EZCORP, Inc.
- Open
- 31.97
- Day high
- 32.46
- Day low
- 31.64
- Prev close
- 32.32
- Volume
- 79K
- Mkt cap
- $2.0B
- P/E (TTM)
- 12.4
- EPS (TTM)
- $2.60
- P/B
- 1.7
- P/S
- 1.2
- Yield
- —
- Per share
- —
- ▼Insiders net selling -$1.7M over the last 3 months (0 open-market buys, 3 sales)
- 🏛Institutions accumulating (13F)
EZCORP, Inc. (EZPW) is a Financial Services company listed on NASDAQ. The stock is up 94% over the past year. Over the trailing 3 months, insiders filed 0 open-market buys and 3 sales (SEC Form 4).
EZCORP, Inc. (EZPW) financials & analyst ratings
Fundamentals (TTM)
Analyst consensus · 2 analysts
Source: exchange market data + company filings. Figures are trailing-twelve-month or as most recently reported. For informational purposes only — not investment advice.
EZPW earnings date, history & EPS estimates
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| Aug 6, 2026 | $0.41 | $0.47 | +15.8% | $419M | -1.7% |
| May 7, 2026 | $0.36 | $0.58 | +61.1% | $447M | +14.4% |
| Feb 4, 2026 | $0.40 | $0.55 | +37.5% | $382M | +12.6% |
| Nov 13, 2025 | $0.29 | $0.34 | +17.2% | $337M | -3.2% |
| Jul 30, 2025 | $0.23 | $0.33 | +43.5% | $311M | -4.3% |
| Feb 5, 2025 | $0.35 | $0.42 | +19.3% | $320M | -1.0% |
| Nov 13, 2024 | $0.26 | $0.26 | -0.4% | $295M | +1.8% |
| Jul 31, 2024 | $0.22 | $0.23 | +4.1% | $281M | -2.4% |
| May 1, 2024 | $0.26 | $0.29 | +11.1% | $286M | +0.9% |
| Jan 31, 2024 | $0.29 | $0.36 | +23.7% | $300M | +1.0% |
| Nov 15, 2023 | $0.19 | $0.23 | +21.1% | $270M | +2.5% |
| Aug 2, 2023 | $0.15 | $0.20 | +33.3% | $256M | -2.6% |
EZPW insider trading activity (SEC Form 4)
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| Aug 25, 2026 | Bryant Ellen Hofficer: Chief Legal Officer | Sell | 30,000 | $34.77 |
| Jul 9, 2026 | ESPINOSA PABLO LAGOSdirector | Sell | 10,000 | $35.54 |
| Jun 8, 2026 | ESPINOSA PABLO LAGOSdirector | Sell | 10,000 | $32.00 |
| May 21, 2026 | APPEL MATTHEW Wdirector | Sell | 15,037 | $33.25 |
| May 13, 2026 | Kulas Jason A.director | Sell | 20,000 | $33.56 |
| Mar 30, 2026 | ESPINOSA PABLO LAGOSdirector | Grant | 6,641 | $25.60 |
| Mar 30, 2026 | Kulas Jason A.director | Grant | 6,641 | $25.60 |
| Mar 30, 2026 | APPEL MATTHEW Wdirector | Grant | 6,641 | $25.60 |
| Mar 30, 2026 | Arnold Zena Srivatsadirector | Grant | 6,641 | $25.60 |
| Mar 30, 2026 | Tillett Garydirector | Grant | 6,641 | $25.60 |
| Mar 2, 2026 | Sajnani Sunilofficer: Chief Audit/LP Executive | Sell | 18,353 | $26.76 |
| Feb 25, 2026 | Tillett Garydirector | Sell | 10,000 | $25.50 |
| Feb 20, 2026 | ESPINOSA PABLO LAGOSdirector | Sell | 20,000 | $25.00 |
| Feb 18, 2026 | Bryant Ellen Hofficer: Chief Legal Officer | Sell | 20,000 | $25.00 |
| Feb 18, 2026 | Swies Nicoleofficer: Chief Revenue Officer | Sell | 24,138 | $24.75 |
Source: EZPW SEC Form 4 filings, latest Aug 25, 2026. For informational purposes only — not investment advice.
See the full EZPW insider & 13F page →EZCORP, Inc. company profile
Overview
EZCORP, Inc. (NASDAQ:EZPW) is a leading pawn services company that has been operating since 1989 and went public in 1991. Headquartered in Austin, Texas, the company provides collateralized lending services and retail merchandise sales through a network of over 1,280 pawn stores across the United States and Latin America. EZCORP has grown from its Texas roots to become one of the largest pawn operators in North America, serving customers who need short-term credit solutions and value-oriented retail merchandise.
Business
EZCORP operates in the alternative financial services industry, specifically focusing on pawn lending and retail sales of pre-owned merchandise. A pawn loan is a form of secured lending where customers bring personal property as collateral in exchange for a cash loan. Unlike traditional bank loans, pawn loans don't require credit checks or lengthy approval processes, making them accessible to customers who may not qualify for conventional credit. The company's core business revolves around two primary revenue streams. Pawn Service Charges (PSC) represent fees and interest earned on pawn loans collateralized by items like jewelry, electronics, tools, musical instruments, and sporting goods. When customers pledge these items, they receive immediate cash and have a set period (typically 30-90 days depending on local regulations) to repay the loan plus fees to reclaim their property. The second major revenue stream comes from merchandise sales of items that customers either forfeit when they don't repay their loans or sell directly to the stores. This creates a retail operation selling pre-owned goods at discounted prices. The company has also developed digital platforms including the EZ+ Rewards program with over 6 million members, and Max Pawn, a luxury e-commerce platform for high-end items. EZCORP operates through two main geographic segments: the U.S. Pawn segment generates approximately 70% of total revenue with 542 stores across 19 states, while the Latin American segment contributes about 30% of revenue through 741 stores in Mexico, Guatemala, El Salvador, and Honduras. The company has been expanding its Latin American presence aggressively, adding around 40 new stores annually in recent years.
Revenue model
EZCORP generates revenue through multiple complementary business models. The primary revenue source is pawn service charges, which are fees and interest earned on secured loans. Customers pay these charges when they redeem their pledged items, typically ranging from 15-25% per month depending on local regulations and loan terms. This creates a recurring revenue stream from the company's outstanding loan portfolio, which reached a record $283 million in Q2 2025. The second major revenue stream comes from merchandise sales of forfeited collateral and items purchased directly from customers. When customers don't repay their pawn loans (historically around 15-20% of loans), the company gains ownership of the collateral and sells it in their retail stores. This inventory turns over regularly, providing steady cash flow and attractive gross margins typically in the 35-38% range. Several factors influence EZCORP's profitability margins. Economic pressures and inflation tend to increase demand for both pawn loans and discounted merchandise, as consumers seek alternative credit sources and value-oriented purchases. However, inflation also increases the company's operating costs, particularly wages in markets like Mexico where minimum wage increases have been significant. Gold and jewelry prices directly impact loan volumes and merchandise values, as precious metals represent a substantial portion of pawn collateral. Seasonal patterns affect the business, with tax refund season typically leading to higher loan redemptions and lower outstanding balances. The company's EZ+ Rewards program has become increasingly important, with members representing 77% of all transactions. This loyalty program helps drive customer retention and provides valuable data for targeted marketing. Digital initiatives including online payments and e-commerce platforms are growing revenue contributors, with online payment collections increasing 30% year-over-year to $27 million.
Competitive moat
EZCORP's competitive moat is moderately strong but not insurmountable, built primarily on regulatory barriers, local market presence, and operational expertise. The pawn industry benefits from significant regulatory licensing requirements that vary by state and country, creating barriers to entry for new competitors. These licenses are often limited in number and require substantial compliance infrastructure, giving established players like EZCORP an advantage. The company's geographic density and local market knowledge provide operational advantages. With over 540 stores in 19 U.S. states and 741 stores across Latin America, EZCORP has developed deep understanding of local regulations, customer preferences, and optimal store locations. This network effect becomes more valuable as density increases, allowing for better inventory management, marketing efficiency, and operational leverage. However, the moat faces several challenges. Digital disruption poses a growing threat as online lending platforms and fintech companies offer alternative short-term credit solutions that may be more convenient than visiting physical pawn stores. Companies like PayPal, Square, and various payday lending apps provide faster access to small-dollar loans without requiring collateral. Regulatory risk represents another vulnerability, as changes in interest rate caps, licensing requirements, or consumer protection laws could significantly impact profitability. The industry also faces reputational challenges and potential increased scrutiny from regulators focused on protecting low-income consumers. The company's competitive position is strongest in its established markets where it has achieved local scale, but the overall industry moat is being gradually eroded by technological alternatives and changing consumer preferences toward digital financial services.
Risks & safety
EZCORP demonstrates a strong margin of safety with solid financial fundamentals and conservative capital structure. • Liquidity position: $505 million in cash and short-term investments as of Q2 2025, providing substantial financial flexibility • Debt management: Debt-to-equity ratio of 1.01, with successful completion of $300 million debt refinancing in Q2 2025 • Cash generation: Strong operating cash flow of $37 million in Q2 2025 and free cash flow of $29 million • Current ratio: Excellent liquidity with current ratio of 4.04, indicating ability to meet short-term obligations • Valuation metrics: Trading at attractive multiples with P/E ratio of 8.0 and EV/EBITDA of 6.4 • Book value: Price-to-book ratio of 0.95, suggesting the stock trades near tangible asset value • Earnings growth: Consistent profitability with 21% EPS growth in Q2 2025 • Business model resilience: Counter-cyclical characteristics as economic stress typically increases demand for pawn services • Asset-backed lending: Secured loan portfolio reduces credit risk compared to unsecured lending
Recent development
Over the past few years, EZCORP has executed a comprehensive transformation focused on operational excellence and digital innovation. The company completed a three-year strategic plan emphasizing cultural transformation, improved pawn operations, and enhanced customer experience. Store expansion has been aggressive, particularly in Latin America where the company has added approximately 40 new locations annually, reaching 741 stores across Mexico and Central America. The EZ+ Rewards program has become a cornerstone of customer engagement, growing from 3.8 million members in 2023 to over 6 million in 2025, now representing 77% of all transactions. This loyalty program provides valuable customer data and drives repeat business. Digital transformation initiatives include expanded online payment capabilities, with collections growing 30% to $27 million, and the rollout of "buy online, pickup in-store" services to 30% of U.S. locations. The company launched Max Pawn, a luxury e-commerce platform targeting high-end items, which has shown 25% sales growth. Layaway programs have been expanded to provide customers with more flexible payment options, showing 15% growth in new layaways. Technology investments include modernized point-of-sale systems and enhanced inventory management capabilities. Geographic expansion continues with strong acquisition pipelines in both U.S. and Latin American markets. The company has maintained disciplined capital allocation, completing strategic acquisitions while maintaining a conservative balance sheet. Recent debt refinancing provides additional financial flexibility for future growth opportunities.
EZPW company profile · for informational purposes only — not investment advice.
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