secwatch.observer — SEC 8-K summary
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Issuer:     WORLD ACCEPTANCE CORP (WRLD)
CIK:        0000108385
Form:       8-K
Filed at:   2026-04-30T23:59:59+00:00
Accession:  0001437749-26-013984
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

World Acceptance Q4 net income falls 18% to $36.5M; gross loans up 4.4% YoY
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- Net income $36.5M ($7.70 diluted EPS) vs $44.3M ($8.13) in Q4 FY25, a decline of $7.8M.
- Gross loans outstanding $1.28B, +4.4% YoY; new customer loans decreased to 8.2% of portfolio.
- Provision for credit losses $36.8M (+$3.8M YoY); net charge-offs 18.7% of avg loans vs 18.5%.
- G&A expenses $81.5M (+23.6%); personnel expense up 33.2% due to share-based comp and hiring.
- FY26 net income $35.0M ($6.97 EPS) vs $89.7M ($16.30) in FY25; debt-to-equity ratio 1.7:1.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/108385/000143774926013984/0001437749-26-013984-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/108385/000143774926013984/wrld20260429_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-26-013984

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer