Reported Q: Q1 2024 Rev YoY: +82.3% EPS YoY: -67.7% Move: -2.19%
Consumer Portfolio
CPSS
$7.60 -2.19%
Exchange NASDAQ Sector Financial Services Industry Financial Credit Services
Q1 2024
Published: May 10, 2024

Company Status Snapshot

Fast view of the latest quarter outcome for CPSS

Reported

Report Date

May 10, 2024

Quarter Q1 2024

Revenue

91.74M

YoY: +82.3%

EPS

0.19

YoY: -67.7%

Market Move

-2.19%

Previous quarter: N/A

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Earnings Highlights

  • Revenue of $91.74M up 82.3% year-over-year
  • EPS of $0.19 decreased by 67.7% from previous year
  • Gross margin of 56.0%
  • Net income of 4.59M
  • ""we're now turning the corner on what's been a very big struggle for most everyone in our industry"" - Charles Bradley
CPSS
Company CPSS

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Executive Summary

CPSS reported Q1 2024 revenue of $91.7 million, a meaningful sequential improvement with a 10% YoY increase in revenue and a 11.3% yield on the fair-value portfolio, notwithstanding a reset in legacy CECL provisions. Net income of $4.6 million and diluted EPS of $0.19 reflect higher financing costs tied to rising rates, offset by growth in new originations and a record portfolio size. The company disclosed a diversified growth trajectory anchored by a 3.02 billion portfolio (the highest in 33 years) and an origination pace of $346 million for the quarter. Management highlighted a turn in the profitability cycle as new paper performs better, enhanced dealer relationships, and a continued focus on non-price levers (originations efficiency, underwriting accuracy, and AI-enabled fraud reductions). The balance sheet remains capital-light in terms of equity but highly levered via securitized debt, underpinned by robust cash generation and a strategic push into larger dealer groups. The near-term trajectory appears favorable if CPSS sustains volume growth, while macro credit risk, rate volatility, and deleveraging challenges remain key monitoring channels.

Key Performance Indicators

Revenue
Increasing
91.74M
QoQ: 95.19% | YoY: 82.25%
Gross Profit
Increasing
51.41M
56.04% margin
QoQ: 9.38% | YoY: 2.13%
Operating Income
Decreasing
6.56M
QoQ: 74.81% | YoY: -64.37%
Net Income
Decreasing
4.59M
QoQ: -36.13% | YoY: -66.79%
EPS
Decreasing
0.22
QoQ: -35.29% | YoY: -67.65%

Revenue Trend

Margin Analysis

Historical Earnings Comparison

PeriodRevenue ($M)EPS ($)YoY GrowthReport
Q1 2025 106.87 0.19 +16.5% View
Q4 2024 105.30 0.21 +124.0% View
Q3 2024 100.58 0.20 +85.6% View
Q2 2024 95.88 0.19 +95.1% View
Q1 2024 91.74 0.19 +82.3% View