RM — what changed in the latest 10-Q
A section-by-section comparison of RM's newest periodic SEC filing (10-K/10-Q) against the prior same-form filing: paragraphs added and removed per section, with verbatim excerpts. Purely a deterministic text diff — no similarity scores, no directional read, not investment advice.
Comparing 10-Q · 2026-10-30 vs the prior 10-Q · 2026-07-31
| Section | Outcome | Added | Removed | Minor | Unchanged |
|---|---|---|---|---|---|
| MD&A | Text added/removed | +20 | −16 | ~56 | 41 |
| Market risk (Item 3) | Text added/removed | 0 | 0 | ~3 | 1 |
| Controls & procedures | Text added/removed | 0 | 0 | ~2 | 1 |
| Legal proceedings | No paragraph-level changes | 0 | 0 | 0 | 1 |
| Risk factors | Some risk factors updated | 0 | 0 | 0 | 1 |
| Other information | Text added/removed | +2 | −1 | 0 | 0 |
Counts are paragraphs; added/removed means text added or removed vs the prior filing — no direction or judgement implied.
Representative excerpts
Up to 5 excerpts of about 300 characters per section, quoted verbatim from the two SEC filings.
MD&A
Text added vs the prior filing · source: 10-Q · 2026-10-30
portfolio risk, while providing our customers with attractive and easy-to-understand loan products that serve their varied financial needs.
Small Loans (≤$2,500) – As of September 30, 2026, we had 259.2 thousand small installment loans outstanding, representing $467.9 million in net finance receivables. This included 131.2 thousand small loan convenience checks, representing $198.1 million in net finance receivables.
on our variable-rate debt, a majority of our funding was held at a fixed rate as of September 30, 2026, representing 74% of our total debt balance.
Total originations increased to $530.3 million during the three months ended September 30, 2026, from $522.3 million during the prior-year period. Large loan originations increased $42.9 million, or 11.8%, driven by growth in our auto-secured loan portfolio, new branches opened during 2025 and 2026,…
Earned premiums decreased by $0.8 million, and claims, reserves, and certain direct expenses decreased by $0.2 million, in each case compared to the prior-year period. The decrease in earned premiums was primarily attributable to growth in bank partnership loans, for which certain insurance products…
Text removed vs the prior filing · source: 10-Q · 2026-07-31
Large Loans (>$2,500) – As of June 30, 2026, we had 293.1 thousand large installment loans outstanding, representing $1.7 billion in net finance receivables. This included 85.4 thousand large loan convenience checks, representing $286.5 million in net finance receivables.
Total originations decreased to $503.6 million during the three months ended June 30, 2026, from $510.3 million during the prior-year period. Small loan originations decreased $41.5 million, or 23.9%, driven by tightened underwriting in higher-risk business amid a more competitive environment for ne…
Earned premiums increased by $0.2 million, and claims, reserves, and certain direct expenses increased by $0.7 million, in each case compared to the prior-year period. The increase in insurance premiums was primarily due to increases in personal property insurance premiums and life insurance premium…
Delinquency Performance. Our delinquency rate increased to 7.0% as of June 30, 2026 from 6.6% as of the prior-year period, primarily driven by slower portfolio growth during the first six months of 2026 compared to the same period in 2025, which contributed approximately 20 basis points to the incre…
Operating Expense Ratio. Our operating expense ratio decreased to 12.4% during the three months ended June 30, 2026, from 13.2% during the prior-year period. Our operating expense ratio has improved as we have grown our loan portfolio and controlled expense growth.
Other information
Text added vs the prior filing · source: 10-Q · 2026-10-30
On August 3, 2026, Sandra Johnson, Ph.D., a member of the Board, adopted a Rule 10b5-1 trading arrangement. The Rule 10b5-1 trading arrangement, which terminates pursuant to its terms on February 2, 2027, provides for the potential sale of up to 8,100 shares of the Company’s common stock.
Except as set forth above, during the three months ended September 30, 2026, none of the Company’s officers or directors adopted or terminated a “Rule 10b5-1 trading arrangement” or a “non-Rule 10b5-1 trading arrangement,” as such terms are defined in Item 408(a) of Regulation S-K.
Text removed vs the prior filing · source: 10-Q · 2026-07-31
During the three months ended June 30, 2026, none of the Company’s officers or directors adopted or terminated a “Rule 10b5-1 trading arrangement” or a “non-Rule 10b5-1 trading arrangement,” as such terms are defined in Item 408(a) of Regulation S-K.
How to read Risk Factors (Item 1A) in a 10-Q
A 10-Q risk-factor section usually takes one of three forms; this page classifies it as one of:
- Pointer — the filer states there have been no material changes and points back to the annual 10-K risk factors; there is no own risk text to compare this quarter.
- Partial update — the filer carves out specific updated risks ("except as set forth below"); the excerpts show exactly what is new this quarter.
- Restated in full — the quarter carries the complete risk-factor text. When the prior quarter was only a pointer there is no prior full text to diff against, so the page flags the section as restated instead.
This describes the filing structure only — it is never a judgement on whether risk went up or down.
Source: text-level diff of the two SEC EDGAR filings · deterministic (no AI-generated content) · for reference only · not investment advice