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Atlanticus Holdings
NASDAQ: ATLC Financials IT 🔎 Screen
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$1.4B
Market Cap
11.2
P/E
15.23
PEG
2.6%
ROCE
19.7%
ROE
10.16
D/E
8.1%
OPM
-16.9%
% from 52W High
79
α RS
🔍 ATLC is showing an earnings-catalyst setup because an ECS of 73 last quarter, RS Rating is 79, and it's within 16.9% of its 52-week high. Net: Broad signal stack, not a recommendation. ? ECS RS Rating 52W High
Sources
ECS 73 · RS Rating 79 · 16.9% from 52W high
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🌏 Global Investor Returns
Currency-adjusted total returns for ATLC including FX impact
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📈 Price History
Ratio Health
Excellent
Good
Average
Poor
By Category
📊 Sector Averages
About

Atlanticus Holdings Corporation, a financial technology company, provides products and services to lenders in the United States.

Key Ratios Snapshot
📈 Growth Pattern
📊 Quick Scorecard
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⭐ Superinvestors Holding ATLC
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Manager Shares Value % of Fund Period
Jim Simons Renaissance Technologies LLC 115.6K $6.1M 0.01% Mar 2026

SEC Form 13F data. 45-day lag from quarter end.

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3-Statement Financial Model
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📊 MIXED Q1 net income $41.9M, EPS $2.23, ROE 26.8%, revenue up 97% to $680M.
Revenue & Profitability
Total operating revenue was $680 million, up 97% year-over-year. Net margin increased over 60% to $190 million. Net income attributable to common shareholders was $41.9 million, or $2.23 per diluted share, up 50% year-over-year and 27% sequentially. Return on average equity was 26.8%.
Outlook
Management notes stable consumer behavior despite macro uncertainty and rising gas prices. Unemployment is steady, jobless claims are at a 50-year low, and inflation-adjusted deposits remain above pre-pandemic levels. They continue to feel confident in portfolio performance and achieving unit-level return targets, expecting earnings growth and returns on equity at or above 20%.
Growth Drivers
Growth is driven by the Mercury acquisition (ahead of plan in origination and integration), legacy portfolio expansion (managed receivables up 35% ex-Mercury), and market share gains in retail credit. Growth is broad-based across private label and general purpose products, supported by increased customer acquisition and deeper engagement with retail partners.
Balance Sheet & CapEx
Not discussed in this earnings call.
Margins
Net margin increased over 60% year-over-year to $190 million. Operating expenses rose 69% to $131 million, reflecting scale, higher marketing, and servicing costs. Management notes that operating leverage benefits are beginning to emerge as the platform scales.
Key Risks
Macro uncertainty persists, particularly regarding rising gas prices and inflation. However, management has not observed any material change in underlying trends. Payment behavior, utilization, and early delinquency trends remain normal. Spending patterns show some shift toward gas, but discretionary spending and dining out remain higher.
Generated by AI · Q1 2026 results · Not investment advice
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✓ 📞 Earnings Call Transcripts (3 quarters) submit a missing quarter
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📞 Earnings Call Transcripts (3)
Q2 2026 Q2 2026 2026-08-06
Record Q2 profits and revenue were driven by both legacy and Mercury portfolios, with net income up 67% year-over-year and ROE at 28.1%. Integration of Mercury is ahead of plan, credit metrics improved, and strong liquidity supports continued growth.
Q1 2026 Q1 2026 2026-05-07
Earnings and revenue surged year-over-year, driven by strong legacy growth and the successful, ahead-of-schedule integration of Mercury Financial. Portfolio performance remains stable, with robust returns and ample capital supporting continued expansion.
Q4 2025 Q4 2025 2026-03-12
2025 saw transformative growth with the Mercury acquisition, record financial results, and strong core business performance. Integration is ahead of schedule, with synergies expected to drive further earnings growth through 2028.
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📊 Analysis Methodology

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Financial Model
Projections are built from each company's audited annual financials (Income Statement, Balance Sheet, Cash Flow) over the last 5 fiscal years. Forward assumptions — revenue growth %, EBITDA margin, D&A (USD millions), interest expense, tax rate, and capex — are AI-generated using historical context and refreshed twice a year: after the December results season and after the September/Q4 results season.

DCF Valuation
Fair Value = Σ(FCFt / (1+WACC)t) + Terminal Value. Terminal Value uses the Gordon Growth Model: FCF5 × (1+g) / (WACC−g). Default WACC: 10% (US risk-free ~4.5%, equity risk premium ~5.5%). Default terminal growth: 3% (long-run US nominal GDP proxy).

CAGR Tracker
Expected 5-year CAGR = (DCF Fair Value / Current Price)1/5 − 1. Assumes fair value is reached in exactly 5 years — a mechanical estimate only.

Data Sources & Limitations
Financial statements sourced from public filings. Prices updated daily. Forward assumptions are AI-generated. All monetary values in USD millions. Non-US ADR companies may have currency conversion inaccuracies. Models are point-in-time and do not update intra-quarter or account for M&A, macro shocks, or extraordinary items.

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Investment Risk:
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No Investment Recommendation:
This analysis does not constitute, nor should it be interpreted as, an offer, solicitation, or recommendation to buy, sell, or hold any securities or financial products. Investors are strongly advised to conduct their own independent research and due diligence and to consult with a licensed financial advisor or an SEC-registered investment adviser before making any investment decisions, taking into account their individual financial situation, risk tolerance, and investment objectives.

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Information Sources:
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