---
schema_version: "secwatch.filing_event.v1"
accession: "0001683168-23-007876"
form_type: "8-K"
ticker: "CPSS"
cik: "0000889609"
company_name: "CONSUMER PORTFOLIO SERVICES, INC."
filed_at: "2023-11-13T23:59:59+00:00"
generated_at: "2026-06-08T05:57:26.705300+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# CPSS Q3 net income falls 59% to $10.4M; credit costs rise sharply

## Summary
- Net income of $10.4M ($0.41 diluted EPS) vs $25.4M ($0.95) in Q3 2022.
- Revenue up 2% to $92.1M; pretax income plunges to $14.2M from $34.3M.
- New contract purchases dropped 31% YoY to $322.4M from $468.2M.
- Annualized net charge-offs rose to 6.86% of avg portfolio from 4.93%.
- Delinquencies >30 days increased to 13.31% of total portfolio from 10.85%.

## SEC filing metadata
- accession: 0001683168-23-007876
- form_type: 8-K
- ticker: CPSS
- cik: 0000889609
- company_name: CONSUMER PORTFOLIO SERVICES, INC.
- filed_at: 2023-11-13T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/889609/000168316823007876/0001683168-23-007876-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/889609/000168316823007876/cps_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001683168-23-007876
- JSON: https://secwatch.observer/filing/0001683168-23-007876.json
- Plain text: https://secwatch.observer/filing/0001683168-23-007876.txt

## Key facts
- Earnings Releases
  CONSUMER PORTFOLIO SERVICES, INC. reported third quarter ended September 30, 2023 results: revenue $92.1 million, net income $10.4 million, or $0.41 per diluted share, EPS $0.41 per diluted share.
  - Period: third quarter ended September 30, 2023
  - Revenue: $92.1 million
  - Net income: $10.4 million, or $0.41 per diluted share
  - EPS: $0.41 per diluted share
  - Result: reported results
  source text: for dial-in options. --- EX-99.1 (NEWS RELEASE) --- EX-99.1 2 cps_ex9901.htm NEWS RELEASE Exhibit 99.1 NEWS RELEASE CPS ANNOUNCES THIRD QUARTER 2023 EARNINGS § Revenue of $92.1 million, compared to $90.3 million in the prior year period § Pretax income of $14.2 million § Net income of $10.4 million, or $0.41 per diluted share § New contract purchases of $322.4
  evidence_url: https://www.sec.gov/Archives/edgar/data/889609/000168316823007876/0001683168-23-007876-index.htm

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