"The reduced ledger and increased customer base are a result of our continued efforts to reduce our outstanding average balance per customer."
— Chad Prashad
03Detailed Report
WRLD
World Acceptance Corporation
Period
Q4 2025
CurrencyUSD
Report TypeQuarterly Earnings
GeneratedJun 14, 2026
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Executive Summary
In Q4 2025, World Acceptance Corporation (WRLD) reported a total revenue of $165.27 million, reflecting a year-over-year increase of 3.77%. Operating income rose by 15.15% to $67.21 million, indicative of improved operational efficiency amid a challenging market. Notably, net income surged by 26.29% to $44.28 million, supported by a one-time benefit from share-based compensation accrual release. Despite a 4% contraction in the outstanding ledger, the company's customer base expanded by 3.5%, marking the first customer growth since FY2022. This positive trend in customer acquisition underscores the effectiveness of management's strategic initiatives aimed at enhancing customer engagement and retention. However, current and prospective investors should remain vigilant about the persistent elevated delinquency rates and the accompanying impacts on overall financial health.
Key Performance Indicators
Revenue
Increasing
165.27M
QoQ: -99.88% | YoY: 3.77%
Gross Profit
Decreasing
132.25M
80.02% margin
QoQ: -99.90% | YoY: -15.49%
Operating Income
Increasing
67.22M
QoQ: -99.90% | YoY: 15.15%
Net Income
Increasing
44.28M
QoQ: 230.72% | YoY: 26.29%
EPS
Increasing
8.13
QoQ: 230.49% | YoY: 29.87%
Revenue Trend
Margin Analysis
Financial Highlights
Key Financial Metrics Q4 2025:
- Revenue: $165.27 million, vs. $159.29 million in Q4 2024 (YoY +3.77%)
- Operating Income: $67.22 million, vs. $58.49 million in Q4 2024 (YoY +15.15%)
- Net Income: $44.28 million, vs. $35.01 million in Q4 2024 (YoY +26.29%)
- EPS: $8.13, vs. $6.26 in Q4 2024 (YoY +29.87%)
- Gross Profit Margin: 80.02%
- Operating Income Margin: 40.67%
- Net Income Margin: 26.79% Liquidity Ratios:
- Current Ratio: 19.32
- Quick Ratio: 19.32
- Debt-to-Equity Ratio: 1.196 Year-over-Year Portfolio Changes:
- Outstanding Ledger: $1.22 billion (4% decline)
- Customer Growth: 3.5% increase, marking a return to growth post-FY2022.
Income Statement
Metric
Value
YoY Change
QoQ Change
Revenue
165.27M
3.77%
-99.88%
Gross Profit
132.25M
-15.49%
-99.90%
Operating Income
67.22M
15.15%
-99.90%
Net Income
44.28M
26.29%
230.72%
EPS
8.13
29.87%
230.49%
Key Financial Ratios
Gross Profit Margin
Excellent
80.00%
Gross profit margin is exceptional, indicating strong pricing power and operational efficiency
Operating Profit Margin
Excellent
40.70%
Operating margin is exceptional, indicating strong pricing power and operational efficiency
Net Profit Margin
Excellent
26.80%
Net profit margin is exceptional, indicating strong pricing power and operational efficiency
Return on Assets
Fair
4.39%
Return on assets is acceptable but below top-tier companies
Return on Equity
Fair
10.10%
Return on equity is acceptable but below top-tier companies
Current Ratio
Strong
19.32
Current ratio indicates excellent liquidity and financial flexibility
Debt to Equity
High Risk
1.20
Debt-to-equity indicates high leverage and elevated financial risk
P/E Ratio
Value
3.89x
P/E ratio suggests potential undervaluation or stable earnings
Price to Book
Fair Value
1.57x
Price-to-book ratio reasonable for profitable companies
Management Insights Available for Members
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