CONSUMER PORTFOLIO SERVICES, INC. (CPSS) FY2025 10-K Annual Report
CONSUMER PORTFOLIO SERVICES, INC. (CPSS) 10-K annual report for fiscal year 2025, filed with SEC EDGAR on Mar 16, 2026. This page provides AI-powered analysis including business overview, management discussion & analysis (MD&A), risk factors, and key financial data such as revenue, net income, gross margin, operating margin, and return on equity (ROE) extracted from XBRL.
CONSUMER PORTFOLIO SERVICES, INC. FY2025 10-K Analysis
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
CONSUMER PORTFOLIO SERVICES, INC. FY2025 Key Financial MetricsXBRL
Revenue
$434M
▲ +10.4% YoY
Net Income
$19M
▲ +0.6% YoY
Net Margin
4.4%
▼ -43bp YoY
ROE
6.2%
▼ -32bp YoY
Total Assets
$3.9B
▲ +10.4% YoY
EPS (Diluted)
$0.80
▲ +1.3% YoY
Operating Cash Flow
$289M
▲ +23.6% YoY
Source: XBRL data from CONSUMER PORTFOLIO SERVICES, INC. FY2025 10-K filing on SEC EDGAR. All figures in USD.
Get deeper insights on CONSUMER PORTFOLIO SERVICES, INC.
Access full AI analysis, insider trading data, fund holdings, and cross-signal detection on SignalX.