International Money Express ( (IMXI) ) has released its Q2 earnings. Here is a breakdown of the information International Money Express presented to its investors.
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International Money Express, Inc. (Intermex) is a leading provider of global omnichannel money transfer services, primarily focusing on transactions to Latin America and the Caribbean. The company leverages proprietary technology to facilitate money transfers from the United States and several other countries to over 60 destinations worldwide.
In its second-quarter earnings report for 2025, Intermex reported a decline in revenue and net income compared to the previous year. The company faced a 6.1% drop in total revenues, amounting to $161.1 million, and a 21.4% decrease in net income, which stood at $11.0 million. Despite these challenges, Intermex saw growth in its digital product offerings and an increase in the average principal sent per transaction.
Key financial metrics revealed that the company’s diluted earnings per share decreased by 11.9% to $0.37, and adjusted diluted earnings per share fell by 7.3% to $0.51. Adjusted EBITDA also saw a decline of 7.4%, totaling $28.8 million. The company attributed these declines to reduced service fees and transaction costs related to past mergers and acquisitions, although they were partially offset by lower service charges from agents and banks.
Looking forward, Intermex is set to be acquired by The Western Union Company in an all-cash merger, with each share valued at $16.00. The completion of this merger is contingent upon certain conditions, and the company has ceased providing financial guidance due to the pending acquisition.
Overall, while Intermex faced financial challenges in the second quarter, its strategic focus on digital growth and the impending acquisition by Western Union could potentially reshape its future trajectory.