FirstCash Holdings, Inc. (FCFS) FY2025 10-K Annual Report
FirstCash Holdings, Inc. (FCFS) 10-K annual report for fiscal year 2025, filed with SEC EDGAR on Feb 9, 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.
FirstCash Holdings, Inc. FY2025 10-K Analysis
Business Overview
- • Core business model: Pawn lending, retail merchandise sales, and finance receivables with rapid liquidation of gold jewelry inventory (62% of total inventory)
- • New off-balance sheet (OBS) loan servicing program started Q3 2025, $28.1M loans originated, with $13.8M liability for credit risk
- • Shift to increased acquisitions: $475.1M spent on pawn store acquisitions in 2025 vs. $76.0M in 2024
- • Operating cash flow grew 9% to $585.9M, adjusted net income rose to $390.1M with adjusted EPS $8.76 in 2025
- • Noteworthy: Cost of discretionary real estate purchases decreased ($61.9M vs $86.1M in 2024) despite overall increased investing activities
Management Discussion & Analysis
- • No revenue or profitability figures disclosed in provided text
- • No segment performance details available
- • $613.5 million outstanding on revolving credit lines at variable rates (SOFR, TIIE, SONIA)
- • 1% interest rate rise would increase annual interest expense by $6.1 million in 2025
- • Fixed rate debt principal $1,610.5 million, fair value $1,624.5 million as of Dec 31, 2025
- • Forex exposure: Peso/USD rate 19.2 in 2025 vs 18.3 in 2024; 1-point change affects earnings by $4.4 million
- • No specific forward guidance or risk commentary beyond FX and interest rate risks
Risk Factors
- • Regulatory compliance risk related to cybersecurity oversight by Board's Audit Committee following NIST, ISO, COBIT, and ITIL standards
- • Operational risk from managing sensitive customer information across pawn stores and payment solutions increasing cybersecurity threat exposure
- • Key-person dependency on CIO and SIRT for cybersecurity defense, risk assessment, and reporting to the Audit Committee
- • Potential legal risk due to ongoing monitoring of compliance with cybersecurity-related laws and regulatory requirements by Audit Committee
- • No specific geopolitical, competitive, or financial risks disclosed in the cybersecurity governance discussion
FirstCash Holdings, Inc. FY2025 Key Financial MetricsXBRL
Revenue
$1.7B
▲ +10.7% YoY
Net Income
$330M
▲ +27.6% YoY
Gross Margin
110.3%
▲ +220bp YoY
Net Margin
19.8%
▲ +263bp YoY
ROE
14.5%
▲ +191bp YoY
Total Assets
$5.3B
▲ +18.4% YoY
EPS (Diluted)
$7.42
▲ +29.5% YoY
Operating Cash Flow
$586M
▲ +8.5% YoY
Source: XBRL data from FirstCash Holdings, Inc. FY2025 10-K filing on SEC EDGAR. All figures in USD.
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