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NASDAQ · PERSONAL CREDIT INSTITUTIONS · MID CAP

Atlanticus Holdings Corp. ATLC

16 fiscal years on record · USD · FY2025 reported · SEC filings only
$2.0B
▲ 50.1% YoY
$122.2M
▲ 9.8% YoY

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

In brief

What this company does

Atlanticus provides technology and other support services to lenders that offer an array of financial products and services to consumers. As of December 31, 2025, it had 576 employees, all employed within the U.S. It reports these products and services through two reportable segments, Credit as a Service and Auto Finance. Within its CaaS segment, it applies technology solutions built from experience and infrastructure gained servicing $50 billion in consumer loans over more than 30 years of operating history. Within CaaS, it offers private label credit cards under the Fortiva and Curae brand names, along with merchant-associated brands, and general purpose credit cards under the Aspire, Imagine, Mercury and Fortiva brand names. Within its Auto Finance segment, its CAR subsidiary purchases and services loans secured by automobiles, and provides floor-plan financing, for a pre-qualified network of independent automotive dealers and automotive finance companies in the buy-here, pay-here used car business, serving over 700 dealers in 33 states and two U.S. territories as of December 31, 2025. It is headquartered in Atlanta, Georgia, with its principal executive offices located at Five Concourse Parkway, Suite 300, Atlanta, Georgia 30328. It is a Georgia corporation formed in 2009, as successor to an entity that commenced operations in 1996.

Written from the business description in Atlanticus Holdings Corp's annual report to the U.S. Securities and Exchange Commission, filed 12 March 2026. Every sentence was checked against that document before publication.

Growth

USD 2.0B
Revenue, FY2025 · full 16-year series below
Revenue $B Net income $B
FY2025 · Revenue 2.0 · Net income 0.1
1B2B
201020132016201920222025
Compound annual growth
+23.4%
+28.4%
−3.4%
+5.4%
+53.2%
+0.7%
+8.6%
+47.8%
−12.1%
+95.6%
+72.3%
+34.4%
3 yrs
5 yrs
10 yrs
15 yrs

Revenue compounded at +28.4% a year over the five years to FY2025 — but profit grew slower: net income at +5.4%, earnings per share at +8.6%.

The share count fell from 0.02B to 0.01B — the buyback concentrates the same profit into fewer slices.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability

6 cents
of every revenue dollar became profit
Operating margin Net margin
FY2025 · Operating 8.1% · Net 6.1%
10%20%
201020172025
ROE
FY2025 · ROE 22.2%
100%200%-100%-200%
201020172025
Three returns, three denominators.
Return on capital employedNot available: we don't have total assets or current liabilities for this period.

Each USD of equity produced 22 cents of profit this year.

Cash & shareholders

USD 58.0M
returned in FY2025 · dividends + net buybacks
Free cash flow $M
FY2020 · FCF 212.0
150M300M
201020172025
Net buybacks $M Dividends $M
FY2025 · Dividends · · Net buybacks 58.0
30M60M
201020122014201620182020202220242025

USD 58.0M in buybacks — 47% of the year's profit went back to shareholders.

Total assetsUSD 7.6B
EquityUSD 608.7M
CashUSD 621.1M
Gross debtUSD 5.8B
Net debtUSD 5.2B

Net debt stands at 854% of equity.

The 16-year record

16 fiscal years
Every figure from documents filed with the SEC · USD

EPS, diluted, dividend per share and shares outstanding are shown without shading, and a vertical line marks the year the share count changed — the series crosses a large, unexplained change in share count, so the years on either side are not on a comparable scale.

row low → row highnegative—not applicable◌not available in our data
ATLC, 16-year financial record
Metric 2025202420232022202120202019201820172016201520142013201220112010
Revenue $B2.01.31.21.00.70.60.5◌◌◌◌◌◌◌◌◌
Operating income $B0.20.10.10.10.20.10.00.0◌◌◌◌◌◌◌◌
EBITDA $B0.20.10.10.20.20.10.00.0◌◌◌◌◌◌◌◌
Income tax $B0.00.00.00.00.00.00.0−0.0−0.0−0.00.0−0.0−0.0−0.0−0.0−0.0
Net income $B0.10.10.10.10.20.10.00.0−0.0−0.00.00.0−0.00.00.1−0.1
Free cash flow $B◌◌◌◌◌0.20.10.0−0.00.0−0.0−0.0−0.00.00.10.3
EPS, diluted $5.964.774.245.837.563.951.660.56−2.93−0.460.120.51−1.291.265.19−2.45
Dividend / sh $◌◌◌◌◌◌◌◌◌◌◌◌◌◌◌◌
Payout % — not applicable: no dividend————————————————
ROE %22.225.128.544.197.4240.7———−75.718.6166.8−173.451.3225.3−227.6
Shares out B0.010.010.010.010.010.020.020.020.020.020.020.020.020.020.020.04

Slide the table for earlier years. "—" not applicable · "◌" not available in our data.

More in this sector

Other companies filing in the same sector

Provenance

Company facts, as filed

How we verify · 0 failures in 47 reconciliationsAUDITED

Reconciled in 16 of the 16 fiscal years we could check. 12 checks were skipped: revenue is not tagged before 2019. Four checks were skipped: the share count is not tagged before 2011. Three checks were skipped: the balance sheet is not tagged before 2010.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquidityCurrency consistency0 failures
ActivityPersonal Credit Institutions
Listed onNASDAQ
Incorporated inGeorgia
Fiscal year endsDecember 31
Data on record since2010

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