Filing Flows › Jefferson Capital (JCAP) › Q4 2025
Jefferson Capital (JCAP) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Mar 13, 2026
Jefferson Capital (JCAP) reported revenue of $155M for the fourth quarter 2025 (Q4 2025), +30% from a year earlier and +3% from the quarter before. Operating margin was 45.6%, net earnings $37.7M (24.4% of revenue).
Jefferson Capital, Q4 2025: revenue $155M (+30% year over year), operating margin 45.6%, net earnings $37.7M, operating cash flow $75.2M. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $155M | +3% | +30% |
| Operating profit | $70.6M | +0.7% | +31% |
| Net earnings | $37.7M | -2% | +40% |
| Operating cash flow | $75.2M | +19% | -3% |
What changed
Revenue was $154.8M in Q4 2025, up 30% year over year and up 3% from the previous quarter. United States was the largest line at 72% of revenue.
Operating profit was $70.6M, a 45.6% margin (up 0.4 points year over year). Of the extra revenue versus a year earlier, 47% reached operating profit, above the 45% margin then. Total costs grew 29% against revenue growth of 30%. Net earnings were $37.7M, up 40% year over year. The effective tax rate was 14.5%.
Operating cash flow was $75.2M (down 3% year over year), 199% of net earnings. Non-cash charges added back $1.0M of depreciation and amortization and $8.4M of share-based compensation. Working capital and other items added $28.0M.
Questions
What was Jefferson Capital's revenue in the fourth quarter 2025?
Jefferson Capital (JCAP) reported revenue of $155M for the fourth quarter 2025 (Q4 2025), +30% from a year earlier and +3% from the quarter before.
Was Jefferson Capital profitable in the fourth quarter 2025?
Operating profit was $70.6M (45.6% of revenue) and net earnings $37.7M.
Source: Jefferson Capital 10-K on SEC EDGAR.