Filing Flows › Atlanticus Holdings (ATLC) › Q4 2025
Atlanticus Holdings (ATLC) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Mar 12, 2026
Atlanticus Holdings (ATLC) reported revenue of $734M for the fourth quarter 2025 (Q4 2025), +108% from a year earlier and +48% from the quarter before. Operating margin was 6.3%, net earnings $34.6M (4.7% of revenue).
Atlanticus Holdings, Q4 2025: revenue $734M (+108% year over year), operating margin 6.3%, net earnings $34.6M, operating cash flow $266M. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $734M | +48% | +108% |
| Operating profit | $46.2M | +42% | +16% |
| Net earnings | $34.6M | +41% | +12% |
| Operating cash flow | $266M | +148% | +117% |
What changed
Revenue was $734.4M in Q4 2025, up 108% year over year and up 48% from the previous quarter.
Operating profit was $46.2M, a 6.3% margin (down 5.0 points year over year). Of the extra revenue versus a year earlier, 2% reached operating profit, below the 11% margin then. Total costs grew 119% against revenue growth of 108%. The fastest-growing cost line was Other operating costs (+130%). Net earnings were $35.1M, up 12% year over year. The effective tax rate was 25.1%.
Operating cash flow was $266.3M (up 117% year over year), 769% of net earnings. Non-cash charges added back $4.1M of depreciation and amortization and $1.6M of share-based compensation. Working capital and other items added $226.0M.
Questions
What was Atlanticus Holdings' revenue in the fourth quarter 2025?
Atlanticus Holdings (ATLC) reported revenue of $734M for the fourth quarter 2025 (Q4 2025), +108% from a year earlier and +48% from the quarter before.
Was Atlanticus Holdings profitable in the fourth quarter 2025?
Operating profit was $46.2M (6.3% of revenue) and net earnings $34.6M.