Consumer Portfolio Services, Inc. (Nasdaq: CPSS) announced its financial results for the third quarter and nine months ended September 30, 2026. The company reported a record total owned portfolio balance of $4.711 billion as of the end of the quarter, representing a 25.3% increase from the prior year period.
For the three months ended September 30, 2026, the company reported total revenue of $131.9 million, an increase of 22% compared to the same period in 2025. Net income for the quarter was $7.0 million, up 43% from $4.9 million in Q3 2025. Diluted earnings per share (EPS) increased 50% to $0.30 per share.
Loan origination volume saw significant growth, with contract purchases increasing 109% year-over-year to $815.3 million in Q3 2026. The company noted that this growth was driven by an expanding dealership network and enhanced underwriting efficiency. Additionally, the company completed its 110th securitization transaction in Q3 2026, which was the largest deal in its 35-year history.
On the credit performance front, total delinquencies decreased to 12.29% as of Q3 2026, down from 13.96% in the prior year. Annualized net charge-offs decreased to 7.26% from 8.01% in Q3 2025. Net recovery rates on repossessed collateral sold at wholesale auction improved to 32.0%.
The company also disclosed that it renewed its warehouse line of credit, increasing the capacity to $508 million from $335 million. A conference call to discuss the results is scheduled for October 26, 2026, at 1:00 p.m. ET.
