WRLDWORLD ACCEPTANCE CORP
Personal Credit Institutions
- Revenue
- $585M
- 3.7% YoY
- Operating margin
- —
- EBITDA
- —
- Market cap
- $766M
- Employees
- —
- Net debt / EBITDA
- —
- $562M net debt
- AI in 10-K
- 3.1
- mentions per 10K words
Takeover score 3 of 13
Fixable underperformance 1 of 7
- TSR below peersYes4 of 5 years3+ of last 5 years
- High CEO pay despite TSRNo$966K medianMedian CEO pay ≥ $15M while TSR trails
- Earnings not backed by cashNo750% of net incomeCash flow under 80% of net income
- Dilutive SBCNo-3% of revenueOver 10% of revenue
- Payouts exceed cash flowNo51% of cash flowBuybacks + dividends over cash flow
- Goodwill-heavyNo1% of assetsOver 40% of assets
- Shareholder dissentNo81% lowest supportAny vote under 80% support
Buyer economics 1 of 4
- Low revenue per employeeNo—Bottom quartile of its SIC industry
- Quiet on AINo3.1 per 10K words · 71st pctBottom quartile of AI mentions in 10-Ks
- Net cashNo—More cash than debt, positive EBITDA
- Buyout-sizedYes$766M market capMarket cap $500M–$5B
Catalysts 1 of 2
- Active 13DNo0 filingsActive-intent 13D in 18 months
- Net insider sellingYes−$45M netNet sales over $10M in 12 months
Financials
| Metric | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 | YoY |
|---|---|---|---|---|---|---|
| Revenue | $585M | $617M | $573M | $564M | $585M | 3.7% |
| Net income | $54M | $21M | $77M | $89M | $35M | 61% |
| Operating cash flow | $272M | $292M | $266M | $254M | $259M | 2.0% |
| Capex | $6M | $6M | $6M | $4M | $4M | 5.4% |
| Stock-based comp | $18M | $9M | −$2M | −$20M | — | |
| Buybacks | $111M | $14M | $36M | $54M | $132M | 144% |
Deal filings
None.
13D filers
| Filed | Filer | Form | Stake | Intent |
|---|---|---|---|---|
| Oct 30, 2026 | Prescott General Partners LLC | SCHEDULE 13D/A | — | Passive |
| Aug 18, 2026 | Prescott General Partners LLC | SCHEDULE 13D/A | 0.7% | Passive |
| Jul 7, 2026 | Prescott General Partners LLC | SCHEDULE 13D/A | 67.6% | Passive |
| Sep 8, 2025 | Prescott General Partners LLC | SCHEDULE 13D/A | — | Passive |
| Jul 7, 2025 | Prescott General Partners LLC | SCHEDULE 13D/A | 35.1% | Passive |
| Feb 20, 2025 | Prescott General Partners LLC | SCHEDULE 13D/A | 98.1% | Passive |
| Feb 12, 2020 | Prescott General Partners LLC | SC 13D/A | 27.7% | Passive |
Insider trading
- Open-market buys, 12 mo
- $0 · 0
- Open-market sells, 12 mo
- $45M · 27
- Net
- −$45M
Pay vs performance
| Year | CEO total comp | Comp actually paid | TSR (indexed) | Peer TSR |
|---|---|---|---|---|
| FY2026 | $7M | $6M | 104 | 201 |
| FY2025 | $2M | −$7M | 98 | 194 |
| FY2024 | $966K | $7M | 112 | 162 |
| FY2023 | $957K | −$13M | 64 | 121 |
| FY2022 | $934K | $10M | 148 | 138 |