ATLC Financial Services

Atlanticus Holdings Corporation

$92.49-0.69%

Price as of close on Nov 3, 2026 · Financials updated Nov 3, 2026

Basics

Sector: Financial Services
Industry: Credit Services
Country: United States
Market cap: 1.4B USD
Full-time employees: 576

Overall health

Drawback: higher risk than most peers: its share price swings more than most peers’ (beta 1.78 vs a peer median of 0.70) and more debt relative to equity (7.96× vs a peer median of 0.57×)higher risk: bigger price swings (beta 1.78 vs peers 0.70) and more debt vs equity (7.96× vs peers 0.57×)
About average: profitability

Ranks #71 of 232 financial services companies (top 31%)

See how it ranks against its peers

Worth knowing

Much more borrowing than peers. Debt is 8.0× equity vs a peer median of 0.6×.Debt is 8.0× equity vs peers 0.6×.
Debt is 8.0× shareholders' equity, against a peer median of 0.6×, among the highest 10% of its peer group.Debt is 8.0× shareholders' equity, vs peers 0.6×, among the highest 10% of its peer group.
Valuation signals disagree. Cheaper than 95% of peers on free cash flow, but only 25% on operating cash profit (EBITDA).Cheaper than 95% of peers on free cash flow, but only 25% on operating cash profit.
Relative to its free cash flow, Atlanticus looks cheaper than 95% of peers; relative to its operating cash profit (EBITDA), cheaper than only 25%. The valuation score blends the two, so look at which measure fits this business best.Relative to its free cash flow, Atlanticus looks cheaper than 95% of peers; relative to its operating cash profit, cheaper than only 25%. The valuation score blends the two, so look at which measure fits this business best.
Fast revenue growth. Revenue grew 59% in the 12 months to June 2026 vs the 12 months before, faster than 89% of peers.
Revenue grew 59% in the 12 months to June 2026 vs the 12 months before, faster than 89% of its peers.
More volatile share price. Beta 1.78: tends to move more than the market.
Atlanticus's shares have swung more with the market than most peers' (beta 1.78, above the market's 1.0).

StockQuotient Score

58/ 100▼ 1 since Oct 27 close

Oct 5 59 → Nov 4 58 (-1)

Valuation

Is the price right?

82/100

Strong

3/3 inputs reported · High confidence

Since last quarter: No major changeValuation also moves with the share price every day.

Why

Stronger than most peers on:

▲ FCF yield
▲ Earnings yield

Compare with peers

Behind the score

Sector-normalized EBITDA, earnings, and free cash flow yields.

Earnings yield10.8%

SEC filings · 12 months to Jun 2026Reported value30% base weight · Z-score 1.38Sector median: 0.0571 · MAD: 0.0371

EBITDA yield3.4%

SEC filings · 12 months to Jun 2026Reported value50% base weight · Z-score -0.81Sector median: 0.0689 · MAD: 0.0428

Free cash flow yield66.7%

Yahoo Finance fallback · SEC cash flow or share count unavailable · trailing 12 months · operating cash flow − capital spendingOutlier capped at sector 5th/95th percentile20% base weight · Z-score 9.32Sector median: 0.0613 · MAD: 0.0605

Other data (not scored)

Book yield49.8%

SEC filings · latest balance sheetReported valueInformational · 0% composite weightSector median: 0.8352 · MAD: 0.4517

Growth

Is it growing?

86/100

Strong

3/3 inputs reported · High confidence

Since last quarter: ▲ Stronger

12-month revenue up 16.1%

Why

Stronger than most peers on:

▲ Revenue growth
▲ 3-yr revenue
▲ EPS growth

Compare with peers

Behind the score

Revenue and earnings-per-share growth over one year, and revenue growth over three years.

Earnings per share growth24.8%

SEC filings · 12 months to Jun 2026Reported value33% base weight · Z-score 0.53Sector median: 0.0999 · MAD: 0.2773

3-year revenue growth27.8%

SEC filings · 3 years to Jun 2026Reported value33% base weight · Z-score 2.08Sector median: 0.0999 · MAD: 0.0858

Revenue growth59.2%

SEC filings · 12 months to Jun 2026Reported value33% base weight · Z-score 3.51Sector median: 0.0742 · MAD: 0.1477

Profitability

Does it earn well?

42/100

Moderate▲ 1 since Oct 27 close

3/3 inputs reported · High confidence

Since last quarter: No major change

Why it changed since the Oct 27, 2026 close: Score 41 → 42

Peer companies moved+1

Each step re-scores the company against its peers as they were on Oct 28, 2026; the parts add up to the change. Price effects on EBITDA yield are approximate.

Why

Mixed versus peers:

▲ Operating margin
▼ ROIC

Compare with peers

Behind the score

Return on invested capital, operating margin, and return on assets.

Operating margin28.0%

SEC filings · 12 months to Jun 2026Reported value33% base weight · Z-score 0.30Sector median: 0.2353 · MAD: 0.1462

Return on assets2.0%

SEC filings · 12 months to Jun 2026Reported value33% base weight · Z-score -0.22Sector median: 0.0256 · MAD: 0.0233

Return on invested capital2.8%

SEC filings · 12 months to Jun 2026Reported value33% base weight · Z-score -0.67Sector median: 0.0630 · MAD: 0.0518

Other data (not scored)

Gross margin73.0%

SEC filings · 12 months to Jun 2026Reported valueInformational · 0% composite weightSector median: 0.7878 · MAD: 0.2122

Return on equity21.7%

SEC filings · 12 months to Jun 2026Reported valueInformational · 0% composite weightSector median: 0.0939 · MAD: 0.0702

Risk

Debt, liquidity, price swings

Higher

Higher relative risk

3/3 inputs reported · High confidence

Since last quarter: No major change

Why it changed since the Oct 27, 2026 close: Safety percentile 26 → 23

Peer companies moved-3

Each step re-scores the company against its peers as they were on Oct 28, 2026; the parts add up to the change. Price effects on EBITDA yield are approximate.

Why

Weaker than most peers on:

▼ Beta
▼ Debt / equity

Compare with peers

Behind the score

Relative to sector peers: 0 = lower relative risk · 1 = moderate · 2 = higher. Based on leverage, beta and liquidity.

Beta1.78

Yahoo Finance · 5-year monthly beta vs the marketOutlier capped at sector 5th/95th percentile33% base weight · Z-score -2.99Sector median: 0.7010 · MAD: 0.3115

Current ratio14.84×

Yahoo Finance fallback · SEC figure unavailable or out of dateReported value33% base weight · Z-score 10.27Sector median: 2.0250 · MAD: 1.2470

Debt / equity7.96×

SEC filings · latest balance sheetOutlier capped at sector 5th/95th percentile33% base weight · Z-score -10.25Sector median: 0.5734 · MAD: 0.5454

Valuation, growth and profitability scores: higher is better. Risk: 0 is lower, 2 is higher. Risk is a relative proxy, not a bankruptcy probability. Scores depend on available sector peers.

Questions investors ask about Atlanticus

Is Atlanticus getting weaker?: Its latest SEC filing (Aug 6, 2026) showed no major changes. Its overall score is 58/100, down 1 since Oct 28, 2026.
How is Atlanticus valued vs its peers?: Priced lower than most peers relative to what it earns. Valuation scores 82/100 against 432 financial services peers. Free cash flow yield 66.7% vs a peer median of 6.1% (stronger than 95% of peers).Free cash flow yield 66.7% vs peers 6.1% (stronger than 95% of peers). EBITDA yield 3.4% vs a peer median of 6.9% (weaker than 75% of peers).EBITDA yield 3.4% vs peers 6.9% (weaker than 75% of peers).
Is Atlanticus growing?: Yes, faster than most of its peers. Growth scores 86/100 against 432 financial services peers. Revenue growth 59.2% vs a peer median of 7.4% (stronger than 89% of peers).Revenue growth 59.2% vs peers 7.4% (stronger than 89% of peers).
How profitable is Atlanticus?: About as profitable as its peers. Profitability scores 42/100 against 432 financial services peers. Operating margin 28.0% vs a peer median of 23.5% (stronger than 61% of peers).Operating margin 28.0% vs peers 23.5% (stronger than 61% of peers). Return on invested capital 2.8% vs a peer median of 6.3% (weaker than 70% of peers).Return on invested capital 2.8% vs peers 6.3% (weaker than 70% of peers).
How risky is Atlanticus?: Higher risk relative to 432 financial services peers, judged on debt, liquidity and share-price swings. Current ratio 14.84× vs a peer median of 2.02× (stronger than 88% of peers).Current ratio 14.84× vs peers 2.02× (stronger than 88% of peers). Beta 1.78 vs a peer median of 0.70 (weaker than 100% of peers).Beta 1.78 vs peers 0.70 (weaker than 100% of peers). A relative measure, not a bankruptcy probability.

Latest filing: what changed

Quarter ended Jun 30, 2026 · filed Aug 6, 2026 · compared with the quarter ended Mar 31, 2026

No major changes

	Previous quarter	Latest quarter	Change
Revenue (12 months)	628.7M USD	729.9M USD	+16.1%
Net income (12 months)	133.3M USD	152.4M USD	+14.4%
Operating margin	28.3%	28.0%	−0.3 pts
Debt	5.6B USD	5.6B USD	−1.0%
Cash	651.1M USD	555.2M USD	−14.7%
Shares outstanding	15.1M	15.2M	+0.3%

From the company’s own SEC filings, as filed. Twelve-month figures roll forward one quarter at a time.

Industry valuation context

Sector: Financial Services · 98 companies

Valuations in Financial Services are above their usual range since 2016.

67% of months since 2016 were valued lower than now.
32% of companies are in the most expensive fifth of their own price-to-sales history.
Over 24 months, company values +7% and earnings +21% (medians): prices and earnings moved broadly together.
Median price-to-sales is +30% vs the whole market, against a usual +47%.

2016Shaded: most expensive fifth of its range2026

Shown for Financial Services: too few Credit Services companies have a long enough history of their own.

Financials

Fiscal years from SEC annual filings · change vs the prior year

Key ratios	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	Change
Operating margin	49.1%	38.4%	36.1%	34.1%	28.7%	▼ 5.5 pts
Net margin	40.5%	35.1%	29.0%	27.7%	21.9%	▼ 5.8 pts
Return on assets (ROA)	9.2%	5.7%	3.8%	3.4%	1.6%	▼ 1.8 pts
Return on equity (ROE)	61.8%	41.5%	26.1%	22.6%	20.1%	▼ 2.5 pts
Debt to equity	4.52×	5.14×	4.78×	2.44×	9.57×	▲ 293%
Interest coverage	3.98×	1.81×	1.17×	0.86×	0.53×	▼ 38%

ATLC price history

Price history is added with the daily price update and will appear after the next one.

Similar companies

Sector leaderboards

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Bringing the fundamentals into focus…

Overall health

Drawback: higher risk than most peers: its share price swings more than most peers’ (beta 1.78 vs a peer median of 0.70) and more debt relative to equity (7.96× vs a peer median of 0.57×)higher risk: bigger price swings (beta 1.78 vs peers 0.70) and more debt vs equity (7.96× vs peers 0.57×)

About average: profitability

Ranks #71 of 232 financial services companies (top 31%)

See how it ranks against its peers

Worth knowing

Much more borrowing than peers. Debt is 8.0× equity vs a peer median of 0.6×.Debt is 8.0× equity vs peers 0.6×.

Debt is 8.0× shareholders' equity, against a peer median of 0.6×, among the highest 10% of its peer group.Debt is 8.0× shareholders' equity, vs peers 0.6×, among the highest 10% of its peer group.

Valuation signals disagree. Cheaper than 95% of peers on free cash flow, but only 25% on operating cash profit (EBITDA).Cheaper than 95% of peers on free cash flow, but only 25% on operating cash profit.

Relative to its free cash flow, Atlanticus looks cheaper than 95% of peers; relative to its operating cash profit (EBITDA), cheaper than only 25%. The valuation score blends the two, so look at which measure fits this business best.Relative to its free cash flow, Atlanticus looks cheaper than 95% of peers; relative to its operating cash profit, cheaper than only 25%. The valuation score blends the two, so look at which measure fits this business best.

Fast revenue growth. Revenue grew 59% in the 12 months to June 2026 vs the 12 months before, faster than 89% of peers.

Revenue grew 59% in the 12 months to June 2026 vs the 12 months before, faster than 89% of its peers.

More volatile share price. Beta 1.78: tends to move more than the market.

Atlanticus's shares have swung more with the market than most peers' (beta 1.78, above the market's 1.0).

Questions investors ask about Atlanticus

Is Atlanticus getting weaker?

Its latest SEC filing (Aug 6, 2026) showed no major changes. Its overall score is 58/100, down 1 since Oct 28, 2026.

How is Atlanticus valued vs its peers?

Priced lower than most peers relative to what it earns. Valuation scores 82/100 against 432 financial services peers. Free cash flow yield 66.7% vs a peer median of 6.1% (stronger than 95% of peers).Free cash flow yield 66.7% vs peers 6.1% (stronger than 95% of peers). EBITDA yield 3.4% vs a peer median of 6.9% (weaker than 75% of peers).EBITDA yield 3.4% vs peers 6.9% (weaker than 75% of peers).

Is Atlanticus growing?

Yes, faster than most of its peers. Growth scores 86/100 against 432 financial services peers. Revenue growth 59.2% vs a peer median of 7.4% (stronger than 89% of peers).Revenue growth 59.2% vs peers 7.4% (stronger than 89% of peers).

How profitable is Atlanticus?

About as profitable as its peers. Profitability scores 42/100 against 432 financial services peers. Operating margin 28.0% vs a peer median of 23.5% (stronger than 61% of peers).Operating margin 28.0% vs peers 23.5% (stronger than 61% of peers). Return on invested capital 2.8% vs a peer median of 6.3% (weaker than 70% of peers).Return on invested capital 2.8% vs peers 6.3% (weaker than 70% of peers).

How risky is Atlanticus?

Higher risk relative to 432 financial services peers, judged on debt, liquidity and share-price swings. Current ratio 14.84× vs a peer median of 2.02× (stronger than 88% of peers).Current ratio 14.84× vs peers 2.02× (stronger than 88% of peers). Beta 1.78 vs a peer median of 0.70 (weaker than 100% of peers).Beta 1.78 vs peers 0.70 (weaker than 100% of peers). A relative measure, not a bankruptcy probability.

Previous quarter

Latest quarter

Change

Revenue (12 months)

628.7M USD

729.9M USD

+16.1%

Net income (12 months)

133.3M USD

152.4M USD

+14.4%

Operating margin

28.3%

28.0%

−0.3 pts

Debt

5.6B USD

5.6B USD

−1.0%

Cash

651.1M USD

555.2M USD

−14.7%

Shares outstanding

15.1M

15.2M

+0.3%

Key ratios

FY 2021

FY 2022

FY 2023

FY 2024

FY 2025

Change

Operating margin

49.1%

38.4%

36.1%

34.1%

28.7%

▼ 5.5 pts

Net margin

40.5%

35.1%

29.0%

27.7%

21.9%

▼ 5.8 pts

Return on assets (ROA)

9.2%

5.7%

3.8%

3.4%

1.6%

▼ 1.8 pts

Return on equity (ROE)

61.8%

41.5%

26.1%

22.6%

20.1%

▼ 2.5 pts

Debt to equity

4.52×

5.14×

4.78×

2.44×

9.57×

▲ 293%

Interest coverage

3.98×

1.81×

1.17×

0.86×

0.53×

▼ 38%