Ezcorp Revenue, Net Income & 10-K Summary

Summary of business operations

Operates pawnshops and related retail sales under multiple brand names across the U.S., Mexico, Guatemala, El Salvador, Honduras, the Caribbean, and Central America.
Primary model: cash for pawn loans collateralized by pre-owned merchandise; purchases from customers; and sale of pre-owned merchandise, including forfeitures from pawn loans.
Emphasizes sustainability and a circular economy through local neighborhood stores, limited reliance on centralized distribution, high volumes of pre-owned merchandise to extend product lifecycles, and recycling of gold and diamonds from jewelry scrapping.
Key brands and markets:
- U.S.: EZPAWN, Value Pawn & Jewelry, La Familia Pawn and Jewelry
- Mexico: EMPEÑO FÁCIL, Cash Apoyo Efectivo, Bazareño, Presta Dinero, Montepio San Patricio, Providencia Empeños
- Guatemala: GuatePrenda
- El Salvador and Honduras: MaxiEfectivo
- Caribbean: CashWiz
Product categories: consumer electronics, cameras, household goods, tools, musical instruments, and jewelry, with most merchandise pre-owned.

Total stores owned: 1,590
Distribution by region:
- Mexico: 672 stores
- United States: 628 stores
- Guatemala, El Salvador, Honduras, the Caribbean, and Central America: 290 pawn stores
Fiscal 2026 growth activity:
- De novo openings: 48 stores (20 in Mexico, 20 in Guatemala, 5 in Honduras, 2 in the U.S., 1 in the Caribbean)
- Acquisitions: 85 stores (64 in Latin America, 21 in the U.S.)
- Consolidations/closures: 8 stores (2 in Latin America, 4 in the U.S., 2 in the Caribbean)
- Acquisition of SMG in fiscal 2026 added 105 stores and is reported as a standalone segment.

Merchandise volume (fiscal 2026): sold approximately 5.6 million pre-owned items
- Electronics, cameras, and household goods: ~3.3 million items
- Other general merchandise (tools, musical instruments, etc.): ~1.5 million items
- Jewelry: ~0.8 million items
Stores in Latin America represented 27% of consolidated gross profit (relative to U.S. store scale).
Market position: second-largest operator in the U.S. pawn industry and the largest operator in Guatemala.

Local, neighborhood-focused footprint with small store sizes (generally 4,300 square feet or less).
Energy efficiency: LED lighting deployed in about 70% of U.S. stores and 95% of Latin America stores.
Corporate sustainability: LEED Silver certification at the Austin, Texas headquarters.
Environmental initiatives: recycling and responsible disposal of end-of-life electronics; jewelry scrapping to recycle gold and diamonds.

Competes with pawn stores, banks and alternative lenders, and jewelry and consumer electronics retailers.
Competitive advantages cited: customer service and relationship management, store accessibility, local presence, and strong management information systems.
EZ+ Rewards loyalty program: launched in the U.S. in 2021 and introduced in Mexico in 2022 to offer discounts based on points.

Subject to a wide array of U.S., Mexican, Latin American, and Caribbean regulations covering pawn operations, consumer protection, privacy and data security, anti-money laundering, firearms (where applicable), and other areas.
Regulatory developments influence product offerings, systems, and compliance costs.
Specific regimes cover licensing, disclosure, reporting, consumer protections, AML/CTF requirements, and data privacy across jurisdictions.

Phillip E. Cohen is the beneficial owner of all voting Class B stock; public Class A stock is non-voting.
Mr. Cohen serves as CEO and Executive Chairman; the board structure and voting rights create concentrated control over major decisions.

Regulatory changes may affect operations and profitability.
Geographic concentration in the U.S., particularly Texas and Florida (62% of U.S. stores as of Sept. 30, 2026).
Exposure to gold price fluctuations and changes in customer use of gold as collateral.
Risks related to competition, execution of growth initiatives (openings and acquisitions), and dependence on IT systems.
Operational risks include robberies/theft, firearms compliance (where applicable), and cybersecurity.
Foreign operations are subject to local AML, data privacy, and regulatory regimes.

EZCORP files with the SEC and provides investor materials; external filings (Form 10-K, Form 10-Q, etc.) are available on sec.gov and the company website.