Loading...
Docoh

CURO (CURO)

CURO Group Holdings Corp., operating in two countries and powered by its fully integrated technology platform, is a provider of credit to non-prime consumers. In 1997, the Company was founded in Riverside, California by three Wichita, Kansas childhood friends to meet the growing consumer need for short-term loans. Their success led to opening stores across the United States and expanding to offer online loans and financial services across two countries. Today, CURO combines its market expertise with a fully integrated technology platform, omni-channel approach and advanced credit decisioning to provide an array of credit products across all mediums. CURO operates under a number of brands including Speedy Cash®, Rapid Cash®, Cash Money®, LendDirect®, Avío Credit®, Opt+® and Revolve Finance®. With over 20 years of operating experience, CURO provides financial freedom to non-prime consumers.

Company profile

Ticker
CURO
Exchange
Website
CEO
Donald Gayhardt
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
SEC CIK
Subsidiaries
Curo Financial Technologies Corp. • Curo Intermediate Holdings Corp. • A Speedy Cash Car Title Loans, LLC • Ad Astra Recovery Services, Inc. • Advance Group Inc. • Attain Finance, LLC • Attain Finance Canada, Inc. • Avio Credit, Inc. • Cash Colorado, LLC • Concord Finance, Inc. ...

CURO stock data

Calendar

8 Aug 22
1 Oct 22
31 Dec 22
Quarter (USD) Jun 22 Mar 22 Dec 21 Sep 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD) Dec 21 Dec 20 Dec 19 Dec 18
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Cash burn rate (est.) Burn method: Change in cash Burn method: Operating income Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 134.86M 134.86M 134.86M 134.86M 134.86M 134.86M
Cash burn (monthly) 11.82M 17.57M 11.02M 10.24M (no burn) (no burn)
Cash used (since last report) 35.99M 53.48M 33.56M 31.19M n/a n/a
Cash remaining 98.86M 81.37M 101.3M 103.67M n/a n/a
Runway (months of cash) 8.4 4.6 9.2 10.1 n/a n/a

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
8 Aug 22 Tamara L Schulz Common Stock Payment of exercise Dispose F No No 7.98 2,236 17.84K 48,827
26 Jul 22 Daniel David Kirsche Common Stock Payment of exercise Dispose F No No 6.94 4,736 32.87K 101,866
14 Jul 22 Peter E Kalen Common Stock Grant Acquire A No No 5.71 4,390 25.07K 204,603
15 Jun 22 Faulkner Chadwick Heath Common Stock Grant Acquire A No No 0 23,608 0 66,706
13.1% owned by funds/institutions
13F holders Current Prev Q Change
Total holders 85 86 -1.2%
Opened positions 19 9 +111.1%
Closed positions 20 19 +5.3%
Increased positions 28 26 +7.7%
Reduced positions 24 34 -29.4%
13F shares Current Prev Q Change
Total value 335.61M 426.87M -21.4%
Total shares 29.51M 30.25M -2.4%
Total puts 40.5K 39.7K +2.0%
Total calls 15.8K 21K -24.8%
Total put/call ratio 2.6 1.9 +35.6%
Largest owners Shares Value Change
Rippel Douglas Richard 6.88M $98.64M 0.0%
McKnight Michael 5.76M $92.28M 0.0%
OCO Capital Partners 3.24M $17.93M +8.1%
Empyrean Capital Partners 2.77M $15.34M -4.9%
Faulkner Chadwick Heath 2.14M $34.22M 0.0%
BLK Blackrock 1.44M $7.99M +3.5%
Vanguard 1.1M $6.06M -1.8%
Long Focus Capital Management 858.78K $4.75M +102.7%
Lodge Hill Capital 709.61K $3.92M +9.5%
STT State Street 385.55K $2.13M +2.0%
Largest transactions Shares Bought/sold Change
Russell Investments 161.63K -789.38K -83.0%
Steamboat Capital Partners 26.74K -771.45K -96.6%
Long Focus Capital Management 858.78K +435.14K +102.7%
OCO Capital Partners 3.24M +242K +8.1%
MS Morgan Stanley 181.05K +148.84K +462.2%
Empyrean Capital Partners 2.77M -144.35K -4.9%
Boston Partners 39.74K -112K -73.8%
Acadian Asset Management 90.56K +90.56K NEW
Dimensional Fund Advisors 261.96K -88.23K -25.2%
Renaissance Technologies 82.67K +82.67K NEW

Financial report summary

?
Competition
Enova International
Management Discussion
  • As previously described, year-over-year comparisons were impacted by COVID-19 Impacts and Runoff Portfolios due to regulatory changes. Additionally, the Company acquired Flexiti and Heights during the year ended December 31, 2021.
  • Net cash provided by operating activities from continuing operations for the year ended December 31, 2021 was $323.2 million, primarily attributable to net income from continuing operations of $59.3 million, the effect of non-cash reconciling items of $189.6 million, and changes in our operating assets and liabilities of $74.2 million. Our non-cash reconciling items of $189.6 million included (i) $245.7 million of provision for losses, (ii) $40.2 million loss on the extinguishment of our 8.25% Senior Secured Notes, (iii) $27.0 million of depreciation and amortization, and (iv) $14.0 million of share-based compensation, partially offset by (i) a $135.4 million cash gain on our equity method investment related to the Katapult and FinServ merger and (ii) changes in deferred income tax of $18.3 million. Our changes in operating assets and liabilities of $74.2 million related to (i) $8.8 million increase in accrued interest on our gross loans receivable due to overall volume increases, as previously discussed, (ii) $43.8 million of higher accounts payable and accrued liabilities as a result of the timing and extent of variable compensation, and (iii) $16.6 million of higher deferred revenue, primarily as a result of Canada POS Lending gross loans receivable as of December 31, 2021.
  • Net cash used in investing activities from continuing operations for the year ended December 31, 2021 was $923.5 million, primarily reflecting (i) the acquisition of Heights for $356.5 million, net of cash received (ii) the acquisition of Flexiti for $91.2 million, net of cash received and (iii) net origination of loans of $589.0 million, partially offset by $146.9 million of cash we received as a result of the Katapult and FinServ merger. Additionally, we used cash to purchase (i) $10.0 million of additional shares of Katapult and (ii) $23.6 million of property, equipment and software.

Content analysis

?
Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
H.S. freshman Avg
New words: advance, broaden, Carolina, CCF, Choice, divestiture, divided, Dublin, FHC, Greenville, Heritage, incumbent, metric, Mississippi, Ohio, Ontario, preliminarily, pursuant, referenced, Ridgeland, South, Toronto
Removed: aid, Atalaya, coverage, decrease, disposition, enacted, moderately, provincial, relief, restriction, roll, Royal, Security, stabilization, trial, Waterfall