Filing Flows › Atlanticus Holdings (ATLC) › Q2 2025
Atlanticus Holdings (ATLC) Q2 2025 earnings results (second quarter 2025)
10-Q filed Aug 7, 2025
Atlanticus Holdings (ATLC) reported revenue of $394M for the second quarter 2025 (Q2 2025), +25% from a year earlier and +14% from the quarter before. Operating margin was 10.2%, net earnings $30.6M (7.8% of revenue).
Atlanticus Holdings, Q2 2025: revenue $394M (+25% year over year), operating margin 10.2%, net earnings $30.6M, operating cash flow $133M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $394M | +14% | +25% |
| Operating profit | $40.1M | -2% | +40% |
| Net earnings | $30.6M | -3% | +26% |
| Operating cash flow | $133M | +0.8% | +15% |
What changed
Revenue was $394.2M in Q2 2025, up 25% year over year and up 14% from the previous quarter. Merchant Fees was the largest line at 16% of revenue. Merchant Fees added $19.7M year over year (up 46%), 25% of the total change.
Operating profit was $40.1M, a 10.2% margin (up 1.1 points year over year). Of the extra revenue versus a year earlier, 15% reached operating profit, above the 9% margin then. Total costs grew 23% against revenue growth of 25%. The fastest-growing cost line was Sales & marketing (+84%). Net earnings were $30.6M, up 26% year over year. The effective tax rate was 24.6%.
Operating cash flow was $132.7M (up 15% year over year), 438% of net earnings. Non-cash charges added back $1.7M of depreciation and amortization and $948K of share-based compensation. Working capital and other items added $99.8M.
Questions
What was Atlanticus Holdings' revenue in the second quarter 2025?
Atlanticus Holdings (ATLC) reported revenue of $394M for the second quarter 2025 (Q2 2025), +25% from a year earlier and +14% from the quarter before.
Was Atlanticus Holdings profitable in the second quarter 2025?
Operating profit was $40.1M (10.2% of revenue) and net earnings $30.6M.