Atlanticus Holdi Financials
This page shows Atlanticus Holdi (ATLCL) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 16 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 more revenue and cash, but funding costs are taking a larger share of each incremental dollar.
From FY2023 to FY2025, operating cash flow climbed from$459M to$638M , showing the enlarged balance sheet is producing more real cash activity, not just reported earnings. Over the same span, interest expense surged from$109M to$302M , which helps explain why net income improved only modestly: more scale is working, but more of its economics is being transferred to funding providers before it reaches equity holders.
FY2025 revenue rebounded to
FY2025 brought
Financial Health Signals
Based on FY2025 annual data, averaged across the last 3 years for performance metrics (most-recent year weighted highest). How this score is calculated →
Health score ≠ stock price. This rates the quality of Atlanticus Holdi's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Atlanticus Holdi's revenue surged 38.8% year-over-year to $557.2M, reflecting rapid business expansion. This strong growth earns a score of 76/100.
Atlanticus Holdi has elevated debt relative to equity (D/E of 11.47), meaning the company relies heavily on borrowed funds. This high leverage results in a low score of 0/100, reflecting increased financial risk.
Atlanticus Holdi's ROE of 19.8% shows moderate profitability relative to equity, earning a score of 59/100. This is down from 22.3% the prior year.
Atlanticus Holdi passes 4 of 9 financial strength tests. 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 Holdi 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 Holdi generated $557.2M in revenue in fiscal year 2025. This represents an increase of 38.8% from the prior year.
Atlanticus Holdi reported $120.6M in net income in fiscal year 2025. This represents an increase of 9.5% from the prior year.
Atlanticus Holdi earned $5.96 per diluted share (EPS) in fiscal year 2025. This represents an increase of 24.9% from the prior year.
Cash & Balance Sheet
Atlanticus Holdi held $621.1M in cash against $0 in long-term debt as of fiscal year 2025.
Atlanticus Holdi had 15M shares outstanding in fiscal year 2025. This represents an increase of 0.1% from the prior year.
Margins & Returns
Atlanticus Holdi'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 Holdi'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 Holdi'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.
Capital Allocation
Atlanticus Holdi 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.
ATLCL Income Statement
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $189.7M+7.9% | $175.9M+24.9% | $140.8M+15.1% | $122.3M+3.5% | $118.2M+0.6% | $117.5M+17.0% | $100.4M+11.4% | $90.1M |
| Cost of Revenue | $44.9M-19.2% | $55.6M+42.4% | $39.0M+14.5% | $34.1M+6.0% | $32.2M-10.2% | $35.8M+27.6% | $28.1M+1.3% | $27.7M |
| Gross Profit | $144.8M+20.4% | $120.3M+18.2% | $101.8M+15.4% | $88.2M+2.5% | $86.1M+5.4% | $81.7M+13.0% | $72.3M+15.9% | $62.4M |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | $28.6M+27.4% | $22.5M+23.6% | $18.2M+36.0% | $13.4M-13.7% | $15.5M+23.4% | $12.6M+2.1% | $12.3M+2.7% | $12.0M |
| Operating Income | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Interest Expense | $122.8M-2.0% | $125.2M+65.9% | $75.5M+40.6% | $53.7M+12.9% | $47.5M+6.4% | $44.7M+5.1% | $42.5M+12.0% | $37.9M |
| Income Tax | $14.3M+22.9% | $11.6M+47.1% | $7.9M-19.9% | $9.9M+1.1% | $9.7M+9.6% | $8.9M+9.9% | $8.1M+80.9% | $4.5M |
| Net Income | $44.2M+31.7% | $33.5M+34.3% | $25.0M-18.3% | $30.6M-3.0% | $31.5M+4.7% | $30.1M+1.9% | $29.5M+21.7% | $24.3M |
| EPS (Diluted) | $2.23 | N/A | $1.21-19.9% | $1.51+1.3% | $1.49 | N/A | $1.27+28.3% | $0.99 |
ATLCL Balance Sheet
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $7.5B-2.1% | $7.6B+7.7% | $7.1B+94.3% | $3.6B+11.3% | $3.3B0.0% | $3.3B+7.6% | $3.0B+7.1% | $2.8B |
| Current Assets | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Cash & Equivalents | $651.1M+4.8% | $621.1M+46.1% | $425.0M+29.0% | $329.4M-6.0% | $350.4M-6.7% | $375.4M+21.6% | $308.7M-12.0% | $350.9M |
| Inventory | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Accounts Receivable | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Goodwill | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Liabilities | $6.8B-2.8% | $7.0B+8.1% | $6.5B+112.1% | $3.0B+12.6% | $2.7B+0.4% | $2.7B+8.9% | $2.5B+9.0% | $2.3B |
| Current Liabilities | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Long-Term Debt | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Equity | $648.4M+6.5% | $608.7M+3.3% | $589.3M+4.6% | $563.3M+5.7% | $532.7M+8.1% | $492.9M+7.7% | $457.7M+5.5% | $433.8M |
| Retained Earnings | $548.3M+8.3% | $506.4M+6.9% | $473.6M+5.0% | $450.9M+6.7% | $422.6M+7.1% | $394.6M+7.1% | $368.3M+6.7% | $345.1M |
ATLCL Cash Flow Statement
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $286.3M+7.5% | $266.3M+147.8% | $107.5M-19.0% | $132.7M+0.8% | $131.6M+7.3% | $122.6M+9.1% | $112.4M-2.8% | $115.6M |
| Capital Expenditures | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Free Cash Flow | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Investing Cash Flow | -$51.2M+89.4% | -$484.5M+4.4% | -$506.9M-25.0% | -$405.5M-253.0% | -$114.9M+34.7% | -$176.0M+42.5% | -$306.3M-55.3% | -$197.2M |
| Financing Cash Flow | -$198.5M-143.2% | $459.8M+4.0% | $442.2M+50.1% | $294.6M+637.0% | -$54.9M-132.6% | $168.3M-1.8% | $171.5M+2565.0% | $6.4M |
| Dividends Paid | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | $3.8M-76.6% | $16.4M+65424.0% | $25K-98.7% | $1.9M-96.3% | $51.2M+104.7% | $25.0M-3.1% | $25.8M+1928.6% | $1.3M |
ATLCL Financial Ratios
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 76.3%+7.9pp | 68.4%-3.9pp | 72.3%+0.2pp | 72.1%-0.7pp | 72.8%+3.3pp | 69.5%-2.5pp | 72.0%+2.8pp | 69.3% |
| Operating Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Net Margin | 23.3%+4.2pp | 19.1%+1.3pp | 17.7%-7.3pp | 25.0%-1.7pp | 26.7%+1.0pp | 25.6%-3.8pp | 29.4%+2.5pp | 27.0% |
| Return on Equity | 6.8%+1.3pp | 5.5%+1.3pp | 4.2%-1.2pp | 5.4%-0.5pp | 5.9%-0.2pp | 6.1%-0.3pp | 6.5%+0.9pp | 5.6% |
| Return on Assets | 0.6%+0.1pp | 0.4%+0.1pp | 0.4%-0.5pp | 0.8%-0.1pp | 1.0%+0.0pp | 0.9%-0.1pp | 1.0%+0.1pp | 0.9% |
| Current Ratio | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Debt-to-Equity | 10.46-1.0 | 11.47+0.5 | 10.95+5.5 | 5.40+0.3 | 5.07-0.4 | 5.46+0.1 | 5.40+0.2 | 5.22 |
| FCF Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
Frequently Asked Questions
What is Atlanticus Holdi's annual revenue?
Atlanticus Holdi (ATLCL) 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 Holdi's revenue growing?
Atlanticus Holdi (ATLCL) revenue grew by 38.8% year-over-year, from $401.4M to $557.2M in fiscal year 2025.
Is Atlanticus Holdi profitable?
Yes, Atlanticus Holdi (ATLCL) reported a net income of $120.6M in fiscal year 2025, with a net profit margin of 21.6%.
What is Atlanticus Holdi's gross margin?
Atlanticus Holdi (ATLCL) 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 Holdi's net profit margin?
Atlanticus Holdi (ATLCL) 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 Holdi's return on equity (ROE)?
Atlanticus Holdi (ATLCL) 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 Holdi's operating cash flow?
Atlanticus Holdi (ATLCL) generated $638.0M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Atlanticus Holdi's total assets?
Atlanticus Holdi (ATLCL) had $7.6B in total assets as of fiscal year 2025, including both current and long-term assets.
What is Atlanticus Holdi's debt-to-equity ratio?
Atlanticus Holdi (ATLCL) 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 Holdi's return on assets (ROA)?
Atlanticus Holdi (ATLCL) 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 Holdi's Piotroski F-Score?
Atlanticus Holdi (ATLCL) has a Piotroski F-Score of 4 out of 9, indicating neutral financial health. 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 Holdi's earnings high quality?
Atlanticus Holdi (ATLCL) 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.
How financially healthy is Atlanticus Holdi?
Atlanticus Holdi (ATLCL) scores 23 out of 100 on our Financial Profile, indicating weak overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.