Q1 2026 goeasy Ltd Earnings Call Transcript

May 13, 2026 / 01:00 PM GMT

Release Date Price: C$29.42 (-5.07%)

Transcript

Key Points

Positve

goeasy Ltd (EHMEF) reported strong cash generation from operations, with $560 million provided before net principal written in Q1 2026.
The company successfully reduced its exposure to underperforming merchant-originated loans, particularly in the LendCare segment.
goeasy Ltd (EHMEF) maintained a strong liquidity position, with $1.1 billion in cash on hand and unused borrowing capacity.
The direct-to-consumer Easy Financial brand showed stable credit performance and is expected to be the focus for growth in the second half of 2026.
The company implemented a six-point action plan, including a workforce reduction, expected to contribute $30 million in annualized savings.

Negative

goeasy Ltd (EHMEF) reported an adjusted diluted EPS of negative $1.90 for Q1 2026, indicating a loss.
The total net charge-off rate was high at 17.8%, with elevated charge-offs in the merchant-originated business impacting earnings.
Delinquencies increased by 30 basis points year-over-year to 12.3%, with a notable rise in 1 to 30 days past-due loan balances.
The allowance for expected credit losses increased to 10.09% in Q1 2026, reflecting a weak macroeconomic environment.
The company faced challenges with its LendCare segment, which had a net charge-off rate of 26.4% in the quarter.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

GSY.TO - goeasy Ltd
Q1 2026 goeasy Ltd Earnings Call
May 13, 2026 / 01:00PM GMT

=====================
Presentation
--------------------------------------------------------------------------------
Unidentified_1 [1]
--------------------------------------------------------------------------------
Good morning, ladies and gentlemen, and welcome to GoEZ Q1 2026 Earnings Conference Call. At this time, all lines are in the listen-only mode. Following the presentation, we will conduct a question-and-answer session. And if at any time during this call you require immediate assistance, please press *0 for the operator. Also note that this call is being recorded on Wednesday, May 13, 2026.

I would now like to turn the conference over to James Obrett, Senior Vice President of Investor Relations in Capital Markets. Please go ahead.

--------------------------------------------------------------------------------
Unidentified_2 [2]
--------------------------------------------------------------------------------
Thank you,

Already have an account? Log in

Get the full story

Subscribe Now

	Access to All Earning Calls and Stock Analysis
	30-Year Financial on one screen
	All-in-one Stock Screener with unlimited filters
	Customizable Stock Dashboard
	Real Time Insider Trading Transactions
	8,000+ Institutional investors’ 13F holdings
	Powerful Excel Add-in and Google sheets Add-on
	All data downloadable
	Quick customer support
	And much more...

30-Day 100% money back guarantee

Subscription fee may be tax deductible.

Excellent

4.6 out of 5

Trustpilot

Research Tools

All-In-One Screener Stock Ideas Stock List Guru List Guru Real-Time Picks Insider List Insider Trades Economic Indicators Sector & Industry Performance DCF Calculator Calculators Discussion Board

Product

Pricing Plans Excel Add-In Google Sheets Add-on Data API Stock Comparison Table Manual of Stocks Instant Alerts Mobile App Newsletters Signup 中文

Education

Financial Glossary Tutorials FAQ Buffett Indicator Shiller P/E Yield Curve Today U.S. Inflation Rate Global Market Valuation Fed Net Liquidity Buffett Assets Allocation

Company

About GuruFocus Career Contact Us Advertise Term of Use Privacy Policy Referral Program Partner Program

Survey

We'd love to learn more about your experiences on GuruFocus.com and how we can improve!

Take Survey

Disclaimers

GuruFocus.com is not operated by a broker or a dealer. Under no circumstances does any information posted on GuruFocus.com represent a recommendation to buy or sell a security. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The individuals or entities selected as "gurus" may buy and sell securities before and after any particular article and report and information herein is published, with respect to the securities discussed in any article and report posted herein. Gurus may be added or dropped from the GuruFocus site at any time. In no event shall GuruFocus.com be liable to any member, guest or third party for any damages of any kind arising out of the use of any content or other material published or available on GuruFocus.com, or relating to the use of, or inability to use, GuruFocus.com or any content, including, without limitation, any investment losses, lost profits, lost opportunity, special, incidental, indirect, consequential or punitive damages. Past performance is a poor indicator of future performance. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The information on this site is in no way guaranteed for completeness, accuracy or in any other way. The gurus listed in this website are not affiliated with GuruFocus.com, LLC. Stock quotes are provided by QuoteMedia, Inc. (CSI). Company fundamental data is provided by Morningstar. Analyst estimates data is sourced from both Refinitiv and Morningstar, with priority given to Refinitiv data. Data is updated daily.