Fair Value of Financial Instruments (Tables)

3 Months Ended

Mar. 31, 2026

Schedule of Fair Value by Balance Sheet Grouping

The Company’s financial assets and liabilities as of March 31, 2026, March 31, 2025 and December 31, 2025 that are not measured at fair value in the consolidated balance sheets are as follows (in thousands):


	Carrying Value		Estimated Fair Value
	March 31,		March 31,		Fair Value Measurements Using
	2026		2026		Level 1		Level 2		Level 3
Financial assets:
Cash and cash equivalents	$	130,739	$	130,739	$	130,739	$	—	$	—
Accounts receivable, net	117,345		117,345		—		—		117,345
Pawn loans	851,125		851,125		—		—		851,125
Finance receivables, net (1)	139,296		276,249		—		—		276,249
	$	1,238,505	$	1,375,458	$	130,739	$	—	$	1,244,719

Financial liabilities:
Liability for off-balance sheet credit exposure	$	16,822	$	16,822	$	—	$	—	$	16,822
Revolving unsecured credit facility	573,000		573,000		—		573,000		—
Other long-term debt (outstanding principal)	1,695,968		1,679,968		—		1,679,968		—
	$	2,285,790	$	2,269,790	$	—	$	2,252,968	$	16,822

(1)Finance receivables, gross as of March 31, 2026 was $272.4 million. See Note 5.


	Carrying Value		Estimated Fair Value
	March 31,		March 31,		Fair Value Measurements Using
	2025		2025		Level 1		Level 2		Level 3
Financial assets:
Cash and cash equivalents	$	146,034	$	146,034	$	146,034	$	—	$	—
Accounts receivable, net	71,166		71,166		—		—		71,166
Pawn loans	499,710		499,710		—		—		499,710
Finance receivables, net (1)	145,079		303,286		—		—		303,286
	$	861,989	$	1,020,196	$	146,034	$	—	$	874,162

Financial liabilities:

Revolving unsecured credit facility	175,000		175,000		—		175,000		—
Other long-term debt (outstanding principal)	1,550,000		1,512,000		—		1,512,000		—
	$	1,725,000	$	1,687,000	$	—	$	1,687,000	$	—

(1)Finance receivables, gross as of March 31, 2025 was $297.0 million. See Note 5.


	Carrying Value		Estimated Fair Value
	December 31,		December 31,		Fair Value Measurements Using
	2025		2025		Level 1		Level 2		Level 3
Financial assets:
Cash and cash equivalents	$	125,197	$	125,197	$	125,197	$	—	$	—
Accounts receivable, net	115,854		115,854		—		—		115,854
Pawn loans	831,497		831,497		—		—		831,497
Finance receivables, net (1)	150,274		281,504		—		—		281,504
	$	1,222,822	$	1,354,052	$	125,197	$	—	$	1,228,855

Financial liabilities:
Liability for off-balance sheet credit exposure	$	13,782	$	13,782	$	—	$	—	$	13,782
Revolving unsecured credit facility	559,000		559,000		—		559,000		—
Other long-term debt (outstanding principal)	1,665,006		1,679,006		—		1,679,006		—
	$	2,237,788	$	2,251,788	$	—	$	2,238,006	$	13,782

(1)Finance receivables, gross as of December 31, 2025 were $283.5 million. See Note 5.

FirstCash Holdings, Inc. 10-Q