CONSUMER PORTFOLIO SERVICES, INC.
For the period ended Mar 31, 2026. Filed May 8, 2026.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2026 · Filed May 8, 2026
What changed in Risk Factors?
Read the current filingPrevious report: 10-Q
Period ended 2025-09-30; filed 2025-11-10.
0001683168-25-008144
Item 1A. Risk FactorsUnregistered Sales of Equity Securities and Use of ProceedsCurrent report: 10-Q
Period ended 2026-03-31; filed 2026-05-08.
0001683168-26-003607
Item 1A. Risk FactorsThe baseline is this issuer’s latest earlier reporting period of the same form that was filed before the current report. A previous 10-Q is a different quarter, not a year-over-year comparison. Amendments are excluded.
Compared 9 previous paragraphs and 9 current paragraphs.
7 unchanged; 2 reworded; 0 added; 0 removed; 0 previous and 0 current paragraphs rearranged.
Tables are not compared: 3 previous and 3 current tables excluded. Dates, whitespace, punctuation and numbering changes are ignored; changes to financial figures remain significant.
A changed paragraph is not evidence that risk increased or decreased. An unchanged paragraph does not establish that risk stayed the same.
Reworded paragraphs (2)
Previous wording
We have and will continue to have a substantial amount of indebtedness. At September 30, 2025, we had approximately $3,435.2 million of debt outstanding. Such debt consisted primarily of $2,916.4 million of securitization trust debt and $340.6 million of debt from warehouse lines of credit. Our securitization trust debt has increased by $322.1 million while our warehouse lines of credit debt has decreased by $70.3 million since December 31, 2024 (each net of deferred financing costs). Since 2005, we have offered renewable subordinated notes to the public on a continuous basis, and such notes have maturities that range from six months to 10 years. We had $28.6 million and $26.5 million in subordinated renewable notes outstanding at September 30, 2025, and December 31, 2024, respectively. In June 2021, March 2024, and again on March 20, 2025, we completed a securitization of residual interests from other previously issued securitizations in the amount of $50 million, $50 million, and $65 million, respectively. As of September 30, 2025, we have $149.5 million of the residual interest debt remains outstanding.
Current wording
We have and will continue to have a substantial amount of indebtedness. At March 31, 2026, we had approximately $3,668.2 million debt outstanding. Such debt consisted primarily of $2,992.2 million of securitization trust debt and $467.1 million of debt from warehouse lines of credit. Our securitization trust debt has increased by $5.6 million while our warehouse lines of credit debt has increased by $142.3 million since December 31, 2025 (each net of deferred financing costs). Since 2005, we have offered renewable subordinated notes to the public on a continuous basis, and such notes have maturities that range from six months to 10 years. We had $27.5 million and $29.0 million in subordinated renewable notes outstanding at March 31, 2026, and December 31, 2025, respectively. In June 2021, March 2024, March 2025, and again on March 2026, we completed a securitization of residual interests from other previously issued securitizations in the amounts of $50 million, $50 million, $65 million, and $50 million, respectively. As of March 31, 2026, $181.4 million of the residual interest debt remains outstanding.
Previous wording
During the three months ended September 30, 2025, we repurchased 112,482 shares from existing shareholders, as reflected in the table below.
Current wording
During the three months ended March 31, 2026, we repurchased 126,622 shares from existing shareholders, as reflected in the table below.