Filing Flows › International Money Express (IMXI) › Q4 2024
International Money Express (IMXI) Q4 2024 earnings results (fourth quarter 2024)
10-K filed Feb 27, 2025
International Money Express (IMXI) reported revenue of $165M for the fourth quarter 2024 (Q4 2024), -4% from a year earlier and -4% from the quarter before. Operating margin was 15.0%, net earnings $15.4M (9.3% of revenue).
International Money Express, Q4 2024: revenue $165M (-4% year over year), operating margin 15.0%, net earnings $15.4M, operating cash flow −$4.9M. The chart follows the revenue to costs, profit and cash.
| Q4 2024 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $165M | -4% | -4% |
| Operating profit | $24.7M | -11% | -11% |
| Net earnings | $15.4M | -11% | -12% |
| Operating cash flow | −$4.9M | — | — |
What changed
Revenue was $164.8M in Q4 2024, down 4% year over year and down 4% from the previous quarter. Wire transfer and money order fees, net was the largest line at 83% of revenue.
Operating profit was $24.7M, a 15.0% margin (down 1.1 points year over year). Total costs fell 3% while revenue fell 4%. Net earnings were $15.4M, down 12% year over year. The effective tax rate was 29.9%.
Operating cash flow was −$4.9M. Non-cash charges added back $3.7M of depreciation and amortization and $186K of share-based compensation. Working capital and other items used $24.1M. Capital expenditures of $3.9M exceeded it, leaving free cash flow of −$8.8M.
Questions
What was International Money Express' revenue in the fourth quarter 2024?
International Money Express (IMXI) reported revenue of $165M for the fourth quarter 2024 (Q4 2024), -4% from a year earlier and -4% from the quarter before.
Was International Money Express profitable in the fourth quarter 2024?
Operating profit was $24.7M (15.0% of revenue) and net earnings $15.4M.