Atlanticus Holdings Corp

atlanticus.com

What Do They Do?

Provides lenders with technology and support to offer consumers private-label and general-purpose credit cards and consumer loans.

How Do They Make Money?

Lenders pay fees for the technology and support, and Atlanticus usually buys the loans generated through those programs. It earns interest and account fees as consumers are billed, merchant fees when retail partners confirm purchases, and servicing and card-use fees as those services or transactions occur.

revenue

Segment	Share	Revenue	How money arrives
Credit and Other Investments Recurring	98% FY2022: 97%		Recurring
Auto Finance Recurring	2.0% FY2022: 3.5%		Recurring

Who Are Their Customers?

Lenders use Atlanticus's technology and support to offer consumer credit; bank partners originate cards through retail and healthcare point-of-sale locations, direct mail, digital marketing, and third-party partnerships. Auto finance products are offered through independent dealers and auto finance companies.

Do Revenues Turn Into Profits?

Yes. It kept 6 cents of every revenue dollar as net income in FY2025.

Net income, FY2025

6% of revenue

▲ +10% vs FY2024 ($111.3M, 8%)

How Are They Changing?

Since the FY2025 annual report

Latest quarter: Q2 FY2026, the three months to Jun 30, 2026

Revenue: ▲ +89%; vs $394.2M in Q2 FY2025
Net income: ▲ +63%; vs $30.6M in Q2 FY2025

Credit and Other Investments share of revenue vs 97.5% in Q2 FY2025

Revenue over time

Credit and Other Investments Auto Finance

$2B$1B$0

FY2021 FY2022 FY2023 FY2024 FY2025

Who Do They Compete With?

Competes with Apple, PayPal, Block, and Klarna

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