---
schema_version: "secwatch.filing_event.v1"
accession: "0001683168-24-003297"
form_type: "8-K"
ticker: "CPSS"
cik: "0000889609"
company_name: "CONSUMER PORTFOLIO SERVICES, INC."
filed_at: "2024-05-13T23:59:59+00:00"
generated_at: "2026-06-02T03:04:32.173348+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# CPS Q1 2024 net income falls 67% YoY to $4.6M; charge-offs rise to 7.84%

## Summary
- Revenue $91.7M (+10.4% YoY); net income $4.6M ($0.19 diluted EPS) vs $13.8M ($0.54) prior year.
- Pretax income $6.6M vs $18.4M in Q1 2023; operating expenses up 31.7% to $85.2M.
- New contract purchases $346.3M, down from $415.2M a year ago; total receivables $3.021B.
- Annualized net charge-offs 7.84% vs 5.20%; 30+ day delinquencies 12.39% vs 9.92%.
- CEO cites inflationary margin pressure but notes revenue growth from rising origination volumes.

## SEC filing metadata
- accession: 0001683168-24-003297
- form_type: 8-K
- ticker: CPSS
- cik: 0000889609
- company_name: CONSUMER PORTFOLIO SERVICES, INC.
- filed_at: 2024-05-13T23:59:59+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/889609/000168316824003297/0001683168-24-003297-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/889609/000168316824003297/cps_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001683168-24-003297
- JSON: https://secwatch.observer/filing/0001683168-24-003297.json
- Plain text: https://secwatch.observer/filing/0001683168-24-003297.txt

## Key facts
- Earnings Releases
  CONSUMER PORTFOLIO SERVICES, INC. reported first quarter ended March 31, 2024 results: revenue $91.7 million, net income $4.6 million, EPS $0.19 per diluted share.
  - Period: first quarter ended March 31, 2024
  - Revenue: $91.7 million
  - Net income: $4.6 million
  - EPS: $0.19 per diluted share
  - Result: reported results
  source text: CPS ANNOUNCES FIRST QUARTER 2024 EARNINGS § Revenues of $91.7 million compared to $83.1 million in the prior year period § Pretax income of $6.6 million § Net income of $4.6 million, or $0.19 per diluted share
  evidence_url: https://www.sec.gov/Archives/edgar/data/889609/000168316824003297/0001683168-24-003297-index.htm

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