Profile
Provides loans and financial services to Canadians with non-prime credit scores.
goeasy Ltd. is a Canadian consumer lender specializing in financial services for individuals with non-prime credit scores. Founded in 1990, the company operates under two main brands: easyfinancial, offering unsecured installment loans, and LendCare, providing point-of-sale financing for retail purchases. As of Q1 2026, goeasy reported a loan portfolio of $5.36 billion, up 12% year-over-year, though it faced significant challenges with a net charge-off rate of 17.8% and a diluted loss per share of $3.22.
The company's revenue for Q1 2026 was $413 million, a 2% increase from the previous year. goeasy has been navigating a turbulent period marked by a $159.6 million goodwill impairment charge related to its LendCare business and a restatement of prior financials due to accounting errors. Despite these setbacks, the company continues to focus on its direct-to-consumer lending business, with $551 million in gross loan originations in Q1 2026. The recent financial performance reflects broader economic pressures on consumer credit, particularly in the non-prime segment.
Who buys this
- Individuals with non-prime credit scores seeking personal loans
- Retail customers needing point-of-sale financing
- Consumers excluded from traditional banking services
Strengths and what to watch
Strengths
- Large loan portfolio of $5.36 billion, showing continued demand for non-prime lending
- Diversified revenue streams through both direct lending and point-of-sale financing
- Strong originations growth with $551 million in Q1 2026, up 17% year-over-year
Watch for
- High net charge-off rate of 17.8% in Q1 2026, indicating credit quality concerns
- $159.6 million goodwill impairment charge for LendCare business in Q4 2025
- Restatement of prior financial statements due to accounting errors
Recent moves
Key Information
- Founded
- 1990
Frequently Asked Questions
What is Jeasy?
Jeasy, operated by goeasy Ltd., provides loans and financial services to Canadians with non-prime credit scores. Founded in 1990, it offers unsecured installment loans and point-of-sale financing through its brands easyfinancial and LendCare, catering to individuals excluded from traditional banking services.
What types of loans does Jeasy offer?
Jeasy offers unsecured installment loans through easyfinancial and point-of-sale financing via LendCare. These services cater to Canadians with non-prime credit scores, providing personal loans and retail purchase financing, making it accessible for those excluded from traditional banking options.
Who are Jeasy's main customers?
Jeasy primarily serves Canadians with non-prime credit scores, including individuals seeking personal loans and retail customers needing point-of-sale financing. The company focuses on consumers who are often excluded from traditional banking services due to their credit history.
What are Jeasy's financial challenges in 2026?
In 2026, Jeasy faces a high net charge-off rate of 17.8%, indicating credit quality concerns. Additionally, the company reported a $159.6 million goodwill impairment charge for its LendCare business and restated prior financials due to accounting errors, reflecting broader economic pressures.
How has Jeasy performed financially in 2026?
Jeasy reported a loan portfolio of $5.36 billion in Q1 2026, up 12% year-over-year. Despite a 17.8% net charge-off rate, the company saw $551 million in gross loan originations, a 17% increase, and $413 million in revenue, a 2% rise from the previous year.
What recent developments has Jeasy announced?
Jeasy recently reported Q4 2025 results, highlighting a $159.6 million goodwill impairment charge for LendCare and restated financials due to accounting errors. The company continues to focus on direct-to-consumer lending, with $551 million in gross loan originations in Q1 2026.
Sources
- www.goeasy.com — Q1 2026 financial highlights and loan portfolio details
- goeasy.investorroom.com — Q4 2025 results and significant developments
- goeasy.investorroom.com — Historical quarterly results and financial statements
- assets.ctfassets.net — ESG initiatives and corporate documents