Segment Information

6 Months Ended

Mar. 31, 2025

Segment Reporting [Abstract]

Segment Information

NOTE 10: SEGMENT INFORMATION

Our operations are primarily managed on a geographical basis and are comprised of three reportable segments. The factors for determining our reportable segments include the manner in which our chief operating decision maker evaluates performance for purposes of allocating resources and assessing performance.

We currently report our segments as follows:

•U.S. Pawn — all pawn activities in the United States;

•Latin America Pawn — all pawn activities in Mexico and other parts of Latin America; and

•Other Investments — primarily our equity interest in Cash Converters and our investment in and notes receivable from Founders.

There are no inter-segment revenues presented below, and the amounts below were determined in accordance with the same accounting principles used in our condensed consolidated financial statements.

The following income (loss) before income taxes tables present revenues for each reportable segment, disaggregated revenues within our reportable segments and Corporate, segment profits and segment contribution.

	Three Months Ended March 31, 2025
(in thousands)	U.S. Pawn		Latin America Pawn		Other Investments		Total Segments		Corporate Items		Consolidated
Revenues:
Merchandise sales	$	116,915	$	52,552	$	—	$	169,467	$	—	$	169,467
Jewelry scrapping sales	16,898		4,040		—		20,938		—		20,938
Pawn service charges	87,548		28,323		—		115,871		—		115,871
Other revenues	24		16		—		40		—		40
Total revenues	221,385		84,931		—		306,316		—		306,316
Merchandise cost of goods sold	74,772		36,783		—		111,555		—		111,555
Jewelry scrapping cost of goods sold	13,235		3,074		—		16,309		—		16,309
Gross profit	133,378		45,074		—		178,452		—		178,452
Segment and corporate expenses (income):
Store expenses	83,532		32,995		—		116,527		—		116,527
General and administrative	—		—		—		—		19,640		19,640
Depreciation and amortization	2,682		1,989		—		4,671		3,349		8,020
Loss on sale or disposal of assets and other	17		—		—		17		—		17
Interest expense	—		—		—		—		3,281		3,281
Interest income	—		(337)		(605)		(942)		(933)		(1,875)
Equity in net (income) loss of unconsolidated affiliates	—		—		(1,866)		(1,866)		361		(1,505)
Other expense (income)	4		(137)		—		(133)		68		(65)
Segment contribution	$	47,143	$	10,564	$	2,471	$	60,178
Income (loss) before income taxes							$	60,178	$	(25,766)	$	34,412

	Three Months Ended March 31, 2024
(in thousands)	U.S. Pawn		Latin America Pawn		Other Investments		Total Segments		Corporate Items		Consolidated
Revenues:
Merchandise sales	$	114,849	$	49,838	$	—	$	164,687	$	—	$	164,687
Jewelry scrapping sales	12,686		1,028		—		13,714		—		13,714
Pawn service charges	80,010		27,153		—		107,163		—		107,163
Other revenues	29		15		31		75		—		75
Total revenues	207,574		78,034		31		285,639		—		285,639
Merchandise cost of goods sold	72,798		33,461		—		106,259		—		106,259
Jewelry scrapping cost of goods sold	10,794		994		—		11,788		—		11,788
Gross profit	123,982		43,579		31		167,592		—		167,592
Segment and corporate expenses (income):
Store expenses	80,840		33,742		—		114,582		—		114,582
General and administrative	—		—		—		—		18,266		18,266
Depreciation and amortization	2,516		2,392		—		4,908		3,311		8,219
(Gain) loss on sale or disposal of assets and other	(30)		(66)		—		(96)		99		3
Other income	—		—		—		—		(765)		(765)
Interest expense	—		—		—		—		3,402		3,402
Interest income	—		(608)		(633)		(1,241)		(1,641)		(2,882)
Equity in net income of unconsolidated affiliates	—		—		(1,719)		(1,719)		—		(1,719)
Other expense (income)	—		1		14		15		(180)		(165)
Segment contribution	$	40,656	$	8,118	$	2,369	$	51,143
Income (loss) before income taxes							$	51,143	$	(22,492)	$	28,651

	Six Months Ended March 31, 2025
(in thousands)	U.S. Pawn		Latin America Pawn		Other Investments		Total Segments		Corporate Items		Consolidated
Revenues:
Merchandise sales	$	245,715	$	110,095	$	—	$	355,810	$	—	$	355,810
Jewelry scrapping sales	32,396		5,274		—		37,670		—		37,670
Pawn service charges	175,424		57,499		—		232,923		—		232,923
Other revenues	51		32		—		83		—		83
Total revenues	453,586		172,900		—		626,486		—		626,486
Merchandise cost of goods sold	156,328		77,051		—		233,379		—		233,379
Jewelry scrapping cost of goods sold	25,203		4,048		—		29,251		—		29,251
Gross profit	272,055		91,801		—		363,856		—		363,856
Segment and corporate expenses (income):
Store expenses	166,621		66,357		—		232,978		—		232,978
General and administrative	—		—		—		—		38,309		38,309
Depreciation and amortization	5,399		4,035		—		9,434		6,921		16,355
Loss on sale or disposal of assets and other	17		8		—		25		—		25
Interest expense	—		—		—		—		6,428		6,428
Interest income	—		(539)		(1,199)		(1,738)		(2,230)		(3,968)
Equity in net (income) loss of unconsolidated affiliates	—		—		(3,489)		(3,489)		509		(2,980)
Other (income) loss	(7)		(208)		—		(215)		1,128		913
Segment contribution	$	100,025	$	22,148	$	4,688	$	126,861
Income (loss) before income taxes							$	126,861	$	(51,065)	$	75,796

	Six Months Ended March 31, 2024
(in thousands)	U.S. Pawn		Latin America Pawn		Other Investments		Total Segments		Corporate Items		Consolidated
Revenues:
Merchandise sales	$	240,362	$	103,728	$	—	$	344,090	$	—	$	344,090
Jewelry scrapping sales	25,501		2,295		—		27,796		—		27,796
Pawn service charges	159,083		54,529		—		213,612		—		213,612
Other revenues	66		31		35		132		—		132
Total revenues	425,012		160,583		35		585,630		—		585,630
Merchandise cost of goods sold	151,507		69,962		—		221,469		—		221,469
Jewelry scrapping cost of goods sold	22,078		1,918		—		23,996		—		23,996
Gross profit	251,427		88,703		35		340,165		—		340,165
Segment and corporate expenses (income):
Store expenses	158,095		67,042		—		225,137		—		225,137
General and administrative	—		—		—		—		34,809		34,809
Depreciation and amortization	5,140		4,731		—		9,871		6,913		16,784
(Gain) loss on sale or disposal of assets and other	(4)		(262)		—		(266)		97		(169)
Other income	—		—		—		—		(765)		(765)
Interest expense	—		—		—		—		6,842		6,842
Interest income	—		(1,028)		(1,206)		(2,234)		(3,287)		(5,521)
Equity in net income of unconsolidated affiliates	—		—		(2,872)		(2,872)		—		(2,872)
Other (income) expense	—		(47)		15		(32)		(404)		(436)
Segment contribution	$	88,196	$	18,267	$	4,098	$	110,561
Income (loss) before income taxes							$	110,561	$	(44,205)	$	66,356

The following table presents separately identified segment assets:

(in thousands)	U.S. Pawn		Latin America Pawn		Other Investments		Corporate Items		Total
As of March 31, 2025
Pawn loans	$	199,418	$	62,412	$	—	$	—	$	261,830
Pawn service charges receivable, net	37,345		4,978		—		—		42,323
Inventory, net	156,816		50,967		—		—		207,783
Total assets	1,346,150		318,833		81,258		83,387		1,829,628
As of March 31, 2024
Pawn loans	$	173,744	$	62,029	$	—	$	—	$	235,773
Pawn service charges receivable, net	33,218		5,050		—		—		38,268
Inventory, net	121,863		41,566		—		—		163,429
Total assets	1,003,447		330,256		81,238		93,201		1,508,142
As of September 30, 2024
Pawn loans	$	214,306	$	59,778	$	—	$	—	$	274,084
Pawn service charges receivable, net	39,194		4,819		—		—		44,013
Inventory, net	138,624		53,299		—		—		191,923
Total assets	1,009,226		311,824		79,421		92,766		1,493,237