Category 10
Payday lending and high-cost consumer finance
Public lenders and specialty-finance companies with direct exposure to payday, pawn, title, high-cost installment, or collection economics.
Classification and underwriting
- Category definition
- Public lenders and specialty-finance companies with direct exposure to payday, pawn, title, high-cost installment, or collection economics.
- Inclusion rules
- payday lending
- title loans
- pawn
- high-cost installment
- debt collection
- Exclusion rules
- mainstream banks unless high-cost lending is primary
- Value-chain roles
- direct lender
- pawn operator
- installment lender
- loan platform
- debt purchaser and collector
- Exposure measurement
- Revenue and receivables by product, fee or interest yield, borrower channel, geography, and credit vintage.
- Core operating signals
- revenue yield
- net charge-offs
- delinquency
- repeat-customer mix
- originations
- collection rate
- cost of funds
- Underwriting variables
- unit economics
- credit quality
- acquisition cost
- funding access
- licensing geography
- collections
- Failure conditions
- regulatory prohibition
- loss-rate spike
- funding withdrawal
- customer-acquisition failure
- license loss
- Monitoring triggers
- charge-off guidance
- delinquency trends
- CFPB and state action
- funding spreads
- product-mix changes
- Portfolio use
- High-yield specialty-finance exposure constrained by credit losses, funding access, and jurisdictional rules.
Payday lending and high-cost consumer finance company research
Latest annual filing available through SEC EDGAR. Fiscal periods and currencies remain separate.
| Company | Revenue | Operating margin | Net margin | Operating cash flow | Assets | Liabilities | Annual filing |
|---|---|---|---|---|---|---|---|
| ENVA · Enova International, Inc. | USD 3.2 B | 23.5% | 9.8% | USD 1.8 B | USD 6.5 B | USD 5.1 B | 10-K · 2025-12-31 |
| WRLD · WORLD ACCEPTANCE CORP | USD 176 M | Not separately reported | 20.1% | USD 259 M | USD 1.1 B | USD 703 M | 10-K · 2026-03-31 |
| FCFS · FirstCash Holdings, Inc. | USD 1.7 B | Not separately reported | 19.8% | USD 586 M | USD 5.3 B | USD 3 B | 10-K · 2025-12-31 |
| EZPW · EZCORP INC | USD 1.3 B | 11.7% | 8.6% | USD 149 M | USD 2 B | USD 926 M | 10-K · 2025-09-30 |
Research coverage only. No row identifies a holding, ranking, recommendation, target price, or performance result.