International Money Express (IMXI) Q2 2026 earnings summary

Executive summary

• Q2 2026 revenue was $131.2M, down 18.6% year-over-year, mainly due to a 12% decline in transaction volume and principal sent, especially in the LAC corridor.

• Net income for Q2 2026 was $4.2M, a 61.8% decrease from Q2 2025, with EPS at $0.14 (basic and diluted), down from $0.37.

• Adjusted EBITDA for Q2 2026 was $17.3M, down 39.9% year-over-year; Adjusted Net Income was $7.2M, down 52.9%.

• Western Union announced an agreement to acquire all outstanding shares for $16.00 per share in cash, with the merger expected to close soon, pending regulatory approvals.

• In Q2 2025, revenues were $161.1M (down 6.1% YoY), net income was $11.0M (down 21.4%), and adjusted EBITDA was $28.8M (down 7.4%).

Financial highlights

• Q2 2026 revenues: $131.2M (down from $161.1M in Q2 2025); six-month revenues: $253.1M (down from $305.4M in 2025).

• Q2 2026 net income: $4.2M (down from $11.0M); six-month net income: $4.7M (down from $18.8M).

• Adjusted EBITDA for six months ended June 30, 2026: $29.7M (down from $50.4M in 2025).

• Cash and cash equivalents at June 30, 2026: $150.6M; at Q2 2025 end: $174.7M.

• Net Free Cash Generated in Q2 2025: $14.7M; H1 2025: $25.0M.

Outlook and guidance

• Management expects continued investment in digital channels, which may pressure short-term results but is anticipated to drive long-term growth.

• No financial guidance provided due to the pending Western Union acquisition.

• The company anticipates closing the merger with Western Union as soon as remaining regulatory approvals are obtained.