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Consumer Portfolio Services, Inc. reported Q1 2026 revenue of $112.3 million, up 5.1% from the prior-year quarter, driven by higher interest income on a larger auto loan portfolio. Net income rose to $5.5 million, with diluted EPS of $0.24 versus $0.19 a year earlier.
Total assets reached $4.1 billion, and finance receivables measured at fair value grew to $3.84 billion. The company relies heavily on securitization trust debt of $3.0 billion and warehouse credit lines of $467.1 million to fund originations. Annualized net charge-offs increased to 8.57% of the managed portfolio, and total delinquencies plus repossessions represented 12.86% of the gross servicing portfolio. Management states it was in compliance with all financial covenants and continued to expand funding capacity through new and amended warehouse and residual interest financing facilities.
Consumer Portfolio Services, Inc. reported stronger results for the first quarter ended March 31, 2026. Net income was $5.5 million, up 18% from $4.7 million a year earlier, and diluted earnings per share rose 26% to $0.24 from $0.19.
Revenue for the quarter reached $112.3 million, a 5.1% increase from $106.9 million in the prior-year period, while total operating expenses were $104.3 million versus $100.1 million. Pretax income grew to $8.0 million from $6.8 million, also an 18% increase.
The company’s auto finance business expanded meaningfully. New contract purchases were $533.2 million, up 18% year over year and 47% above the fourth quarter of 2025. The total portfolio balance climbed to a record $3.942 billion, compared with $3.615 billion a year earlier. Credit performance was mixed: delinquencies over 30 days plus repossessions improved to 11.58% from 12.35%, but annualized net charge-offs rose to 8.57% of the average portfolio from 7.54%.
CONSUMER PORTFOLIO SERVICES, INC. senior vice president Steven Schween exercised stock options to acquire 30,000 shares of common stock at an exercise price of $2.47 per share. Following the transaction, he directly holds 157,099 shares of common stock.
The exercised options covered 30,000 shares that vested in four equal installments of 7,500 shares on June 1 of 2021, 2022, 2023, and 2024, as compensation for his services to the company. The filing shows an exercise-and-hold pattern with no reported share sales in this transaction.
Consumer Portfolio Services, Inc. completed a $514.07 million asset-backed securitization backed by $526.17 million of subprime automotive receivables through CPS Auto Receivables Trust 2026-B. Qualified institutional buyers purchased five classes of notes, with the senior class rated triple “A” by at least two agencies.
The notes are obligations of the Trust but are treated as long-term secured debt of CPS for accounting and tax purposes. Initial credit enhancement includes 1.00% cash reserve and 2.30% overcollateralization, with required increases over time through accelerated principal payments. CPS will continue to service the receivables, and this 2026-B deal is the largest securitization in the company’s history.
Consumer Portfolio Services, Inc. is offering renewable unsecured subordinated notes with current annual interest rates effective April 13, 2026. The supplement lists tiered rates by note term and portfolio amount: 3‑month rates range from 4.50% to 5.90%, 1‑year rates from 5.50% to 6.90%, and 4‑year rates from 7.00% to 8.40%. The notes are being offered in multiple U.S. states and the supplement supplements the base prospectus and prospectus supplement of the registration statement.
Consumer Portfolio Services, Inc. is offering up to $50,000,000 aggregate principal amount of renewable unsecured subordinated notes to new and existing purchasers with maturities ranging from three months to ten years. The notes are unsecured and subordinated to substantially all existing and future indebtedness; as of December 31, 2025, the company reported approximately $3,454.4 million of debt senior to these notes and $3,519.7 million of outstanding obligations including accounts payable and accrued expenses. Notes will be issued at 100% of principal, will generally automatically renew at maturity for the same term unless the holder requests repayment, and may be redeemed by the issuer after 30 days’ notice. The offering proceeds are intended to fund the purchase of automobile contracts and for general corporate purposes.
CONSUMER PORTFOLIO SERVICES, INC. executive reports small share gift via trust. Exec. Vice President Teri Robinson, through the Teri Lee Robinson Living Trust, gifted 660 shares of common stock as a bona fide gift with no payment received. After the transfer, the trust’s indirect holdings total 496,465 shares.
CONSUMER PORTFOLIO SERVICES, INC. senior vice president Steven Schween exercised stock options to acquire 30,000 shares of common stock at an exercise price of $3.53 per share. These options had vested in four equal installments of 7,500 shares from August 8, 2020 through August 8, 2023, and were originally issued as consideration for his services. After this exercise, he holds 127,099 common shares directly, and the filing shows no remaining derivative position, indicating a full exercise-and-hold rather than an immediate sale.
Consumer Portfolio Services, Inc. amended its warehouse credit facility with Capital One, N.A. and a Class B lender, significantly increasing available funding capacity. The revolving credit agreement’s maximum capacity rose from $167.5 million to $390 million, secured by automobile receivables CPS holds or will acquire from dealers.
Under the amended terms, CPS may borrow on a revolving basis through October 17, 2027, with up to 95.5% of the principal balance of eligible receivables available to be advanced. After the revolving period ends, CPS can either repay the balance in full or allow the loans to amortize over an eighteen-month period.
Consumer Portfolio Services, Inc. updated its executive pay disclosure by adding finalized non-equity incentive plan compensation for fiscal 2025. The revised Summary Compensation Table now shows total 2025 pay of $5,439,647 for CEO Charles E. Bradley Jr., $1,386,590 for President & COO Michael T. Lavin, and $1,254,849 for CFO Denesh (Danny) Bharwani.
The CEO’s bonus opportunity was tied to specific performance goals, including meeting quarterly budgets, completing securitizations, growing receivables originations, cutting core operating expenses, arranging residual and forward flow financings, and stock price targets, with a maximum payout equal to 720% of base salary. Maximum bonus opportunities were 160% of base salary for the president and 140% for the CFO.