FirstCash Holdings Posts $107.7M Net Income in Q1 2026, Up 29% on Revenue Growth
FirstCash Holdings, a pawn and retail operator, reported net income of $107.7 million for the quarter ending March 31, 2026, up 29% from $83.6 million in the same period last year. Total revenue climbed 26% to $1.05 billion.
FirstCash Holdings, Inc. (NASDAQ: FCFS), a pawn lending and retail company, reported net income of $107.7 million for the three months ending March 31, 2026, up 29% from $83.6 million in the first quarter of fiscal 2025. The company posted diluted earnings per share of $2.43, compared to $1.87 a year earlier. Read more earnings reports.
Total revenue rose 26% to $1.05 billion from $836.4 million in the prior-year quarter. Net revenue, which excludes the cost of goods sold, increased 25% to $464.8 million from $371.1 million. The company's gross profit expanded 28% to $542.4 million from $424.2 million.
Operating expenses climbed to $397.3 million, up 27% from $313.0 million in the first quarter of fiscal 2025. Income tax expense totaled $37.4 million, compared to $27.6 million in the year-ago period.
Balance Sheet Expansion
Total assets stood at $5.36 billion as of March 31, 2026, up 21% from $4.43 billion a year earlier and up slightly from $5.30 billion at fiscal year-end December 31, 2025. Current assets increased to $1.91 billion from $1.33 billion in the prior-year quarter.
Inventory rose 61% to $538.8 million from $334.7 million as of March 31, 2025. Cash and cash equivalents totaled $130.7 million, down from $146.0 million a year earlier. Goodwill grew to $2.02 billion from $1.82 billion in the first quarter of fiscal 2025.
Total liabilities climbed to $3.06 billion from $2.37 billion a year earlier. Long-term debt increased to $2.25 billion from $1.71 billion as of March 31, 2025. Current liabilities stood at $399.7 million, up from $301.9 million in the prior-year period.
Cash Flow and Capital Allocation
Cash from operations totaled $153.6 million for the quarter, compared to $126.6 million in the first quarter of fiscal 2025. Cash used in investing activities was $115.9 million, versus $50.1 million a year earlier. Cash used in financing activities totaled $31.6 million, compared to $105.3 million in the prior-year quarter.
The company paid dividends of $18.5 million during the quarter, up from $16.9 million in the first quarter of fiscal 2025. Stockholders' equity increased to $2.30 billion from $2.06 billion as of March 31, 2025.
Financial Highlights
| Metric | Q1 FY2026 | Q1 FY2025 | Change |
|---|---|---|---|
| Total Revenue | $1.05 billion | $836.4 million | +26% |
| Net Revenue | $464.8 million | $371.1 million | +25% |
| Gross Profit | $542.4 million | $424.2 million | +28% |
| Operating Expenses | $397.3 million | $313.0 million | +27% |
| Net Income | $107.7 million | $83.6 million | +29% |
| Diluted EPS | $2.43 | $1.87 | +30% |
The weighted average diluted share count for the quarter was 44.2 million shares, compared to 44.8 million shares in the first quarter of fiscal 2025. The company had 43.8 million shares outstanding as of the end of the reporting period.