FCFS 📈 FirstCash - Overview

FirstCash Holdings, Inc. is a multinational company that operates a network of retail pawn stores across the United States, Mexico, and other Latin American countries. The company's business is divided into three primary segments: U.S. Pawn, Latin America Pawn, and Retail POS Payment Solutions. Through its pawn stores, the company provides short-term loans to individuals who pledge personal property as collateral, including items such as jewelry, electronics, tools, and musical instruments. In addition to lending, the company also retails merchandise that has been acquired through collateral forfeitures on unpaid loans or purchased directly from customers.

The company's Retail POS Payment Solutions segment focuses on providing payment solutions to merchants, including layaway and other financing options, across a network of traditional and e-commerce partners. This allows customers to purchase products and services from these merchants using alternative payment methods. FirstCash Holdings, Inc. primarily serves consumers who are cash or credit-constrained, providing them with access to financial services and products that might not be available through traditional banking channels. The company's operations are designed to provide a range of financial services to underserved populations, helping to meet their short-term financial needs.

FirstCash Holdings, Inc. has a long history, dating back to its incorporation in 1988. The company is headquartered in Fort Worth, Texas, and has undergone changes over the years, including a name change from FirstCash, Inc. to FirstCash Holdings, Inc. in December 2021. The company's common stock is listed on the NASDAQ stock exchange under the ticker symbol FCFS, and it is classified within the Consumer Finance sub-industry. With a strong presence in the United States and Latin America, FirstCash Holdings, Inc. continues to expand its operations and provide financial services to a growing customer base.

The company's business model is designed to generate revenue through a combination of interest on loans, sales of merchandise, and fees associated with its payment solutions. By providing a range of financial services and products, FirstCash Holdings, Inc. is able to attract and retain customers, while also generating revenue and driving growth. The company's operations are subject to various regulations and laws, and it must comply with these requirements in order to maintain its licenses and continue operating in its respective markets. Overall, FirstCash Holdings, Inc. is a leading provider of financial services to underserved populations, and its business model is designed to meet the evolving needs of its customers.