嘉银通 2025年季度报告

☑QUARTERLY REPORT PURSUANT TO SECTION13OR15(d) OF THE SECURITIES EXCHANGE ACT OF1934For the quarterly period endedMarch 31, 2025OR ☐TRANSITION REPORT PURSUANT TO SECTION13OR15(d) OF THE SECURITIES EXCHANGE ACT OF1934 For the transition period fromtoCommission File Number:001-31648 (Exact name of registrant as specified in its charter) Securities registered pursuant to Section12(b) of the Act: Indicate by check mark whether the registrant (1)has filed all reports required to be filed by Section13or15(d) of the Securities Exchange Act of1934during the preceding12months (or for such shorter period that the registrant was required to file such reports), and (2)has been subject to suchfiling requirements for the past90days.Yes☑No☐ Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule405of RegulationS-T (§232.405of this chapter) during the preceding12months (or for such shorter period that the registrant was required to submitsuch files).Yes☑No☐ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, oran emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growthcompany” in Rule12b-2of the Exchange Act. If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with anynew or revised financial accounting standards provided pursuant to Section13(a) of the Exchange Act.oIndicate by check mark whether the registrant is a shell company (as defined in Rule12b-2of the Exchange Act). Yes☐No☑ On May 2, 2025,Euronet Worldwide, Inc. had43,244,856sharesof common stock outstanding. Table of Contents PagePART I—FINANCIAL INFORMATIONItem 1.Financial Statements (unaudited)1Consolidated Balance Sheets as ofMarch 31, 2025andDecember 31, 20241Consolidated Statements of Operations for theThree Months EndedMarch 31, 2025and20242Consolidated Statements of Comprehensive Income (loss) for theThree Months EndedMarch 31, 2025and20243Consolidated Statements of Changes in Equity for theThree Months EndedMarch 31, 2025and20244Consolidated Statements of Cash Flows for theThree Months EndedMarch 31, 2025and20245Notes to the Unaudited Consolidated Financial Statements6Item 2.Management's Discussion and Analysis of Financial Condition and Results ofOperations22Item 3.Quantitative and Qualitative Disclosures About Market Risk39Item 4.Controls and Procedures40PART II—OTHER INFORMATIONItem 1.Legal Proceedings41Item 1A.Risk Factors41Item 2.Unregistered Sales of Equity Securities and Use of Proceeds41Item 5Other Information42Item 6.Exhibits42Signatures57 ITEM1. FINANCIAL STATEMENTS (UNAUDITED)EURONET WORLDWIDE, INC. AND SUBSIDIARIESCONSOLIDATED BALANCE SHEETS(In millions, except share and per share data) EURONET WORLDWIDE, INC. AND SUBSIDIARIESCONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS)(Unaudited, in millions) See accompanying notes to the unaudited consolidated financial statements. EURONET WORLDWIDE, INC. ANDSUBSIDIARIESCONSOLIDATED STATEMENTS OF CASH FLOWS(Unaudited, in millions) EURONET WORLDWIDE, INC. AND SUBSIDIARIESNOTES TO THE UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS (1)GENERAL Organization Euronet Worldwide, Inc. (the "Company" or "Euronet") was established as a Delaware corporation on December 13, 1996 andsucceeded Euronet Holding N.V. as the group holding company, which was founded and established in1994. Euronet is a leadingelectronic payments provider. Euronet offers payment and transaction processing and distribution solutions to financial institutions,retailers, service providers and individual consumers. Euronet's primary product offerings include comprehensive ATM, point-of-sale("POS"), card outsourcing, card issuing and merchant acquiring services, electronic distribution of prepaid mobile airtime and otherelectronic payment products, and international payment services. Basis of Presentation The accompanying unaudited consolidated financial statements have been prepared from the records of the Company, in conformitywith accounting principles generally accepted in the U.S. (“U.S. GAAP”) and pursuant to the rules and regulations of the Securitiesand Exchange Commission (“SEC”). In the opinion of management, such unaudited consolidated financial statements contain alladjustments (consisting only of normal recurring adjustments) necessary to fairly present the consolidated financial position and theresults of operations, comprehensive income, changes in equity and cash flows for the interim periods. The unaudited consolidatedfinancial statements should be read in conjunction with the Company's audited consolidated financial statements for the yearendedDecember 31, 2024, including the notes thereto, set forth in the Company's 2024 Annual Report on Form 1