EZCORP (EZPW) Company Report

EZCORP achieved record revenue of $1.3 billion for fiscal year 2025, marking a 12% increase year over year. Adjusted EBITDA grew 26% to $191.2 million, with net income surging 30% to $110.7 million.
For the fourth quarter of 2025, adjusted EBITDA increased 33% to $47.9 million, and the EBITDA margin expanded 210 basis points to 14.3%.
The company's store count reached 1,360 stores at fiscal year-end 2025, after adding 24 stores in Q4 through Denovo openings and acquisitions. Post-fiscal year-end, EZCORP acquired an additional 17 stores and entered an agreement for 12 more Texas locations.
Pawn Loan Outstanding (PLO) reached a record $303.9 million, an 11% increase year over year. The cash position materially increased to $469.5 million, reflecting a $300 million senior notes offering completed in March 2025.
Digital initiatives are gaining significant traction, with EZ Plus Rewards membership growing 26% to 6.9 million members and website traffic increasing 49% to 2.6 million visits in the quarter.

Nov 14, 2025, 2:00 PM

EZCORP Reports Record Fiscal Year 2025 Financial Results and Continued Growth

EZPW

Earnings

Revenue Acceleration/Inflection

M&A

EZCORP reported record fiscal year 2025 results, with revenue reaching $1.3 billion, up 12% year over year, and adjusted EBITDA increasing 26% to $191.2 million. Net income surged 30% to $110.7 million.
The company's store count grew to 1,360 by fiscal year-end 2025, including 24 stores added in Q4 2025 through de novo openings and acquisitions, with further acquisitions planned post-year-end.
Earning assets increased 18% to $549.1 million in Q4 2025, driven by an 11% rise in Pawn Loan Outstandings (PLO) to $303.9 million and a 28% increase in inventory to $245.2 million.
Digital initiatives are showing strong traction, with EZ+ Rewards membership up 26% to 6.9 million members and U.S. online payments growing 42% year-over-year to $34 million.
Management noted that while a rising gold price provided a tailwind for scrap gross profit, the business model is resilient and adaptable to gold price fluctuations, with expectations for scrap margins to normalize in fiscal year 2026.

Nov 14, 2025, 2:00 PM

EZCORP Reports Record Fiscal Year 2025 Financial Results and Strategic Growth

EZPW

Earnings

M&A

New Projects/Investments

EZCORP reported a transformative Fiscal Year 2025, achieving record revenue of $1.3 billion, up 12% year-over-year, and adjusted EBITDA of $191.2 million, a 26% increase. Net income surged 30% to $110.7 million.
The company expanded its store base to 1,360 stores at year-end, adding 24 stores in Q4 2025 through Denovo openings and acquisitions, with further acquisitions post-fiscal year-end.
Earning assets grew 18% to $549.1 million, driven by an 11% increase in record PLO to $303.9 million. The cash position increased to $469.5 million following a $300 million senior notes offering.
Digital transformation initiatives are gaining traction, with EZ Plus Rewards membership up 26% to 6.9 million members and U.S. online payments growing 42% year-over-year to $34 million. Management anticipates a sequential increase in total expenses and a decline in scrap sales gross profit after Q1 FY 2026, while the M&A pipeline remains active.

Nov 14, 2025, 2:00 PM

EZCORP Announces Strong Q4 and Full Year Fiscal 2025 Performance

EZPW

Earnings

Revenue Acceleration/Inflection

New Projects/Investments

EZCORP reported record full-year revenue and all-time high Pawn Loans Outstanding (PLO) for fiscal 2025.
For the full year fiscal 2025, total revenues increased 10% to $1,274.3 million, and adjusted EBITDA grew 26% to $191.2 million.
In the fourth quarter of fiscal 2025, net income increased 76% to $26.7 million, and diluted earnings per share (EPS) increased 62% to $0.34.
The company expanded its footprint by 81 stores in fiscal 2025, including 52 acquired stores and 40 de novo stores, bringing the total to 1,360 stores across five countries.

Nov 13, 2025, 9:16 PM

EZCORP Reports Fourth Quarter and Full Year Fiscal 2025 Results

EZPW

Earnings

Revenue Acceleration/Inflection

M&A

EZCORP reported record fourth quarter and full year revenue and all-time high Pawn Loans Outstanding (PLO) for fiscal year 2025.
For the fourth quarter of fiscal year 2025, net income increased 76% to $26.7 million, diluted EPS increased 62% to $0.34, and Adjusted EBITDA increased 33% to $47.9 million.
For the full fiscal year 2025, net income was $109.6 million, diluted EPS increased 29% to $1.42, and Adjusted EBITDA increased 26% to $191.2 million.
The company expanded its footprint by 81 stores in fiscal year 2025, including 52 acquired and 40 de novo stores.

Nov 13, 2025, 9:13 PM

Earnings Transcripts

Quarterly earnings call transcripts for EZCORP.

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