Atlanticus Holdings CorpAtlanticus Holdings Corp
Atlanticus Holdings Corp

Atlanticus Holdings Corp

ATLC
Financials·Consumer Finance

Atlanticus Holdings Corp. is a financial holding company, which engages in the provision of financial technology and related services. It operates through the Credit as a Service (CaaS) and Auto Finance segments. The CaaS segment includes private label credit and general purpose credit cards originated by lenders through multiple channels, including retail and healthcare, direct mail solicitation, digital marketing and partnerships with third parties. The Auto Finance segment services loans secured by independent automotive dealers and automotive finance companies in the buy-here, pay-here used car business. The company was founded by David G. Hanna in August 1996 and is headquartered in Atlanta, GA.

Georgia; U.S.A
Market cap
$1.4BNo data
Revenue
$2B+50.1% YoY
Net income
$122.2M+9.8% YoY
Free cash flow
$638M+35.9% YoY

Market

Listed stock
ATLCPriceNasdaq
Loading…Loading…1Y

Financial performance

Revenue
$2B+50.1% YoY
Operating income
$1.7B+48.9% YoY
Net income
$122.2M+9.8% YoY
Free cash flow
$638M+35.9% YoY

Revenue, profit & cash trend

Revenue
Operating income
Net income
Free cash flow
Reference
Revenue: 2021 $748.1M, 2022 $1B, 2023 $1.2B, 2024 $1.3B, 2025 $2B. Operating income: 2021 $615.1M, 2022 $886.9M, 2023 $1B, 2024 $1.1B, 2025 $1.7B. Net income: 2021 $177.9M, 2022 $135.6M, 2023 $102.8M, 2024 $111.3M, 2025 $122.2M. Free cash flow: 2021 $212.4M, 2022 $346.1M, 2023 $459.3M, 2024 $469.4M, 2025 $638M. Reference line: Reference at $0.

Growth & profitability

Revenue growth
50.1%+3664 bps YoY
Gross margin
No dataNo data
Operating margin
No dataNo data
FCF margin
No dataNo data

Earnings power over time

Operating income
Net income
Free cash flow
Operating income: 2021-12-31 $615.1M, 2022-12-31 $886.9M, 2023-12-31 $1B, 2024-12-31 $1.1B, 2025-12-31 $1.7B. Net income: 2021-12-31 $177.9M, 2022-12-31 $135.6M, 2023-12-31 $102.8M, 2024-12-31 $111.3M, 2025-12-31 $122.2M. Free cash flow: 2021-12-31 $212.4M, 2022-12-31 $346.1M, 2023-12-31 $459.3M, 2024-12-31 $469.4M, 2025-12-31 $638M

Growth heatmap

2022202320242025CAGR
Revenue
+40.0%
+10.4%
+13.5%
+50.1%
+27.4%
Gross profit
+41.5%
+10.9%
+13.1%
+51.5%
+28.0%
Operating income
+44.2%
+12.8%
+13.4%
+48.9%
+28.7%
Free cash flow
+63.0%
+32.7%
+2.2%
+35.9%
+31.7%

Earnings quality

Operating cash flow
$638M+35.9% YoY
Net income
$122.2M+9.8% YoY
Free cash flow
$638M+35.9% YoY
Diluted EPS
No dataNo data

Cash conversion quality

Operating cash flow
Free cash flow
Net income = 100%
Operating cash flow: 2025-12-31 522%, 2024-12-31 422%, 2023-12-31 447%, 2022-12-31 255%, 2021-12-31 119%. Free cash flow: 2025-12-31 522%, 2024-12-31 422%, 2023-12-31 447%, 2022-12-31 255%, 2021-12-31 119%. Reference line: Net income = 100% at 100%.

Per-share economics

Diluted EPS
Latest
No data
FCF / share
Latest
No data
Diluted shares
Latest
No data

Financial flexibility

Cash & equivalents
No dataNo data
Total debt
No dataNo data
Net debt
No dataNo data
Current ratio
No dataNo data

Cash Coverage of Debt

Cash / Total debt
No data

Returns

Return on equity
No dataNo data
Return on assets
No dataNo data
Return on invested capital
No dataNo data
Asset turnover
No dataNo data

Return on capital

No data

Valuation

Price to earnings
No dataNo data
Price to sales
No dataNo data
EV / EBITDA
No dataNo data
Free cash flow yield
No dataNo data

Valuation vs its own 5Y history

Metric
Own five-year range
Current
Own 5Y median
Position in own range
Price to earnings
No data
No data
No data
No data
Price to sales
No data
No data
No data
No data
EV / EBITDA
No data
No data
No data
No data
Free cash flow yield
No data
No data
No data
No data