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Consumer finance company providing credit cards and receivables financing to near-prime and subprime consumers.
Consumer finance company providing credit cards and receivables financing to near-prime and subprime consumers.
Earns interest and fees on card balances and point-of-sale loans, much of it at high rates to borrowers banks avoid, and funds them partly by selling bonds backed by the receivables, so results depend on credit losses and funding costs. Partner banks issue the cards and Atlanticus buys the receivables.
Moat: narrow (data, process know-how). Proprietary underwriting analytics built for a credit-constrained population banks typically avoid.
Headquarters: Atlanta, Georgia, US · Founded: 1996 · Employees: 576
Size Atlanticus (ATLC) is a United States Financials company (Finance/Rental/Leasing) with a market value of $1.38B, the 2049th largest of 3,117 United States companies the cockpit tracks. Shares closed at $91.23 on 6 Nov 2026.
Performance Over six months the shares gained 7.6%, against -1.8% for the median peer and -1.1% for the United States market (cap-weighted) — 9th highest of 21 in its peer set.
Growth Revenue grew 83.7% over the last twelve months (peer median +2.9%); the operating margin is 24.5% (peer median 11.1%).
Valuation It trades at 1.97× book value against a peer median of 1.31× (5th most expensive of 21).
Price implies The share price implies a return on equity of about 24.5%; Atlanticus delivers 22.9%, so the price asks more than the business earns today.
Credit Atlanticus has 1 bond outstanding ($400M), rated B- by the agencies and trading like B- at a weighted spread of 539 bp.
Short interest Short interest is 3.8% of the free float (15 Oct 2026).
Next results Next results expected around 18 Mar 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | $2.65B | $1.97B | $1.31B | $1.16B | $1.05B |
| Revenue growth | — | +50% | +13% | +10% | — |
| Gross profit | $2.44B | $1.80B | $1.19B | $1.05B | $949M |
| EBITDA | $668M | $480M | $318M | $243M | $235M |
| Net income | $154M | $122M | $111M | $103M | $136M |
| Free cash flow | $936M | $633M | $468M | $455M | $341M |
| Capital expenditure | $520,000 | $5.02M | $1.79M | $3.99M | $4.85M |
| Total debt | $6.29B | $6.54B | $2.51B | $2.03B | $1.82B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE |
|---|---|---|---|---|---|---|
| Atlanticus ATLC | $1.38B | +8% | +84% | 23% | 1.97× | 24.5% |
| Bread Financial BFH | $3.87B | +17% | +2% | 16% | 1.13× | 12.2% |
| Synchrony Financial SYF | $23.0B | +1% | -2% | 20% | 1.55× | 16.7% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | ATLC | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -0.6% | +1.7% | 7th lowest of 21 |
| 6-month return | +7.6% | -1.8% | 9th highest of 21 |
| Return on equity | 22.9% | 6.9% | highest of 21 |
| Price / book | 1.97× | 1.31× | 5th most expensive of 21 |
| Trailing P/E | 11.8× | 14.7× | 6th cheapest of 18 |
| ROE the price implies | 24.5% | 12.4% | 6th most demanding of 21 |
| ROE delivered | 22.9% | 7.4% | highest of 19 |
| Bond spread | 539 bp | n/a | — |
| Company | Market | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE | Delivered ROE |
|---|---|---|---|---|---|---|---|---|
| Atlanticus ATLC | United States | $1.38B | +8% | +84% | 23% | 1.97× | 24.5% | 22.9% |
| Haitong Unitrust International Financial Leasing 1905.HK | Hong Kong | $1.38B | +57% | -20% | 6% | 0.52× | 4.2% | 6.5% |
| Duskin 4665.T | Japan | $1.40B | +20% | +3% | 7% | 1.43× | 5.4% | 6.7% |
| Zigup ZIG.L | United Kingdom | $1.41B | +14% | +3% | 7% | 0.96× | 12.8% | 7.1% |
| Upbound UPBD | United States | $1.41B | +29% | +3% | 16% | 1.88× | 23.5% | 15.5% |
| Zhejiang Haikong Nanke Huatie Digital Technology 603300.SS | China | $1.34B | -31% | +12% | 5% | 1.29× | 9.8% | 5.3% |
| Walker & Dunlop WD | United States | $1.34B | -28% | +9% | 2% | 0.76× | 10.0% | 2.2% |
| Five-Star Business Finance FIVESTAR.NS | India | $1.33B | -10% | +9% | 15% | 1.59× | 22.3% | 15.2% |
| Taiwan Acceptance 9941.TW | Taiwan | $1.31B | -6% | -3% | 12% | 1.10× | 3.8% | 12.2% |
| PROG PRG | United States | $1.47B | +4% | +10% | 17% | 1.82× | 23.0% | 17.3% |
| Altus AIF.TO | Canada | $1.26B | +15% | -7% | -2% | 5.50× | 28.5% | -2.2% |
| Kanamoto 9678.T | Japan | $1.23B | +17% | +2% | 9% | 1.20× | 6.4% | 9.3% |
| LOTTE rental 089860.KS | South Korea | $1.56B | +74% | +4% | 8% | 1.34× | 6.3% | 7.7% |
| Genertec Universal Medical 2666.HK | Hong Kong | $1.21B | -19% | 0% | 12% | 0.41× | 5.1% | 11.6% |
| Home First Finance Company India HOMEFIRST.NS | India | $1.21B | -10% | +19% | 14% | 2.45× | 31.6% | 14.3% |
| Ricoh Leasing Company,Ltd 8566.T | Japan | $1.20B | 0% | +4% | 5% | 0.77× | 4.3% | 5.3% |
| Sammaan Capital SAMMAANCAP.NS | India | $1.61B | -13% | -60% | -35% | 0.80× | 14.2% | n/a |
| Metro Bank MTRO.L | United Kingdom | $1.63B | +22% | +1% | 4% | 0.94× | 12.1% | 4.3% |
| Greatoo Intelligent Equipment 002031.SZ | China | $1.68B | -11% | -20% | -13% | 6.07× | 54.9% | -13.5% |
| Zip ZIP.AX | Australia | $1.74B | -17% | +24% | 17% | 3.74× | 66.6% | 16.8% |
| IFCI IFCI.NS | India | $1.75B | -4% | -3% | 2% | 1.85× | 36.2% | n/a |
Atlanticus has 1 bond outstanding with $400M face value. The agencies rate it B-; its bonds trade like B-. Weighted yield 9.96%, a spread of 539 bp over government bonds.