FirstCash (FCFS) Investor presentation summary

Financial performance highlights

• Trailing twelve months revenue reached $4.1 billion, with GAAP net income of $388 million and adjusted net income of $447 million as of June 30, 2026.

• Adjusted EBITDA was $802 million and adjusted free cash flow totaled $309 million.

• Q2 2026 saw revenue up 29% year-over-year, GAAP EPS up 58%, and adjusted EBITDA up 39%.

• Consolidated revenue and net income have shown consistent growth since 2022.

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, acquisitions, and increasing profits in existing stores.

• Pawn loans are fully collateralized, non-recourse, and typically small, with rapid transaction cycles and minimal credit risk.

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

Geographic and segment performance

• U.S. pawn segment: Over 1,200 locations, with 28 stores added in the last year and strong growth in Sunbelt markets.

• Latin America: More than 1,800 locations, primarily in Mexico, with a 10-year revenue CAGR over 9%.

• U.K. segment: Entry via acquisition of H&T, now 295 stores, with $95 million Q2 2026 revenue and 35% pre-tax margin.

• Ramsdens acquisition will expand U.K. presence to nearly 470 stores, adding $200 million in revenue and $26 million net income.