Filing Flows › FirstCash Holdings (FCFS) › Q1 2025
FirstCash Holdings (FCFS) Q1 2025 earnings results (first quarter 2025)
10-Q filed Apr 28, 2025
FirstCash Holdings (FCFS) reported revenue of $836M for the first quarter 2025 (Q1 2025), 0% from a year earlier and -5% from the quarter before. Operating margin was 13.3%, net earnings $83.6M (10.0% of revenue).
FirstCash Holdings, Q1 2025: revenue $836M (0% year over year), operating margin 13.3%, net earnings $83.6M, operating cash flow $127M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $836M | -5% | 0% |
| Gross profit | $424M | -2% | +7% |
| Operating profit | $111M | +2% | +36% |
| Net earnings | $83.6M | +0.1% | +36% |
| Operating cash flow | $127M | -36% | +3% |
| Free cash flow | $113M | — | — |
What changed
Revenue was $836.4M in Q1 2025, roughly flat year over year and down 5% from the previous quarter.
Gross margin was 50.7%, up 3.4 points from a year earlier. Operating profit was $111.2M, a 13.3% margin (up 3.5 points year over year). Of the extra revenue versus a year earlier, 55343% reached operating profit, above the 10% margin then. Operating expenses fell 0% while revenue was flat. The fastest-growing cost line was General & admin (+10%). Net earnings were $83.6M, up 36% year over year. The effective tax rate was 24.8%.
Operating cash flow was $126.6M (up 3% year over year), 151% of net earnings. Non-cash charges added back $4.5M of share-based compensation. Working capital and other items added $38.6M. After finance receivables, net ($1.1M) and purchases of furniture, fixtures, equipment and improvements ($12.9M), free cash flow as the company reports it was $112.6M.
Questions
What was FirstCash Holdings' revenue in the first quarter 2025?
FirstCash Holdings (FCFS) reported revenue of $836M for the first quarter 2025 (Q1 2025), 0% from a year earlier and -5% from the quarter before.
Was FirstCash Holdings profitable in the first quarter 2025?
Operating profit was $111M (13.3% of revenue) and net earnings $83.6M.
Source: FirstCash Holdings 10-Q on SEC EDGAR.