CONSUMER PORTFOLIO SERVICES (CPSS) Company Report

For the three months ended September 30, 2025, Consumer Portfolio Services, Inc. (CPSS) reported total revenues of $108.5 million, net income of $4.8 million, and diluted EPS of $0.20. The company's managed portfolio reached $3.89 billion as of September 30, 2025.
As of September 30, 2025, the total portfolio was $3,760.3 million, with annualized net charge-offs at 8.01% of the total owned portfolio and total delinquencies (30+ days past due) at 13.96%. The weighted average APR in originations increased to 19.89% in September 2025.
CPSS has achieved 56 consecutive profitable quarters and specializes in sub-prime automobile contracts, utilizing AI-driven origination scorecards to improve efficiency and customer satisfaction.

Nov 19, 2025, 7:58 PM

Consumer Portfolio Services Reports Increased Q3 2025 Revenue and Portfolio Growth Amidst Improving Credit Quality

CPSS

Earnings

Revenue Acceleration/Inflection

Demand Weakening

Consumer Portfolio Services reported Q3 2025 revenues of $108.4 million, an 8% increase from Q3 2024, with net income up 2% to $4.9 million and diluted EPS flat at $0.20. For the nine months ending September 2025, revenues grew 13% to $325.1 million.
The fair value portfolio increased 16% to $3.62 billion in Q3 2025, driven by $391.1 million in originations for the quarter and $1.275 billion year-to-date. Core operating expenses decreased 4% to $43 million in Q3 2025, representing 4.6% of the managed portfolio, down from 5.4% in Q3 2024.
The company is seeing improved credit performance from 2024 and 2025 vintages due to credit tightening, with delinquencies (DQ > 30 days) slightly improving to 13.96% in Q3 2025. Recoveries for the 2025 vintage were 42%, significantly higher than older vintages, and are expected to increase as troubled 2022 and 2023 vintages (now below 30% of the portfolio) run off.
Despite modest growth due to a tightened credit box, lower dealer foot traffic, and increased competition, 2025 is projected to be the company's second-best year for originations. CPSS successfully completed a securitization and secured a new credit line, emphasizing its use of third-party custodians in light of industry issues.

Nov 11, 2025, 6:00 PM

Consumer Portfolio Services, Inc. Announces Third Quarter 2025 Earnings

CPSS

Earnings

Revenue Acceleration/Inflection

Net income for Q3 2025 was $4.9 million, or $0.20 per diluted share, consistent with the prior year period.
Revenues for Q3 2025 increased by 7.8% to $108.4 million compared to Q3 2024.
New contract purchases in Q3 2025 totaled $391.1 million, contributing to total receivables of $3.760 billion as of September 30, 2025.
Annualized net charge-offs for Q3 2025 increased to 8.01% of the average portfolio, up from 7.32% in Q3 2024, while delinquencies greater than 30 days slightly decreased to 13.96%.

Nov 10, 2025, 10:19 PM

CPSS Announces Third Quarter 2025 Earnings

CPSS

Earnings

Revenue Acceleration/Inflection

Consumer Portfolio Services, Inc. (CPSS) reported net income of $4.9 million, or $0.20 per diluted share, for the third quarter ended September 30, 2025, compared to $4.8 million, or $0.20 per diluted share, in the prior year period.
Revenues for Q3 2025 increased by 7.8% to $108.4 million from $100.6 million in Q3 2024, contributing to $325.1 million in total revenues for the nine months ended September 30, 2025, up 12.8% from the same period in 2024.
New contract purchases for Q3 2025 were $391.1 million , and for the nine months ended September 30, 2025, they totaled $1.275 billion, an increase from $1.224 billion in the first nine months of 2024.
Annualized net charge-offs for Q3 2025 were 8.01% of the average portfolio, an increase from 7.32% in Q3 2024, while delinquencies greater than 30 days slightly decreased to 13.96% as of September 30, 2025, from 14.04% a year prior.

Nov 10, 2025, 9:15 PM

Consumer Portfolio Services Announces $384.6 Million Asset-Backed Securitization

CPSS

Debt Issuance

New Projects/Investments

Consumer Portfolio Services, Inc. (CPSS) completed its fourth term securitization in 2025 on October 23, 2025, issuing $384.6 million in asset-backed notes.
The notes are secured by $392.46 million in automobile receivables and carry a weighted average coupon of approximately 5.72%.
This transaction marks CPSS's 57th senior subordinate securitization since 2011 and the 40th consecutive to receive a triple "A" rating on the senior class of notes from at least two rating agencies.
Initial credit enhancement for the notes includes a 1.00% cash deposit and 2.00% overcollateralization.

Oct 24, 2025, 8:58 PM

Consumer Portfolio Services Highlights Growth, AI Integration, and Financial Strength

CPSS

Revenue Acceleration/Inflection

New Projects/Investments

Profit Warning

Consumer Portfolio Services (CPSS) has achieved 55 straight profitable quarters since 2014 and reached an all-time record of $3.9 billion in assets under management (AUM). The company is growing its portfolio at a 17% year-over-year clip and expects revenues to exceed $400 million for the first time in 2025, up from $363 million in 2024 and $266 million in 2021.
CPSS leverages advanced technology and AI across its operations, including a proprietary credit algorithm, AI agents for welcome calls, and AI-driven collection strategies for its 250,000 active accounts. This has helped drive operating expenses (OpEx) down from 6% to below 5%, increasing net yield by 100 basis points.
Despite current profitability being impacted by high interest expenses, CPSS expects its net yield to improve to over 3% by the end of 2025, up from 1.2% in 2024, due to reduced OpEx and better portfolio performance. The company's shareholder equity has reached an all-time high of over $300 million.
CPSS possesses a significant "hidden asset" of $400 million in cash from residuals of its 16 outstanding ABS transactions, which translates to approximately $16-$17 per share in liquidity value. This is notable given the company's current stock trading price of $7.25 and book value of $13.50.

Sep 3, 2025, 9:50 PM

Earnings Transcripts

Quarterly earnings call transcripts for CONSUMER PORTFOLIO SERVICES.

Get instant answers from SEC filings, earnings calls & more

Get instant analysis when filings drop