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goeasy drops 60% on a kitchen sink Q4 pre-release

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goeasy drops 60% on a kitchen sink Q4 pre-release

goeasy dropped nearly 60% after guiding to a mid-teens charge-off rate in 2026 and ~13% for this year, which translates to $331M in Q4 write-offs. Combined with an $86M build in loan loss reserves, GSY is looking at north of $400M in PCLs - wiping out essentially all profits generated this year. Add in a breach of certain credit facility covenants, pulled guidance, paused buyback, and suspended dividend for good measure.

Eli Rodney
Eli Rodney

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Mar 11, 2026

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3 min read

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