Saturday 17 October 2026 Export ATLC’s income statement to Excel — free account

Atlanticus Holdings Corporation

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%

Follow ATLC

Alert me

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

Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Insider Decisions trades per month

Total sells 10.57

Totals in millions of $.

	Dec 25			Mar 26			Jun 26			Sep 26
Buy	—	—	—	—	—	—	—	—	—	—	—	—
Sell	—	—	1	—	—	—	—	7	—	—	—	—

Insider Ownership 37.05%

Capital & Financial Ratios $m

Market Cap 1,420.00

Revenue 2,652.98

Net Income 153.50

Free Cash Flow 936.46

Net Debt 46.94

Current Ratio 1.26

Debt/Equity 0.99

P/E ratio 9.58

Fwd P/E 8.79

P/S ratio 0.53

P/B ratio 2.00

Past 5Y EPS Growth 8.57%

This Y EPS Growth 66.49%

Next Y EPS Growth 32.38%

Next Y revenue growth 53.78%

Next 5Y EPS Growth 42.69%

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

P/E against its own 10 years 83.61%

10-year low 10-year high

P/S against its own 10 years 66.90%

10-year low 10-year high

P/B against its own 10 years 46.69%

10-year low 10-year high

Dividends

Payout Ratio —

Annual Dividend Rate —

Annual Dividend Yield —

	total	individual payouts
2023	Powerpack
2022	Powerpack
2021	Powerpack
2020	Powerpack
2019	Powerpack
2018	Powerpack
2017	Powerpack

special payouts not included in total or ratios

Assets vs Liabilities $m

	2023	2024	2025	Q'26
Cash	384	500	767	645
Receivables	—	—	—	—
Inventory	—	—	—	—
Other	—	—	—	—
	2,656	3,214	7,498	7,382

	2023	2024	2025	Q'26
Payables	62	72	285	275
ST’ Debt	—	—	—	—
Other	—	—	—	—
	1,923	2,272	6,103	5,854

Compound Annual Growth %

	10y	5y	3y
Sales	38.06%	28.43%	23.42%
Cash Flow	93.57%	24.56%	22.43%
Earnings	51.87%	7.73%	0.38%
Book Value	49.33%	51.16%	22.93%

Revenue $m

	Mar	Jun	Sep	Dec	Year
’26	680	744	—	—	—
’25	345	394	495	734	1,968
’24	291	316	351	353	1,311
’23	261	291	295	309	1,156
’22	230	270	278	269	1,047
’21	145	177	204	223	748
’20	141	136	144	143	563

Fiscal quarters ending in the months shown.

Operating Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	286	277	—	—	—
’25	132	133	107	266	638
’24	119	116	112	123	469
’23	102	108	117	133	459
’22	81	72	93	102	348
’21	53	72	15	73	212
’20	35	49	64	65	213

Fiscal quarters ending in the months shown.

Free Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	286	277	—	—	—
’25	129	131	107	266	633
’24	119	116	112	121	468
’23	99	107	117	133	455
’22	81	71	92	98	343
’21	53	72	16	66	206
’20	35	48	64	65	212

Fiscal quarters ending in the months shown.

EPS $

	Mar	Jun	Sep	Dec	Year
’26	2.23	2.50	—	—	—
’25	1.49	1.51	1.21	1.75	5.96
’24	1.09	0.99	1.27	1.42	4.77
’23	1.08	1.02	1.03	1.10	4.24
’22	1.96	1.46	1.41	0.98	5.83
’21	1.91	1.56	1.96	2.13	7.56
’20	0.17	0.93	1.72	1.10	3.95

Fiscal quarters ending in the months shown.

Group	Line	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026e
Price, $
Price, $	Low	2.59	2.13	1.52	3.05	5.00	21.12	23.15	21.65	23.10	41.37	Analyst estimates 2026–2028 Powerpack
	High	3.60	3.49	4.91	10.08	29.90	91.98	73.29	43.70	64.70	78.91
People
People	Employees	292	297	310	319	327	331	357	386	417	576
	Revenue/emp, $m	0.33	0.41	0.66	1.43	1.72	2.26	2.93	2.99	3.14	3.42
Income, $m
Income, $m	Revenue	96	121	204	455	563	748	1,047	1,156	1,311	1,968
	Gross margin, %	79.02	77.13	81.87	88.86	90.85	92.76	92.18	90.54	87.79	84.66
	EBT	(12)	(47)	3	32	114	220	149	129	139	160
	EBT margin, %	(12.83)	(39.01)	1.71	6.98	20.30	29.35	14.26	11.12	10.57	8.11
	Net income	(6)	(41)	8	26	94	178	135	102	110	121
	Depreciation	7	2	3	11	13	8	10	11	17	28
Per share, $
Per share, $	Revenue	6.95	8.70	14.61	31.40	38.89	49.63	71.56	79.69	88.92	130.25
	Earnings	(0.46)	(2.93)	0.56	1.66	5.32	10.32	7.55	5.35	5.92	7.40
	Cash flow	2.81	(1.90)	3.08	6.89	14.69	14.09	23.76	31.67	31.83	42.21
	Capex	(0.03)	(0.03)	(0.10)	(0.02)	(0.05)	(0.40)	(0.33)	(0.28)	(0.12)	(0.33)
	Free cash flow	2.79	(1.93)	2.98	6.88	14.63	13.69	23.43	31.39	31.71	41.88
	Book value	0.42	(2.59)	(1.59)	0.02	5.28	19.07	22.22	27.06	33.18	39.95
	Shares, m	14	14	14	14	14	15	15	15	15	15
Valuation, ×
Valuation, ×	P/E	0.00	0.00	6.50	4.93	4.63	6.91	3.44	7.04	9.42	9.05
	P/S	0.41	0.28	0.25	0.29	0.63	1.44	0.36	0.47	0.63	0.51
	P/B	6.87	0.00	0.00	389.96	4.66	3.74	1.17	1.39	1.68	1.68
	EV/Sales	0.08	0.21	(0.14)	(0.05)	0.22	0.95	0.09	0.27	0.46	0.48
	EV/FCF	0.20	(0.92)	(0.70)	(0.22)	0.58	3.45	0.26	0.67	1.29	1.49
Cash, $m
Cash, $m	Operating cash flow	39	(26)	43	100	213	212	348	459	469	638
	Capex	0	0	(1)	0	(1)	(6)	(5)	(4)	(2)	(5)
	Free cash flow	39	(27)	41	100	212	206	343	455	468	633
Balance, $m
Balance, $m	Working capital	52	(15)	24	108	252	596	641	733	943	1,395
	Total debt	61	61	62	24	24	143	144	144	282	699
	Net debt	(32)	(9)	(80)	(152)	(235)	(364)	(289)	(239)	(218)	(69)
	Shareholders’ equity	6	(36)	(22)	0	77	287	325	392	489	604
Returns, %
Returns, %	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
	ROE	(75.74)	268.74	(26.97)	(232.08)	200.53	85.46	36.09	21.65	19.82	20.45

Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

Company	Market cap	P/E	Fwd P/E	Revenue growth (Q)	EPS growth (Q)	FCF growth (Q)	Gross margin (Q)	EBIT margin (Q)	Compare
UPST Upstart Holdings, Inc.	$2.4B	38.0×	32.5×	+41.75% (above 0%: growing)	+183.33% (above 0%: growing)	−14.74% (below 0%: shrinking)	83.19%	4.01%	Compare
ECPG Encore Capital Group Inc	$2.2B	7.5×	6.3×	+11.25% (above 0%: growing)	+18.80% (above 0%: growing)	−1,282.62% (below 0%: shrinking)	100.00%	0.00%	Compare
AGM Federal Agricultural Mortgage Corporation	$2.2B	11.1×	9.4×	+12.93% (above 0%: growing)	+20.67% (above 0%: growing)	+188.57% (above 0%: growing)	27.34%	0.00%	Compare
EZPW EZCORP, Inc.	$2.0B	12.8×	16.0×	+34.65% (above 0%: growing)	+37.78% (above 0%: growing)	+27.86% (above 0%: growing)	58.79%	13.09%	Compare
WU The Western Union Company	$1.9B	5.0×	4.7×	−1.26% (below 0%: shrinking)	−32.43% (below 0%: shrinking)	+316.72% (above 0%: growing)	33.21%	13.04%	Compare
ATLC Atlanticus Holdings Corporation	$1.4B	9.6×	8.8×	+88.84% (above 0%: growing)	+67.38% (above 0%: growing)	+112.08% (above 0%: growing)	83.42%	0.00%
JCAP Jefferson Capital, Inc.	$1.2B	8.4×	6.3×	+16.26% (above 0%: growing)	−96.40% (below 0%: shrinking)	−45.57% (below 0%: shrinking)	63.06%	45.87%	Compare
NAVI Navient Corporation	$896.6M	— (loss-making)	10.6×	−11.91% (below 0%: shrinking)	+92.86% (above 0%: growing)	+13.49% (above 0%: growing)	21.13%	0.00%	Compare
WRLD World Acceptance Corporation	$803.8M	20.3×	15.2×	+4.85% (above 0%: growing)	+432.00% (above 0%: growing)	+9.97% (above 0%: growing)	100.00%	13.88%	Compare
Median of peers	$2.0B	11.1×	10.0×	+12.09%	+29.23%	+11.73%	60.93%	8.52%

All 55 Credit Services stocks →

Atlanticus Holdings Corporation (ATLC) key facts

Strength: Atlanticus Holdings Corporation’s revenue for fiscal 2025 (year ended December 2025) was $2.0 billion, up 50.1% from fiscal 2024.
Atlanticus Holdings Corporation (ATLC) is a Credit Services company in the Financial sector, listed on Nasdaq.
As of October 16, 2026, ATLC traded at $92.04, a market capitalization of $1.4 billion.
Return on equity was 20.5% and debt-to-equity 0.99.
Its Piotroski F-score is 3 out of 9 for fiscal 2025.

Source: company filings (standardised) and stockrow calculations.