Filing Flows › Ezcorp (EZPW) › Q2 FY25
Ezcorp (EZPW) Q2 FY25 earnings results (second quarter fiscal 2025)
10-Q filed Apr 28, 2025
Ezcorp (EZPW) reported revenue of $306M for the second quarter fiscal 2025 (Q2 FY25), +7% from a year earlier and -4% from the quarter before. Operating margin was 11.2%, net earnings $25.4M (8.3% of revenue).
Ezcorp, Q2 FY25: revenue $306M (+7% year over year), operating margin 11.2%, net earnings $25.4M, operating cash flow $36.9M. The chart follows the revenue to costs, profit and cash.
| Q2 FY25 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $306M | -4% | +7% |
| Gross profit | $178M | -4% | +6% |
| Operating profit | $34.2M | -18% | +26% |
| Net earnings | $25.4M | -18% | +18% |
| Operating cash flow | $36.9M | +42% | +145% |
| Free cash flow | $28.6M | +40% | +232% |
What changed
Revenue was $306.3M in Q2 FY25, up 7% year over year and down 4% from the previous quarter. Merchandise sales was the largest line at 55% of revenue. Pawn service charges added $8.7M year over year (up 8%), 42% of the total change. Other revenues declined 47%.
Gross margin was 58.3%, down 0.4 points from a year earlier. Operating profit was $34.2M, a 11.2% margin (up 1.6 points year over year). Of the extra revenue versus a year earlier, 34% reached operating profit, above the 10% margin then. Operating expenses grew 3% against revenue growth of 7%. Net earnings were $25.4M, up 18% year over year. The effective tax rate was 26.2%.
Operating cash flow was $36.9M (up 145% year over year), 145% of net earnings. Non-cash charges added back $8.0M of depreciation and amortization and $2.4M of share-based compensation. Capital expenditures of $8.4M left free cash flow of $28.6M.
Questions
What was Ezcorp's revenue in the second quarter fiscal 2025?
Ezcorp (EZPW) reported revenue of $306M for the second quarter fiscal 2025 (Q2 FY25), +7% from a year earlier and -4% from the quarter before.
Was Ezcorp profitable in the second quarter fiscal 2025?
Operating profit was $34.2M (11.2% of revenue) and net earnings $25.4M.
Source: Ezcorp 10-Q on SEC EDGAR.