Form 8-K

8-K — CONSUMER PORTFOLIO SERVICES, INC.

Accession: 0001683168-26-005950

Filed: 2026-08-04

Period: 2026-08-04

CIK: 0000889609

SIC: 6199 (FINANCE SERVICES)

Item: Results of Operations and Financial Condition

Item: Financial Statements and Exhibits

Documents

8-K — cps_8k.htm (Primary)

EX-99.1 — NEWS RELEASE RE EARNINGS. (cps_ex9901.htm)

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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)

August 4, 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 2.02. Results of Operations and Financial Condition.

On August 4, 2026, the registrant announced its earnings for the three-month

and six month periods ended June 30, 2026. A copy of the announcement is attached as an exhibit to this report. As noted in the announcement,

the registrant will hold a conference call on August 5, 2026 at 1:00 p.m. ET to discuss its second quarter 2026 operating

results. Those wishing to participate can pre-register for the conference call at the following link https://register-conf.media-server.com/register/BI6cf5cc4ebbd04b06973dad16be4d5d43.

Registered participants will receive an email containing conference call details for dial-in options.

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 included with this report:

99.1

News release re earnings.

104

Cover Page Interactive Data File (embedded within the Inline XBRL document).

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: August 4, 2026

By: /s/ Denesh

Bharwani

Denesh Bharwani

Executive Vice President and Chief Financial Officer

Signing on behalf of the registrant

EX-99.1 — NEWS RELEASE RE EARNINGS.

EX-99.1

Filename: cps_ex9901.htm · Sequence: 2

Exhibit 99.1

NEWS

RELEASE

CPS ANNOUNCES

SECOND QUARTER 2026 EARNINGS

§ Revenues

of $121.4 million compared to $109.8 million in the prior year period

§ Net

income for the second quarter of 2026 increased 30% to $6.2 million

§ Total

portfolio balance eclipsed $4 billion, finishing the second quarter at $4.31 billion

§ New

contract purchases of $758 million in the second quarter, a 75% increase from the prior year

second quarter

LAS VEGAS, NV,

August 4, 2026 (GlobeNewswire) -- Consumer Portfolio Services, Inc. (Nasdaq: CPSS) (“CPS” or the “Company”)

today announced earnings of $6.2 million, or $0.27 per diluted share for its second quarter ended June 30, 2026. This represents a 30%

increase in net income compared to $4.8 million in the second quarter of 2025. Earnings per diluted share increased by 35% compared to

$0.20 in the second quarter of 2025.

Revenues for the

second quarter of 2026 were $121.4 million, an increase of $11.6 million, or 10.6%, compared to $109.8 million for the second quarter

of 2025. Total operating expenses for the second quarter of 2026 were $112.4 million compared to $102.8 million for the 2025 period.

Pretax income for the second quarter of 2026 was $9.0 million compared to pretax income of $7.0 million, an increase of $2.0 million

or 30% from the second quarter of 2025.

For the six months

ended June 30, 2026, total revenues were $233.7 million, an increase of approximately $17.1 million, or 8% compared to $216.6 million

for the six months ended June 30, 2025. Total operating expenses for the six months ended June 30, 2026, were $216.7 million, compared

to $202.9 million for the six months ended June 30, 2025. Pretax income for the six months ended June 30, 2026, increased 24% to $17.1

million, compared to $13.8 million for the six months ended June 30, 2025. Net income and earnings per diluted share for the six months

ended June 30, 2026, increased to $11.8 million and $0.50, respectively from the prior year period. This represents a 24% increase in

net income and a 28% increase in earnings per diluted share over the six months ended June 30, 2025.

During the second

quarter of 2026, CPS purchased $757.7 million of new contracts. This stands as a 75% increase over the $433.0 million purchased during

the second quarter of 2025. The Company's receivables totaled $4.307 billion as of June 30, 2026, an increase from $3.708 billion as

of June 30, 2025.

Delinquencies greater

than 30 days (including repossession inventory) decreased to 12.16% of the total portfolio as of June 30, 2026, compared to 13.14% as

of June 30, 2025. Annualized net charge-offs for the second quarter of 2026 were 7.28% of the average portfolio as compared to 7.45%

for the second quarter of 2025.

“We achieved our highest volume

of loan originations ever in the second quarter,” said Charles E. Bradley, Chief Executive Officer. “The increase in volume

delivers strong revenue and earnings growth without compromising our credit underwriting standards.”

Conference

Call

CPS announced that

it will hold a conference call on August 5, 2026 at 1:00 p.m. ET to discuss its second quarter 2026 operating results.

Those wishing to participate can pre-register

for the conference call at the following link https://register-conf.media-server.com/register/BI6cf5cc4ebbd04b06973dad16be4d5d43. Registered

participants will receive an email containing conference call details for dial-in options. To avoid delays, we encourage participants

to dial into the conference call fifteen minutes ahead of the schedule start time. A replay will be available beginning two hours after

conclusion of the call for 12 months via the Company’s website at https://ir.consumerportfolio.com/investor-relations.

About Consumer

Portfolio Services, Inc.

Consumer Portfolio

Services, Inc. is an independent specialty finance company that provides indirect

automobile financing to individuals with past credit problems or limited credit histories. We purchase retail installment sales contracts

primarily from franchised automobile dealerships secured by late model used vehicles and, to a lesser extent, new vehicles. We fund these

contract purchases on a long-term basis primarily through the securitization markets and service the contracts over their lives.

Forward-looking

statements in this news release include 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 estimates 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; and economic conditions in geographic areas in which the Company's business is concentrated. 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.

Investor Relations Contact

Danny Bharwani, Chief Financial Officer

949-753-6811

Consumer

Portfolio Services, Inc. and Subsidiaries

Condensed

Consolidated Statements of Operations

(In

thousands, except per share data)

(Unaudited)

Three months ended

Six months ended

June 30,

2026

2025

2026

2025

Revenues:

Interest income

$ 118,112

$ 105,362

$ 226,833

$ 207,295

Mark to finance receivables measured at fair value

–

3,000

–

6,500

Other income

3,277

1,402

6,890

2,843

121,389

109,764

233,723

216,638

Expenses:

Employee costs

23,418

24,362

46,464

49,395

General and administrative

14,673

12,402

27,581

24,966

Interest

64,253

58,704

124,314

113,622

Other expenses

10,010

7,344

18,301

14,901

112,354

102,812

216,660

202,884

Income before income taxes

9,035

6,952

17,063

13,754

Income tax expense

2,801

2,155

5,290

4,263

Net income

$ 6,234

$ 4,797

$ 11,773

$ 9,491

Earnings per share:

Basic

$ 0.29

$ 0.22

$ 0.54

$ 0.44

Diluted

$ 0.27

$ 0.20

$ 0.50

$ 0.39

Number of shares used in computing earnings per share:

Basic

21,633

21,893

21,704

21,670

Diluted

23,485

24,180

23,509

24,254

Condensed

Consolidated Balance Sheets

(In

thousands)

(Unaudited)

June 30,

December 31,

2026

2025

Assets:

Cash and cash equivalents

$ 7,501

$ 6,322

Restricted cash and equivalents

172,703

165,885

Finance receivables measured at fair value

4,212,167

3,655,855

Other assets

29,850

30,131

$ 4,422,221

$ 3,858,193

Liabilities and Shareholders' Equity:

Accounts payable and accrued expenses

$ 94,698

$ 65,244

Warehouse lines of credit

679,900

324,871

Residual interest financing

168,809

142,982

Securitization trust debt

3,131,105

2,986,574

Subordinated renewable notes

28,461

28,986

4,102,973

3,548,657

Shareholders' equity

319,248

309,536

$ 4,422,221

$ 3,858,193

At and for the

Three months ended

Six months ended

June 30,

2026

2025

2026

2025

Contracts purchased

$ 757.67

$ 433.02

$ 1,290.89

$ 884.24

Contracts securitized

$ 526.17

$ 439.29

878.83

901.83

Total portfolio balance (1)

$ 4,306.66

$ 3,708.38

$ 4,306.66

$ 3,708.38

Average portfolio balance (1)

$ 4,185.95

$ 3,682.96

4,019.85

3,627.80

Delinquencies (1)

31+ Days

9.97%

10.50%

Repossession Inventory

2.19%

2.64%

Total Delinquencies and Repo. Inventory

12.16%

13.14%

Annualized Net Charge-offs as % of Average Portfolio (1)

7.28%

7.45%

7.90%

7.49%

Recovery rates (1), (2)

33.3%

30.4%

32.1%

29.0%

For the

Three months ended

Six months ended

June 30,

2026

2025

2026

2025

$ (3)

%(4)

$ (3)

%(4)

$ (3)

%(4)

$ (3)

%(4)

Interest income

$ 118.11

11.3%

$ 105.36

11.4%

$ 226.83

11.3%

$ 207.30

11.4%

Interest expense

(64.25 )

-6.1%

(58.70 )

-6.4%

(124.31 )

-6.2%

(113.62 )

-6.3%

Net interest margin

53.86

5.1%

46.66

5.1%

102.52

5.1%

93.67

5.2%

Mark to finance receivables measured at fair value

–

0.0%

3.00

0.3%

–

0.0%

6.50

0.4%

Other income

3.28

0.3%

1.40

0.2%

6.89

0.3%

2.84

0.2%

Operating expenses (5)

(48.10 )

-4.6%

(44.11 )

-4.8%

(92.35 )

-4.6%

(89.26 )

-4.9%

Pre-tax income

$ 9.04

0.9%

$ 6.95

0.8%

$ 17.06

0.8%

$ 13.75

0.8%

(1) Excludes

third party portfolios.

(2) Wholesale

auction liquidation amounts (net of expenses) as a percentage of the account balance at the time of sale.

(3) Numbers

may not add due to rounding.

(4) Annualized

percentage of the average portfolio balance. Percentages may not add due to rounding.

(5) Total

pre-tax expenses less interest expense.

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