International Money Express, Inc.

Previous wording

Our money remittance services enable consumers to send funds through our broad network of locations in the United States, Canada, Spain, Italy and Germany that are primarily operated by third-party businesses, as well as by Company-operated stores located in those jurisdictions. Transactions are processed and payment is collected by our agents (“sending agent(s)”) and those funds become available for pickup by the beneficiary at the designated destination, usually within minutes, at any Intermex payer location (“paying agent(s)”). We refer to our sending agents and our paying agents collectively as agents. In addition, our services are offered digitally through the Internet via our websites (intermexonline.com and online.i-transfer.es), co-branded websites with our digital partners and mobile device applications. For the three months ended March 31, 2026, our agent network decreased slightly by approximately 0.6%. For the three months ended March 31, 2026, principal amount sent decreased by approximately 11.4% to $4.9 billion, as compared to the same period in 2025, and total remittances processed were approximately 11.2 million, representing a decrease of approximately 12.0%, as compared to the same period in 2025 primarily related to decreased volume generated that we attribute to a contraction in the retail remittance market, particularly the LAC corridor. This overall decrease was partially offset by increased volume generated by our digital channels and European subsidiaries.

Current wording

Our money remittance services enable consumers to send funds through our broad network of locations in the United States, Canada, Spain, Italy and Germany that are primarily operated by third-party businesses, as well as by Company-operated stores located in those jurisdictions. Transactions are processed and payment is collected by our agents (“sending agent(s)”) and those funds become available for pickup by the beneficiary at the designated destination, usually within minutes, at any Intermex payer location (“paying agent(s)”). We refer to our sending agents and our paying agents collectively as agents. In addition, our services are offered digitally through the Internet via our websites (intermexonline.com and online.i-transfer.es), co-branded websites with our digital partners and mobile device applications. For the six months ended June 30, 2026, our agent network decreased by approximately 5.5% primarily as a result of a lower number of agents onboarded during the period relative to ordinary course agent terminations. For the six months ended June 30, 2026, principal amount sent decreased by approximately 12.0% to $10.4 billion, as compared to the same period in 2025, and total remittances processed were approximately 23.7 million, representing a decrease of approximately 12.0%, as compared to the same period in 2025 primarily related to decreased volume generated that we attribute to a contraction in the retail remittance market, particularly the LAC corridor. This overall decrease was partially offset by increased volume generated by our digital channels.

Previous wording

In addition, the consummation of the Merger was conditioned upon (i) the expiration or termination of the applicable waiting period under the HSR Act, which waiting period under expired on October 6, 2025, and (ii) approval of the stockholders of the Company, which approval was received at a special meeting of stockholders of the Company on December 9, 2025.

Current wording

In addition, the consummation of the Merger was conditioned upon (i) the expiration or termination of the applicable waiting period under the HSR Act, which waiting period expired on October 6, 2025, and (ii) approval of the stockholders of the Company, which approval was received at a special meeting of stockholders of the Company on December 9, 2025.

Previous wording

The Merger Agreement contains termination rights for the Company and Western Union, including a right for either party to terminate if the Merger is not consummated by May 11, 2026 (subject to certain automatic extensions to obtain certain regulatory approvals as set forth in the Merger Agreement). Upon termination of the Merger Agreement, (i) Western Union, upon termination of the Merger Agreement by the Company or Western Union due to a Restraint relating to any antitrust laws, or the failure to obtain necessary consents, approvals or clearances related to antitrust laws, would be required to pay the Company a termination fee equal to $27.3 million, and (ii) the Company, under specified circumstances, including termination of the Merger Agreement by Western Union as a result of an Adverse Recommendation Change (as defined in the Merger Agreement), would be required to pay Western Union a termination fee equal to $19.8 million.

Current wording

The Merger Agreement contains termination rights for the Company and Western Union, including a right for either party to terminate if the Merger is not consummated by November 10, 2026 (as automatically extended to obtain certain regulatory approvals as set forth in the Merger Agreement). Upon termination of the Merger Agreement, (i) Western Union, upon termination of the Merger Agreement by the Company or Western Union due to a Restraint relating to any antitrust laws, or the failure to obtain necessary consents, approvals or clearances related to antitrust laws, would be required to pay the Company a termination fee equal to $27.3 million, and (ii) the Company, under specified circumstances, including termination of the Merger Agreement by Western Union as a result of an Adverse Recommendation Change (as defined in the Merger Agreement), would be required to pay Western Union a termination fee equal to $19.8 million.

Previous wording

•Factors relating to the contemplated pending acquisition of the Company by Western Union, including: (i) the completion of the pending transaction on anticipated terms and timing or at all, including obtaining stockholder and regulatory approvals and other conditions to the completion of the transaction; (ii) the occurrence of any event, change or other circumstance or condition that could give rise to the termination of the Merger Agreement, which may require us to pay a termination fee or other expenses; (iii) potential significant transaction costs associated with the pending transaction (including litigation expenses and liabilities, if any), and the possibility that the pending transaction may be more expensive to complete than anticipated, including as a result of unexpected factors or events; (iv) continued availability of capital and other changes in capital markets; (v) potential litigation or regulatory actions relating to the pending transaction, which could delay or prevent consummation of the transaction; (vi) the risk that disruptions from the pending transaction, such as diverting management’s attention from our ongoing business operations and relationships, may harm our business, including current plans and operations; (vii) the effect of the announcement, pendency or completion of the pending transaction on our ability to retain and

Current wording

•Factors relating to the contemplated pending acquisition of the Company by Western Union, including: (i) the completion of the pending transaction on anticipated terms and timing or at all, including obtaining stockholder and regulatory approvals and other conditions to the completion of the transaction; (ii) the occurrence of any event, change or other circumstance or condition that could give rise to the termination of the Merger Agreement, which may require us to pay a termination fee or other expenses; (iii) potential significant transaction costs associated with the pending transaction (including litigation expenses and liabilities, if any), and the possibility that the pending transaction may be more expensive to complete than anticipated, including as a result of unexpected factors or events; (iv) continued availability of capital and other changes in capital markets; (v) potential litigation or regulatory actions relating to the pending transaction, which could delay or prevent consummation of the transaction; (vi) the risk that disruptions from the pending transaction, such as diverting management’s attention from our ongoing business operations and relationships, may harm our business, including current plans and operations; (vii) the effect of the announcement, pendency or completion of the pending transaction on our ability to retain and hire key personnel; (viii) our ability to maintain relationships with customers, suppliers, governments, regulators and others with whom we do business, or our operating results or business generally; and (ix) potential adverse business uncertainty resulting from restrictions imposed by the Merger Agreement during the pendency of the pending transaction that may impact our ability to pursue certain business opportunities or strategic transactions;

Previous wording

We have encountered and continue to expect to encounter increasing competition as new electronic platforms emerge that enable consumers to send and receive money through a variety of channels. Regardless, we continue to innovate in the industry by differentiating our money remittance business through programs to foster loyalty among agents as well as consumers and have expanded our channels through which our services are accessed to include online and mobile offerings which are experiencing higher consumer adoption. During 2026, we expect to continue investing in increasing our penetration of the digital market, to add digital customers, to enhance our digital offerings and to increase digital revenues, while maintaining and continuing to develop our retail service offerings. Although we believe that investment in our digital business should provide significant financial benefits in the mid to long term timeframes, these investments are likely, in the shorter term, to adversely affect our results of operation.

Current wording

We have encountered and continue to expect to encounter increasing competition as new electronic platforms emerge that enable consumers to send and receive money through a variety of channels. Regardless, we continue to innovate in the industry by differentiating our money remittance business through programs to foster loyalty among agents as well as consumers and have expanded our channels through which our services are accessed to include online and mobile offerings which are experiencing higher consumer adoption. During 2026, we expect to continue investing in increasing our penetration of the digital market, to add digital customers, to enhance our digital offerings and to increase digital revenues, while maintaining and continuing to develop our retail service offerings. Although we believe that investment in our digital business should provide significant financial benefits in the mid to long term timeframes, these investments are likely, in the shorter term, to adversely affect our results of operations.

Previous wording

The market for money remittance services is very competitive. Our competitors include a small number of large money remittance providers, financial institutions, banks and a large number of small niche money remittance service providers that serve select regions. We compete with larger companies, such as Western Union, MoneyGram, Remitly and Euronet, and a number of other smaller money services business (“MSB”) entities. We generally compete for money remittance agents on the basis of value, service, quality, technical and operational differences, commission structure and marketing efforts. As a philosophy, we sell credible solutions to our sending agents, not discounts or higher commissions, as is typical for the industry. We compete for money remittance customers on the basis of trust, convenience, service, efficiency of outlets, value, enhanced technology and brand recognition.

Current wording

niche money remittance service providers that serve select regions. We generally compete for money remittance agents on the basis of value, service, quality, technical and operational differences, commission structure and marketing efforts. As a philosophy, we sell credible solutions to our sending agents, not discounts or higher commissions, as is typical for the industry. We compete for money remittance customers on the basis of trust, convenience, service, efficiency of outlets, value, enhanced technology and brand recognition.

Previous wording

As noted above, current political, social, economic and market conditions in the United States, including recent economic, trade and immigration enforcement actions taken by the current administration in the U.S., as well as in foreign countries, including those that are destinations for money transfers or in which we currently operate remain volatile. There is uncertainty as to the economic and financial impact of such conditions. Our business has generally been resilient during times of economic instability as money remittances are essential to many recipients, with the funds used by the receiving parties for their daily needs; however, continued enhanced immigration enforcement activities in the U.S., prolonged volatility in the market, continued global economic and geopolitical uncertainty, and long-term sustained appreciation of the Mexican peso or Guatemalan quetzal as compared to the U.S. dollar could negatively affect our revenues and profitability. Moreover, as noted above, we have experienced a reduction in revenues generated that we attribute to a contraction in the remittance market, which may reflect this increased volatility and current economic conditions.

Current wording

As noted above, current political, social, economic and market conditions in the United States, including recent economic, trade and immigration enforcement actions taken by the current administration in the U.S., as well as in foreign countries, including those that are destinations for money transfers or in which we currently operate remain volatile. There is uncertainty as to the economic and financial impact of such conditions. Our business has generally been resilient during times of economic instability as money remittances are essential to many recipients, with the funds used by the receiving parties for their daily needs; however, continued enhanced immigration enforcement activities in the U.S., prolonged volatility in the market, continued global economic and geopolitical uncertainty, and long-term sustained appreciation of the Mexican peso or Guatemalan quetzal as compared to the U.S. dollar could negatively affect our revenues and profitability. Moreover, as noted above, we have experienced a reduction in revenues generated that we attribute to a contraction in the remittance market, particularly the LAC corridor, which may reflect this increased volatility and current economic conditions.

Previous wording

Trends in the cross-border money remittance business tend to correlate to immigration trends, global economic opportunity and related employment levels in certain industries such as construction, information technology, manufacturing, agriculture and hospitality, as well as other service industries. The three largest remittance corridors we serve are United States to Mexico, United States to Guatemala and Unites States to the Dominican Republic. According to the latest information available from the World Bank Remittance Matrix, the United States to Mexico remittance corridor was one of the largest in the world in 2025. In addition, changes to U.S. immigration, tariffs, trade, economic, tax and other policies may have both positive and negative effects on our business, none of which can be predicted with any degree of certainty.

Current wording

Trends in the cross-border money remittance business tend to correlate to immigration trends, global economic opportunity and related employment levels in certain industries such as construction, information technology, manufacturing, agriculture and hospitality, as well as other service industries. The three largest remittance corridors we serve are United States to Mexico, United States to Guatemala and United States to the Dominican Republic. According to the latest information available from the World Bank Remittance Matrix, the United States to Mexico remittance corridor was one of the largest in the world in 2025. In addition, changes to U.S. immigration, tariffs, trade, economic, tax and other policies may have both positive and negative effects on our business, none of which can be predicted with any degree of certainty.

Previous wording

In assessing the performance of our business, we consider a variety of performance and financial measures. The key indicators of the financial condition and operating performance of our business are revenues, service charges from agents and banks, salaries and benefits, other selling, general and administrative expenses and net income. To help us assess our performance with these key indicators, we primarily use Adjusted Net Income, Adjusted Earnings per Share and Adjusted EBITDA as non-GAAP financial measures. We believe these non-GAAP measures provide useful information to investors and expanded insight to measure our revenue and cost performance as a

Current wording

In assessing the performance of our business, we consider a variety of performance and financial measures. The key indicators of the financial condition and operating performance of our business are revenues, service charges from agents and banks, salaries and benefits, other selling, general and administrative expenses and net income. To help us assess our performance with these key indicators, we primarily use Adjusted Net Income, Adjusted Earnings per Share and Adjusted EBITDA as non-GAAP financial measures. We believe these non-GAAP measures provide useful information to investors and expanded insight to measure our revenue and cost performance as a supplement to our U.S. GAAP condensed consolidated financial statements. See the “Adjusted Net Income and Adjusted Earnings per Share” and “Adjusted EBITDA” sections below for reconciliations of these non-GAAP financial measures to net income and earnings per share, our closest GAAP measures.

Previous wording

Salaries and benefits include cash and share-based compensation associated with our corporate employees and sales team as well as employees at our Company-operated stores. Corporate employees include management, customer service, compliance, information technology, operations, finance, legal and human resources. Our sales team, located throughout the United States, Canada, Spain and Italy, is focused on supporting and growing our sending agent network. Share-based compensation is primarily recognized as an expense on a straight-line basis over the requisite service period. Unrecognized compensation expense related to restricted stock units (“RSUs”), restricted stock awards (“RSAs”) and performance stock units (“PSUs”) of approximately $22.2 million is expected to be recognized over a weighted-average period of 1.9 years.

Current wording

Salaries and benefits include cash and share-based compensation associated with our corporate employees and sales team as well as employees at our Company-operated stores. Corporate employees include management, customer service, compliance, information technology, operations, finance, legal and human resources. Our sales team, located throughout the United States, Canada, Spain and Italy, is focused on supporting and growing our sending agent network. Share-based compensation is primarily recognized as an expense on a straight-line basis over the requisite service period. Unrecognized compensation expense related to restricted stock units (“RSUs”), restricted stock awards (“RSAs”) and performance stock units (“PSUs”) of approximately $19.5 million is expected to be recognized over a weighted-average period of 1.8 years.

Previous wording

We incurred costs associated with restructuring plans related to our domestic and foreign operations. These costs included all internal and external costs directly related with the restructuring and consist primarily of severance payments, write-off of assets and certain legal and professional fees.

Current wording

From time to time, we may incur costs associated with restructuring plans related to our domestic and foreign operations. These costs include all internal and external costs directly related with the restructuring and consist primarily of severance payments, write-off of assets and certain legal and professional fees.

Previous wording

bonuses. Due to their significance, they are presented separately in our condensed consolidated statements of income and comprehensive income. Transaction costs also include internal and external costs related to the Board’s evaluation of strategic alternatives and the pending Merger with Western Union.

Current wording

We incur transaction costs associated with completed and potential acquisitions. These costs include all internal and external costs directly related to the transactions, consisting primarily of legal, consulting, accounting and advisory fees and certain incentive bonuses. Due to their significance, they are presented separately in our condensed consolidated statements of income and comprehensive income. Transaction costs also include internal and external costs related to the Board’s evaluation of strategic alternatives and the pending Merger with Western Union.

Previous wording

Interest expense consists primarily of interest associated with our debt, which consists of a revolving credit facility. The effective interest rate for the three months ended March 31, 2026 for the revolving credit facility was 2.10%.

Current wording

Interest expense consists primarily of interest associated with our debt, which consists of a revolving credit facility. The effective interest rate for the six months ended June 30, 2026 for the revolving credit facility was 2.14%.

Previous wording

Other income of $5.9 million for the three months ended March 31, 2026 increased by $1.9 million, or 47.5%, from $4.0 million for the three months ended March 31, 2025 primarily due to higher fees related to increased activity of our RaaS relationships, under which the number of transactions processed and total principal sent increased by approximately 156% and 127%, respectively.

Current wording

Other income of $6.9 million for the three months ended June 30, 2026 increased by $2.4 million, or 53.3%, from $4.5 million for the three months ended June 30, 2025 primarily due to the effect of higher fees related to increased activity of our RaaS relationships, under which the number of transactions processed and total principal sent increased by approximately 178.0% and 187.0%, respectively.

Previous wording

Service charges from agents and banks — Service charges from agents and banks were $79.1 million for the three months ended March 31, 2026 compared to $93.8 million for the three months ended March 31, 2025. The decrease of $14.7 million, or 15.7%, was primarily due to the decrease in transaction volume described above, as well as lower payer fees as a result of better pricing negotiated with our paying agents.

Current wording

Service charges from agents and banks — Service charges from agents and banks were $85.8 million for the three months ended June 30, 2026 compared to $102.3 million for the three months ended June 30, 2025. The decrease of $16.5 million, or 16.1%, was primarily due to the decrease in transaction volume described above, as well as lower payer fees as a result of better pricing negotiated with paying agents.

Previous wording

Salaries and benefits— Salaries and benefits of $18.9 million for the three months ended March 31, 2026 increased by $0.6 million, or 3.3%, from $18.3 million for the three months ended March 31, 2025. The increase is primarily due to the Company's investment in talent acquisition and improved compensation for our sales force and higher share-based compensation as a result of timing of annual grants of stock awards to certain employees.

Current wording

Salaries and benefits— Salaries and benefits of $17.4 million for the three months ended June 30, 2026 decreased by $1.1 million, or 5.9%, from $18.5 million for the three months ended June 30, 2025. The decrease is primarily due to lower compensation and benefits based on current financial performance as well as lower total employee headcount. These decreases were offset by higher share-based compensation as a result of timing of annual grants of stock awards to certain employees.

Previous wording

Other selling, general and administrative expenses — Other selling, general and administrative expenses of $11.6 million for the three months ended March 31, 2026 increased by $0.6 million, or 5.5%, from $11.0 million for the three months ended March 31, 2025. The increase was primarily the result of $0.8 million - higher IT related expenses incurred to sustain our business expansion and to improve our technology environment.

Current wording

Other selling, general and administrative expenses — Other selling, general and administrative expenses of $11.1 million for the three months ended June 30, 2026 decreased by $1.3 million, or 10.5%, from $12.4 million for the three months ended June 30, 2025.

Previous wording

Provision for credit losses— Provision for credit losses of $2.9 million for the three months ended March 31, 2026 increased by $0.8 million, or 38.1%, from $2.1 million for the three months ended March 31, 2025. The increase is primarily due to a higher chargebacks of uncollected online money transfer transactions, and an increase in write-offs of agent receivable balances primarily as a result of sending agents that were not able to pay in accordance with the original terms of their agreements with us and are, accordingly, subject to our normal collection procedures.

Current wording

Provision for credit losses —Provision for credit losses of $2.6 million for the three months ended June 30, 2026 increased by $0.7 million, or 36.8%, from $1.9 million for the three months ended June 30, 2025. The increase is primarily due to an increase in write-offs of agent receivable balances primarily as a result of sending agents that were not able to pay in accordance with the original terms of their agreements with us and are, accordingly, subject to our normal collection procedures as well as higher chargebacks of uncollected online money transfer transactions.

Previous wording

Transaction Costs— Transaction costs of $1.2 million for both the three months ended March 31, 2026 and 2025, respectively, consist primarily of financial advisory fees as well as other professional fees and legal fees incurred in connection with the Company's evaluation of strategic alternatives, including the pending Merger with Western Union and business acquisition transactions.

Current wording

Transaction costs— Transaction costs of $0.7 million and $2.2 million for the three months ended June 30, 2026 and 2025, respectively, consist primarily of financial advisory fees as well as other professional fees and legal fees incurred in connection with the Company's evaluation of strategic alternatives including the pending Merger with Western Union and business acquisition transactions.

Previous wording

Depreciation and amortization — Depreciation and amortization of $4.7 million for the three months ended March 31, 2026 increased by $1.1 million from $3.6 million or 30.6%, for the three months ended March 31, 2025. The increase is primarily the result of higher depreciation associated with additional software developed being placed into production and computer equipment acquired to support our proprietary software enhancements and increasing sending agent network.

Current wording

Depreciation and amortization — Depreciation and amortization of $4.8 million for the three months ended June 30, 2026 increased by $0.3 million or 6.7% from $4.5 million for the three months ended June 30, 2025. The increase is primarily the result of higher depreciation associated with additional software developed being placed into production and computer equipment acquired to support our proprietary software enhancements and sending agent network.

Previous wording

Interest expense — Interest expense of $2.2 million for the three months ended March 31, 2026 decreased from $2.7 million for the three months ended March 31, 2025. The decrease was primarily due to lower usage of our revolving credit facility and lower market interest rates paid during 2026.

Current wording

Interest expense — Interest expense of $2.3 million for the three months ended June 30, 2026 decreased by $0.8 million or 25.8% from $3.1 million for the three months ended June 30, 2025. The decrease was primarily due to lower usage of our revolving credit facility and lower market interest rates paid during 2026.

Previous wording

We reported net income of $0.5 million for the three months ended March 31, 2026 compared to net income of $7.8 million for the three months ended March 31, 2025, which resulted in a decrease of $7.3 million, or 93.6%, due to the same factors discussed above.

Current wording

We reported Net Income of $4.2 million for the three months ended June 30, 2026 compared to Net Income of $11.0 million for the three months ended June 30, 2025, which resulted in a decrease of $6.8 million, or 61.8%, due to the same factors discussed above.

Previous wording

The decrease in both basic and diluted EPS largely reflects the decrease in net income discussed above, offset by a reduced share count as a result of the stock repurchases executed during the first six months of 2025.

Current wording

The decrease in both basic and diluted earnings per share (“EPS”) largely reflects the decrease in net income discussed above.

Previous wording

Adjusted Net Income for the three months ended March 31, 2026 was $3.8 million, representing a decrease of $7.1 million, or 65.1%, from Adjusted Net Income of $10.9 million for the three months ended March 31, 2025. The decrease in Adjusted Net Income was primarily due to the decrease in net income as discussed above, slightly offset by the higher net effect of the adjusting items detailed in the table below.

Current wording

Adjusted Net Income for the three months ended June 30, 2026 was $7.2 million, representing a decrease of $8.0 million from Adjusted Net Income of $15.2 million for the three months ended June 30, 2025. The decrease in Adjusted Net Income was primarily due to the decrease in Net Income discussed above and the lower net effect of the adjusting items detailed in the table below.

Previous wording

Adjusted EBITDA for the three months ended March 31, 2026 was $12.4 million, representing a decrease of $9.2 million, or 42.6%, from $21.6 million for the three months ended March 31, 2025. The decrease in Adjusted EBITDA was primarily due to the decrease in Net Income as discussed above coupled with the lower net effect of the adjusting items detailed in the table below.

Current wording

Adjusted EBITDA for the three months ended June 30, 2026 was $17.3 million, representing a decrease of $11.5 million, or 39.9%, from $28.8 million for the three months ended June 30, 2025. The decrease in Adjusted EBITDA was primarily due to the decrease in Net Income discussed above as well as the lower net effect of the adjusting items detailed in the table below.

Previous wording

Wire transfer and money order fees, net of $99.8 million for the three months ended March 31, 2026 decreased by $20.4 million, or 17.0%, from $120.2 million for the three months ended March 31, 2025. The decrease was primarily due to a decrease in transaction volume processed through our retail network of sending agents and Company-operated stores in the three months ended March 31, 2026 compared to the three months ended March 31, 2025, which we primarily attribute to a contraction in the retail remittance market, particularly the LAC corridor. As noted in the overview section above, for the three months ended March 31, 2026, principal amount sent decreased by approximately 11.4% to $4.9 billion whereas the number of transactions decreased by approximately 12.0% to 11.2 million, as compared to the same period in 2025. Therefore, the lower number of wire transfers sent resulted in lower fees paid by consumers.

Current wording

Wire transfer and money order fees, net of $207.3 million for the six months ended June 30, 2026 decreased by $45.8 million, or 18.1%, from $253.1 million for the six months ended June 30, 2025. The decrease was primarily due to a decrease in transaction volume processed through our retail network of sending agents and Company-operated stores in the six months ended June 30, 2026 compared to the six months ended June 30, 2025, which we primarily attribute to a contraction in the retail remittance market, particularly the LAC corridor. As noted in the overview section above, for the six months ended June 30, 2026, principal amount sent decreased by approximately 12.0% to $10.4 billion, and the number of transactions decreased by approximately 12.0% to 23.7 million, as compared to the same period in 2025, resulting in lower fees paid by consumers.

Previous wording

Revenues from foreign exchange gain, net of $16.3 million for the three months ended March 31, 2026 decreased by $3.9 million, or 19.3%, from $20.2 million for the three months ended March 31, 2025. This decrease was primarily due to the decrease in transaction volume described above, partially offset by an increase in the average principal sent per transaction.

Current wording

Revenues from foreign exchange gain, net of $33.0 million for the six months ended June 30, 2026 decreased by $10.9 million, or 24.8%, from $43.9 million for the six months ended June 30, 2025. This decrease was primarily due to the decrease in transaction volume described above, partially offset by an increase in the average principal sent per transaction for certain destination countries.

Previous wording

Income tax provision — Income tax provision was $1.0 million for the three months ended March 31, 2026, which represents a decrease of $2.6 million from an income tax provision of $3.6 million for the three months ended March 31, 2025. The decrease in income tax provision was mainly attributable to a decrease in income before taxes primarily due to the factors discussed above.

Current wording

Income tax provision — Income tax provision was $3.2 million for the six months ended June 30, 2026, which represents a decrease of $5.8 million from an income tax provision of $9.0 million for the six months ended June 30, 2025. The decrease in income tax provision was mainly attributable to a decrease in income before taxes primarily due to the factors discussed above.

Previous wording

Adjusted Earnings per Share - Basic for the three months ended March 31, 2026 was $0.13, representing a decrease of $0.23, or 63.9%, compared to $0.36 for the three months ended March 31, 2025. The decrease in Adjusted Earnings per Share - Basic was primarily due to the decrease in Net Income.

Current wording

Adjusted Earnings per Share - Basic for the six months ended June 30, 2026 was $0.37, representing a decrease of $0.50, or 57.5%, compared to $0.87 for the six months ended June 30, 2025. The decrease in Adjusted Earnings per Share - Basic was primarily due to the decrease in Net Income.

Previous wording

Adjusted Earnings per Share - Diluted for the three months ended March 31, 2026 was $0.13, representing a decrease of $0.22, or 62.9%, compared to $0.35 for the three months ended March 31, 2025. The decrease in Adjusted Earnings per Share - Diluted was primarily due to the decrease in Net Income.

Current wording

Adjusted Earnings per Share - Diluted for the six months ended June 30, 2026 was $0.36, representing a decrease of $0.50, or 58.1%, compared to $0.86 for the six months ended June 30, 2025. The decrease in Adjusted Earnings per Share - Diluted was primarily due to the decrease in Net Income.

Previous wording

We have funded and still expect to continue funding our liquidity requirements through internally generated funds, supplemented in the ordinary course, with borrowings under our revolving credit facility. We maintain a strong cash and cash equivalents balance position and have access to committed funding sources, which we have used only on an ordinary course basis during the three months ended March 31, 2026. Therefore, we believe that our current cash and cash equivalents position, as well as projected cash flows generated from operations, together with borrowings under our revolving credit facility are sufficient to fund our principal and interest payments, lease expenses, our working capital needs, our business acquisitions, our expected capital expenditures and projected common stock repurchases in the short and long terms.

Current wording

We have funded and still expect to continue funding our liquidity requirements through internally generated funds, supplemented in the ordinary course, with borrowings under our revolving credit facility. We maintain a strong cash and cash equivalents balance position and have access to committed funding sources, which we have used only on an ordinary course basis during the six months ended June 30, 2026. Therefore, we believe that our current cash and cash equivalents position, as well as projected cash flows generated from operations, together with borrowings under our revolving credit facility are sufficient to fund our principal and interest payments, lease expenses, our working capital needs, our business acquisitions, our expected capital expenditures and potential common stock repurchases in the short and long terms.

Previous wording

The Company and certain of its subsidiaries are party to a Second Amended and Restated Credit Agreement (the “Second A&R Credit Agreement”) with a group of banking institutions, which amended and restated in its entirety the A&R Credit Agreement. The Second A&R Credit Agreement provides for a new $425.0 million, multi-currency, revolving credit facility and an uncommitted incremental facility, which may be utilized for additional term and revolving loans of up to $100.0 million. The Second A&R Credit Agreement also provides for the issuance of letters of credit, which would reduce availability under the revolving credit facility. The maturity date of the Second A&R Credit Agreement is August 29, 2029. Borrowings under the Second A&R Credit Agreement are available for general corporate purposes to support the Company’s growth, as well as to fund share repurchases.

Current wording

The Company and certain of its subsidiaries are party to a Second Amended and Restated Credit Agreement (the “Second A&R Credit Agreement”) with a group of banking institutions, which amended and restated in its entirety the Company's prior credit agreement. The Second A&R Credit Agreement provides for a $425.0 million, multi-currency, revolving credit facility and an uncommitted incremental facility, which may be utilized for additional term and revolving loans of up to $100.0 million. The Second A&R Credit Agreement also provides for the issuance of letters of credit, which would reduce availability under the revolving credit facility. The maturity date of the Second A&R Credit Agreement is August 29, 2029. Borrowings under the Second A&R Credit Agreement are available for general corporate purposes to support the Company’s growth, as well as to fund share repurchases.

Previous wording

As of March 31, 2026, there were $240.8 million of outstanding amounts drawn on the revolving credit facility. There were $284.2 million of additional borrowings available under this facility as of March 31, 2026.

Current wording

As of June 30, 2026, there were $113.8 million of outstanding amounts drawn on the revolving credit facility. There were $411.2 million of additional borrowings available under this facility as of June 30, 2026.

Previous wording

The effective interest rate for the three months ended March 31, 2026 for the revolving credit facility was 2.10%.

Current wording

The effective interest rate for the six months ended June 30, 2026 for the revolving credit facility was 2.14%.

Previous wording

The Company accounts for purchases of treasury stock under the cost method. Any direct costs incurred to acquire treasury stock are considered stock issue costs and added to the cost of the treasury stock. During the three months ended March 31, 2026, there were no share repurchases. During the three months ended March 31, 2025, the Company purchased 367,873 shares for an aggregate purchase price of $5.0 million. As of March 31, 2026, there was $48.3 million available for future share repurchases under the Repurchase Program.

Current wording

The Company accounts for purchases of treasury stock under the cost method. Any direct costs incurred to acquire treasury stock are considered stock issue costs and added to the cost of the treasury stock. During the six months ended June 30, 2026, there were no share repurchases. During the six months ended June 30, 2025, the Company purchased 1,348,214 shares for an aggregate purchase price of $16.3 million. As of June 30, 2026, there was $48.3 million available for future share repurchases under the Repurchase Program.

Previous wording

We are party to operating leases for office space, warehouses, Company-operated store locations and vehicles, which we use as part of our day-to-day operations. Operating lease expenses were $1.8 million for the three months ended March 31, 2026, which we expect to be consistent throughout the year. We have not entered into finance lease commitments. For additional information on operating lease obligations, refer to Note 7, Leases, to the Condensed Consolidated Financial Statements.

Current wording

We are party to operating leases for office space, warehouses, Company-operated store locations and vehicles, which we use as part of our day-to-day operations. Operating lease expenses were $1.8 million and $3.6 million for the three and six months ended June 30, 2026, which we expect to be consistent throughout the year. We have not entered into finance lease commitments. For additional information on operating lease obligations, refer to Note 7, Leases, to the Condensed Consolidated Financial Statements.

Previous wording

Net cash used in operating activities was $37.4 million for the three months ended March 31, 2026, a decrease of $78.7 million from net cash provided by operating activities of $41.3 million for the three months ended March 31, 2025. The decrease is primarily a result of a $74.0 million change in working capital, which varies due to timing of remittances of consumer funds by sending agents and transmittal orders and payments, as well as prefunding of payers primarily for weekends, and also reflects the decrease in net income.

Current wording

Net cash provided by operating activities was $75.4 million for the six months ended June 30, 2026, a decrease of $5.8 million from net cash provided by operating activities of $81.2 million for the six months ended June 30, 2025. The decrease is primarily a result of lower net income generated during the period as discussed in the results of operations section above combined with a $3.2 million change in working capital, which varies due to timing of remittances of consumer funds by sending agents and transmittal orders and payments, as well as prefunding of payers primarily for weekends.

Previous wording

Net cash used in investing activities was $5.5 million for the three months ended March 31, 2026, representing an increase of $0.2 million from net cash used in investing activities of $5.3 million for the three months ended March 31, 2025. Net cash used in investing activities for both periods primarily represent our investment in software development and computer equipment for our sending agent network.

Current wording

Net cash used in investing activities was $11.0 million for the six months ended June 30, 2026, representing an increase of $1.0 million from net cash used in investing activities of $10.0 million for the six months ended June 30, 2025. Net cash used in investing activities for both periods primarily represent our investment in software development and computer equipment for our sending agent network.

Previous wording

Net cash used in financing activities was $45.1 million for the three months ended March 31, 2026, which primarily consisted of $46.0 million of net borrowings under the revolving credit facility.

Current wording

Net cash used in financing activities was $82.0 million for the six months ended June 30, 2026, which primarily consisted of $81.0 million of net repayments under the revolving credit facility.

Previous wording

Net cash used in financing activities was $15.1 million for the three months ended March 31, 2025, which primarily consisted of $9.2 million of net repayments under the revolving credit facility, $5.0 million used for repurchases of common stock and $0.9 million of payments for stock-based awards for shares withheld for tax payments in connection with share-based compensation arrangements.

Current wording

Net cash used in financing activities was $29.8 million for the six months ended June 30, 2025, which primarily consisted of $12.5 million of net repayments under the revolving credit facility, $16.3 million used for repurchases of common stock and $0.9 million of payments for stock-based awards for shares withheld for tax payments in connection with share-based compensation arrangements.