Atlanticus第二季收入7.44億美元大增89% 淨利潤升64%

atlc20260630_10q.htm
 
 
 
0001464343
Atlanticus Holdings Corp
false
--12-31
Q2
2026
225.8
209.6
51.2
117.6
6,466.1
6,522.9
3.7
4.1
18.2
20.1
5,554.0
5,739.1

0
0
10,000,000
10,000,000
400,000
400,000
400,000
400,000
40.0
40.0
0
0
3,584,646
3,584,646
89.6
3,584,131
3,584,131
89.6
0
0
150,000,000
150,000,000
15,170,081
15,170,081
14,922,462
14,922,462
1.50
0.48
1.50
0.48
1.50
0.48
0.04
1.50
0.48
0
2
2
3
2
0
0
0
0
0
http://www.atlanticus.com/20260630#IncreaseDecreaseInFairValueOfLoansAndFeesReceivableRecordedAtFairValue
http://www.atlanticus.com/20260630#IncreaseDecreaseInFairValueOfLoansAndFeesReceivableRecordedAtFairValue
http://fasb.org/us-gaap/2026#OtherNonoperatingIncomeExpense
http://fasb.org/us-gaap/2026#OtherNonoperatingIncomeExpense
3
1
6.7
7.1
7,205.2
7,340.6
December 31, 2028
2.25
2.25
2.60
2.60
January 31, 2028
3.00
October 31, 2026
3.60
April 30, 2028
2.85
March 31, 2028
May 31, 2030
6.33
August 31, 2027
1.80
1.80
6.85
6.85
August 31, 2027
3.50
September 30, 2029
9.51
November 30, 2029
8.86
July 31, 2030
7.78
September 30, 2029
6.60
August 31, 2028
2.00
December 31, 2030
6.76
January 31, 2031
6.74
February 28, 2030
5.82
April 30, 2029
2.40
2.40
7.80
7.80
July 31, 2029
2.25
2.25
8.15
8.15
July 31, 2029
7.46
April 30, 2029
2.15
2.15
8.50
8.50
June 30, 2027
2.00
2.00
7.50
7.50
May 31, 2031
7.02
October 31, 2031
6.90
December 31, 2031
6.00
October 31, 2033
5.59
February 28, 2032
6.16
April 30, 2029
2.1
2.1
6.50
6.50
June 30, 2032
5.61
January 31, 2032
6.83
July 31, 2028
3.00
May 31, 2027
3.75
April 30, 2029
2.50
0
5
0
0
0
4.0
4.0
4.0
0
0
0
0
0
0
0
0
false
false
false
false
For the three months ended March 31, 2026, we recorded a provision for credit losses associated with our notes receivable from consumer technology platforms that are included in Prepaid expenses and other assets on our condensed consolidated balance sheets.
Total Changes in fair value of loans is included in our condensed consolidated statements of income.
For the three and six months ended June 30, 2026, we recorded a provision for credit losses associated with our notes receivable from consumer technology platforms that are included in Prepaid expenses and other assets on our condensed consolidated balance sheets.
Amortization period (months) reflects the scheduled paydown period prior to the stated Maturity date.
Interchange revenue is presented net of customer reward expense and includes network incentives for credit card transactions processed through interchange networks.
Notes payable assumed as part of acquisition of Mercury.
Shares related to unvested share-based payment awards included in our basic and diluted share counts were 445,456 and 352,266 for the three months ended March 31, 2026 and 2025, respectively.
Loans are associated with VIEs. See Note 7, "Variable Interest Entities" for more information.
Creditors do not have recourse against the general assets of the Company but only to the collateral within the VIEs.
Reflects the current period charge-offs (net of recoveries) of loans at fair value.
Shares related to unvested share-based payment awards included in our basic and diluted share counts were 558,680 and 502,381 for the three and six months ended June 30, 2026, respectively compared to the 371,800 and 362,087 shares for the three and six months ended June 30, 2025.
Reflects changes to the fair value associated with Contingent consideration and other purchase price adjustments. See below for more information.
Merchant fees are included in Consumer loans, including past due fees on our condensed consolidated statements of income.
Both the Series A preferred stock and the Series B preferred stock have no par value and are part of the same aggregate 10,000,000 shares authorized.
Loan is subject to certain affirmative covenants, including a coverage ratio, a leverage ratio and a collateral performance test, the failure of which could result in required early repayment of all or a portion of the outstanding balance by our CAR Auto Finance operations.
As of June 30, 2026 and June 30, 2025, the aggregate unpaid principal balance included within loans at fair value was $6,404 million and $2,788 million, respectively.
For fixed rate debt instruments, interest rate is shown as a weighted average. Rates shown do not include the impact of the amortization of debt issuance costs or debt discounts.
For cash, deposits and investments in equity securities, the carrying amount is a reasonable estimate of fair value.
These notes reflect modifications to either extend the maturity date, increase the loan amount or both, and are treated as accounting modifications.

00014643432026-01-012026-06-30
0001464343us-gaap:CommonStockMember2026-01-012026-06-30
0001464343us-gaap:SeriesBPreferredStockMember2026-01-012026-06-30
0001464343atlc:SeniorNotes2026Member2026-01-012026-06-30
0001464343atlc:SeniorNotes2029Member2026-01-012026-06-30
xbrli:shares
00014643432026-08-01
thunderdome:item
iso4217:USD
0001464343us-gaap:VariableInterestEntityPrimaryBeneficiaryMember2026-06-30
0001464343us-gaap:VariableInterestEntityPrimaryBeneficiaryMember2025-12-31
00014643432026-06-30
00014643432025-12-31
iso4217:USDxbrli:shares
0001464343us-gaap:SeriesAPreferredStockMember2026-06-30
0001464343us-gaap:SeriesAPreferredStockMember2025-12-31
0001464343us-gaap:SeriesBPreferredStockMember2026-06-30
0001464343us-gaap:SeriesBPreferredStockMember2025-12-31
00014643432026-04-012026-06-30
00014643432025-04-012025-06-30
00014643432025-01-012025-06-30
0001464343us-gaap:SeriesBPreferredStockMemberus-gaap:PreferredStockMember2025-12-31
0001464343us-gaap:CommonStockMember2025-12-31
0001464343us-gaap:AdditionalPaidInCapitalMember2025-12-31
0001464343us-gaap:RetainedEarningsMember2025-12-31
0001464343us-gaap:NoncontrollingInterestMember2025-12-31
0001464343us-gaap:SeriesAPreferredStockMemberus-gaap:PreferredStockMember2025-12-31
0001464343atlc:ClassBPreferredUnitsMemberus-gaap:PreferredStockMember2025-12-31
0001464343us-gaap:SeriesAPreferredStockMember2026-01-012026-03-31
0001464343us-gaap:SeriesAPreferredStockMemberus-gaap:AdditionalPaidInCapitalMember2026-01-012026-03-31
0001464343us-gaap:SeriesAPreferredStockMemberus-gaap:RetainedEarningsMember2026-01-012026-03-31
0001464343us-gaap:SeriesAPreferredStockMemberus-gaap:NoncontrollingInterestMember2026-01-012026-03-31
0001464343us-gaap:SeriesBPreferredStockMember2026-01-012026-03-31
0001464343us-gaap:SeriesBPreferredStockMemberus-gaap:AdditionalPaidInCapitalMember2026-01-012026-03-31
0001464343us-gaap:SeriesBPreferredStockMemberus-gaap:RetainedEarningsMember2026-01-012026-03-31
0001464343us-gaap:SeriesBPreferredStockMemberus-gaap:NoncontrollingInterestMember2026-01-012026-03-31
0001464343us-gaap:CommonStockMember2026-01-012026-03-31
0001464343us-gaap:AdditionalPaidInCapitalMember2026-01-012026-03-31
00014643432026-01-012026-03-31
0001464343us-gaap:SeriesBPreferredStockMemberus-gaap:PreferredStockMember2026-01-012026-03-31
0001464343us-gaap:NoncontrollingInterestMember2026-01-012026-03-31
0001464343us-gaap:RetainedEarningsMember2026-01-012026-03-31
0001464343us-gaap:SeriesBPreferredStockMemberus-gaap:PreferredStockMember2026-03-31
0001464343us-gaap:CommonStockMember2026-03-31
0001464343us-gaap:AdditionalPaidInCapitalMember2026-03-31
0001464343us-gaap:RetainedEarningsMember2026-03-31
0001464343us-gaap:NoncontrollingInterestMember2026-03-31
00014643432026-03-31
0001464343us-gaap:SeriesAPreferredStockMemberus-gaap:PreferredStockMember2026-03-31
0001464343atlc:ClassBPreferredUnitsMemberus-gaap:PreferredStockMember2026-03-31
0001464343us-gaap:SeriesAPreferredStockMember2026-04-012026-06-30
0001464343us-gaap:SeriesAPreferredStockMemberus-gaap:AdditionalPaidInCapitalMember2026-04-012026-06-30
0001464343us-gaap:SeriesAPreferredStockMemberus-gaap:RetainedEarningsMember2026-04-012026-06-30
0001464343us-gaap:SeriesAPreferredStockMemberus-gaap:NoncontrollingInterestMember2026-04-012026-06-30
0001464343us-gaap:SeriesBPreferredStockMember2026-04-012026-06-30
0001464343us-gaap:SeriesBPreferredStockMemberus-gaap:AdditionalPaidInCapitalMember2026-04-012026-06-30
0001464343us-gaap:SeriesBPreferredStockMemberus-gaap:RetainedEarningsMember2026-04-012026-06-30
0001464343us-gaap:SeriesBPreferredStockMemberus-gaap:NoncontrollingInterestMember2026-04-012026-06-30
0001464343us-gaap:SeriesBPreferredStockMemberus-gaap:PreferredStockMember2026-04-012026-06-30
0001464343us-gaap:CommonStockMember2026-04-012026-06-30
0001464343us-gaap:AdditionalPaidInCapitalMember2026-04-012026-06-30
0001464343us-gaap:RetainedEarningsMember2026-04-012026-06-30
0001464343us-gaap:NoncontrollingInterestMember2026-04-012026-06-30
0001464343us-gaap:SeriesAPreferredStockMemberus-gaap:PreferredStockMember2026-04-012026-06-30
0001464343atlc:ClassBPreferredUnitsMemberus-gaap:PreferredStockMember2026-04-012026-06-30
0001464343us-gaap:SeriesBPreferredStockMemberus-gaap:PreferredStockMember2026-06-30
0001464343us-gaap:CommonStockMember2026-06-30
0001464343us-gaap:AdditionalPaidInCapitalMember2026-06-30
0001464343us-gaap:RetainedEarningsMember2026-06-30
0001464343us-gaap:NoncontrollingInterestMember2026-06-30
0001464343us-gaap:SeriesAPreferredStockMemberus-gaap:PreferredStockMember2026-06-30
0001464343atlc:ClassBPreferredUnitsMemberus-gaap:PreferredStockMember2026-06-30
0001464343us-gaap:SeriesBPreferredStockMemberus-gaap:PreferredStockMember2024-12-31
0001464343us-gaap:CommonStockMember2024-12-31
0001464343us-gaap:AdditionalPaidInCapitalMember2024-12-31
0001464343us-gaap:RetainedEarningsMember2024-12-31
0001464343us-gaap:NoncontrollingInterestMember2024-12-31
00014643432024-12-31
0001464343us-gaap:SeriesAPreferredStockMemberus-gaap:PreferredStockMember2024-12-31
0001464343atlc:ClassBPreferredUnitsMemberus-gaap:PreferredStockMember2024-12-31
0001464343us-gaap:SeriesAPreferredStockMember2025-01-012025-03-31
0001464343us-gaap:SeriesAPreferredStockMemberus-gaap:AdditionalPaidInCapitalMember2025-01-012025-03-31
0001464343us-gaap:SeriesAPreferredStockMemberus-gaap:RetainedEarningsMember2025-01-012025-03-31
0001464343us-gaap:SeriesAPreferredStockMemberus-gaap:NoncontrollingInterestMember2025-01-012025-03-31
0001464343us-gaap:SeriesBPreferredStockMember2025-01-012025-03-31
0001464343us-gaap:SeriesBPreferredStockMemberus-gaap:AdditionalPaidInCapitalMember2025-01-012025-03-31
0001464343us-gaap:SeriesBPreferredStockMemberus-gaap:RetainedEarningsMember2025-01-012025-03-31
0001464343us-gaap:SeriesBPreferredStockMemberus-gaap:NoncontrollingInterestMember2025-01-012025-03-31
0001464343atlc:ClassBPreferredUnitsMember2025-01-012025-03-31
0001464343atlc:ClassBPreferredUnitsMemberus-gaap:AdditionalPaidInCapitalMember2025-01-012025-03-31
0001464343atlc:ClassBPreferredUnitsMemberus-gaap:RetainedEarningsMember2025-01-012025-03-31
0001464343atlc:ClassBPreferredUnitsMemberus-gaap:NoncontrollingInterestMember2025-01-012025-03-31
0001464343us-gaap:CommonStockMember2025-01-012025-03-31
0001464343us-gaap:AdditionalPaidInCapitalMember2025-01-012025-03-31
00014643432025-01-012025-03-31
0001464343atlc:CommonStocksMemberus-gaap:CommonStockMember2025-01-012025-03-31
0001464343atlc:CommonStocksMemberus-gaap:AdditionalPaidInCapitalMember2025-01-012025-03-31
0001464343atlc:CommonStocksMember2025-01-012025-03-31
0001464343us-gaap:SeriesBPreferredStockMemberus-gaap:PreferredStockMember2025-01-012025-03-31
0001464343us-gaap:NoncontrollingInterestMember2025-01-012025-03-31
0001464343atlc:ClassBPreferredUnitsMemberus-gaap:PreferredStockMember2025-01-012025-03-31
0001464343us-gaap:RetainedEarningsMember2025-01-012025-03-31
0001464343us-gaap:SeriesBPreferredStockMemberus-gaap:PreferredStockMember2025-03-31
0001464343us-gaap:CommonStockMember2025-03-31
0001464343us-gaap:AdditionalPaidInCapitalMember2025-03-31
0001464343us-gaap:RetainedEarningsMember2025-03-31
0001464343us-gaap:NoncontrollingInterestMember2025-03-31
00014643432025-03-31
0001464343us-gaap:SeriesAPreferredStockMemberus-gaap:PreferredStockMember2025-03-31
0001464343atlc:ClassBPreferredUnitsMemberus-gaap:PreferredStockMember2025-03-31
0001464343us-gaap:SeriesAPreferredStockMember2025-04-012025-06-30
0001464343us-gaap:SeriesAPreferredStockMemberus-gaap:AdditionalPaidInCapitalMember2025-04-012025-06-30
0001464343us-gaap:SeriesAPreferredStockMemberus-gaap:RetainedEarningsMember2025-04-012025-06-30
0001464343us-gaap:SeriesAPreferredStockMemberus-gaap:NoncontrollingInterestMember2025-04-012025-06-30
0001464343us-gaap:SeriesBPreferredStockMember2025-04-012025-06-30
0001464343us-gaap:SeriesBPreferredStockMemberus-gaap:AdditionalPaidInCapitalMember2025-04-012025-06-30
0001464343us-gaap:SeriesBPreferredStockMemberus-gaap:RetainedEarningsMember2025-04-012025-06-30
0001464343us-gaap:SeriesBPreferredStockMemberus-gaap:NoncontrollingInterestMember2025-04-012025-06-30
0001464343us-gaap:SeriesBPreferredStockMemberus-gaap:PreferredStockMember2025-04-012025-06-30
0001464343us-gaap:CommonStockMember2025-04-012025-06-30
0001464343us-gaap:AdditionalPaidInCapitalMember2025-04-012025-06-30
0001464343us-gaap:RetainedEarningsMember2025-04-012025-06-30
0001464343us-gaap:NoncontrollingInterestMember2025-04-012025-06-30
0001464343us-gaap:SeriesAPreferredStockMemberus-gaap:PreferredStockMember2025-04-012025-06-30
0001464343atlc:ClassBPreferredUnitsMemberus-gaap:PreferredStockMember2025-04-012025-06-30
0001464343atlc:CommonStocksMemberus-gaap:CommonStockMember2025-04-012025-06-30
0001464343atlc:CommonStocksMemberus-gaap:AdditionalPaidInCapitalMember2025-04-012025-06-30
0001464343atlc:CommonStocksMember2025-04-012025-06-30
0001464343us-gaap:SeriesBPreferredStockMemberus-gaap:PreferredStockMember2025-06-30
0001464343us-gaap:CommonStockMember2025-06-30
0001464343us-gaap:AdditionalPaidInCapitalMember2025-06-30
0001464343us-gaap:RetainedEarningsMember2025-06-30
0001464343us-gaap:NoncontrollingInterestMember2025-06-30
00014643432025-06-30
0001464343us-gaap:SeriesAPreferredStockMemberus-gaap:PreferredStockMember2025-06-30
0001464343atlc:ClassBPreferredUnitsMemberus-gaap:PreferredStockMember2025-06-30
utr:M
00014643432025-01-012026-06-30
0001464343atlc:OtherNotesReceivableMember2026-03-31
0001464343atlc:AutoFinanceReceivablesMember2026-03-31
0001464343atlc:TotalReceivablesMember2026-03-31
0001464343atlc:OtherNotesReceivableMember2025-03-31
0001464343atlc:AutoFinanceReceivablesMember2025-03-31
0001464343atlc:TotalReceivablesMember2025-03-31
0001464343atlc:OtherNotesReceivableMember2026-04-012026-06-30
0001464343atlc:AutoFinanceReceivablesMember2026-04-012026-06-30
0001464343atlc:TotalReceivablesMember2026-04-012026-06-30
0001464343atlc:OtherNotesReceivableMember2025-04-012025-06-30
0001464343atlc:AutoFinanceReceivablesMember2025-04-012025-06-30
0001464343atlc:TotalReceivablesMember2025-04-012025-06-30
0001464343atlc:OtherNotesReceivableMember2026-06-30
0001464343atlc:AutoFinanceReceivablesMember2026-06-30
0001464343atlc:TotalReceivablesMember2026-06-30
0001464343atlc:OtherNotesReceivableMember2025-06-30
0001464343atlc:AutoFinanceReceivablesMember2025-06-30
0001464343atlc:TotalReceivablesMember2025-06-30
0001464343atlc:OtherNotesReceivableMember2025-12-31
0001464343atlc:AutoFinanceReceivablesMember2025-12-31
0001464343atlc:TotalReceivablesMember2025-12-31
0001464343atlc:OtherNotesReceivableMember2024-12-31
0001464343atlc:AutoFinanceReceivablesMember2024-12-31
0001464343atlc:TotalReceivablesMember2024-12-31
0001464343atlc:OtherNotesReceivableMember2026-01-012026-06-30
0001464343atlc:AutoFinanceReceivablesMember2026-01-012026-06-30
0001464343atlc:TotalReceivablesMember2026-01-012026-06-30
0001464343atlc:OtherNotesReceivableMember2025-01-012025-06-30
0001464343atlc:AutoFinanceReceivablesMember2025-01-012025-06-30
0001464343atlc:TotalReceivablesMember2025-01-012025-06-30
0001464343us-gaap:NotesReceivableMember2026-06-30
0001464343us-gaap:NotesReceivableMember2025-12-31
0001464343us-gaap:FinancingReceivables30To59DaysPastDueMember2026-06-30
0001464343us-gaap:FinancingReceivables30To59DaysPastDueMember2025-12-31
0001464343us-gaap:FinancingReceivables60To89DaysPastDueMember2026-06-30
0001464343us-gaap:FinancingReceivables60To89DaysPastDueMember2025-12-31
0001464343us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2026-06-30
0001464343us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2025-12-31
0001464343us-gaap:FinancialAssetPastDueMember2026-06-30
0001464343us-gaap:FinancialAssetPastDueMember2025-12-31
0001464343us-gaap:FinancialAssetNotPastDueMember2026-06-30
0001464343us-gaap:FinancialAssetNotPastDueMember2025-12-31
0001464343atlc:LoansAtAmortizedCostMember2026-06-30
0001464343atlc:LoansAtAmortizedCostMember2025-12-31
0001464343atlc:MercuryFinancialLlcMemberatlc:InternallyDevelopedSoftwareMember2026-01-012026-06-30
utr:Y
0001464343us-gaap:SoftwareDevelopmentMember2026-06-30
0001464343us-gaap:SoftwareDevelopmentMember2025-12-31
xbrli:pure
0001464343atlc:InterchangeRevenuesOtherRevenueMemberatlc:CreditAndOtherInvestmentsMember2026-04-012026-06-30
0001464343atlc:InterchangeRevenuesOtherRevenueMemberatlc:AutoFinanceMember2026-04-012026-06-30
0001464343atlc:InterchangeRevenuesOtherRevenueMember2026-04-012026-06-30
0001464343atlc:ServicingIncomeOtherRevenueMemberatlc:CreditAndOtherInvestmentsMember2026-04-012026-06-30
0001464343atlc:ServicingIncomeOtherRevenueMemberatlc:AutoFinanceMember2026-04-012026-06-30
0001464343atlc:ServicingIncomeOtherRevenueMember2026-04-012026-06-30
0001464343atlc:ServiceChargesAndOtherCustomerRelatedFeesOtherRevenueMemberatlc:CreditAndOtherInvestmentsMember2026-04-012026-06-30
0001464343atlc:ServiceChargesAndOtherCustomerRelatedFeesOtherRevenueMemberatlc:AutoFinanceMember2026-04-012026-06-30
0001464343atlc:ServiceChargesAndOtherCustomerRelatedFeesOtherRevenueMember2026-04-012026-06-30
0001464343atlc:OtherRevenueMemberatlc:CreditAndOtherInvestmentsMember2026-04-012026-06-30
0001464343atlc:OtherRevenueMemberatlc:AutoFinanceMember2026-04-012026-06-30
0001464343atlc:OtherRevenueMember2026-04-012026-06-30
0001464343atlc:MerchantFeesMemberatlc:CreditAndOtherInvestmentsMember2026-04-012026-06-30
0001464343atlc:MerchantFeesMemberatlc:AutoFinanceMember2026-04-012026-06-30
0001464343atlc:MerchantFeesMember2026-04-012026-06-30
0001464343atlc:CreditAndOtherInvestmentsMember2026-04-012026-06-30
0001464343atlc:AutoFinanceMember2026-04-012026-06-30
0001464343atlc:InterchangeRevenuesOtherRevenueMemberatlc:CreditAndOtherInvestmentsMember2026-01-012026-06-30
0001464343atlc:InterchangeRevenuesOtherRevenueMemberatlc:AutoFinanceMember2026-01-012026-06-30
0001464343atlc:InterchangeRevenuesOtherRevenueMember2026-01-012026-06-30
0001464343atlc:ServicingIncomeOtherRevenueMemberatlc:CreditAndOtherInvestmentsMember2026-01-012026-06-30
0001464343atlc:ServicingIncomeOtherRevenueMemberatlc:AutoFinanceMember2026-01-012026-06-30
0001464343atlc:ServicingIncomeOtherRevenueMember2026-01-012026-06-30
0001464343atlc:ServiceChargesAndOtherCustomerRelatedFeesOtherRevenueMemberatlc:CreditAndOtherInvestmentsMember2026-01-012026-06-30
0001464343atlc:ServiceChargesAndOtherCustomerRelatedFeesOtherRevenueMemberatlc:AutoFinanceMember2026-01-012026-06-30
0001464343atlc:ServiceChargesAndOtherCustomerRelatedFeesOtherRevenueMember2026-01-012026-06-30
0001464343atlc:OtherRevenueMemberatlc:CreditAndOtherInvestmentsMember2026-01-012026-06-30
0001464343atlc:OtherRevenueMemberatlc:AutoFinanceMember2026-01-012026-06-30
0001464343atlc:OtherRevenueMember2026-01-012026-06-30
0001464343atlc:MerchantFeesMemberatlc:CreditAndOtherInvestmentsMember2026-01-012026-06-30
0001464343atlc:MerchantFeesMemberatlc:AutoFinanceMember2026-01-012026-06-30
0001464343atlc:MerchantFeesMember2026-01-012026-06-30
0001464343atlc:CreditAndOtherInvestmentsMember2026-01-012026-06-30
0001464343atlc:AutoFinanceMember2026-01-012026-06-30
0001464343atlc:InterchangeRevenuesOtherRevenueMemberatlc:CreditAndOtherInvestmentsMember2025-04-012025-06-30
0001464343atlc:InterchangeRevenuesOtherRevenueMemberatlc:AutoFinanceMember2025-04-012025-06-30
0001464343atlc:InterchangeRevenuesOtherRevenueMember2025-04-012025-06-30
0001464343atlc:ServicingIncomeOtherRevenueMemberatlc:CreditAndOtherInvestmentsMember2025-04-012025-06-30
0001464343atlc:ServicingIncomeOtherRevenueMemberatlc:AutoFinanceMember2025-04-012025-06-30
0001464343atlc:ServicingIncomeOtherRevenueMember2025-04-012025-06-30
0001464343atlc:ServiceChargesAndOtherCustomerRelatedFeesOtherRevenueMemberatlc:CreditAndOtherInvestmentsMember2025-04-012025-06-30
0001464343atlc:ServiceChargesAndOtherCustomerRelatedFeesOtherRevenueMemberatlc:AutoFinanceMember2025-04-012025-06-30
0001464343atlc:ServiceChargesAndOtherCustomerRelatedFeesOtherRevenueMember2025-04-012025-06-30
0001464343atlc:OtherRevenueMemberatlc:CreditAndOtherInvestmentsMember2025-04-012025-06-30
0001464343atlc:OtherRevenueMemberatlc:AutoFinanceMember2025-04-012025-06-30
0001464343atlc:OtherRevenueMember2025-04-012025-06-30
0001464343atlc:MerchantFeesMemberatlc:CreditAndOtherInvestmentsMember2025-04-012025-06-30
0001464343atlc:MerchantFeesMemberatlc:AutoFinanceMember2025-04-012025-06-30
0001464343atlc:MerchantFeesMember2025-04-012025-06-30
0001464343atlc:CreditAndOtherInvestmentsMember2025-04-012025-06-30
0001464343atlc:AutoFinanceMember2025-04-012025-06-30
0001464343atlc:InterchangeRevenuesOtherRevenueMemberatlc:CreditAndOtherInvestmentsMember2025-01-012025-06-30
0001464343atlc:InterchangeRevenuesOtherRevenueMemberatlc:AutoFinanceMember2025-01-012025-06-30
0001464343atlc:InterchangeRevenuesOtherRevenueMember2025-01-012025-06-30
0001464343atlc:ServicingIncomeOtherRevenueMemberatlc:CreditAndOtherInvestmentsMember2025-01-012025-06-30
0001464343atlc:ServicingIncomeOtherRevenueMemberatlc:AutoFinanceMember2025-01-012025-06-30
0001464343atlc:ServicingIncomeOtherRevenueMember2025-01-012025-06-30
0001464343atlc:ServiceChargesAndOtherCustomerRelatedFeesOtherRevenueMemberatlc:CreditAndOtherInvestmentsMember2025-01-012025-06-30
0001464343atlc:ServiceChargesAndOtherCustomerRelatedFeesOtherRevenueMemberatlc:AutoFinanceMember2025-01-012025-06-30
0001464343atlc:ServiceChargesAndOtherCustomerRelatedFeesOtherRevenueMember2025-01-012025-06-30
0001464343atlc:OtherRevenueMemberatlc:CreditAndOtherInvestmentsMember2025-01-012025-06-30
0001464343atlc:OtherRevenueMemberatlc:AutoFinanceMember2025-01-012025-06-30
0001464343atlc:OtherRevenueMember2025-01-012025-06-30
0001464343atlc:MerchantFeesMemberatlc:CreditAndOtherInvestmentsMember2025-01-012025-06-30
0001464343atlc:MerchantFeesMemberatlc:AutoFinanceMember2025-01-012025-06-30
0001464343atlc:MerchantFeesMember2025-01-012025-06-30
0001464343atlc:CreditAndOtherInvestmentsMember2025-01-012025-06-30
0001464343atlc:AutoFinanceMember2025-01-012025-06-30
0001464343atlc:CreditAndOtherInvestmentsMember2026-06-30
0001464343atlc:AutoFinanceMember2026-06-30
0001464343atlc:CreditAndOtherInvestmentsMember2025-06-30
0001464343atlc:AutoFinanceMember2025-06-30
0001464343atlc:O2021ADividendsMemberus-gaap:SeriesBPreferredStockMember2026-01-012026-06-30
0001464343us-gaap:SeriesBPreferredStockMember2025-01-012025-06-30
0001464343srt:MaximumMemberus-gaap:SeriesBPreferredStockMember2022-08-10
0001464343atlc:SeniorNotes2026Memberatlc:PublicOfferingMember2022-08-10
0001464343atlc:SeniorNotes2029Memberatlc:PublicOfferingMember2022-08-10
0001464343srt:MaximumMember2023-12-29
0001464343us-gaap:SeriesBPreferredStockMemberatlc:PublicOfferingMember2026-04-012026-06-30
0001464343us-gaap:SeriesBPreferredStockMemberatlc:PublicOfferingMember2026-01-012026-06-30
0001464343us-gaap:SeriesBPreferredStockMemberatlc:PublicOfferingMember2025-04-012025-06-30
0001464343us-gaap:SeriesBPreferredStockMemberatlc:PublicOfferingMember2025-01-012025-06-30
0001464343atlc:SeniorNotes2029Memberatlc:PublicOfferingMember2026-04-012026-06-30
0001464343atlc:SeniorNotes2029Memberatlc:PublicOfferingMember2026-01-012026-06-30
0001464343atlc:SeniorNotes2029Memberatlc:PublicOfferingMember2025-04-012025-06-30
0001464343atlc:SeniorNotes2029Memberatlc:PublicOfferingMember2025-01-012025-06-30
0001464343atlc:CommonSharesMemberatlc:PublicOfferingMember2025-01-012025-06-30
0001464343atlc:CommonSharesMemberatlc:PublicOfferingMember2026-04-012026-06-30
0001464343atlc:CommonSharesMemberatlc:PublicOfferingMember2026-01-012026-06-30
0001464343atlc:CommonSharesMemberatlc:PublicOfferingMember2025-04-012025-06-30
0001464343atlc:SeniorSecuredTermLoanFacilityMemberatlc:DoveVenturesLLCMember2014-11-26
0001464343us-gaap:SeriesAPreferredStockMember2019-12-27
0001464343atlc:SeniorSecuredTermLoanFacilityMemberatlc:DoveVenturesLLCMember2019-12-272019-12-27
0001464343us-gaap:SeriesAPreferredStockMember2019-12-272019-12-27
0001464343atlc:ClassBPreferredUnitsMember2019-11-14
0001464343atlc:ClassBPreferredUnitsMember2020-03-012020-03-31
0001464343atlc:ClassBPreferredUnitsMember2024-01-012024-12-31
0001464343atlc:ClassBPreferredUnitsMember2025-03-012025-03-31
0001464343us-gaap:FairValueInputsLevel1Memberus-gaap:FairValueMeasurementsRecurringMember2026-06-30
0001464343us-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsRecurringMember2026-06-30
0001464343us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMember2026-06-30
0001464343us-gaap:FairValueMeasurementsRecurringMember2026-06-30
0001464343us-gaap:FairValueInputsLevel1Memberus-gaap:FairValueMeasurementsRecurringMember2025-12-31
0001464343us-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsRecurringMember2025-12-31
0001464343us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMember2025-12-31
0001464343us-gaap:FairValueMeasurementsRecurringMember2025-12-31
0001464343atlc:LoansAssetsMember2026-01-012026-06-30
0001464343atlc:LoansAssetsMember2025-01-012025-06-30
0001464343us-gaap:FairValueInputsLevel1Member2026-06-30
0001464343us-gaap:FairValueInputsLevel2Member2026-06-30
0001464343us-gaap:FairValueInputsLevel3Member2026-06-30
0001464343us-gaap:FairValueInputsLevel1Member2025-12-31
0001464343us-gaap:FairValueInputsLevel2Member2025-12-31
0001464343us-gaap:FairValueInputsLevel3Member2025-12-31
0001464343atlc:MercuryFinancialLlcMember2025-09-112025-09-11
0001464343atlc:BankPartnerFeesMember2025-12-31
0001464343atlc:BankPartnerFeesMember2026-01-012026-06-30
0001464343atlc:BankPartnerFeesMember2026-06-30
0001464343atlc:ContingentConsiderationMember2025-12-31
0001464343atlc:ContingentConsiderationMember2026-01-012026-06-30
0001464343atlc:ContingentConsiderationMember2026-06-30
0001464343atlc:BankPartnerFeesMember2024-12-31
0001464343atlc:BankPartnerFeesMember2025-01-012025-06-30
0001464343atlc:BankPartnerFeesMember2025-06-30
0001464343atlc:BankPartnerFeesMemberatlc:MeasurementInputCustomerPaymentRateMembersrt:WeightedAverageMember2026-06-30
0001464343atlc:BankPartnerFeesMemberatlc:MeasurementInputCustomerPaymentRateMembersrt:MinimumMember2025-12-31
0001464343atlc:BankPartnerFeesMemberatlc:MeasurementInputCustomerPaymentRateMembersrt:MaximumMember2025-12-31
0001464343atlc:BankPartnerFeesMemberatlc:MeasurementInputCustomerPaymentRateMembersrt:WeightedAverageMember2025-12-31
0001464343atlc:BankPartnerFeesMemberus-gaap:MeasurementInputDiscountRateMembersrt:MinimumMember2026-06-30
0001464343atlc:BankPartnerFeesMemberus-gaap:MeasurementInputDiscountRateMembersrt:MaximumMember2026-06-30
0001464343atlc:BankPartnerFeesMemberus-gaap:MeasurementInputDiscountRateMembersrt:WeightedAverageMember2026-06-30
0001464343atlc:BankPartnerFeesMemberus-gaap:MeasurementInputDiscountRateMembersrt:MinimumMember2025-12-31
0001464343atlc:BankPartnerFeesMemberus-gaap:MeasurementInputDiscountRateMembersrt:MaximumMember2025-12-31
0001464343atlc:BankPartnerFeesMemberus-gaap:MeasurementInputDiscountRateMembersrt:WeightedAverageMember2025-12-31
0001464343atlc:ContingentConsiderationMemberatlc:MeasurementInputChargeoffRateMembersrt:MinimumMember2026-06-30
0001464343atlc:ContingentConsiderationMemberatlc:MeasurementInputChargeoffRateMembersrt:MaximumMember2026-06-30
0001464343atlc:ContingentConsiderationMemberatlc:MeasurementInputChargeoffRateMembersrt:WeightedAverageMember2026-06-30
0001464343atlc:ContingentConsiderationMemberatlc:MeasurementInputChargeoffRateMembersrt:MinimumMember2025-12-31
0001464343atlc:ContingentConsiderationMemberatlc:MeasurementInputChargeoffRateMembersrt:MaximumMember2025-12-31
0001464343atlc:ContingentConsiderationMemberatlc:MeasurementInputChargeoffRateMembersrt:WeightedAverageMember2025-12-31
0001464343atlc:ContingentConsiderationMemberatlc:MeasurementInputChargeoffVolatilityMember2026-06-30
0001464343atlc:ContingentConsiderationMemberatlc:MeasurementInputChargeoffVolatilityMembersrt:WeightedAverageMember2026-06-30
0001464343atlc:ContingentConsiderationMemberatlc:MeasurementInputChargeoffVolatilityMember2025-12-31
0001464343srt:WeightedAverageMember2025-12-31
0001464343atlc:LoansAndFeesReceivableAtFairValueMember2026-06-30
0001464343atlc:LoansAndFeesReceivablePledgedAsCollateralFairValueMember2025-12-31
0001464343srt:MinimumMember2026-06-30
0001464343srt:MaximumMember2026-06-30
0001464343us-gaap:RevolvingCreditFacilityMember2026-06-30
0001464343us-gaap:RevolvingCreditFacilityMember2025-12-31
0001464343atlc:RevolvingCreditFacilityExpiringDecember2028Member2026-01-012026-06-30
0001464343atlc:RevolvingCreditFacilityExpiringDecember2028Membersrt:MinimumMemberus-gaap:SecuredOvernightFinancingRateSofrMember2026-01-012026-06-30
0001464343atlc:RevolvingCreditFacilityExpiringDecember2028Membersrt:MinimumMemberus-gaap:SecuredOvernightFinancingRateSofrMember2025-01-012025-12-31
0001464343atlc:RevolvingCreditFacilityExpiringDecember2028Membersrt:MaximumMemberus-gaap:SecuredOvernightFinancingRateSofrMember2026-01-012026-06-30
0001464343atlc:RevolvingCreditFacilityExpiringDecember2028Membersrt:MaximumMemberus-gaap:SecuredOvernightFinancingRateSofrMember2025-01-012025-12-31
0001464343atlc:RevolvingCreditFacilityExpiringDecember2028Member2026-06-30
0001464343atlc:RevolvingCreditFacilityExpiringDecember2028Member2025-12-31
0001464343atlc:RevolvingCreditFacilityExpiringJanuary2028Member2026-01-012026-06-30
0001464343atlc:RevolvingCreditFacilityExpiringJanuary2028Memberus-gaap:SecuredOvernightFinancingRateSofrMember2026-01-012026-06-30
0001464343atlc:RevolvingCreditFacilityExpiringJanuary2028Member2026-06-30
0001464343atlc:RevolvingCreditFacilityExpiringJanuary2028Member2025-12-31
0001464343atlc:RevolvingCreditFacilityExpiringOctober302026Member2026-01-012026-06-30
0001464343atlc:RevolvingCreditFacilityExpiringOctober302026Memberatlc:TermSecuredOvernightFinancingRateMember2026-01-012026-06-30
0001464343atlc:RevolvingCreditFacilityExpiringOctober302026Member2026-06-30
0001464343atlc:RevolvingCreditFacilityExpiringOctober302026Member2025-12-31
0001464343atlc:RevolvingCreditFacilityExpiringApril72028Member2026-01-012026-06-30
0001464343atlc:RevolvingCreditFacilityExpiringApril72028Memberatlc:TermSecuredOvernightFinancingRateMember2026-01-012026-06-30
0001464343atlc:RevolvingCreditFacilityExpiringApril72028Member2026-06-30
0001464343atlc:RevolvingCreditFacilityExpiringApril72028Member2025-12-31
0001464343atlc:RevolvingCreditFacilityExpiringMarch312028Member2026-01-012026-06-30
0001464343atlc:RevolvingCreditFacilityExpiringMarch312028Member2026-06-30
0001464343atlc:RevolvingCreditFacilityExpiringMarch312028Member2025-12-31
0001464343atlc:RevolvingCreditFacilityExpiringMay152030Member2026-01-012026-06-30
0001464343atlc:RevolvingCreditFacilityExpiringMay152030Member2026-06-30
0001464343atlc:RevolvingCreditFacilityExpiringMay152030Member2025-12-31
0001464343atlc:RevolvingCreditFacilityExpiringAugust52027Member2026-01-012026-06-30
0001464343atlc:RevolvingCreditFacilityExpiringAugust52027Membersrt:MinimumMemberatlc:TermSecuredOvernightFinancingRateMember2026-01-012026-06-30
0001464343atlc:RevolvingCreditFacilityExpiringAugust52027Membersrt:MinimumMemberatlc:TermSecuredOvernightFinancingRateMember2025-01-012025-12-31
0001464343atlc:RevolvingCreditFacilityExpiringAugust52027Membersrt:MaximumMemberatlc:TermSecuredOvernightFinancingRateMember2026-01-012026-06-30
0001464343atlc:RevolvingCreditFacilityExpiringAugust52027Membersrt:MaximumMemberatlc:TermSecuredOvernightFinancingRateMember2025-01-012025-12-31
0001464343atlc:RevolvingCreditFacilityExpiringAugust52027Member2026-06-30
0001464343atlc:RevolvingCreditFacilityExpiringAugust52027Member2025-12-31
0001464343atlc:RevolvingCreditFacilityExpiringAugust302027Member2026-01-012026-06-30
0001464343atlc:RevolvingCreditFacilityExpiringAugust302027Memberatlc:TermSecuredOvernightFinancingRateMember2026-01-012026-06-30
0001464343atlc:RevolvingCreditFacilityExpiringAugust302027Member2026-06-30
0001464343atlc:RevolvingCreditFacilityExpiringAugust302027Member2025-12-31
0001464343atlc:RevolvingCreditFacilityExpiringAugust2028Member2026-01-012026-06-30
0001464343atlc:RevolvingCreditFacilityExpiringAugust2028Member2026-06-30
0001464343atlc:RevolvingCreditFacilityExpiringAugust2028Member2025-12-31
0001464343atlc:RevolvingCreditFacilityExpiringNovember2029Member2026-01-012026-06-30
0001464343atlc:RevolvingCreditFacilityExpiringNovember2029Member2026-06-30
0001464343atlc:RevolvingCreditFacilityExpiringNovember2029Member2025-12-31
0001464343atlc:RevolvingCreditFacilityExpiringJuly2030Member2026-01-012026-06-30
0001464343atlc:RevolvingCreditFacilityExpiringJuly2030Member2026-06-30
0001464343atlc:RevolvingCreditFacilityExpiringJuly2030Member2025-12-31
0001464343atlc:RevolvingCreditFacilityExpiringSeptember20292Member2026-01-012026-06-30
0001464343atlc:RevolvingCreditFacilityExpiringSeptember20292Member2026-06-30
0001464343atlc:RevolvingCreditFacilityExpiringSeptember20292Member2025-12-31
0001464343atlc:RevolvingCreditFacilityExpiringSeptember152027Member2026-01-012026-06-30
0001464343atlc:RevolvingCreditFacilityExpiringSeptember152027Member2026-06-30
0001464343atlc:RevolvingCreditFacilityExpiringSeptember152027Member2025-12-31
0001464343atlc:RevolvingCreditFacilityExpiringDecember2030Member2026-01-012026-06-30
0001464343atlc:RevolvingCreditFacilityExpiringDecember2030Member2026-06-30
0001464343atlc:RevolvingCreditFacilityExpiringDecember2030Member2025-12-31
0001464343atlc:RevolvingCreditFacilityExpiringJanuary2031Member2026-01-012026-06-30
0001464343atlc:RevolvingCreditFacilityExpiringJanuary2031Member2026-06-30
0001464343atlc:RevolvingCreditFacilityExpiringJanuary2031Member2025-12-31
0001464343atlc:RevolvingCreditFacilityExpiringFebruary2030Member2026-01-012026-06-30
0001464343atlc:RevolvingCreditFacilityExpiringFebruary2030Member2026-06-30
0001464343atlc:RevolvingCreditFacilityExpiringFebruary2030Member2025-12-31
0001464343atlc:RevolvingCreditFacilityExpiringApril2029Member2026-01-012026-06-30
0001464343atlc:RevolvingCreditFacilityExpiringApril2029Membersrt:MinimumMemberatlc:TermSecuredOvernightFinancingRateMember2026-01-012026-06-30
0001464343atlc:RevolvingCreditFacilityExpiringApril2029Membersrt:MinimumMemberatlc:TermSecuredOvernightFinancingRateMember2025-01-012025-12-31
0001464343atlc:RevolvingCreditFacilityExpiringApril2029Membersrt:MaximumMemberatlc:TermSecuredOvernightFinancingRateMember2026-01-012026-06-30
0001464343atlc:RevolvingCreditFacilityExpiringApril2029Membersrt:MaximumMemberatlc:TermSecuredOvernightFinancingRateMember2025-01-012025-12-31
0001464343atlc:RevolvingCreditFacilityExpiringApril2029Member2026-06-30
0001464343atlc:RevolvingCreditFacilityExpiringApril2029Member2025-12-31
0001464343atlc:RevolvingCreditFacilityExpiringJuly12029Member2026-01-012026-06-30
0001464343atlc:RevolvingCreditFacilityExpiringJuly12029Memberatlc:CommercialPaperRatesMember2026-01-012026-06-30
0001464343atlc:RevolvingCreditFacilityExpiringJuly12029Memberatlc:CommercialPaperRatesMember2025-01-012025-12-31
0001464343atlc:RevolvingCreditFacilityExpiringJuly12029Memberatlc:TermSecuredOvernightFinancingRateMember2026-01-012026-06-30
0001464343atlc:RevolvingCreditFacilityExpiringJuly12029Memberatlc:TermSecuredOvernightFinancingRateMember2025-01-012025-12-31
0001464343atlc:RevolvingCreditFacilityExpiringJuly12029Member2026-06-30
0001464343atlc:RevolvingCreditFacilityExpiringJuly12029Member2025-12-31
0001464343atlc:RevolvingCreditFacilityExpiringJuly202029Member2026-01-012026-06-30
0001464343atlc:RevolvingCreditFacilityExpiringJuly202029Member2026-06-30
0001464343atlc:RevolvingCreditFacilityExpiringJuly202029Member2025-12-31
0001464343atlc:RevolvingCreditFacilityExpiringApril202029Member2026-01-012026-06-30
0001464343atlc:RevolvingCreditFacilityExpiringApril202029Memberatlc:CommercialPaperRatesMember2026-01-012026-06-30
0001464343atlc:RevolvingCreditFacilityExpiringApril202029Memberatlc:CommercialPaperRatesMember2025-01-012025-12-31
0001464343atlc:RevolvingCreditFacilityExpiringApril202029Memberatlc:TermSecuredOvernightFinancingRateMember2026-01-012026-06-30
0001464343atlc:RevolvingCreditFacilityExpiringApril202029Memberatlc:TermSecuredOvernightFinancingRateMember2025-01-012025-12-31
0001464343atlc:RevolvingCreditFacilityExpiringApril202029Member2026-06-30
0001464343atlc:RevolvingCreditFacilityExpiringApril202029Member2025-12-31
0001464343atlc:RevolvingCreditFacilityExpiringJune212027Member2026-01-012026-06-30
0001464343atlc:RevolvingCreditFacilityExpiringJune212027Membersrt:MinimumMemberatlc:TermSecuredOvernightFinancingRateMember2026-01-012026-06-30
0001464343atlc:RevolvingCreditFacilityExpiringJune212027Membersrt:MinimumMemberatlc:TermSecuredOvernightFinancingRateMember2025-01-012025-12-31
0001464343atlc:RevolvingCreditFacilityExpiringJune212027Membersrt:MaximumMemberatlc:TermSecuredOvernightFinancingRateMember2026-01-012026-06-30
0001464343atlc:RevolvingCreditFacilityExpiringJune212027Membersrt:MaximumMemberatlc:TermSecuredOvernightFinancingRateMember2025-01-012025-12-31
0001464343atlc:RevolvingCreditFacilityExpiringJune212027Member2026-06-30
0001464343atlc:RevolvingCreditFacilityExpiringJune212027Member2025-12-31
0001464343atlc:RevolvingCreditFacilityExpiringMay2031Member2026-01-012026-06-30
0001464343atlc:RevolvingCreditFacilityExpiringMay2031Member2026-06-30
0001464343atlc:RevolvingCreditFacilityExpiringMay2031Member2025-12-31
0001464343atlc:RevolvingCreditFacilityExpiringOctober2031Member2026-01-012026-06-30
0001464343atlc:RevolvingCreditFacilityExpiringOctober2031Member2026-06-30
0001464343atlc:RevolvingCreditFacilityExpiringOctober2031Member2025-12-31
0001464343atlc:RevolvingCreditFacilityExpiringDecember2031Member2026-01-012026-06-30
0001464343atlc:RevolvingCreditFacilityExpiringDecember2031Member2026-06-30
0001464343atlc:RevolvingCreditFacilityExpiringDecember2031Member2025-12-31
0001464343atlc:RevolvingCreditFacilityExpiringOctober2033Member2026-01-012026-06-30
0001464343atlc:RevolvingCreditFacilityExpiringOctober2033Member2026-06-30
0001464343atlc:RevolvingCreditFacilityExpiringOctober2033Member2025-12-31
0001464343atlc:RevolvingCreditFacilityExpiringFebruary2032Member2026-01-012026-06-30
0001464343atlc:RevolvingCreditFacilityExpiringFebruary2032Member2026-06-30
0001464343atlc:RevolvingCreditFacilityExpiringFebruary2032Member2025-12-31
0001464343atlc:RevolvingCreditFacilityExpiringApril20292Member2026-01-012026-06-30
0001464343atlc:RevolvingCreditFacilityExpiringApril20292Membersrt:MinimumMemberatlc:TermSecuredOvernightFinancingRateMember2026-01-012026-06-30
0001464343atlc:RevolvingCreditFacilityExpiringApril20292Membersrt:MinimumMemberatlc:TermSecuredOvernightFinancingRateMember2025-01-012025-12-31
0001464343atlc:RevolvingCreditFacilityExpiringApril20292Membersrt:MaximumMemberatlc:TermSecuredOvernightFinancingRateMember2026-01-012026-06-30
0001464343atlc:RevolvingCreditFacilityExpiringApril20292Membersrt:MaximumMemberatlc:TermSecuredOvernightFinancingRateMember2025-01-012025-12-31
0001464343atlc:RevolvingCreditFacilityExpiringApril20292Member2026-06-30
0001464343atlc:RevolvingCreditFacilityExpiringApril20292Member2025-12-31
0001464343atlc:RevolvingCreditFacilityExpiringJune2032Member2026-01-012026-06-30
0001464343atlc:RevolvingCreditFacilityExpiringJune2032Member2026-06-30
0001464343atlc:RevolvingCreditFacilityExpiringJune2032Member2025-12-31
0001464343atlc:RevolvingCreditFacilityExpiringJanuary2032Member2026-01-012026-06-30
0001464343atlc:RevolvingCreditFacilityExpiringJanuary2032Member2026-06-30
0001464343atlc:RevolvingCreditFacilityExpiringJanuary2032Member2025-12-31
0001464343atlc:RevolvingCreditFacilityExpiringJuly2028Member2026-01-012026-06-30
0001464343atlc:RevolvingCreditFacilityExpiringJuly2028Member2026-06-30
0001464343atlc:RevolvingCreditFacilityExpiringJuly2028Member2025-12-31
0001464343atlc:RevolvingCreditFacilityExpiringMay172027Member2026-01-012026-06-30
0001464343atlc:RevolvingCreditFacilityExpiringMay172027Member2026-06-30
0001464343atlc:RevolvingCreditFacilityExpiringMay172027Member2025-12-31
0001464343atlc:RevolvingCreditFacilityExpiringApril20293Member2026-01-012026-06-30
0001464343atlc:RevolvingCreditFacilityExpiringApril20293Member2026-06-30
0001464343atlc:RevolvingCreditFacilityExpiringApril20293Member2025-12-31
0001464343atlc:OtherSecuredDebtMember2026-06-30
0001464343atlc:OtherSecuredDebtMember2025-12-31
0001464343us-gaap:PrimeRateMember2026-06-30
0001464343atlc:TermSecuredOvernightFinancingRateMember2026-06-30
0001464343us-gaap:SecuredOvernightFinancingRateSofrMember2026-06-30
0001464343atlc:SeniorNotes2026Member2021-11-30
0001464343atlc:SeniorNotes2026Member2026-04-012026-06-30
0001464343atlc:SeniorNotes2026Member2026-01-012026-06-30
0001464343atlc:SeniorNotes2026Member2025-04-012025-06-30
0001464343atlc:SeniorNotes2026Member2025-01-012025-06-30
0001464343atlc:SeniorNotes2029Member2024-02-29
0001464343atlc:SeniorNotes2029Member2024-07-31
0001464343atlc:SeniorNotes2029Member2026-04-012026-06-30
0001464343atlc:SeniorNotes2029Member2026-01-012026-06-30
0001464343atlc:SeniorNotes2029Member2025-04-012025-06-30
0001464343atlc:SeniorNotes2029Member2025-01-012025-06-30
0001464343atlc:SeniorNotes2030Member2025-08-31
0001464343atlc:SeniorNotes2030Member2026-04-012026-06-30
0001464343atlc:SeniorNotes2030Member2026-01-012026-06-30
0001464343atlc:UnfundedIndividualCreditCommitmentMember2026-06-30
0001464343atlc:UnfundedOutstandingFloorplanFinancingCommitmentMember2026-06-30
0001464343us-gaap:AssetPledgedAsCollateralMemberatlc:ContractualObligationsMember2026-06-30
0001464343atlc:CreditProtectionProgramMember2026-06-30
0001464343atlc:PrivateLabelCreditReceivableMemberus-gaap:CustomerConcentrationRiskMember2026-06-30
0001464343atlc:PrivateLabelCreditReceivableMemberus-gaap:CustomerConcentrationRiskMemberatlc:FiveLargestRetailPartnersMember2026-01-012026-06-30
0001464343atlc:LargestRetailPartnerAMember2026-04-012026-06-30
0001464343atlc:LargestRetailPartnerAMember2025-04-012025-06-30
0001464343atlc:LargestRetailPartnerAMember2026-01-012026-06-30
0001464343atlc:LargestRetailPartnerAMember2025-01-012025-06-30
0001464343atlc:LargestRetailPartnerBMember2026-04-012026-06-30
0001464343atlc:LargestRetailPartnerBMember2025-04-012025-06-30
0001464343atlc:LargestRetailPartnerBMember2026-01-012026-06-30
0001464343atlc:LargestRetailPartnerBMember2025-01-012025-06-30
0001464343atlc:LargestRetailPartnerCMember2026-04-012026-06-30
0001464343atlc:LargestRetailPartnerCMember2025-04-012025-06-30
0001464343atlc:LargestRetailPartnerCMember2026-01-012026-06-30
0001464343atlc:LargestRetailPartnerCMember2025-01-012025-06-30
0001464343atlc:LargestRetailPartnerDMember2026-04-012026-06-30
0001464343atlc:LargestRetailPartnerDMember2025-04-012025-06-30
0001464343atlc:LargestRetailPartnerDMember2026-01-012026-06-30
0001464343atlc:LargestRetailPartnerDMember2025-01-012025-06-30
0001464343atlc:LargestRetailPartnerEMember2026-04-012026-06-30
0001464343atlc:LargestRetailPartnerEMember2025-04-012025-06-30
0001464343atlc:LargestRetailPartnerEMember2026-01-012026-06-30
0001464343atlc:LargestRetailPartnerEMember2025-01-012025-06-30
0001464343us-gaap:SeriesAPreferredStockMember2026-01-012026-06-30
0001464343us-gaap:SeriesAPreferredStockMember2025-01-012025-06-30
0001464343atlc:EmployeeStockPurchasePlanMember2026-06-30
0001464343atlc:TheFourthAmended2014PlanMember2026-06-30
0001464343us-gaap:RestrictedStockMember2026-04-012026-06-30
0001464343us-gaap:RestrictedStockMember2026-01-012026-06-30
0001464343us-gaap:RestrictedStockMember2025-04-012025-06-30
0001464343us-gaap:RestrictedStockMember2025-01-012025-06-30
0001464343us-gaap:RestrictedStockMember2025-01-012025-03-31
0001464343us-gaap:RestrictedStockMembersrt:MinimumMember2026-01-012026-06-30
0001464343us-gaap:RestrictedStockMembersrt:MaximumMember2026-01-012026-06-30
0001464343us-gaap:RestrictedStockMember2026-06-30
0001464343atlc:RestrictedStockAndRestrictedStockUnitsMember2025-12-31
0001464343atlc:RestrictedStockAndRestrictedStockUnitsMember2026-01-012026-06-30
0001464343atlc:RestrictedStockAndRestrictedStockUnitsMember2026-06-30
0001464343us-gaap:EmployeeStockOptionMember2026-01-012026-06-30
0001464343us-gaap:EmployeeStockOptionMember2025-01-012025-06-30
0001464343us-gaap:EmployeeStockOptionMember2025-04-012025-06-30
0001464343us-gaap:EmployeeStockOptionMember2026-04-012026-06-30
0001464343us-gaap:EmployeeStockOptionMember2025-06-30
0001464343us-gaap:EmployeeStockOptionMember2026-06-30

 
  
 

  

Table of Contents

 

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

 

FORM 10-Q

 

 

☒QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

 

For the quarterly period ended June 30, 2026

 

☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

 

For the transition period from _______ to _______

 

of

 
 
 

ATLANTICUS HOLDINGS CORPORATION

 

a Georgia Corporation

IRS Employer Identification No. 58-2336689

SEC File Number 0-53717

 

Five Concourse Parkway, Suite 300

Atlanta, Georgia 30328

(770) 828-2000

 

 Securities registered pursuant to Section 12(b) of the Securities Exchange Act of 1934 (the "Act") 

   

Title of Each ClassTrading Symbol(s)Name of Each Exchange on Which Registered

Common stock, no par value per shareATLCNASDAQ Global Select Market

7.625% Series B Cumulative Perpetual Preferred Stock, no par value per shareATLCPNASDAQ Global Select Market

6.125% Senior Notes due 2026ATLCLNASDAQ Global Select Market

9.25% Senior Notes due 2029ATLCZNASDAQ Global Select Market

 

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes ☒ No ☐

 

Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). Yes ☒ No ☐

 

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, smaller reporting company, or an emerging growth company. See the definitions of "large accelerated filer," "accelerated filer," "smaller reporting company," and "emerging growth company" in Rule 12b-2 of the Exchange Act.

 

 Large accelerated filer
 ☐
 Accelerated filer
 ☒

 Non-accelerated filer
 ☐ Smaller reporting company
 ☐

   Emerging growth company
 ☐
 

 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

 

Indicate by check mark whether the registrant is a shell company (as defined in Exchange Act Rule 12b- 2). ☐ Yes ☒ No

 

As of August 1, 2026, 15,170,038 shares of common stock, no par value, of Atlanticus were outstanding.

  

 
 
 
 
  
 

 

 

 
 
 
 
 Table of Contents
 

 

 

 

  

 
  
 

 
  

 Table of Contents

 
 
 
 Page
 
 

 
 PART I. FINANCIAL INFORMATION
 
 

 
  
 
 Item 1.
 
 Financial Statements (Unaudited)
 
 1
 
 

 
  
 
  
 
 Condensed Consolidated Balance Sheets
 
 1
 
 

 
  
 
  
 
 Condensed Consolidated Statements of Income
 
 2
 
 

 
  
 
  
 
 Condensed Consolidated Statements of Shareholders' Equity and Temporary Equity
 
 3
 
 

 
  
 
  
 
 Condensed Consolidated Statements of Cash Flows
 
 5
 
 

 
  
 
  
 
 Notes to Condensed Consolidated Financial Statements
 
 6
 
 

 
  
 
 Item 2.
 
 Management's Discussion and Analysis of Financial Condition and Results of Operations
 
 26
 
 

 
  
 
 Item 3.
 
 Quantitative and Qualitative Disclosures About Market Risk
 
 46
 
 

 
  
 
 Item 4.
 
 Controls and Procedures
 
 48
 
 

 
  
 
 

 
 PART II. OTHER INFORMATION
 
 

 
  
 
 Item 1.
 
 Legal Proceedings
 
 49
 
 

 
  
 
 Item 1A.
 
 Risk Factors
 
 49
 
 

 
  
 
 Item 2.
 
 Unregistered Sales of Equity Securities and Use of Proceeds
 
 63
 
 

 
  
 
 Item 3.
 
 Defaults Upon Senior Securities
 
 63
 
 

 
  
 
 Item 4.
 
 Mine Safety Disclosures
 
 63
 
 

 
  
 
 Item 5.
 
 Other Information
 
 64
 
 

 
  
 
 Item 6.
 
 Exhibits
 
 64
 
 

 
  
 
  
 
 Signatures
 
 65
 
 

 
 
 

  

 
 
 
 
 i
 

 

 

 
 
 
 
 Table of Contents
 

 

 

 

  

 
  
 

 PART I--FINANCIAL INFORMATION

 
 
 
 ITEM 1.
 
 FINANCIAL STATEMENTS
 
 

 
 
  

  

 Atlanticus Holdings Corporation and Subsidiaries

 Condensed Consolidated Balance Sheets (Unaudited)

 (Dollars in thousands)

  

 
    June 30,
    December 31,
  

   2026
    2025
  

         

 Assets
         

 Cash and cash equivalents (including $225.8 million and $209.6 million associated with variable interest entities at June 30, 2026 and December 31, 2025, respectively)
  $555,215  $621,093 

 Restricted cash and cash equivalents (including $51.2 million and $117.6 million associated with variable interest entities at June 30, 2026 and December 31, 2025, respectively)
   89,965   146,314 

 Loans at fair value (including $6,466.1 million and $6,522.9 million associated with variable interest entities at June 30, 2026 and December 31, 2025, respectively)
   6,658,748   6,647,882 

 Loans at amortized cost, net (including