---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-25-023343"
form_type: "8-K"
ticker: "WRLD"
cik: "0000108385"
company_name: "WORLD ACCEPTANCE CORP"
filed_at: "2025-07-24T23:59:59+00:00"
generated_at: "2026-05-18T01:56:30.130005+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# World Acceptance Q1 net income $1.3M ($0.25 EPS), revenue up 2.3%; new $640M credit facility, $100M buyback authorized

## Summary
- Q1 net income $1.3M ($0.25 diluted EPS) vs $9.9M ($1.79) YoY; revenue $132.5M (+2.3% YoY).
- Provision for credit losses $50.5M, up $5.1M YoY; net charge-offs 19.4% annualized vs 16.4%.
- Gross loans $1.26B, down 0.8% YoY but up 3.2% sequentially; customer base +4.0% YoY.
- Entered new 3-yr $640M senior secured asset-based credit facility (accordion to $790M); terminates prior $730M facility.
- Redeeming all $168.3M 7% senior secured notes due 2026 at 101.75% of par; Board authorized $100M share buyback.

## SEC filing metadata
- accession: 0001437749-25-023343
- form_type: 8-K
- ticker: WRLD
- cik: 0000108385
- company_name: WORLD ACCEPTANCE CORP
- filed_at: 2025-07-24T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 1.01, 1.02, 2.02, 2.03, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/108385/000143774925023343/0001437749-25-023343-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/108385/000143774925023343/wrld20250722_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-25-023343
- JSON: https://secwatch.observer/filing/0001437749-25-023343.json
- Plain text: https://secwatch.observer/filing/0001437749-25-023343.txt

## Key facts
- Debt Financings
  WORLD ACCEPTANCE CORP incurred revolving credit of aggregate commitments of the Lenders of $640.0 million, with an accordion feature that can increase the aggregate commit with Bank of Montreal, as Administrative Agent and Collateral Agent maturing three-year senior secured asset-based credit facility.
  - Instrument: revolving credit
  - Principal: aggregate commitments of the Lenders of $640.0 million, with an accordion feature that can increase the aggregate commit
  - Counterparty: Bank of Montreal, as Administrative Agent and Collateral Agent
  - Maturity: three-year senior secured asset-based credit facility
  - Event: incurrence
  source text: the Company’s Prior Credit Facility (as defined in Item 1.02 below). The Revolving Credit Agreement provides, among other things, aggregate commitments of the Lenders of $640.0 million, with an accordion feature that can increase the aggregate commitments by $150.0 million (for a total commitment, if the full accordion is borrowed, of $790.0 million). The
  evidence_url: https://www.sec.gov/Archives/edgar/data/108385/000143774925023343/0001437749-25-023343-index.htm

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