Atlanticus Holdings Corporation
Atlanticus Holdings Corporation, a financial technology company, provides products and services to lenders in the United States. It operates in two segments, Credit as a Service (CaaS) and Auto Finance. The 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-… Read more
Atlanticus Holdings Corporation (ATLC) - Net Assets
Latest net assets as of September 2025: $624.81 Million USD
Based on the latest financial reports, Atlanticus Holdings Corporation (ATLC) has net assets worth $624.81 Million USD as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($7.08 Billion) and total liabilities ($6.45 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $624.81 Million |
| % of Total Assets | 8.83% |
| Annual Growth Rate | 8.81% |
| 5-Year Change | 320.02% |
| 10-Year Change | 4368.66% |
| Growth Volatility | 202.39 |
Atlanticus Holdings Corporation - Net Assets Trend (1998–2024)
This chart illustrates how Atlanticus Holdings Corporation's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Atlanticus Holdings Corporation (1998–2024)
The table below shows the annual net assets of Atlanticus Holdings Corporation from 1998 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $489.36 Million | +24.70% |
| 2023-12-31 | $392.42 Million | +7.50% |
| 2022-12-31 | $365.04 Million | +11.46% |
| 2021-12-31 | $327.50 Million | +181.09% |
| 2020-12-31 | $116.51 Million | +188.86% |
| 2019-12-31 | $40.34 Million | +282.27% |
| 2018-12-31 | $-22.13 Million | +38.75% |
| 2017-12-31 | $-36.13 Million | -725.36% |
| 2016-12-31 | $5.78 Million | -47.25% |
| 2015-12-31 | $10.95 Million | +47.15% |
| 2014-12-31 | $7.44 Million | +542.66% |
| 2013-12-31 | $1.16 Million | -93.96% |
| 2012-12-31 | $19.19 Million | -74.86% |
| 2011-12-31 | $76.33 Million | +23.47% |
| 2010-12-31 | $61.82 Million | -70.24% |
| 2009-12-31 | $207.72 Million | -72.19% |
| 2008-12-31 | $746.86 Million | -9.51% |
| 2007-12-31 | $825.31 Million | -10.73% |
| 2006-12-31 | $924.51 Million | +13.76% |
| 2005-12-31 | $812.65 Million | +10.09% |
| 2004-12-31 | $738.20 Million | +17.81% |
| 2003-12-31 | $626.59 Million | +39.90% |
| 2002-12-31 | $447.87 Million | +0.31% |
| 2001-12-31 | $446.48 Million | +10.47% |
| 2000-12-31 | $404.18 Million | +129.13% |
| 1999-12-31 | $176.40 Million | +223.67% |
| 1998-12-31 | $54.50 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Atlanticus Holdings Corporation's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 1504.2% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $394.63 Million | 80.06% |
| Other Components | $98.28 Million | 19.94% |
| Total Equity | $492.91 Million | 100.00% |
Atlanticus Holdings Corporation Competitors by Market Cap
The table below lists competitors of Atlanticus Holdings Corporation ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Jiangsu Flag Chemical Industry Co Ltd
SHE:300575
|
$283.54 Million |
|
Akebia Therapeutics Inc
F:AX9
|
$283.56 Million |
|
Jiangsu Fasten Co Ltd
SHE:000890
|
$283.59 Million |
|
Medigen Vaccine Biologics
TWO:6547
|
$283.60 Million |
|
Great Taipei Gas Corp
TW:9908
|
$283.48 Million |
|
Nova Minerals Limited
NASDAQ:NVA
|
$283.41 Million |
|
Foosung
KO:093370
|
$283.38 Million |
|
NUEV.EXP.TEX.INH.EO-016
F:B02
|
$283.32 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Atlanticus Holdings Corporation's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 394,675,000 to 492,906,000, a change of 98,231,000 (24.9%).
- Net income of 111,296,000 contributed positively to equity growth.
- Dividend payments of 25,741,000 reduced retained earnings.
- Share repurchases of 52,674,000 reduced equity.
- New share issuances of 8,156,000 increased equity.
- Other factors increased equity by 57,194,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $111.30 Million | +22.58% |
| Dividends Paid | $25.74 Million | -5.22% |
| Share Repurchases | $52.67 Million | -10.69% |
| Share Issuances | $8.16 Million | +1.65% |
| Other Changes | $57.19 Million | +11.6% |
| Total Change | $- | 24.89% |
Book Value vs Market Value Analysis
This analysis compares Atlanticus Holdings Corporation's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 2.05x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 35.88x to 2.05x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1998-12-31 | $1.50 | $53.86 | x |
| 1999-12-31 | $4.81 | $53.86 | x |
| 2000-12-31 | $8.78 | $53.86 | x |
| 2001-12-31 | $9.84 | $53.86 | x |
| 2002-12-31 | $10.52 | $53.86 | x |
| 2003-12-31 | $11.44 | $53.86 | x |
| 2004-12-31 | $13.70 | $53.86 | x |
| 2005-12-31 | $14.95 | $53.86 | x |
| 2006-12-31 | $17.60 | $53.86 | x |
| 2007-12-31 | $16.27 | $53.86 | x |
| 2008-12-31 | $15.42 | $53.86 | x |
| 2009-12-31 | $3.97 | $53.86 | x |
| 2010-12-31 | $1.07 | $53.86 | x |
| 2011-12-31 | $2.95 | $53.86 | x |
| 2012-12-31 | $1.00 | $53.86 | x |
| 2013-12-31 | $0.08 | $53.86 | x |
| 2014-12-31 | $0.53 | $53.86 | x |
| 2015-12-31 | $0.78 | $53.86 | x |
| 2016-12-31 | $0.42 | $53.86 | x |
| 2017-12-31 | $-2.58 | $53.86 | x |
| 2018-12-31 | $-1.56 | $53.86 | x |
| 2019-12-31 | $2.68 | $53.86 | x |
| 2020-12-31 | $5.83 | $53.86 | x |
| 2021-12-31 | $15.70 | $53.86 | x |
| 2022-12-31 | $18.91 | $53.86 | x |
| 2023-12-31 | $20.90 | $53.86 | x |
| 2024-12-31 | $26.22 | $53.86 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Atlanticus Holdings Corporation utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 22.58%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 24.22%
- • Asset Turnover: 0.14x
- • Equity Multiplier: 6.64x
- Recent ROE (22.58%) is above the historical average (-48.16%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1998 | 46.61% | 43.27% | 0.67x | 1.61x | $19.95 Million |
| 1999 | 33.45% | 39.65% | 0.66x | 1.27x | $41.36 Million |
| 2000 | 20.38% | 34.03% | 0.51x | 1.16x | $41.96 Million |
| 2001 | 0.64% | 1.86% | 0.29x | 1.20x | $-41.78 Million |
| 2002 | 1.31% | 2.71% | 0.42x | 1.16x | $-38.92 Million |
| 2003 | 21.20% | 26.44% | 0.60x | 1.33x | $64.32 Million |
| 2004 | 14.73% | 18.00% | 0.56x | 1.47x | $32.33 Million |
| 2005 | 22.33% | 18.06% | 0.52x | 2.37x | $94.63 Million |
| 2006 | 12.16% | 8.05% | 0.63x | 2.39x | $19.08 Million |
| 2007 | -6.43% | -2.90% | 0.94x | 2.36x | $-130.25 Million |
| 2008 | -19.32% | -29.10% | 0.31x | 2.11x | $-211.67 Million |
| 2009 | -285.71% | 0.00% | -0.29x | 3.96x | $-559.82 Million |
| 2010 | -227.61% | -15.04% | 0.74x | 20.56x | $-101.79 Million |
| 2011 | 176.07% | 44.63% | 0.46x | 8.51x | $126.41 Million |
| 2012 | 126.72% | 14.93% | 0.43x | 19.72x | $22.52 Million |
| 2013 | -1524.14% | -14.36% | 0.35x | 302.61x | $-17.86 Million |
| 2014 | 96.45% | 5.59% | 0.48x | 36.06x | $6.43 Million |
| 2015 | 15.63% | 1.90% | 0.32x | 25.62x | $617.10K |
| 2016 | -109.47% | -8.35% | 0.21x | 62.90x | $-6.91 Million |
| 2017 | 0.00% | -40.61% | 0.24x | 0.00x | $-37.18 Million |
| 2018 | 0.00% | 4.09% | 0.33x | 0.00x | $10.04 Million |
| 2019 | 64.64% | 6.48% | 0.44x | 22.89x | $22.35 Million |
| 2020 | 80.25% | 24.02% | 0.32x | 10.29x | $82.39 Million |
| 2021 | 54.24% | 39.19% | 0.23x | 5.93x | $145.10 Million |
| 2022 | 37.01% | 36.22% | 0.16x | 6.52x | $98.96 Million |
| 2023 | 26.06% | 28.12% | 0.14x | 6.86x | $63.38 Million |
| 2024 | 22.58% | 24.22% | 0.14x | 6.64x | $62.01 Million |
Industry Comparison
This section compares Atlanticus Holdings Corporation's net assets metrics with peer companies in the Credit Services industry.
Industry Context
- Industry: Credit Services
- Average net assets among peers: $42,167,772,618
- Average return on equity (ROE) among peers: 3.49%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Atlanticus Holdings Corporation (ATLC) | $624.81 Million | 46.61% | 10.33x | $283.52 Million |
| Accord Financial Corp (ACCFF) | $103.96 Million | 11.43% | 4.00x | $8.00 Million |
| Acom Co. Ltd (ACJJF) | $306.73 Billion | 3.47% | 2.77x | $799.50 Million |
| Affirm Holdings Inc (AFRM) | $3.07 Billion | 1.70% | 2.63x | $13.28 Billion |
| Federal Agricultural Mortgage Corporation (AGM) | $47.20 Million | 1.69% | 11.77x | $1.51 Billion |
| Aiful Corp (AIFLF) | $97.47 Billion | -37.44% | 4.75x | $852.52 Million |
| Jianpu Technology Inc (AIJTY) | $520.74 Million | 20.38% | 0.93x | $16.37 Million |
| AIOS Tech Inc. (AIOS) | $40.53 Million | 17.61% | 0.35x | $2.83 Million |
| Ally Financial Inc (ALLY) | $13.49 Billion | 6.88% | 11.39x | $10.34 Billion |
| Alpha Investment Inc (ALPC) | $-38.66K | 0.00% | 0.00x | $166.69 Million |
| Antalpha Platform Holding Co (ANTA) | $202.32 Million | 9.14% | 10.90x | $14.83 Million |