Annual Income Statements for Atlanticus
This table shows Atlanticus' income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.
Quarterly Income Statements for Atlanticus
This table shows Atlanticus' income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.
Metric |
|
Q3 2022 |
Q4 2022 |
Q1 2023 |
Q2 2023 |
Q3 2023 |
Q4 2023 |
Q1 2024 |
Q2 2024 |
Q3 2024 |
Q4 2024 |
Q1 2025 |
Net Income / (Loss) Attributable to Common Shareholders |
|
26 |
18 |
20 |
19 |
19 |
20 |
20 |
18 |
23 |
26 |
28 |
Consolidated Net Income / (Loss) |
|
32 |
24 |
26 |
25 |
25 |
26 |
26 |
24 |
29 |
31 |
31 |
Net Income / (Loss) Continuing Operations |
|
32 |
24 |
26 |
25 |
25 |
26 |
26 |
24 |
29 |
31 |
31 |
Total Pre-Tax Income |
|
39 |
30 |
34 |
32 |
32 |
31 |
33 |
29 |
37 |
40 |
41 |
Total Revenue |
|
93 |
82 |
87 |
89 |
89 |
92 |
96 |
91 |
105 |
124 |
119 |
Net Interest Income / (Expense) |
|
208 |
197 |
192 |
204 |
207 |
204 |
207 |
218 |
230 |
225 |
219 |
Total Interest Income |
|
229 |
221 |
217 |
228 |
235 |
237 |
242 |
256 |
272 |
269 |
267 |
Loans and Leases Interest Income |
|
218 |
212 |
210 |
220 |
225 |
225 |
230 |
242 |
255 |
252 |
248 |
Other Interest Income |
|
11 |
8.78 |
6.92 |
7.84 |
10 |
12 |
12 |
14 |
17 |
18 |
19 |
Total Interest Expense |
|
22 |
24 |
24 |
24 |
28 |
33 |
35 |
38 |
42 |
45 |
48 |
Long-Term Debt Interest Expense |
|
22 |
24 |
24 |
24 |
28 |
33 |
35 |
38 |
42 |
45 |
48 |
Total Non-Interest Income |
|
-115 |
-114 |
-105 |
-115 |
-118 |
-112 |
-111 |
-127 |
-125 |
-101 |
-100 |
Other Service Charges |
|
49 |
48 |
44 |
63 |
60 |
72 |
48 |
60 |
79 |
84 |
78 |
Other Non-Interest Income |
|
-164 |
-162 |
-150 |
-178 |
-178 |
-184 |
-159 |
-186 |
-204 |
-184 |
-178 |
Provision for Credit Losses |
|
0.38 |
0.54 |
0.70 |
0.31 |
0.54 |
0.60 |
2.94 |
1.75 |
4.63 |
7.05 |
1.07 |
Total Non-Interest Expense |
|
53 |
53 |
52 |
56 |
56 |
61 |
61 |
61 |
63 |
78 |
77 |
Salaries and Employee Benefits |
|
10 |
11 |
11 |
11 |
11 |
11 |
13 |
12 |
12 |
13 |
16 |
Marketing Expense |
|
11 |
11 |
10 |
14 |
13 |
15 |
10 |
14 |
15 |
17 |
20 |
Other Operating Expenses |
|
31 |
30 |
31 |
31 |
32 |
34 |
36 |
35 |
35 |
47 |
41 |
Depreciation Expense |
|
0.49 |
0.55 |
0.62 |
0.64 |
0.65 |
0.65 |
0.65 |
0.65 |
0.66 |
0.75 |
0.80 |
Nonoperating Income / (Expense), net |
|
0.08 |
0.43 |
0.06 |
0.09 |
-0.01 |
0.49 |
0.53 |
0.38 |
0.27 |
0.31 |
0.29 |
Income Tax Expense |
|
6.95 |
6.09 |
8.19 |
7.20 |
6.79 |
4.43 |
7.00 |
4.48 |
8.10 |
8.90 |
9.75 |
Preferred Stock Dividends Declared |
|
6.30 |
6.32 |
6.23 |
6.29 |
6.34 |
6.34 |
6.29 |
6.31 |
6.32 |
5.01 |
3.57 |
Net Income / (Loss) Attributable to Noncontrolling Interest |
|
-0.20 |
-0.30 |
-0.32 |
-0.28 |
-0.27 |
-0.03 |
-0.35 |
-0.15 |
-0.35 |
-0.33 |
-0.40 |
Basic Earnings per Share |
|
$1.81 |
$1.24 |
$1.38 |
$1.30 |
$1.30 |
$1.37 |
$1.35 |
$1.22 |
$1.58 |
$1.77 |
$1.85 |
Weighted Average Basic Shares Outstanding |
|
14.45M |
14.45M |
14.46M |
14.43M |
14.59M |
14.61M |
14.79M |
14.74M |
14.74M |
15.12M |
15.13M |
Diluted Earnings per Share |
|
$1.41 |
$1.00 |
$1.08 |
$1.02 |
$1.03 |
$1.11 |
$1.09 |
$0.99 |
$1.27 |
$1.42 |
$1.49 |
Weighted Average Diluted Shares Outstanding |
|
14.45M |
14.45M |
14.46M |
14.43M |
14.59M |
14.61M |
14.79M |
14.74M |
14.74M |
15.12M |
15.13M |
Weighted Average Basic & Diluted Shares Outstanding |
|
14.45M |
14.45M |
14.46M |
14.43M |
14.59M |
14.61M |
14.79M |
14.74M |
14.74M |
15.12M |
15.13M |
Annual Cash Flow Statements for Atlanticus
This table details how cash moves in and out of Atlanticus' business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.
Metric |
|
2014 |
2015 |
2016 |
2017 |
2018 |
2019 |
2020 |
2021 |
2022 |
2023 |
2024 |
Net Change in Cash & Equivalents |
|
-11 |
11 |
25 |
-22 |
71 |
35 |
83 |
248 |
-73 |
-50 |
116 |
Net Cash From Operating Activities |
|
-21 |
0.86 |
39 |
-26 |
43 |
100 |
213 |
212 |
348 |
459 |
469 |
Net Cash From Continuing Operating Activities |
|
-21 |
0.86 |
39 |
-26 |
144 |
100 |
213 |
212 |
348 |
459 |
468 |
Net Income / (Loss) Continuing Operations |
|
7.33 |
1.71 |
-6.34 |
-41 |
7.61 |
26 |
94 |
178 |
135 |
102 |
110 |
Consolidated Net Income / (Loss) |
|
7.33 |
1.71 |
-6.34 |
-41 |
7.61 |
26 |
94 |
178 |
135 |
102 |
110 |
Provision For Loan Losses |
|
31 |
27 |
54 |
78 |
100 |
248 |
143 |
36 |
1.25 |
2.15 |
16 |
Depreciation Expense |
|
68 |
41 |
7.48 |
1.02 |
0.99 |
7.69 |
7.95 |
2.49 |
4.85 |
4.04 |
5.19 |
Amortization Expense |
|
-33 |
-40 |
-41 |
-58 |
-72 |
-112 |
-105 |
-161 |
-132 |
-16 |
-14 |
Non-Cash Adjustments to Reconcile Net Income |
|
-53 |
-24 |
2.18 |
-9.09 |
1.29 |
-17 |
-9.38 |
22 |
21 |
-84 |
-113 |
Changes in Operating Assets and Liabilities, net |
|
-40 |
-3.33 |
23 |
2.56 |
5.13 |
-54 |
82 |
135 |
318 |
451 |
463 |
Net Cash From Investing Activities |
|
29 |
15 |
-76 |
-80 |
-135 |
-434 |
-293 |
-475 |
-682 |
-672 |
-747 |
Net Cash From Continuing Investing Activities |
|
29 |
15 |
-76 |
-80 |
1,084 |
-434 |
-293 |
-475 |
-682 |
-672 |
-747 |
Purchase of Property, Leasehold Improvements and Equipment |
|
-4.07 |
-0.88 |
-0.35 |
-0.40 |
-1.38 |
-0.25 |
-0.75 |
- |
-4.85 |
-3.99 |
-1.79 |
Purchase of Investment Securities |
|
-219 |
-271 |
-381 |
-467 |
-608 |
-1,099 |
-1,331 |
-2,026 |
-2,546 |
-2,516 |
-2,629 |
Sale and/or Maturity of Investments |
|
244 |
276 |
296 |
383 |
472 |
664 |
1,039 |
1,550 |
1,869 |
1,848 |
1,884 |
Other Investing Activities, net |
|
8.12 |
11 |
9.42 |
3.64 |
2.35 |
1.52 |
- |
0.56 |
- |
0.00 |
0.00 |
Net Cash From Financing Activities |
|
-18 |
-3.57 |
63 |
85 |
162 |
369 |
162 |
510 |
261 |
163 |
394 |
Net Cash From Continuing Financing Activities |
|
-18 |
-3.56 |
63 |
85 |
1,102 |
369 |
162 |
510 |
261 |
163 |
394 |
Issuance of Debt |
|
116 |
165 |
242 |
325 |
632 |
873 |
588 |
1,066 |
681 |
955 |
1,029 |
Issuance of Preferred Equity |
|
- |
- |
- |
- |
0.00 |
40 |
0.00 |
75 |
0.44 |
1.12 |
1.08 |
Issuance of Common Equity |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
0.00 |
7.07 |
Repayment of Debt |
|
-134 |
-168 |
-178 |
-240 |
-470 |
-592 |
-460 |
-586 |
-310 |
-754 |
-566 |
Repurchase of Common Equity |
|
-0.26 |
-0.26 |
-0.95 |
-0.39 |
-0.72 |
-2.52 |
-3.35 |
-25 |
-89 |
-18 |
-53 |
Payment of Dividends |
|
-0.14 |
-0.00 |
- |
- |
- |
0.00 |
-14 |
-22 |
-25 |
-25 |
-26 |
Other Financing Activities, Net |
|
- |
0.01 |
0.00 |
0.01 |
0.05 |
50 |
51 |
2.27 |
3.85 |
3.41 |
0.89 |
Effect of Exchange Rate Changes |
|
-1.01 |
-0.72 |
-1.62 |
0.17 |
1.01 |
-0.35 |
0.02 |
-0.01 |
-0.04 |
0.00 |
0.00 |
Cash Interest Paid |
|
24 |
18 |
19 |
25 |
33 |
46 |
47 |
48 |
75 |
99 |
146 |
Cash Income Taxes Paid |
|
0.07 |
1.12 |
0.44 |
0.26 |
4.75 |
0.02 |
0.33 |
20 |
4.25 |
1.47 |
0.23 |
Quarterly Cash Flow Statements for Atlanticus
This table details how cash moves in and out of Atlanticus' business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.
Metric |
|
Q3 2022 |
Q4 2022 |
Q1 2023 |
Q2 2023 |
Q3 2023 |
Q4 2023 |
Q1 2024 |
Q2 2024 |
Q3 2024 |
Q4 2024 |
Q1 2025 |
Net Change in Cash & Equivalents |
|
20 |
47 |
1.32 |
-40 |
5.62 |
-16 |
99 |
-75 |
-22 |
115 |
-38 |
Net Cash From Operating Activities |
|
93 |
102 |
102 |
108 |
117 |
133 |
119 |
116 |
112 |
123 |
132 |
Net Cash From Continuing Operating Activities |
|
93 |
102 |
102 |
108 |
117 |
133 |
119 |
116 |
112 |
121 |
131 |
Net Income / (Loss) Continuing Operations |
|
32 |
24 |
26 |
25 |
25 |
26 |
26 |
24 |
29 |
31 |
31 |
Consolidated Net Income / (Loss) |
|
32 |
24 |
26 |
25 |
25 |
26 |
26 |
24 |
29 |
31 |
31 |
Provision For Loan Losses |
|
0.38 |
0.54 |
0.70 |
0.31 |
0.54 |
0.60 |
2.94 |
1.75 |
4.63 |
7.05 |
1.07 |
Depreciation Expense |
|
0.69 |
0.75 |
0.84 |
0.85 |
1.09 |
1.26 |
1.25 |
1.25 |
1.28 |
1.40 |
1.60 |
Amortization Expense |
|
-39 |
-26 |
-33 |
-47 |
67 |
-3.67 |
-4.04 |
-46 |
64 |
-3.11 |
-3.13 |
Non-Cash Adjustments to Reconcile Net Income |
|
0.72 |
22 |
0.75 |
0.85 |
404 |
-490 |
-17 |
0.30 |
456 |
-569 |
-24 |
Changes in Operating Assets and Liabilities, net |
|
97 |
82 |
106 |
128 |
-381 |
598 |
110 |
134 |
-443 |
654 |
124 |
Net Cash From Investing Activities |
|
-170 |
-158 |
-53 |
-188 |
-220 |
-211 |
-68 |
-197 |
-306 |
-176 |
-115 |
Net Cash From Continuing Investing Activities |
|
-170 |
-158 |
-53 |
-188 |
-220 |
-211 |
-68 |
-197 |
-306 |
-176 |
-115 |
Purchase of Property, Leasehold Improvements and Equipment |
|
-0.70 |
-3.55 |
-2.77 |
-1.03 |
- |
- |
-0.06 |
-0.07 |
- |
- |
-2.68 |
Purchase of Investment Securities |
|
-653 |
-599 |
-545 |
-647 |
-672 |
-652 |
-560 |
-678 |
-764 |
-627 |
-621 |
Sale and/or Maturity of Investments |
|
484 |
445 |
495 |
460 |
449 |
445 |
492 |
481 |
458 |
452 |
509 |
Other Investing Activities, net |
|
- |
- |
- |
- |
- |
- |
0.00 |
- |
- |
- |
0.00 |
Net Cash From Financing Activities |
|
98 |
102 |
-47 |
40 |
108 |
62 |
47 |
6.43 |
171 |
168 |
-55 |
Net Cash From Continuing Financing Activities |
|
98 |
102 |
-47 |
40 |
108 |
62 |
47 |
6.43 |
171 |
168 |
-55 |
Issuance of Debt |
|
231 |
199 |
55 |
197 |
420 |
283 |
162 |
317 |
275 |
276 |
300 |
Issuance of Preferred Equity |
|
0.19 |
0.25 |
1.07 |
0.04 |
0.01 |
- |
1.07 |
- |
- |
0.01 |
0.31 |
Issuance of Common Equity |
|
- |
- |
- |
- |
- |
- |
0.00 |
- |
- |
- |
12 |
Repayment of Debt |
|
-118 |
-91 |
-95 |
-148 |
-299 |
-212 |
-109 |
-303 |
-70 |
-85 |
-311 |
Repurchase of Common Equity |
|
-11 |
- |
-1.98 |
-2.99 |
-9.40 |
-3.31 |
-0.54 |
-1.27 |
-26 |
-25 |
-51 |
Payment of Dividends |
|
-6.19 |
-6.23 |
-6.25 |
-6.18 |
-6.22 |
-6.26 |
-6.26 |
-6.24 |
-7.24 |
-6.00 |
-5.62 |
Other Financing Activities, Net |
|
0.81 |
0.21 |
0.02 |
0.04 |
3.03 |
0.32 |
-0.15 |
0.05 |
0.03 |
0.96 |
0.41 |
Cash Interest Paid |
|
20 |
22 |
23 |
22 |
25 |
29 |
33 |
32 |
40 |
41 |
43 |
Cash Income Taxes Paid |
|
0.04 |
0.01 |
0.03 |
0.40 |
1.25 |
-0.22 |
-0.04 |
0.22 |
0.01 |
0.04 |
0.04 |
Annual Balance Sheets for Atlanticus
This table presents Atlanticus' assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.
Metric |
|
2014 |
2015 |
2016 |
2017 |
2018 |
2019 |
2020 |
2021 |
2022 |
2023 |
2024 |
Total Assets |
|
268 |
281 |
363 |
426 |
583 |
936 |
1,207 |
1,944 |
2,388 |
2,706 |
3,271 |
Cash and Due from Banks |
|
40 |
51 |
76 |
41 |
61 |
135 |
178 |
410 |
385 |
339 |
375 |
Restricted Cash |
|
23 |
21 |
17 |
29 |
81 |
41 |
81 |
97 |
48 |
44 |
124 |
Loans and Leases, Net of Allowance |
|
0.00 |
169 |
601 |
294 |
664 |
726 |
920 |
384 |
1,922 |
2,174 |
2,630 |
Loans and Leases |
|
- |
169 |
601 |
294 |
418 |
726 |
920 |
384 |
1,923 |
2,174 |
2,630 |
Premises and Equipment, Net |
|
7.04 |
5.69 |
3.83 |
3.23 |
3.63 |
2.74 |
2.24 |
7.34 |
10 |
11 |
11 |
Other Assets |
|
75 |
24 |
35 |
53 |
16 |
29 |
24 |
1,046 |
23 |
138 |
130 |
Total Liabilities & Shareholders' Equity |
|
268 |
281 |
363 |
426 |
583 |
936 |
1,207 |
1,944 |
2,388 |
2,706 |
3,271 |
Total Liabilities |
|
261 |
270 |
357 |
462 |
605 |
847 |
991 |
1,517 |
1,923 |
2,174 |
2,691 |
Long-Term Debt |
|
200 |
196 |
254 |
337 |
499 |
777 |
910 |
1,422 |
1,798 |
2,006 |
2,481 |
Other Long-Term Liabilities |
|
61 |
22 |
16 |
9.13 |
0.25 |
70 |
40 |
53 |
125 |
168 |
210 |
Commitments & Contingencies |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
Redeemable Noncontrolling Interest |
|
- |
- |
- |
- |
0.00 |
89 |
139 |
140 |
140 |
140 |
90 |
Total Equity & Noncontrolling Interests |
|
7.44 |
11 |
5.78 |
-36 |
-22 |
0.34 |
77 |
287 |
325 |
392 |
489 |
Total Preferred & Common Equity |
|
7.44 |
11 |
5.79 |
-36 |
-22 |
0.91 |
77 |
288 |
326 |
395 |
493 |
Preferred Stock |
|
- |
- |
- |
- |
- |
- |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
Total Common Equity |
|
7.44 |
11 |
5.79 |
-36 |
-22 |
0.91 |
77 |
288 |
326 |
395 |
493 |
Common Stock |
|
211 |
211 |
212 |
213 |
213 |
213 |
195 |
228 |
122 |
87 |
98 |
Retained Earnings |
|
-201 |
-200 |
-206 |
-247 |
-239 |
-212 |
-118 |
60 |
204 |
307 |
395 |
Noncontrolling Interest |
|
0.00 |
-0.01 |
-0.01 |
-0.09 |
-0.34 |
-0.57 |
-0.77 |
-0.50 |
-1.37 |
-2.26 |
-3.54 |
Quarterly Balance Sheets for Atlanticus
This table presents Atlanticus' assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.
Metric |
|
Q2 2022 |
Q3 2022 |
Q1 2023 |
Q2 2023 |
Q3 2023 |
Q1 2024 |
Q2 2024 |
Q3 2024 |
Q1 2025 |
Total Assets |
|
2,116 |
2,252 |
2,375 |
2,455 |
2,597 |
2,787 |
2,837 |
3,040 |
3,272 |
Cash and Due from Banks |
|
316 |
353 |
390 |
343 |
356 |
445 |
351 |
309 |
350 |
Restricted Cash |
|
50 |
34 |
45 |
52 |
44 |
37 |
56 |
76 |
111 |
Loans and Leases, Net of Allowance |
|
1,703 |
1,817 |
0.00 |
1,916 |
2,050 |
2,151 |
0.00 |
2,512 |
2,669 |
Loans and Leases |
|
1,703 |
1,817 |
- |
1,916 |
2,050 |
2,151 |
- |
2,512 |
2,669 |
Premises and Equipment, Net |
|
6.79 |
7.00 |
12 |
13 |
12 |
11 |
10 |
9.68 |
12 |
Other Assets |
|
40 |
41 |
1,929 |
132 |
135 |
143 |
2,420 |
134 |
130 |
Total Liabilities & Shareholders' Equity |
|
2,116 |
2,252 |
2,375 |
2,455 |
2,597 |
2,787 |
2,837 |
3,040 |
3,272 |
Total Liabilities |
|
1,687 |
1,806 |
1,891 |
1,953 |
2,082 |
2,234 |
2,266 |
2,471 |
2,703 |
Long-Term Debt |
|
1,573 |
1,688 |
1,759 |
1,810 |
1,932 |
2,062 |
2,079 |
2,286 |
2,474 |
Other Long-Term Liabilities |
|
67 |
75 |
131 |
96 |
102 |
113 |
187 |
184 |
229 |
Commitments & Contingencies |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
Redeemable Noncontrolling Interest |
|
140 |
140 |
140 |
140 |
140 |
140 |
140 |
115 |
40 |
Total Equity & Noncontrolling Interests |
|
289 |
306 |
345 |
361 |
375 |
413 |
431 |
454 |
529 |
Total Preferred & Common Equity |
|
290 |
307 |
346 |
363 |
377 |
416 |
434 |
458 |
533 |
Preferred Stock |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
Total Common Equity |
|
290 |
307 |
346 |
363 |
377 |
416 |
434 |
458 |
533 |
Common Stock |
|
142 |
127 |
116 |
108 |
96 |
89 |
89 |
89 |
110 |
Retained Earnings |
|
148 |
180 |
231 |
256 |
281 |
327 |
345 |
368 |
423 |
Noncontrolling Interest |
|
-0.98 |
-1.18 |
-1.69 |
-1.96 |
-2.23 |
-2.75 |
-2.91 |
-3.26 |
-3.86 |
Annual Metrics And Ratios for Atlanticus
This table displays calculated financial ratios and metrics derived from Atlanticus' official financial filings.
Metric |
|
2014 |
2015 |
2016 |
2017 |
2018 |
2019 |
2020 |
2021 |
2022 |
2023 |
2024 |
Growth Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Revenue Growth |
|
40.84% |
-10.26% |
-23.98% |
17.22% |
78.70% |
67.99% |
-1.63% |
10.41% |
-12.31% |
-7.97% |
16.83% |
EBITDA Growth |
|
270.38% |
-50.16% |
-1,317.59% |
-64.59% |
70.28% |
-219.86% |
119.68% |
300.89% |
-62.86% |
445.26% |
11.21% |
EBIT Growth |
|
-19.87% |
112.95% |
-449.53% |
-58.22% |
349.91% |
-34.99% |
249.43% |
94.05% |
-31.07% |
-13.83% |
7.16% |
NOPAT Growth |
|
-19.87% |
108.93% |
-606.99% |
-282.41% |
123.01% |
244.32% |
247.67% |
91.38% |
-23.23% |
-24.22% |
7.36% |
Net Income Growth |
|
141.48% |
-76.72% |
-471.69% |
-544.57% |
118.62% |
244.32% |
258.33% |
89.30% |
-24.29% |
-24.26% |
8.00% |
EPS Growth |
|
139.53% |
-76.47% |
-483.33% |
-536.96% |
119.11% |
196.43% |
137.95% |
91.39% |
-22.88% |
-27.27% |
12.50% |
Operating Cash Flow Growth |
|
22.80% |
104.17% |
4,415.63% |
-167.85% |
261.90% |
133.25% |
112.81% |
-0.17% |
63.69% |
32.13% |
2.20% |
Free Cash Flow Firm Growth |
|
27.44% |
-88.73% |
-2,622.61% |
-19.13% |
-127.93% |
-116.25% |
53.81% |
-226.58% |
49.01% |
37.58% |
-136.24% |
Invested Capital Growth |
|
-16.47% |
-0.36% |
25.79% |
15.67% |
58.47% |
81.83% |
29.91% |
64.24% |
22.38% |
12.20% |
20.54% |
Revenue Q/Q Growth |
|
2.05% |
-6.45% |
-2.51% |
17.24% |
90.98% |
-14.29% |
-2.21% |
8.69% |
-10.34% |
2.73% |
8.41% |
EBITDA Q/Q Growth |
|
-38.34% |
-66.48% |
-32.79% |
10.86% |
81.39% |
-182.84% |
121.72% |
39.46% |
-54.87% |
26.29% |
2,781.92% |
EBIT Q/Q Growth |
|
2.20% |
312.49% |
-50.21% |
43.89% |
193.85% |
-82.10% |
130.06% |
18.27% |
-18.12% |
0.68% |
7.32% |
NOPAT Q/Q Growth |
|
2.20% |
-95.64% |
-50.21% |
-54.04% |
131.97% |
-34.91% |
30.85% |
16.48% |
-16.20% |
2.55% |
4.69% |
Net Income Q/Q Growth |
|
130.47% |
-95.64% |
-0.25% |
-65.99% |
119.04% |
-50.65% |
34.86% |
15.01% |
-16.27% |
2.60% |
4.46% |
EPS Q/Q Growth |
|
129.65% |
-95.70% |
-2.22% |
-64.61% |
123.33% |
-48.45% |
35.74% |
15.24% |
-16.24% |
2.66% |
6.95% |
Operating Cash Flow Q/Q Growth |
|
18.01% |
109.30% |
19.17% |
-1,253.38% |
366.09% |
-12.88% |
19.85% |
3.92% |
9.11% |
7.16% |
-2.10% |
Free Cash Flow Firm Q/Q Growth |
|
5.80% |
-94.47% |
-48.41% |
10.96% |
-126.00% |
-23.68% |
20.43% |
-95.77% |
51.37% |
18.37% |
-35.51% |
Invested Capital Q/Q Growth |
|
-1.66% |
0.48% |
7.57% |
-0.79% |
34.72% |
25.93% |
16.18% |
32.16% |
6.02% |
3.74% |
7.17% |
Profitability Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
EBITDA Margin |
|
4.51% |
2.50% |
-40.09% |
-56.29% |
-9.36% |
-17.82% |
3.57% |
12.95% |
5.48% |
32.49% |
30.93% |
EBIT Margin |
|
-16.12% |
2.33% |
-10.69% |
-14.44% |
20.19% |
7.81% |
27.75% |
48.78% |
38.34% |
35.90% |
32.93% |
Profit (Net Income) Margin |
|
4.33% |
1.12% |
-5.49% |
-30.18% |
3.15% |
6.45% |
23.48% |
40.26% |
34.77% |
28.61% |
26.45% |
Tax Burden Percent |
|
-26.83% |
48.26% |
51.32% |
86.50% |
218.61% |
82.52% |
82.10% |
80.97% |
90.18% |
79.31% |
79.45% |
Interest Burden Percent |
|
100.00% |
100.00% |
100.00% |
241.69% |
7.13% |
100.00% |
103.07% |
101.95% |
100.54% |
100.49% |
101.09% |
Effective Tax Rate |
|
0.00% |
51.74% |
0.00% |
0.00% |
-118.61% |
17.48% |
17.90% |
19.03% |
9.82% |
20.69% |
20.55% |
Return on Invested Capital (ROIC) |
|
-8.39% |
0.82% |
-3.71% |
-11.80% |
1.96% |
3.90% |
9.15% |
11.72% |
6.51% |
4.23% |
3.89% |
ROIC Less NNEP Spread (ROIC-NNEP) |
|
3.44% |
0.82% |
-2.68% |
-14.43% |
1.96% |
3.90% |
9.48% |
12.02% |
6.56% |
4.25% |
3.94% |
Return on Net Nonoperating Assets (RNNOA) |
|
178.78% |
17.73% |
-72.11% |
281.13% |
-28.09% |
74.04% |
52.39% |
43.57% |
23.67% |
16.21% |
15.91% |
Return on Equity (ROE) |
|
170.40% |
18.55% |
-75.81% |
269.34% |
-26.13% |
77.94% |
61.54% |
55.30% |
30.18% |
20.44% |
19.80% |
Cash Return on Invested Capital (CROIC) |
|
9.56% |
1.19% |
-26.55% |
-26.32% |
-43.29% |
-54.17% |
-16.87% |
-36.90% |
-13.61% |
-7.28% |
-14.74% |
Operating Return on Assets (OROA) |
|
-8.80% |
1.29% |
-3.84% |
-4.96% |
9.69% |
4.18% |
10.36% |
13.67% |
6.85% |
5.02% |
4.59% |
Return on Assets (ROA) |
|
2.36% |
0.62% |
-1.97% |
-10.37% |
1.51% |
3.45% |
8.76% |
11.28% |
6.22% |
4.00% |
3.68% |
Return on Common Equity (ROCE) |
|
170.49% |
18.56% |
-75.89% |
268.41% |
-25.94% |
-24.20% |
15.76% |
31.41% |
20.78% |
14.77% |
15.81% |
Return on Equity Simple (ROE_SIMPLE) |
|
98.47% |
15.57% |
-109.57% |
113.43% |
-34.93% |
2,892.94% |
121.52% |
61.73% |
41.24% |
25.83% |
22.34% |
Net Operating Profit after Tax (NOPAT) |
|
-19 |
1.71 |
-8.65 |
-33 |
7.61 |
26 |
91 |
174 |
134 |
101 |
109 |
NOPAT Margin |
|
-11.29% |
1.12% |
-7.49% |
-24.42% |
3.15% |
6.45% |
22.79% |
39.49% |
34.58% |
28.47% |
26.16% |
Net Nonoperating Expense Percent (NNEP) |
|
-11.82% |
0.00% |
-1.03% |
2.64% |
0.00% |
0.00% |
-0.33% |
-0.29% |
-0.05% |
-0.03% |
-0.05% |
SG&A Expenses to Revenue |
|
13.08% |
14.51% |
31.19% |
26.45% |
22.37% |
15.40% |
16.03% |
20.53% |
27.24% |
27.03% |
25.54% |
Operating Expenses to Revenue |
|
97.92% |
80.17% |
64.20% |
64.11% |
38.12% |
31.09% |
36.56% |
42.97% |
61.33% |
63.49% |
63.14% |
Earnings before Interest and Taxes (EBIT) |
|
-27 |
3.54 |
-12 |
-20 |
49 |
32 |
111 |
215 |
148 |
128 |
137 |
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA) |
|
7.63 |
3.80 |
-46 |
-76 |
-23 |
-72 |
14 |
57 |
21 |
116 |
129 |
Valuation Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Price to Book Value (P/BV) |
|
4.40 |
4.05 |
6.83 |
0.00 |
0.00 |
157.82 |
5.09 |
3.74 |
1.16 |
1.43 |
1.67 |
Price to Tangible Book Value (P/TBV) |
|
4.40 |
4.05 |
6.83 |
0.00 |
0.00 |
157.82 |
5.09 |
3.74 |
1.16 |
1.43 |
1.67 |
Price to Revenue (P/Rev) |
|
0.19 |
0.29 |
0.34 |
0.25 |
0.23 |
0.35 |
0.98 |
2.44 |
0.98 |
1.58 |
1.97 |
Price to Earnings (P/E) |
|
4.56 |
25.92 |
0.00 |
0.00 |
7.12 |
5.65 |
5.10 |
6.92 |
3.42 |
7.26 |
9.41 |
Dividend Yield |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
Earnings Yield |
|
21.91% |
3.86% |
0.00% |
0.00% |
14.04% |
17.69% |
19.60% |
14.45% |
29.20% |
13.76% |
10.63% |
Enterprise Value to Invested Capital (EV/IC) |
|
0.81 |
0.81 |
0.77 |
0.99 |
0.87 |
0.96 |
1.05 |
1.15 |
0.83 |
0.92 |
0.94 |
Enterprise Value to Revenue (EV/Rev) |
|
1.00 |
1.10 |
1.74 |
2.21 |
1.70 |
2.05 |
2.96 |
4.83 |
4.86 |
6.52 |
6.94 |
Enterprise Value to EBITDA (EV/EBITDA) |
|
22.08 |
44.09 |
0.00 |
0.00 |
0.00 |
0.00 |
82.94 |
37.27 |
88.61 |
20.08 |
22.44 |
Enterprise Value to EBIT (EV/EBIT) |
|
0.00 |
47.45 |
0.00 |
0.00 |
8.44 |
26.20 |
10.66 |
9.89 |
12.67 |
18.17 |
21.08 |
Enterprise Value to NOPAT (EV/NOPAT) |
|
0.00 |
98.32 |
0.00 |
0.00 |
54.19 |
31.75 |
12.98 |
12.22 |
14.05 |
22.91 |
26.53 |
Enterprise Value to Operating Cash Flow (EV/OCF) |
|
0.00 |
194.14 |
5.14 |
0.00 |
9.62 |
8.33 |
5.56 |
10.03 |
5.41 |
5.06 |
6.16 |
Enterprise Value to Free Cash Flow (EV/FCFF) |
|
7.73 |
68.30 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
Leverage & Solvency |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Debt to Equity |
|
26.88 |
17.88 |
44.01 |
-9.32 |
-22.54 |
8.70 |
4.22 |
3.33 |
3.87 |
3.77 |
4.28 |
Long-Term Debt to Equity |
|
26.88 |
17.88 |
44.01 |
-9.32 |
-22.54 |
8.70 |
4.22 |
3.33 |
3.87 |
3.77 |
4.28 |
Financial Leverage |
|
52.00 |
21.52 |
26.90 |
-19.48 |
-14.34 |
18.97 |
5.53 |
3.63 |
3.61 |
3.81 |
4.04 |
Leverage Ratio |
|
72.16 |
29.85 |
38.46 |
-25.97 |
-17.31 |
22.58 |
7.02 |
4.90 |
4.86 |
5.11 |
5.38 |
Compound Leverage Factor |
|
72.16 |
29.85 |
38.46 |
-62.76 |
-1.23 |
22.58 |
7.24 |
5.00 |
4.88 |
5.13 |
5.43 |
Debt to Total Capital |
|
96.41% |
94.70% |
97.78% |
112.01% |
104.64% |
89.69% |
80.83% |
76.90% |
79.45% |
79.02% |
81.07% |
Short-Term Debt to Total Capital |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
Long-Term Debt to Total Capital |
|
96.41% |
94.70% |
97.78% |
112.01% |
104.64% |
89.69% |
80.83% |
76.90% |
79.45% |
79.02% |
81.07% |
Preferred Equity to Total Capital |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
Noncontrolling Interests to Total Capital |
|
0.00% |
0.00% |
0.00% |
-0.03% |
-0.07% |
10.21% |
12.31% |
7.53% |
6.12% |
5.44% |
2.83% |
Common Equity to Total Capital |
|
3.59% |
5.30% |
2.23% |
-11.98% |
-4.57% |
0.10% |
6.87% |
15.58% |
14.43% |
15.55% |
16.11% |
Debt to EBITDA |
|
26.20 |
51.46 |
-5.49 |
-4.42 |
-22.01 |
-10.73 |
63.81 |
24.87 |
84.67 |
17.33 |
19.27 |
Net Debt to EBITDA |
|
17.79 |
32.43 |
-3.48 |
-3.49 |
-15.75 |
-8.29 |
45.65 |
16.01 |
64.26 |
14.01 |
15.39 |
Long-Term Debt to EBITDA |
|
26.20 |
51.46 |
-5.49 |
-4.42 |
-22.01 |
-10.73 |
63.81 |
24.87 |
84.67 |
17.33 |
19.27 |
Debt to NOPAT |
|
-10.46 |
114.74 |
-29.39 |
-10.19 |
65.52 |
29.65 |
9.99 |
8.15 |
13.43 |
19.77 |
22.78 |
Net Debt to NOPAT |
|
-7.10 |
72.30 |
-18.62 |
-8.04 |
46.88 |
22.92 |
7.14 |
5.25 |
10.19 |
15.99 |
18.19 |
Long-Term Debt to NOPAT |
|
-10.46 |
114.74 |
-29.39 |
-10.19 |
65.52 |
29.65 |
9.99 |
8.15 |
13.43 |
19.77 |
22.78 |
Noncontrolling Interest Sharing Ratio |
|
-0.06% |
-0.04% |
-0.11% |
0.34% |
0.74% |
131.05% |
74.38% |
43.19% |
31.13% |
27.72% |
20.18% |
Liquidity Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Cash Flow Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Free Cash Flow to Firm (FCFF) |
|
22 |
2.46 |
-62 |
-74 |
-168 |
-364 |
-168 |
-549 |
-280 |
-175 |
-413 |
Operating Cash Flow to CapEx |
|
-509.69% |
97.74% |
11,179.08% |
-6,701.27% |
3,098.77% |
39,985.20% |
28,402.40% |
0.00% |
7,164.67% |
11,505.94% |
26,238.40% |
Free Cash Flow to Firm to Interest Expense |
|
0.91 |
0.13 |
-3.07 |
0.00 |
-4.56 |
-7.17 |
-3.26 |
-10.14 |
-3.42 |
-1.60 |
-2.58 |
Operating Cash Flow to Interest Expense |
|
-0.86 |
0.05 |
1.93 |
0.00 |
1.16 |
1.97 |
4.13 |
3.92 |
4.25 |
4.20 |
2.93 |
Operating Cash Flow Less CapEx to Interest Expense |
|
-1.03 |
0.00 |
1.91 |
0.00 |
1.12 |
1.97 |
4.11 |
3.94 |
4.19 |
4.16 |
2.92 |
Efficiency Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Asset Turnover |
|
0.55 |
0.55 |
0.36 |
0.34 |
0.48 |
0.54 |
0.37 |
0.28 |
0.18 |
0.14 |
0.14 |
Fixed Asset Turnover |
|
21.20 |
23.89 |
24.28 |
38.38 |
70.62 |
127.79 |
160.67 |
92.23 |
44.64 |
33.21 |
37.91 |
Capital & Investment Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Invested Capital |
|
207 |
207 |
260 |
301 |
477 |
867 |
1,126 |
1,849 |
2,263 |
2,539 |
3,060 |
Invested Capital Turnover |
|
0.74 |
0.73 |
0.50 |
0.48 |
0.62 |
0.61 |
0.40 |
0.30 |
0.19 |
0.15 |
0.15 |
Increase / (Decrease) in Invested Capital |
|
-41 |
-0.75 |
53 |
41 |
176 |
390 |
259 |
723 |
414 |
276 |
522 |
Enterprise Value (EV) |
|
169 |
168 |
201 |
299 |
412 |
832 |
1,183 |
2,131 |
1,882 |
2,325 |
2,890 |
Market Capitalization |
|
33 |
44 |
40 |
33 |
56 |
143 |
393 |
1,076 |
378 |
564 |
822 |
Book Value per Share |
|
$0.54 |
$0.79 |
$0.42 |
($2.60) |
($1.42) |
$0.06 |
$4.84 |
$19.08 |
$22.60 |
$27.06 |
$33.44 |
Tangible Book Value per Share |
|
$0.54 |
$0.79 |
$0.42 |
($2.60) |
($1.42) |
$0.06 |
$4.84 |
$19.08 |
$22.60 |
$27.06 |
$33.44 |
Total Capital |
|
207 |
207 |
260 |
301 |
477 |
867 |
1,126 |
1,849 |
2,263 |
2,539 |
3,060 |
Total Debt |
|
200 |
196 |
254 |
337 |
499 |
777 |
910 |
1,422 |
1,798 |
2,006 |
2,481 |
Total Long-Term Debt |
|
200 |
196 |
254 |
337 |
499 |
777 |
910 |
1,422 |
1,798 |
2,006 |
2,481 |
Net Debt |
|
136 |
123 |
161 |
266 |
357 |
601 |
651 |
915 |
1,364 |
1,622 |
1,981 |
Capital Expenditures (CapEx) |
|
4.07 |
0.88 |
0.35 |
0.40 |
1.38 |
0.25 |
0.75 |
-1.10 |
4.85 |
3.99 |
1.79 |
Net Nonoperating Expense (NNE) |
|
-26 |
0.00 |
-2.31 |
7.80 |
0.00 |
0.00 |
-2.79 |
-3.40 |
-0.73 |
-0.50 |
-1.18 |
Net Nonoperating Obligations (NNO) |
|
200 |
196 |
254 |
337 |
499 |
777 |
910 |
1,422 |
1,798 |
2,006 |
2,481 |
Total Depreciation and Amortization (D&A) |
|
35 |
0.27 |
-34 |
-57 |
-72 |
-104 |
-97 |
-158 |
-127 |
-12 |
-8.33 |
Earnings Adjustments |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Adjusted Basic Earnings per Share |
|
$0.51 |
$0.12 |
($0.46) |
($2.93) |
$0.56 |
$1.74 |
$5.32 |
$10.32 |
$0.00 |
$5.35 |
$5.92 |
Adjusted Weighted Average Basic Shares Outstanding |
|
13.93M |
13.90M |
13.95M |
15.36M |
15.96M |
15.92M |
16.42M |
14.88M |
0.00 |
14.61M |
15.12M |
Adjusted Diluted Earnings per Share |
|
$0.51 |
$0.12 |
($0.46) |
($2.93) |
$0.56 |
$1.66 |
$3.95 |
$7.56 |
$0.00 |
$4.24 |
$4.77 |
Adjusted Weighted Average Diluted Shares Outstanding |
|
13.93M |
13.90M |
13.95M |
15.36M |
15.96M |
15.92M |
16.42M |
14.88M |
0.00 |
14.61M |
15.12M |
Adjusted Basic & Diluted Earnings per Share |
|
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
Adjusted Weighted Average Basic & Diluted Shares Outstanding |
|
13.93M |
13.90M |
13.95M |
15.36M |
15.96M |
15.92M |
16.42M |
14.88M |
0.00 |
14.61M |
15.12M |
Normalized Net Operating Profit after Tax (NOPAT) |
|
-19 |
2.47 |
-8.65 |
-33 |
2.44 |
26 |
91 |
174 |
134 |
101 |
109 |
Normalized NOPAT Margin |
|
-11.29% |
1.63% |
-7.49% |
-24.42% |
1.01% |
6.45% |
22.79% |
39.49% |
34.58% |
28.47% |
26.16% |
Pre Tax Income Margin |
|
-16.12% |
2.33% |
-10.69% |
-34.89% |
1.44% |
7.81% |
28.60% |
49.73% |
38.55% |
36.08% |
33.29% |
Debt Service Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
EBIT to Interest Expense |
|
-1.14 |
0.19 |
-0.61 |
0.00 |
1.32 |
0.63 |
2.15 |
3.98 |
1.81 |
1.17 |
0.86 |
NOPAT to Interest Expense |
|
-0.79 |
0.09 |
-0.43 |
0.00 |
0.21 |
0.52 |
1.77 |
3.22 |
1.64 |
0.93 |
0.68 |
EBIT Less CapEx to Interest Expense |
|
-1.30 |
0.14 |
-0.63 |
0.00 |
1.29 |
0.62 |
2.14 |
4.00 |
1.75 |
1.13 |
0.84 |
NOPAT Less CapEx to Interest Expense |
|
-0.96 |
0.04 |
-0.45 |
0.00 |
0.17 |
0.51 |
1.75 |
3.24 |
1.58 |
0.89 |
0.67 |
Payout Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Dividend Payout Ratio |
|
1.95% |
0.12% |
0.00% |
0.00% |
0.00% |
0.00% |
14.44% |
12.27% |
18.42% |
24.43% |
23.38% |
Augmented Payout Ratio |
|
5.46% |
15.30% |
-14.97% |
-0.95% |
9.50% |
9.60% |
18.01% |
26.45% |
84.54% |
41.77% |
71.22% |
Quarterly Metrics And Ratios for Atlanticus
This table displays calculated financial ratios and metrics derived from Atlanticus' official financial filings.
Metric |
|
Q3 2022 |
Q4 2022 |
Q1 2023 |
Q2 2023 |
Q3 2023 |
Q4 2023 |
Q1 2024 |
Q2 2024 |
Q3 2024 |
Q4 2024 |
Q1 2025 |
Growth Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Revenue Growth |
|
-20.49% |
-35.13% |
-19.27% |
-14.96% |
-4.26% |
11.46% |
10.37% |
3.08% |
17.95% |
35.14% |
24.03% |
EBITDA Growth |
|
105.98% |
-87.48% |
-82.83% |
-621.98% |
7,393.04% |
652.34% |
126.96% |
-14.97% |
2.16% |
36.17% |
32.36% |
EBIT Growth |
|
-32.17% |
-52.82% |
-9.45% |
-24.53% |
-19.04% |
2.94% |
-5.10% |
-11.61% |
16.53% |
30.94% |
25.66% |
NOPAT Growth |
|
-31.37% |
-52.59% |
-42.15% |
-26.37% |
-22.68% |
10.73% |
-1.74% |
-3.81% |
16.01% |
18.88% |
21.65% |
Net Income Growth |
|
-31.27% |
-52.47% |
-42.14% |
-26.58% |
-22.85% |
10.90% |
-0.29% |
-2.77% |
16.88% |
17.88% |
20.54% |
EPS Growth |
|
-28.06% |
-53.05% |
-44.90% |
-30.14% |
-26.95% |
11.00% |
0.93% |
-2.94% |
23.30% |
27.93% |
36.70% |
Operating Cash Flow Growth |
|
525.44% |
39.77% |
25.94% |
50.42% |
25.61% |
30.08% |
16.81% |
6.99% |
-3.85% |
-7.59% |
10.75% |
Free Cash Flow Firm Growth |
|
-83.53% |
42.08% |
41.11% |
55.17% |
59.04% |
35.89% |
12.06% |
-10.81% |
-31.83% |
-96.12% |
-14.88% |
Invested Capital Growth |
|
52.55% |
22.38% |
22.95% |
15.44% |
14.66% |
12.20% |
16.53% |
14.66% |
16.69% |
20.54% |
16.37% |
Revenue Q/Q Growth |
|
-11.10% |
-11.09% |
5.42% |
2.05% |
0.09% |
3.52% |
4.39% |
-4.69% |
14.52% |
18.60% |
-4.19% |
EBITDA Q/Q Growth |
|
-51.70% |
176.57% |
-37.56% |
-725.83% |
793.36% |
-72.23% |
-9.65% |
-417.02% |
716.11% |
-62.99% |
3.15% |
EBIT Q/Q Growth |
|
-7.25% |
-25.19% |
15.91% |
-6.16% |
-0.51% |
-4.88% |
6.86% |
-12.60% |
31.16% |
6.88% |
2.56% |
NOPAT Q/Q Growth |
|
-3.88% |
-27.72% |
10.71% |
-4.27% |
0.93% |
3.51% |
-1.75% |
-6.28% |
21.73% |
6.06% |
0.54% |
Net Income Q/Q Growth |
|
-4.22% |
-26.82% |
9.30% |
-4.17% |
0.64% |
5.21% |
-1.73% |
-6.55% |
20.98% |
6.11% |
0.49% |
EPS Q/Q Growth |
|
-3.42% |
-29.08% |
8.00% |
-5.56% |
0.98% |
7.77% |
-1.80% |
-9.17% |
28.28% |
11.81% |
4.93% |
Operating Cash Flow Q/Q Growth |
|
29.47% |
9.63% |
-0.29% |
6.28% |
8.12% |
13.52% |
-10.46% |
-2.65% |
-2.84% |
9.11% |
7.32% |
Free Cash Flow Firm Q/Q Growth |
|
-10.84% |
44.46% |
-0.69% |
27.67% |
-1.29% |
13.08% |
-38.11% |
8.86% |
-20.49% |
-29.31% |
19.10% |
Invested Capital Q/Q Growth |
|
6.61% |
6.02% |
-0.82% |
2.98% |
5.89% |
3.74% |
3.01% |
1.33% |
7.77% |
7.17% |
-0.56% |
Profitability Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
EBITDA Margin |
|
1.44% |
4.48% |
2.65% |
-16.28% |
112.75% |
30.25% |
5.46% |
-18.15% |
97.66% |
30.48% |
32.81% |
EBIT Margin |
|
42.31% |
35.60% |
39.14% |
35.99% |
35.78% |
32.87% |
33.66% |
30.86% |
35.35% |
31.85% |
34.10% |
Profit (Net Income) Margin |
|
34.91% |
28.73% |
29.79% |
27.97% |
28.13% |
28.59% |
26.91% |
26.39% |
27.87% |
24.94% |
26.15% |
Tax Burden Percent |
|
82.33% |
79.54% |
75.98% |
77.51% |
78.64% |
85.57% |
78.67% |
84.35% |
78.28% |
77.69% |
76.15% |
Interest Burden Percent |
|
100.20% |
101.46% |
100.17% |
100.27% |
99.98% |
101.62% |
101.65% |
101.35% |
100.73% |
100.77% |
100.72% |
Effective Tax Rate |
|
17.67% |
20.46% |
24.02% |
22.49% |
21.36% |
14.43% |
21.33% |
15.65% |
21.72% |
22.31% |
23.85% |
Return on Invested Capital (ROIC) |
|
8.51% |
5.33% |
5.36% |
4.54% |
4.26% |
4.18% |
3.98% |
3.86% |
4.01% |
3.68% |
4.03% |
ROIC Less NNEP Spread (ROIC-NNEP) |
|
8.52% |
5.35% |
5.36% |
4.54% |
4.26% |
4.20% |
4.00% |
3.88% |
4.02% |
3.69% |
4.04% |
Return on Net Nonoperating Assets (RNNOA) |
|
26.99% |
19.32% |
18.93% |
16.51% |
16.05% |
16.00% |
14.73% |
14.06% |
15.63% |
14.89% |
16.34% |
Return on Equity (ROE) |
|
35.51% |
24.66% |
24.28% |
21.05% |
20.31% |
20.18% |
18.71% |
17.92% |
19.64% |
18.57% |
20.37% |
Cash Return on Invested Capital (CROIC) |
|
-32.57% |
-13.61% |
-14.93% |
-9.40% |
-9.34% |
-7.28% |
-11.12% |
-9.63% |
-11.48% |
-14.74% |
-11.08% |
Operating Return on Assets (OROA) |
|
9.78% |
6.36% |
6.68% |
5.52% |
5.12% |
4.60% |
4.76% |
4.29% |
4.82% |
4.44% |
4.94% |
Return on Assets (ROA) |
|
8.07% |
5.14% |
5.08% |
4.29% |
4.02% |
4.00% |
3.81% |
3.67% |
3.80% |
3.47% |
3.79% |
Return on Common Equity (ROCE) |
|
23.88% |
16.98% |
16.78% |
14.78% |
14.46% |
14.58% |
13.74% |
13.32% |
15.12% |
14.82% |
17.22% |
Return on Equity Simple (ROE_SIMPLE) |
|
52.29% |
0.00% |
33.41% |
29.38% |
26.37% |
0.00% |
24.49% |
23.33% |
23.03% |
0.00% |
21.66% |
Net Operating Profit after Tax (NOPAT) |
|
32 |
23 |
26 |
25 |
25 |
26 |
25 |
24 |
29 |
31 |
31 |
NOPAT Margin |
|
34.83% |
28.32% |
29.74% |
27.90% |
28.13% |
28.13% |
26.48% |
26.03% |
27.67% |
24.74% |
25.97% |
Net Nonoperating Expense Percent (NNEP) |
|
0.00% |
-0.02% |
0.00% |
0.00% |
0.00% |
-0.02% |
-0.02% |
-0.02% |
-0.01% |
-0.01% |
-0.01% |
SG&A Expenses to Revenue |
|
23.09% |
26.34% |
24.17% |
28.31% |
26.99% |
28.55% |
24.74% |
27.94% |
25.92% |
24.07% |
30.12% |
Operating Expenses to Revenue |
|
57.28% |
63.74% |
60.05% |
63.66% |
63.62% |
66.47% |
63.28% |
67.23% |
60.23% |
62.48% |
65.01% |
Earnings before Interest and Taxes (EBIT) |
|
39 |
29 |
34 |
32 |
32 |
30 |
32 |
28 |
37 |
40 |
41 |
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA) |
|
1.34 |
3.70 |
2.31 |
-14 |
100 |
28 |
5.24 |
-17 |
102 |
38 |
39 |
Valuation Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Price to Book Value (P/BV) |
|
1.24 |
1.16 |
1.13 |
1.67 |
1.16 |
1.43 |
1.04 |
0.96 |
1.13 |
1.67 |
1.45 |
Price to Tangible Book Value (P/TBV) |
|
1.24 |
1.16 |
1.13 |
1.67 |
1.16 |
1.43 |
1.04 |
0.96 |
1.13 |
1.67 |
1.45 |
Price to Revenue (P/Rev) |
|
0.88 |
0.98 |
1.07 |
1.73 |
1.26 |
1.58 |
1.18 |
1.13 |
1.35 |
1.97 |
1.76 |
Price to Earnings (P/E) |
|
2.78 |
3.42 |
4.27 |
7.34 |
5.80 |
7.26 |
5.58 |
5.43 |
6.38 |
9.41 |
8.10 |
Dividend Yield |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
Earnings Yield |
|
35.94% |
29.20% |
23.39% |
13.62% |
17.23% |
13.76% |
17.93% |
18.40% |
15.67% |
10.63% |
12.34% |
Enterprise Value to Invested Capital (EV/IC) |
|
0.85 |
0.83 |
0.83 |
0.94 |
0.86 |
0.92 |
0.82 |
0.84 |
0.89 |
0.94 |
0.93 |
Enterprise Value to Revenue (EV/Rev) |
|
4.21 |
4.86 |
5.06 |
6.16 |
6.08 |
6.52 |
5.88 |
6.05 |
6.59 |
6.94 |
6.42 |
Enterprise Value to EBITDA (EV/EBITDA) |
|
38.68 |
88.61 |
183.61 |
0.00 |
22.99 |
20.08 |
0.00 |
0.00 |
0.00 |
22.44 |
20.41 |
Enterprise Value to EBIT (EV/EBIT) |
|
10.04 |
12.67 |
12.80 |
16.06 |
16.59 |
18.17 |
17.03 |
18.17 |
19.81 |
21.08 |
19.41 |
Enterprise Value to NOPAT (EV/NOPAT) |
|
11.39 |
14.05 |
16.12 |
20.34 |
21.31 |
22.91 |
21.28 |
22.25 |
24.32 |
26.53 |
24.66 |
Enterprise Value to Operating Cash Flow (EV/OCF) |
|
5.71 |
5.41 |
5.03 |
5.34 |
4.92 |
5.06 |
4.51 |
4.60 |
5.28 |
6.16 |
5.85 |
Enterprise Value to Free Cash Flow (EV/FCFF) |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
Leverage & Solvency |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Debt to Equity |
|
3.78 |
3.87 |
3.63 |
3.61 |
3.75 |
3.77 |
3.72 |
3.64 |
4.02 |
4.28 |
4.35 |
Long-Term Debt to Equity |
|
3.78 |
3.87 |
3.63 |
3.61 |
3.75 |
3.77 |
3.72 |
3.64 |
4.02 |
4.28 |
4.35 |
Financial Leverage |
|
3.17 |
3.61 |
3.53 |
3.64 |
3.77 |
3.81 |
3.68 |
3.62 |
3.89 |
4.04 |
4.04 |
Leverage Ratio |
|
4.41 |
4.86 |
4.79 |
4.91 |
5.05 |
5.11 |
4.97 |
4.93 |
5.20 |
5.38 |
5.40 |
Compound Leverage Factor |
|
4.42 |
4.93 |
4.79 |
4.93 |
5.05 |
5.19 |
5.05 |
5.00 |
5.24 |
5.42 |
5.44 |
Debt to Total Capital |
|
79.10% |
79.45% |
78.40% |
78.30% |
78.97% |
79.02% |
78.83% |
78.44% |
80.06% |
81.07% |
81.31% |
Short-Term Debt to Total Capital |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
Long-Term Debt to Total Capital |
|
79.10% |
79.45% |
78.40% |
78.30% |
78.97% |
79.02% |
78.83% |
78.44% |
80.06% |
81.07% |
81.31% |
Preferred Equity to Total Capital |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
Noncontrolling Interests to Total Capital |
|
6.50% |
6.12% |
6.16% |
5.98% |
5.64% |
5.44% |
5.26% |
5.19% |
3.91% |
2.83% |
1.19% |
Common Equity to Total Capital |
|
14.41% |
14.43% |
15.44% |
15.72% |
15.40% |
15.55% |
15.91% |
16.37% |
16.03% |
16.11% |
17.51% |
Debt to EBITDA |
|
35.88 |
84.67 |
174.12 |
-254.87 |
21.08 |
17.33 |
-429.40 |
-298.56 |
-476.21 |
19.27 |
17.89 |
Net Debt to EBITDA |
|
27.66 |
64.26 |
131.12 |
-199.32 |
16.72 |
14.01 |
-328.94 |
-240.08 |
-396.08 |
15.39 |
14.55 |
Long-Term Debt to EBITDA |
|
35.88 |
84.67 |
174.12 |
-254.87 |
21.08 |
17.33 |
-429.40 |
-298.56 |
-476.21 |
19.27 |
17.89 |
Debt to NOPAT |
|
10.57 |
13.43 |
15.28 |
17.03 |
19.53 |
19.77 |
20.41 |
20.78 |
21.97 |
22.78 |
21.62 |
Net Debt to NOPAT |
|
8.15 |
10.19 |
11.51 |
13.32 |
15.49 |
15.99 |
15.64 |
16.71 |
18.28 |
18.19 |
17.59 |
Long-Term Debt to NOPAT |
|
10.57 |
13.43 |
15.28 |
17.03 |
19.53 |
19.77 |
20.41 |
20.78 |
21.97 |
22.78 |
21.62 |
Noncontrolling Interest Sharing Ratio |
|
32.74% |
31.13% |
30.89% |
29.76% |
28.79% |
27.72% |
26.57% |
25.69% |
23.03% |
20.18% |
15.48% |
Liquidity Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Cash Flow Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Free Cash Flow to Firm (FCFF) |
|
-703 |
-390 |
-393 |
-284 |
-288 |
-250 |
-346 |
-315 |
-380 |
-491 |
-397 |
Operating Cash Flow to CapEx |
|
13,328.65% |
2,870.53% |
3,678.05% |
10,463.60% |
0.00% |
0.00% |
185,618.75% |
172,601.49% |
0.00% |
0.00% |
4,911.24% |
Free Cash Flow to Firm to Interest Expense |
|
-32.67 |
-16.26 |
-16.22 |
-11.74 |
-10.18 |
-7.67 |
-9.86 |
-8.30 |
-8.93 |
-10.99 |
-8.35 |
Operating Cash Flow to Interest Expense |
|
4.32 |
4.25 |
4.20 |
4.46 |
4.13 |
4.07 |
3.39 |
3.05 |
2.64 |
2.74 |
2.77 |
Operating Cash Flow Less CapEx to Interest Expense |
|
4.29 |
4.10 |
4.08 |
4.42 |
4.13 |
4.07 |
3.39 |
3.05 |
2.64 |
2.74 |
2.71 |
Efficiency Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Asset Turnover |
|
0.23 |
0.18 |
0.17 |
0.15 |
0.14 |
0.14 |
0.14 |
0.14 |
0.14 |
0.14 |
0.15 |
Fixed Asset Turnover |
|
108.12 |
44.64 |
38.61 |
36.27 |
36.48 |
33.21 |
31.75 |
32.26 |
35.41 |
37.91 |
37.79 |
Capital & Investment Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Invested Capital |
|
2,134 |
2,263 |
2,244 |
2,311 |
2,447 |
2,539 |
2,615 |
2,650 |
2,856 |
3,060 |
3,043 |
Invested Capital Turnover |
|
0.24 |
0.19 |
0.18 |
0.16 |
0.15 |
0.15 |
0.15 |
0.15 |
0.14 |
0.15 |
0.16 |
Increase / (Decrease) in Invested Capital |
|
735 |
414 |
419 |
309 |
313 |
276 |
371 |
339 |
409 |
522 |
428 |
Enterprise Value (EV) |
|
1,820 |
1,882 |
1,855 |
2,161 |
2,108 |
2,325 |
2,149 |
2,226 |
2,531 |
2,890 |
2,822 |
Market Capitalization |
|
380 |
378 |
392 |
608 |
437 |
564 |
432 |
417 |
517 |
822 |
773 |
Book Value per Share |
|
$21.23 |
$22.60 |
$23.97 |
$25.12 |
$26.11 |
$27.06 |
$28.47 |
$29.33 |
$31.04 |
$33.44 |
$35.22 |
Tangible Book Value per Share |
|
$21.23 |
$22.60 |
$23.97 |
$25.12 |
$26.11 |
$27.06 |
$28.47 |
$29.33 |
$31.04 |
$33.44 |
$35.22 |
Total Capital |
|
2,134 |
2,263 |
2,244 |
2,311 |
2,447 |
2,539 |
2,615 |
2,650 |
2,856 |
3,060 |
3,043 |
Total Debt |
|
1,688 |
1,798 |
1,759 |
1,810 |
1,932 |
2,006 |
2,062 |
2,079 |
2,286 |
2,481 |
2,474 |
Total Long-Term Debt |
|
1,688 |
1,798 |
1,759 |
1,810 |
1,932 |
2,006 |
2,062 |
2,079 |
2,286 |
2,481 |
2,474 |
Net Debt |
|
1,301 |
1,364 |
1,325 |
1,415 |
1,532 |
1,622 |
1,579 |
1,671 |
1,902 |
1,981 |
2,013 |
Capital Expenditures (CapEx) |
|
0.70 |
3.55 |
2.77 |
1.03 |
0.00 |
0.00 |
0.06 |
0.07 |
0.00 |
0.00 |
2.68 |
Net Nonoperating Expense (NNE) |
|
-0.07 |
-0.34 |
-0.04 |
-0.07 |
0.00 |
-0.42 |
-0.42 |
-0.32 |
-0.21 |
-0.24 |
-0.22 |
Net Nonoperating Obligations (NNO) |
|
1,688 |
1,798 |
1,759 |
1,810 |
1,932 |
2,006 |
2,062 |
2,079 |
2,286 |
2,481 |
2,474 |
Total Depreciation and Amortization (D&A) |
|
-38 |
-26 |
-32 |
-46 |
68 |
-2.42 |
-27 |
-45 |
65 |
-1.71 |
-1.53 |
Earnings Adjustments |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Adjusted Basic Earnings per Share |
|
$1.81 |
$1.24 |
$1.38 |
$1.30 |
$1.30 |
$1.37 |
$1.35 |
$1.22 |
$1.58 |
$1.77 |
$1.85 |
Adjusted Weighted Average Basic Shares Outstanding |
|
14.45M |
14.45M |
14.46M |
14.43M |
14.59M |
14.61M |
14.79M |
14.74M |
14.74M |
15.12M |
15.13M |
Adjusted Diluted Earnings per Share |
|
$1.41 |
$1.00 |
$1.08 |
$1.02 |
$1.03 |
$1.11 |
$1.09 |
$0.99 |
$1.27 |
$1.42 |
$1.49 |
Adjusted Weighted Average Diluted Shares Outstanding |
|
14.45M |
14.45M |
14.46M |
14.43M |
14.59M |
14.61M |
14.79M |
14.74M |
14.74M |
15.12M |
15.13M |
Adjusted Basic & Diluted Earnings per Share |
|
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
Adjusted Weighted Average Basic & Diluted Shares Outstanding |
|
14.45M |
14.45M |
14.46M |
14.43M |
14.59M |
14.61M |
14.79M |
14.74M |
14.74M |
15.12M |
15.13M |
Normalized Net Operating Profit after Tax (NOPAT) |
|
32 |
23 |
26 |
25 |
25 |
26 |
25 |
24 |
29 |
31 |
31 |
Normalized NOPAT Margin |
|
34.83% |
28.32% |
29.74% |
27.90% |
28.13% |
28.13% |
26.48% |
26.03% |
27.67% |
24.74% |
25.97% |
Pre Tax Income Margin |
|
42.40% |
36.12% |
39.21% |
36.09% |
35.77% |
33.41% |
34.21% |
31.28% |
35.60% |
32.10% |
34.34% |
Debt Service Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
EBIT to Interest Expense |
|
1.82 |
1.22 |
1.40 |
1.32 |
1.12 |
0.93 |
0.92 |
0.74 |
0.87 |
0.89 |
0.85 |
NOPAT to Interest Expense |
|
1.50 |
0.97 |
1.07 |
1.02 |
0.88 |
0.79 |
0.72 |
0.63 |
0.68 |
0.69 |
0.65 |
EBIT Less CapEx to Interest Expense |
|
1.79 |
1.07 |
1.29 |
1.28 |
1.12 |
0.93 |
0.92 |
0.74 |
0.87 |
0.89 |
0.80 |
NOPAT Less CapEx to Interest Expense |
|
1.47 |
0.82 |
0.95 |
0.98 |
0.88 |
0.79 |
0.72 |
0.63 |
0.68 |
0.69 |
0.59 |
Payout Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Dividend Payout Ratio |
|
15.42% |
18.42% |
21.62% |
23.28% |
25.04% |
24.43% |
24.46% |
24.69% |
24.66% |
23.38% |
21.75% |
Augmented Payout Ratio |
|
82.87% |
84.54% |
43.89% |
38.17% |
39.50% |
41.77% |
40.40% |
39.04% |
54.03% |
71.22% |
111.33% |
Key Financial Trends
Atlanticus Holdings Corp (NASDAQ: ATLCP) has shown consistent financial performance over the last four years with steady growth in key financial metrics. Below is an analysis highlighting important trends and notable changes based on the quarterly financial data from Q2 2022 through Q1 2025.
- Steady increase in Loans and Leases Interest Income: Loan interest income rose from $191.5M in Q2 2022 to $247.7M in Q1 2025, indicating growth in the company's lending operations over time.
- Rising Net Interest Income: Net interest income increased from $185.0M in Q2 2022 to $219.0M in Q1 2025, reflecting improved profitability in core lending activities.
- Consistent Net Income Growth: Net income attributable to common shareholders grew from $17.97M in Q2 2024 to $27.95M in Q1 2025, marking a continuation of positive earnings momentum.
- Stable Earnings Per Share (EPS): Diluted EPS improved from $1.02 in Q2 2023 to $1.49 in Q1 2025, showing enhanced shareholder value despite a fairly stable share count.
- Increasing Total Assets: Total assets grew from approximately $2.1B in Q2 2022 to over $3.2B in Q1 2025, indicating asset base expansion which may support future growth.
- Growth in Long-Term Debt: Long-term debt has increased from $1.57B in Q2 2022 to $2.47B in Q1 2025, suggesting Atlanticus is leveraging debt to finance expansion or operations.
- High and Negative Other Non-Interest Income: This category has consistently shown large negative values (e.g., -$178M in Q1 2025), which offsets positive revenues and could indicate write-downs or losses from non-core activities.
- Amortization Expense Volatility: Amortization expenses showed significant variation quarter-to-quarter, such as a large negative adjustment in Q1 2025 (-$3.13M) versus much higher charges in prior periods, indicating possible one-time or deferred costs affecting net cash from operations.
- Changes in Operating Assets and Liabilities: These changes frequently contributed significant cash inflows (e.g., $124M in Q1 2025), suggesting operational working capital management plays an important role in cash flow fluctuations.
- Higher Provision for Credit Losses recently: The provision increased to over $1.06M in Q1 2025 from lower amounts in prior quarters (e.g., $0.54M in Q4 2022), which could signal rising credit risk impacting profitability.
- Large Repayments and Repurchases: The company made substantial debt repayments (e.g., -$310.7M in Q1 2025) and repurchased common equity (-$51.2M in Q1 2025), which, while possibly beneficial for capital structure, represent significant cash outlays.
- Increasing Marketing and Other Operating Expenses: Marketing expense rose to $20.3M in Q1 2025 from $10.5M in Q4 2022, and other operating expenses also increased to $40.7M from roughly $30.3M in Q4 2022, indicating higher operational costs that may pressure margins if revenue growth does not keep pace.
Summary: Atlanticus has demonstrated steady growth in lending interest income and net interest income, which translates into rising net income and EPS. The asset base and debt levels have expanded significantly, highlighting a growth strategy funded by leverage. However, the persistent negative non-interest income and rising credit loss provisions emphasize the need to monitor potential risks in non-core operations and credit quality. Increased expenses in marketing and operations could pressure profitability if not matched by revenue growth. Overall, the company shows positive earnings and asset trends offset by watchpoints on cost and credit issues.
08/23/25 03:43 PMAI Generated. May Contain Errors.