---
schema_version: "secwatch.filing_event.v1"
accession: "0001683168-23-002660"
form_type: "8-K"
ticker: "CPSS"
cik: "0000889609"
company_name: "CONSUMER PORTFOLIO SERVICES, INC."
filed_at: "2023-04-27T23:59:59+00:00"
generated_at: "2026-06-16T10:42:19.813948+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# CPS Q1 net income falls to $13.8M ($0.54/diluted) from $21.1M; revenues up 12%

## Summary
- Revenue $83.1M (+11.7% YoY) but pretax income $18.4M vs $29.3M in 2022.
- Net income $13.8M ($0.54/diluted) vs $21.1M ($0.75) prior year; operating expenses rose to $64.7M.
- New contract purchases $415.2M; portfolio receivables $2.882B (+24% YoY).
- Annualized net charge-offs 5.20% (vs 3.29%); delinquencies >30 days 9.92% (vs 8.59%).
- CEO cites strong start, but credit metrics worsened amid economic headwinds.

## SEC filing metadata
- accession: 0001683168-23-002660
- form_type: 8-K
- ticker: CPSS
- cik: 0000889609
- company_name: CONSUMER PORTFOLIO SERVICES, INC.
- filed_at: 2023-04-27T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/889609/000168316823002660/0001683168-23-002660-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/889609/000168316823002660/cps_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001683168-23-002660
- JSON: https://secwatch.observer/filing/0001683168-23-002660.json
- Plain text: https://secwatch.observer/filing/0001683168-23-002660.txt

## Key facts
- Earnings Releases
  CONSUMER PORTFOLIO SERVICES, INC. reported first quarter ended March 31, 2023 results: revenue $83.1 million, net income $13.8 million, EPS $0.54 per diluted share.
  - Period: first quarter ended March 31, 2023
  - Revenue: $83.1 million
  - Net income: $13.8 million
  - EPS: $0.54 per diluted share
  - Result: reported results
  source text: CPS ANNOUNCES FIRST QUARTER 2023 EARNINGS § Revenues of $83.1 million compared to $74.4 million in the prior year period § Pretax income of $18.4 million § Net income of $13.8 million, or $0.54 per diluted share § New contract purchases of $415.2 million LAS VEGAS, NV, April 26, 2023 (GlobeNewswire) -- Consumer Portfolio Services, Inc. (Nasdaq: CPSS) (“CPS” or the “Company”) today announced earnings of $13.8 million, or $0.54 per diluted share, for its first quarter ended March 31, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/889609/000168316823002660/0001683168-23-002660-index.htm

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