Atlanticus Holdings (ATLC) Stock Fundamentals, Analysis & Risk Signals

Health score, price, valuation, risk signals, and key metrics at a glance.

Atlanticus Holdings

NasdaqGS•Financial Services•Credit Services

$92.22-0.38(<0.01%)Market open

Market Cap

$1.43B

P/E

9.3x

P/S

0.5x

P/B

2.0x

Atlanticus Holdings Corporation, a financial technology company, provides products and services to lenders in the United States. The company operates in two segments, Credit as a Service (CaaS) and Auto Finance. Its CaaS segment offers private label credit products associated with the healthcare space under the Curae brand, as well as consumer electronics, furniture, elective medical procedures, and home-improvement under the Fortiva brand and its retail partners' brands; and general-purpose credit cards under the Aspire, Imagine, Mercury, and Fortiva brand names. The company's private label and general-purpose credit cards originated from its bank partners through various channels, including retail and healthcare point-of-sale locations, direct mail solicitation, and digital marketing and partnerships with third parties. This segment also offers loan servicing, such as risk management and customer service outsourcing for third parties, as well as engages in other product testing and investments. The Auto Finance segment purchases and/or services loans secured by automobiles from or for a pre-qualified network of independent automotive dealers and automotive finance companies in the buy-here and pay-here used car business. This segment also provides floor plan financing and installment lending products. The company was founded in 1996 and is headquartered in Atlanta, Georgia.

How this company scores

WeakMetricSide Score: 66/100

Grade capped at D — Interest coverage below 1× (0.5x) — earnings cannot cover interest. Strongest: Cash & Earnings Quality (25/25); weakest: Balance Sheet & Red Flags (2/25).

Profitability16/25

Growth23/25

Balance Sheet & Red Flags2/25

Cash & Earnings Quality25/25

Strengths

Growing revenueRising free cash flowHigh ROERising earnings

Grade capped at D

Interest coverage below 1× (0.5x) — earnings cannot cover interest.

Valuation vs. 5-year range

Today's multiple positioned against its own trailing range — a visual premium/discount check.

P/E · 9.3x5y range 2.6x – 9.3x

Currently above its 20-quarter median.

P/S · 0.5x5y range 0.3x – 0.6x

Currently near its 20-quarter median.

P/B · 2.0x5y range 1.1x – 2.0x

Watch items

Data-driven signals worth keeping an eye on across the last 8 quarters

High Risk

Margin Pressure

Red Flag

Operating margins dropped 30.0% over recent quarters — a sharp decline suggesting serious cost or pricing challenges.

Leverage Risk

Red Flag

D/E ratio is 8.9 — heavily leveraged and vulnerable to rising rates or cash flow dips.

Price & Volume

Market Cap $1.43B

Metrics at a Glance

as of June 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue: $2.65B
Q. Revenue: $744.32M
TTM EBITDA: $215.39M
TTM Op. Income: $204.09M
Q. Op. Income: $66.00M
TTM Net Income: $154.00M
Q. Net Income: $49.72M
EPS: $3.13
Shares Out.: $15.15M

$2.65B in TTM revenue grew 83.7% YoY, reaching $744.32M last quarter. TTM EBITDA of $215.39M and TTM operating income of $204.09M show growth is flowing through to the bottom line. TTM net income of $154.00M means revenue is converting into profit. Across the last 8 quarters, TTM revenue has risen for 7 consecutive quarters — an improving trend.

Margins

Gross, EBITDA, operating, and net margin trends

Gross Margin: 92.2%
EBITDA Margin: 9.3%
Op. Margin: 8.9%
Net Margin: 6.7%

Op. margin of 8.9% is down 1.2% YoY — costs are rising relative to revenue. Net margin at 6.7% and gross margin of 92.2% show how much of each revenue dollar survives to profit. Across the last 8 quarters, operating margin has risen for 2 consecutive quarters — an improving trend.

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio: 9.3x
P/S Ratio: 0.5x
P/B Ratio: 2.0x

At 9.3x P/E, the stock trades below typical market levels. P/S of 0.5x and P/B of 2.0x provide additional context. P/E sits below typical market levels while revenue is growing. Over the past year, P/E is up 38% — a weakening trend.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets: $7.49B
Cash: $555.22M
Long-Term Debt: $6.27B
Book Value: $701.88M
D/E Ratio: 8.9
Debt/EBITDA: 90.1

With $7.49B in assets and $6.27B in long-term debt, D/E is 8.9and book value is $701.88M — elevated leverage, meaning significant financial risk in a downturn. Across the last 8 quarters, debt/equity has fallen for 2 consecutive quarters — an improving trend.

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow: $276.93M
TTM Free Cash Flow: $936.46M
FCF Margin: 35.3%
FCF / Net Income: 6.1

TTM FCF of $936.46M on $276.93M in operating cash flow. The FCF / Net Income ratio of 6.1x means free cash flow covers net income — earnings are backed by cash. Across the last 8 quarters, free cash flow has risen for 3 consecutive quarters — an improving trend.