EZPW EZCORP INC

Overview and Growth

In fiscal 2025, EZCORP INC recorded $1.27B of revenue, net income of $109.61M, and an operating cash inflow of $148.99M. Revenue of $1.27B sets the scale for evaluating how effectively sales translated into profit and cash during the year. The top line expanded 9.7% from $1.16B in fiscal 2024, increasing the company’s operating scale. The company reported diluted EPS of $1.42, adding a shareholder-level measure to the absolute income figures considered below. Against diluted EPS of $1.10 in fiscal 2024, the current result was 29.1% higher. Revenue equaled 0.65x of total assets, indicating how much reported top-line activity the company produced relative to its period-end asset base.

Profitability

After reported cost of revenue, the company retained $746.07M as gross profit before recognizing operating expenses and other items. Gross profit represented 58.5% of revenue, showing how much of the top line remained after direct costs. The reported operating result was $149.17M, capturing profitability after direct costs and the operating expenses reflected in the statements. The operating result equaled 11.7% of revenue, placing the absolute operating-income figure in the context of the company’s sales base. After all reported below-operating-line items, the company recorded net income of $109.61M for the fiscal year. The final earnings result represented 8.6% of revenue, connecting the absolute net income figure with the company’s top-line scale. The earnings statement records $146.77M of pretax income, the profit base against which the reported tax provision can be assessed. The pretax margin was 11.5%, relating income before taxes directly to revenue. Income tax expense totaled $37.16M, providing the reported tax component that separates pretax and after-tax earnings. The effective relationship between income tax and positive pretax income was 25.3%, without assuming a statutory-rate comparison.

Liquidity and Capital Structure

The company held $1.95B of assets against $925.72M of liabilities and $1.03B of equity, revealing how the asset base was financed. At period end, current assets of $1.13B compared with current liabilities of $200.57M, defining the company’s short-term resource position. Current assets covered current liabilities by 5.61x, leaving a positive buffer for near-term obligations. The company held $469.52M in cash and equivalents, a narrower liquidity measure than total current assets. Cash and equivalents represented 234.1% of current liabilities, showing the portion of near-term obligations matched by reported cash alone. Total debt was $518.08M, establishing the amount of borrowing carried within the company’s capital structure. Against book equity, debt measured 0.51x, placing the company’s financial leverage in clear balance-sheet terms. Relative to total assets, debt measured 26.6%, showing how much of the asset base was matched by borrowing. Relative to total assets, liabilities measured 47.4%, complementing the separate equity-based view of the company’s capital structure. Measured against total assets, cash and equivalents represented 24.1%, a balance-sheet composition measure rather than a liquidity forecast.

Cash Flow and Earnings Quality

Cash flow from operations was $148.99M, a reported cash inflow that can be compared directly with net income and capital spending. Operating cash flow equaled 1.36x of net income, showing how strongly accounting earnings converted into cash from operations. Capital spending was $38.56M, absorbing part of the cash generated from operations before free cash flow. Capital spending absorbed 25.9% of operating cash flow, quantifying the share of cash from operations directed to investment. Free cash flow came to $110.42M, leaving a positive amount after capital expenditures. Relative to revenue, free cash flow equaled 8.7%, showing how much sales converted into cash after investment. The free-cash-flow-to-assets relationship was 5.7%, comparing post-investment cash with the balance-sheet asset base.

Based on the annual report for the fiscal year ending Sep 30, 2025. Analysis generated Oct 21, 2026.