First Cash Financial Inc

FirstCash, Inc. stands as the preeminent international operator of pawn stores, primarily catering to cash and credit-constrained consumers. Established as a component company in both the S&P MidCap 400 Index® and the Russell 2000 Index®, FirstCash distinguishes itself through its extensive network of over 3,000 retail pawn and consumer lending locations. These operations span 29 U.S. states, the District of Columbia, and key Latin American countries including Mexico, Guatemala, Colombia, and El Salvador.

The core business model revolves around offering small, non-recourse pawn loans, which are uniquely secured by pledged personal property rather than real estate. Customers can quickly access funds by pawning a wide array of items such as jewelry, electronics, tools, and musical instruments. The valuation of these items is meticulously performed in-store, considering their condition and current market value. FirstCash also offers convenient layaway services and actively buys gold, silver, platinum, and diamonds.

Beyond lending, FirstCash operates as a significant retailer of pre-owned merchandise, providing a diverse and ever-changing inventory at competitive prices. Their commitment to securing pawned items, with all stores fully insured, ensures customer peace of mind. By focusing on asset-backed lending and retail, FirstCash provides essential financial services and affordable goods to its target demographic across its vast geographical footprint.