Filing Flows › Jefferson Capital (JCAP) › Q3 2025
Jefferson Capital (JCAP) Q3 2025 earnings results (third quarter 2025)
10-Q filed Nov 14, 2025
Jefferson Capital (JCAP) reported revenue of $151M for the third quarter 2025 (Q3 2025), +36% from a year earlier and -1% from the quarter before. Operating margin was 46.4%, net earnings $38.4M (25.4% of revenue).
Jefferson Capital, Q3 2025: revenue $151M (+36% year over year), operating margin 46.4%, net earnings $38.4M, operating cash flow $63.1M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $151M | -1% | +36% |
| Operating profit | $70.0M | -19% | +18% |
| Net earnings | $38.4M | -19% | +4% |
| Operating cash flow | $63.1M | -20% | +718% |
| Free cash flow | $63.0M | — | +730% |
What changed
Revenue was $150.8M in Q3 2025, up 36% year over year and down 1% from the previous quarter. United States was the largest line at 74% of revenue. United States added $37.0M year over year (up 50%), 92% of the total change. United Kingdom declined 9%.
Operating profit was $70.0M, a 46.4% margin (down 7.3 points year over year). Of the extra revenue versus a year earlier, 26% reached operating profit, below the 54% margin then. Total costs grew 58% against revenue growth of 36%. Net earnings were $38.4M, up 4% year over year. The effective tax rate was 15.7%.
Operating cash flow was $63.1M (up 718% year over year), 164% of net earnings. Non-cash charges added back $1.4M of depreciation and amortization and $8.8M of share-based compensation. Working capital and other items added $14.5M. Capital expenditures of $106K left free cash flow of $63.0M.
Questions
What was Jefferson Capital's revenue in the third quarter 2025?
Jefferson Capital (JCAP) reported revenue of $151M for the third quarter 2025 (Q3 2025), +36% from a year earlier and -1% from the quarter before.
Was Jefferson Capital profitable in the third quarter 2025?
Operating profit was $70.0M (46.4% of revenue) and net earnings $38.4M.
Source: Jefferson Capital 10-Q on SEC EDGAR.