Consumer Portfolio Services (NASDAQ: CPSS) details full-year 2025 results

Rhea-AI Filing Summary

Consumer Portfolio Services, Inc. furnished an investor presentation outlining its auto finance business and 2025 performance. The company manages a $3.89 billion portfolio as of December 31, 2025 and has achieved 57 consecutive profitable quarters, reflecting a long track record in subprime auto lending.

For the twelve months ended December 31, 2025, Consumer Portfolio Services reported total revenues of $434.5 million, net income of $19.3 million, and fully diluted EPS of $0.80. Auto contract purchases were $1,638.3 million and the total portfolio reached $3,778.7 million, with pretax return on managed assets of 0.8%.

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UNITED STATES SECURITIES AND EXCHANGE COMMISSION

WASHINGTON DC 20549

FORM 8-K

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(d) OF THE

SECURITIES EXCHANGE ACT OF 1934

Date of Report (Date of earliest event reported) March 24, 2026

CONSUMER PORTFOLIO SERVICES, INC.

(Exact Name of Registrant as Specified in Charter)

california		1-11416		33-0459135
(State or Other Jurisdiction of Incorporation)		(Commission File Number)		(IRS Employer Identification No.)

3800 Howard Hughes Pkwy, Suite 1400, Las Vegas, NV 89169

(Address of Principal Executive Offices) (Zip Code)

Registrant's telephone number, including area code (949) 753-6800

Not Applicable

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class	Trading Symbol(s)	Name of each exchange on which registered
Common Stock, no par value	CPSS	The Nasdaq Stock Market LLC (Global Market)

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

ITEM 7.01. REGULATION FD DISCLOSURE.

We are today making available one presentation consisting of 19 slides. A copy is attached as an exhibit. Although the exhibit is an update of similar presentations made available from time to time as an exhibit to a report on Form 8-K, we are not undertaking to update further any of the information that is contained in the attached presentation. The same presentation furnished as an exhibit to this report will be made available on our website, at this address:

http://ir.consumerportfolio.com/events-and-presentations/presentations

We routinely post important information, including news releases and reports to the U.S. Securities and Exchange Commission, on our website.

The information furnished in this report shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended.

ITEM 9.01. FINANCIAL STATEMENTS AND EXHIBITS.

Neither financial statements nor pro forma financial information are filed with this report.

(d) Exhibits

One exhibit is attached:

99.1	Company Summary as of December 31, 2025
104	Cover Page Interactive Data File (embedded within the Inline XBRL document).

2

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

	CONSUMER PORTFOLIO SERVICES, INC.
Dated: March 24, 2026	By: /s/ Denesh Bharwani
	Denesh Bharwani Executive Vice President Signing on behalf of the registrant

3

Exhibit 99.1

The Subprime Source Since 1991 December 2025 Investor Presentation

SAFE HARBOR STATEMENT Forward - looking statements in this presentation include the Company’s expectations of growth and the Company's recorded figures representing allowances for remaining expected lifetime credit losses, its estimates of fair value (most significantly for its receivables accounted for at fair value), its provision for credit losses, its entries offsetting the preceding, and figures derived from any of the preceding. In each case, such figures are forward - looking statements because they are dependent on the Company’s estimates of losses to be incurred in the future. The accuracy of such statements may be adversely affected by various factors, which include the following: possible increased delinquencies; repossessions and losses on retail installment contracts; incorrect prepayment speed and/or discount rate assumptions; possible unavailability of qualified personnel, which could adversely affect the Company’s ability to service its portfolio; possible increases in the rate of consumer bankruptcy filings, which could adversely affect the Company’s rights to collect payments from its portfolio; other changes in government regulations affecting consumer credit; possible declines in the market price for used vehicles, which could adversely affect the Company’s realization upon repossessed vehicles; economic conditions in geographic areas in which the Company's business is concentrated; and our ability to generate sufficient operating and financing cash flows. Any or all of such factors also may affect the Company’s future financial results, as to which there can be no assurance. Any implication that the results of the most recently completed quarter are indicative of future results is disclaimed, and the reader should draw no such inference. Factors such as those identified above in relation to losses to be incurred in the future may affect future performance. 2

COMPANY OVERVIEW Consumer Portfolio Services specializes in purchasing and servicing automobile contracts originated by licensed motor vehicle dealers in the sale of new and used automobiles, light trucks and passenger vans. Through our purchases, we provide indirect financing to dealers for sub - prime customers. We serve as an alternative source of financing for dealers, allowing sales to customers who otherwise might not be able to obtain financing. $3.89 Billion Managed Portfolio (1) NASDAQ Listed: CPSS Average Management Tenure is 25 Years - ~300 Combined Years at CPS HQ in Las Vegas, NV Operating Branches in NV, CA, IL, VA and FL 913 Employees (1) 8,000 Daily Applications Received from Dealers (1) Established in 1991. IPO 1992 57 Consecutive Profitable Quarters (1) 106 ABS Deals to Date (1) As of December 31, 2025 3

THE CPS ADVANTAGE • Repo - Skip Scorecard • Deficiency Scorecard • Dealer Scorecard • Asset Scorecard • Collection Behavior Scorecard • Extension Scorecard • Applicant Scorecard • Deal Scorecard • Early Payment Default Scorecard Originations Servicing (Collection) Servicing (Recovery) Asset & Dealers CPS is a leader in Machine Learning (ML) and Artificial Intelligence (AI). • Industry leading disciplined modeling framework: Linear/Logistic Regression, Neural Network, Decision Tree, Ensemble Model, Time Series, Machine Learning, Random Forest • Continuous model training and recalibration Proprietary Modeling and Scorecards Instant Credit Decisions Leads CPS to Higher Quality Loans Risk Department Led by Industry Veterans Decades of Historical Performance Data Shape our Models 4

LEADERSHIP Charles “Brad” Bradley CEO, Chairman of the Board • CEO since 1992 • Chairman of the Board since 2001 • 35 years at CPS Mike Lavin President, COO, CLO • President since 2022 • COO since 2019. CLO since 2014 • 25 Years at CPS Danny Bharwani CFO • CFO since 2022 • 29 years at CPS CPS’ senior management team consists of 13 executives that are led by Brad, Mike, Robert and Danny. Each has significant industry experience and, on average, 25 years with CPS. Combined, senior management has over 300 years of auto lending experience just at CPS . Robert Riedl CRO • Re - joined as Chief Risk Officer in 2025 • 13 Years at CPS 5

MARKET • $1.6 trillion auto loans outstanding at Q3 2025 (1) • ~15% of auto financings in Q3 2025 were sub - prime (1) Large Total Addressable Market (TAM) • Capital - intensive • Highly regulated industry High Barrier to Entry • Few dominant players • Compete on rates and fees Small, Fragmented Market Dynamics Footprint Powered by Bing © GeoNames, Microsoft, TomTom (1) According to Experian Automotive (2) As of December 31, 2025 6 6% 7% 10% 6% 5% • Highest volume originating states for CPS (2) • Contracts purchased in 47 states (2)

PRODUCT OFFERING Meta 13.93% $102,701 5% Preferred 15.98% $91,887 18% Super Alpha 18.35% $82,331 20% Alpha Plus 20.60% $84,263 20% Alpha 21.88% $64,730 28% Standard 23.49% $61,205 7% Mercury / Delta 24.33% $57,500 1% First Time Buyer 23.89% $46,773 1% Overall 19.65% $22,976 $20,906 $16,855 $15,098 $13,913 $22,652 $76,443 568 555 566 572 553 585 573 100% % of Purchases Avg. Yield Program (1) Avg. Amount Financed $26,364 $27,086 $25,757 Household Income Avg. Time on Job (years) 8.8 7.2 5.7 5.1 4.2 3.3 3.6 2.6 5.2 Avg. FICO 656 591 (1) Under the CPS programs for contracts purchased for the twelve months ended December 31, 2025. 7

ORIGINATION CHARACTERISTICS 100.0% 105.0% 110.0% 115.0% 120.0% 125.0% 130.0% Loan to Value 8.5% 9.0% 9.5% 10.0% 10.5% 11.0% 11.5% 12.0% Payment to Income 590 585 580 575 570 565 560 555 550 545 FICO 0.0% 5.0% 10.0% 15.0% 20.0% 25.0% APR $0 $5,000 $10,000 $15,000 $20,000 $25,000 Amount Financed 72.0 71.5 71.0 70.5 70.0 69.5 69.0 68.5 68.0 67.5 67.0 66.5 66.0 Original Term 8 All charts are contracts purchased for the twelve months ended December 31, 2025, and calculated on a weighted average basis, besides Amount Financed, which is the simple average.

DEMAND FOR OUR LENDING PROGRAMS 0 500,000 1,000,000 1,500,000 2,000,000 2,500,000 3,000,000 3,500,000 Applications vs. Funded Loans Approved Applications 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 Applications Contracts Funded 46% Average Approval Rate 10,000 Approved Dealer Network Strong Demand for our Lending Programs Auto Decisioning Proprietary AI Driven Scorecard Selective Funding Answers Within Seconds to Dealers 9

WHO IS OUR CUSTOMER? CPS Customer 41 Years Old on Average 5 Years Average Job Time 7 Years Average Length at Residence 8 Years Credit History on Average 24.0% Homeowners 10.6% Average Payment to Income $76,443 Average Household Income 34.2% Average Debt to Income 10 Amounts for CPS programs for contracts purchased for the twelve months ended, December 31, 2025.

WHAT DO OUR CUSTOMERS DRIVE? Certified Pre - Owned, 18% Pre - Owned, 72% VEHICLE TYPE New, 10% Factory Franchised, 71% ORIGINATING DEALERSHIP Independent, 29% Domestic, 48% 11 Charts show data of CPS programs for contracts purchased for the twelve months ended December 31, 2025. Imports , 52% VEHICLE MAKE

PORTFOLIO PERFORMANCE Data shown is CNL performance by origination quarter, and as of December 31, 2025. 12 22.00% 20.00% 18.00% 16.00% 14.00% 12.00% 10.00% 8.00% 6.00% 4.00% 2.00% 0.00% CNL Percentage 2016 - Q2 2018 - Q4 2021 - Q2 2023 - Q4 2016 - Q3 2019 - Q1 2021 - Q3 2024 - Q1 2016 - Q4 2019 - Q2 2021 - Q4 2024 - Q2 1 3 5 7 9 11 13 15 17 19 21 23 25 27 29 31 33 35 37 39 41 43 45 47 49 51 53 55 57 59 61 63 65 67 69 71 73 75 77 79 81 83 Months Seasoned 2016 - Q1 2017 - Q1 2018 - Q3 2019 - Q3 2021 - Q1 2022 - Q1 2023 - Q3 2024 - Q3 2017 - Q2 2019 - Q4 2022 - Q2 2024 - Q4 2017 - Q3 2020 - Q1 2022 - Q3 2025 - Q1 2017 - Q4 2020 - Q2 2022 - Q4 2025 - Q2 2018 - Q1 2020 - Q3 2023 - Q1 2025 - Q3 2018 - Q2 2020 - Q4 2023 - Q2 2025 - Q4

ECONOMIC MODEL Interest Income December 31, 2024 11.4% Mark to Fin. Recs. at FV 0.6% Servicing and Other Income 0.2% Interest Expense (6.1%) Net Interest Margin 6.1% Provision for Credit Losses 0.1% Core Operating Expenses (5.4%) Pretax Return on Assets 0.8% 0.9% 0.9% nded (1) Quarter E December 31, 2024 December 31, 2025 11.4% 11.5% 0.6% 0.0% 0.2% 0.1% (6.1%) (6.3%) 6.1% 5.3% 0.1% 0.0% (5.4%) (4.6%) 13 Twelve Months Ended (1) (1) Statement of Operations three months ended, as a percentage of the average managed portfolio. Percentages may not add due to rounding.

SUMMARY BALANCE SHEET December 31, 2025 December 31, 2024 Assets Cash $ $ Restricted cash 11.7 125.7 Finance receivables, net of allowance 5.0 Finance receivables, measured at fair value 3,313.8 Other assets 6.3 165.9 0.5 3,655.9 29.6 37.7 3,858.2 $ 3,493.9 $ Liabilities Accounts payable and accrued expenses $ 70.1 $ Warehouse lines of credit 410.9 Residual interest financing 99.2 Securitization trust debt 2,594.4 Subordinated renewable notes 65.2 324.9 143.0 2,986.6 29.0 26.5 3,201.1 Shareholders' equity 3,548.7 309.5 292.8 3,858.2 $ 3,493.9 $ Summary Balance Sheet ($ in millions) (1) (1) Numbers may not add due to rounding . 14

SUMMARY STATEMENT OF OPERATIONS (1) Numbers may not add due to rounding. December 31, 2025 December 31, 2024 Interest income 422.7 $ Mark to finance receivables at fair value 6.5 $ 364.0 21.0 Other income 5.3 8.5 Total Revenues 434.5 393.5 Employee costs 95.4 96.2 General and administrative 82.0 83.9 Interest 232.0 191.3 Provision for credit losses (2.9) (5.3) Total Expenses 406.5 366.1 Pretax income 28.0 27.4 Income tax expense 8.7 8.2 Net income 19.3 $ 19.2 $ EPS (fully diluted) 0.80 $ 0.79 $ Summary Statement of Operations ($ in millions) (1) Twelve Months Ended 15

SELECTED FINANCIAL DATA ($ in millions) December 31, 2025 December 31, 2024 Auto contract purchases 1,638.3 Total portfolio 3,778.7 Risk - adjusted margin (1) 205.4 $ $ $ Core operating expenses (2) $ Amount 177.4 $ % of avg. managed portfolio 4.8% $ 1,681.9 $ 3,491.0 $ 207.6 $ 180.1 5.6% Pretax return on managed assets (3) 0.8% 0.9% Total delinquencies and repo inventory (30+ days past due) As a % of total owned portfolio 14.77% 14.85% Annualized net charge - offs As a % of total owned portfolio 7.76% 7.62% Twelve Months Ended Total expenses less provision for credit losses and interest expense. (1) Revenues less interest expense and provision for credit losses. (2) (3) Equal to annualized pretax income as a percentage of the average managed portfolio . 16

SHAREHOLDER VALUE Growing Shareholder Value NASDAQ Listed Stock - Ticker Symbol: CPSS $0 $2,500 $5,000 $7,500 $10,000 $12,500 $15,000 $17,500 $20,000 $22,500 $25,000 $27,500 $30,000 $32,500 $35,000 $37,500 $40,000 Dec - 18 Mar - 19 Jun - 19 Sep - 19 Dec - 19 Mar - 20 Jun - 20 Sep - 20 Dec - 20 Mar - 21 Jun - 21 Sep - 21 Dec - 21 Mar - 22 Jun - 22 Sep - 22 Dec - 22 Mar - 23 Jun - 23 Sep - 23 Dec - 23 Mar - 24 Jun - 24 Sep - 24 Dec - 24 Mar - 25 Jun - 25 Sep - 25 Dec - 25 $0.00 $1.00 $2.00 $3.00 $4.00 $5.00 $6.00 $7.00 $8.00 $9.00 $10.00 $11.00 $12.00 $13.00 $14.00 $15.00 Pre - tax Income $ in Thousands - Left Axis Diluted Book Value per Share in $ - Right Axis 17 Book Value per Share in $ - Right Axis

INVESTMENT OUTLOOK Continuous Growth Strong macroeconomic factors AI - driven Originations Scorecard Strong Fundamentals • Originations volumes are driving top line revenue growth • Managed portfolio is at largest amount in company history • Shareholder value continues to increase • Raised Wtd. Avg APRs in originations from 17.72% in Dec 2022 to 19.65% in December 2025 • Favorable demand for used vehicles • Stable delinquencies • Improves efficiency and customer satisfaction • Updated Credit Scorecard went live in December 2025 • Industry leading technology in all facets of our business • Continuous growth in interest income • Increasing shareholder equity - highest in company history • Decreasing core operating expenses, while portfolio grows • Lower borrowing rates on our credit facilities Investor Relations Contact Mike Lavin, President/ COO/ CLO Mike@consumerportfolio.com 18

REFERENCE TO PUBLIC REPORTS Any person considering an investment in securities issued by CPS is urged to review the materials filed by CPS with the U.S. Securities and Exchange Commission ("Commission"). Such materials may be found by inquiring of the Commission‘s EDGAR search page www.sec.gov/edgar/searchedgar/companysearch.html using CPS's ticker symbol, which is "CPSS." Risk factors that should be considered are described in Item 1A, “Risk Factors," of CPS’s most recent annual report on Form 10 - K and subsequent reports on Form 10 - Q, which reports are on file with the Commission and available for review at the Commission's website. Such description of risk factors is incorporated herein by reference. 19

FAQ

What did Consumer Portfolio Services (CPSS) disclose in its March 24, 2026 Form 8-K?

Consumer Portfolio Services furnished a 19-slide investor presentation summarizing its business and 2025 results. The presentation, dated December 2025, highlights portfolio size, profitability metrics, credit performance, and market positioning in subprime auto finance, and is available as Exhibit 99.1 and on the company’s investor website.

How profitable was Consumer Portfolio Services (CPSS) in 2025?

In 2025, Consumer Portfolio Services generated net income of $19.3 million and fully diluted EPS of $0.80. Total revenues were $434.5 million and pretax income reached $28.0 million, extending the company’s streak to 57 consecutive profitable quarters as of December 31, 2025.

What portfolio size did Consumer Portfolio Services (CPSS) report as of December 31, 2025?

Consumer Portfolio Services reported a $3.89 billion managed portfolio as of December 31, 2025. Selected financial data shows a total portfolio of $3,778.7 million, reflecting the scale of its purchased and serviced auto contracts across 47 states and multiple credit tiers.

What key operating and credit metrics did CPSS highlight for 2025?

For 2025, CPSS reported risk-adjusted margin of $205.4 million, core operating expenses of $177.4 million, pretax return on managed assets of 0.8%, total delinquencies and repossessions at 14.77% of the owned portfolio, and annualized net charge-offs at 7.76% of the owned portfolio.

How much in auto contracts did Consumer Portfolio Services purchase in 2025?

Consumer Portfolio Services purchased $1,638.3 million in auto contracts during the twelve months ended December 31, 2025. These purchases span multiple credit programs, with an overall average yield of 19.65%, supporting the company’s managed portfolio growth and revenue generation in subprime auto financing.

What market and customer profile does CPSS describe in the 2025 presentation?

CPSS operates in a large U.S. auto loan market, with about $1.6 trillion outstanding and roughly 15% subprime originations in Q3 2025. Its typical customer has $76,443 average household income, about 5 years job time, and finances primarily pre-owned vehicles through franchised dealerships.

Filing Exhibits & Attachments

4 documents

Press Releases

• EX-99.1 COMPANY SUMMARY AS OF DECEMBER 31, 2025 26.5 KB

Other Documents

• EX-101 XBRL SCHEMA FILE 3.0 KB
• EX-101 XBRL LABEL FILE 34.1 KB
• EX-101 XBRL PRESENTATION FILE 22.3 KB