International Money Express, Inc. IMXI
International Money Express, Inc. (the "Company" or "Intermex") is a global leading omnichannel money remittance services company focused primarily on the United States of America ("United States" or "U.S.") to Latin America and the Caribbean ("LAC") corridor, which includes Mexico, Central and South America and the Caribbean. We also provide our remittance services to Africa and Asia from the United States and offer money transfer services from Canada to Latin America and Africa. We also provide remittance services from Spain, Italy and Germany to Africa, Asia and Latin America. We utilize our proprietary technology to deliver convenient, reliable and value-added services to consumers through a broad network of sending and paying agents. Our remittance services, which include a comprehensive suite of ancillary financial processing solutions and payment services, are available in all 50 states in the U.S., Washington D.C., Puerto Rico and 13 provinces in Canada, as well as in certain locations in Spain, Italy and Germany, where consumers can send money to beneficiaries in more than 60 countries in LAC, Africa, Asia and Europe. Our services are accessible in person through over 100,000 independent sending and paying agents and 118 Company-operated stores, as well as digitally through the Internet via our websites, co-branded websites with digital partners and mobile device applications. Additionally, our product and service portfolio include online payment options, pre-paid debit cards and direct deposit payroll cards, which may present different cost, demand, regulatory and risk profiles relative to our core money remittance business.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $607.8M | $658.6M | $658.7M | $546.8M | $459.2M | $357.2M | $319.6M | $273.9M | $201.0M | — |
| Total operating expenses | $552.1M | $563.6M | $563.2M | $463.9M | $391.4M | $304.3M | $283.2M | $260.8M | $199.2M | — |
| Operating income | $55.6M | $95.0M | $95.5M | $82.9M | $67.9M | $52.9M | $36.4M | $13.1M | $1.8M | -$1.6K |
| Interest expense | $11.8M | $11.7M | $10.4M | $5.6M | $4.5M | $6.6M | $8.5M | $18.4M | $11.4M | — |
| Pre-tax income | $47.1M | $83.3M | $85.1M | $77.3M | $63.3M | $46.3M | $27.9M | -$5.4M | -$9.6M | -$1.6K |
| Income tax | $14.4M | $24.4M | $25.5M | $19.9M | $16.5M | $12.5M | $8.3M | $1.9M | $534.0K | — |
| Net income | $32.7M | $58.8M | $59.5M | $57.3M | $46.8M | $33.8M | $19.6M | -$7.2M | -$10.2M | -$1.6K |
| EPS, basic | 1.09 | 1.81 | 1.67 | 1.52 | 1.22 | 0.89 | 0.52 | -0.28 | — | — |
| EPS, diluted | 1.08 | 1.79 | 1.63 | 1.48 | 1.20 | 0.88 | 0.52 | -0.28 | -0.59 | 0.00 |
| Shares, diluted (wtd. avg.) | $30.2M | $32.9M | $36.4M | $38.6M | $39.1M | $38.4M | $37.6M | $25.5M | $17.2M | — |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $168.7M | $130.5M | $239.2M | $149.5M | $132.5M | $74.9M | $86.1M | $73.0M | $59.8M | $38.2M |
| Receivables | $105.4M | $107.1M | $155.2M | $129.8M | $67.3M | $55.0M | $39.8M | $35.8M | $51.4M | — |
| Total current assets | $353.2M | $297.8M | $432.9M | $382.4M | $263.5M | $186.7M | $148.2M | $138.7M | $119.1M | $82.6K |
| Property, plant and equipment | $57.1M | $50.4M | $31.7M | $28.2M | $17.9M | $13.0M | $13.3M | $10.4M | $8.5M | — |
| Goodwill | $54.0M | $55.2M | $54.0M | $49.8M | $36.3M | $36.3M | $36.3M | $36.3M | $36.3M | $0 |
| Other intangibles | $25.4M | $26.8M | $18.1M | $19.8M | $15.4M | $20.4M | $27.4M | $36.4M | $48.7M | $6.3M |
| Total assets | $517.7M | $462.4M | $576.8M | $512.1M | $340.5M | $259.5M | $227.3M | $225.8M | $216.6M | $470.5K |
| Accounts payable | $15.3M | $19.5M | $36.5M | $25.7M | $23.2M | $12.8M | $13.4M | $11.4M | $8.9M | — |
| Short-term debt | — | $0 | $7.2M | $5.0M | $3.9M | $7.0M | $7.0M | $3.9M | $3.9M | — |
| Total current liabilities | $141.0M | $152.0M | $223.4M | $184.8M | $116.9M | $83.9M | $83.7M | $68.0M | $72.6M | $449.3K |
| Long-term debt | $194.8M | $156.6M | $181.1M | $150.2M | $79.2M | $80.6M | $87.6M | $113.3M | $108.1M | — |
| Total liabilities | — | — | — | — | — | — | — | — | $10.1M | $449.3K |
| Retained earnings | $290.1M | $257.5M | $198.6M | $139.1M | $81.8M | $35.0M | $1.2M | -$17.4M | -$10.2M | -$3.8K |
| Total equity | $161.1M | $134.9M | $149.0M | $149.9M | $143.0M | $94.3M | $56.0M | $44.5M | $35.9M | $3.3M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $36.9M | $53.1M | $143.5M | $15.2M | $78.1M | -$880.0K | $52.5M | $19.8M | $7.4M | -$622 |
| Depreciation and amortisation | $17.2M | $13.6M | $12.9M | $9.5M | $9.5M | $10.8M | $12.7M | $15.7M | $16.6M | — |
| Stock-based compensation | $9.3M | $7.0M | $8.1M | $7.1M | $4.6M | $3.2M | $2.6M | $5.8M | $1.8M | — |
| Capital expenditure | $21.1M | $30.0M | $12.8M | $12.2M | $10.6M | $4.1M | $6.5M | $5.3M | $4.4M | — |
| Investing cash flow | -$22.1M | -$43.9M | -$18.3M | -$12.5M | -$10.8M | -$4.1M | -$6.7M | -$5.5M | -$5.3M | — |
| Financing cash flow | $20.8M | -$114.2M | -$37.1M | $14.1M | -$9.6M | -$6.2M | -$32.9M | -$1.1M | $12.9M | $83.2K |
| Dividends paid | — | — | — | — | — | — | $0 | $0 | $20.2M | — |
| Buybacks | $16.3M | $75.1M | $66.3M | $53.7M | $5.6M | $0 | $0 | $0 | $0 | — |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001628280-26-028928.
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