 47,628,783 846,019,904 
TALs538,246 147,731 359,826 3,018,441 3,525,998 4,064,244 
Total gross loans1,190,066,381 36,263,304 25,369,846 42,246,722 103,879,872 1,293,946,253 
Unearned interest, insurance and fees(312,992,627)(6,594,088)(6,672,932)(10,461,068)(23,728,088)(336,720,715)
Total net loans$877,073,754 $29,669,216 $18,696,914 $31,785,654 $80,151,784 $957,225,538 
Percentage of period-end gross loans receivable2.8%2.0%3.3%8.1%
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 
TALs4,315,521 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 contractual basis at amortized cost of the Company’s gross loans receivable at June 30, 2026:
Days Past Due - Contractual Basis
Customer TenureCurrent30 - 6061 - 90Over 90Total Past DueTotal Loans
0 to 5 months$55,555,678 $4,446,113 $4,320,443 $11,554,044 $20,320,600 $75,876,278 
6 to 17 months101,471,204 5,255,949 3,883,985 6,873,785 16,013,719 117,484,923 
18 to 35 months104,179,902 3,496,392 2,402,773 4,335,246 10,234,411 114,414,313 
36 to 59 months124,416,103 3,946,667 2,754,856 4,968,965 11,670,488 136,086,591 
60+ months788,417,913 19,765,104 13,513,483 24,323,404 57,601,991 846,019,904 
TALs444,793 142,294 392,188 3,084,969 3,619,451 4,064,244 
Total gross loans1,174,485,593 37,052,519 27,267,728 55,140,413 119,460,660 1,293,946,253 
Unearned interest, insurance and fees(309,868,842)(6,293,234)(7,108,517)(13,450,122)(26,851,873)(336,720,715)
Total net loans$864,616,751 $30,759,285 $20,159,211 $41,690,291 $92,608,787 $957,225,538 
Percentage of period-end gross loans receivable2.9%2.1%4.3%9.3 %

The following table is an aging analysis on a contractual basis at amortized cost of the Company’s gross loans receivable at March 31, 2026:
Days Past Due - Contractual Basis
Customer TenureCurrent30 - 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 
TALs4,289,213 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 %10.0 %
Schedule of Amortized Cost Basis of Loans on Nonaccrual
The following table presents the amortized cost basis of loans on nonaccrual status as of the beginning of the reporting period and the end of the reporting period, as well as interest income recognized on nonaccrual loans for the three months ended June 30, 2026 and 2025:
Nonaccrual Loans Receivable
Customer TenureAs of June 30, 2026As of March 31, 2026
Interest Income
Recognized for the three months ended June 30, 2026
Interest Income
Recognized for the three months ended June 30, 2025
0 to 5 months$16,094,851 $23,611,680 $289,888 $251,599 
6 to 17 months10,274,066 10,432,434 254,095 246,225 
18 to 35 months7,052,489 7,455,208 244,073 347,700 
36 to 59 months8,297,494 9,463,186 313,971 432,061 
60+ months40,509,175 44,878,571 1,540,350 1,856,515 
Unearned interest, insurance and fees(19,067,425)(22,531,096)— — 
Total$63,160,650 $73,309,983 $2,642,377 $3,134,100