Atlanticus Holdings Corp Financials
Atlanticus Holdings Corp (ATLC) reported $557.2M in revenue for fiscal year 2025, up 38.8% from the prior fiscal year. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 15 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Balance-sheet expansion is driving Atlanticus: assets and liabilities scaled far faster than earnings, making cash generation increasingly dependent on external funding.
In FY2025, operating cash flow of$638M comfortably exceeded net income of$121M , so accounting earnings did turn into cash. Yet investing outflows were large enough to require$1.14B of financing cash, and that balance-sheet-led growth coincided with ROA roughly halving to1.6% by FY2025.
The business kept a very high gross profit margin near
Equity rose to
Financial Health Signals
Atlanticus Holdings Corp does not currently provide enough eligible data for a peer-relative financial health score, so none is published. The signals and metrics below are current.
Atlanticus Holdings Corp passes 4 of 7 computable financial strength tests (2 of the nine could not be computed from available data). 3 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), 1 of 2 efficiency signals pass.
For every $1 of reported earnings, Atlanticus Holdings Corp generates $5.29 in operating cash flow ($638.0M OCF vs $120.6M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
Key Financial Metrics
Earnings & Revenue
Atlanticus Holdings Corp generated $557.2M in revenue in fiscal year 2025. This represents an increase of 38.8% from the prior year.
Atlanticus Holdings Corp reported $120.6M in net income in fiscal year 2025. This represents an increase of 9.5% from the prior year.
Atlanticus Holdings Corp earned $5.96 per diluted share (EPS) in fiscal year 2025. This represents an increase of 24.9% from the prior year.
Not reported for fiscal year 2025.
Cash & Balance Sheet
Atlanticus Holdings Corp held $621.1M in cash as of fiscal year 2025; long-term debt is not reported for that period.
Not reported for fiscal year 2025.
Not reported for fiscal year 2025.
Margins & Returns
Atlanticus Holdings Corp's gross margin was 71.1% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is up 0.6 percentage points from the prior year.
Atlanticus Holdings Corp's net profit margin was 21.6% in fiscal year 2025, showing the share of revenue converted to profit. This is down 5.8 percentage points from the prior year.
Atlanticus Holdings Corp's ROE was 19.8% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 2.5 percentage points from the prior year.
Not reported for fiscal year 2025.
Capital Allocation
Atlanticus Holdings Corp spent $69.6M on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding. This represents an increase of 32.1% from the prior year.
Not reported for fiscal year 2025.
Not reported for fiscal year 2025.
ATLC Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | TTM | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 | FY16 | FY15 | FY14 | FY13 | FY12 | FY11 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $729.9M | $557.2M+38.8% | $401.4M+13.1% | $354.8M-8.3% | $386.7M-11.9% | $438.7M+68.4% | $260.6M+64.8% | $158.2M+2746.9% | $5.6M+5.4% | $5.3M-94.1% | $88.6M+26.8% | $69.9M-5.1% | $73.7M+6.0% | $69.5M-19.9% | $86.8M-40.3% | $145.5M |
| Cost of Revenue | $197.4M | $160.8M+35.8% | $118.4M+17.7% | $100.6M+5.4% | $95.4M+26.6% | $75.4M+19.6% | $63.0M+27.5% | $49.5M+33.2% | $37.1M+17.8% | $31.5M | N/A | N/A | N/A | N/A | N/A | N/A |
| Gross Profit | $532.6M | $396.4M+40.0% | $283.0M+11.3% | $254.2M-12.7% | $291.3M-19.8% | $363.3M+83.9% | $197.5M+81.7% | $108.7M+444.1% | -$31.6M-20.3% | -$26.3M | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | $96.6M | $69.6M+38.7% | $50.1M+14.2% | $43.9M+2.0% | $43.1M+26.6% | $34.0M+17.0% | $29.1M+10.9% | $26.2M+11.9% | $23.4M+3.0% | $22.8M-5.3% | $24.0M+21.2% | $19.8M+0.2% | $19.8M+10.9% | $17.8M-2.6% | $18.3M-12.9% | $21.0M |
| Interest Expense | $446.9M | $301.9M+88.5% | $160.2M+46.5% | $109.3M+33.6% | $81.9M+51.2% | $54.1M+5.0% | $51.5M+1.6% | $50.7M+37.5% | $36.9M+33.2% | $27.7M+37.1% | $20.2M+10.2% | $18.3M-23.8% | $24.1M+0.8% | $23.9M-23.3% | $31.1M-29.0% | $43.8M |
| Income Tax | $50.1M | $39.1M+37.3% | $28.5M+7.0% | $26.6M+81.5% | $14.7M-64.9% | $41.8M+104.1% | $20.5M+268.7% | $5.6M+234.5% | -$4.1M+35.2% | -$6.4M-6.0% | -$6.0M-428.9% | $1.8M+105.3% | -$34.6M-577.2% | -$5.1M+67.2% | -$15.6M-1470.3% | -$994K |
| Net Income | $152.4M | $120.6M+9.5% | $110.1M+8.0% | $102.0M-24.3% | $134.6M-24.3% | $177.8M+88.9% | $94.1M+255.9% | $26.4M+236.6% | $7.9M+119.3% | -$40.8M-543.7% | -$6.3M-469.8% | $1.7M-76.1% | $7.2M+140.5% | -$17.7M-172.6% | $24.5M-81.8% | $134.0M |
| EPS (Diluted) | — | $5.96+24.9% | $4.77+12.5% | $4.24-27.3% | $5.83-22.9% | $7.56+91.4% | $3.95+138.0% | $1.66+196.4% | $0.56+119.1% | -$2.93-537.0% | -$0.46-483.3% | $0.12-76.5% | $0.51+139.5% | -$1.29-202.4% | $1.26-75.7% | $5.19 |
Not reported in any period shown, so not listed: R&D Expenses, Operating Income.
TTM is the trailing twelve months, Q3 FY2025 through Q2 FY2026, summed from the four most recent quarterly filings. A row marked — cannot be summed at all, because a quarter in the window reports no per-share figure; a row marked N/A could be summed, but a quarter in the window does not report that metric.
ATLC Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 | FY16 | FY15 | FY14 | FY13 | FY12 | FY11 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Assets | $7.6B+133.1% | $3.3B+20.8% | $2.7B+13.3% | $2.4B+22.8% | $1.9B+61.0% | $1.2B+28.9% | $936.3M+60.7% | $582.6M+36.9% | $425.6M+17.4% | $362.5M+29.1% | $280.7M+4.6% | $268.4M-23.8% | $352.2M-7.4% | $380.4M-41.3% | $647.9M |
| Cash & Equivalents | $621.1M+65.4% | $375.4M+10.6% | $339.3M | N/A | N/A | N/A | N/A | N/A | $70.7M-23.7% | $92.6M+81.5% | $51.0M+27.8% | $39.9M-21.5% | $50.9M-25.1% | $67.9M-53.1% | $144.9M |
| Total Liabilities | $7.0B+159.3% | $2.7B+23.8% | $2.2B+13.1% | $1.9B+26.8% | $1.5B+53.0% | $991.4M+17.1% | $846.9M+40.0% | $604.7M+31.0% | $461.7M+29.4% | $356.8M+32.2% | $269.8M+3.4% | $260.9M-25.7% | $351.1M-2.8% | $361.2M-36.8% | $571.6M |
| Total Equity | $608.7M+23.5% | $492.9M+24.9% | $394.7M+20.9% | $326.4M+13.3% | $288.0M+272.7% | $77.3M+8430.2% | $906K+104.2% | -$21.8M+39.5% | -$36.0M-722.7% | $5.8M-47.2% | $11.0M+47.3% | $7.4M+539.3% | $1.2M-94.0% | $19.3M-74.7% | $76.1M |
| Retained Earnings | $506.4M+28.3% | $394.6M+28.4% | $307.3M+50.3% | $204.4M+239.4% | $60.2M+151.2% | -$117.7M+44.4% | -$211.8M+11.3% | -$238.8M+3.2% | -$246.6M-19.8% | -$205.9M-3.2% | -$199.5M+0.9% | -$201.2M+3.4% | -$208.4M-9.3% | -$190.7M-574.8% | -$28.3M |
Not reported in any period shown, so not listed: Current Assets, Inventory, Accounts Receivable, Goodwill, Current Liabilities, Long-Term Debt.
ATLC Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | TTM | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 | FY16 | FY15 | FY14 | FY13 | FY12 | FY11 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $937.0M | $638.0M+35.9% | $469.4M+2.2% | $459.3M+32.1% | $347.6M+63.7% | $212.4M-0.2% | $212.7M+112.8% | $100.0M+133.3% | $42.9M+261.9% | -$26.5M-167.8% | $39.0M+4415.6% | $864K+104.2% | -$20.7M+22.8% | -$26.9M-1000.0% | $3.0M-96.4% | $83.8M |
| Capital Expenditures | N/A | N/A | N/A | N/A | N/A | N/A | $749K+199.6% | $250K-81.9% | $1.4M+250.1% | $395K+13.2% | $349K-60.5% | $884K-78.3% | $4.1M+16.7% | $3.5M+59.5% | $2.2M+41.9% | $1.5M |
| Free Cash Flow | N/A | N/A | N/A | N/A | N/A | N/A | $212.0M+112.6% | $99.7M+140.4% | $41.5M+254.4% | -$26.9M-169.5% | $38.7M+193430.0% | -$20K+99.9% | -$24.8M+18.3% | -$30.3M-3902.4% | $798K-99.0% | $82.2M |
| Investing Cash Flow | -$1.4B | -$1.5B-102.4% | -$747.0M-11.1% | -$672.2M+1.5% | -$682.3M-43.6% | -$475.0M-62.4% | -$292.6M+32.5% | -$433.7M-222.4% | -$134.5M-67.5% | -$80.3M-5.9% | -$75.8M-621.7% | $14.5M-50.2% | $29.2M-41.3% | $49.7M-78.3% | $229.2M-47.1% | $433.5M |
| Financing Cash Flow | $636.9M | $1.1B+190.1% | $393.6M+141.0% | $163.3M-37.5% | $261.3M-48.8% | $510.3M+214.3% | $162.4M-56.0% | $368.7M+128.0% | $161.7M+91.1% | $84.6M+33.4% | $63.5M+1876.6% | -$3.6M+80.6% | -$18.4M+54.8% | -$40.7M+86.8% | -$309.4M+32.5% | -$458.6M |
| Share Buybacks | $20.3M | $69.6M+32.1% | $52.7M+198.0% | $17.7M-80.1% | $89.0M+252.9% | $25.2M+652.1% | $3.4M+33.2% | $2.5M+248.1% | $723K+85.9% | $389K-59.0% | $949K+266.4% | $259K+0.8% | $257K-81.6% | $1.4M+612.2% | $196K-94.2% | $3.4M |
Not reported in any period shown, so not listed: Dividends Paid.
TTM is the trailing twelve months, Q3 FY2025 through Q2 FY2026, summed from the four most recent quarterly filings. A row marked — cannot be summed at all, because a quarter in the window reports no per-share figure; a row marked N/A could be summed, but a quarter in the window does not report that metric.
ATLC Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples.
| Metric | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 | FY16 | FY15 | FY14 | FY13 | FY12 | FY11 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 71.1%+0.6pp | 70.5%-1.1pp | 71.6%-3.7pp | 75.3%-7.5pp | 82.8%+7.0pp | 75.8%+7.1pp | 68.7% | -568.6% | -498.0% | N/A | N/A | N/A | N/A | N/A | N/A |
| Net Margin | 21.6%-5.8pp | 27.4%-1.3pp | 28.7%-6.1pp | 34.8%-5.7pp | 40.5%+4.4pp | 36.1%+19.4pp | 16.7% | 141.4% | -773.4% | -7.1%-9.6pp | 2.5%-7.3pp | 9.7%+35.3pp | -25.5%-53.7pp | 28.2%-63.9pp | 92.1% |
| Return on Equity | 19.8%-2.5pp | 22.3%-3.5pp | 25.8%-15.4pp | 41.2%-20.5pp | 61.7%-60.1pp | 121.8%-2796.9pp | 2918.7% | N/A | N/A | -109.5%-125.1pp | 15.6%-80.8pp | 96.5%+1620.6pp | -1524.1%-1650.9pp | 126.7%-49.3pp | 176.1% |
| Return on Assets | 1.6%-1.8pp | 3.4%-0.4pp | 3.8%-1.9pp | 5.6%-3.5pp | 9.2%+1.3pp | 7.8%+5.0pp | 2.8%+1.5pp | 1.4%+10.9pp | -9.6%-7.8pp | -1.8%-2.4pp | 0.6%-2.1pp | 2.7%+7.7pp | -5.0%-11.5pp | 6.4%-14.3pp | 20.7% |
| Debt-to-Equity | 11.47+6.0x | 5.460.0x | 5.51-0.4x | 5.89+0.6x | 5.27-7.6x | 12.83-921.9x | 934.75 | N/A | N/A | 61.65+37.0x | 24.62-10.4x | 35.06-266.5x | 301.61+282.9x | 18.72+11.2x | 7.51 |
| FCF Margin | N/A | N/A | N/A | N/A | N/A | 81.3%+18.3pp | 63.0% | 746.5% | -509.5% | 43.6%+43.7pp | 0.0%+33.6pp | -33.7%+10.0pp | -43.6%-44.6pp | 0.9%-55.6pp | 56.5% |
Not reported in any period shown, so not listed: Operating Margin, Current Ratio.
Reported as filed but not readable as a share of revenue in the periods where the ratio runs further from zero than a revenue base allows; no change figure is given where either compared period is one of those: Gross Margin, Net Margin, FCF Margin.
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Where Atlanticus Holdings Corp Ranks
Frequently Asked Questions
What is Atlanticus Holdings Corp's annual revenue?
Atlanticus Holdings Corp (ATLC) reported $557.2M in total revenue for fiscal year 2025. This represents a 38.8% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Atlanticus Holdings Corp's revenue growing?
Atlanticus Holdings Corp (ATLC) revenue grew by 38.8% year-over-year, from $401.4M to $557.2M in fiscal year 2025.
Is Atlanticus Holdings Corp profitable?
Yes, Atlanticus Holdings Corp (ATLC) reported a net income of $120.6M in fiscal year 2025, with a net profit margin of 21.6%.
What is Atlanticus Holdings Corp's gross margin?
Atlanticus Holdings Corp (ATLC) had a gross margin of 71.1% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.
What is Atlanticus Holdings Corp's net profit margin?
Atlanticus Holdings Corp (ATLC) had a net profit margin of 21.6% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is Atlanticus Holdings Corp's return on equity (ROE)?
Atlanticus Holdings Corp (ATLC) has a return on equity of 19.8% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Atlanticus Holdings Corp's operating cash flow?
Atlanticus Holdings Corp (ATLC) generated $638.0M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Atlanticus Holdings Corp's total assets?
Atlanticus Holdings Corp (ATLC) had $7.6B in total assets as of fiscal year 2025, including both current and long-term assets.
What is Atlanticus Holdings Corp's debt-to-equity ratio?
Atlanticus Holdings Corp (ATLC) had a debt-to-equity ratio of 11.47 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Atlanticus Holdings Corp's return on assets (ROA)?
Atlanticus Holdings Corp (ATLC) had a return on assets of 1.6% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Atlanticus Holdings Corp's Piotroski F-Score?
Atlanticus Holdings Corp (ATLC) has a Piotroski F-Score of 4 out of 7 computable signals; 2 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Atlanticus Holdings Corp's earnings high quality?
Atlanticus Holdings Corp (ATLC) has an earnings quality ratio of 5.29x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.