Consumer Portfolio Services ( (CPSS) ) has released its Q2 earnings. Here is a breakdown of the information Consumer Portfolio Services presented to its investors.
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Consumer Portfolio Services, Inc. is an independent specialty finance company that provides indirect automobile financing to individuals with past credit problems or limited credit histories, primarily purchasing retail installment sales contracts from franchised automobile dealerships.
In its latest earnings report for the second quarter of 2025, Consumer Portfolio Services, Inc. (CPS) announced revenues of $109.8 million, marking a 14.5% increase from the previous year. The company also reported a net income of $4.8 million, or $0.20 per diluted share, slightly up from $4.7 million, or $0.19 per diluted share, in the same quarter of 2024.
Key financial highlights from the report include a record high in shareholder’s equity, surpassing $300 million for the first time, and new contract purchases reaching $433.0 million for the quarter. CPS’s total receivables increased to $3.708 billion as of June 30, 2025, up from $3.173 billion a year earlier. However, the company faced higher operating expenses, which rose to $102.8 million from $89.2 million in the prior year period.
Despite a slight increase in annualized net charge-offs to 7.45% from 7.26% in the previous year, CPS maintained a stable delinquency rate, with delinquencies over 30 days slightly decreasing to 13.14% from 13.29%. The company’s focus remains on improving earnings and operating efficiencies while managing the quality of credit and performance of existing loans.
Looking ahead, CPS’s management remains committed to expanding its portfolio and enhancing credit quality, despite potential challenges in the economic environment. The company’s strategic focus on operational efficiency and portfolio growth positions it for continued financial performance improvements.