Greenville, South Carolina, October 24, 2025
News Summary
World Acceptance Corp. has reported a loss of $1.9 million in its fiscal second quarter, a stark contrast to a net income of $22.1 million from the same period last year. Total revenue reached $134.5 million, yet was negatively impacted by a rise in operating expenses, which escalated by over 55%. Despite the downturn in profit, customer activity showed promise with a 40.4% increase in new borrowing, indicating a potential recovery path for the finance company based in Greenville, South Carolina.
Greenville, South Carolina – World Acceptance Corp. Reports $1.9 Million Loss in Fiscal Second Quarter
World Acceptance Corp. (WRLD) announced a loss of $1.9 million in its fiscal second quarter, translating to a loss per share of 38 cents. The results, which were released on [INSERT DATE], significantly contrast with the previous year’s net income of $22.1 million reported for the same quarter.
Total revenue for the quarter came to $134.5 million, although this revenue was overshadowed by sharp increases in operating expenses. General and administrative expenses rose by $25.6 million, or 55.3%, reaching $72 million compared to $46.4 million in the previous year. Consequently, the company’s gross loans outstanding increased by $51.2 million, or 4.0%, amounting to $1.26 billion as of June 30, 2025.
Key Financial Metrics
The company’s reported net loss per diluted share this quarter was $0.38, contrasting with a net income of $3.99 per diluted share from the same quarter last year. Interest and fee income saw a modest increase of 4.4%, climbing from $113.9 million to $119 million year-over-year. However, insurance income experienced a decrease of 3.6%, falling from $12.3 million to $11.9 million.
Customer Growth and Borrowing Trends
Despite the loss, there was a noticeable growth in customer activity. New customer borrowing surged by 40.4% compared to the same quarter in the prior year, marking a significant shift in the company’s performance. The total customer base grew by 6.2% over the twelve-month period ended September 30, 2025, with the number of unique borrowers increasing by 5.8%. As of September 30, 2025, the company boasted 1,013 open branches.
Additionally, the allowance for credit losses was $117.8 million, reflecting a slight increase of $3.3 million from the prior year’s $114.5 million. Annualized net charge-offs as a percentage of average net loans receivable increased from 17.0% in the first six months of fiscal 2025 to 18.3% in fiscal 2026.
Stock Repurchase and Overall Revenue
World Acceptance Corp. repurchased 385,867 shares during the quarter at a cost of approximately $66.6 million. For the six-month period, total revenues increased by 2.3% to $266.9 million, up from $260.9 million in the previous year. While the figures indicate some signs of growth, the increasing operational costs continue to be a concern for the company’s overall profitability.
Background on World Acceptance Corp.
World Acceptance Corp. is a people-focused finance company based in Greenville, South Carolina, operating over 1,000 branches across 16 states. The company primarily serves customers with limited access to credit, providing various financial services to help meet their needs in challenging financial landscapes.
Frequently Asked Questions
What was World Acceptance Corp.’s loss in the fiscal second quarter?
World Acceptance Corp. reported a loss of $1.9 million in its fiscal second quarter.
What was the loss per share for World Acceptance Corp.?
The loss per share was 38 cents.
What was the total revenue for World Acceptance Corp. in the fiscal second quarter?
Total revenue for the quarter was $134.5 million.
How did the recent loss compare to the previous year’s net income?
The loss this year marks a significant decline from the previous year’s net income of $22.1 million for the same quarter.
What were the general and administrative expenses for World Acceptance Corp.?
General and administrative expenses rose by $25.6 million (55.3%) to $72 million compared to $46.4 million in the prior year.
What was the company’s insurance income in the fiscal second quarter?
Insurance income decreased by 3.6% to $11.9 million.
Deeper Dive: News & Info About This Topic
HERE Resources
World Acceptance Corporation Announces Online Earnings Call
World Acceptance Corp. Reports Strong First Quarter Earnings
Additional Resources
- Herald Review: World Acceptance Fiscal Q2 Earnings Snapshot
- Business Wire: World Acceptance Corporation Reports Fiscal 2025 Fourth Quarter Results
- MarketScreener: World Acceptance Fiscal Q2 Earnings Snapshot
- Encyclopedia Britannica: World Acceptance Corporation
- Google Search: World Acceptance Corporation
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