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Atlanticus Holdings Corp
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Last updated Oct 16, 2026.
Overview
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Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Key numbers, fiscal 2025
What sells
Revenue by product, business segment and region, as the company reports it to the SEC.
Products and services
Merchant Fees brought in 47% of the revenue Atlanticus Holdings Corp broke down this way in fiscal 2025.
Products and services by year
| Products and services | 2024 | 2025 |
|---|---|---|
| Merchant Fees | $144.3M | $197.2M |
| Other Revenue | $60.4M | $112.4M |
| Service Charges and Other Customer Related Fees, Other Revenue | $30.9M | $56.1M |
| Interchange Revenues, Other Revenue | $19.3M | $32.4M |
| Servicing Income, Other Revenue | $10.1M | $24.0M |
Business segments
Credit and Other Investments brought in 98% of the revenue Atlanticus Holdings Corp broke down this way in fiscal 2025.
Business segments by year
| Business segments | 2024 | 2025 |
|---|---|---|
| Credit and Other Investments | $1.3B | $1.9B |
| Auto Finance | $42.3M | $39.7M |
Where the money goes
Where each dollar of revenue went, fiscal 2025
- Cost of revenue8¢$160.8M
- Other costs68¢$1.3B
- Interest15¢$301.9M
- Income tax2¢$39.1M
- Profit6¢$122.2M
Out of $2.0B in revenue.3
Where each dollar of operating cash went, fiscal 2025
- Share buybacks11¢$69.6M
- Kept or used elsewhere89¢$568.4M
Out of $638.0M of cash from operations.3
Financial statements
Every line of the income statement in the latest annual report, as filed.3
| Period ending | 2025-12-31 | 2024-12-31 |
|---|---|---|
| Consumer loans, including past due fees | $1.4B | $979.8M |
| Fees and related income on earning assets | $452.3M | $269.8M |
| Other revenue | $112.4M | $60.4M |
| Total operating revenue and other income | $2.0B | $1.3B |
| Other non-operating income | $39.0K | $1.5M |
| Total revenue and other income | $2.0B | $1.3B |
| Interest expense | -$301.9M | -$160.2M |
| Provision for credit losses | -$6.2M | -$16.4M |
| Increase (Decrease) in Fair Value of Loans and Fees Receivable Recorded at Fair Value | -$1.1B | -$733.5M |
| Net margin | $557.2M | $401.4M |
| Salaries and benefits | -$69.6M | -$50.1M |
| Card and loan servicing | -$160.8M | -$118.4M |
| Marketing and solicitation | -$113.3M | -$56.2M |
| Depreciation | -$5.8M | -$2.7M |
| Other | -$48.0M | -$35.4M |
| Total operating expenses | -$397.5M | -$262.9M |
| Income before income taxes | $159.7M | $138.6M |
| Income tax expense | -$39.1M | -$28.5M |
| Net income | $120.6M | $110.1M |
| Net loss attributable to noncontrolling interests | $1.6M | $1.2M |
| Net income attributable to controlling interests | $122.2M | $111.3M |
| Preferred stock and preferred unit dividends and discount accretion | -$10.4M | -$23.9M |
| Net income attributable to common shareholders | $111.8M | $87.4M |
| Net income attributable to common shareholders per common sharebasic (in dollars per share) | $7.40 | $5.92 |
| Net income attributable to common shareholders per common sharediluted (in dollars per share) | $5.96 | $4.77 |
Every line of the balance sheet in the latest annual report, as filed.3
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Loans, interest and fees receivable, at fair value | $6.6B | $2.6B | |
| Loans at amortized cost, net (including $4.1 million and $4.9 million of allowance for credit losses at December 31, 2025 and December 31, 2024, respectively; and $20.1 million and $19.8 million of deferred revenue at December 31, 2025 and December 31, 2024, respectively) | $82.9M | $84.3M | |
| Property at cost, net of depreciation | $12.6M | $10.5M | |
| Intangible assets, net (Note 3) | $30.3M | $0 | |
| Operating lease right-of-use assets | $15.1M | $13.9M | |
| Prepaid expenses and other assets | $67.0M | $32.1M | |
| Total assets | $7.6B | $3.3B | |
| Accounts Payable and Accrued Liabilities | $284.5M | $72.1M | |
| Operating lease liabilities | $25.3M | $24.2M | |
| Senior notes, net | $698.6M | $281.6M | |
| Income tax liability | $152.1M | $114.1M | |
| Total liabilities | $7.0B | $2.7B | |
| Common stock, no par value, 150,000,000 shares authorized: 14,922,462 and 14,904,192 shares issued and outstanding at December 31, 2025 and December 31, 2024, respectively | $0 | $0 | |
| Paid-in capital | $102.3M | $98.3M | |
| Retained earnings | $506.4M | $394.6M | |
| Total shareholders equity attributable to Atlanticus Holdings Corporation | $608.7M | $492.9M | |
| Noncontrolling interests | -$4.9M | -$3.5M | |
| Total equity | $603.8M | $489.4M | $392.4M |
| Total liabilities, shareholders' equity and temporary equity | $7.6B | $3.3B | |
| Unrestricted cash and cash equivalents | $621.1M | $375.4M | |
| Restricted cash and cash equivalents | $146.3M | $124.2M | |
| Allowance for credit losses | $4.1M | $4.9M | |
| Deferred revenue | $20.1M | $19.8M | |
| Notes payable, at face value | $5.8B | $2.2B | |
| Common stock, par value (in dollars per share) | $0 | $0 | |
| Common stock, authorized (in shares) | 150.0M shares | 150.0M shares | |
| Common stock, issued (in shares) | 14.9M shares | 14.9M shares | |
| Common stock, outstanding (in shares) | 14.9M shares | 14.9M shares |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
Every line of the cash flow in the latest annual report, as filed.3
| Period ending | 2025-12-31 | 2024-12-31 |
|---|---|---|
| Net income | $120.6M | $110.1M |
| Depreciation, amortization and accretion, net | $9.9M | $5.2M |
| Provision for credit losses | $6.2M | $16.4M |
| Deferred income tax expense | $38.7M | $30.5M |
| Income from accretion of discount associated with Loans at amortized cost, net | -$27.2M | -$25.3M |
| Income from merchant fees associated with Loans at fair value | -$197.2M | -$144.3M |
| Changes in fair value of loans | $1.1B | $733.5M |
| Change in bank partner fees carried at fair value | $5.8M | $1.4M |
| Amortization of debt issuance costs | $18.5M | $11.8M |
| Stock-based compensation costs | $4.3M | $3.9M |
| Decrease in lease liability | -$3.5M | -$3.0M |
| Increase in uncollected fees on earning assets | -$446.9M | -$269.9M |
| Increase (decrease) in income tax liability | -$584.0K | -$2.3M |
| Increase in accounts payable and accrued expenses | $29.5M | $2.5M |
| Other | -$23.2M | -$1.1M |
| Net cash provided by operating activities | $638.0M | $469.4M |
| Proceeds from recoveries on charged off receivables | $71.5M | $44.1M |
| Investments in earning assets | -$4.4B | -$2.6B |
| Proceeds from earning assets | $2.9B | $1.8B |
| Acquisition of Mercury (net of cash acquired) | -$72.9M | $0 |
| Purchases and development of property | -$5.0M | -$1.8M |
| Net cash used in investing activities | -$1.5B | -$747.0M |
| Noncontrolling interests contributions | $268.0K | $53.0K |
| Noncontrolling interests distributions | $0 | -$148.0K |
| Proceeds from issuance of common stock | $11.6M | $7.1M |
| Proceeds from issuance of Series B preferred stock, net of issuance costs | $6.2M | $1.1M |
| Preferred stock and preferred unit dividends | -$12.4M | -$25.7M |
| Proceeds from exercise of stock options | $1.4M | $984.0K |
| Purchase and retirement of outstanding stock and preferred units | -$69.6M | -$52.7M |
| Proceeds from issuance of Senior notes, net of issuance costs | $425.6M | $135.3M |
| Proceeds from borrowings | $3.5B | $894.0M |
| Repayment of borrowings | -$2.7B | -$566.2M |
| Net cash provided by financing activities | $1.1B | $393.6M |
| Net increase in cash and cash equivalents and restricted cash and cash equivalents | $267.8M | $116.0M |
| Cash paid for interest | $268.4M | $145.7M |
| Cash paid for income taxes, net of refunds | $1.0M | $229.0K |
| Accretion of discount associated with issuance of subsidiary equity | $0 | $250.0K |
| Decrease in accrued and unpaid preferred stock and preferred unit dividends | -$2.0M | -$2.1M |
| Cash assumed upon acquisition of Mercury | $93.7M | $0 |
Former names
- CompuCredit Holdings CorpMay 22, 2009 to Nov 30, 20122
Recent filings
- Oct 6, 20268-K
- Sep 17, 20268-K
- Aug 17, 20264
- Aug 13, 2026SCHEDULE 13G/A
- Aug 6, 202610-Q
- Jul 8, 20264
- Jul 7, 20264
- Jul 6, 2026SCHEDULE 13D/A
- Jul 2, 20264
- Jul 2, 20264
- Jul 1, 2026144
- Jul 1, 2026144
- Jul 1, 20264
- Jul 1, 20264
- Jul 1, 20264
Every filing from the last three years, summarized. The full record is on SEC EDGAR.1
Sources
The numbers on this page point here. Each one links to the record it came from.
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