Consumer Portfolio Services Inc. $(CPS)$ has reported its financial results for the first quarter of 2025, highlighting a significant increase in revenues. The company reported revenues of $106.9 million, marking a 16.6% increase from $91.7 million in the same period of 2024. Net income for the first quarter of 2025 was $4.7 million, or $0.19 per diluted share, compared to $4.6 million, or $0.19 per diluted share, in the first quarter of 2024. CPS also achieved a total portfolio balance of $3.615 billion, the highest in the company's history, up from $3.491 billion at the end of 2024 and $3.021 billion as of March 31, 2024. New contract purchases totaled $451.2 million, an increase from $346.3 million in the first quarter of 2024, although slightly down from $457.8 million in the fourth quarter of 2024. The company reported annualized net charge-offs of 7.54% of the average portfolio, showing a slight improvement from 7.84% in the first quarter of 2024. Delinquencies greater than 30 days, including repossession inventory, were 12.35% as of March 31, 2025, a minor decrease from 12.39% as of March 31, 2024. CPS continues to focus on driving the company forward, with the first quarter of 2025 marking the highest amount in new loan originations for any first quarter in its history.
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