wrld-20260621

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549

_________________________________

Form 11-K

__________________________________

(Mark One)

[X] ANNUAL REPORT PURSUANT TO SECTION 15(d) OF THE

SECURITIES EXCHANGE ACT OF 1934

For the fiscal year ended: December 31, 2025

[ ] TRANSITION REPORT PURSUANT TO SECTION 15(d) OF

THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from _____________ to _____________

Commission file number: 000-19599


WORLD ACCEPTANCE CORPORATION RETIREMENT SAVINGS PLAN
(Full title of the plan and address of the plan, if different from that of the issuer named below)


WORLD ACCEPTANCE CORPORATION
104 S. Main Street, Greenville, South Carolina 29601
(Name of issuer of the securities held pursuant to the plan and the address of its principal executive office)

WORLD ACCEPTANCE CORPORATION

Form 11-K

Table of Contents


			Page
GLOSSARY OF DEFINED TERMS			2

REQUIRED INFORMATION
Financial Statements:
Statements of Net Assets Available for Benefits as of December 31, 2024 and December 31, 2023			3
Statement of Changes in Net Assets Available for Benefits for the year ended December 31, 2024			4
Notes to Financial Statements			5
Supplemental Schedule:
Schedule H, Line 4i - Schedule of Assets (Held at End of Year) as of December 31, 2024			11

REPORTS OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRMS			13

EXHIBIT INDEX			14

SIGNATURES			15

GLOSSARY OF DEFINED TERMS

The following terms may be used throughout this Report.


Term			Definition
ASC			Accounting Standards Codification

CCT			Common or collective trust
CODA			Cash or Deferred Arrangement

Employer			World Acceptance Corporation
ERISA			Employee Retirement Income Security Act of 1974, as amended
Fidelity			Fidelity Management Trust Company
FASB			Financial Accounting Standards Board
GAAP			U.S. Generally Accepted Accounting Principles
NAV			Net Asset Value
Plan			World Acceptance Corporation Retirement Savings Plan
Plan Sponsor			World Acceptance Corporation
SEC			U.S. Securities and Exchange Commission


WORLD ACCEPTANCE CORPORATION
RETIREMENT SAVINGS PLAN
Statements of Net Assets Available for Benefits

	December 31,
	2025		2024
Assets:

Investments at fair value	$	77,732,772	$	70,039,411




Receivables:
Notes receivable from participants	3,176,838		3,060,690
Participants' contributions	147,088		145,479
Employer's contributions	50,162		51,482
Total receivables	3,374,088		3,257,651
Total assets	81,106,860		73,297,062

Liabilities:
Refund payable for excess contributions	69,710		141,646
Total liabilities	69,710		141,646
Net assets available for benefits	$	81,037,150	$	73,155,416

See accompanying notes to financial statements.


WORLD ACCEPTANCE CORPORATION
RETIREMENT SAVINGS PLAN
Statement of Changes in Net Assets Available for Benefits

	Year Ended December 31,
	2025
Additions to net assets attributable to:
Investment income:
Net appreciation in fair value of investments	$	9,730,534
Dividends and interest	1,654,463
Total investment income	11,384,997
Interest income on notes receivable from participants	238,458
Contributions:
Employer, net of forfeitures	1,519,668
Participant	4,273,468
Rollovers	405,407
Total contributions	6,198,543
Total additions	17,821,998

Deductions from net assets attributed to:
Benefits paid to participants	9,771,587
Administrative expenses	168,677
Total deductions	9,940,264
Net increase in net assets available for benefits	7,881,734

Net assets available for benefits at beginning of year	73,155,416
Net assets available for benefits at end of year	$	81,037,150

See accompanying notes to financial statements.


WORLD ACCEPTANCE CORPORATION
RETIREMENT SAVINGS PLAN
Notes to Financial Statements

(1)Description of Plan

The following description of the Plan provides only general information. Participants should refer to the plan agreement for a complete description of the Plan's provisions.

General

The Plan was formed in February 1993 and is a defined-contribution plan subject to the provisions of ERISA. Quarterly, employees of the Plan Sponsor who meet eligibility requirements may elect to become participants in the Plan. Eligibility requirements include a) being at least 21 years of age and b) having completed at least six months of service.

Fidelity is the Plan's trustee and custodian of all Plan assets.

The Retirement Plan Committee determines the appropriateness of the Plan's investment offerings, monitors investment performance, and reports to the Employer's board of directors.

Administrative Costs

Certain expenses of maintaining the Plan are paid directly by the Employer and are excluded from these financial statements. Administrative expenses include fees related to the administration of notes receivable charged directly to the participant's account and certain recordkeeping and consulting fees paid by the Plan. Investment-related expenses are included in net appreciation (depreciation) of fair value of investments.

Contributions

The Plan provides for participant contributions on a pre-tax compensation reduction basis. Participants who have attained age 50 before the end of the plan year are eligible to make catch-up contributions. Participants may also contribute amounts representing distributions from other qualified defined benefit or contribution plans (rollovers). The Plan also allows participants to make contributions on an after-tax basis (Roth-type). Participants may elect to contribute to the Plan by deferring up to 100% of annual compensation up to specified maximum amounts. The Employer matches a specified percentage of employee contributions, as determined by the Employer. For 2025, the Employer matched 50% of each employee's contributions up to the first 6% of the employee's eligible compensation, providing a maximum Employer contribution of 3% of eligible compensation. The Employer may also contribute a discretionary, non-elective Employer contribution as determined annually by the Employer. There were no discretionary, non-elective Employer contributions in Plan year 2025. Contributions are subject to certain Internal Revenue Service limitations.

Participant Accounts

Each participant’s account is credited with the participant’s contribution and the Employer’s matching contribution. Discretionary, non-elective Employer contributions are allocated to individual participant accounts based on the proportion of each participant’s annual compensation, as defined by the Plan, compared to the total annual compensation of all participants. Investment income (loss) and administrative expenses are allocated to the individual participant accounts based on the proportion of each participant’s account balance compared to the total balance within each fund. The benefit to which a participant is entitled is the benefit that can be provided from the participant’s vested account.

Vesting

Participants are immediately vested in their voluntary contributions plus earnings (losses) thereon. Vesting of Employer contributions is based on years of continuous service. A participant is 100% vested after six years of credited service, according to the following schedule:


Years of service						Percent of Employer Contributions
Less than 2						0%
2						20%
3						40%
4						60%
5						80%
6 or more						100%

Notwithstanding the aforementioned, upon reaching normal retirement age or upon death or disability, participants become 100% vested.

Investment Options

A participant may direct employee contributions in 1% increments in a variety of investment options. Participants may make changes in their investment elections at any time. Participants may change their deferral percentage as of each payroll period.

Notes Receivable from Participants

The Plan allows participants to borrow a minimum of $1,000 up to a maximum equal to the lesser of $50,000 or 50% of their vested account balance. Loan terms range from 1 to 5 years or up to 10 years for the purchase of a primary residence. The loans are secured by the vested balance in the participant’s account and bear interest at prime plus 1%. For participant loans outstanding as of December 31, 2025, interest rates ranged from 3.50% to 9.50% and mature through December 2030. Principal and interest are paid through payroll deductions although lump sum prepayments are allowed. The Plan does not allow for participant refinancing or re-consolidation of outstanding loan balances.

Payment of Benefits

Participants are entitled to receive a distribution of their vested accounts upon the occurrence of retirement, death, total and permanent disability, financial hardship (as defined by the Plan), at age 59 ½ while still employed, or termination of employment for any other reason. The methods of distribution include lump-sum distribution, substantially equal installments, or partial withdrawals, provided the minimum withdrawal is $1,000.

Forfeitures

Forfeitures are used to reduce Plan expenses or Employer contributions to the Plan. For the year ended December 31, 2025, forfeitures used to pay Plan expenses totaled $50,125 and forfeitures used to reduce Employer contributions totaled $108,000. There were $2,038 and $47,055 of unapplied forfeitures as of December 31, 2025 and 2024, respectively.

(2)Summary of Significant Accounting Policies

Basis of Presentation

The financial statements have been prepared on an accrual basis of accounting in accordance with GAAP.

Investments

Plan investments are reported at fair value. Fair value is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date.

The Retirement Plan Committee determines the Plan's valuation policies utilizing information provided by the trustee. See Note 6 for discussion of fair value measurement. Purchases and sales are recorded on a trade-date basis. Dividends are recorded on the ex-dividend date. Interest income is recorded on the accrual basis. Net appreciation or depreciation in fair value of investments includes the gains and losses on investments bought and sold as well as held during the year.

Notes Receivable from Participants

Notes receivable from participants are carried at their unpaid principal balance plus accrued but unpaid interest. Interest income is recorded on the accrual basis. Related fees are recorded as administrative expenses and are expensed when they are incurred. If a participant ceases to make the scheduled repayments and the Plan Administrator deems the participant to be in default, the participant’s note receivable is reduced and a benefit payment is recorded based on the terms of the Plan. No allowance for credit losses was recorded as of December 31, 2025 and 2024.

Contributions

Contributions from Plan participants and the matching contributions from the Employer are recorded in the year in which the participant compensation is earned. All participant and Employer contributions are participant-directed.

Refund Payable for Excess Contributions

Amounts payable to participants in excess of amounts allowed by the Internal Revenue Service are recorded as a liability with a corresponding reduction to contributions. Refunds payable to participants at December 31, 2025 and 2024 were $69,710 and $141,646, respectively. These refunds were due to excess contributions, which were refunded to participants in 2026 for the year ended December 31, 2025, and in 2025 for the year ended December 31, 2024.

Payment of Benefits

Benefits are recorded when paid.

Use of Estimates

The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amount of assets, liabilities, and changes therein and the disclosure of contingent assets and liabilities. Actual results could differ from those estimates.

Investment Risk

The Plan provides for various registered investment company (mutual fund) investment options in stocks, bonds and fixed income securities, as well as direct common stock investments and a common collective trust fund. Investment securities are exposed to various risks such as interest rate, market, and credit risks. Due to the level of risk associated with certain investment securities, it is at least reasonably possible that changes in the values of

investment securities will occur in the near term and that such changes could materially affect participants’ account balances and the amounts reported in the Statements of Net Assets Available for Benefits.

(3)Plan Termination

Although it has not expressed any intent to do so, the Employer has the right under the Plan to discontinue its contributions at any time and to terminate the Plan subject to the provisions of ERISA. In the event of plan termination, participants will become 100% vested in Employer contributions.

(4)Tax Status

Effective September 1, 2021, the Plan adopted a non-standardized pre-approved profit sharing plan with CODA sponsored by Fidelity Management & Research Company, an affiliate of Fidelity. Fidelity Management & Research Company obtained an opinion letter from the Internal Revenue Service dated June 30, 2020 as to the non-standardized pre-approved profit sharing plan's qualified status. The Plan administrator believes the Plan is currently designed and operated in compliance with the applicable requirements of the Code and continues to qualify and to operate as designed.

GAAP requires plan management to evaluate tax positions taken by the Plan and recognize a tax liability (or asset) if the Plan has taken an uncertain position that more likely than not would not be sustained upon examination by the Internal Revenue Service. The Plan administrator has analyzed the tax positions taken by the Plan and has concluded that as of December 31, 2025 and 2024, there were no uncertain positions taken, or expected to be taken, that would require recognition of a liability or asset or disclosure in the financial statements. The Plan is subject to routine audits by taxing jurisdictions; however, there are currently no audits for any tax periods in progress.

(5)Related Party and Party-in-Interest Transactions

As the recordkeeper of the Plan and a related affiliate of the Plan's current trustee, Fidelity, Fidelity Management & Research Company qualifies as a party-in-interest to the Plan. MMC Securities Corporations, serving in its capacity as an investment adviser to the Plan also qualifies as a party-in-interest. Administrative fees remitted to Fidelity Management & Research Company and MMC Securities Corporations totaled $118,552 and $50,125 in 2025, respectively, and are included in administrative expenses in the accompanying Statement of Changes in Net Assets Available for Benefits.

Plan assets also include shares of World Acceptance Corporation common stock. World Acceptance Corporation, as the Plan Sponsor, qualifies as a party-in-interest for transactions involving the aforementioned assets. The investment in World Acceptance Corporation common stock was $2,314,712 and $2,225,452 at December 31, 2025 and 2024, respectively, and is participant directed.

Participant loans held by the Plan qualify as party-in-interest transactions.

(6)Fair Value

FASB ASC 820 defines fair value as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. FASB ASC 820 also establishes a fair value hierarchy which requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. The standard describes three levels of inputs that may be used to measure fair value:

◦Level 1 – Quoted prices (unadjusted) in active markets for identical assets or liabilities.

◦Level 2 – Inputs other than quoted prices that are observable for assets and liabilities, either directly or indirectly. These inputs include quoted prices for similar assets or liabilities in active markets and quoted prices for identical or similar assets or liabilities in markets that are less active.

◦Level 3 – Unobservable inputs for assets or liabilities reflecting the reporting entity’s own assumptions.

The following tables set forth the fair value of the Plan’s investments by category within the fair value hierarchy, if applicable, as of December 31, 2025 and 2024.


	December 31, 2025
	Total		Level 1		Level 2		Level 3
Investments at fair value
Mutual funds	$	68,011,129	$	68,011,129	$	—	$	—
Common stock	2,314,712		2,314,712		—		—

Total	$	70,325,841	$	70,325,841	$	—	$	—

Investments measured at NAV1	$	7,406,931

Total investments at fair value	$	77,732,772


	December 31, 2024
	Total		Level 1		Level 2		Level 3
Investments at fair value
Mutual funds	$	62,290,298	$	62,290,298	$	—	$	—
Common stock	2,225,452		2,225,452		—		—

Total	$	64,515,750	$	64,515,750	$	—	$	—

Investments measured at NAV1	$	5,523,661

Total investments at fair value	$	70,039,411

The following table set forth additional disclosures of the Plan's investments for which the fair value is measured using the NAV per share as a practical expedient as of December 31, 2025 and 2024.

December 31, 2025

Fair Value

Unfunded Commitments

Redemption Frequency

Redemption Notice Period

Common collective trust funds

7,406,931

—

Daily

3 days

December 31, 2024

Fair Value

Unfunded Commitments

Redemption Frequency

Redemption Notice Period

Invesco Stable Value Fund

5,523,661

—

Daily

3 days

Valuation methodologies for the asset classes listed above are described below. There have been no changes in the methodologies used at December 31, 2025 and 2024.

1 In accordance with the Fair Value Measurements topic, certain investments that were measured at NAV per share (or its equivalent) as a practical expedient have not been classified in the fair value hierarchy. The fair value amounts presented in this table are intended to permit reconciliation of the fair value hierarchy to the line items presented in the Statements of Net Assets Available for Benefits.

Mutual funds: Valued at daily closing price as reported by the fund. Mutual funds held by the Plan are open-ended mutual funds that are registered with the SEC. These funds are required to publish their daily net asset value and to transact at that price. The mutual funds held by the Plan are deemed to be actively traded.

Common stock: Valued at the closing price reported on the active market on which the individual securities are traded.

Common collective trust funds: Valued at the net asset value (NAV) of units of the bank collective trust. NAV is a readily determinable fair value and is the basis for current transactions. Participant transactions (purchases and sales) may occur daily. If the Plan initiates a full redemption of the collective trust, the issuer reserves the right to temporarily delay withdrawal from the trust in order to ensure that securities liquidations will be carried out in an orderly business manner.

(7)Reconciliation of Financial Statements to Form 5500

The following table reconciles net assets available for benefits per the financial statements to net assets per the Form 5500 as of December 31, 2025 and 2024:


	2025		2024
Net assets available for benefits per the financial statements	$	81,037,150	$	73,155,416
Differences in:
Investments - participant loans	2,884,682		2,725,654
Receivable - notes receivable from participants	(3,176,838)		(3,060,690)
Excess contributions payable included in financial statements but not in Form 5500	69,710		141,646
Contributions receivable	(197,250)		(196,961)
Net assets per Form 5500	$	80,617,454	$	72,765,065

The following table reconciles the net increase in net assets available for benefits per the financial statements to net income per Form 5500 for the year ended December 31, 2025:


	2025
Net increase in net assets available for benefits per the financial statements	$	7,881,734
Change in defaulted loans	42,879
Excess contributions payable included in financial statements but not in Form 5500 at:
December 31, 2025	69,710
December 31, 2024	(141,646)
Contributions receivable included in financial statements but not in Form 5500 at:
December 31, 2025	(197,250)
December 31, 2024	196,961
Net income per Form 5500	$	7,852,388

(8)Subsequent Events

The Plan Sponsor is not aware of any significant events occurring subsequent to December 31, 2025 and through June 22, 2026 that would have a material effect on the financial statements thereby requiring adjustment or disclosure.

WORLD ACCEPTANCE CORPORATION

RETIREMENT SAVINGS PLAN

Schedule H, Line 4i - Schedule of Assets (Held at End of Year)

December 31, 2025

(a)

(b)

(c)

(d)

(e)

Party in-interest

Identity of issuer, borrower, lessor, or similar party

Description of investment including maturity date, rate of interest, collateral, par or maturity value

Cost

Current value

Mutual Funds:

BlackRock

Blackrock Lifepath Index 2060 K Fund

3,190,318

BlackRock

Blackrock Lifepath Index 2065 K Fund

899,493

BlackRock

Blackrock Lifepath Index Retirement K Fund

2,693,613

BlackRock

Blackrock Lifepath Index 2030 K Fund

5,647,097

BlackRock

Blackrock Lifepath Index 2035 K Fund

9,668,735

BlackRock

Blackrock Lifepath Index 2040 K Fund

9,409,209

BlackRock

Blackrock Lifepath Index 2045 K Fund

11,074,214

BlackRock

Blackrock Lifepath Index 2050 K Fund

7,477,905

BlackRock

Blackrock Lifepath Index 2055 K Fund

5,323,966

Hartford Mutual Funds

Hartford International Opportunities R6 Fund

659,274

MFS Investment Management

MFS Value R6 Fund

608,776

T. Rowe Price Funds

T. Rowe Price Blue Chip Growth I Fund

3,726,753

Vanguard Group

Vanguard Extended Market Index Admiral Fund

1,550,623

Vanguard Group

Vanguard Total Bond Market Index Admiral Fund

345,933

Vanguard Group

Vanguard 500 Index Admiral Fund

4,902,531

Vanguard Group

Vanguard Total International Stock Index Admiral Fund

784,622

Total

67,963,062

Common Collective Trust Funds:

Alliance Bernstein

Alliance Bernstein Small & Mid Cap Value Portfolio

343,022

Invesco Trust Company

Invesco Stable Value Fund, Class B1

5,588,645

Metropolitan Life Insurance Co

Metro West Total Return Bond Fund Z

315,026

William Blair & Company

William Blair Small-Mid Cap Growth R4 Fund

1,160,238

Total

7,406,931

Participant Loans

Interest rates from 3.50% to 9.50% and maturity dates through December 2030***

2,884,682

Common Stock:

World Acceptance Corporation

Common stock, no par value (quoted at fair value)

2,314,712

Money Market Mutual Funds****:

Fidelity

Fidelity Govt Money Market

Fidelity

Fidelity Govt Money Market K6

48,040

Total

80,617,453

Indicates party-in-interest to the Plan

Cost information has not been included in column (d) because all investments are participant-directed

***

The accompanying financial statements classify participant loans as notes receivable from participants. Amount is net of $292,157 in deemed loan distributions.

****

Presented with mutual funds in the financial statements.

Report of Independent Registered Public Accounting Firm

Retirement Plan Committee, Plan Administrator and Plan Participants

World Acceptance Corporation Retirement Savings Plan

Opinion on the Financial Statements

We have audited the accompanying statements of net assets available for benefits of the World Acceptance Corporation Retirement Savings Plan (the “Plan”) as of December 31, 2025 and 2024, the related statement of changes in net assets available for benefits for the year ended December 31, 2025, and the related notes (collectively referred to as the “financial statements”). In our opinion, the financial statements referred to above present fairly, in all material respects, the net assets available for benefits of the Plan as of December 31, 2025 and 2024, and the changes in net assets available for benefits for the year ended December 31, 2025 in conformity with accounting principles generally accepted in the United States of America.

Basis of Opinion

These financial statements are the responsibility of the Plan’s management. Our responsibility is to express an opinion on these financial statements based on our audit.

We are a public accounting firm registered with the Public Company Accounting Oversight Board (United States) (“PCAOB”) and are required to be independent with respect to the Plan in accordance with the U.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB.

We conducted our audits in accordance with the standards of the PCAOB. Those standards require that we plan and perform the audits to obtain reasonable assurance about whether the financial statements are free of material misstatement, whether due to error or fraud. The Plan is not required to have, nor were we engaged to perform, an audit of its internal control over financial reporting. As part of our audits, we are required to obtain an understanding of internal control over financial reporting but not for the purpose of expressing an opinion on the effectiveness of the Plan’s internal control over financial reporting. Accordingly, we express no such opinion.

Our audits included performing procedures to assess the risks of material misstatement of the financial statements, whether due to error or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements. Our audits also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating the overall presentation of the financial statements. We believe that our audits provide a reasonable basis for our opinion.

Report on Supplemental Information

The supplemental information in the accompanying schedule of assets (held at end of year) as of December 31, 2025 has been subjected to audit procedures performed in conjunction with the audit of the Plan’s financial statements. The supplemental schedule is the responsibility of the Plan’s management. Our audit procedures included determining whether the supplemental schedule reconciles to the financial statements or the underlying accounting and other records, as applicable, and performing procedures to test the completeness and accuracy of the information presented in the supplemental schedule. In forming our opinion on the supplemental schedule, we evaluated whether the supplemental schedule, including its form and content, is presented in conformity with the Department of Labor’s Rules and Regulations for Reporting and Disclosure under the Employee Retirement Income Security Act of 1974. In our opinion, the schedule of assets (held at end of year) as of December 31, 2025 is fairly stated, in all material respects, in relation to the basic financial statements taken as a whole.

/s/ Forvis Mazars, LLP

We have served as the Company’s auditor since 2024.

Asheville, North Carolina

June 22, 2026

EXHIBIT INDEX

Exhibit
Number

Exhibit Description

Filed
Herewith

Incorporated by Reference

Form or
Registration
Number

Exhibit

Filing
Date

23.1

Consent of Forvis Mazars, LLP


*			Submitted electronically herewith.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the World Acceptance Corporation Retirement Plan Committee has duly caused this annual report to be signed on its behalf by the undersigned hereunto duly authorized.


			WORLD ACCEPTANCE CORPORATION RETIREMENT SAVINGS PLAN

			By: World Acceptance Corporation
			Retirement Plan Committee
			Date:			June 22, 2026

			By: /s/ Scott McIntyre
			Scott McIntyre
			Senior Vice President of Accounting
			Date:			June 22, 2026

			By: /s/ Lindsay Caulder
			Lindsay Caulder
			Senior Vice President, Human Resources
			Date:			June 22, 2026

SEC Form 11-K filed by World Acceptance Corporation