secwatch.observer — SEC 8-K summary
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Issuer:     CONSUMER PORTFOLIO SERVICES, INC. (CPSS)
CIK:        0000889609
Form:       8-K
Filed at:   2025-02-26T23:59:59+00:00
Accession:  0001683168-25-001232
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

CPS Q4 net income $5.1M, down 49% YoY; full-year EPS $0.79 vs $1.89 in 2023
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- Q4 revenues $105.3M (+14.5% YoY); net income $5.1M ($0.21/diluted) vs $10.0M in Q4 2023.
- Full-year 2024 net income $19.2M ($0.79/diluted), down from $45.3M ($1.89) in 2023.
- Operating expenses $366.1M (+25.8% YoY); pretax income fell to $27.4M from $61.1M.
- New contract purchases $1.682B in 2024, up 23.9% from 2023; portfolio at record $3.491B.
- Annualized net charge-offs 8.02% (Q4) vs 7.74% a year ago; 30+ day delinquencies 14.85%.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/889609/000168316825001232/0001683168-25-001232-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/889609/000168316825001232/cps_8k.htm
  HTML page:      https://secwatch.observer/filing/0001683168-25-001232

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