Free Trial
→ SpaceX eyes a 1.75 trillion valuation - here's what to know (From Brownstone Research) (Ad)tc pixel Free ATLC Stock Alerts

Atlanticus (ATLC) Financials

Atlanticus logo
$77.82 +0.23 (+0.30%)
Closing price 04:00 PM Eastern
Extended Trading
$77.96 +0.14 (+0.18%)
As of 04:26 PM Eastern
Extended trading is trading that happens on electronic markets outside of regular trading hours. This is a fair market value extended hours price provided by Massive. Learn more.
Compare
Annual Income Statements for Atlanticus

Annual Income Statements for Atlanticus

This table shows Atlanticus' income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Net Income / (Loss) Attributable to Common Shareholders		 1.71 -6.34 -13 7.86 25 77 156 111 78 87 112
Consolidated Net Income / (Loss)		 1.71 -6.34 -41 7.61 26 94 178 135 102 110 121
Net Income / (Loss) Continuing Operations		 1.71 -6.34 -13 90 26 94 178 135 102 110 121
Total Pre-Tax Income 		3.54 -12 -47 3.48 32 114 220 149 129 139 160
Total Revenue		 152 116 135 242 407 400 442 387 356 416 563
Net Interest Income / (Expense)		 52 68 115 124 293 374 495 747 807 880 1,214
Total Interest Income		 70 89 115 161 344 426 549 829 916 1,040 1,516
Loans and Leases Interest Income		 70 88 114 161 330 411 519 786 879 980 1,404
Other Interest Income		 0.09 0.23 0.22 0.20 14 15 31 43 37 60 112
Total Interest Expense		 18 20 0.00 37 51 52 54 82 109 160 302
Long-Term Debt Interest Expense		 18 20 - 37 51 52 54 82 109 160 302
Total Non-Interest Income		 100 47 21 118 114 25 -54 -360 -451 -464 -651
Other Service Charges		 59 22 14 112 112 134 194 217 239 270 452
Other Non-Interest Income		 39 22 6.43 5.56 2.09 -109 -219 -577 -690 -733 -1,103
Provision for Credit Losses		 27 54 68 101 248 143 36 1.25 2.15 16 6.24
Total Non-Interest Expense		 122 74 87 92 126 146 190 237 226 263 397
Salaries and Employee Benefits		 20 24 23 23 26 29 34 43 44 50 70
Marketing Expense		 2.24 4.90 13 12 36 35 57 62 52 56 113
Other Operating Expenses		 59 31 50 37 63 81 98 130 127 154 209
Depreciation Expense		 41 7.48 1.02 0.99 1.14 1.25 1.49 2.18 2.56 2.72 5.81
Nonoperating Income / (Expense), net		 - - - - - 3.40 4.20 0.81 0.63 1.49 0.04
Income Tax Expense		 1.83 -6.02 -6.38 -4.13 5.55 20 42 15 27 28 39
Preferred Stock Dividends Declared		 - - - 0.00 1.15 17 22 25 25 24 10
Net Income / (Loss) Attributable to Noncontrolling Interest		 -0.01 -0.01 -0.09 -0.24 -0.23 -0.20 -0.11 -0.99 -0.89 -1.19 -1.60
Basic Earnings per Share		 $0.12 ($0.46) ($2.93) $0.56 $1.74 $5.32 $10.32 $7.55 $5.35 $5.92 $7.40
Weighted Average Basic Shares Outstanding		 13.90M 13.95M 15.36M 15.96M 15.92M 16.42M 14.88M 14.45M 14.61M 15.12M 14.92M
Diluted Earnings per Share		 $0.12 ($0.46) ($2.93) $0.56 $1.66 $3.95 $7.56 $5.83 $4.24 $4.77 $5.96
Weighted Average Diluted Shares Outstanding		 13.90M 13.95M 15.36M 15.96M 15.92M 16.42M 14.88M 14.45M 14.61M 15.12M 14.92M
Weighted Average Basic & Diluted Shares Outstanding		 13.90M 13.95M 15.36M 15.96M 15.92M 16.42M 14.88M 14.45M 14.61M 15.12M 14.92M

Quarterly Income Statements for Atlanticus

This table shows Atlanticus' income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025
Period end date 6/30/2023 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025
Net Income / (Loss) Attributable to Common Shareholders		 19 19 20 20 18 23 26 28 28 23 33
Consolidated Net Income / (Loss)		 25 25 26 26 24 29 31 31 30 25 35
Net Income / (Loss) Continuing Operations		 25 25 26 26 24 29 31 31 30 25 35
Total Pre-Tax Income 		32 32 31 33 29 37 40 41 40 32 46
Total Revenue		 89 89 92 96 91 105 124 119 123 143 178
Net Interest Income / (Expense)		 204 207 204 207 218 230 225 219 246 296 453
Total Interest Income		 228 235 237 242 256 272 269 267 300 372 578
Loans and Leases Interest Income		 220 225 225 230 242 255 252 248 276 341 538
Other Interest Income		 7.84 10 12 12 14 17 18 19 23 31 40
Total Interest Expense		 24 28 33 35 38 42 45 48 54 75 125
Long-Term Debt Interest Expense		 24 28 33 35 38 42 45 48 54 75 125
Total Non-Interest Income		 -115 -118 -112 -111 -127 -125 -101 -100 -122 -153 -275
Other Service Charges		 63 60 72 48 60 79 84 78 94 124 156
Other Non-Interest Income		 -178 -178 -184 -159 -186 -204 -184 -178 -217 -277 -431
Provision for Credit Losses		 0.31 0.54 0.60 2.94 1.75 4.63 7.05 1.07 1.38 1.55 2.24
Total Non-Interest Expense		 56 56 61 61 61 63 78 77 82 108 130
Salaries and Employee Benefits		 11 11 11 13 12 12 13 16 13 18 22
Marketing Expense		 14 13 15 10 14 15 17 20 25 35 33
Other Operating Expenses		 31 32 34 36 35 35 47 41 43 53 72
Depreciation Expense		 0.64 0.65 0.65 0.65 0.65 0.66 0.75 0.80 0.89 1.49 2.64
Nonoperating Income / (Expense), net		 0.09 -0.01 0.49 0.53 0.38 0.27 0.31 0.29 0.34 -0.62 0.02
Income Tax Expense		 7.20 6.79 4.43 7.00 4.48 8.10 8.90 9.75 9.86 7.89 12
Preferred Stock Dividends Declared		 6.29 6.34 6.34 6.29 6.31 6.32 5.01 3.57 2.22 2.31 2.31
Net Income / (Loss) Attributable to Noncontrolling Interest		 -0.28 -0.27 -0.03 -0.35 -0.15 -0.35 -0.33 -0.40 -0.28 -0.39 -0.53
Basic Earnings per Share		 $1.30 $1.30 $1.37 $1.35 $1.22 $1.58 $1.77 $1.85 $1.87 $1.50 $2.18
Weighted Average Basic Shares Outstanding		 14.43M 14.59M 14.61M 14.79M 14.74M 14.74M 15.12M 15.13M 15.13M 15.14M 14.92M
Diluted Earnings per Share		 $1.02 $1.03 $1.11 $1.09 $0.99 $1.27 $1.42 $1.49 $1.51 $1.21 $1.75
Weighted Average Diluted Shares Outstanding		 14.43M 14.59M 14.61M 14.79M 14.74M 14.74M 15.12M 15.13M 15.13M 15.14M 14.92M
Weighted Average Basic & Diluted Shares Outstanding		 14.43M 14.59M 14.61M 14.79M 14.74M 14.74M 15.12M 15.13M 15.13M 15.14M 14.92M

Annual Cash Flow Statements for Atlanticus

This table details how cash moves in and out of Atlanticus' business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Net Change in Cash & Equivalents		 11 25 -22 71 35 83 248 -73 -50 116 268
Net Cash From Operating Activities		 0.86 39 -26 43 100 213 212 348 459 469 638
Net Cash From Continuing Operating Activities		 0.86 39 -26 144 100 213 212 348 459 465 632
Net Income / (Loss) Continuing Operations		 1.71 -6.34 -41 7.61 26 94 178 135 102 110 121
Consolidated Net Income / (Loss)		 1.71 -6.34 -41 7.61 26 94 178 135 102 110 121
Provision For Loan Losses		 27 54 78 100 248 143 36 1.25 2.15 16 6.24
Depreciation Expense		 41 7.48 1.02 0.99 7.69 7.95 2.49 4.85 4.04 5.19 9.90
Amortization Expense		 -40 -41 -58 -72 -112 -105 -161 -132 -16 -14 -8.77
Non-Cash Adjustments to Reconcile Net Income		 -24 2.18 -9.09 1.29 -17 -9.38 22 21 -84 -113 -158
Changes in Operating Assets and Liabilities, net		 -3.33 23 2.56 5.13 -54 82 135 318 451 460 662
Net Cash From Investing Activities		 15 -76 -80 -135 -434 -293 -475 -682 -672 -747 -1,512
Net Cash From Continuing Investing Activities		 15 -76 -80 1,084 -434 -293 -475 -682 -672 -747 -1,512
Purchase of Property, Leasehold Improvements and Equipment		 -0.88 -0.35 -0.40 -1.38 -0.25 -0.75 - -4.85 -3.99 -1.79 -5.02
Purchase of Investment Securities		 -271 -381 -467 -608 -1,099 -1,331 -2,026 -2,546 -2,516 -2,629 -4,509
Sale and/or Maturity of Investments		 276 296 383 472 664 1,039 1,550 1,869 1,848 1,884 3,002
Other Investing Activities, net		 11 9.42 3.64 2.35 1.52 - 0.56 - 0.00 0.00 0.00
Net Cash From Financing Activities		 -3.57 63 85 162 369 162 510 261 163 394 1,142
Net Cash From Continuing Financing Activities		 -3.56 63 85 1,102 369 162 510 261 163 394 1,142
Issuance of Debt		 165 242 325 632 873 588 1,066 681 955 1,029 3,935
Issuance of Preferred Equity		 - - - 0.00 40 0.00 75 0.44 1.12 1.08 6.25
Issuance of Common Equity		 - - - - - - - - 0.00 7.07 12
Repayment of Debt		 -168 -178 -240 -470 -592 -460 -586 -310 -754 -566 -2,731
Repurchase of Common Equity		 -0.26 -0.95 -0.39 -0.72 -2.52 -3.35 -25 -89 -18 -53 -70
Payment of Dividends		 -0.00 - - - 0.00 -14 -22 -25 -25 -26 -12
Other Financing Activities, Net		 0.01 0.00 0.01 0.05 50 51 2.27 3.85 3.41 0.89 1.70
Cash Interest Paid		 18 19 25 33 46 47 48 75 99 146 268
Cash Income Taxes Paid		 1.12 0.44 0.26 4.75 0.02 0.33 20 4.25 1.47 0.23 1.03

Quarterly Cash Flow Statements for Atlanticus

This table details how cash moves in and out of Atlanticus' business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025
Period end date 6/30/2023 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025
Net Change in Cash & Equivalents		 -40 5.62 -16 99 -75 -22 115 -38 22 43 241
Net Cash From Operating Activities		 108 117 133 119 116 112 123 132 133 107 266
Net Cash From Continuing Operating Activities		 108 117 133 119 116 112 121 131 131 110 260
Net Income / (Loss) Continuing Operations		 25 25 26 26 24 29 31 31 30 25 35
Consolidated Net Income / (Loss)		 25 25 26 26 24 29 31 31 30 25 35
Provision For Loan Losses		 0.31 0.54 0.60 2.94 1.75 4.63 7.05 1.07 1.38 1.55 2.24
Depreciation Expense		 0.85 1.09 1.26 1.25 1.25 1.28 1.40 1.60 1.69 2.49 4.12
Amortization Expense		 -47 67 -3.67 -4.04 -46 64 -3.11 -3.13 -2.19 -1.39 -2.06
Non-Cash Adjustments to Reconcile Net Income		 0.85 404 -490 -17 0.30 456 -569 -24 -53 631 -713
Changes in Operating Assets and Liabilities, net		 128 -381 598 110 134 -443 654 124 152 -549 934
Net Cash From Investing Activities		 -188 -220 -211 -68 -197 -306 -176 -115 -406 -507 -485
Net Cash From Continuing Investing Activities		 -188 -220 -211 -68 -197 -306 -176 -115 -406 -507 -485
Purchase of Investment Securities		 -647 -672 -652 -560 -678 -764 -627 -621 -929 -1,207 -1,753
Sale and/or Maturity of Investments		 460 449 445 492 481 458 452 509 525 695 1,273
Net Cash From Financing Activities		 40 108 62 47 6.43 171 168 -55 295 442 460
Net Cash From Continuing Financing Activities		 40 108 62 47 6.43 171 168 -55 295 442 460
Issuance of Debt		 197 420 283 162 317 275 276 300 620 930 2,085
Issuance of Preferred Equity		 0.04 0.01 - 1.07 - - 0.01 0.31 3.16 2.30 0.48
Repayment of Debt		 -148 -299 -212 -109 -303 -70 -85 -311 -324 -488 -1,608
Repurchase of Common Equity		 -2.99 -9.40 -3.31 -0.54 -1.27 -26 -25 -51 -1.92 -0.03 -16
Payment of Dividends		 -6.18 -6.22 -6.26 -6.26 -6.24 -7.24 -6.00 -5.62 -2.21 -2.30 -2.30
Other Financing Activities, Net		 0.04 3.03 0.32 -0.15 0.05 0.03 0.96 0.41 0.07 0.16 1.06
Cash Interest Paid		 22 25 29 33 32 40 41 43 47 73 105
Cash Income Taxes Paid		 0.40 1.25 -0.22 -0.04 0.22 0.01 0.04 0.04 0.80 -0.14 0.34

Annual Balance Sheets for Atlanticus

This table presents Atlanticus' assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Total Assets		 281 363 426 583 936 1,207 1,944 2,388 2,706 3,271 7,623
Cash and Due from Banks		 51 76 41 61 135 178 410 385 339 375 621
Restricted Cash		 21 17 29 81 41 81 97 48 44 124 146
Loans and Leases, Net of Allowance		 169 601 294 664 726 920 384 1,922 2,174 2,630 6,648
Loans and Leases		 169 601 294 418 726 920 384 1,923 2,174 2,630 6,648
Premises and Equipment, Net		 5.69 3.83 3.23 3.63 2.74 2.24 7.34 10 11 11 13
Intangible Assets		 - - - - - - - - - 0.00 30
Other Assets		 24 35 53 16 29 24 1,046 23 138 130 165
Total Liabilities & Shareholders' Equity		 281 363 426 583 936 1,207 1,944 2,388 2,706 3,271 7,623
Total Liabilities		 270 357 462 605 847 991 1,517 1,923 2,174 2,691 6,979
Other Short-Term Payables		 52 87 116 106 - 42 42 - - 72 285
Long-Term Debt		 196 254 337 499 777 910 1,422 1,798 2,006 2,481 6,517
Other Long-Term Liabilities		 22 16 9.13 0.25 70 40 53 125 168 138 177
Commitments & Contingencies		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Redeemable Noncontrolling Interest		 - - - 0.00 89 139 140 140 140 90 40
Total Equity & Noncontrolling Interests		 11 5.78 -36 -22 0.34 77 287 325 392 489 604
Total Preferred & Common Equity		 11 5.79 -36 -22 0.91 77 288 326 395 493 609
Preferred Stock		 - - - - - 0.00 0.00 0.00 0.00 0.00 0.00
Total Common Equity		 11 5.79 -36 -22 0.91 77 288 326 395 493 609
Common Stock		 211 212 213 213 213 195 228 122 87 98 102
Retained Earnings		 -200 -206 -247 -239 -212 -118 60 204 307 395 506
Noncontrolling Interest		 -0.01 -0.01 -0.09 -0.34 -0.57 -0.77 -0.50 -1.37 -2.26 -3.54 -4.87

Quarterly Balance Sheets for Atlanticus

This table presents Atlanticus' assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric Q2 2022 Q3 2022 Q1 2023 Q2 2023 Q3 2023 Q1 2024 Q2 2024 Q3 2024 Q1 2025 Q2 2025 Q3 2025
Period end date 6/30/2022 9/30/2022 3/31/2023 6/30/2023 9/30/2023 3/31/2024 6/30/2024 9/30/2024 3/31/2025 6/30/2025 9/30/2025
Total Assets		 2,116 2,252 2,375 2,455 2,597 2,787 2,837 3,040 3,272 3,643 7,080
Cash and Due from Banks		 316 353 390 343 356 445 351 309 350 329 425
Restricted Cash		 50 34 45 52 44 37 56 76 111 154 101
Loans and Leases, Net of Allowance		 1,703 1,817 0.00 1,916 2,050 2,151 0.00 2,512 2,669 3,005 6,350
Loans and Leases		 1,703 1,817 - 1,916 2,050 2,151 - 2,512 2,669 3,005 6,350
Premises and Equipment, Net		 6.79 7.00 12 13 12 11 10 9.68 12 14 13
Intangible Assets		 - - - - - - - - - - 32
Other Assets		 40 41 1,929 132 135 143 2,420 134 130 142 158
Total Liabilities & Shareholders' Equity		 2,116 2,252 2,375 2,455 2,597 2,787 2,837 3,040 3,272 3,643 7,080
Total Liabilities		 1,687 1,806 1,891 1,953 2,082 2,234 2,266 2,471 2,703 3,044 6,455
Other Short-Term Payables		 47 43 - 47 48 59 - - - - 253
Long-Term Debt		 1,573 1,688 1,759 1,810 1,932 2,062 2,079 2,286 2,474 2,774 6,035
Other Long-Term Liabilities		 67 75 131 96 102 113 187 184 229 270 167
Commitments & Contingencies		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Redeemable Noncontrolling Interest		 140 140 140 140 140 140 140 115 40 40 40
Total Equity & Noncontrolling Interests		 289 306 345 361 375 413 431 454 529 559 585
Total Preferred & Common Equity		 290 307 346 363 377 416 434 458 533 563 589
Preferred Stock		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Common Equity		 290 307 346 363 377 416 434 458 533 563 589
Common Stock		 142 127 116 108 96 89 89 89 110 112 116
Retained Earnings		 148 180 231 256 281 327 345 368 423 451 474
Noncontrolling Interest		 -0.98 -1.18 -1.69 -1.96 -2.23 -2.75 -2.91 -3.26 -3.86 -4.15 -4.54

Annual Metrics And Ratios for Atlanticus

This table displays calculated financial ratios and metrics derived from Atlanticus' official financial filings.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
DEI Shares Outstanding		 - - - - - - - - - - 15,141,530.00
DEI Adjusted Shares Outstanding		 - - - - - - - - - - 15,141,530.00
DEI Earnings Per Adjusted Shares Outstanding		 - - - - - - - - - - 7.97
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 -10.26% -23.98% 17.22% 78.70% 67.99% -1.63% 10.41% -12.31% -7.97% 16.83% 35.33%
EBITDA Growth		 -50.16% -1,317.59% -64.59% 70.28% -219.86% 119.68% 300.89% -62.86% 445.26% 11.21% 24.88%
EBIT Growth		 112.95% -449.53% -58.22% 349.91% -34.99% 249.43% 94.05% -31.07% -13.83% 7.16% 16.48%
NOPAT Growth		 108.93% -606.99% -282.41% 123.01% 244.32% 247.67% 91.38% -23.23% -24.22% 7.36% 10.70%
Net Income Growth		 -76.72% -471.69% -544.57% 118.62% 244.32% 258.33% 89.30% -24.29% -24.26% 8.00% 9.54%
EPS Growth		 -76.47% -483.33% -536.96% 119.11% 196.43% 137.95% 91.39% -22.88% -27.27% 12.50% 24.95%
Operating Cash Flow Growth		 104.17% 4,415.63% -167.85% 261.90% 133.25% 112.81% -0.17% 63.69% 32.13% 2.20% 35.91%
Free Cash Flow Firm Growth		 -88.73% -2,622.61% -19.13% -127.93% -116.25% 53.81% -226.58% 49.01% 37.58% -136.24% -864.58%
Invested Capital Growth		 -0.36% 25.79% 15.67% 58.47% 81.83% 29.91% 64.24% 22.38% 12.20% 20.54% 134.00%
Revenue Q/Q Growth		 -6.45% -2.51% 17.24% 90.98% -14.29% -2.21% 8.69% -10.34% 2.73% 8.41% 10.57%
EBITDA Q/Q Growth		 -66.48% -32.79% 10.86% 81.39% -182.84% 121.72% 39.46% -54.87% 26.29% 2,781.92% 6.92%
EBIT Q/Q Growth		 312.49% -50.21% 43.89% 193.85% -82.10% 130.06% 18.27% -18.12% 0.68% 7.32% 4.34%
NOPAT Q/Q Growth		 -95.64% -50.21% -54.04% 131.97% -34.91% 30.85% 16.48% -16.20% 2.55% 4.69% 3.30%
Net Income Q/Q Growth		 -95.64% -0.25% -65.99% 119.04% -50.65% 34.86% 15.01% -16.27% 2.60% 4.46% 3.11%
EPS Q/Q Growth		 -95.70% -2.22% -64.61% 123.33% -48.45% 35.74% 15.24% -16.24% 2.66% 6.95% 5.86%
Operating Cash Flow Q/Q Growth		 109.30% 19.17% -1,253.38% 366.09% -12.88% 19.85% 3.92% 9.11% 7.16% -2.10% 29.06%
Free Cash Flow Firm Q/Q Growth		 -94.47% -48.41% 10.96% -126.00% -23.68% 20.43% -95.77% 51.37% 18.37% -35.51% -7.94%
Invested Capital Q/Q Growth		 0.48% 7.57% -0.79% 34.72% 25.93% 16.18% 32.16% 6.02% 3.74% 7.17% 7.53%
Profitability Metrics		 - - - - - - - - - - -
EBITDA Margin		 2.50% -40.09% -56.29% -9.36% -17.82% 3.57% 12.95% 5.48% 32.49% 30.93% 28.54%
EBIT Margin		 2.33% -10.69% -14.44% 20.19% 7.81% 27.75% 48.78% 38.34% 35.90% 32.93% 28.34%
Profit (Net Income) Margin		 1.12% -5.49% -30.18% 3.15% 6.45% 23.48% 40.26% 34.77% 28.61% 26.45% 21.41%
Tax Burden Percent		 48.26% 51.32% 86.50% 218.61% 82.52% 82.10% 80.97% 90.18% 79.31% 79.45% 75.52%
Interest Burden Percent		 100.00% 100.00% 241.69% 7.13% 100.00% 103.07% 101.95% 100.54% 100.49% 101.09% 100.02%
Effective Tax Rate		 51.74% 0.00% 0.00% -118.61% 17.48% 17.90% 19.03% 9.82% 20.69% 20.55% 24.48%
Return on Invested Capital (ROIC)		 0.82% -3.71% -11.80% 1.96% 3.90% 9.15% 11.72% 6.51% 4.23% 3.89% 2.36%
ROIC Less NNEP Spread (ROIC-NNEP)		 0.82% -2.68% -14.43% 1.96% 3.90% 9.48% 12.02% 6.56% 4.25% 3.94% 2.36%
Return on Net Nonoperating Assets (RNNOA)		 17.73% -72.11% 281.13% -28.09% 74.04% 52.39% 43.57% 23.67% 16.21% 15.91% 17.36%
Return on Equity (ROE)		 18.55% -75.81% 269.34% -26.13% 77.94% 61.54% 55.30% 30.18% 20.44% 19.80% 19.72%
Cash Return on Invested Capital (CROIC)		 1.19% -26.55% -26.32% -43.29% -54.17% -16.87% -36.90% -13.61% -7.28% -14.74% -77.88%
Operating Return on Assets (OROA)		 1.29% -3.84% -4.96% 9.69% 4.18% 10.36% 13.67% 6.85% 5.02% 4.59% 2.93%
Return on Assets (ROA)		 0.62% -1.97% -10.37% 1.51% 3.45% 8.76% 11.28% 6.22% 4.00% 3.68% 2.21%
Return on Common Equity (ROCE)		 18.56% -75.89% 268.41% -25.94% -24.20% 15.76% 31.41% 20.78% 14.77% 15.81% 17.76%
Return on Equity Simple (ROE_SIMPLE)		 15.57% -109.57% 113.43% -34.93% 2,892.94% 121.52% 61.73% 41.24% 25.83% 22.34% 19.81%
Net Operating Profit after Tax (NOPAT)		 1.71 -8.65 -33 7.61 26 91 174 134 101 109 121
NOPAT Margin		 1.12% -7.49% -24.42% 3.15% 6.45% 22.79% 39.49% 34.58% 28.47% 26.16% 21.40%
Net Nonoperating Expense Percent (NNEP)		 0.00% -1.03% 2.64% 0.00% 0.00% -0.33% -0.29% -0.05% -0.03% -0.05% 0.00%
SG&A Expenses to Revenue		 14.51% 31.19% 26.45% 22.37% 15.40% 16.03% 20.53% 27.24% 27.03% 25.54% 32.45%
Operating Expenses to Revenue		 80.17% 64.20% 64.11% 38.12% 31.09% 36.56% 42.97% 61.33% 63.49% 63.14% 70.55%
Earnings before Interest and Taxes (EBIT)		 3.54 -12 -20 49 32 111 215 148 128 137 160
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 3.80 -46 -76 -23 -72 14 57 21 116 129 161
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 4.05 6.83 0.00 0.00 157.82 5.09 3.74 1.16 1.43 1.67 1.67
Price to Tangible Book Value (P/TBV)		 4.05 6.83 0.00 0.00 157.82 5.09 3.74 1.16 1.43 1.67 1.75
Price to Revenue (P/Rev)		 0.29 0.34 0.25 0.23 0.35 0.98 2.44 0.98 1.58 1.97 1.80
Price to Earnings (P/E)		 25.92 0.00 0.00 7.12 5.65 5.10 6.92 3.42 7.26 9.41 9.07
Dividend Yield		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Earnings Yield		 3.86% 0.00% 0.00% 14.04% 17.69% 19.60% 14.45% 29.20% 13.76% 10.63% 11.03%
Enterprise Value to Invested Capital (EV/IC)		 0.81 0.77 0.99 0.87 0.96 1.05 1.15 0.83 0.92 0.94 0.95
Enterprise Value to Revenue (EV/Rev)		 1.10 1.74 2.21 1.70 2.05 2.96 4.83 4.86 6.52 6.94 12.07
Enterprise Value to EBITDA (EV/EBITDA)		 44.09 0.00 0.00 0.00 0.00 82.94 37.27 88.61 20.08 22.44 42.28
Enterprise Value to EBIT (EV/EBIT)		 47.45 0.00 0.00 8.44 26.20 10.66 9.89 12.67 18.17 21.08 42.58
Enterprise Value to NOPAT (EV/NOPAT)		 98.32 0.00 0.00 54.19 31.75 12.98 12.22 14.05 22.91 26.53 56.38
Enterprise Value to Operating Cash Flow (EV/OCF)		 194.14 5.14 0.00 9.62 8.33 5.56 10.03 5.41 5.06 6.16 10.66
Enterprise Value to Free Cash Flow (EV/FCFF)		 68.30 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 17.88 44.01 -9.32 -22.54 8.70 4.22 3.33 3.87 3.77 4.28 10.12
Long-Term Debt to Equity		 17.88 44.01 -9.32 -22.54 8.70 4.22 3.33 3.87 3.77 4.28 10.12
Financial Leverage		 21.52 26.90 -19.48 -14.34 18.97 5.53 3.63 3.61 3.81 4.04 7.36
Leverage Ratio		 29.85 38.46 -25.97 -17.31 22.58 7.02 4.90 4.86 5.11 5.38 8.91
Compound Leverage Factor		 29.85 38.46 -62.76 -1.23 22.58 7.24 5.00 4.88 5.13 5.43 8.91
Debt to Total Capital		 94.70% 97.78% 112.01% 104.64% 89.69% 80.83% 76.90% 79.45% 79.02% 81.07% 91.01%
Short-Term Debt to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Long-Term Debt to Total Capital		 94.70% 97.78% 112.01% 104.64% 89.69% 80.83% 76.90% 79.45% 79.02% 81.07% 91.01%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 0.00% 0.00% -0.03% -0.07% 10.21% 12.31% 7.53% 6.12% 5.44% 2.83% 0.49%
Common Equity to Total Capital		 5.30% 2.23% -11.98% -4.57% 0.10% 6.87% 15.58% 14.43% 15.55% 16.11% 8.50%
Debt to EBITDA		 51.46 -5.49 -4.42 -22.01 -10.73 63.81 24.87 84.67 17.33 19.27 40.53
Net Debt to EBITDA		 32.43 -3.48 -3.49 -15.75 -8.29 45.65 16.01 64.26 14.01 15.39 35.76
Long-Term Debt to EBITDA		 51.46 -5.49 -4.42 -22.01 -10.73 63.81 24.87 84.67 17.33 19.27 40.53
Debt to NOPAT		 114.74 -29.39 -10.19 65.52 29.65 9.99 8.15 13.43 19.77 22.78 54.05
Net Debt to NOPAT		 72.30 -18.62 -8.04 46.88 22.92 7.14 5.25 10.19 15.99 18.19 47.69
Long-Term Debt to NOPAT		 114.74 -29.39 -10.19 65.52 29.65 9.99 8.15 13.43 19.77 22.78 54.05
Noncontrolling Interest Sharing Ratio		 -0.04% -0.11% 0.34% 0.74% 131.05% 74.38% 43.19% 31.13% 27.72% 20.18% 9.94%
Liquidity Ratios		 - - - - - - - - - - -
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 2.46 -62 -74 -168 -364 -168 -549 -280 -175 -413 -3,980
Operating Cash Flow to CapEx		 97.74% 11,179.08% -6,701.27% 3,098.77% 39,985.20% 28,402.40% 0.00% 7,164.67% 11,505.94% 26,238.40% 12,698.31%
Free Cash Flow to Firm to Interest Expense		 0.13 -3.07 0.00 -4.56 -7.17 -3.26 -10.14 -3.42 -1.60 -2.58 -13.18
Operating Cash Flow to Interest Expense		 0.05 1.93 0.00 1.16 1.97 4.13 3.92 4.25 4.20 2.93 2.11
Operating Cash Flow Less CapEx to Interest Expense		 0.00 1.91 0.00 1.12 1.97 4.11 3.94 4.19 4.16 2.92 2.10
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 0.55 0.36 0.34 0.48 0.54 0.37 0.28 0.18 0.14 0.14 0.10
Fixed Asset Turnover		 23.89 24.28 38.38 70.62 127.79 160.67 92.23 44.64 33.21 37.91 48.76
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 207 260 301 477 867 1,126 1,849 2,263 2,539 3,060 7,161
Invested Capital Turnover		 0.73 0.50 0.48 0.62 0.61 0.40 0.30 0.19 0.15 0.15 0.11
Increase / (Decrease) in Invested Capital		 -0.75 53 41 176 390 259 723 414 276 522 4,101
Enterprise Value (EV)		 168 201 299 412 832 1,183 2,131 1,882 2,325 2,890 6,799
Market Capitalization		 44 40 33 56 143 393 1,076 378 564 822 1,014
Book Value per Share		 $0.79 $0.42 ($2.60) ($1.42) $0.06 $4.84 $19.08 $22.60 $27.06 $33.44 $40.20
Tangible Book Value per Share		 $0.79 $0.42 ($2.60) ($1.42) $0.06 $4.84 $19.08 $22.60 $27.06 $33.44 $38.20
Total Capital		 207 260 301 477 867 1,126 1,849 2,263 2,539 3,060 7,161
Total Debt		 196 254 337 499 777 910 1,422 1,798 2,006 2,481 6,517
Total Long-Term Debt		 196 254 337 499 777 910 1,422 1,798 2,006 2,481 6,517
Net Debt		 123 161 266 357 601 651 915 1,364 1,622 1,981 5,750
Capital Expenditures (CapEx)		 0.88 0.35 0.40 1.38 0.25 0.75 -1.10 4.85 3.99 1.79 5.02
Net Nonoperating Expense (NNE)		 0.00 -2.31 7.80 0.00 0.00 -2.79 -3.40 -0.73 -0.50 -1.18 -0.03
Net Nonoperating Obligations (NNO)		 196 254 337 499 777 910 1,422 1,798 2,006 2,481 6,517
Total Depreciation and Amortization (D&A)		 0.27 -34 -57 -72 -104 -97 -158 -127 -12 -8.33 1.12
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $0.12 ($0.46) ($2.93) $0.56 $1.74 $5.32 $10.32 $0.00 $5.35 $5.92 $7.40
Adjusted Weighted Average Basic Shares Outstanding		 13.90M 13.95M 15.36M 15.96M 15.92M 16.42M 14.88M 0.00 14.61M 15.12M 14.92M
Adjusted Diluted Earnings per Share		 $0.12 ($0.46) ($2.93) $0.56 $1.66 $3.95 $7.56 $0.00 $4.24 $4.77 $5.96
Adjusted Weighted Average Diluted Shares Outstanding		 13.90M 13.95M 15.36M 15.96M 15.92M 16.42M 14.88M 0.00 14.61M 15.12M 14.92M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 13.90M 13.95M 15.36M 15.96M 15.92M 16.42M 14.88M 0.00 14.61M 15.12M 14.92M
Normalized Net Operating Profit after Tax (NOPAT)		 2.47 -8.65 -33 2.44 26 91 174 134 101 109 121
Normalized NOPAT Margin		 1.63% -7.49% -24.42% 1.01% 6.45% 22.79% 39.49% 34.58% 28.47% 26.16% 21.40%
Pre Tax Income Margin		 2.33% -10.69% -34.89% 1.44% 7.81% 28.60% 49.73% 38.55% 36.08% 33.29% 28.35%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 0.19 -0.61 0.00 1.32 0.63 2.15 3.98 1.81 1.17 0.86 0.53
NOPAT to Interest Expense		 0.09 -0.43 0.00 0.21 0.52 1.77 3.22 1.64 0.93 0.68 0.40
EBIT Less CapEx to Interest Expense		 0.14 -0.63 0.00 1.29 0.62 2.14 4.00 1.75 1.13 0.84 0.51
NOPAT Less CapEx to Interest Expense		 0.04 -0.45 0.00 0.17 0.51 1.75 3.24 1.58 0.89 0.67 0.38
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 0.12% 0.00% 0.00% 0.00% 0.00% 14.44% 12.27% 18.42% 24.43% 23.38% 10.31%
Augmented Payout Ratio		 15.30% -14.97% -0.95% 9.50% 9.60% 18.01% 26.45% 84.54% 41.77% 71.22% 67.99%

Quarterly Metrics And Ratios for Atlanticus

This table displays calculated financial ratios and metrics derived from Atlanticus' official financial filings.

Metric Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025
Period end date 6/30/2023 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025
DEI Shares Outstanding		 - - - - - - - - - - 15,141,530.00
DEI Adjusted Shares Outstanding		 - - - - - - - - - - 15,141,530.00
DEI Earnings Per Adjusted Shares Outstanding		 - - - - - - - - - - 2.29
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 -14.96% -4.26% 11.46% 10.37% 3.08% 17.95% 35.14% 24.03% 34.90% 36.53% 43.37%
EBITDA Growth		 -621.98% 7,393.04% 652.34% 126.96% -14.97% 2.16% 36.17% 32.36% 50.01% -2.87% 27.48%
EBIT Growth		 -24.53% -19.04% 2.94% -5.10% -11.61% 16.53% 30.94% 25.66% 41.04% -10.59% 16.78%
NOPAT Growth		 -26.37% -22.68% 10.73% -1.74% -3.81% 16.01% 18.88% 21.65% 26.16% -13.54% 12.56%
Net Income Growth		 -26.58% -22.85% 10.90% -0.29% -2.77% 16.88% 17.88% 20.54% 25.54% -15.76% 11.75%
EPS Growth		 -30.14% -26.95% 11.00% 0.93% -2.94% 23.30% 27.93% 36.70% 52.53% -4.72% 23.24%
Operating Cash Flow Growth		 50.42% 25.61% 30.08% 16.81% 6.99% -3.85% -7.59% 10.75% 14.74% -4.37% 117.17%
Free Cash Flow Firm Growth		 55.17% 59.04% 35.89% 12.06% -10.81% -31.83% -96.12% -14.88% -120.20% -895.62% -728.44%
Invested Capital Growth		 15.44% 14.66% 12.20% 16.53% 14.66% 16.69% 20.54% 16.37% 27.31% 133.21% 134.00%
Revenue Q/Q Growth		 2.05% 0.09% 3.52% 4.39% -4.69% 14.52% 18.60% -4.19% 3.66% 15.90% 24.54%
EBITDA Q/Q Growth		 -725.83% 793.36% -72.23% -9.65% -417.02% 716.11% -62.99% 3.15% 0.65% -12.98% 41.11%
EBIT Q/Q Growth		 -6.16% -0.51% -4.88% 6.86% -12.60% 31.16% 6.88% 2.56% -1.90% -16.85% 39.60%
NOPAT Q/Q Growth		 -4.27% 0.93% 3.51% -1.75% -6.28% 21.73% 6.06% 0.54% -2.81% -16.57% 38.08%
Net Income Q/Q Growth		 -4.17% 0.64% 5.21% -1.73% -6.55% 20.98% 6.11% 0.49% -2.67% -18.82% 40.76%
EPS Q/Q Growth		 -5.56% 0.98% 7.77% -1.80% -9.17% 28.28% 11.81% 4.93% 1.34% -19.87% 44.63%
Operating Cash Flow Q/Q Growth		 6.28% 8.12% 13.52% -10.46% -2.65% -2.84% 9.11% 7.32% 0.85% -19.02% 147.79%
Free Cash Flow Firm Q/Q Growth		 27.67% -1.29% 13.08% -38.11% 8.86% -20.49% -29.31% 19.10% -74.68% -444.79% -7.60%
Invested Capital Q/Q Growth		 2.98% 5.89% 3.74% 3.01% 1.33% 7.77% 7.17% -0.56% 10.86% 97.41% 7.53%
Profitability Metrics		 - - - - - - - - - - -
EBITDA Margin		 -16.28% 112.75% 30.25% 5.46% -18.15% 97.66% 30.48% 32.81% 31.86% 23.92% 27.10%
EBIT Margin		 35.99% 35.78% 32.87% 33.66% 30.86% 35.35% 31.85% 34.10% 32.27% 23.15% 25.95%
Profit (Net Income) Margin		 27.97% 28.13% 28.59% 26.91% 26.39% 27.87% 24.94% 26.15% 24.55% 17.20% 19.44%
Tax Burden Percent		 77.51% 78.64% 85.57% 78.67% 84.35% 78.28% 77.69% 76.15% 75.45% 75.70% 74.88%
Interest Burden Percent		 100.27% 99.98% 101.62% 101.65% 101.35% 100.73% 100.77% 100.72% 100.86% 98.14% 100.04%
Effective Tax Rate		 22.49% 21.36% 14.43% 21.33% 15.65% 21.72% 22.31% 23.85% 24.55% 24.30% 25.12%
Return on Invested Capital (ROIC)		 4.54% 4.26% 4.18% 3.98% 3.86% 4.01% 3.68% 4.03% 3.81% 1.88% 2.14%
ROIC Less NNEP Spread (ROIC-NNEP)		 4.54% 4.26% 4.20% 4.00% 3.88% 4.02% 3.69% 4.04% 3.82% 1.87% 2.14%
Return on Net Nonoperating Assets (RNNOA)		 16.51% 16.05% 16.00% 14.73% 14.06% 15.63% 14.89% 16.34% 15.84% 13.00% 15.76%
Return on Equity (ROE)		 21.05% 20.31% 20.18% 18.71% 17.92% 19.64% 18.57% 20.37% 19.65% 14.88% 17.90%
Cash Return on Invested Capital (CROIC)		 -9.40% -9.34% -7.28% -11.12% -9.63% -11.48% -14.74% -11.08% -20.02% -77.50% -77.88%
Operating Return on Assets (OROA)		 5.52% 5.12% 4.60% 4.76% 4.29% 4.82% 4.44% 4.94% 4.69% 2.33% 2.68%
Return on Assets (ROA)		 4.29% 4.02% 4.00% 3.81% 3.67% 3.80% 3.47% 3.79% 3.57% 1.73% 2.01%
Return on Common Equity (ROCE)		 14.78% 14.46% 14.58% 13.74% 13.32% 15.12% 14.82% 17.22% 16.74% 13.04% 16.12%
Return on Equity Simple (ROE_SIMPLE)		 29.38% 26.37% 0.00% 24.49% 23.33% 23.03% 0.00% 21.66% 21.58% 19.85% 0.00%
Net Operating Profit after Tax (NOPAT)		 25 25 26 25 24 29 31 31 30 25 35
NOPAT Margin		 27.90% 28.13% 28.13% 26.48% 26.03% 27.67% 24.74% 25.97% 24.34% 17.52% 19.43%
Net Nonoperating Expense Percent (NNEP)		 0.00% 0.00% -0.02% -0.02% -0.02% -0.01% -0.01% -0.01% -0.01% 0.01% 0.00%
SG&A Expenses to Revenue		 28.31% 26.99% 28.55% 24.74% 27.94% 25.92% 24.07% 30.12% 31.07% 37.42% 30.98%
Operating Expenses to Revenue		 63.66% 63.62% 66.47% 63.28% 67.23% 60.23% 62.48% 65.01% 66.61% 75.77% 72.80%
Earnings before Interest and Taxes (EBIT)		 32 32 30 32 28 37 40 41 40 33 46
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 -14 100 28 5.24 -17 102 38 39 39 34 48
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 1.67 1.16 1.43 1.04 0.96 1.13 1.67 1.45 1.47 1.50 1.67
Price to Tangible Book Value (P/TBV)		 1.67 1.16 1.43 1.04 0.96 1.13 1.67 1.45 1.47 1.59 1.75
Price to Revenue (P/Rev)		 1.73 1.26 1.58 1.18 1.13 1.35 1.97 1.76 1.76 1.74 1.80
Price to Earnings (P/E)		 7.34 5.80 7.26 5.58 5.43 6.38 9.41 8.10 7.83 8.42 9.07
Dividend Yield		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Earnings Yield		 13.62% 17.23% 13.76% 17.93% 18.40% 15.67% 10.63% 12.34% 12.78% 11.88% 11.03%
Enterprise Value to Invested Capital (EV/IC)		 0.94 0.86 0.92 0.82 0.84 0.89 0.94 0.93 0.94 0.97 0.95
Enterprise Value to Revenue (EV/Rev)		 6.16 6.08 6.52 5.88 6.05 6.59 6.94 6.42 6.69 12.62 12.07
Enterprise Value to EBITDA (EV/EBITDA)		 0.00 22.99 20.08 0.00 0.00 0.00 22.44 20.41 20.84 42.76 42.28
Enterprise Value to EBIT (EV/EBIT)		 16.06 16.59 18.17 17.03 18.17 19.81 21.08 19.41 20.10 42.02 42.58
Enterprise Value to NOPAT (EV/NOPAT)		 20.34 21.31 22.91 21.28 22.25 24.32 26.53 24.66 26.15 55.09 56.38
Enterprise Value to Operating Cash Flow (EV/OCF)		 5.34 4.92 5.06 4.51 4.60 5.28 6.16 5.85 6.32 13.01 10.66
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 3.61 3.75 3.77 3.72 3.64 4.02 4.28 4.35 4.63 9.66 10.12
Long-Term Debt to Equity		 3.61 3.75 3.77 3.72 3.64 4.02 4.28 4.35 4.63 9.66 10.12
Financial Leverage		 3.64 3.77 3.81 3.68 3.62 3.89 4.04 4.04 4.15 6.97 7.36
Leverage Ratio		 4.91 5.05 5.11 4.97 4.93 5.20 5.38 5.40 5.54 8.47 8.91
Compound Leverage Factor		 4.93 5.05 5.19 5.05 5.00 5.24 5.42 5.44 5.58 8.32 8.91
Debt to Total Capital		 78.30% 78.97% 79.02% 78.83% 78.44% 80.06% 81.07% 81.31% 82.24% 90.62% 91.01%
Short-Term Debt to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Long-Term Debt to Total Capital		 78.30% 78.97% 79.02% 78.83% 78.44% 80.06% 81.07% 81.31% 82.24% 90.62% 91.01%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 5.98% 5.64% 5.44% 5.26% 5.19% 3.91% 2.83% 1.19% 1.06% 0.53% 0.49%
Common Equity to Total Capital		 15.72% 15.40% 15.55% 15.91% 16.37% 16.03% 16.11% 17.51% 16.70% 8.85% 8.50%
Debt to EBITDA		 -254.87 21.08 17.33 -429.40 -298.56 -476.21 19.27 17.89 18.32 40.13 40.53
Net Debt to EBITDA		 -199.32 16.72 14.01 -328.94 -240.08 -396.08 15.39 14.55 15.13 36.63 35.76
Long-Term Debt to EBITDA		 -254.87 21.08 17.33 -429.40 -298.56 -476.21 19.27 17.89 18.32 40.13 40.53
Debt to NOPAT		 17.03 19.53 19.77 20.41 20.78 21.97 22.78 21.62 23.00 51.70 54.05
Net Debt to NOPAT		 13.32 15.49 15.99 15.64 16.71 18.28 18.19 17.59 18.99 47.20 47.69
Long-Term Debt to NOPAT		 17.03 19.53 19.77 20.41 20.78 21.97 22.78 21.62 23.00 51.70 54.05
Noncontrolling Interest Sharing Ratio		 29.76% 28.79% 27.72% 26.57% 25.69% 23.03% 20.18% 15.48% 14.81% 12.32% 9.94%
Liquidity Ratios		 - - - - - - - - - - -
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 -284 -288 -250 -346 -315 -380 -491 -397 -694 -3,779 -4,066
Operating Cash Flow to CapEx		 10,463.60% 0.00% 0.00% 185,618.75% 172,601.49% 0.00% 0.00% 4,911.24% 6,191.69% 0.00% 0.00%
Free Cash Flow to Firm to Interest Expense		 -11.74 -10.18 -7.67 -9.86 -8.30 -8.93 -10.99 -8.35 -12.92 -50.08 -32.47
Operating Cash Flow to Interest Expense		 4.46 4.13 4.07 3.39 3.05 2.64 2.74 2.77 2.47 1.42 2.13
Operating Cash Flow Less CapEx to Interest Expense		 4.42 4.13 4.07 3.39 3.05 2.64 2.74 2.71 2.43 1.42 2.13
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 0.15 0.14 0.14 0.14 0.14 0.14 0.14 0.15 0.15 0.10 0.10
Fixed Asset Turnover		 36.27 36.48 33.21 31.75 32.26 35.41 37.91 37.79 39.39 44.05 48.76
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 2,311 2,447 2,539 2,615 2,650 2,856 3,060 3,043 3,374 6,660 7,161
Invested Capital Turnover		 0.16 0.15 0.15 0.15 0.15 0.14 0.15 0.16 0.16 0.11 0.11
Increase / (Decrease) in Invested Capital		 309 313 276 371 339 409 522 428 724 3,804 4,101
Enterprise Value (EV)		 2,161 2,108 2,325 2,149 2,226 2,531 2,890 2,822 3,155 6,431 6,799
Market Capitalization		 608 437 564 432 417 517 822 773 828 886 1,014
Book Value per Share		 $25.12 $26.11 $27.06 $28.47 $29.33 $31.04 $33.44 $35.22 $37.24 $38.96 $40.20
Tangible Book Value per Share		 $25.12 $26.11 $27.06 $28.47 $29.33 $31.04 $33.44 $35.22 $37.24 $36.86 $38.20
Total Capital		 2,311 2,447 2,539 2,615 2,650 2,856 3,060 3,043 3,374 6,660 7,161
Total Debt		 1,810 1,932 2,006 2,062 2,079 2,286 2,481 2,474 2,774 6,035 6,517
Total Long-Term Debt		 1,810 1,932 2,006 2,062 2,079 2,286 2,481 2,474 2,774 6,035 6,517
Net Debt		 1,415 1,532 1,622 1,579 1,671 1,902 1,981 2,013 2,291 5,509 5,750
Capital Expenditures (CapEx)		 1.03 0.00 0.00 0.06 0.07 0.00 0.00 2.68 2.14 0.00 0.00
Net Nonoperating Expense (NNE)		 -0.07 0.00 -0.42 -0.42 -0.32 -0.21 -0.24 -0.22 -0.26 0.47 -0.01
Net Nonoperating Obligations (NNO)		 1,810 1,932 2,006 2,062 2,079 2,286 2,481 2,474 2,774 6,035 6,517
Total Depreciation and Amortization (D&A)		 -46 68 -2.42 -27 -45 65 -1.71 -1.53 -0.50 1.10 2.06
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $1.30 $1.30 $1.37 $1.35 $1.22 $1.58 $1.77 $1.85 $1.87 $1.50 $2.18
Adjusted Weighted Average Basic Shares Outstanding		 14.43M 14.59M 14.61M 14.79M 14.74M 14.74M 15.12M 15.13M 15.13M 15.14M 14.92M
Adjusted Diluted Earnings per Share		 $1.02 $1.03 $1.11 $1.09 $0.99 $1.27 $1.42 $1.49 $1.51 $1.21 $1.75
Adjusted Weighted Average Diluted Shares Outstanding		 14.43M 14.59M 14.61M 14.79M 14.74M 14.74M 15.12M 15.13M 15.13M 15.14M 14.92M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 14.43M 14.59M 14.61M 14.79M 14.74M 14.74M 15.12M 15.13M 15.13M 15.14M 14.92M
Normalized Net Operating Profit after Tax (NOPAT)		 25 25 26 25 24 29 31 31 30 25 35
Normalized NOPAT Margin		 27.90% 28.13% 28.13% 26.48% 26.03% 27.67% 24.74% 25.97% 24.34% 17.52% 19.43%
Pre Tax Income Margin		 36.09% 35.77% 33.41% 34.21% 31.28% 35.60% 32.10% 34.34% 32.54% 22.72% 25.96%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 1.32 1.12 0.93 0.92 0.74 0.87 0.89 0.85 0.74 0.44 0.37
NOPAT to Interest Expense		 1.02 0.88 0.79 0.72 0.63 0.68 0.69 0.65 0.56 0.33 0.28
EBIT Less CapEx to Interest Expense		 1.28 1.12 0.93 0.92 0.74 0.87 0.89 0.80 0.70 0.44 0.37
NOPAT Less CapEx to Interest Expense		 0.98 0.88 0.79 0.72 0.63 0.68 0.69 0.59 0.52 0.33 0.28
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 23.28% 25.04% 24.43% 24.46% 24.69% 24.66% 23.38% 21.75% 17.33% 13.79% 10.31%
Augmented Payout Ratio		 38.17% 39.50% 41.77% 40.40% 39.04% 54.03% 71.22% 111.33% 102.89% 80.66% 67.99%

Financials Breakdown Chart

Key Financial Trends

Atlanticus Holdings Corp (ATLC) has shown improving profitability in 2025 alongside a growing loan book and stronger cash flow. However, the company also carries a heavy debt load and notable volatility in non-interest income, which are important to watch going forward.

  • Net income and earnings per share in Q4 2025: net income attributable to common shareholders was about $32.83 million, with basic earnings per share of $2.18 and diluted earnings per share of $1.75. This reflects an ongoing earnings trajectory through 2025.
  • Strong net interest income for Q4 2025: net interest income reached approximately $453.05 million, up from about $296.25 million in Q3 2025, signaling improving core lending profitability.
  • Rising total revenue in Q4 2025: total revenue was about $178.07 million, up from $142.98 million in Q3 2025, indicating improvement on the top line.
  • Solid operating cash flow in Q4 2025: net cash from continuing operating activities was about $260.42 million, a strong increase from earlier quarters and a sign of healthy cash generation.
  • Growing loan book: Loans and Leases balance rose to about $6.35 billion by Q3 2025, supporting higher interest income but increasing credit exposure and concentration risk.
  • Debt financing activity: Issuance of debt totaled about $929.84 million in Q3 2025, providing funding for loan growth but adding to leverage concerns.
  • Capitalization movement: Total equity + noncontrolling interests rose to roughly $584.8 million by Q3 2025, improving capitalization though the figure remains modest relative to the loan book size.
  • High leverage risk: Total liabilities were about $6.45 billion in Q3 2025, versus equity around $584.8 million, indicating a very high leverage level that could pose risks if asset quality worsens.
  • Volatility in non-interest income: Other Non-Interest Income swung negative in multiple quarters (e.g., −$276.9 million in Q3 2025 and −$431.1 million in Q4 2025), weighing on revenue quality outside net interest income.
  • Funding and refinancing risk tied to debt growth: The combination of large debt issuance and a rapidly growing loan book increases sensitivity to interest-rate changes and refinancing risk.
05/07/26 12:28 AM ETAI Generated. May Contain Errors.

Frequently Asked Questions About Atlanticus' Financials

When does Atlanticus' financial year end?

According to the most recent income statement we have on file, Atlanticus' fiscal year ends in December. Their fiscal year 2025 ended on December 31, 2025.

How has Atlanticus' net income changed over the last 10 years?

Atlanticus' net income appears to be on an upward trend, with a most recent value of $120.61 million in 2025, rising from $1.71 million in 2015. The previous period was $110.11 million in 2024. See where experts think Atlanticus is headed by visiting Atlanticus' forecast page.

How has Atlanticus' revenue changed over the last 10 years?

Over the last 10 years, Atlanticus' total revenue changed from $151.98 million in 2015 to $563.40 million in 2025, a change of 270.7%.

How much debt does Atlanticus have?

Atlanticus' total liabilities were at $6.98 billion at the end of 2025, a 159.3% increase from 2024, and a 2,487.0% increase since 2015.

How much cash does Atlanticus have?

In the past 10 years, Atlanticus' cash and equivalents has ranged from $41.48 million in 2017 to $621.09 million in 2025, and is currently $621.09 million as of their latest financial filing in 2025.

How has Atlanticus' book value per share changed over the last 10 years?

Over the last 10 years, Atlanticus' book value per share changed from 0.79 in 2015 to 40.20 in 2025, a change of 4,988.7%.


Related Companies

Financial statements for NASDAQ:ATLC last updated on 3/13/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.
From Our Partners
Your book attached
Your Download Link (Expiring) If you still haven't downloaded the free Simple Options Trading For Beginners...
Profits Run | Sponsoredtc pixel
The Iran War Just Broke the Gold Market
The Iran war isn't just a geopolitical event. It's a financial one. Within hours of the strikes, oil surged...
Behind the Markets | Sponsoredtc pixel
BlackRock, JPMorgan, and Goldman are all stock piling the same asset… are you?
BlackRock, JPMorgan, Goldman Sachs, Fidelity, ARK Invest and Andreessen Horowitz are all buying the same asset...
Awesomely, LLC | Sponsoredtc pixel
SpaceX eyes a 1.75 trillion valuation - here's what to know
Elon Musk's team has quietly filed confidential paperwork with the SEC for what Bloomberg estimates could be a...
Brownstone Research | Sponsoredtc pixel
My feud with Zohran Mamdani
Emmy-winning analyst releases his next big story Whitney Tilson shocked the nation on 60 Minutes when he ac...
Stansberry Research | Sponsoredtc pixel
Military ‘Dark Energy’ to Power AI
When it was put inside U.S. tanks, they moved almost silently and produced no smoke. Now, Elon Musk is using t...
Altimetry | Sponsoredtc pixel
Elon's new "super startup"
Adam O'Dell - the analyst who recommended Palantir before it became the top S&P 500 performer - has identified...
Banyan Hill Publishing | Sponsoredtc pixel
Gold surged 600 dollars last time this indicator peaked
The Buffett Indicator has predicted every major gold bull run this century - 2000, 2008, and 2020, when gold s...
Porter & Company | Sponsoredtc pixel