Goeasy Reports $336.9M Q4 2025 Net Loss

Goeasy Ltd., a Mississauga, Ontario-based lender specializing in loans to consumers with nonprime credit scores, reported a net loss of $336.9 million for the fourth quarter of 2025, a stark reversal from a $54.2 million profit in the same period a year earlier. The results, disclosed on April 1, 2026, were driven by significant charges tied to its LendCare business segment and broader economic pressures affecting borrowers.

The loss equated to $20.49 per diluted share, compared with earnings of $3.12 per share in the prior year. On an adjusted basis, excluding one-time items, Goeasy recorded a loss of $8.93 per share, down from an adjusted profit of $3.32. Revenue remained nearly flat at $406.3 million, while loan originations rose 17 percent to $951.5 million, pushing the consumer loan portfolio to $5.51 billion from $4.60 billion at the end of 2024.

The downturn stemmed primarily from a $177.9 million charge-off on loans in the LendCare segment, which provides financing indirectly through merchants for purchases like automotive and power sports equipment. The company also booked a $159.6 million goodwill impairment charge related to that unit. These issues prompted Goeasy to...