AI-extracted from the 10-Q filed 2026-08-06 — Q2 2026 (quarter ended June 30, 2026). Every figure is machine-verified against the filing text on SEC EDGAR.
Total revenue and other income nearly doubled to $744.3M as the Mercury acquisition lifted managed receivables to $6,891.2M from $3,046.5M, driving net income to $49.7M.
Biggest Revenue Drivers
Credit as a Service (CaaS)$734.2M
Growth in private label credit and general purpose credit card receivables, with Mercury adding $3,054.3M of receivables
Auto Finance$10.1M
CAR operations served 724 dealers in 34 states; receivables declined on slower dealer sales
Biggest Revenue Drivers
Total revenue: $744.3M
Credit as a Service (CaaS)$734.2M
Growth in private label credit and general purpose credit card receivables, with Mercury adding $3,054.3M of receivables
Within Credit as a Service (CaaS)
Consumer loans, including past due fees$535.5M
Interest, finance charges, late fees and merchant fees on CaaS receivables
Fees and related income on earning assets$150.5M
Annual and monthly maintenance fees, cash advance and other credit-product fees
Other revenue$48.1M
Interchange, servicing income and customer-related fees; new marketing channels increased customer engagement
Auto Finance$10.1M
CAR operations served 724 dealers in 34 states; receivables declined on slower dealer sales
Largest Expense Items
Card and loan servicing$57.9M+$23.8M YoY
Growth in receivables to $6,891.2M from $3,046.5M and costs of product, policy and pricing changes
Marketing and solicitation$48.1M+$23.2M YoY
Growth in new credit card and private label customers; total accounts up over 2.2 million YoY
Salaries and benefits$27.3M+$13.9M YoY
Growth in employee headcount, including the workforce added with Mercury
Other$20.7M+$11.9M YoY
Increased accounting and legal expenses and certain costs associated with the Mercury acquisition
Margins: Net margin rose to $223.6M from $122.3M, but interest expense climbed $69.7M and fair-value losses on loans reached $396.3M on higher charge-offs. Annualized net interest margin ratio was 9.3% versus 11.7% a year ago.
Watch Items from the Filing
Five largest retail partners accounted for 85.3% of private label credit receivables outstanding at June 30, 2026; largest partner purchases fell to $291.3M from $390.2M.
Combined principal net charge-offs rose to $301.9M with an annualized charge-off ratio of 17.7%, up from 17.1% in Q1 2026 though down from 20.0% a year ago.
Mercury, excluded from internal control assessment, represents 41.1% of consolidated total assets and 32.6% of six-month revenue; contingent consideration fell to $22.0M from $40.0M.
Short-term refinancing needs total $166.6M within 12 months, including $122.1M of 2026 Senior Notes maturing November 30, 2026; total notes payable $5,578.9M.
Unfunded credit-line commitments aggregate $7.7 billion, with a further $241.1M of maximum credit-protection program exposure and $41.8M pledged as collateral.
AI-extracted and verified against SEC EDGAR filing text. Not investment advice.
Harrod Denise MDirectorGrant or award · Jan 2, 2026
James Dennis H JrDirectorGrant or award · Jan 2, 2026
About Atlanticus Holdings Corp (ATLC): stock profile, AI score and financials
Atlanticus Holdings Corp (ATLC) stock profile, AI quality score, and SEC EDGAR financial data, a Financials sector company. 13F Pro's AI-powered ranking engine scores ATLC at 68.4/100 on a composite quality score built from its SEC filings, placing it at rank #306 of 2,925 stocks — the top 25% of the AI-ranked universe. ATLC scores in the top quartile across earnings quality (97.0), revenue growth (93.8), free cash flow (88.9). Based on the latest XBRL financial filings (Q2 2026), Atlanticus Holdings Corp reports quarterly revenue of $744.3M, net income of $49.7M, an operating margin of 8.9%. ATLC trades on the Nasdaq exchange and files with the SEC under CIK 1464343. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate ATLC daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for Atlanticus Holdings Corp directly from SEC EDGAR.