goeasy Q2 2026 profit drops as company cites elevated charge-offs, lower loan-book yield

PUBT · 1d ago
goeasy Q2 2026 profit drops as company cites elevated charge-offs, lower loan-book yield
  • For Q2 2026, revenue fell 9.6% to CAD 390 million, reflecting a smaller average loan book and a lower total yield of 28.3%.
  • Gross consumer loans receivable ended at CAD 5 billion, down 2.1%, driven by tighter merchant underwriting and moderated direct-to-consumer originations to manage liquidity.
  • Credit losses weighed on results; net charge-offs rose to 16.7% of average gross loans, led by merchant-originated automotive and powersports portfolios.
  • Operating income slid 40.6% to CAD 99.61 million; net income dropped to CAD 15.87 million, or CAD 0.96 per diluted share.
  • Finance costs jumped 82.2% to CAD 78.43 million, reflecting a smaller fair-value gain on notes payable prepayment options and higher borrowing levels.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. goeasy Ltd. published the original content used to generate this news brief on August 06, 2026, and is solely responsible for the information contained therein.