What is Atlanticus Holdings's earnings per share (EPS)?

Atlanticus Holdings (ATLCZ) reported diluted earnings per share of $5.96 for fiscal year 2025. This represents a 24.9% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

Atlanticus Holdings Financials

ATLCZ

Source SEC Filings (10-K/10-Q) Updated Dec 31, 2025 Currency USD FYE December

This page shows Atlanticus Holdings (ATLCZ) 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).

Financial Health Signals

Piotroski F-Score Neutral

4/9

Atlanticus Holdings 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.

Earnings Quality Cash-Backed

5.22x

For every $1 of reported earnings, Atlanticus Holdings generates $5.22 in operating cash flow ($638.0M OCF vs $122.2M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Key Financial Metrics

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Earnings & Revenue

Revenue

$557.2M

YoY+38.8%

5Y CAGR+16.4%

10Y CAGR+23.1%

Atlanticus Holdings generated $557.2M in revenue in fiscal year 2025. This represents an increase of 38.8% from the prior year.

EBITDA

N/A

Net Income

$122.2M

YoY+9.8%

5Y CAGR+5.4%

10Y CAGR+53.2%

Atlanticus Holdings reported $122.2M in net income in fiscal year 2025. This represents an increase of 9.8% from the prior year.

EPS (Diluted)

$5.96

YoY+24.9%

5Y CAGR+8.6%

10Y CAGR+47.8%

Atlanticus Holdings 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

Free Cash Flow

N/A

Cash & Debt

$621.1M

YoY+65.4%

10Y CAGR+28.4%

Atlanticus Holdings held $621.1M in cash against $0 in long-term debt as of fiscal year 2025.

Dividends Per Share

N/A

Shares Outstanding

15M

YoY+0.1%

5Y CAGR-1.5%

10Y CAGR-0.3%

Atlanticus Holdings had 15M shares outstanding in fiscal year 2025. This represents an increase of 0.1% from the prior year.

Margins & Returns

Gross Margin

71.1%

YoY+0.6pp

5Y CAGR-4.7pp

Atlanticus Holdings'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.

Operating Margin

N/A

Net Margin

21.9%

YoY-5.8pp

5Y CAGR-14.2pp

10Y CAGR+19.5pp

Atlanticus Holdings's net profit margin was 21.9% in fiscal year 2025, showing the share of revenue converted to profit. This is down 5.8 percentage points from the prior year.

Return on Equity

20.1%

YoY-2.5pp

5Y CAGR-101.7pp

10Y CAGR+4.5pp

Atlanticus Holdings's ROE was 20.1% 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

R&D Spending

N/A

Share Buybacks

$69.6M

YoY+32.1%

5Y CAGR+83.4%

10Y CAGR+74.9%

Atlanticus Holdings 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.

Capital Expenditures

N/A

ATLCZ Income Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Revenue	$557.2M+38.8%	$401.4M+13.1%	$354.8M-8.3%	$386.7M-11.9%	$438.7M+68.4%	$260.6M
Cost of Revenue	$160.8M+35.8%	$118.4M+17.7%	$100.6M+5.4%	$95.4M+26.6%	$75.4M+19.6%	$63.0M
Gross Profit	$396.4M+40.0%	$283.0M+11.3%	$254.2M-12.7%	$291.3M-19.8%	$363.3M+83.9%	$197.5M
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	N/A	N/A	N/A	N/A	N/A	N/A
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	$301.9M+88.5%	$160.2M+46.5%	$109.3M+33.6%	$81.9M+51.2%	$54.1M+5.0%	$51.5M
Income Tax	$39.1M+37.3%	$28.5M+7.0%	$26.6M+81.5%	$14.7M-64.9%	$41.8M+104.1%	$20.5M
Net Income	$122.2M+9.8%	$111.3M+8.2%	$102.8M-24.2%	$135.6M-23.8%	$177.9M+89.0%	$94.1M
EPS (Diluted)	$5.96+24.9%	$4.77+12.5%	$4.24-27.3%	$5.83-22.9%	$7.56+91.4%	$3.95

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
Revenue	$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-3.7%	$93.5M
Cost of Revenue	$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+3.3%	$26.8M
Gross Profit	$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-6.5%	$66.7M
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	$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+8.2%	$35.1M
Income Tax	$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-36.1%	$7.0M
Net Income	$35.1M+40.7%	$25.0M-18.3%	$30.6M-3.0%	$31.5M+0.7%	$31.3M+6.0%	$29.5M+21.7%	$24.3M-7.2%	$26.2M
EPS (Diluted)	N/A	$1.21-19.9%	$1.51+1.3%	$1.49	N/A	$1.27+28.3%	$0.99-9.2%	$1.09

ATLCZ Balance Sheet

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Total Assets	$7.6B+133.1%	$3.3B+20.8%	$2.7B+13.3%	$2.4B+22.8%	$1.9B+61.0%	$1.2B
Current Assets	N/A	N/A	N/A	N/A	N/A	N/A
Cash & Equivalents	$621.1M+65.4%	$375.4M+10.6%	$339.3M	N/A	N/A	N/A
Inventory	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
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$7.0B+159.3%	$2.7B+23.8%	$2.2B+13.1%	$1.9B+26.8%	$1.5B+53.0%	$991.4M
Current Liabilities	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
Total Equity	$608.7M+23.5%	$492.9M+24.9%	$394.7M+20.9%	$326.4M+13.3%	$288.0M+272.7%	$77.3M
Retained Earnings	$506.4M+28.3%	$394.6M+28.4%	$307.3M+50.3%	$204.4M+239.4%	$60.2M+151.2%	-$117.7M

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
Total Assets	$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+1.8%	$2.8B
Current Assets	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Cash & Equivalents	$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-21.1%	$444.8M
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	$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+1.4%	$2.2B
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	$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+4.3%	$416.0M
Retained Earnings	$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+5.5%	$327.1M

ATLCZ Cash Flow Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Operating Cash Flow	$638.0M+35.9%	$469.4M+2.2%	$459.3M+32.1%	$347.6M+63.7%	$212.4M-0.2%	$212.7M
Capital Expenditures	N/A	N/A	N/A	N/A	N/A	$749K
Free Cash Flow	N/A	N/A	N/A	N/A	N/A	$212.0M
Investing Cash Flow	-$1.5B-102.4%	-$747.0M-11.1%	-$672.2M+1.5%	-$682.3M-43.6%	-$475.0M-62.4%	-$292.6M
Financing Cash Flow	$1.1B+190.1%	$393.6M+141.0%	$163.3M-37.5%	$261.3M-48.8%	$510.3M+214.3%	$162.4M
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	$69.6M+32.1%	$52.7M+198.0%	$17.7M-80.1%	$89.0M+252.9%	$25.2M+652.1%	$3.4M

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
Operating Cash Flow	$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-2.7%	$118.8M
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	-$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-192.0%	-$67.5M
Financing Cash Flow	$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-86.4%	$47.4M
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	$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+134.4%	$543K

ATLCZ Financial Ratios

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Gross Margin	71.1%+0.6pp	70.5%-1.1pp	71.6%-3.7pp	75.3%-7.5pp	82.8%+7.0pp	75.8%
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	21.9%-5.8pp	27.7%-1.3pp	29.0%-6.1pp	35.1%-5.5pp	40.6%+4.4pp	36.1%
Return on Equity	20.1%-2.5pp	22.6%-3.5pp	26.1%-15.5pp	41.5%-20.2pp	61.8%-60.0pp	121.8%
Return on Assets	1.6%-1.8pp	3.4%-0.4pp	3.8%-1.9pp	5.7%-3.5pp	9.2%+1.3pp	7.8%
Current Ratio	N/A	N/A	N/A	N/A	N/A	N/A
Debt-to-Equity	11.47+6.0	5.46-0.0	5.51-0.4	5.89+0.6	5.27-7.6	12.83
FCF Margin	N/A	N/A	N/A	N/A	N/A	81.3%

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
Gross Margin	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%-2.1pp	71.3%
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	20.0%+2.2pp	17.7%-7.3pp	25.0%-1.7pp	26.7%0.0pp	26.7%-2.8pp	29.4%+2.5pp	27.0%-1.0pp	28.0%
Return on Equity	5.8%+1.5pp	4.2%-1.2pp	5.4%-0.5pp	5.9%-0.4pp	6.3%-0.1pp	6.5%+0.9pp	5.6%-0.7pp	6.3%
Return on Assets	0.5%+0.1pp	0.4%-0.5pp	0.8%-0.1pp	1.0%0.0pp	1.0%-0.0pp	1.0%+0.1pp	0.9%-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	11.47+0.5	10.95+5.5	5.40+0.3	5.07-0.4	5.46+0.1	5.40+0.2	5.22-0.1	5.37
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

Frequently Asked Questions

What is Atlanticus Holdings's annual revenue?

Atlanticus Holdings (ATLCZ) 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's revenue growing?

Atlanticus Holdings (ATLCZ) revenue grew by 38.8% year-over-year, from $401.4M to $557.2M in fiscal year 2025.

Is Atlanticus Holdings profitable?

Yes, Atlanticus Holdings (ATLCZ) reported a net income of $122.2M in fiscal year 2025, with a net profit margin of 21.9%.

What is Atlanticus Holdings's gross margin?

Atlanticus Holdings (ATLCZ) 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's net profit margin?

Atlanticus Holdings (ATLCZ) had a net profit margin of 21.9% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

What is Atlanticus Holdings's return on equity (ROE)?

Atlanticus Holdings (ATLCZ) has a return on equity of 20.1% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is Atlanticus Holdings's operating cash flow?

Atlanticus Holdings (ATLCZ) generated $638.0M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are Atlanticus Holdings's total assets?

Atlanticus Holdings (ATLCZ) had $7.6B in total assets as of fiscal year 2025, including both current and long-term assets.

Does Atlanticus Holdings buy back shares?

Yes, Atlanticus Holdings (ATLCZ) spent $69.6M on share buybacks during fiscal year 2025, returning capital to shareholders by reducing shares outstanding.

How many shares does Atlanticus Holdings have outstanding?

Atlanticus Holdings (ATLCZ) had 15M shares outstanding as of fiscal year 2025.

What is Atlanticus Holdings's debt-to-equity ratio?

Atlanticus Holdings (ATLCZ) 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's return on assets (ROA)?

Atlanticus Holdings (ATLCZ) 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's Piotroski F-Score?

Atlanticus Holdings (ATLCZ) 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 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Atlanticus Holdings's earnings high quality?

Atlanticus Holdings (ATLCZ) has an earnings quality ratio of 5.22x, 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.