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Sep 30
Atlanticus Q3 2025 Earnings Report
Atlanticus reported higher revenue and adjusted earnings, driven by organic growth and the Mercury acquisition.
Key Takeaways
Atlanticus delivered a strong Q3 2025 performance with significant revenue growth and a boost in adjusted earnings, supported by record purchase volumes and the transformative acquisition of Mercury Financial.
Total revenue grew 40.8% YoY to $494.7 million.
Net income attributable to common shareholders was $22.7 million.
Adjusted net income rose to $27.9 million, or $1.48 per diluted share.
Record $1.19 billion in purchase volume processed in the quarter.
Atlanticus
Atlanticus
Atlanticus Revenue by Geographic Location
Revenue by Geographic Location
U.S. Operations Revenue
CapyFin.com Forward Guidance
Atlanticus anticipates continued growth in receivables, revenue, and operating efficiencies following the Mercury acquisition.
Positive Outlook
- Continued expansion in private label and credit card receivables.
- Integration of Mercury progressing ahead of plan.
- Product and pricing changes expected to improve revenue.
- New acquisitions, like Vive portfolio, will drive diversification.
- Credit performance improving with tightened underwriting.
Challenges Ahead
- Interest expense expected to rise with higher borrowing costs.
- Marketing costs likely to increase due to growth plans.
- Seasonal contraction expected in Q4 for private label receivables.
- Integration costs from Mercury acquisition impacting short-term results.
- Macroeconomic factors may influence marketing effectiveness.