Forensic Analysis · General / Diversified · as of Jun 28, 2026
International Money Express, Inc. (IMXI)
A forensic read on International Money Express, Inc. built from its complete SEC filings — financial-health screens, earnings quality, red flags and a price-aware rating. Reproducible math, not opinion.
B · Sound & dependable
Forensic grade
Safe
Financial health
5.7
Altman Z-score
Clean
Earnings quality
4
Forensic signals
16.9
P / E (ttm)
16.5%
ROE
$429M
Market cap
International Money Express, Inc. earns a B (Sound & dependable) forensic quality grade, and its Altman Z-score is 5.7, placing it in the Safe zone. 4 forensic signals were flagged in its latest SEC filings, led by stock-based comp load.
What the filings flag
2% of revStock-based comp load.Stock-based compensation ran 2% of revenue and 59% of free cash flow in FY2025 — about $0.31 per diluted share. Heavy — a large slice of 'free cash flow' is really being paid out in stock, so the true owner cash per share is well below the headline.
+15.0%Accruals ratio.Net operating assets grew +15.0% relative to their average in FY2025 — the accrual component of earnings. Accruals are building faster than is comfortable — part of profit sits in receivables, inventory or capitalized costs rather than cash. The cash-flow cross-check agrees: reported earnings ran in line with operating cash by -2% of net operating assets.
103% of FCFShareholder returns.Returned $16M to shareholders (buybacks + dividends) in FY2025 — 103% of free cash flow. Right at the limit of what free cash flow covers — little room before it's funded by debt or the balance sheet.
$1MGoodwill impairments.Took $1M of goodwill writedowns across 1 year(s) (FY2025 ($1M)) — about 4% of net income over the span. Writedowns mean past acquisitions underperformed what was paid for them — worth weighing on capital-allocation skill.
Key fundamentals
Net Margin5.4%
Debt / Equity1.21x
Free Cash Flow$15.8M
Latest Revenue$607.8M
Return on Equity20.3%
Revenue Growth YoY-7.7%
Go deeper — free with an account
The forensic grade and screens above are free — no account needed. An account adds the full interactive deep-dive on International Money Express, Inc.:
🔒The written investment read — what the numbers mean, in plain English
🔒Ask anything about IMXI's filings — AI Q&A across the 10-K, 10-Qs & 8-Ks
🔒Interactive valuation — reverse-DCF sliders, Monte Carlo & scenario stress
🔒Calibrated 12-month price forecast, with the math shown