Private company

Elevate Credit, Inc.

Elevate Credit, Inc. is an American finance services company based in Fort Worth, incorporated in Delaware.2

Last updated Oct 20, 2026.

Overview

  • IndustryFinance Services2
  • HeadquartersFort Worth, United States2
  • Incorporated inDE3
  • Business address4150 International Plaza, Suite 300, Fort Worth, Tx 761093
  • Filer category, Emerging growth company3
  • Legal formCorporation2
  • LEI5493005YGC28MJELZ8752
  • StatusActive2
  • LEI statusLapsed (not renewed)2
  • Registered addressC/O CORPORATION SERVICE COMPANY, 19808 Wilmington, United States2
  • Registered withDivision of Corporations, Department of State, 54637622

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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 2021

42.1%Gross margin4
4.6%Operating margin4
-8.1%Net margin4
-10.5%Revenue growth, 20214
-30.8%Return on equity4
4.64×Debt to equity4
$138.9MFree cash flow4

Where the money goes

Where each dollar of revenue went, fiscal 2021

  • Cost of revenue58¢$241.3M
  • Other costs31¢$129.0M
  • Interest9¢$38.5M
  • Income tax2¢$7.8M

Out of $416.6M in revenue.4 The company lost money this year.

Where each dollar of operating cash went, fiscal 2021

  • Capital spending11¢$17.3M
  • Share buybacks18¢$27.5M
  • Kept or used elsewhere71¢$111.3M

Out of $156.2M of cash from operations.4

Financial statements

Revenue56784$416.6M in 2021−4% since 2015
0$200.0M$400.0M$600.0M$800.0M2015: $434.0M$434.0M20152016: $580.4M$580.4M2016+34%2017: $673.1M$673.1M2017+16%2018: $663.7M$663.7M2018−1%2019: $638.9M$638.9M2019−4%2020: $465.3M$465.3M2020−27%2021: $416.6M$416.6M2021−10%
Gross profit56784$175.3M in 2021+40% since 2015
0$100.0M$200.0M$300.0M2015: $125.1M$125.1M20152016: $180.0M$180.0M2016+44%2017: $222.8M$222.8M2017+24%2018: $234.7M$234.7M2018+5%2019: $264.6M$264.6M2019+13%2020: $280.0M$280.0M2020+6%2021: $175.3M$175.3M2021−37%
Operating income591084$19.3M in 2021+116% since 2015
0$50.0M$100.0M$150.0M2015: $9.0M$9.0M20152016: $48.0M$48.0M2016+435%2017: $61.0M$61.0M2017+27%2018: $87.8M$87.8M2018+44%2019: $101.6M$101.6M2019+16%2020: $120.2M$120.2M2020+18%2021: $19.3M$19.3M2021−84%
Net income56784-$33.6M in 2021+69% since 2015
-$40.0M-$20.0M0$20.0M$40.0M2015: -$19.9M-$19.9M20152016: -$22.4M-$22.4M2016+12%2017: -$6.9M-$6.9M2017−69%2018: $12.5M$12.5M20182019: $32.2M$32.2M2019+157%2020: $20.6M$20.6M2020−36%2021: -$33.6M-$33.6M2021
Fiscal year2015201620172018201920202021
Revenue$434.0M5$580.4M6$673.1M7$663.7M8$638.9M4$465.3M4$416.6M4
Cost of revenue$308.9M5$400.4M6$450.3M7$429.1M8$374.3M4$185.3M4$241.3M4
Gross profit$125.1M5$180.0M6$222.8M7$234.7M8$264.6M4$280.0M4$175.3M4
Operating expenses$156.0M4
Operating income$9.0M5$48.0M9$61.0M10$87.8M8$101.6M4$120.2M4$19.3M4
Interest$36.7M5$64.3M6$73.0M7$73.3M8$62.5M4$49.0M4$38.5M4
Income before tax-$41.4M4
Income tax-$4.7M5-$3.0M6$9.9M7$374.0K8$12.2M4$10.9M4-$7.8M4
Net income-$19.9M5-$22.4M6-$6.9M7$12.5M8$32.2M4$20.6M4-$33.6M4
Earnings per share-$1.595-$1.746-$0.207$0.298$0.734$0.504-$0.984
Earnings per share (diluted)-$1.595-$1.746-$0.207$0.288$0.734$0.494-$0.984
Shares (weighted, basic)34.3M shares4
Shares (weighted, diluted)34.3M shares4

Compare Elevate Credit, Inc. with another company

Corporate structure

Elevate Credit, Inc. sits at the top of its group. 2 entities, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of Elevate Credit, Inc.

  • Tyler W. K. Head Filed SC 13G/A on Elevate Credit, Inc., latest Feb 14, 2022
  • JB CAPITAL PARTNERS LP Filed SC 13G/A on Elevate Credit, Inc., latest Feb 10, 2022 (2 filings since Nov 30, 2021)
  • TCV V LP Filed SC 13G/A on Elevate Credit, Inc., latest Feb 4, 2022
  • Elevate Credit, Inc. Fort Worth, Texas, United States
    • Rise SPV, LLC Subsidiary · Fort Worth, Texas, United States

Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What Elevate Credit, Inc. reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Computer equipment and software$79.2M8 Dec 31, 2020$64.2M8 Dec 31, 2019+23.4%
Property and equipment, before depreciation$133.1M4 Dec 31, 2021$116.7M4 Dec 31, 2020+14.0%
Accumulated depreciation$100.0M4 Dec 31, 2021$82.7M4 Dec 31, 2020+20.9%
Property and equipment, net$33.1M4 Dec 31, 2021$34.0M4 Dec 31, 2020−2.6%
Operating-lease assets (leased space)$5.7M4 Dec 31, 2021$8.3M4 Dec 31, 2020−31.3%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$85.0M4 Dec 31, 2021$198.0M4 Dec 31, 2020−57.1%

Intangibles and goodwill

ItemLatestA year beforeChange
Goodwill$6.8M4 Dec 31, 2021$6.8M4 Dec 31, 20200%
Intangible assets, net (excluding goodwill)$231.0K4 Dec 31, 2021$1.1M4 Dec 31, 2020−79.6%
Accumulated amortization$2.8M4 Dec 31, 2021$2.2M4 Dec 31, 2020+27.4%

Leadership

Who has led Elevate Credit, Inc., and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Kenneth E. Rees2017–2019
  2. Jason Harvison2019–2023

President

  1. Jason Harvison2019–2023

Chief financial officer

  1. Christopher Lutes2017–2021
  2. Chad Bradford2021–2022

Chief operating officer

  1. Jason Harvison2017–2019
  2. Scott Greever2022–2023
20202025
Board members and other officers (21)

Timeline

  1. Mar 2, 20238-K Entered a material agreement; New debt or obligation36
  2. Feb 28, 20238-K Completed an acquisition or sale; Listing notice or transfer; Change to shareholders' rights37
  3. Feb 16, 20238-K Shareholder vote38
  4. Feb 6, 20238-K Other events39
  5. Jan 27, 20238-K Executive or director change40
  6. Dec 21, 20228-K Entered a material agreement; New debt or obligation; Executive or director change41
  7. Nov 16, 20228-K Entered a material agreement; Other events42
  8. Nov 9, 20228-K Results of operations43
  9. Aug 9, 20228-K Results of operations44
  10. May 11, 20228-K Shareholder vote45
  11. May 4, 20228-K Results of operations; Executive or director change46
  12. Feb 15, 20228-K Results of operations47
  13. Aug 16, 2019New chief executive Jason Harvison becomes CEO13
  14. Apr 6, 2017New chief executive Kenneth E. Rees becomes CEO14
  15. Jan 31, 2014Founded Elevate Credit, Inc. is founded2

Calendar

When it reported results

  1. Nov 9, 2022Reported quarterly or annual results43
  2. Aug 9, 2022Reported quarterly or annual results44
  3. May 4, 2022Reported quarterly or annual results46
  4. Feb 15, 2022Reported quarterly or annual results47
  5. Nov 2, 2021Reported quarterly or annual results48

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

125 filings to the SEC since October 2021: 1 annual reports, 4 quarterly reports, 19 major events, 76 insider forms, 4 large holders, 21 other. The latest 20:

  1. Mar 13, 202315-12G EDGAR
  2. Mar 2, 20238-K EDGAR
  3. Mar 2, 20234 PRIMARY DOCUMENT EDGAR
  4. Mar 2, 20234 PRIMARY DOCUMENT EDGAR
  5. Mar 2, 20234 PRIMARY DOCUMENT EDGAR
  6. Mar 2, 20234 PRIMARY DOCUMENT EDGAR
  7. Mar 2, 20234 PRIMARY DOCUMENT EDGAR
  8. Mar 2, 20234 PRIMARY DOCUMENT EDGAR
  9. Mar 2, 20234 PRIMARY DOCUMENT EDGAR
  10. Mar 2, 20234 PRIMARY DOCUMENT EDGAR
  11. Mar 2, 20234 PRIMARY DOCUMENT EDGAR
  12. Mar 2, 20234 PRIMARY DOCUMENT EDGAR
  13. Mar 2, 20234 PRIMARY DOCUMENT EDGAR
  14. Mar 2, 20234 PRIMARY DOCUMENT EDGAR
  15. Mar 2, 20234 PRIMARY DOCUMENT EDGAR
  16. Feb 28, 2023S-8 POS EDGAR
  17. Feb 28, 2023S-8 POS EDGAR
  18. Feb 28, 2023S-8 POS EDGAR
  19. Feb 28, 2023S-8 POS EDGAR
  20. Feb 28, 2023S-8 POS EDGAR

The 125 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

11 open-market trades by officers, directors and large owners since October 2021: 2 buys and 9 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
May 19, 2022Strock Bradley R.DirectorBuy4,032$2.48$10.0KForm 4
May 18, 2022Lutes ChristopherChief Strategy OfficerBuy41,267$2.42$99.9KForm 4
Apr 7, 2022Peterson David CurryChief Credit OfficerSale6,000$3.04$18.2KForm 4
Mar 25, 2022Greever ScottChief Operating OfficerSale15,000$3.07$46.0KForm 4
Feb 8, 2022Harvison JasonPresident and CEOSale14,000$3.62$50.7KForm 4
Feb 7, 2022Peterson David CurryChief Credit OfficerSale2,000$3.32$6.6KForm 4
Feb 7, 2022Harvison JasonPresident and CEOSale1,000$3.50$3.5KForm 4
Jan 5, 2022Peterson David CurryChief Credit OfficerSale2,000$3.04$6.1KForm 4
Dec 6, 2021Peterson David CurryChief Credit OfficerSale2,000$3.00$6.0KForm 4
Nov 5, 2021Peterson David CurryChief Credit OfficerSale2,000$3.91$7.8KForm 4
Oct 5, 2021Peterson David CurryChief Credit OfficerSale2,000$3.82$7.6KForm 4

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

SEC filer profile

How Elevate Credit, Inc. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARElevate Credit, Inc.1
  • CIK0001651094
  • Employer ID (EIN)46-47144741
  • Filer status<br>emerging growth company1
  • Incorporated inDelaware1
  • Fiscal year endsDecember 311
  • Industry code (SIC)6199 Finance Services1
  • Business address4150 International Plaza, Suite 300, Fort Worth, TX 761091
  • Phone817-928-15001
  • Shares outstanding31,246,534 as of Nov 7, 202212
  • Public float$99.5M as of Jun 30, 20214
  • On EDGAR sinceSep 2, 20151
  • Filings661 in all: 4 (442), 8-K (60), 3 (25), 10-Q (18), SC 13G/A (18), CORRESP (14), CT ORDER (13), DEFA14A (8)1
    All 30 form types

    S-1/A (7), S-8 POS (7), SC 13G (7), S-8 (6), UPLOAD (6), 10-K (5), DEF 14A (5), FWP (3), CERTNYS (2), DRS/A (2), DRSLTR (2), 15-12G (1), 25-NSE (1), 4/A (1), 424B4 (1), 8-A12B (1), 8-K/A (1), DEFM14A (1), DRS (1), EFFECT (1), PREM14A (1), S-1 (1)

  • Latest filingsAnnual report (10-K) Feb 25, 2022
    Quarterly report (10-Q) Nov 9, 2022
    Proxy statement (DEF 14A) Apr 5, 2022
    Latest 8-K (8-K) Mar 2, 2023

Sources

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