Total Revenue

-4%

Total revenue declined from $150.4 million in Q1 2024 to $144.3 million in Q1 2025. This decrease is primarily driven by the drop in Wire Transfer and Money Order Fees (–5% YoY), which in turn reflects lower transactional volumes and a shift in consumer behavior—fewer transfers made via retail and company-operated channels despite a higher average principal per transaction. " " "

Wire Transfer and Money Order Fees

-5%

Fees fell by $6.7 million, from $126.9 million in Q1 2024 to $120.2 million in Q1 2025. The decline is attributed to reduced transaction volume processed through the company’s retail network and changes in consumer behavior, where fewer transfers were initiated even as the average principal per transaction increased. " " "

Net Income

-36%

Net income dropped sharply from $12,106 thousand in Q1 2024 to $7,769 thousand in Q1 2025. This 36% decline indicates that lower revenues and potential cost pressures adversely affected profitability, although the documents provide limited details beyond the significant reduction in net earnings. " "

Operating Income

-28%

Operating income decreased from $19,586 thousand in Q1 2024 to $14,075 thousand in Q1 2025—a 28% drop. This fall is linked to the reduced total revenues (notably from Wire Transfer fees) and increased operating expenses, including new restructuring costs (introduced in Q1 2025), substantially higher transaction costs (rising from $10 thousand to $1,169 thousand), and a higher provision for credit losses. " "

Basic Earnings per Share

-31%

Basic EPS declined from $0.36 in Q1 2024 to $0.25 in Q1 2025 (a 31% drop). This decrease is primarily due to the significant reduction in net income, with additional adverse impacts from increased restructuring and transaction costs that negatively shifted the adjusting items impacting EPS. " "

Cash and Cash Equivalents

-31%

Cash and Cash Equivalents fell by 31% from $218,795 thousand in Q1 2024 to $151,764 thousand in Q1 2025. Although the figures indicate a substantial decline, the documents do not provide explicit details or underlying factors explaining this cash reduction. " "

Operating Cash Flow

-14%

Operating Cash Flow decreased by 14%, from $48,236 thousand in Q1 2024 to $41,282 thousand in Q1 2025. The documents do not offer a detailed breakdown for this decline in the current quarter's results, leaving the specific factors driving the decrease unspecified. " "