EZCORP Inc EZPW

FinancialsBanking ServicesUnited States of America

Last close 28.74 USD on Nov 3, 2026, +48.0% year to date

Quant rating

Quant rating A Rank 65 of 799 in Financials

Growth A 97 of 799
Valuation A 74 of 799
Quality B 161 of 799
Revisions A 104 of 799
Momentum C 416 of 799

Wall Street consensus Buy (2.00)Average target 40.83 USD +42.1%

Historical valuation

Multiples use consensus estimates for the next twelve months. The dashed line is the 5-year average.

Key data

Market cap: 1.8B
Enterprise value: 2.0B
52-week range: 16.63 – 37.04
3-year range: 8.07 – 37.04
Dividend yield: –
Beta (5 years): 0.76
Shares outstanding: 61.4M
Next earnings: Nov 11, 2026

About the company

EZCORP, Inc. is a provider of pawn services in the United States, Latin America and the Caribbean. The Company also sells merchandise, primarily collateral forfeited from unpaid loans and pre-owned merchandise purchased from customers. The Company's U.S. Pawn segment includes its EZPAWN, Value Pawn & Jewelry and other branded pawn operations in the United States. Its Latin America Pawn segment includes its Empeno Facil, Cash Apoyo Efectivo and other branded pawn operations in Mexico, as well as its GuatePrenda and MaxiEfectivo pawn operations in Guatemala, El Salvador, and Honduras (GPMX). Its SMG segment includes all pawn activities of Simple Management Group, Inc. At its pawn stores, it advances cash against the value of collateralized tangible personal property and sells merchandise to customers looking for good value. It provides instant cash loans on items of value, including gold and diamond jewelry, electronics, computers, musical instruments, tools, video games, and others.

Growth and profitability fiscal year ends September 30

Growth and profitability by fiscal year
	2025	2024	2023	2022	2021	5Y avg
Revenue (mil)	1,274	1,162	1,049	886	730	–
Revenue growth	9.7%	10.7%	18.4%	21.5%	−11.3%	9.1%
EPS (basic, normalized)	1.92	1.57	0.61	0.91	0.17	–
EPS growth	22.4%	156.3%	−32.8%	451.2%	–	–
Gross margin	58.5%	58.7%	58.1%	59.6%	61.6%	59.3%
Net margin	8.6%	7.2%	3.7%	5.7%	1.2%	5.3%
ROE	–	–	9.7%	8.0%	3.2%	6.9%

Balance sheet, last quarter
Cash & short-term investments (mil)	311
Tier 1 risk-adjusted capital ratio	–
Long-term debt (mil)	520
Net debt (mil)	213
Total equity (mil)	1,165
Net debt / equity	0.18x

Estimates and valuation

Consensus estimates and implied multiples
	Sales (mil)			Book value per share			EPS
Fiscal year	Mean est.	Growth	EV/Sales	Mean est.	Growth	P/B	Mean est.	Growth	P/E
2025 actual	1,274	+9.7%	1.6x	16.84	–	1.7x	1.43	+27.7%	20.1x
2026	1,675	+31.4%	1.2x	14.55	−13.6%	2.0x	2.02	+41.5%	14.2x
2027	1,830	+9.3%	1.1x	16.81	+15.5%	1.7x	2.18	+7.6%	13.2x
2028	1,960	+7.1%	1.0x	–	–	–	2.46	+12.9%	11.7x

Estimate revisions

Change in consensus estimates over 1, 3 and 6 months
	Sales				EPS
Fiscal year	Estimate (mil)	1M	3M	6M	Estimate	1M	3M	6M
2026	1,675	0.0%	+1.8%	+1.2%	2.02	0.0%	+2.3%	+4.9%
2027	1,830	0.0%	+2.7%	+0.6%	2.18	0.0%	+2.3%	+5.1%
2028	1,960	0.0%	+0.8%	−4.1%	2.46	0.0%	+3.2%	+3.1%

Earnings surprises EPS beat in 4 of the last 4 quarters

Reported results versus consensus, last 10 fiscal quarters
Quarter ended	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Sales reported (mil)	286	281	295	320	306	311	337	382	447	408
Sales mean (mil)	282	280	288	323	310	303	325	359	391	430
Surprise	+1.2%	+0.7%	+2.1%	−0.8%	−1.3%	+2.8%	+3.8%	+6.4%	+14.4%	−5.1%
EPS reported	0.28	0.23	0.26	0.42	0.34	0.33	0.34	0.55	0.58	0.47
EPS mean	0.26	0.21	0.27	0.37	0.31	0.25	0.29	0.41	0.41	0.40
Surprise	+9.8%	+7.0%	−1.9%	+13.5%	+9.7%	+33.1%	+15.5%	+33.6%	+41.5%	+18.1%

Peer comparison Banking Services

Peers in the same industry group, by market capitalization
Company	Market cap	Tier 1 ratio	Net margin	Deposits/loans	FY1 P/E	FY2 P/E	FY1 P/B	FY2 P/B
EZPW EZCORP Inc	1.8B	–	8.6%	–	14.2x	13.2x	2.0x	1.7x
SYF Synchrony Financial	23.4B	14.5%	15.3%	0.87x	7.9x	7.2x	1.6x	1.4x
SOFI SoFi Technologies, Inc.	21.7B	18.7%	14.3%	0.99x	27.4x	18.8x	1.9x	1.7x
FCFS Firstcash Holdings Inc (Texas)	8.3B	–	9.0%	–	17.7x	15.3x	–	–
OMF OneMain Holdings, Inc.	6.5B	–	12.5%	–	8.6x	6.9x	1.8x	1.7x
CACC Credit Acceptance Corp	4.9B	–	18.3%	–	9.9x	9.5x	18.2x	17.1x
Mean		16.6%	13.0%	0.93x	14.3x	11.8x	5.1x	4.7x
Median		16.6%	13.4%	0.93x	12.1x	11.3x	1.9x	1.7x

Technical analysis

1M−4.8%
3M−5.0%
1Y+58.4%
3Y+238.5%

Financial statements in millions of USD

Income statement in millions of USD, fiscal years

Income statement, EZCORP Inc, fiscal years, most recent first
	2025	2024	2023	2022	2021	2020
Interest income	1,274	1,162	1,049	886	730	823
Total interest expense	–	–	–	–	–	–
Net interest income	1,274	1,162	1,049	886	730	823
Loan loss provision	–	–	–	–	–	–
Net interest income after loan loss provision	–	–	–	–	–	–
Non-interest income	–	–	–	–	–	–
Non-interest expense	–	–	–	–	–	–
Net income before taxes	147	116	51.6	67.7	16.1	−70.1
Provision for taxes	37.2	32.5	13.2	17.6	7.5	−1.6
Minority interest & equity in affiliates	–	–	–	–	0	0
Other	0	0	0	0	0	0
Net income before extraordinary items	110	83.1	38.5	50.2	8.6	−68.5
Extraordinary items	–	–	–	–	0	0
Net income	110	83.1	38.5	50.2	8.6	−68.5
Basic weighted average shares (mil)	57.5	54.9	55.6	56.5	55.7	55.3
Diluted weighted average shares (mil)	83.4	84.4	80.9	82.4	55.9	55.3
Basic EPS excluding extraordinary items	1.91	1.51	0.69	0.89	0.15	−1.24
Basic EPS, normalized	1.92	1.57	0.61	0.91	0.17	−0.35

Balance sheet in millions of USD, fiscal years

Balance sheet, EZCORP Inc, fiscal years, most recent first
	2025	2024	2023	2022	2021	2020
Assets
Cash & due from banks	–	–	–	–	–	–
Other earning assets	–	–	–	–	–	–
Net loans	–	–	–	–	–	–
Property, plant & equipment	313	294	305	278	255	241
Goodwill	325	306	302	287	286	258
Intangibles	58.8	58.5	58.2	56.8	62.1	58.6
Long-term investments	70.0	65.2	47.2	62.0	37.7	32.5
Other long-term assets	58.6	39.9	35.5	18.6	14.5	13.2
Other assets	–	–	–	–	–	–
Total assets	1,951	1,493	1,468	1,348	1,267	1,197
Liabilities
Accounts payable	22.9	20.9	23.0	24.1	22.5	19.1
Payable/accrued	–	–	–	–	–	–
Accrued expenses	124	100	98.0	95.0	99.9	98.5
Total deposits	–	–	–	–	–	–
Other bearing liabilities	–	–	–	–	–	–
Short-term borrowings	–	–	–	–	–	–
Current portion of long-term debt	0.6	104	34.8	0	0	0.2
Long-term debt	519	225	328	313	264	251
Minority interest	–	–	–	–	–	–
Other liabilities	259	238	239	224	208	179
Total liabilities	926	689	722	656	595	548
Shareholders' equity
Preferred stock	–	–	–	–	–	–
Common stock	0.6	0.5	0.5	0.6	0.6	0.6
Additional paid-in capital	451	348	346	345	403	398
Retained earnings (accumulated deficit)	613	507	431	402	327	318
Treasury stock	–	–	–	–	–	–
Other equity	−38.7	−51.5	−32.1	−55.7	−58.4	−68.1
Total equity	1,025	805	746	692	672	649
Total liabilities & shareholders' equity	1,951	1,493	1,468	1,348	1,267	1,197

Cash flow statement in millions of USD, fiscal years

Cash flow statement, EZCORP Inc, fiscal years, most recent first
	2025	2024	2023	2022	2021	2020
Operating activities
Net income	110	83.1	38.5	50.2	8.6	−68.5
Depreciation, depletion & amortization	32.5	33.1	32.1	32.1	30.7	30.8
Deferred taxes	−3.1	1.4	−12.8	4.9	3.3	−8.4
Non-cash items	67.1	67.4	102	57.2	54.2	112
Changes in working capital	−57.2	−71.3	−58.1	−77.9	−50.4	−16.6
Cash from operations	149	114	102	66.5	46.4	49.1
Investing activities
Capital expenditures	−38.6	−35.8	−40.4	−31.9	−23.6	−28.5
Other investing cash flows	−79.3	−76.1	−70.4	−81.4	−61.0	138
Cash from investing	−118	−112	−111	−113	−84.6	110
Financing activities
Financing cash flow items	−12.2	−3.8	−8.9	−0.8	−0.8	−1.8
Cash dividends paid	–	–	–	–	–	–
Issuance (retirement) of debt, net	–	–	–	–	–	–
Other financing cash flows	287	−46.4	32.6	−2.0	−15.4	−4.4
Cash from financing	274	−50.2	23.7	−2.8	−16.3	−6.3
Foreign exchange effects	−0.6	−0.7	0	0.3	5.5	−2.6
Net change in cash	305	−49.2	14.6	−49.3	−48.9	150
Free cash flow	110	77.8	61.4	34.6	22.8	20.6

Disclaimer

The financial data presented in this report is delayed and obtained from sources QDD Research believes to be reliable, including stock exchanges, SEDAR, and EDGAR. However, no representation or warranty is made as to the accuracy, completeness, or timeliness of the information. QDD Research accepts no liability for any errors, omissions, or financial losses arising from the use of this data.

This report is generated using a fully systematic and quantitative approach. All factor scores and the overall quant rating (ranging from D to A+) are derived from algorithmic models and are based solely on objective financial metrics. These scores are intended for informational purposes only and should not be interpreted as investment advice or a recommendation to buy, sell, or hold any securities.

QDD Research is not a registered investment advisor or broker-dealer and does not provide personalized financial advice. The content is not tailored to the specific investment goals, financial situation, or risk profile of any individual investor. We strongly encourage readers to consult with a licensed broker or investment advisor before making any investment decisions based on the information contained in this report.

Live quote provided by TradingView. Report data updated Nov 3, 2026 after market close.