Total Revenue

Essentially unchanged (≈ $836.42M vs. $836.37M)

Total Revenue remained flat as the underlying revenue drivers from key segments persisted at similar levels as the previous period, showing balanced performance without notable growth or decline. This stability indicates offsetting factors such as steady retail merchandise sales and pawn loan fees compared to Q1 2024. " "

Net Income

+36% (from $61.37M to $83.59M)

Net Income increased sharply by 36% YoY, driven by higher operating income and improved margins. Cost reductions, particularly in the cost of revenue, and enhanced efficiency in operating segments contributed to this strong performance relative to Q1 2024. " "

Cost of Revenue

-6.4% (from $440.53M to $412.22M)

Cost of Revenue dropped by 6.4% YoY, reflecting effective cost management. The reduction was primarily due to lower depreciation expenses and other cost components, helping to improve gross margins compared to Q1 2024 despite similar sales levels. " "

Income before Income Taxes

+36% (from $81.89M to $111.22M)

Income before income taxes grew by about 36% YoY as a direct result of improved segment performance and expense efficiencies. Improved operating margins, as seen with higher net income and lower operating costs, significantly boosted pre-tax earnings relative to Q1 2024. " "

Operating Cash Flow

Significant improvement (increased to $126.64M)

Operating cash flow improved notably, rising to $126.64M from $99.11M in the previous period. This enhancement can be attributed to increased net income, non-cash adjustments, and better working capital management, reflecting the operational improvements achieved over prior periods. " "