Financial leverage is increasing under operational pressure, with the debt-to-equity ratio rising to 1.61 in 2026Q1 as total liabilities reached $403.2 million.
| Total Current Assets | 402.37M | 353.16M | 297.78M | 432.87M | 382.44M | 263.55M | 186.73M | 148.23M | 138.65M | 119.11M | 77.14M | 0 |
| Cash & Short-Term Investments | 170.32M | 168.68M | 130.5M | 239.2M | 149.49M | 132.47M | 74.91M | 86.12M | 73.03M | 59.16M | 37.6M | 0 |
| Cash Only | 170.32M | 168.68M | 130.5M | 239.2M | 149.49M | 132.47M | 74.91M | 86.12M | 73.03M | 59.16M | 37.6M | 0 |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accounts Receivable | 108.07M | 107.17M | 109.16M | 156.75M | 131.12M | 68.05M | 55.48M | 39.75M | 35.8M | 51.37M | 27.77M | 0 |
| Days Sales Outstanding | 90.82 | 64.36 | 60.49 | 86.85 | 87.52 | 54.09 | 56.69 | 45.4 | 47.7 | 93.27 | 61.28 | - |
| Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Days Inventory Outstanding | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Current Assets | 123.97M | 77.31M | 1.88M | 2.61M | 4.73M | 1.02M | 218K | 19.32M | 27.11M | 7.97M | 11.59M | 0 |
| Total Non-Current Assets | 163.57M | 164.53M | 164.59M | 143.94M | 129.64M | 76.99M | 72.75M | 79.08M | 87.19M | 96.95M | 41.63M | 25K |
| Property, Plant & Equipment | 58.6M | 57.15M | 68.86M | 53.76M | 52.93M | 17.91M | 13.02M | 13.28M | 10.39M | 8.49M | 6.25M | 0 |
| Fixed Asset Turnover | 7.41x | 10.63x | 9.56x | 12.25x | 10.33x | 25.65x | 27.43x | 24.06x | 26.35x | 23.68x | 26.48x | - |
| Goodwill | 53.99M | 53.99M | 55.2M | 53.99M | 49.77M | 36.26M | 36.26M | 36.26M | 36.26M | 36.26M | 0 | 0 |
| Intangible Assets | 24.37M | 25.4M | 26.85M | 18.14M | 19.83M | 15.39M | 20.43M | 27.38M | 36.4M | 48.74M | 6.35M | 0 |
| Long-Term Investments | 5.48M | 2.7M | 2.2M | 2.9M | 0 | 0 | 521K | 191K | 309K | 0 | 0 | 25K |
| Other Non-Current Assets | 23.83M | 25.3M | 11.49M | 15.16M | 7.11M | 7.43M | 3.04M | 1.22M | 1.56M | 1.71M | 1.22M | 0 |
| Total Assets | 565.94M | 517.69M | 462.38M | 576.81M | 512.07M | 340.54M | 259.47M | 227.31M | 225.84M | 216.05M | 118.77M | 25K |
| Asset Turnover | 0.93x | 1.17x | 1.42x | 1.14x | 1.07x | 1.35x | 1.38x | 1.41x | 1.21x | 0.93x | 1.39x | 4967.97x |
| Asset Growth % | 11.45% | 11.96% | -19.84% | 12.64% | 50.37% | 31.24% | 14.15% | 0.65% | 4.53% | 81.9% | 474995.81% | - |
| Total Current Liabilities | 141.83M | 140.96M | 152M | 223.37M | 184.77M | 116.86M | 83.94M | 83.72M | 68.04M | 72.62M | 38.33M | 2.19K |
| Accounts Payable | 15.38M | 15.32M | 19.52M | 36.51M | 25.69M | 23.15M | 12.77M | 13.4M | 11.44M | 8.92M | 5.88M | 0 |
| Days Payables Outstanding | 14.57 | 14.38 | 104.4 | 30.54 | 25.7 | 27.48 | 19.54 | 23 | 22.88 | 24.04 | 19.86 | - |
| Short-Term Debt | 6.11M | 6.21M | 0 | 7.16M | 4.97M | 3.88M | 7.04M | 7.04M | 3.94M | 3.91M | 849.81K | 300 |
| Deferred Revenue (Current) | 543K | 0 | 2.69M | 4.77M | 4.21M | 3.39M | 2.75M | 2.5M | 745K | 56.56M | 28.3M | 0 |
| Other Current Liabilities | 110.87M | 117.49M | 105.53M | 2M | 1.32M | 0 | 57.14M | 56.06M | 37.24M | 49.12M | 25.17M | 1.89K |
| Current Ratio | 2.84x | 2.51x | 1.96x | 1.94x | 2.07x | 2.26x | 2.22x | 1.77x | 2.04x | 1.64x | 2.01x | - |
| Quick Ratio | 2.84x | 2.51x | 1.96x | 1.94x | 2.07x | 2.26x | 2.22x | 1.77x | 2.04x | 1.64x | 2.01x | - |
| Cash Conversion Cycle | 76.25 | - | - | - | - | - | - | - | - | - | - | - |
| Total Non-Current Liabilities | 261.42M | 215.68M | 175.46M | 204.4M | 177.4M | 80.64M | 81.27M | 87.62M | 113.33M | 107.53M | 77.18M | 0 |
| Long-Term Debt | 240.81M | 194.82M | 156.62M | 181.07M | 150.24M | 79.21M | 80.58M | 87.62M | 113.33M | 108.05M | 77.18M | 0 |
| Capital Lease Obligations | 63.98M | 15.48M | 18.58M | 22.67M | 23.27M | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Tax Liabilities | 11.23M | 5.37M | 250K | 659K | 3.89M | 1.43M | 692K | 0 | 8.9M | 0 | 0 | 0 |
| Other Non-Current Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Liabilities | 403.25M | 356.64M | 327.45M | 427.77M | 362.17M | 197.5M | 165.21M | 171.34M | 181.37M | 180.15M | 115.52M | 2.19K |
| Total Debt | 262.28M | 216.51M | 181.67M | 215.86M | 183.74M | 83.09M | 87.62M | 94.67M | 117.26M | 111.44M | 78.03M | 300 |
| Net Debt | 91.96M | 47.83M | 51.17M | -23.34M | 34.25M | -49.38M | 12.72M | 8.55M | 44.23M | 52.28M | 40.43M | 300 |
| Debt / Equity | 1.61x | 1.34x | 1.35x | 1.45x | 1.23x | 0.58x | 0.93x | 1.69x | 2.64x | 3.10x | 23.95x | 0.01x |
| Debt / EBITDA | -9.60x | 2.54x | 1.67x | 1.99x | 1.99x | 1.07x | 1.38x | 1.93x | 4.08x | 5.92x | 3.05x | 0.00x |
| Net Debt / EBITDA | -3.36x | 0.56x | 0.47x | -0.22x | 0.37x | -0.64x | 0.20x | 0.17x | 1.54x | 2.78x | 1.58x | 0.00x |
| Interest Coverage | -4.02x | 4.98x | 8.09x | 9.16x | 14.73x | 14.96x | 8.05x | 4.28x | 0.71x | -0.27x | 2.41x | 3.35x |
| Total Equity | 162.69M | 161.05M | 134.92M | 149.04M | 149.91M | 143.04M | 94.26M | 55.97M | 44.47M | 35.9M | 3.26M | 22.81K |
| Equity Growth % | 41.62% | 19.37% | -9.47% | -0.58% | 4.8% | 51.75% | 68.42% | 25.84% | 23.87% | 1001.78% | 14183.71% | - |
| Book Value per Share | 5.35 | 5.34 | 4.11 | 4.09 | 3.88 | 3.66 | 2.46 | 1.49 | 1.75 | 0.99 | 0.09 | 0.00 |
| Total Shareholders' Equity | 162.69M | 161.05M | 134.92M | 149.04M | 149.91M | 143.04M | 94.26M | 55.97M | 44.47M | 35.9M | 3.26M | 22.81K |
| Common Stock | 4K | 4K | 4K | 4K | 4K | 4K | 4K | 4K | 4K | 161.13M | 818.79K | 530 |
| Retained Earnings | 290.65M | 290.14M | 257.47M | 198.65M | 139.13M | 81.8M | 34.96M | 1.18M | -17.42M | -10.17M | -67.55M | -2.19K |
| Treasury Stock | -217.03M | -217.03M | -200.7M | -125.56M | -59.3M | -5.57M | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | -367K | 104K | -1.45M | 262K | -142K | -76K | -13K | 93K | -2K | -2.37K | -20.27K | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Liquidity and solvency deterioration
As reported in recent financial filings, IMXI's total equity has stagnated while total liabilities have surged to $403.2M in 2026Q1, signaling a concerning trajectory where the company's net asset position is increasingly pressured by rising debt obligations and a lack of meaningful retained earnings growth.
The expansion of the balance sheet appears driven by debt accumulation rather than asset-based value creation. This trend suggests that the company is struggling to maintain its financial foundation as core operational performance continues to deteriorate.
Based on the provided quarterly data, IMXI's debt-to-equity ratio climbed to 1.61 in 2026Q1, reflecting a significant increase in leverage that appears to be a necessity-driven response to declining cash flows rather than a strategic move to fund high-return growth initiatives.
The reliance on debt to bridge the gap between operational outflows and liquidity needs warrants close monitoring by investors. This rising leverage profile may limit future financial flexibility and increase the company's sensitivity to interest rate fluctuations.
According to recent balance sheet disclosures, IMXI's current ratio of 2.84 in 2026Q1 masks underlying liquidity risks, as the company's cash position of $170.3M must be viewed against the backdrop of significant settlement obligations and the recent, rapid depletion of working capital reserves.
While the headline current ratio appears adequate, the disconnect between cash on hand and the company's ability to generate internal liquidity suggests a potential vulnerability. Investors should monitor whether these cash reserves are truly unencumbered or if they are largely committed to ongoing settlement cycles.
As indicated by the company's financial statements, the reported cash balance of $170.3M may be misleading, as a substantial portion likely represents settlement assets owed to third parties, which could leave the company with a much thinner margin of safety than the headline figures suggest.
The lack of deferred revenue in recent quarters further implies that the company is not building a cushion of future service obligations, leaving it exposed to immediate cash flow shocks. This structural reality makes the balance sheet appear more robust than it may be in a stress scenario.
Quick answers to the most common questions about buying IMXI stock.
As of 2025, International Money Express, Inc. (IMXI) had total assets of $517.7M including $353.2M in current assets.
International Money Express, Inc. (IMXI) carries total debt of $216.5M, offset by $168.7M in cash and short-term investments. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.
International Money Express, Inc. (IMXI) has total shareholders' equity (book value) of $161.1M ($5.34 book value per share). Book value represents the net worth of the company belonging to common stock holders.
International Money Express, Inc. (IMXI) reported a current ratio of 2.51x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.