Atlanticus Holdings Corporation (ATLC) - Net Assets
Based on the latest financial reports, Atlanticus Holdings Corporation (ATLC) has net assets worth $643.83 Million USD as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($7.62 Billion) and total liabilities ($6.98 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. Check Atlanticus Holdings Corporation asset resilience ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $643.83 Million |
| % of Total Assets | 8.45% |
| Annual Growth Rate | 9.58% |
| 5-Year Change | 96.59% |
| 10-Year Change | 11044.71% |
| Growth Volatility | 198.32 |
Atlanticus Holdings Corporation - Net Assets Trend (1998–2025)
This chart illustrates how Atlanticus Holdings Corporation's net assets have evolved over time, based on quarterly financial data. Also explore total assets of Atlanticus Holdings Corporation for the complete picture of this company's asset base.
Annual Net Assets for Atlanticus Holdings Corporation (1998–2025)
The table below shows the annual net assets of Atlanticus Holdings Corporation from 1998 to 2025. For live valuation and market cap data, see Atlanticus Holdings Corporation market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $643.83 Million | +31.56% |
| 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 1958.6% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $506.42 Million | 78.07% |
| Other Components | $142.28 Million | 21.93% |
| Total Equity | $648.70 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 |
|---|---|
|
Zhejiang Yuejian Intelligent Equipment Co Ltd
SHG:603095
|
$958.81 Million |
|
Amphastar P
NASDAQ:AMPH
|
$959.02 Million |
|
Hartalega Holdings Bhd
KLSE:5168
|
$959.79 Million |
|
Fujian Guanfu Modern Household Wares Co Ltd
SHE:002102
|
$959.99 Million |
|
Evolv Technologies Holdings Inc
NASDAQ:EVLV
|
$958.65 Million |
|
Guizhou Xinbang Pharmaceutical Co Ltd
SHE:002390
|
$958.59 Million |
|
Shenzhen Sunshine Laser & Electronics Technology Co Ltd
SHE:300227
|
$958.43 Million |
|
Pulse Biosciences Inc
NASDAQ:PLSE
|
$958.23 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 2024 to 2025, total equity changed from 492,906,000 to 648,700,000, a change of 155,794,000 (31.6%).
- Net income of 122,204,000 contributed positively to equity growth.
- Dividend payments of 12,433,000 reduced retained earnings.
- Share repurchases of 69,567,000 reduced equity.
- New share issuances of 17,835,000 increased equity.
- Other factors increased equity by 97,755,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $122.20 Million | +18.84% |
| Dividends Paid | $12.43 Million | -1.92% |
| Share Repurchases | $69.57 Million | -10.72% |
| Share Issuances | $17.84 Million | +2.75% |
| Other Changes | $97.75 Million | +15.07% |
| Total Change | $- | 31.61% |
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: 2.31x
- 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 51.98x to 2.31x 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 | $78.03 | x |
| 1999-12-31 | $4.81 | $78.03 | x |
| 2000-12-31 | $8.78 | $78.03 | x |
| 2001-12-31 | $9.84 | $78.03 | x |
| 2002-12-31 | $10.52 | $78.03 | x |
| 2003-12-31 | $11.44 | $78.03 | x |
| 2004-12-31 | $13.70 | $78.03 | x |
| 2005-12-31 | $14.95 | $78.03 | x |
| 2006-12-31 | $17.60 | $78.03 | x |
| 2007-12-31 | $16.27 | $78.03 | x |
| 2008-12-31 | $15.42 | $78.03 | x |
| 2009-12-31 | $3.97 | $78.03 | x |
| 2010-12-31 | $1.07 | $78.03 | x |
| 2011-12-31 | $2.96 | $78.03 | x |
| 2012-12-31 | $1.00 | $78.03 | x |
| 2013-12-31 | $0.08 | $78.03 | x |
| 2014-12-31 | $0.53 | $78.03 | x |
| 2015-12-31 | $0.78 | $78.03 | x |
| 2016-12-31 | $0.41 | $78.03 | x |
| 2017-12-31 | $-2.59 | $78.03 | x |
| 2018-12-31 | $-1.58 | $78.03 | x |
| 2019-12-31 | $2.64 | $78.03 | x |
| 2020-12-31 | $5.80 | $78.03 | x |
| 2021-12-31 | $15.67 | $78.03 | x |
| 2022-12-31 | $18.84 | $78.03 | x |
| 2023-12-31 | $20.90 | $78.03 | x |
| 2024-12-31 | $26.22 | $78.03 | x |
| 2025-12-31 | $33.81 | $78.03 | 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): 18.84%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 6.21%
- • Asset Turnover: 0.26x
- • Equity Multiplier: 11.75x
- Recent ROE (18.84%) is above the historical average (-45.73%), 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 | 175.58% | 44.63% | 0.46x | 8.49x | $126.38 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 | 96.44% | 5.59% | 0.48x | 36.06x | $6.43 Million |
| 2015 | 15.64% | 1.90% | 0.32x | 25.64x | $617.90K |
| 2016 | -109.66% | -8.35% | 0.21x | 63.01x | $-6.91 Million |
| 2017 | 0.00% | -40.61% | 0.24x | 0.00x | $-37.17 Million |
| 2018 | 0.00% | 4.09% | 0.33x | 0.00x | $10.07 Million |
| 2019 | 65.56% | 6.48% | 0.44x | 23.21x | $22.41 Million |
| 2020 | 80.78% | 24.02% | 0.32x | 10.36x | $82.47 Million |
| 2021 | 54.32% | 39.19% | 0.23x | 5.94x | $145.15 Million |
| 2022 | 37.15% | 36.22% | 0.16x | 6.54x | $99.09 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 |
| 2025 | 18.84% | 6.21% | 0.26x | 11.75x | $57.33 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: $4,686,521,573
- Average return on equity (ROE) among peers: 95.12%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Atlanticus Holdings Corporation (ATLC) | $643.83 Million | 46.61% | 10.84x | $958.76 Million |
| Affirm Holdings Inc (AFRM) | $3.07 Billion | 1.70% | 2.63x | $16.59 Billion |
| Federal Agricultural Mortgage Corporation (AGM) | $156.65 Million | -95.99% | 31.60x | $1.63 Billion |
| Federal Agricultural Mortgage Corporation (AGM-A) | $248.49 Million | 12.88% | 18.94x | $137.84 Million |
| AIOS Tech Inc. (AIOS) | $53.94 Million | 5.08% | 0.74x | $3.53 Million |
| Ally Financial Inc (ALLY) | $17.05 Billion | 17.95% | 9.70x | $12.59 Billion |
| Antalpha Platform Holding Co (ANTA) | $202.32 Million | 9.14% | 10.90x | $210.67 Million |
| American Express Company (AXP) | $20.67 Billion | 28.47% | 6.70x | $219.50 Billion |
| Bread Financial Holdings, Inc. (BFH) | $23.09 Million | 838.91% | 357.19x | $3.31 Billion |
| Credit Acceptance Corporation (CACC) | $702.20 Million | 37.91% | 2.97x | $5.39 Billion |
About Atlanticus Holdings Corporation
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, … Read more