HIGHBuilt-inProduct / Revenue mix
small consumer installment loans
“10-K Item 1A: 'Our primary business activity is offering small consumer installment loans together with, in some states in which we operate, related ancillary products.'”
WRLD · Concentration risk · 10-K extracted
World Acceptance (WRLD) concentration risks
Updated
The most significant concentration World Acceptance discloses is small consumer installment loans, classified HIGH by disclosed size. Below: the full set from the latest 10-K — verbatim quotes, filing references, and a synthesis of what these exposures mean together.
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results.
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Source: World Acceptance’s SEC Form 10-K filed — view the filing on SEC EDGAR ↗
At a glance
Disclosed-size breakdown · 2 disclosed concentrations
HIGH1
MEDIUM1
LOW0
Disclosed concentrations
Each card carries a disclosed-size chip (HIGH / MEDIUM / LOW — how large the exposure is as a share of revenue, not how dangerous it is) and a nature tag: Built-in(the company’s own model, geography, or products) or Outside party (an external customer, supplier, or distributor it relies on).
MEDIUMBuilt-inGeographic
concentration of revenue in certain states
“10-K Item 1A: 'A significant concentration of revenue in certain states increases exposure to regional economic, regulatory, or legislative changes that could adversely affect the Company.'”
TrendMatrix Research · concentration synthesis
What these concentrations mean together
updated 2026-07-06World Acceptance's concentration risk is structural rather than tied to any single customer or supplier. Its primary business activity is offering small consumer installment loans, together with related ancillary products in some states — a high-share, core-business concentration in a single lending product type rather than a diversified financial-services mix. Layered on top is a geographic exposure: the company discloses a significant concentration of revenue in certain states, which increases its exposure to regional economic, regulatory, or legislative changes that could adversely affect the company. This geographic concentration is disclosed at a more moderate scale than the product concentration. Together, the two exposures compound: because the business itself is built around one loan product, and that product's revenue is further concentrated in specific states, an adverse regulatory or legislative change in one of those states would fall directly on the core business rather than being absorbed by a more diversified lending or geographic base. Both exposures are structural features of how World Acceptance operates rather than idiosyncratic dependencies on a particular counterparty, meaning they are unlikely to resolve on their own and should be read as persistent characteristics of the business model.
For the engine’s reasoning on WRLD’s current verdict — including which dimensions drove the score — see the per-dimension breakdown.
Industry peers · Credit Services
Peer concentration profile
| Symbol | Name | HIGH | MEDIUM | LOW | Total |
|---|---|---|---|---|---|
| AGM | Federal Agricultural Mortgage C | 3 | 0 | 0 | 3 |
| AFRM | Affirm Holdings, Inc. | 2 | 1 | 0 | 3 |
| ATLC | Atlanticus Holdings Corporation | 1 | 1 | 0 | 2 |
| WRLD● | World Acceptance Corporation | 1 | 1 | 0 | 2 |
| AXP | American Express Company | 0 | 3 | 1 | 4 |
| ALLY | Ally Financial Inc. | 0 | 1 | 0 | 1 |
Concentration counts reflect items disclosed in each peer’s most recent 10-K; disclosed-size classification uses TrendMatrix’s internal 10-K extraction taxonomy.