EZCORP Inc's stock surged 7.95% in pre-market trading following the release of its second quarter fiscal 2026 results, which significantly exceeded analyst expectations.
The pawn lender reported adjusted earnings per share of $0.58, beating the consensus estimate of $0.41 by 41%. Revenue climbed 46% year-over-year to $446.9 million, well above the $390.7 million analysts had anticipated. Net income attributable to EZCORP increased 93% to $49.1 million, while adjusted EBITDA rose 76% to $76.9 million, also surpassing expectations.
The strong performance was driven by multiple factors including the acquisition of Founders One and its Simple Management Group subsidiary, continued strong demand for pawn services, and favorable gold prices that boosted jewelry scrap sales margins. The company's pawn loans outstanding increased 33% to $349.4 million, reaching a record high.