Atlanticus Holdings Corp ATLC
This Report contains information that we obtained from industry and general publications and research, surveys and studies conducted by third parties. This information involves many assumptions and limitations, and you are cautioned not to give undue weight to any of this data. We have obtained this information from sources that we believe are reliable. However, we have not independently verified market or industry data from third party sources.
Atlanticus is a financial technology company powering more inclusive financial solutions for Everyday Americans. We leverage data, analytics, and innovative technology to unlock access to financial solutions for the millions of Americans who would otherwise be underserved. We provide technology and other support services to lenders who offer an array of financial products and services to consumers. Both private label and general purpose card products are originated by The Bank of Missouri, WebBank and First Bank and Trust (collectively, our "bank partners"). Our bank partners originate these accounts through multiple channels, including retail and healthcare point-of-sale locations, direct mail solicitation, digital marketing and partnerships with third parties. The services of our bank partners are often extended to consumers who may not have access to financing options with larger financial institutions. Our flexible technology solutions allow our bank partners to integrate our paperless process and instant decisioning platform with the existing infrastructure of participating retailers, healthcare providers and other service providers. Using our technology and proprietary predictive analytics, lenders can make instant credit decisions utilizing hundreds of inputs from multiple sources and thereby offer credit to consumers overlooked by many providers of financing which focus exclusively on consumers with higher FICO scores. Atlanticus' decisioning platform is enhanced by machine learning, enabling lenders to make fast, sound decisions when it matters most.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $309.6M | $204.7M | $160.9M | $42.8M | $30.6M | $15.4M | $13.8M | $5.6M | $5.3M | $88.6M |
| Cost of revenue | $160.8M | $118.4M | $100.6M | $95.4M | $75.4M | $63.0M | $49.5M | $37.1M | $31.5M | $30.7M |
| Gross profit | $148.7M | $86.3M | $60.2M | -$52.6M | -$44.8M | -$47.6M | -$35.7M | -$31.6M | -$26.3M | $58.0M |
| Interest expense | $301.9M | $160.2M | $109.3M | $81.9M | $54.1M | $51.5M | $50.7M | $36.9M | $27.7M | $20.2M |
| Pre-tax income | $159.7M | $138.6M | $128.6M | $149.3M | $219.6M | $114.4M | $31.8M | $3.5M | -$47.2M | -$12.4M |
| Income tax | $39.1M | $28.5M | $26.6M | $14.7M | $41.8M | $20.5M | $5.6M | $4.1M | $6.4M | $6.0M |
| Net income | $120.6M | $110.1M | $102.0M | $134.6M | $177.8M | $94.1M | $26.4M | $7.9M | -$40.8M | -$6.3M |
| EPS, basic | 7.40 | 5.92 | 5.35 | 7.55 | 10.32 | 5.32 | 1.74 | 0.56 | -2.93 | -0.46 |
| EPS, diluted | 5.96 | 4.77 | 4.24 | 5.83 | 7.56 | 3.95 | 1.66 | 0.56 | -2.93 | -0.46 |
| Shares, diluted (wtd. avg.) | 19.2M | 18.8M | 18.9M | 19.4M | 20.9M | 20.1M | 15.3M | 14.0M | 13.9M | 13.9M |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $621.1M | $375.4M | $339.3M | — | — | — | — | — | $42.5M | $76.1M |
| Property, plant and equipment | $12.6M | $10.5M | $11.4M | $10.0M | $7.3M | $2.2M | $2.7M | $3.6M | $3.2M | $3.8M |
| Other intangibles | $30.3M | $0 | — | — | — | — | — | — | — | — |
| Total assets | $7.62B | $3.27B | $2.71B | $2.39B | $1.94B | $1.21B | $936.3M | $582.6M | $425.6M | $362.5M |
| Total liabilities | $6.98B | $2.69B | $2.17B | $1.92B | $1.52B | $991.4M | $846.9M | $604.7M | $461.7M | $356.8M |
| Retained earnings | $506.4M | $394.6M | $307.3M | $204.4M | $60.2M | -$117.7M | -$211.8M | -$238.8M | -$246.6M | -$205.9M |
| Total equity | $608.7M | $492.9M | $392.4M | $325.0M | $287.5M | $76.5M | $335.0K | -$22.1M | -$36.1M | $5.8M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $638.0M | $469.4M | $459.3M | $347.6M | $212.4M | $212.7M | $100.0M | $42.9M | -$26.5M | $39.0M |
| Depreciation and amortisation | $9.9M | $5.2M | $4.0M | $4.8M | $2.5M | $8.0M | $7.7M | $987.0K | $1.0M | $2.2M |
| Stock-based compensation | $4.3M | $3.9M | $3.8M | $4.2M | $3.2M | $1.4M | $1.7M | $1.3M | $1.5M | — |
| Capital expenditure | — | — | — | — | — | $749.0K | $250.0K | $1.4M | $395.0K | $349.0K |
| Investing cash flow | -$1.51B | -$747.0M | -$672.2M | -$682.3M | -$475.0M | -$292.6M | -$433.7M | -$134.5M | -$80.3M | -$75.8M |
| Financing cash flow | $1.14B | $393.6M | $163.3M | $261.3M | $510.3M | $162.4M | $368.7M | $161.7M | $84.6M | $63.5M |
| Buybacks | $69.6M | $52.7M | $17.7M | $89.0M | $25.2M | $3.4M | $2.5M | $723.0K | $389.0K | $949.0K |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001437749-26-012028.
Plot the figures US dollars
- Revenue
- Gross profit
- Net income
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $88.6M | $5.3M | $5.6M | $13.8M | $15.4M | $30.6M | $42.8M | $160.9M | $204.7M | $309.6M |
| Gross profit | $58.0M | -$26.3M | -$31.6M | -$35.7M | -$47.6M | -$44.8M | -$52.6M | $60.2M | $86.3M | $148.7M |
| Net income | -$6.3M | -$40.8M | $7.9M | $26.4M | $94.1M | $177.8M | $134.6M | $102.0M | $110.1M | $120.6M |
Recent filings and events
- Shareholder vote The results of the annual meeting or a special vote. Item 5.07
- Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
- Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
- Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
- Material agreement signed Item 1.01
- New debt or obligation The company has taken on debt or a comparable obligation. Item 2.03
- Shareholder vote Item 5.07
- Annual report filed Form 10-K
- Material agreement signed Item 1.01
- New debt or obligation Item 2.03
- Material agreement signed Item 1.01
- New debt or obligation Item 2.03
Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.
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