Total Revenue

+3.7% (from $852.14M to $883.8M)

Modest overall growth was achieved by offsetting gains in U.S. Pawn with a slight decline in Latin America Pawn revenue. This balanced performance reflects steady, if unspectacular, execution across segments. " " "

U.S. Pawn Revenue

+11% (from $381.25M to $424.06M)

U.S. Pawn revenue climbed by 11% driven by substantial improvements in its sub‐segments—most notably, dramatic increases in retail merchandise sales, pawn loan fees, and wholesale scrap jewelry sales. The growth is supported by increased store activity and market demand. " "

Latin America Pawn Revenue

-4.5% (from $222.9M to $212.85M)

A slight decline of 4.5% suggests that external market challenges or foreign currency impacts may be weighing on the Latin America segment. This contrasts with improved performance in the U.S. segment, hinting at region-specific headwinds. "

Retail Merchandise Sales (U.S. Pawn)

+617% (from $155.28M to $1,112.72M)

The massive surge of 617% points to an extraordinary shift, likely due to aggressive store acquisitions and possibly a change in the sales mix or reporting methodology. Enhanced demand, along with incremental sales from added locations, contributed to this dramatic change, although such a magnitude suggests one‐off factors or structural reporting revisions. "

Pawn Loan Fees (U.S. Pawn)

+864% (from $58.21M to $561.66M)

An 864% jump in pawn loan fees indicates a very strong increase in pawn activity, possibly driven by higher average pawn receivables, increased loan volumes, and expanded store networks. The comparison with the previous period's much lower baseline underscores both operational growth and potential changes in revenue recognition. "

Wholesale Scrap Jewelry Sales (U.S. Pawn)

+988% (from $9.4M to $102.97M)

A 988% increase reflects significant gains likely due to favorable market conditions such as higher gold prices and increased volumes from pawn foreclosures, along with potential changes in inventory or reporting practices. The enormous percentage jump compared to Q4 2023 suggests both operational improvements and a lower prior-year base. "

Retail POS Payment Solutions (AFF) Revenue

Nearly flat (from $249.62M to $247.91M)

With overall AFF revenue remaining almost unchanged, the stable performance masks a shift in revenue components. This indicates that while the broader merchant network expanded, challenges in the furniture retail vertical and other macroeconomic factors balanced out positive trends. "

Leased Merchandise Income (AFF)

-6.7% (from $190.05M to $177.4M)

The decline of 6.7% is primarily attributed to lower average leased merchandise balances and a 3% drop in gross transaction volumes, particularly driven by reduced activity in the retail furniture merchant partners. "

Interest and Fees on Finance Receivables (AFF)

+18.2% (from $59.57M to $70.51M)

An 18.2% increase reflects higher finance receivable balances and an improved fee mix as AFF shifted towards offerings with slightly lower rates. This uptick signals that, despite overall flat revenue, the fee-driven portion of the segment is expanding. "