FirstCash (FCFS) Investor presentation summary

Financial performance highlights

• Trailing twelve months revenue reached $3.9 billion, with GAAP net income of $354 million and adjusted net income of $416 million as of March 31, 2026.

• Adjusted EBITDA was $746 million and adjusted free cash flow totaled $267 million for the period.

• Q1 2026 saw GAAP net income and EPS up 29-30% year-over-year, with adjusted EBITDA also up 29%.

• Revenue and earnings have shown consistent growth over recent years, with EPS rising from $5.36 in 2022 to $8.76 in TTM Q1 2026.

Business model and strategy

• Operates over 3,300 pawn locations across the U.S., Latin America, and the U.K., serving unbanked and underbanked customers.

• Focuses on growing revenues through new store openings, strategic acquisitions, and increasing profitability in existing stores.

• Pawn loans are fully collateralized, non-recourse, and typically small, with average U.S./LATAM loan sizes of $100-300.

• Proprietary data and real-time inventory intelligence drive scalable, predictable retail margins.

Geographic segment performance

• U.S. pawn segment: Over 1,200 locations in 29 states and D.C., with 24 stores added in the last year and strong presence in high-growth southern markets.

• Latin America: More than 1,800 locations, primarily in Mexico, with ongoing expansion and strong cash flows supporting regional growth.

• U.K. segment: Entry via acquisition of H & T, the largest U.K. pawnbroker, now with 289 stores and Q1 2026 revenues of $102 million.