---
schema_version: "secwatch.filing_event.v1"
accession: "0001157523-22-000913"
form_type: "8-K"
ticker: "WRLD"
cik: "0000108385"
company_name: "WORLD ACCEPTANCE CORP"
filed_at: "2022-07-27T23:59:59+00:00"
generated_at: "2026-06-24T08:00:00.045059+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# World Acceptance Q1 net loss of $8.8M, adjusted EPS $1.15; loans up 34% but charge-offs surge

## Summary
- Net loss $8.8M ($1.53 diluted loss) vs prior-year net income $15.8M ($2.44 EPS); adjusted net income $6.6M ($1.15 adjusted EPS).
- Revenues $157.6M (+21.5% YoY) driven by 34.2% loan growth to $1.64B; customer base up 11.4%.
- Provision for credit losses surged to $85.8M from $30.3M; net charge-offs $64.4M (22.3% annualized) vs $24.1M (11.4%).
- 61+ day delinquency rose to 6.9% from 4.0% YoY; allowance for credit losses 13.0% of net loans.
- Amended credit facility: increased fixed charge coverage ratio to 2.25x–2.75x through June 2023.

## SEC filing metadata
- accession: 0001157523-22-000913
- form_type: 8-K
- ticker: WRLD
- cik: 0000108385
- company_name: WORLD ACCEPTANCE CORP
- filed_at: 2022-07-27T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 1.01, 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/108385/000115752322000913/0001157523-22-000913-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/108385/000115752322000913/a52792669.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001157523-22-000913
- JSON: https://secwatch.observer/filing/0001157523-22-000913.json
- Plain text: https://secwatch.observer/filing/0001157523-22-000913.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.