WRLD
World Acceptance Corporation146.84
+1.17+0.8%
Dec 16, 4:00:00 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
FY Q3 '26
Q&A flags staffing reset, steady consumer
Q&A clarified that recent field headcount increases built a quality bench ahead of planned 3-5% reductions to replace underperformers weak on collections and engagement—temporary overstaffing now poised for quick reversal this quarter. Consumer health held steady with no collections or credit slips despite fall auto worries, plus lower acquisition costs for prime new customers and strong early tax filing demand from bigger refunds via tax code tweaks. Incentives expense cliffs in Q4 should ease G&A pressures. A hypothetical 10% credit card cap could boost installment loan demand without hurting their tiny card book. Management stayed crisp and forward-leaning. Investors watch staffing execution and tax lift.
Key Stats
Market Cap
799.66MP/E (TTM)
14.11Basic EPS (TTM)
10.41Dividend Yield
0%Recent Filings
8-K
Turner named COO
World Acceptance appointed J. Tobin Turner, 51, as Executive VP and COO effective February 13, 2026, promoting him from SVP of Marketing and Analytics since 2023. He gets $450,000 base salary, 6,000 time-based RSAs vesting quarterly over 3 years, and 2,500 performance RSAs tied to $18.40 EPS from June 2025–March 2027. Promotion bolsters operations. Risks include key personnel retention.
8-K
Approves $50M buyback program
World Acceptance Corporation's board approved a $50.0 million share repurchase program on February 11, 2026, inclusive of prior authorizations. Repurchases hinge on stock price, regulatory limits, and Revolving Credit Agreement restrictions. Program can halt anytime. Flexibility aids capital allocation.
10-Q
Q3 FY2026 results
World Acceptance's Q3 FY2026 revenues rose 1.9% y/y to $141.3M on 1.5% higher gross loans of $1.4B, yet swung to a $0.9M net loss from $13.4M profit as provision for credit losses jumped 16.6% y/y to $51.4M (derived) and personnel costs soared 24.9% y/y on $5.4M stock-based comp. Net charge-offs climbed to 18.7% of average net loans (derived), reflecting new customer growth. Operating cash flow held steady at $164.8M YTD; cash hit $10.0M with $42.2M restricted, funding $95.4M stock buybacks while drawing down $575.7M revolver (due 2028) and $101.5M warehouse (due 2027). Debt refinanced via new facilities. CFPB payment rules loom.
8-K
Loans grow; net loss hits
World Acceptance reversed years of shrinking loans, growing gross loans outstanding 1.5% year-over-year to $1.40 billion as of December 31, 2025, fueled by 16.6% higher new customer originations and a 4.1% larger customer base. Revenues rose 1.9% to $141.3 million, yet a $51.4 million provision for credit losses—up $7.3 million—drove a $0.9 million net loss. Growth demands reserves. Repurchased $15.0 million in shares.
8-K
Dyer retires March 2026
World Acceptance announced Executive VP and Chief Branch Operations Officer D. Clinton Dyer's retirement effective March 31, 2026, after 30 years. Compensation includes $550,000 over 24 months, COBRA premiums for 18 months, and full vesting of time-based equity. J. Tobin Turner steps in as interim head. Succession planning carries retention risks.
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