AcquisitionsMay 6, 2026, 04:16 PM
EZCORP Acquires Founders One & El Bufalo Pawn; Q2 Revenue +46%
AI Summary
EZCORP completed two significant acquisitions in Q2 fiscal 2026, acquiring a controlling interest in Founders One (105 pawn stores) and El Bufalo Pawn (12 stores), expanding its global pawn operations. These strategic moves contributed to a strong financial performance, with total revenues increasing by 45.9% to $446.9 million and consolidated net income attributable to EZCORP rising by 93.4% to $49.1 million for the three months ended March 31, 2026.
Key Highlights
- Acquired 87.7% controlling interest in Founders One, adding 105 pawn stores, for $4.4 million cash plus existing investments.
- Acquired 12 El Bufalo Pawn stores for $27.8 million cash, expanding U.S. pawn operations.
- Total revenues increased 45.9% to $446.9 million for the three months ended March 31, 2026.
- Consolidated net income attributable to EZCORP rose 93.4% to $49.1 million for the quarter.
- Basic earnings per share increased 73.9% to $0.80 for the three months ended March 31, 2026.
- Goodwill increased by $147.8 million due to acquisitions, reaching $473.5 million.
- Pawn loans grew 33.4% to $349.4 million, and inventory increased 32.8% to $276.0 million.
- Net cash provided by operating activities increased 39.2% to $87.6 million for the six months.