---
schema_version: "secwatch.filing_event.v1"
accession: "0001157523-23-000094"
form_type: "8-K"
ticker: "WRLD"
cik: "0000108385"
company_name: "WORLD ACCEPTANCE CORP"
filed_at: "2023-01-26T23:59:59+00:00"
generated_at: "2026-06-20T07:48:29.324763+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# World Acceptance Q3 net income drops to $5.8M; customer base down 13.7% YoY

## Summary
- Net income $5.8M ($0.98 diluted EPS) vs $7.3M ($1.14) prior year; revenue $146.5M (-1.4% YoY).
- Gross loans $1.55B, down 3.2% YoY; customer base decreased 13.7% over trailing 12 months.
- 0-89 day past due improved to 20.5% from 23.5% sequentially; tightened underwriting reduced new borrower originations.
- Adjusted net loss (excl CECL) $4.5M ($0.78 loss/sh) vs adjusted income $25.0M ($3.90) prior year.
- Nine-month operating cash flow $203.3M, up 21.5% YoY.

## SEC filing metadata
- accession: 0001157523-23-000094
- form_type: 8-K
- ticker: WRLD
- cik: 0000108385
- company_name: WORLD ACCEPTANCE CORP
- filed_at: 2023-01-26T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/108385/000115752323000094/0001157523-23-000094-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/108385/000115752323000094/a53291471.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001157523-23-000094
- JSON: https://secwatch.observer/filing/0001157523-23-000094.json
- Plain text: https://secwatch.observer/filing/0001157523-23-000094.txt

## Key facts
- Earnings Releases
  WORLD ACCEPTANCE CORP reported third quarter of fiscal 2023 results: revenue $146.5 million, net income $5.8 million, EPS $0.98.
  - Period: third quarter of fiscal 2023
  - Revenue: $146.5 million
  - Net income: $5.8 million
  - EPS: $0.98
  - Result: reported results
  source text: World Acceptance Corporation (the “Company”) (NASDAQ: WRLD) today reported financial results for its third quarter of fiscal 2023 and nine months ended December 31, 2022. Third quarter highlights During its third fiscal quarter, World Acceptance Corporation slowed its growth in both loan balances and customer base by reducing new borrower marketing spend and tightening its overall underwriting requirements. Management believes that continuing to conservatively manage investment in the Company’s highest credit-risk customers, including lower credit-grade new customers, is prudent given current economic uncertainties. Highlights from the third quarter include: Net income of $5.8 million Diluted net income per share of $0.98 Significant decrease in 0-89 days past due accounts from 23.5% at September 30, 2022 to 20.5% at December 31, 2022 Gross loans outstanding of $1.55 billion, a 3.2% decrease from same quarter prior year Total revenues of $146.5 million, a 1.4% decrease from the same qu
  evidence_url: https://www.sec.gov/Archives/edgar/data/108385/000115752323000094/0001157523-23-000094-index.htm

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