Atlanticus Holdings Corporation

ATLC Financial Credit Services

Atlanticus Holdings Corporation’s revenue for fiscal 2025 (year ended December 2025) was $2.0 billion, up 50.1% from fiscal 2024. In the quarter to June 2026, revenue grew 88.8%, EPS grew 67.4%, free cash flow grew 112.1% and total debt rose 124.5%, each against the same quarter a year earlier. Revenue growth for ten consecutive years, operating cash flow growth for three.

92.04 1.50 −1.60%
Market cap
$1.4B
P/E
9.6×
Fwd P/E
8.8×
Dividend yield
—
F-score
3/9
Altman Z
n/a
Beneish M
n/a
Dividend safety
n/a
Dec '16 Dec '17 Dec '18 Dec '19 Dec '20 Dec '21 Dec '22 Dec '23 Dec '24 Dec '25
P/E ratio
0.00 0.00 6.50 4.93 4.63 6.91 3.44 7.04 9.42 9.05
Piotroski F-Score
6 3 8 8 8 6 6 6 4 3
P/S ratio
0.41 0.28 0.25 0.29 0.63 1.44 0.36 0.47 0.63 0.51
P/FCF ratio
1.03 0.00 1.22 1.31 1.68 5.21 1.11 1.20 1.76 1.60
P/Operating CF
2.77 (2.36) 1.14 4.39 5.49 14.73 3.72 4.12 6.71 3.80
P/B ratio
6.87 0.00 0.00 389.96 4.66 3.74 1.17 1.39 1.68 1.68
Price to Tangible BV
6.87 0.00 0.00 389.96 4.66 3.74 1.17 1.39 1.68 1.76
EV/Sales
0.08 0.21 (0.14) (0.05) 0.22 0.95 0.09 0.27 0.46 0.48
EV/EBITDA
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
EV/Operating CF
0.20 (0.94) (0.67) (0.22) 0.57 3.35 0.26 0.67 1.29 1.48
EV/FCF
0.20 (0.92) (0.70) (0.22) 0.58 3.45 0.26 0.67 1.29 1.49
Quick Ratio
0.33 0.18 0.26 0.22 0.28 0.38 0.26 0.20 0.22 0.13
Current Ratio
1.19 0.96 1.04 1.14 1.27 1.45 1.38 1.38 1.42 1.23
Net Debt/EBITDA
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Debt/Assets
16.77% 14.42% 10.67% 2.57% 2.02% 7.35% 6.05% 5.34% 8.61% 9.16%
Debt/Equity
10.52 (1.70) (2.81) 71.91 0.32 0.50 0.44 0.37 0.58 1.16
Asset Turnover
0.30 0.31 0.40 0.60 0.53 0.47 0.48 0.45 0.44 0.36
Operating CF/Net income
(6.16) 0.65 5.46 3.95 2.76 1.37 3.15 5.92 5.37 5.71
Capex/Depreciation
(0.05) (0.21) (0.44) (0.02) (0.06) (0.79) (0.49) (0.36) (0.11) (0.18)
ROE
(75.74%) 268.74% (26.97%) (232.08%) 200.53% 85.46% 36.09% 21.65% 19.82% 20.45%
ROA
(1.97%) (10.35%) 1.56% 3.33% 7.19% 9.87% 5.10% 3.05% 2.92% 2.05%
ROIC
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 257.49% 52.44% 31.93% 18.66%
Return on Tangible Assets
(11.38%) 332.99% 28.49% 22.92% 30.31% 25.79% 16.98% 10.44% 9.17% 7.94%
Average Days of Receivables
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Research and Development Expense of Revenue
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Selling, General and Administrative Expense of Revenue
84.09% 115.30% 79.68% 81.63% 70.33% 63.21% 77.72% 79.20% 77.01% 76.25%
Intangible Assets out of Total Assets
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Share Based Compensation of Revenue
0.00% 1.26% 0.65% 0.38% 0.24% 0.43% 0.40% 0.33% 0.30% 0.22%
Graham Net Nets
(0.62) (2.52) (0.76) (0.26) 0.14 0.24 0.73 0.63 0.53 0.47
Graham Number
0.00 13.10 0.00 0.97 25.14 66.55 61.36 57.07 66.48 81.56
Earnings Yield
(15.73%) (120.00%) 15.38% 20.28% 21.60% 14.47% 29.05% 14.20% 10.61% 11.05%
Free Cash Flow Yield
97.49% (78.75%) 81.81% 76.33% 59.41% 19.20% 90.40% 83.31% 56.84% 62.55%
Revenue per Share
6.95 8.70 14.61 31.40 38.89 49.63 71.56 79.69 88.92 130.25
Operating CF per Share
2.81 (1.90) 3.08 6.89 14.69 14.09 23.76 31.67 31.83 42.21
Capex per Share
(0.03) (0.03) (0.10) (0.02) (0.05) (0.40) (0.33) (0.28) (0.12) (0.33)
Free Cash Flow per Share
2.79 (1.93) 2.98 6.88 14.63 13.69 23.43 31.39 31.71 41.88
Cash per Share
6.68 5.07 10.18 12.17 17.88 33.61 29.61 26.45 33.88 50.78
Shareholders Equity per Share
0.42 (2.59) (1.59) 0.02 5.28 19.07 22.22 27.06 33.18 39.95
Interest Debt per Share
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Book value per Share
0.42 (2.59) (1.59) 0.02 5.28 19.07 22.22 27.06 33.18 39.95
Free Cash Flow
38.67 (26.86) 41.47 99.71 211.99 206.38 342.78 455.33 467.62 632.94
Working Capital
51.86 (15.48) 23.95 107.61 251.94 595.71 640.96 732.52 942.71 1,394.90
Capital Expenditures
(0.35) (0.39) (1.38) (0.25) (0.75) (5.99) (4.85) (3.99) (1.79) (5.02)
Net Current Asset Value
(24.70) (86.00) (38.44) (33.58) 48.49 260.50 275.83 341.81 432.90 478.92
EV/EBIT
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Capex to Sales
0.00 0.00 0.01 0.00 0.00 0.01 0.00 0.00 0.00 0.00
Price to Operating Income
0.00 0.00 14.56 4.11 3.12 4.90 2.54 4.25 5.94 6.34
Other line items
Depreciation/Fixed assets
1.95 0.58 0.86 4.09 5.84 1.04 0.99 0.98 1.62 2.25
Cash ROIC
24.29% (28.01%) 22.82% 49.65% 58.91% 22.02% 37.98% 49.46% 36.80% 30.58%
Accounts Receivable Turnover
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Accounts Payable Turnover
0.29 0.27 0.33 0.69 1.24 1.29 1.89 2.06 2.40 1.69
Inventory Turnover
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Average Days of Payables
1,567.29 1,525.05 1,046.30 299.43 295.49 285.16 197.69 205.74 164.27 343.98
Days of Inventory on Hand
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Average Payables
69.25 101.25 110.75 73.69 41.67 42.01 43.31 52.98 66.86 178.30
Average Assets
321.64 394.08 504.11 759.44 1,071.74 1,575.54 2,165.84 2,547.13 2,988.58 5,446.90
Average Common Equity
8.36 (15.17) (29.13) (10.90) 38.42 182.00 306.27 358.73 440.89 546.60

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Columns are period end dates