FirstCash : April Investor Presentation (d2f272)

Published: 2026-04-24 17:57:09 ET FCFS

Published on 04/24/2026 at 05:57 pm EDT

NASDAQ: FCFS

Investor Presentation - April 2026

FirstCash Holdings, Inc.

By the Numbers

Trailing Twelve Months as of March 31, 2026

- Revenue

GAAP Net Income

Adj. Net Income

ADJ. EBITDA

Adj. Free Cash Flow

$3.9 Billion

$354 Million

$416 Million

$746 Million

$267 Million

NASDAQ: FCFS

Q1 2026 Highlights

GAAP Net Income

GAAP EPS

Adjusted EPS

Adjusted EBITDA

UP 29% TO PY UP 30% TO PY UP 30% TO PY UP 29% TO PY

NASDAQ: FCFS

PAWN OVERVIEW BRANDS OUR CUSTOMERS

Know and Rely On

FirstCash is the leading international operator of pawn stores with more than 3,300 retail pawn locations and approximately 22,000 employees in 29 U.S. states, the District of Columbia , four countries in Latin

America (Mexico, Guatemala, Colombia, El Salvador) and the United Kingdom

Pawn Industry

Pawn stores are neighborhood-based retail locations that buy and sell pre-owned consumer products such as jewelry, electronics, tools, appliances, sporting

GOODS AND MUSICAL INSTRUMENTS, AND MAKE SMALL CONSUMER PAWN LOANS

Business Strategy

Grow revenues and income by opening new retail pawn locations, acquiring existing pawn stores in strategic markets and increasing revenue and operating profits in existing stores

Mission

Provide quick and convenient retail and credit solutions to unbanked, underbanked and

CREDIT-CHALLENGED CUSTOMERS

Pawn Ops Drive Earnings

2026 Forecast: Segment Contribution

~90%

Pawn Segment

(U.S., LATAM & U.K.)

Retail POS Payment Solutions

FirstCash Pawn History

NASDAQ: FCFS

Over 35 years of Success in the pawn business

Largest pawn operator in the Americas and the U.K.

Primary long-term business plan is to continue growing pawn revenues and income by opening new ("de novo") retail pawn locations, acquiring existing pawn stores in

78 Store Acquisition

First stores in the U.K. 286 Store Acquisition

STRATEGIC MARKETS AND INCREASING REVENUE AND OPERATING PROFITS IN EXISTING STORES

Exceed 3,000 Stores

530+ Store Acquisition

First stores in Colombia

3,334

3,026

CASH AMERICA MERGER: (OVER 800 U.S. STORES)

2,679

MAXI PRENDA ACQUISITION: (FIRST STORES IN GUATEMALA

& El Salvador)

2,085

500TH LATAM STORE OPENED

FIRST STORES IN MEXICO 100TH DE NOVO STORE WORLDWIDE

500TH DE NOVO STORE OPENED

300+ Total Stores in Mexico

FIRST STORE 1988 906

Haltom City, TX USA

100+ Stores in Mexico

First Acquired Store Suitland, MD USA

595

282

123

1988 1989 - 1996 1997 - 2001 2002 - 2005 2006 - 2010 2011 - 2013 2014 - 2016 2017 - 2019 2020 - 2024 2025 -2026

Pawn Product Overview

Pawn Loans are Customer Friendly

Non-recourse loans

Make Decision to Sell or Take a Pawn Loan

PAWN LOAN (COLLATERALIZED WITH ASSET)

Average Monthly Fee of ~$35

in the U.S. and ~$15 in LatAm

Pawn Fees

Typical Retail Margin: 35% - 45%

Retail Sales

Customer Needing Cash Enters Store

With Personal Asset

Customer Repays Loan & Pawn Service Fee

Collateral Returned to Customer

Customer Does Not Repay Loan or Fee

Collateral Forfeits

Retail

Inventory

Sells Asset to Company

Pawn Transaction Cycle

Total transaction time generally less than 15 minutes

NASDAQ: FCFS

O CREDIT CHECK OR BANK ACCOUNT REQUIRED

No collection activity or reporting to credit bureaus

Pawn Loans are Small and Affordable

30-to-60-day term typical in the U.S. and LatAm

Average loan size ranges from $100-300 in the U.S. and LatAm

U.K. Loans are slightly larger with a term of six months

Pawn Loans Have Little to No Credit Risk

Loans are fully collateralized with personal property held in secured storage at the store

Conservative loan-to-value ratios - typically around 60%

Rapid liquidation of forfeited collateral through retail

OPERATIONS TYPICALLY WITH SALES MARGINS OF 35-45%

Proprietary Intelligence: Driving Consistent Returns at Scale

NASDAQ: FCFS

Proprietary Intelligence

Real-Time inventory and lending intelligence

Strategic Value: Our proprietary data ecosystem transforms 14M annual retail transactions into predictable retail margins

Algorithmic valuation and pricing strategy

Scalability of our proprietary data ecosystem

Over 3,300 Locations and 14M annual retail transactions

Optimized Returns from predictable customer performance

Pawn Has Performed Well Across Most Economic Cycles

Core Pawn GP:

Retail Gross Profit

Pawn Fees

Pawn receivables are fully collateralized and subject to very minimal consumer credit risk

Credit tightening by unsecured lenders drives increased demand for pawn loans

During the Financial Crisis:

- Stores in the U.S. saw a 50% increase in pawn receivables from 2007 to

2012; LatAm stores saw growth of

- Retail gross profit in the U.S.

INCREASED 25% FROM 2007 TO 2012;

LatAm stores increased 59% over the same period

31% OVER THE SAME PERIOD

Current demand cycle reflects favorable demographic trends and affordability concerns

Domestic Legacy1

$ in Thousands - Avg TTM Per Store

NASDAQ: FCFS

$756

$569 $627

$702

$742

$790

$756

$729

$823

$815

Financial Crisis

$795

$796

$733

$670

$903

$830

$843

$991

Covid

$1,084 $1,111

2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 Q1 2026

LatAm Legacy1

$5.2

$3.4

$4.8

$4.3

$4.0

$5.8

$5.4

$5.1

$6.0

$5.4

Financial Crisis

$5.2

$5.3

$5.2

$4.9

$6.2

$6.0

$6.8

Covid

$6.1

$6.0

Peso $ in Millions - Avg TTM Per Store

$7.0

Sustainability is Core to FirstCash

and a Commitment to Social Responsibility

Sustainability Social Responsibility

Pawnshops Pioneered Circular Economy

Neighborhood-based stores contribute to the modern "Circular

Economy"

Extending Life Cycle of Consumer Products

Inventory is pre-owned merchandise which is sourced and then recycled within each store's geographic neighborhood

Saving Water and Carbon Emissions with No Packaging or Hazardous Waste

Local sourcing of pre-owned goods eliminates carbon footprint of

MANUFACTURING FACILITIES, DISTRIBUTION CENTERS AND TRANSPORTATION

SERVICES

Safe Environment

Buy and resell popular consumer products in a safe and secure

ENVIRONMENT FOR EMPLOYEES AND CUSTOMERS

Employee Empowerment

Employee-training programs that promote customer service and professionalism

Specialized skills training programs in lending practices, merchandise valuation and

REGULATORY COMPLIANCE

NASDAQ: FCFS

Profit sharing programs which pay on average 4-5% of gross profit directly to employees

Customer and Employee Protections

Committed to health, safety and wellness through employee benefit programs and robust

PHYSICAL SECURITY INFRASTRUCTURE

Consumer protection programs focused on privacy, regulatory compliance and data

SECURITY

Diverse Workplace

Global Gender

All Employees Management

U.S. Race & Ethnicity

All Employees Management

57%

43%

57%

71%

43%

66%

29%

34%

Women Men Diverse Non-Diverse

AS OF 12/31/2025 9

NASDAQ: FCFS

U.S. Pawn Segment

Market Presence

Over 1,200 Full-Service

U.S. Locations

Market Growth

24 STORES ADDED IN THE LAST 12 MONTHS

29 States and the

District of Columbia

Over 300 stores added in the last 10 years

U.S Pawn Market Overview

NASDAQ: FCFS

Highly Fragmented: 12,000 to 14,000 U.S. pawnshops; dominated by "mom- and- pop" operators

Essential Service: Serves as a critical resource for unbanked and underbanked consumers lacking traditional credit access

Target Expansion Markets

Current U.S. Footprint

Cumulative U.S. Store Additions

Growing population with WA

FAVORABLE DEMOGRAPHICS 30

Predictable environments with OR

STABLE REGULATIONS 5

High expansion potential with

ACTIVE PIPELINE NV

WY SD 3

UT NE

1 IL

YTD 2026

2025

2024

2023

2022

2021

156

126

307

306

281

252

33 5 CO

IN OH

MD 2020 79

22 MO

23 56

NC 68

SC 27

491

VA 28

13 2

2019

2018

2017

27 30

80% OF STORES LOCATED IN HIGH-GROWTH SOUTHERN MARKETS

Fort Worth, TX FirstCash Headquarters

Substantial Real Estate Portfolio

NASDAQ: FCFS

Cumulative U.S. Real Estate Holdings (at Cost)

Domestic Real Estate:

FirstCash continues to acquire and has

over $640 million (at cost) of store real estate and the tower that serves as its corporate headquarters in downtown Fort Worth, TX

Store Portfolio Value:

The Company's domestic store real estate portfolio is comprised of 450 properties (37% of all domestic stores), all located in the U.S., and is valued conservatively at $643 million

Unencumbered Assets

All owned real estate is unencumbered

$ IN MILLIONS

$464

$550

$643

$ IN MILLIONS

Florida Tennessee

7% 4%

Georgia 4%

Nevada 4%

Texas

55%

Other (18 States)

26%

U.S. Real Estate Holdings by State

$612

$95

$116 90

$393

$311295

$237251

$189198

155

338

395

435

450

2017 2018 2019 2020 2021 2022 2023 2024 2025 2026

# of Stores Cost

Q1 2026 Highlights - U.S. Pawn Segment

$ IN MILLIONS

NASDAQ: FCFS

Prior-Year Current-Year

32%

24%

23%

19%

13%

12%

13%

11%

10%

12%

13%

2025 Q2 2025 Q3 2025 Q4 2026 Q1

PLB

INV AGED INV

(360+ DAYS % OF TOTAL INV)

2.2%

1.4%

1.7%

$442

$366

$316

$312

$257

$246

$217

$179

Q1 2023 Q1 2024 Q1 2025 Q1 2026

Revenue & Segment Contribution

Same-Store Receivables: 2-Yr Growth

Total Pawn Receivables and Inventories

Margin Performance

FirstCash Holdings, Inc.

+16%

$489

$423

+25%

$141

$113

2025

2026

Revenue

2025

2026

Contribution

Gross Profit

Retail

Segment Pre-Tax

58%

59%

60%

42%

41%

42%

44%

24%

26%

27%

29%

Pawn Collateral

Jewelry Electronics Other

75%

17%

AS OF 03/31/2026

NASDAQ: FCFS

LatAm Pawn Segment

Market Presence

More than 1,800

LatAm Locations

Largest pawn operator in Mexico

Stores in 4 Countries:

MEXICO 1,733

Guatemala 75

El Salvador 18

Colombia 12

Latin America Pawn Segment

NASDAQ: FCFS

Location Count by Country:

MEXICO: 1,733

Guatemala : 75

EL SALVADOR: 18 COLOMBIA: 12

2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 TTM Q1

2026

$553

$487

$417

$368

$592 $675

$671

$557

$890

$812

$803

$963

$368

$485

$573

$742

$725

$666

$839

$803

$927

$892

$1,059 $1,107

Total Revenue, USD $

CC TOTAL REVENUE, 2015 MXN @ 15.85

Large Underserved Market: Capturing high demand from

Latin America's significant unbanked population

Scalable Foundation: Strong cash flows and established infrastructure fuel long-term regional growth

Proven Growth Engine: Strategic expansion through a mix of new store openings and targeted M&A.

Future Pipeline: Actively identifying and evaluating new

Latin American market opportunities

FirstCash Holdings, Inc.

AS OF 03/31/2026

Q1 2026 Highlights - LatAm Pawn Segment

$ IN CONSTANT CURRENCY1 MILLIONS, EXCEPT AS OTHERWISE NOTED

1 CONSTANT CURRENCY RESULTS ARE NON-GAAP FINANCIAL MEASURES. PLEASE REFERENCE THE PRESS RELEASE DATED 04/23/2026 FOR FURTHER EXPLANATION

NASDAQ: FCFS

REVENUE & SEGMENT CONTRIBUTION1

Same-Store Receivables:

Prior-Year Current-Year

44%

35%

30%

24%

21%

23%

13%

18%

12%

14%

2025 Q2 2025 Q3 2025 Q4 2026 Q1

2-YR GROWTH1

Total Pawn Receivables

PLB

INV AGED INV

(360+ DAYS % OF TOTAL INV)

1.2%

1.4%

1.5%

1.3%

$194

$140

$144

$134

$121

-4.

-5.

$79

$86

$88

-6.

-7.

-8.

-9.

Q1 2023 Q1 2024 Q1 2025 Q1 2026

and Inventories ($ in USD Millions)

Gross Profit

Retail

Segment Pre-Tax

50%

53%

34%

36%

35%

18%

16%

17%

20%

Margin Performance

+23%

$226

$184

+48%

$47

$31

2025

2026

Revenue

2025

2026

Contribution

Pawn Collateral

Jewelry Electronics Other

34%

51%

15%

AS OF 03/31/2026

FirstCash Holdings, Inc.

NASDAQ: FCFS

Market Presence Market Growth

U.K. Pawn Segment

Entry into Europe by

Acquiring 286 Locations

Stores in 3 Countries:

England 256

Scotland 26

Wales 7

Added 3 Stores in Q1 2026

Additional 2026

OPENINGS PLANNED

U.K. Pawn Segment

H&T Acquisition at a Glance

NASDAQ: FCFS

H&T Q1 2026 HIGHLIGHTS:

The first quarter of 2026 represented the second full quarter of

U.K. segment operating results since FirstCash's acquisition of

H&T effective August 14, 2025.

Total revenues of $102 million, with strong growth over the prior-year quarter (pre-acquisition) in both pawn fees and merchandise sales.

Segment pre-tax operating income of $39 million, resulting in a segment pre-tax operating margin of 39%.

Founded in 1897, H&T is the U.K.'s largest pawnbroker and a leading retailer of high-quality new and pre-owned jewelry and pre-owned watches

289 stores are conveniently located in most major towns and cities throughout England, Scotland, and Wales

Pawn receivables at March 31, 2026, totaled $215 million, an increase of 29% on both a total and same-store basis, both on a local currency basis, compared to a year ago (pre-acquisition).

full year 2026 segment income is expected to be in a range of $125 million to $135 million assuming the current GBP exchange rate.

FirstCash Holdings, Inc.

NASDAQ: FCFS

Retail POS Payment Solutions Segment

Gross Transaction Volume & Merchant Diversification

NASDAQ: FCFS

Total first quarter origination volume increased 3% YoY; driven by contributions from both new doors (+14% YoY) and expanding non-furniture merchant relationships

$1,029

Gross Transaction Volume

$1,079

$1,022

$1,028

20231

2024 1

2025

TTM Q1 2026

100%

POS Payment Transaction

Originations by Product Category

19%

21%

18%

17%

23%

20%

15%

20%

10%

12%

11%

10%

19%

18%

22%

24%

25%

61%

27%

52%

48%

37%

23%

21%

75%

50%

25%

FirstCash Holdings, Inc.

1 INCLUDES GROSS TRANSACTION VOLUMES FROM MERCHANT PARTNER BANKRUPTCIES IN LATE 2024 (INDICATED BY GRAY SHADING)

2021 2022 2023 2024 2025 YTD Q1 2026

Disclaimer

Firstcash Holdings Inc. published this content on April 24, 2026, and is solely responsible for the information contained herein. Distributed via Public Technologies (PUBT), unedited and unaltered, on April 24, 2026 at 21:56 UTC.