What is Jernigan Capital's operating income?

Jernigan Capital's total operating income in 2025 was $316.50 million, based on the following breakdown: Total Gross Profit: $610.93 million Total Operating Expenses: $294.43 million

Jernigan Capital (JCAP) Financials

$19.06 -0.48 (-2.46%)

As of 07/20/2026 04:00 PM Eastern

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Annual Income Statements for Jernigan Capital

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

Metric	2023	2024	2025
Period end date	12/31/2023	12/31/2024	12/31/2025
Net Income / (Loss) Attributable to Common Shareholders	112	129	188
Consolidated Net Income / (Loss)	112	129	188
Net Income / (Loss) Continuing Operations	112	129	188
Total Pre-Tax Income	121	138	218
Total Operating Income	164	220	316
Total Gross Profit	320	430	611
Total Revenue	323	433	613
Operating Revenue	323	433	613
Total Cost of Revenue	3.52	3.50	2.36
Other Cost of Revenue	3.52	3.50	2.36
Total Operating Expenses	155	210	294
Selling, General & Admin Expense	15	28	37
Depreciation Expense	2.37	2.61	5.25
Other Operating Expenses / (Income)	138	179	252
Total Other Income / (Expense), net	-43	-83	-98
Interest Expense	48	77	106
Other Income / (Expense), net	4.64	-5.47	7.73
Income Tax Expense	9.05	8.66	30
Net Income / (Loss) Attributable to Noncontrolling Interest	0.02	0.00	0.00
Basic Earnings per Share	$0.00	$0.00	$5.64
Weighted Average Basic Shares Outstanding	0.00	0.00	30.02M
Diluted Earnings per Share	$0.00	$0.00	$5.64
Weighted Average Diluted Shares Outstanding	0.00	0.00	30.02M
Weighted Average Basic & Diluted Shares Outstanding	-	-	55.33M
Cash Dividends to Common per Share	-	-	$0.98

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

Metric	Q2 2024	Q3 2024	Q1 2025	Q2 2025	Q3 2025	Q1 2026
Period end date	6/30/2024	9/30/2024	3/31/2025	6/30/2025	9/30/2025	3/31/2026
Net Income / (Loss) Attributable to Common Shareholders	32	37	64	48	38	38
Consolidated Net Income / (Loss)	32	37	64	48	38	38
Net Income / (Loss) Continuing Operations	32	37	64	48	38	38
Total Pre-Tax Income	34	39	67	62	46	51
Total Operating Income	55	59	89	87	70	80
Total Gross Profit	103	110	154	152	150	176
Total Revenue	104	111	155	153	151	176
Operating Revenue	104	111	155	153	151	176
Total Cost of Revenue	0.98	0.87	0.54	0.56	0.57	0.62
Other Cost of Revenue	0.98	0.87	0.54	0.56	0.57	0.62
Total Operating Expenses	48	50	65	66	80	96
Selling, General & Admin Expense	4.01	3.95	6.71	14	7.96	6.81
Depreciation Expense	0.56	0.55	1.61	1.25	1.35	0.87
Other Operating Expenses / (Income)	43	46	57	50	71	88
Total Other Income / (Expense), net	-21	-20	-22	-25	-25	-29
Interest Expense	18	20	25	26	26	31
Other Income / (Expense), net	-2.88	-0.44	2.46	1.09	1.94	1.45
Income Tax Expense	1.90	2.36	2.68	14	7.15	13
Basic Earnings per Share	$0.00	$0.00	$0.00	$18.61	$0.59	$0.61
Weighted Average Basic Shares Outstanding	0.00	0.00	0.00	2.56M	58.28M	55.59M
Diluted Earnings per Share	$0.00	$0.00	$0.00	$16.76	$0.59	$0.61
Weighted Average Diluted Shares Outstanding	0.00	0.00	0.00	2.84M	58.28M	55.59M
Weighted Average Basic & Diluted Shares Outstanding	-	-	-	58.27M	58.29M	55.42M
Cash Dividends to Common per Share	-	-	-	$0.25	$0.24	$0.24

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

Metric	2023	2024	2025
Period end date	12/31/2023	12/31/2024	12/31/2025
Net Change in Cash & Equivalents	5.45	18	9.31
Net Cash From Operating Activities	120	168	269
Net Cash From Continuing Operating Activities	121	168	269
Net Income / (Loss) Continuing Operations	112	129	188
Consolidated Net Income / (Loss)	112	129	188
Depreciation Expense	2.37	2.61	5.25
Amortization Expense	2.91	4.25	6.22
Non-Cash Adjustments To Reconcile Net Income	3.52	3.50	20
Changes in Operating Assets and Liabilities, net	0.63	29	50
Net Cash From Investing Activities	-403	-542	-402
Net Cash From Continuing Investing Activities	-402	-542	-402
Purchase of Property, Plant & Equipment	-	-6.21	-1.09
Acquisitions	-5.60	0.00	0.00
Purchase of Investments	-566	-754	-859
Other Investing Activities, net	170	218	458
Net Cash From Financing Activities	290	389	150
Net Cash From Continuing Financing Activities	290	389	150
Repayment of Debt	-334	-658	-985
Payment of Dividends	-31	-36	-63
Issuance of Debt	655	1,082	1,188
Issuance of Common Equity	0.00	0.00	10
Other Net Changes in Cash	-	2.98	-7.26
Cash Interest Paid	45	58	96
Cash Income Taxes Paid	9.05	8.67	8.43

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

Metric	Q3 2024	Q4 2024	Q1 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2024	12/31/2024	3/31/2025	9/30/2025	12/31/2025	3/31/2026
Net Change in Cash & Equivalents	7.89	17	-7.84	-9.43	1.48	-1.94
Net Cash From Operating Activities	7.71	77	52	63	75	40
Net Cash From Continuing Operating Activities	7.71	77	52	63	75	40
Net Income / (Loss) Continuing Operations	37	27	64	38	38	38
Consolidated Net Income / (Loss)	37	27	64	38	38	38
Depreciation Expense	0.55	0.93	1.61	1.35	1.05	0.87
Amortization Expense	1.09	1.11	1.12	1.52	2.21	1.64
Non-Cash Adjustments To Reconcile Net Income	0.87	0.86	0.89	9.42	9.06	9.15
Changes in Operating Assets and Liabilities, net	-32	47	-16	12	25	-9.66
Net Cash From Investing Activities	-80	-299	-56	-55	-280	-4.02
Net Cash From Continuing Investing Activities	-80	-299	-56	-55	-280	-4.02
Purchase of Property, Plant & Equipment	-0.12	-5.76	-	-0.11	-0.44	0.00
Purchase of Investments	-131	-365	-181	-158	-387	-155
Other Investing Activities, net	52	72	125	103	107	151
Net Cash From Financing Activities	80	236	-0.46	-16	209	-36
Net Cash From Continuing Financing Activities	80	236	-0.46	-16	209	-36
Repayment of Debt	-81	-83	-159	-0.41	-282	-290
Repurchase of Common Equity	-	-	0.00	-	-	-59
Payment of Dividends	-20	-16	-16	-16	-16	0.00
Issuance of Debt	181	335	175	-	506	313
Other Net Changes in Cash	0.38	2.48	-	-2.03	-1.97	-1.55
Cash Interest Paid	35	6.08	38	30	22	29
Cash Income Taxes Paid	2.36	2.48	2.70	2.08	1.60	2.33

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

Metric	2024	2025
Period end date	12/31/2024	12/31/2025
Total Assets	1,654	2,087
Total Current Assets	52	35
Cash & Equivalents	36	23
Accounts Receivable	17	12
Plant, Property, & Equipment, net	2.27	1.70
Total Noncurrent Assets	1,600	2,050
Noncurrent Note & Lease Receivables	1,515	1,945
Goodwill	58	58
Intangible Assets	10	6.54
Other Noncurrent Operating Assets	17	41
Total Liabilities & Shareholders' Equity	1,654	2,087
Total Liabilities	1,272	1,611
Total Current Liabilities	70	96
Accounts Payable	70	95
Current Deferred & Payable Income Tax Liabilities	0.00	0.86
Total Noncurrent Liabilities	1,202	1,515
Long-Term Debt	1,195	1,409
Noncurrent Deferred & Payable Income Tax Liabilities	2.19	102
Other Noncurrent Operating Liabilities	4.86	4.18
Total Equity & Noncontrolling Interests	383	476
Total Preferred & Common Equity	383	476
Total Common Equity	383	476
Common Stock	0.00	-50
Retained Earnings	398	523
Accumulated Other Comprehensive Income / (Loss)	-16	3.05

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

Metric	Q2 2025	Q3 2025	Q1 2026
Period end date	6/30/2025	9/30/2025	3/31/2026
Total Assets	1,768	1,803	2,084
Total Current Assets	80	60	41
Cash & Equivalents	52	42	26
Accounts Receivable	20	17	15
Plant, Property, & Equipment, net	2.30	1.87	1.49
Total Noncurrent Assets	1,685	1,741	2,041
Noncurrent Note & Lease Receivables	1,606	1,657	1,944
Goodwill	58	58	58
Intangible Assets	8.16	7.27	5.87
Other Noncurrent Operating Assets	13	19	33
Total Liabilities & Shareholders' Equity	1,768	1,803	2,084
Total Liabilities	1,357	1,366	1,641
Total Current Liabilities	76	80	91
Accounts Payable	76	78	90
Current Deferred & Payable Income Tax Liabilities	-	1.25	0.93
Total Noncurrent Liabilities	1,280	1,286	1,550
Long-Term Debt	1,181	1,183	1,433
Noncurrent Deferred & Payable Income Tax Liabilities	94	99	113
Other Noncurrent Operating Liabilities	4.86	4.57	3.89
Total Equity & Noncontrolling Interests	411	437	443
Total Preferred & Common Equity	411	437	443
Total Common Equity	411	437	443
Common Stock	-69	-61	-41
Retained Earnings	478	500	487
Accumulated Other Comprehensive Income / (Loss)	2.72	-2.30	-2.66

This table displays calculated financial ratios and metrics derived from Jernigan Capital's official financial filings.

Metric	2023	2024	2025
Period end date	12/31/2023	12/31/2024	12/31/2025
DEI Shares Outstanding	0.00	0.00	58,290,473.00
DEI Adjusted Shares Outstanding	0.00	0.00	58,290,473.00
DEI Earnings Per Adjusted Shares Outstanding	0.00	0.00	3.22
Growth Metrics	-	-	-
Profitability Metrics	-	-	-
Net Operating Profit after Tax (NOPAT)	152	206	272
Return On Investment Capital (ROIC_SIMPLE)	-	13.09%	14.45%
Earnings before Interest and Taxes (EBIT)	169	215	324
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	174	222	336
Valuation Ratios	-	-	-
Leverage & Solvency	-	-	-
Liquidity Ratios	-	-	-
Cash Flow Metrics	-	-	-
Free Cash Flow to Firm (FCFF)	0.00	-1,335	-48
Efficiency Ratios	-	-	-
Capital & Investment Metrics	-	-	-
Invested Capital	0.00	1,542	1,862
Increase / (Decrease) in Invested Capital	0.00	1,542	320
Book Value per Share	$0.00	$38.25	$8.17
Tangible Book Value per Share	$0.00	$31.46	$7.06
Total Capital	0.00	1,577	1,885
Total Debt	0.00	1,195	1,409
Total Long-Term Debt	0.00	1,195	1,409
Net Debt	0.00	1,159	1,386
Capital Expenditures (CapEx)	0.00	6.21	1.09
Debt-free, Cash-free Net Working Capital (DFCFNWC)	0.00	-53	-84
Debt-free Net Working Capital (DFNWC)	0.00	-18	-61
Net Working Capital (NWC)	0.00	-18	-61
Net Nonoperating Expense (NNE)	40	78	84
Net Nonoperating Obligations (NNO)	0.00	1,159	1,386
Total Depreciation and Amortization (D&A)	5.28	6.86	11
Earnings Adjustments	-	-	-
Adjusted Basic Earnings per Share	$0.00	$0.00	$5.64
Adjusted Weighted Average Basic Shares Outstanding	0.00	0.00	30.02M
Adjusted Diluted Earnings per Share	$0.00	$0.00	$5.64
Adjusted Weighted Average Diluted Shares Outstanding	0.00	0.00	30.02M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	0.00	0.00	55.33M
Normalized Net Operating Profit after Tax (NOPAT)	152	206	272
Debt Service Ratios	-	-	-
Payout Ratios	-	-	-

This table displays calculated financial ratios and metrics derived from Jernigan Capital's official financial filings.

Metric	Q2 2024	Q3 2024	Q1 2025	Q2 2025	Q3 2025	Q1 2026
Period end date	6/30/2024	9/30/2024	3/31/2025	6/30/2025	9/30/2025	3/31/2026
DEI Shares Outstanding	0.00	0.00	0.00	0.00	58,266,307.00	55,329,124.00
DEI Adjusted Shares Outstanding	0.00	0.00	0.00	0.00	58,266,307.00	55,329,124.00
DEI Earnings Per Adjusted Shares Outstanding	0.00	0.00	0.00	0.00	0.66	0.68
Growth Metrics	-	-	-	-	-	-
Revenue Growth	0.00%	0.00%	0.00%	47.11%	36.38%	13.87%
EBITDA Growth	0.00%	0.00%	0.00%	68.44%	23.47%	-10.91%
EBIT Growth	0.00%	0.00%	0.00%	67.85%	22.03%	-11.00%
NOPAT Growth	0.00%	0.00%	0.00%	28.07%	5.68%	-31.03%
Net Income Growth	0.00%	0.00%	0.00%	48.13%	4.02%	-41.40%
EPS Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Cash Flow Growth	0.00%	0.00%	0.00%	0.00%	717.84%	-23.30%
Free Cash Flow Firm Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Invested Capital Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Revenue Q/Q Growth	0.00%	6.55%	0.00%	0.00%	-1.22%	0.00%
EBITDA Q/Q Growth	0.00%	14.77%	0.00%	0.00%	-15.88%	0.00%
EBIT Q/Q Growth	0.00%	12.86%	0.00%	0.00%	-17.95%	0.00%
NOPAT Q/Q Growth	0.00%	7.27%	0.00%	0.00%	-11.48%	0.00%
Net Income Q/Q Growth	0.00%	14.64%	0.00%	0.00%	-19.49%	0.00%
EPS Q/Q Growth	0.00%	0.00%	0.00%	0.00%	-96.48%	0.00%
Operating Cash Flow Q/Q Growth	0.00%	0.00%	-33.19%	0.00%	0.00%	-47.26%
Free Cash Flow Firm Q/Q Growth	0.00%	0.00%	0.00%	0.00%	-3.03%	0.00%
Invested Capital Q/Q Growth	0.00%	0.00%	0.00%	0.00%	2.41%	0.00%
Profitability Metrics	-	-	-	-	-	-
Gross Margin	99.05%	99.22%	99.65%	99.63%	99.62%	99.65%
EBITDA Margin	50.89%	54.82%	60.96%	58.27%	49.62%	47.69%
Operating Margin	53.13%	53.73%	57.61%	56.74%	46.43%	45.45%
EBIT Margin	50.35%	53.33%	59.20%	57.45%	47.72%	46.27%
Profit (Net Income) Margin	30.99%	33.34%	41.45%	31.20%	25.43%	21.33%
Tax Burden Percent	94.43%	94.00%	96.00%	76.97%	84.29%	73.71%
Interest Burden Percent	65.18%	66.51%	72.94%	70.56%	63.23%	62.54%
Effective Tax Rate	5.57%	6.01%	4.00%	23.03%	15.71%	26.29%
Return on Invested Capital (ROIC)	0.00%	0.00%	0.00%	0.00%	0.00%	22.99%
ROIC Less NNEP Spread (ROIC-NNEP)	0.00%	0.00%	0.00%	0.00%	0.00%	19.94%
Return on Net Nonoperating Assets (RNNOA)	0.00%	0.00%	0.00%	0.00%	0.00%	63.34%
Return on Equity (ROE)	0.00%	0.00%	0.00%	0.00%	0.00%	86.33%
Cash Return on Invested Capital (CROIC)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Return on Assets (OROA)	0.00%	0.00%	0.00%	0.00%	0.00%	14.09%
Return on Assets (ROA)	0.00%	0.00%	0.00%	0.00%	0.00%	6.50%
Return on Common Equity (ROCE)	0.00%	0.00%	0.00%	0.00%	0.00%	86.33%
Return on Equity Simple (ROE_SIMPLE)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Net Operating Profit after Tax (NOPAT)	52	56	86	67	59	59
NOPAT Margin	50.16%	50.50%	55.31%	43.67%	39.14%	33.50%
Net Nonoperating Expense Percent (NNEP)	0.00%	0.00%	0.00%	3.37%	3.63%	3.05%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	4.19%	3.64%	3.15%
Cost of Revenue to Revenue	0.95%	0.78%	0.35%	0.37%	0.38%	0.35%
SG&A Expenses to Revenue	3.86%	3.57%	4.33%	9.47%	5.28%	3.86%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	45.93%	45.49%	42.04%	42.90%	53.19%	54.20%
Earnings before Interest and Taxes (EBIT)	52	59	92	88	72	82
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	53	61	94	89	75	84
Valuation Ratios	-	-	-	-	-	-
Price to Book Value (P/BV)	0.00	0.00	0.00	0.13	2.30	2.41
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	0.15	2.70	2.82
Price to Revenue (P/Rev)	0.00	0.00	0.00	0.00	0.00	1.68
Price to Earnings (P/E)	0.00	0.00	0.00	0.00	0.00	6.62
Dividend Yield	0.00%	0.00%	0.00%	0.00%	1.39%	3.74%
Earnings Yield	0.00%	0.00%	0.00%	0.00%	0.00%	15.10%
Enterprise Value to Invested Capital (EV/IC)	0.00	0.00	0.00	0.77	1.36	1.34
Enterprise Value to Revenue (EV/Rev)	0.00	0.00	0.00	0.00	0.00	3.90
Enterprise Value to EBITDA (EV/EBITDA)	0.00	0.00	0.00	0.00	0.00	7.61
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	0.00	0.00	0.00	7.88
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	0.00	0.00	0.00	10.11
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	0.00	0.00	0.00	0.00	9.64
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	0.00	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-
Debt to Equity	0.00	0.00	0.00	2.88	2.70	3.24
Long-Term Debt to Equity	0.00	0.00	0.00	2.88	2.70	3.24
Financial Leverage	0.00	0.00	0.00	2.75	2.61	3.18
Leverage Ratio	0.00	0.00	0.00	4.30	4.12	4.71
Compound Leverage Factor	0.00	0.00	0.00	3.04	2.61	2.94
Debt to Total Capital	0.00%	0.00%	0.00%	74.20%	73.00%	76.40%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	0.00%	0.00%	0.00%	74.20%	73.00%	76.40%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	0.00%	0.00%	0.00%	25.80%	27.00%	23.60%
Debt to EBITDA	0.00	0.00	0.00	0.00	0.00	4.40
Net Debt to EBITDA	0.00	0.00	0.00	0.00	0.00	4.32
Long-Term Debt to EBITDA	0.00	0.00	0.00	0.00	0.00	4.40
Debt to NOPAT	0.00	0.00	0.00	0.00	0.00	5.85
Net Debt to NOPAT	0.00	0.00	0.00	0.00	0.00	5.75
Long-Term Debt to NOPAT	0.00	0.00	0.00	0.00	0.00	5.85
Altman Z-Score	0.00	0.00	0.00	0.00	0.00	1.12
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-
Current Ratio	0.00	0.00	0.00	1.05	0.75	0.46
Quick Ratio	0.00	0.00	0.00	0.94	0.75	0.46
Cash Flow Metrics	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	0.00	0.00	0.00	-1,474	-1,519	-1,791
Operating Cash Flow to CapEx	0.00%	6,270.73%	0.00%	0.00%	59,509.43%	0.00%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	0.00	-57.08	-57.38	-58.57
Operating Cash Flow to Interest Expense	0.00	0.39	2.08	0.00	2.38	1.30
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.38	2.08	0.00	2.38	1.30
Efficiency Ratios	-	-	-	-	-	-
Asset Turnover	0.00	0.00	0.00	0.00	0.00	0.30
Accounts Receivable Turnover	0.00	0.00	0.00	0.00	0.00	42.02
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	0.00	0.00	0.00	0.00	0.00	426.03
Accounts Payable Turnover	0.00	0.00	0.00	0.00	0.00	0.03
Days Sales Outstanding (DSO)	0.00	0.00	0.00	0.00	0.00	8.69
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	0.00	0.00	0.00	0.00	0.00	13,436.99
Cash Conversion Cycle (CCC)	0.00	0.00	0.00	0.00	0.00	-13,428.31
Capital & Investment Metrics	-	-	-	-	-	-
Invested Capital	0.00	0.00	0.00	1,541	1,578	1,850
Invested Capital Turnover	0.00	0.00	0.00	0.00	0.00	0.69
Increase / (Decrease) in Invested Capital	0.00	0.00	0.00	1,541	1,578	1,850
Enterprise Value (EV)	0.00	0.00	0.00	1,182	2,146	2,476
Market Capitalization	150	150	150	52	1,006	1,069
Book Value per Share	$0.00	$0.00	$0.00	$160.41	$7.51	$8.00
Tangible Book Value per Share	$0.00	$0.00	$0.00	$134.56	$6.39	$6.85
Total Capital	0.00	0.00	0.00	1,592	1,620	1,876
Total Debt	0.00	0.00	0.00	1,181	1,183	1,433
Total Long-Term Debt	0.00	0.00	0.00	1,181	1,183	1,433
Net Debt	0.00	0.00	0.00	1,130	1,140	1,407
Capital Expenditures (CapEx)	0.00	0.12	0.00	0.00	0.11	0.00
Debt-free, Cash-free Net Working Capital (DFCFNWC)	0.00	0.00	0.00	-48	-62	-76
Debt-free Net Working Capital (DFNWC)	0.00	0.00	0.00	3.60	-20	-49
Net Working Capital (NWC)	0.00	0.00	0.00	3.60	-20	-49
Net Nonoperating Expense (NNE)	20	19	21	19	21	21
Net Nonoperating Obligations (NNO)	0.00	0.00	0.00	1,130	1,140	1,407
Total Depreciation and Amortization (D&A)	0.56	1.64	2.73	1.25	2.87	2.52
Debt-free, Cash-free Net Working Capital to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	-11.93%
Debt-free Net Working Capital to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	-7.79%
Net Working Capital to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	-7.79%
Earnings Adjustments	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.00	$0.00	$0.00	$18.61	$0.59	$0.61
Adjusted Weighted Average Basic Shares Outstanding	0.00	0.00	0.00	2.56M	58.28M	55.59M
Adjusted Diluted Earnings per Share	$0.00	$0.00	$0.00	$16.76	$0.59	$0.61
Adjusted Weighted Average Diluted Shares Outstanding	0.00	0.00	0.00	2.84M	58.28M	55.59M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	0.00	0.00	0.00	58.27M	58.29M	55.42M
Normalized Net Operating Profit after Tax (NOPAT)	52	56	86	67	59	59
Normalized NOPAT Margin	50.16%	50.50%	55.31%	43.67%	39.14%	33.50%
Pre Tax Income Margin	32.82%	35.47%	43.18%	40.54%	30.17%	28.94%
Debt Service Ratios	-	-	-	-	-	-
EBIT to Interest Expense	2.87	2.99	3.70	3.40	2.72	2.67
NOPAT to Interest Expense	2.86	2.83	3.45	2.58	2.23	1.93
EBIT Less CapEx to Interest Expense	0.00	2.98	3.70	0.00	2.72	2.67
NOPAT Less CapEx to Interest Expense	0.00	2.82	3.45	0.00	2.23	1.93
Payout Ratios	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	29.41%
Augmented Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	29.41%

Financials Breakdown Chart

Key Financial Trends

Jefferson Capital (NASDAQ: JCAP) showed solid top-line growth and strong profitability in Q1 2026, but the quarter also highlighted a meaningful shift in the company’s balance sheet and cash flow profile. Revenue rose year over year, net income remained healthy, and operating cash flow was strong. However, JCAP used a large amount of cash for debt repayment and share repurchases, while total debt remains significant.

Revenue improved year over year. Q1 2026 revenue increased to $176.4 million from $154.9 million in Q1 2025, showing continued growth in the business.
Net income remained strong. Q1 2026 net income came in at $37.6 million, essentially flat with Q1 2025’s $64.2 million restated figure after a very strong prior year comparison.
Operating cash flow was solid. The company generated $39.6 million in operating cash flow in Q1 2026, supporting ongoing operations and capital returns.
Gross profit stayed very high. Gross profit was $175.8 million on just $624,000 of cost of revenue, indicating a highly profitable revenue mix.
Book equity increased modestly quarter over quarter. Total common equity rose to $442.9 million from $437.4 million in Q3 2025.
Interest expense remains a major drag. Q1 2026 interest expense was $30.6 million, up from $24.8 million in Q1 2025, which continues to consume a large portion of operating profit.
Debt levels are still elevated. Long-term debt stood at $1.43 billion at the end of Q1 2026, compared with $1.18 billion in Q2 2025 and $1.18 billion in Q3 2025.
Liquidity is adequate but not large relative to debt. Cash and equivalents were $26.2 million at quarter-end, down from $42.3 million in Q3 2025 and $51.7 million in Q2 2025.
Free cash flow was pressured by investing and financing activity. Despite strong operating cash flow, JCAP reported a net cash outflow of $1.9 million in Q1 2026 after heavy investment and financing uses.
Debt repayment and share repurchases absorbed a lot of cash. The company repaid $290.2 million of debt and repurchased $58.9 million of common equity in the quarter, which sharply reduced cash.

Bottom line: JCAP continues to show a strong earnings engine and healthy operating cash generation, but leverage remains the key issue investors should watch. The business is profitable, yet a large debt load and sizable interest expense could limit flexibility if credit conditions tighten or earnings soften.

07/21/26 03:06 AM ETAI Generated. May Contain Errors.

Jernigan Capital Financials - Frequently Asked Questions

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

Jernigan Capital's net income appears to be on an upward trend, with a most recent value of $187.97 million in 2025, rising from $111.54 million in 2023. The previous period was $128.89 million in 2024. See where experts think Jernigan Capital is headed by visiting Jernigan Capital's forecast page.

Jernigan Capital's total operating income in 2025 was $316.50 million, based on the following breakdown:

Total Gross Profit: $610.93 million
Total Operating Expenses: $294.43 million

Over the last 2 years, Jernigan Capital's total revenue changed from $323.07 million in 2023 to $613.29 million in 2025, a change of 89.8%.

Jernigan Capital's total liabilities were at $1.61 billion at the end of 2025, a 26.7% increase from 2024, and a 26.7% increase since 2024.

In the past 1 years, Jernigan Capital's cash and equivalents has ranged from $23.23 million in 2025 to $35.51 million in 2024, and is currently $23.23 million as of their latest financial filing in 2025.

Over the last 2 years, Jernigan Capital's book value per share changed from 0.00 in 2023 to 8.17 in 2025, a change of 816.8%.

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Financial statements for NASDAQ:JCAP last updated on 5/19/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.

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Jernigan Capital (JCAP) Financials

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Jernigan Capital (JCAP) Financials

Annual Income Statements for Jernigan Capital

Quarterly Income Statements for Jernigan Capital

Annual Cash Flow Statements for Jernigan Capital

Quarterly Cash Flow Statements for Jernigan Capital

Annual Balance Sheets for Jernigan Capital

Quarterly Balance Sheets for Jernigan Capital

Annual Metrics And Ratios for Jernigan Capital

Quarterly Metrics And Ratios for Jernigan Capital

Financials Breakdown Chart

Key Financial Trends

Jernigan Capital Financials - Frequently Asked Questions

When does Jernigan Capital's financial year end?

How has Jernigan Capital's net income changed over the last 2 years?

What is Jernigan Capital's operating income?

How has Jernigan Capital's revenue changed over the last 2 years?

How much debt does Jernigan Capital have?

How much cash does Jernigan Capital have?

How has Jernigan Capital's book value per share changed over the last 2 years?

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