goeasy (GSY) investor relations material

Executive summary

• Q3 revenue was $371.6M, down 18.2% YoY; net loss was $17.0M and adjusted net loss was $15.5M.

• Net charge-offs improved 150 bps QoQ to 15.2%, while the loan portfolio contracted amid tighter underwriting and the six-point plan.

• Liquidity reached $1.23B, with cash up $179.7M and no revolving credit facility borrowings at quarter-end.

Financial highlights

• Q3 operating income was $53.0M, down 66.8% YoY; adjusted operating income was $56.3M, down 65.5%.

• Diluted loss per share was $1.03 and adjusted diluted loss per share was $0.94, versus EPS of $1.70 and adjusted EPS of $3.84 in Q3 2025.

• Bad debts rose 21.0% YoY to $214.9M; other operating expenses fell 12.2% to $84.5M, partly due to a one-time compensation-cost reduction.

• Cash provided by operations before net principal written was $606.8M, versus $623.0M in Q3 2025; 9M cash flow on this basis was $1.75B, up 15.1%.

Outlook and guidance

• Q4 2026 outlook: period-end gross consumer loans receivable of $4.6B–$4.8B, total loan yield of 27.0%–28.5%, and net charge-offs of 14.5%–16.0%.

• Guidance assumes stable macro conditions, continued non-prime demand, tighter underwriting, acceptable funding access, and portfolio performance in line with forecasts.

• Priorities include prudent liquidity management, stronger credit performance, and capital-structure alignment; profitable growth will focus on easyfinancial direct-to-consumer lending, with no merchant-originated expansion currently planned.

• A broader 2027 plan and longer-term strategy are expected in the new year; technology investment and process automation are under evaluation.