Short answer
CONSUMER PORTFOLIO SERVICES, INC. (CPSS) filed its fiscal 2025 10-K annual report with the SEC on Mar 16, 2026. It reported revenue of $434M (+10.4% year over year) and net income of $19M.
- Top risk flagged: Cybersecurity risk managed by Senior VP Systems and VP IT with 15-20 years experience, board receives annual security status reports
FY2025 key financial metrics · XBRL
- Revenue
- $434M
- +10.4% YoY
- Net income
- $19M
- +0.6% YoY
- EPS (diluted)
- $0.80
- +1.3% YoY
- ROE
- 6.2%
- −0.3 pp YoY
- Operating cash flow
- $289M
- +23.6% YoY
Source: XBRL data from the CONSUMER PORTFOLIO SERVICES, INC. (CPSS) FY2025 10-K on SEC EDGAR. USD.
CONSUMER PORTFOLIO SERVICES, INC. FY2025 10-K analysis
AI summary of each section, grounded in the filing text
Business Overview
- Core business: Purchases and services sub-prime retail automobile contracts from franchised and independent dealers in the U.S.
- New offering: Began direct-to-consumer auto loan refinancing platform in Dec 2025, with 0.9% of portfolio under this segment by year-end
- Strategic update: Terminated direct lending platform in Sept 2023; focus shifted to refinancing and traditional dealer-sourced contracts
- Quantitative highlight: Managed portfolio grew to $3.9 billion at Dec 31, 2025, up from $3.7 billion in 2024; 118 salespersons supporting 7,700 dealer applications in 47 states
- Noteworthy fact: Automated credit decisioning system produced initial decisions within seconds on 99% of 3.3 million applications received in 2025
Management Discussion & Analysis
- Revenue $434.5M, up 10.4% YoY from $393.5M in 2024, driven by $58.7M (16.1%) increase in interest income to $422.7M
- Operating expenses $406.5M, up 11.0% YoY from $366.1M; interest expense rose 21.3% to $232.0M (57.1% of expenses); net interest margin 5.2% vs 5.4%
- Best segment: Loan portfolio with average balance $3.69B (+15.1%) and interest yield 11.4% vs 11.3% in 2024; worst: Other income down 38.3% to $5.3M
- Capital allocation: no direct buyback/dividend info; increased warehouse credit facility capacity to $702.5M; securitizations totaled $1.73B in 2025
- Forward outlook: risk from credit performance deterioration could impact liquidity; management compliant with financial covenants as of Dec 31, 2025
Risk Factors
- Cybersecurity risk managed by Senior VP Systems and VP IT with 15-20 years experience, board receives annual security status reports
- Information security policies aim to prevent, detect, and remediate cybersecurity incidents critical to operations
- IT leadership directly oversees risk related to originations, accounting, and collection systems impacting operational results
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