Northwire Canada EditionThursday, October 15, 2026
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Regulatory

INVESTOR ALERT: Goeasy Ltd. Shareholder Class Action

By The Northwire Desk — AI Analysis Mar 20, 2026 · 14:43 GSY · 35.54 GOEASY LTD.
GSY · Price

Executive Summary

  • Goeasy Ltd. disclosed a Q4 2025 charge‑off of approximately $178 million related to its Lendcare consumer‑loan portfolio (gross loans receivable $5.5 billion).
  • An additional write‑down of about $55 million for loan interest and fees was reported, bringing total net charge‑offs for the quarter to an estimated $331 million.
  • The company will withdraw its previously issued Q4 2025 outlook and three‑year forecast and will correct historical Lendcare reporting practices dating back to 2024.

Key Details

  • Charge‑off amount: ~ $178 M for Q4 2025 (Lendcare business).
  • Write‑down of interest/fees: ~ $55 M.
  • Total net charge‑offs for the quarter: Estimated ~$331 M.
  • Allowance increase: Expected net increase of ~ $86 M in allowance for credit losses on gross consumer loans receivable versus September 30 2025 levels.
  • Gross consumer loans receivable (as of Dec 31 2025): $5.5 B.
  • Outlook withdrawal: Goeasy will withdraw its Q4 2025 outlook and three‑year financial forecast.
  • Historical reporting correction: Adjustments required for LendCare data back to 2024 due to premature recording of customer payments, affecting reported delinquencies.
  • Market reaction: Share price fell from $115.55 to $49.72; credit rating downgraded.
  • Legal action: Berger Montage (Canada) PC is representing investors in a shareholder class‑action (Dodds v. Goeasy Ltd., CV‑26‑0005488‑00CP).

Notable Quotes

(No direct quotes were provided in the release.)

Read the original news release →

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