Atlanticus Holdings Corporation, a financial technology company, provides products and services to lenders in the United States. The company operates in two segments, Credit as a Service (CaaS) and Auto Finance. Its CaaS segment offers private label credit products associated with the healthcare space under the Curae brand, as well as consumer electronics, furniture, elective medical procedures, and home-improvement under the Fortiva brand and its retail partners' brands; and general-purpose credit cards under the Aspire, Imagine, Mercury, and Fortiva brand names. The company's private label and general-purpose credit cards originated from its bank partners through various channels, including retail and healthcare point-of-sale locations, direct mail solicitation, and digital marketing and partnerships with third parties. This segment also offers loan servicing, such as risk management and customer service outsourcing for third parties, as well as engages in other product testing and investments. The Auto Finance segment purchases and/or services loans secured by automobiles from or for a pre-qualified network of independent automotive dealers and automotive finance companies in the buy-here and pay-here used car business. This segment also provides floor plan financing and installment lending products. The company was founded in 1996 and is headquartered in Atlanta, Georgia.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $403M | - | $122M | $633M | 20.2% | 34.5% | 9.8% |
| 2024 | $299M | - | $111M | $468M | 22.7% | 16.8% | 8.2% |
| 2023 | $256M | - | $103M | $455M | 26.2% | -12.4% | -24.2% |
| 2022 | $293M | - | $136M | $343M | 41.7% | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Total Revenue | 292.56 | 256.34 | 299.40 | 402.60 |
| Pretax Income | 149.27 | 128.56 | 138.58 | 159.71 |
| Tax Provision | 14.66 | 26.60 | 28.47 | 39.10 |
| Net Income | 135.60 | 102.84 | 111.30 | 122.20 |
| Net Income Common Stockholders | 110.52 | 77.65 | 87.37 | 111.80 |
| Interest Expense | 81.85 | 109.34 | 160.17 | 301.90 |
| Interest Income | 786.24 | 879.12 | 979.81 | 1,403.65 |
| Selling General And Administration | 105.47 | 96.33 | 106.33 | 182.84 |
| Normalized Income | 135.60 | 102.84 | 111.30 | 122.20 |
| Basic EPS | 7.55 | 5.35 | 5.92 | 0 |
| Diluted EPS | 5.83 | 4.24 | 4.77 | 0 |
| Tax Effect Of Unusual Items | 0 | 0 | 0 | 0 |
| Tax Rate For Calcs | 0.10 | 0.21 | 0.20 | 0.24 |
| Total Unusual Items | 0 | 0 | 0 | 0 |
| Total Unusual Items Excluding Goodwill | 0 | 0 | 0 | 0 |
| Net Income From Continuing Operation Net Minority Interest | 135.60 | 102.84 | 111.30 | 122.20 |
| Reconciled Depreciation | 4.85 | 4.04 | 5.19 | 9.90 |
| Net Interest Income | 704.38 | 769.78 | 819.64 | 1,101.74 |
| Net Income From Continuing And Discontinued Operation | 135.60 | 102.84 | 111.30 | 122.20 |
| Diluted Average Shares | 19.38 | 18.88 | 18.80 | 0 |
| Basic Average Shares | 14.63 | 14.50 | 14.75 | 0 |
| Diluted NI Availto Com Stockholders | 112.92 | 80.05 | 89.77 | 114.20 |
| Average Dilution Earnings | 2.40 | 2.40 | 2.40 | 2.40 |
| Preferred Stock Dividends | 25.08 | 25.20 | 23.93 | 10.41 |
| Minority Interests | 0.98 | 0.89 | 1.19 | 1.59 |
| Net Income Including Noncontrolling Interests | 134.61 | 101.95 | 110.11 | 120.61 |
| Net Income Continuous Operations | 134.61 | 101.95 | 110.11 | 120.61 |
| Special Income Charges | 0 | 0 | 0 | 0 |
| Gain On Sale Of Security | 0 | 0 | 0 | 0 |
| Depreciation Amortization Depletion Income Statement | 2.17 | 2.56 | 2.71 | 5.81 |
| Depreciation And Amortization In Income Statement | 2.17 | 2.56 | 2.71 | 5.81 |
| Depreciation Income Statement | 2.17 | 2.56 | 2.71 | 5.81 |
| Selling And Marketing Expense | 62.40 | 52.42 | 56.19 | 113.27 |
| General And Administrative Expense | 43.06 | 43.91 | 50.14 | 69.57 |
| Salaries And Wages | 43.06 | 43.91 | 50.14 | 69.57 |
| Operating Revenue | 292.56 | 256.34 | 299.40 | 402.60 |
| Other Non Interest Expense | 34.40 | 26.74 | 35.41 | 48 |
Financial Services sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Atlanticus Holdings Corporationthis co. | ATLC | $1.1B | 12.87β premium | 1.88 | 20.2% | - |
| Trupanion, Inc. | TRUP | $1.2B | 61.37 | 3.11 | 5.1% | 22.61 |
| Community Trust Bancorp, Inc. | CTBI | $1.2B | 11.39 | 1.36 | 11.5% | - |
| Tompkins Financial Corporation | TMP | $1.2B | 7.37 | 1.26 | 17.2% | - |
| Coastal Financial Corporation | CCB |
| $1.2B |
| 23.59 |
| 2.33 |
| 9.6% |
| - |
| First Mid Bancshares, Inc. | FMBH | $1.1B | 11.23 | 1.08 | 9.6% | - |
| Safety Insurance Group, Inc. | SAFT | $1.1B | 11.25 | 1.25 | 11.1% | - |
| Porch Group, Inc. | PRCH | $1.1B | - | -43.48 | -15.0% | 19.23 |
| Metropolitan Bank Holding Corp. | MCB | $1.1B | 10.96 | 1.20 | 9.6% | - |
| Peer Median | - | 11.25 | 1.26 | 9.6% | 20.92 | |