International Money Express, Inc.IMXI

International Money Express, Inc. Earnings Per Share Disclosure

10-KFiled Mar 6, 20262 min read
EARNINGS PER SHARE
Basic earnings per share is calculated by dividing net income for the year by the weighted average number of common shares outstanding for the period. In computing dilutive earnings per share, basic earnings per share is adjusted for the assumed issuance of all applicable potentially dilutive share-based awards, including common stock options, RSUs, RSAs and PSUs. Shares of treasury stock are not considered outstanding and therefore are excluded from the weighted-average number of common shares outstanding calculation.

Below are basic and diluted earnings per share for the periods indicated (in thousands, except for share data):

Year Ended December 31,
202520242023
Net income for basic and diluted income per common share$32,671 $58,821 $59,515 
Shares:
Weighted-average common shares outstanding – basic29,938,268 32,430,755 35,604,582 
Effect of dilutive securities
Stock options23,473 119,503 290,830 
PSUs88,049 159,146 366,321 
RSUs97,006 89,121 109,886 
RSAs34,398 51,972 58,095 
Weighted-average common shares outstanding – diluted30,181,194 32,850,497 36,429,714 
Earnings per common share - basic$1.09 $1.81 $1.67 
Earnings per common share - diluted$1.08 $1.79 $1.63 

As of December 31, 2025, there were 30.0 thousand stock options, 206.3 thousand RSUs and 159.5 thousand RSAs excluded from the diluted earnings per share calculation because, under the treasury stock method, the inclusion of these would be anti-dilutive.

As of December 31, 2024, there were 241.1 thousand RSUs and 113.0 thousand RSAs excluded from the diluted earnings per share calculation because, under the treasury stock method, the inclusion of these would be anti-dilutive.
As of December 31, 2023, there were 144.2 thousand RSUs, 58.4 thousand RSAs, and 136.9 thousand PSUs excluded from the diluted earnings per share calculation because, under the treasury stock method, the inclusion of these would be anti-dilutive.

As discussed in Note 15, during the years ended December 31, 2025 and 2024, the Company purchased 1,348,214 shares and 3,765,320 shares, respectively, for an aggregate purchase price of $16.3 million and $75.1 million, respectively. The effect of these repurchases on the Company’s weighted average shares outstanding for the years ended December 31, 2025 and 2024 was a reduction of 916,155 and 1,775,956 shares, respectively, due to the timing of the repurchases.

Historical Timeline

Fiscal YearFiled
2025Mar 6, 2026Showing above
2024Feb 27, 2025
2023Feb 28, 2024
2022Mar 15, 2023
2021Mar 7, 2022

About Earnings Per Share Disclosures

The earnings per share disclosure breaks down the calculation from net income to both basic and diluted EPS, revealing the full impact of a company's capital structure on per-share economics. The reconciliation between basic and diluted share counts exposes how many stock options, RSUs, convertible securities, and warrants are potentially dilutive to existing shareholders.

Key signals: a widening gap between basic and diluted shares indicates growing dilution from equity compensation or convertible instruments. Anti-dilutive securities excluded from the diluted calculation deserve attention — they represent latent dilution that will materialize if the stock price rises. Watch for the effect of share buybacks on per-share metrics: EPS growth driven primarily by repurchases rather than income growth signals weakening fundamentals. Compare year-over-year changes in the diluted share count against equity compensation expense to assess whether management is effectively managing dilution.

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