NASDAQ : ATLC
Atlanticus Holdings Corporation — Financial statements
Financials · Credit Services · United States
Last price 98.15 USD (Oct 29, 2026, 4:00 PM EDT) · Market cap 1.49B
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Financial statements
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Interest and Dividend Income | 1.95B | 1.40B | 979.81M | 879.12M | 786.24M | 518.78M |
| Total Interest Expense | 446.88M | 301.90M | 160.17M | 109.34M | 81.85M | 54.13M |
| Net Interest Income | 1.51B | 1.10B | 819.64M | 769.78M | 704.38M | 464.66M |
| Other Revenue | 699.34M | 564.71M | 330.14M | 276.12M | 259.87M | 225.07M |
| Revenue Before Loan Losses | 2.21B | 1.67B | 1.15B | 1.05B | 964.25M | 689.73M |
| Provision for Loan Losses | 1.48B | 1.11B | 749.84M | 691.73M | 578.32M | 255.19M |
| Revenue | 730.47M | 557.17M | 399.94M | 354.18M | 385.93M | 434.54M |
| Salaries & Employee Benefits | 92.28M | 65.27M | 50.14M | 43.91M | 43.06M | 34.02M |
| Cost of Services Provided | 349.98M | 274.11M | 174.59M | 153.04M | 157.83M | 132.03M |
| Other Operating Expenses | 66.02M | 45.50M | 35.41M | 26.74M | 34.40M | 22.18M |
| Total Operating Expenses | 519.59M | 390.69M | 262.86M | 226.25M | 237.47M | 189.73M |
| Operating Income | 210.89M | 166.47M | 137.09M | 127.93M | 148.46M | 244.81M |
| Earnings From Equity Investments | 16.00K | |||||
| EBT Excluding Unusual Items | 210.35M | 166.51M | 138.58M | 128.56M | 149.27M | 249.01M |
| Restructuring Charges | -4.30M | -4.30M | ||||
| Other Unusual Items | -29.44M | |||||
| Pretax Income | 203.55M | 159.71M | 138.58M | 128.56M | 149.27M | 219.57M |
| Income Tax Expense | 50.06M | 39.10M | 28.47M | 26.60M | 14.66M | 41.78M |
| Earnings From Continuing Ops. | 153.50M | 120.61M | 110.11M | 101.95M | 134.61M | 177.79M |
| Minority Interest in Earnings | 510.00K | 1.59M | 1.19M | 891.00K | 985.00K | 113.00K |
| Net Income | 154.00M | 122.20M | 111.30M | 102.84M | 135.60M | 177.90M |
| Preferred Dividends & Other Adjustments | 9.23M | 10.41M | 23.93M | 25.20M | 25.08M | 22.36M |
| Net Income to Common | 144.78M | 111.80M | 87.37M | 77.65M | 110.52M | 155.54M |
| Shares Outstanding (Basic) | 15.09M | 15.11M | 14.75M | 14.50M | 14.63M | 15.07M |
| Shares Outstanding (Diluted) | 19.12M | 19.18M | 18.80M | 18.88M | 19.38M | 20.90M |
| EPS (Basic) | 9.60 | 7.40 | 5.92 | 5.35 | 7.55 | 10.32 |
| EPS (Diluted) | 7.70 | 5.96 | 4.77 | 4.24 | 5.83 | 7.56 |
| Free Cash Flow | 936.46M | 632.94M | 467.62M | 455.32M | 342.78M | 205.28M |
| Free Cash Flow Per Share | 48.97 | 33.01 | 24.87 | 24.11 | 17.69 | 9.82 |
| Operating Margin | 28.87% | 29.88% | 34.28% | 36.12% | 38.47% | 56.34% |
| Profit Margin | 19.82% | 20.06% | 21.84% | 21.92% | 28.64% | 35.79% |
| Free Cash Flow Margin | 128.20% | 113.60% | 116.92% | 128.56% | 88.82% | 47.24% |
| Effective Tax Rate | 24.59% | 24.48% | 20.54% | 20.69% | 9.82% | 19.03% |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 555.22M | 621.09M | 375.42M | 339.34M | 384.98M | 409.66M |
| Loans & Lease Receivables | 6.74B | 6.73B | 2.71B | 2.27B | 1.91B | 1.41B |
| Property, Plant & Equipment | 24.75M | 27.69M | 24.40M | 22.75M | 21.80M | 11.35M |
| Other Intangible Assets | 25.13M | 30.27M | ||||
| Restricted Cash | 89.97M | 146.31M | 124.22M | 44.31M | 48.21M | 96.97M |
| Other Current Assets | 60.23M | 66.95M | 32.07M | 27.85M | 27.42M | 15.65M |
| Total Assets | 7.49B | 7.62B | 3.27B | 2.71B | 2.39B | 1.94B |
| Accounts Payable | 275.31M | 284.51M | 72.09M | 61.63M | 44.33M | 42.29M |
| Current Portion of Long-Term Debt | 39.30M | 829.10M | 250.00M | |||
| Current Portion of Leases | 2.54M | 5.11M | ||||
| Long-Term Debt | 6.23B | 5.69B | 2.48B | 1.76B | 1.80B | 1.42B |
| Long-Term Leases | 21.03M | 20.17M | 24.19M | 20.18M | 20.11M | 4.84M |
| Current Income Taxes Payable | 184.41M | 152.14M | 114.07M | 85.83M | 60.69M | 47.77M |
| Total Liabilities | 6.75B | 6.98B | 2.69B | 2.17B | 1.92B | 1.52B |
| Additional Paid-In Capital | 106.18M | 102.28M | 98.28M | 87.42M | 122.00M | 227.76M |
| Retained Earnings | 595.70M | 506.42M | 394.63M | 307.26M | 204.41M | 60.24M |
| Total Common Equity | 701.88M | 608.70M | 492.91M | 394.68M | 326.41M | 288.00M |
| Minority Interest | -4.40M | -4.87M | 46.46M | 97.99M | 98.58M | 99.15M |
| Shareholders' Equity | 737.48M | 643.83M | 579.36M | 532.67M | 464.99M | 427.15M |
| Total Liabilities & Equity | 7.49B | 7.62B | 3.27B | 2.71B | 2.39B | 1.94B |
| Total Debt | 6.29B | 6.54B | 2.51B | 2.03B | 1.82B | 1.43B |
| Net Cash (Debt) | -5.74B | -5.92B | -2.13B | -1.69B | -1.43B | -1.02B |
| Net Cash Per Share | -300.10 | -308.81 | -113.28 | -89.34 | -73.95 | -48.66 |
| Filing Date Shares Outstanding | 15.17M | 14.92M | 15.12M | 14.61M | 14.45M | 14.88M |
| Total Common Shares Outstanding | 15.17M | 14.92M | 14.90M | 14.60M | 14.45M | 14.80M |
| Working Capital | 6.94B | 6.29B | 3.06B | 2.29B | 2.26B | 1.84B |
| Book Value Per Share | 46.27 | 40.79 | 33.07 | 27.03 | 22.58 | 19.45 |
| Tangible Book Value | 676.75M | 578.43M | 492.91M | 394.68M | 326.41M | 288.00M |
| Tangible Book Value Per Share | 44.61 | 38.76 | 33.07 | 27.03 | 22.58 | 19.45 |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 154.00M | 122.20M | 111.30M | 102.84M | 135.60M | 177.90M |
| Depreciation & Amortization | 16.75M | 9.90M | 5.19M | 4.04M | 4.85M | 2.49M |
| Other Amortization | 23.36M | 18.46M | 11.83M | 7.18M | 5.10M | 5.57M |
| Gain on Sale of Loans & Receivables | -28.05M | -27.23M | -25.34M | -23.38M | ||
| Provision for Credit Losses | 1.48B | 1.11B | 749.84M | 691.73M | 578.32M | 255.19M |
| Loss (Gain) on Equity Investments | -16.00K | |||||
| Stock-Based Compensation | 6.67M | 4.29M | 3.90M | 3.78M | 4.17M | 3.24M |
| Change in Accounts Payable | 6.49M | 29.51M | 2.54M | 18.41M | 4.26M | 6.00M |
| Change in Income Taxes | 1.93M | -584.00K | -2.25M | -12.69M | -10.56M | 21.84M |
| Change in Other Net Operating Assets | -575.75M | -473.60M | -273.99M | -244.17M | -252.86M | -111.84M |
| Other Operating Activities | -144.60M | -154.28M | -113.59M | -88.44M | -121.24M | -147.41M |
| Operating Cash Flow | 936.98M | 637.96M | 469.40M | 459.32M | 347.63M | 212.37M |
| Capital Expenditures | -520.00K | -5.02M | -1.79M | -3.99M | -4.85M | -7.09M |
| Sale of Property, Plant & Equipment | 1.10M | |||||
| Cash Acquisitions | -72.86M | -72.86M | ||||
| Investment in Securities | 162.00K | |||||
| Net Decrease (Increase) in Loans Originated / Sold - Investing | -1.43B | -1.51B | -789.35M | -719.79M | -709.79M | -483.26M |
| Other Investing Activities | 89.69M | 71.52M | 44.11M | 51.58M | 32.36M | 14.06M |
| Investing Cash Flow | -1.41B | -1.51B | -747.03M | -672.20M | -682.28M | -475.02M |
| Long-Term Debt Issued | 3.94B | 1.03B | 955.28M | 680.53M | 1.07B | |
| Long-Term Debt Repaid | -2.73B | -566.24M | -753.88M | -309.75M | -586.50M | |
| Net Debt Issued (Repaid) | 658.72M | 1.20B | 462.98M | 201.40M | 370.77M | 479.81M |
| Issuance of Preferred Stock | 2.79M | 6.25M | 1.08M | 1.12M | 437.00K | 75.27M |
| Issuance of Common Stock | 4.61M | 13.02M | 8.06M | 3.40M | 3.73M | 1.89M |
| Repurchase of Common Stock | -20.29M | -69.57M | -52.67M | -17.67M | -89.01M | -25.22M |
| Preferred Dividends Paid | -9.22M | -12.43M | -25.74M | -24.91M | -24.79M | -21.81M |
| Total Dividends Paid | -9.22M | -12.43M | -25.74M | -24.91M | -24.79M | -21.81M |
| Other Financing Activities | 253.00K | 268.00K | -95.00K | 4.00K | 114.00K | 387.00K |
| Financing Cash Flow | 636.86M | 1.14B | 393.61M | 163.34M | 261.25M | 510.33M |
| Foreign Exchange Rate Adjustments | 2.00K | -36.00K | -5.00K | |||
| Net Cash Flow | 161.94M | 267.77M | 115.98M | -49.54M | -73.44M | 247.67M |
| Free Cash Flow | 936.46M | 632.94M | 467.62M | 455.32M | 342.78M | 205.28M |
| Free Cash Flow Margin | 128.20% | 113.60% | 116.92% | 128.56% | 88.82% | 47.24% |
| Free Cash Flow Per Share | 48.97 | 33.01 | 24.87 | 24.11 | 17.69 | 9.82 |
| Cash Interest Paid | 416.98M | 268.39M | 145.67M | 99.45M | 75.36M | 47.61M |
| Cash Income Tax Paid | 1.03M | 229.00K | 1.47M | 4.25M | 19.95M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 1.42B | 1.01B | 822.13M | 566.57M | 378.47M | 1.08B |
| PE Ratio | 12.14 | 9.07 | 9.41 | 7.30 | 3.42 | 6.92 |
| PS Ratio | 1.94 | 1.82 | 2.06 | 1.60 | 0.98 | 2.48 |
| PB Ratio | 2.02 | 1.57 | 1.42 | 1.06 | 0.81 | 2.52 |
| P/FCF Ratio | 1.51 | 1.60 | 1.76 | 1.24 | 1.10 | 5.24 |
| P/OCF Ratio | 1.51 | 1.59 | 1.75 | 1.23 | 1.09 | 5.07 |
| Debt / Equity Ratio | 8.54 | 10.16 | 4.32 | 3.80 | 3.91 | 3.34 |
| Debt / FCF Ratio | 6.72 | 10.34 | 5.36 | 4.45 | 5.30 | 6.95 |
| Net Debt / Equity Ratio | 7.78 | 9.20 | 3.68 | 3.17 | 3.08 | 2.38 |
| Net Debt / FCF Ratio | 6.13 | 9.36 | 4.55 | 3.71 | 4.18 | 4.95 |
| Quick Ratio | 14.54 | 5.79 | 16.60 | 6.57 | 21.81 | 20.21 |
| Current Ratio | 14.84 | 5.95 | 17.44 | 6.75 | 22.53 | 21.46 |
| Asset Turnover | 0.13 | 0.10 | 0.13 | 0.14 | 0.18 | 0.28 |
| Return on Equity (ROE) | 22.97% | 19.72% | 19.80% | 20.44% | 30.18% | 55.30% |
| Return on Assets (ROA) | 2.76% | 2.21% | 3.68% | 4.00% | 6.21% | 11.28% |
| Return on Invested Capital (ROIC) | 2.26% | 2.45% | 3.86% | 4.19% | 6.47% | 13.24% |
| Earnings Yield | 8.23% | 12.05% | 13.54% | 18.15% | 35.83% | 16.53% |
| FCF Yield | 66.05% | 62.44% | 56.88% | 80.37% | 90.57% | 19.07% |
| Payout Ratio | 10.17% | 23.13% | 24.22% | 18.28% | 12.26% | |
| Buyback Yield / Dilution | -0.60% | -1.99% | 0.43% | 2.55% | 7.28% | -3.96% |