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Atlanticus (ATLCP) Financials

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$24.03 +0.12 (+0.50%)
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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 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026
Period end date 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 3/31/2026 6/30/2026
Net Income / (Loss) Attributable to Common Shareholders		 20 20 18 23 26 28 28 23 33 42 47
Consolidated Net Income / (Loss)		 26 26 24 29 31 31 30 25 35 45 50
Net Income / (Loss) Continuing Operations		 26 26 24 29 31 31 30 25 35 45 50
Total Pre-Tax Income 		31 33 29 37 40 41 40 32 46 59 66
Total Revenue		 92 96 91 105 124 119 123 143 178 191 225
Net Interest Income / (Expense)		 204 207 218 230 225 219 246 296 453 446 470
Total Interest Income		 237 242 256 272 269 267 300 372 578 569 593
Loans and Leases Interest Income		 225 230 242 255 252 248 276 341 538 529 545
Other Interest Income		 12 12 14 17 18 19 23 31 40 40 48
Total Interest Expense		 33 35 38 42 45 48 54 75 125 123 123
Long-Term Debt Interest Expense		 33 35 38 42 45 48 54 75 125 123 123
Total Non-Interest Income		 -112 -111 -127 -125 -101 -100 -122 -153 -275 -255 -245
Other Service Charges		 72 48 60 79 84 78 94 124 156 110 151
Other Non-Interest Income		 -184 -159 -186 -204 -184 -178 -217 -277 -431 -366 -396
Provision for Credit Losses		 0.60 2.94 1.75 4.63 7.05 1.07 1.38 1.55 2.24 1.60 1.04
Total Non-Interest Expense		 61 61 61 63 78 77 82 108 130 131 158
Salaries and Employee Benefits		 11 13 12 12 13 16 13 18 22 29 27
Marketing Expense		 15 10 14 15 17 20 25 35 33 36 48
Other Operating Expenses		 34 36 35 35 47 41 43 53 72 62 79
Depreciation Expense		 0.65 0.65 0.65 0.66 0.75 0.80 0.89 1.49 2.64 3.59 3.59
Nonoperating Income / (Expense), net		 0.49 0.53 0.38 0.27 0.31 0.29 0.34 -0.62 0.02 0.06 0.01
Income Tax Expense		 4.43 7.00 4.48 8.10 8.90 9.75 9.86 7.89 12 14 16
Preferred Stock Dividends Declared		 6.34 6.29 6.31 6.32 5.01 3.57 2.22 2.31 2.31 2.31 2.31
Net Income / (Loss) Attributable to Noncontrolling Interest		 -0.03 -0.35 -0.15 -0.35 -0.33 -0.40 -0.28 -0.39 -0.53 0.40 0.00
Basic Earnings per Share		 $1.37 $1.35 $1.22 $1.58 $1.77 $1.85 $1.87 $1.50 $2.18 $2.80 $3.13
Weighted Average Basic Shares Outstanding		 14.61M 14.79M 14.74M 14.74M 15.12M 15.13M 15.13M 15.14M 14.92M 15.12M 15.17M
Diluted Earnings per Share		 $1.11 $1.09 $0.99 $1.27 $1.42 $1.49 $1.51 $1.21 $1.75 $2.23 $2.50
Weighted Average Diluted Shares Outstanding		 14.61M 14.79M 14.74M 14.74M 15.12M 15.13M 15.13M 15.14M 14.92M 15.12M 15.17M
Weighted Average Basic & Diluted Shares Outstanding		 14.61M 14.79M 14.74M 14.74M 15.12M 15.13M 15.13M 15.14M 14.92M 15.12M 15.17M

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 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026
Period end date 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 3/31/2026 6/30/2026
Net Change in Cash & Equivalents		 -16 99 -75 -22 115 -38 22 43 241 37 -159
Net Cash From Operating Activities		 133 119 116 112 123 132 133 107 266 286 277
Net Cash From Continuing Operating Activities		 133 119 116 112 121 131 131 110 260 286 277
Net Income / (Loss) Continuing Operations		 26 26 24 29 31 31 30 25 35 45 50
Consolidated Net Income / (Loss)		 26 26 24 29 31 31 30 25 35 45 50
Provision For Loan Losses		 0.60 2.94 1.75 4.63 7.05 1.07 1.38 1.55 2.24 1.60 1.04
Depreciation Expense		 1.26 1.25 1.25 1.28 1.40 1.60 1.69 2.49 4.12 5.07 5.08
Amortization Expense		 -3.67 -4.04 -46 64 -3.11 -3.13 -2.19 -1.39 -2.06 -2.31 1.08
Non-Cash Adjustments to Reconcile Net Income		 -490 -17 0.30 456 -569 -24 -53 631 -713 339 361
Changes in Operating Assets and Liabilities, net		 598 110 134 -443 654 124 152 -549 934 -102 -141
Net Cash From Investing Activities		 -211 -68 -197 -306 -176 -115 -406 -507 -485 -51 -369
Net Cash From Continuing Investing Activities		 -211 -68 -197 -306 -176 -115 -406 -507 -485 -51 -369
Purchase of Investment Securities		 -652 -560 -678 -764 -627 -621 -929 -1,207 -1,753 -1,364 -1,695
Sale and/or Maturity of Investments		 445 492 481 458 452 509 525 695 1,273 1,313 1,326
Net Cash From Financing Activities		 62 47 6.43 171 168 -55 295 442 460 -198 -67
Net Cash From Continuing Financing Activities		 62 47 6.43 171 168 -55 295 442 460 -198 -67
Issuance of Debt		 283 162 317 275 276 300 620 930 2,085 544 1,528
Repayment of Debt		 -212 -109 -303 -70 -85 -311 -324 -488 -1,608 -737 -1,595
Repurchase of Common Equity		 -3.31 -0.54 -1.27 -26 -25 -51 -1.92 -0.03 -16 -3.83 -0.06
Payment of Dividends		 -6.26 -6.26 -6.24 -7.24 -6.00 -5.62 -2.21 -2.30 -2.30 -2.31 -2.31
Other Financing Activities, Net		 0.32 -0.15 0.05 0.03 0.96 0.41 0.07 0.16 1.06 0.30 3.34
Cash Interest Paid		 29 33 32 40 41 43 47 73 105 135 104
Cash Income Taxes Paid		 -0.22 -0.04 0.22 0.01 0.04 0.04 0.80 -0.14 0.34 -2.05 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 Q1 2023 Q2 2023 Q3 2023 Q1 2024 Q2 2024 Q3 2024 Q1 2025 Q2 2025 Q3 2025 Q1 2026 Q2 2026
Period end date 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 3/31/2026 6/30/2026
Total Assets		 2,375 2,455 2,597 2,787 2,837 3,040 3,272 3,643 7,080 7,465 7,492
Cash and Due from Banks		 390 343 356 445 351 309 350 329 425 651 555
Restricted Cash		 45 52 44 37 56 76 111 154 101 153 90
Loans and Leases, Net of Allowance		 0.00 1,916 2,050 2,151 0.00 2,512 2,669 3,005 6,350 6,452 6,659
Loans and Leases		 - 1,916 2,050 2,151 - 2,512 2,669 3,005 6,350 6,452 6,659
Premises and Equipment, Net		 12 13 12 11 10 9.68 12 14 13 12 11
Intangible Assets		 - - - - - - - - 32 28 25
Other Assets		 1,929 132 135 143 2,420 134 130 142 158 169 152
Total Liabilities & Shareholders' Equity		 2,375 2,455 2,597 2,787 2,837 3,040 3,272 3,643 7,080 7,465 7,492
Total Liabilities		 1,891 1,953 2,082 2,234 2,266 2,471 2,703 3,044 6,455 6,781 6,754
Other Short-Term Payables		 - 47 48 59 - - - - 253 258 275
Long-Term Debt		 1,759 1,810 1,932 2,062 2,079 2,286 2,474 2,774 6,035 6,330 6,271
Other Long-Term Liabilities		 131 96 102 113 187 184 229 270 167 193 208
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		 140 140 140 140 140 115 40 40 40 40 40
Total Equity & Noncontrolling Interests		 345 361 375 413 431 454 529 559 585 644 697
Total Preferred & Common Equity		 346 363 377 416 434 458 533 563 589 648 702
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		 346 363 377 416 434 458 533 563 589 648 702
Common Stock		 116 108 96 89 89 89 110 112 116 100 106
Retained Earnings		 231 256 281 327 345 368 423 451 474 548 596
Noncontrolling Interest		 -1.69 -1.96 -2.23 -2.75 -2.91 -3.26 -3.86 -4.15 -4.54 -4.47 -4.40

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 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026
Period end date 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 3/31/2026 6/30/2026
DEI Shares Outstanding		 - - - - - - - - 15,141,530.00 14,919,417.00 15,117,997.00
DEI Adjusted Shares Outstanding		 - - - - - - - - 15,141,530.00 14,919,417.00 15,117,997.00
DEI Earnings Per Adjusted Shares Outstanding		 - - - - - - - - 2.29 2.99 3.29
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 11.46% 10.37% 3.08% 17.95% 35.14% 24.03% 34.90% 36.53% 43.37% 60.72% 82.07%
EBITDA Growth		 652.34% 126.96% -14.97% 2.16% 36.17% 32.36% 50.01% -2.87% 27.48% 57.64% 83.59%
EBIT Growth		 2.94% -5.10% -11.61% 16.53% 30.94% 25.66% 41.04% -10.59% 16.78% 44.90% 65.81%
NOPAT Growth		 10.73% -1.74% -3.81% 16.01% 18.88% 21.65% 26.16% -13.54% 12.56% 44.13% 65.54%
Net Income Growth		 10.90% -0.29% -2.77% 16.88% 17.88% 20.54% 25.54% -15.76% 11.75% 43.23% 64.15%
EPS Growth		 11.00% 0.93% -2.94% 23.30% 27.93% 36.70% 52.53% -4.72% 23.24% 49.66% 65.56%
Operating Cash Flow Growth		 30.08% 16.81% 6.99% -3.85% -7.59% 10.75% 14.74% -4.37% 117.17% 117.63% 108.71%
Free Cash Flow Firm Growth		 35.89% 12.06% -10.81% -31.83% -96.12% -14.88% -120.20% -895.62% -728.44% -888.69% -416.84%
Invested Capital Growth		 12.20% 16.53% 14.66% 16.69% 20.54% 16.37% 27.31% 133.21% 134.00% 130.48% 107.75%
Revenue Q/Q Growth		 3.52% 4.39% -4.69% 14.52% 18.60% -4.19% 3.66% 15.90% 24.54% 7.40% 17.44%
EBITDA Q/Q Growth		 -72.23% -9.65% -417.02% 716.11% -62.99% 3.15% 0.65% -12.98% 41.11% 27.55% 17.22%
EBIT Q/Q Growth		 -4.88% 6.86% -12.60% 31.16% 6.88% 2.56% -1.90% -16.85% 39.60% 27.25% 12.25%
NOPAT Q/Q Growth		 3.51% -1.75% -6.28% 21.73% 6.06% 0.54% -2.81% -16.57% 38.08% 28.73% 11.63%
Net Income Q/Q Growth		 5.21% -1.73% -6.55% 20.98% 6.11% 0.49% -2.67% -18.82% 40.76% 28.80% 11.54%
EPS Q/Q Growth		 7.77% -1.80% -9.17% 28.28% 11.81% 4.93% 1.34% -19.87% 44.63% 27.43% 12.11%
Operating Cash Flow Q/Q Growth		 13.52% -10.46% -2.65% -2.84% 9.11% 7.32% 0.85% -19.02% 147.79% 7.55% -3.29%
Free Cash Flow Firm Q/Q Growth		 13.08% -38.11% 8.86% -20.49% -29.31% 19.10% -74.68% -444.79% -7.60% 3.45% 8.68%
Invested Capital Q/Q Growth		 3.74% 3.01% 1.33% 7.77% 7.17% -0.56% 10.86% 97.41% 7.53% -2.06% -0.08%
Profitability Metrics		 - - - - - - - - - - -
EBITDA Margin		 30.25% 5.46% -18.15% 97.66% 30.48% 32.81% 31.86% 23.92% 27.10% 32.18% 32.12%
EBIT Margin		 32.87% 33.66% 30.86% 35.35% 31.85% 34.10% 32.27% 23.15% 25.95% 30.74% 29.38%
Profit (Net Income) Margin		 28.59% 26.91% 26.39% 27.87% 24.94% 26.15% 24.55% 17.20% 19.44% 23.31% 22.14%
Tax Burden Percent		 85.57% 78.67% 84.35% 78.28% 77.69% 76.15% 75.45% 75.70% 74.88% 75.75% 75.33%
Interest Burden Percent		 101.62% 101.65% 101.35% 100.73% 100.77% 100.72% 100.86% 98.14% 100.04% 100.09% 100.01%
Effective Tax Rate		 14.43% 21.33% 15.65% 21.72% 22.31% 23.85% 24.55% 24.30% 25.12% 24.25% 24.67%
Return on Invested Capital (ROIC)		 4.18% 3.98% 3.86% 4.01% 3.68% 4.03% 3.81% 1.88% 2.14% 2.94% 3.14%
ROIC Less NNEP Spread (ROIC-NNEP)		 4.20% 4.00% 3.88% 4.02% 3.69% 4.04% 3.82% 1.87% 2.14% 2.94% 3.14%
Return on Net Nonoperating Assets (RNNOA)		 16.00% 14.73% 14.06% 15.63% 14.89% 16.34% 15.84% 13.00% 15.76% 20.69% 21.26%
Return on Equity (ROE)		 20.18% 18.71% 17.92% 19.64% 18.57% 20.37% 19.65% 14.88% 17.90% 23.64% 24.41%
Cash Return on Invested Capital (CROIC)		 -7.28% -11.12% -9.63% -11.48% -14.74% -11.08% -20.02% -77.50% -77.88% -76.29% -67.06%
Operating Return on Assets (OROA)		 4.60% 4.76% 4.29% 4.82% 4.44% 4.94% 4.69% 2.33% 2.68% 3.64% 3.89%
Return on Assets (ROA)		 4.00% 3.81% 3.67% 3.80% 3.47% 3.79% 3.57% 1.73% 2.01% 2.76% 2.93%
Return on Common Equity (ROCE)		 14.58% 13.74% 13.32% 15.12% 14.82% 17.22% 16.74% 13.04% 16.12% 22.28% 23.10%
Return on Equity Simple (ROE_SIMPLE)		 0.00% 24.49% 23.33% 23.03% 0.00% 21.66% 21.58% 19.85% 0.00% 20.68% 21.87%
Net Operating Profit after Tax (NOPAT)		 26 25 24 29 31 31 30 25 35 45 50
NOPAT Margin		 28.13% 26.48% 26.03% 27.67% 24.74% 25.97% 24.34% 17.52% 19.43% 23.29% 22.13%
Net Nonoperating Expense Percent (NNEP)		 -0.02% -0.02% -0.02% -0.01% -0.01% -0.01% -0.01% 0.01% 0.00% 0.00% 0.00%
SG&A Expenses to Revenue		 28.55% 24.74% 27.94% 25.92% 24.07% 30.12% 31.07% 37.42% 30.98% 34.05% 33.56%
Operating Expenses to Revenue		 66.47% 63.28% 67.23% 60.23% 62.48% 65.01% 66.61% 75.77% 72.80% 68.42% 70.15%
Earnings before Interest and Taxes (EBIT)		 30 32 28 37 40 41 40 33 46 59 66
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 28 5.24 -17 102 38 39 39 34 48 62 72
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 1.43 1.04 0.96 1.13 1.67 1.45 1.47 1.50 1.67 1.21 2.20
Price to Tangible Book Value (P/TBV)		 1.43 1.04 0.96 1.13 1.67 1.45 1.47 1.59 1.75 1.26 2.28
Price to Revenue (P/Rev)		 1.58 1.18 1.13 1.35 1.97 1.76 1.76 1.74 1.80 1.23 2.10
Price to Earnings (P/E)		 7.26 5.58 5.43 6.38 9.41 8.10 7.83 8.42 9.07 6.23 10.68
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		 13.76% 17.93% 18.40% 15.67% 10.63% 12.34% 12.78% 11.88% 11.03% 16.06% 9.37%
Enterprise Value to Invested Capital (EV/IC)		 0.92 0.82 0.84 0.89 0.94 0.93 0.94 0.97 0.95 0.90 1.03
Enterprise Value to Revenue (EV/Rev)		 6.52 5.88 6.05 6.59 6.94 6.42 6.69 12.62 12.07 9.98 9.78
Enterprise Value to EBITDA (EV/EBITDA)		 20.08 0.00 0.00 0.00 22.44 20.41 20.84 42.76 42.28 34.61 33.34
Enterprise Value to EBIT (EV/EBIT)		 18.17 17.03 18.17 19.81 21.08 19.41 20.10 42.02 42.58 35.66 35.31
Enterprise Value to NOPAT (EV/NOPAT)		 22.91 21.28 22.25 24.32 26.53 24.66 26.15 55.09 56.38 47.27 46.83
Enterprise Value to Operating Cash Flow (EV/OCF)		 5.06 4.51 4.60 5.28 6.16 5.85 6.32 13.01 10.66 8.00 7.69
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		 3.77 3.72 3.64 4.02 4.28 4.35 4.63 9.66 10.12 9.25 8.50
Long-Term Debt to Equity		 3.77 3.72 3.64 4.02 4.28 4.35 4.63 9.66 10.12 9.25 8.50
Financial Leverage		 3.81 3.68 3.62 3.89 4.04 4.04 4.15 6.97 7.36 7.03 6.77
Leverage Ratio		 5.11 4.97 4.93 5.20 5.38 5.40 5.54 8.47 8.91 8.57 8.33
Compound Leverage Factor		 5.19 5.05 5.00 5.24 5.42 5.44 5.58 8.32 8.91 8.58 8.33
Debt to Total Capital		 79.02% 78.83% 78.44% 80.06% 81.07% 81.31% 82.24% 90.62% 91.01% 90.25% 89.48%
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		 79.02% 78.83% 78.44% 80.06% 81.07% 81.31% 82.24% 90.62% 91.01% 90.25% 89.48%
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		 5.44% 5.26% 5.19% 3.91% 2.83% 1.19% 1.06% 0.53% 0.49% 0.51% 0.51%
Common Equity to Total Capital		 15.55% 15.91% 16.37% 16.03% 16.11% 17.51% 16.70% 8.85% 8.50% 9.25% 10.01%
Debt to EBITDA		 17.33 -429.40 -298.56 -476.21 19.27 17.89 18.32 40.13 40.53 34.53 29.01
Net Debt to EBITDA		 14.01 -328.94 -240.08 -396.08 15.39 14.55 15.13 36.63 35.76 30.15 26.03
Long-Term Debt to EBITDA		 17.33 -429.40 -298.56 -476.21 19.27 17.89 18.32 40.13 40.53 34.53 29.01
Debt to NOPAT		 19.77 20.41 20.78 21.97 22.78 21.62 23.00 51.70 54.05 47.16 40.75
Net Debt to NOPAT		 15.99 15.64 16.71 18.28 18.19 17.59 18.99 47.20 47.69 41.17 36.56
Long-Term Debt to NOPAT		 19.77 20.41 20.78 21.97 22.78 21.62 23.00 51.70 54.05 47.16 40.75
Noncontrolling Interest Sharing Ratio		 27.72% 26.57% 25.69% 23.03% 20.18% 15.48% 14.81% 12.32% 9.94% 5.72% 5.35%
Liquidity Ratios		 - - - - - - - - - - -
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 -250 -346 -315 -380 -491 -397 -694 -3,779 -4,066 -3,926 -3,585
Operating Cash Flow to CapEx		 0.00% 185,618.75% 172,601.49% 0.00% 0.00% 4,911.24% 6,191.69% 0.00% 0.00% 0.00% 0.00%
Free Cash Flow to Firm to Interest Expense		 -7.67 -9.86 -8.30 -8.93 -10.99 -8.35 -12.92 -50.08 -32.47 -31.98 -29.05
Operating Cash Flow to Interest Expense		 4.07 3.39 3.05 2.64 2.74 2.77 2.47 1.42 2.13 2.33 2.24
Operating Cash Flow Less CapEx to Interest Expense		 4.07 3.39 3.05 2.64 2.74 2.71 2.43 1.42 2.13 2.33 2.24
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 0.14 0.14 0.14 0.14 0.14 0.15 0.15 0.10 0.10 0.12 0.13
Fixed Asset Turnover		 33.21 31.75 32.26 35.41 37.91 37.79 39.39 44.05 48.76 52.48 60.09
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 2,539 2,615 2,650 2,856 3,060 3,043 3,374 6,660 7,161 7,014 7,008
Invested Capital Turnover		 0.15 0.15 0.15 0.14 0.15 0.16 0.16 0.11 0.11 0.13 0.14
Increase / (Decrease) in Invested Capital		 276 371 339 409 522 428 724 3,804 4,101 3,971 3,635
Enterprise Value (EV)		 2,325 2,149 2,226 2,531 2,890 2,822 3,155 6,431 6,799 6,344 7,207
Market Capitalization		 564 432 417 517 822 773 828 886 1,014 783 1,546
Book Value per Share		 $27.06 $28.47 $29.33 $31.04 $33.44 $35.22 $37.24 $38.96 $40.20 $43.46 $46.43
Tangible Book Value per Share		 $27.06 $28.47 $29.33 $31.04 $33.44 $35.22 $37.24 $36.86 $38.20 $41.61 $44.76
Total Capital		 2,539 2,615 2,650 2,856 3,060 3,043 3,374 6,660 7,161 7,014 7,008
Total Debt		 2,006 2,062 2,079 2,286 2,481 2,474 2,774 6,035 6,517 6,330 6,271
Total Long-Term Debt		 2,006 2,062 2,079 2,286 2,481 2,474 2,774 6,035 6,517 6,330 6,271
Net Debt		 1,622 1,579 1,671 1,902 1,981 2,013 2,291 5,509 5,750 5,526 5,626
Capital Expenditures (CapEx)		 0.00 0.06 0.07 0.00 0.00 2.68 2.14 0.00 0.00 0.00 0.00
Net Nonoperating Expense (NNE)		 -0.42 -0.42 -0.32 -0.21 -0.24 -0.22 -0.26 0.47 -0.01 -0.04 -0.01
Net Nonoperating Obligations (NNO)		 2,006 2,062 2,079 2,286 2,481 2,474 2,774 6,035 6,517 6,330 6,271
Total Depreciation and Amortization (D&A)		 -2.42 -27 -45 65 -1.71 -1.53 -0.50 1.10 2.06 2.76 6.15
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $1.37 $1.35 $1.22 $1.58 $1.77 $1.85 $1.87 $1.50 $2.18 $2.80 $3.13
Adjusted Weighted Average Basic Shares Outstanding		 14.61M 14.79M 14.74M 14.74M 15.12M 15.13M 15.13M 15.14M 14.92M 15.12M 15.17M
Adjusted Diluted Earnings per Share		 $1.11 $1.09 $0.99 $1.27 $1.42 $1.49 $1.51 $1.21 $1.75 $2.23 $2.50
Adjusted Weighted Average Diluted Shares Outstanding		 14.61M 14.79M 14.74M 14.74M 15.12M 15.13M 15.13M 15.14M 14.92M 15.12M 15.17M
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		 14.61M 14.79M 14.74M 14.74M 15.12M 15.13M 15.13M 15.14M 14.92M 15.12M 15.17M
Normalized Net Operating Profit after Tax (NOPAT)		 26 25 24 29 31 31 30 25 35 45 50
Normalized NOPAT Margin		 28.13% 26.48% 26.03% 27.67% 24.74% 25.97% 24.34% 17.52% 19.43% 23.29% 22.13%
Pre Tax Income Margin		 33.41% 34.21% 31.28% 35.60% 32.10% 34.34% 32.54% 22.72% 25.96% 30.77% 29.39%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 0.93 0.92 0.74 0.87 0.89 0.85 0.74 0.44 0.37 0.48 0.53
NOPAT to Interest Expense		 0.79 0.72 0.63 0.68 0.69 0.65 0.56 0.33 0.28 0.36 0.40
EBIT Less CapEx to Interest Expense		 0.93 0.92 0.74 0.87 0.89 0.80 0.70 0.44 0.37 0.48 0.53
NOPAT Less CapEx to Interest Expense		 0.79 0.72 0.63 0.68 0.69 0.59 0.52 0.33 0.28 0.36 0.40
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 24.43% 24.46% 24.69% 24.66% 23.38% 21.75% 17.33% 13.79% 10.31% 6.80% 6.01%
Augmented Payout Ratio		 41.77% 40.40% 39.04% 54.03% 71.22% 111.33% 102.89% 80.66% 67.99% 23.33% 19.23%

Financials Breakdown Chart

Key Financial Trends

Atlanticus Holdings (NASDAQ: ATLC) continued to expand rapidly in the second quarter of 2026, but the growth came with a much larger balance sheet and increased dependence on debt financing. The company’s latest results show strong operating momentum, improving earnings and substantial loan growth, while liquidity and leverage remain important risks for investors to monitor.

  • Loan growth remained substantial. Loans and leases reached $6.66 billion at June 30, 2026, up from $3.00 billion a year earlier and $6.45 billion at the end of the first quarter. This expanding receivables base supports future interest income and service-fee generation.
  • Interest income and net interest income nearly doubled year over year. Total interest income rose to $593.4 million in Q2 2026 from $299.5 million in Q2 2025, while net interest income increased 91% to $470.0 million. The company’s net interest spread remained a major earnings driver despite higher interest expense.
  • Profitability improved across the reported periods. Consolidated net income increased to $49.7 million from $30.3 million year over year. Net income attributable to common shareholders rose 67% to $47.4 million, and diluted EPS increased to $2.50 from $1.51.
  • Second-quarter results improved sequentially. Compared with Q1 2026, total revenue rose from $191.2 million to $224.6 million, net income increased from $44.6 million to $49.7 million, and diluted EPS advanced from $2.23 to $2.50.
  • Operating cash flow was strong. Cash flow from operating activities totaled $276.9 million in Q2 2026, up from $286.3 million in Q1 and more than double the $132.7 million recorded in Q2 2025. This provided meaningful internal funding for the company’s lending and investment activities.
  • Credit-loss provisions remained modest relative to the loan portfolio. The provision for credit losses fell to $1.0 million in Q2 from $1.6 million in Q1 and $1.4 million in Q2 2025. This supported earnings, although investors should evaluate whether provisions remain adequate as the portfolio continues to grow.
  • Common equity and retained earnings continued to build. Total common equity increased to $701.9 million from $648.4 million at the end of Q1 and $563.3 million a year earlier. Retained earnings reached $595.7 million, reflecting the company’s sustained profitability.
  • Non-interest income remains volatile and difficult to assess. Service-charge income rose to $150.9 million in Q2 2026, but other non-interest income was a negative $396.3 million. As a result, total non-interest income remained negative at $245.4 million, although the loss was slightly smaller than in Q1 and Q2 2025.
  • Balance-sheet leverage increased materially over the longer term. Long-term debt reached $6.27 billion, compared with $2.77 billion in Q2 2025 and $1.57 billion in Q2 2022. Debt growth has helped fund loan expansion, but it also increases sensitivity to borrowing costs, refinancing conditions and credit losses.
  • Cash balances declined sharply during Q2. Cash and due from banks fell to $555.2 million from $651.1 million at the end of Q1, while restricted cash declined to $90.0 million from $152.9 million. Total cash and restricted cash decreased by approximately $159 million during the quarter, primarily as investing activity exceeded operating cash generation.

Atlanticus has shown a clear multi-year growth trend. From Q2 2022 to Q2 2026, loans and leases increased from $1.70 billion to $6.66 billion, total assets rose from $2.12 billion to $7.49 billion, and quarterly interest income grew from $204.0 million to $593.4 million. Quarterly net income also increased from $34.0 million in Q2 2022 to $49.7 million in Q2 2026, although earnings have been affected by volatile non-interest income and restatements in portions of the historical data.

The main investment question is whether Atlanticus can continue converting rapid loan growth into sustainable earnings while maintaining adequate liquidity and controlling funding costs. The company’s improving EPS, strong operating cash flow and growing equity base are constructive, but the substantial rise in debt and the decline in unrestricted cash make asset quality, funding access and credit-loss trends especially important for shareholders.

09/18/26 10:31 AM ETAI Generated. May Contain Errors.

Atlanticus Financials - Frequently Asked Questions

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.

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.

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%.

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.

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.

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%.


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Financial statements for NASDAQ:ATLCP last updated on 8/6/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.
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