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Earnings analysis · 10-K

WRLD earnings analysis

Filed June 5, 2026 · Our reading of the company's report

The latest report

World Acceptance Corporation's 10-K report for fiscal 2026 reflects a modest revenue increase of 3.7% to $585.2 million compared to fiscal 2025, despite a significant net income decline of 61.2% to $34.6 million. The…

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World Acceptance Corporation's 10-K report for fiscal 2026 reflects a modest revenue increase of 3.7% to $585.2 million compared to fiscal 2025, despite a significant net income decline of 61.2% to $34.6 million. The company faces challenges including rising costs and high debt levels, with a debt-to-equity ratio at 1.7, noting a competitive market environment.

Read the original on SEC.gov

From revenue to operating profit

Where each $100 of revenue went in this report.

Of every $100 of revenue Cost of sales $9 Operating expenses $79 Left as operating profit $12

Cost of sales, operating expenses, and what remained. Figures are rounded to whole dollars.

Reported figures

Earnings per share
$7.7

What stood out

  • Modest Revenue Growth

    Revenue increased to $585.2 million, up 3.7% from $564.3 million in fiscal 2025.

  • Strong Gross Margins

    Gross margin was reported at 91.6%, showing resilience despite rising costs.

  • High Free Cash Flow

    Free cash flow for fiscal 2026 was $229 million, highlighting strong cash generation.

  • Steady Operational Income

    Operating income remained positive at $71.5 million despite margin pressures.

  • Sustained Market Presence

    Retained significant market share in its competitive lending space, maintaining relevance.

  • Shareholder Returns

    Continued dividends, reflecting ongoing commitment to returning capital to shareholders.

What to watch

  • Declining Net Income

    Net income declined 61.2% to $34.6 million, indicating severe profitability pressure.

  • High Debt Levels

    Debt-to-equity ratio stands at 1.7, implicating increased financial risk.

  • Rising Operational Costs

    Examined increases in operational expenditures, impacting margins and overall profitability.

Management's outlook

Annual outlook deferred to earnings press release / call.

Earlier filings 1

10-K · June 4, 2026

World Acceptance Corporation's 10-K report highlights a significant decline in net income for fiscal 2026, down 61.2% to $34.6 million compared to $89.2 million in fiscal 2025. Despite a modest revenue increase of 3.7%…

This is our reading of a public filing, not the filing itself. Analysis can contain errors; check the source document for full context.