Credit Acceptance reported sequential growth in financial results for Q4 2025, with GAAP net income of $122.0 million and adjusted net income of $126.0 million. Despite declines in loan volumes and performance, the company highlighted the resilience of its business model and commitment to maximizing intrinsic value. Key initiatives included product releases in digital credit applications and consumer self-service, aiming to strengthen dealer and consumer relationships.

Credit Acceptance Corporation announced a net income of $108.2 million, or $9.43 per diluted share, for the third quarter of 2025. This represents a substantial increase compared to the same period last year, primarily due to a decrease in the provision for credit losses and an increase in finance charges. However, the company experienced declines in both unit and dollar volumes of consumer loan assignments and a decrease in economic profit.

Credit Acceptance reported a GAAP net income of $87.4 million for Q2 2025, a substantial increase from a net loss in Q2 2024. This improvement was largely due to a significant decrease in the provision for credit losses. However, consumer loan assignment unit and dollar volumes declined, and operating expenses increased, primarily due to higher legal expenses.

Credit Acceptance reported a significant increase in GAAP net income in Q1 2025 compared to the prior year, driven by increased finance charges and a decrease in the provision for credit losses. However, adjusted net income saw a slight decrease, and economic profit declined more substantially due to lower adjusted return on capital and increased cost of capital.

Credit Acceptance Corporation announced consolidated net income of $151.9 million, or $12.26 per diluted share, for the three months ended December 31, 2024, compared to consolidated net income of $93.6 million, or $7.29 per diluted share, for the same period in 2023. Adjusted net income, a non-GAAP financial measure, for the three months ended December 31, 2024, was $126.0 million, or $10.17 per diluted share, compared to $129.1 million, or $10.06 per diluted share, for the same period in 2023.

Credit Acceptance Corporation announced consolidated net income of $78.8 million, or $6.35 per diluted share, for the three months ended September 30, 2024, compared to $70.8 million, or $5.43 per diluted share, for the same period in 2023. Adjusted net income, a non-GAAP financial measure, for the three months ended September 30, 2024 was $109.1 million, or $8.79 per diluted share, compared to $139.5 million, or $10.70 per diluted share, for the same period in 2023. Unit and dollar volumes grew 17.7% and 12.2%, respectively, as compared to the third quarter of 2023.

Credit Acceptance Corporation reported a consolidated net loss of $47.1 million, or $3.83 per diluted share, for the three months ended June 30, 2024, compared to a net income of $22.2 million, or $1.69 per diluted share, for the same period in 2023. Adjusted net income, a non-GAAP financial measure, was $126.4 million, or $10.29 per diluted share, compared to $140.0 million, or $10.69 per diluted share, for the same period in 2023. The results were impacted by a larger decrease in forecasted collection rates and a decrease in forecasted profitability for Consumer Loans assigned in 2021 through 2024.

Credit Acceptance Corporation announced consolidated net income of $64.3 million, or $5.08 per diluted share, for the three months ended March 31, 2024, compared to $99.5 million, or $7.61 per diluted share, for the same period in 2023. Adjusted net income was $117.4 million, or $9.28 per diluted share, compared to $127.0 million, or $9.71 per diluted share, for the same period in 2023.

Credit Acceptance Corporation reported a decrease in GAAP net income to $93.6 million, or $7.29 per diluted share, for Q4 2023, compared to $127.3 million, or $9.58 per diluted share, for Q4 2022. Adjusted net income, a non-GAAP financial measure, was $129.1 million, or $10.06 per diluted share, compared to $156.1 million, or $11.74 per diluted share, for the same period in 2022. The results were impacted by a larger decrease in forecasted collection rates, a decrease in forecasted profitability for Consumer Loans assigned in 2020 through 2022, growth in Consumer Loan assignment volume, an increase in the initial spread on Consumer Loan assignments, and an increase in the average cost of debt.

Credit Acceptance Corporation reported a decrease in consolidated net income for the three months ended September 30, 2023, compared to the same period in 2022. GAAP net income was $70.8 million, or $5.43 per diluted share, compared to $86.8 million, or $6.49 per diluted share, for the same period in 2022. Adjusted net income was $139.5 million, or $10.70 per diluted share, compared to $178.5 million, or $13.36 per diluted share, for the same period in 2022.

Credit Acceptance Corporation reported a significant decrease in net income for Q2 2023, with GAAP net income at $22.2 million, or $1.69 per diluted share, compared to $107.4 million, or $7.94 per diluted share, for the same period in 2022. The decline was primarily due to an increase in the provision for credit losses and higher interest expenses. Adjusted net income, a non-GAAP measure, was $140.0 million, or $10.69 per diluted share, compared to $188.2 million, or $13.92 per diluted share, for the same period in 2022.

Credit Acceptance Corporation announced consolidated net income of $99.5 million, or $7.61 per diluted share, for the three months ended March 31, 2023. Consumer Loan assignment volume grew, with unit and dollar volumes increasing by 22.8% and 18.6%, respectively, compared to the first quarter of 2022.

Credit Acceptance Corporation reported consolidated net income of $127.3 million, or $9.58 per diluted share, for the three months ended December 31, 2022, compared to $217.6 million, or $14.60 per diluted share, for the same period in 2021. Adjusted net income was $156.1 million, or $11.74 per diluted share, compared to $212.6 million, or $14.26 per diluted share, for the same period in 2021. The results were impacted by a decrease in forecasted collection rates and changes in profitability per Consumer Loan assignment.

Credit Acceptance Corporation reported a decrease in consolidated net income for the third quarter of 2022 compared to the same period in 2021. The decrease was primarily due to an increase in provision for credit losses and a decrease in finance charges.

Credit Acceptance Corporation reported a consolidated net income of $107.4 million, or $7.94 per diluted share, for the three months ended June 30, 2022, compared to $288.6 million, or $17.18 per diluted share, for the same period in 2021. Consumer Loan assignment volume increased, with unit and dollar volumes growing 5.1% and 22.0%, respectively, compared to the second quarter of 2021.

Credit Acceptance Corporation reported a consolidated net income of $214.3 million, or $14.94 per diluted share, for the three months ended March 31, 2022, compared to $202.1 million, or $11.82 per diluted share, for the same period in 2021. The results were influenced by increased forecasted collection rates, high profitability per consumer loan, and a decline in consumer loan assignment volume.

Credit Acceptance Corporation announced consolidated net income of $217.6 million, or $14.60 per diluted share, for the three months ended December 31, 2021, compared to $166.3 million, or $9.43 per diluted share, for the same period in 2020. Adjusted net income for the three months ended December 31, 2021, was $212.6 million, or $14.26 per diluted share, compared to $189.5 million, or $10.75 per diluted share, for the same period in 2020.

Credit Acceptance Corporation announced consolidated net income of $250.0 million, or $15.79 per diluted share, for the three months ended September 30, 2021, compared to consolidated net income of $242.1 million, or $13.56 per diluted share, for the same period in 2020. Adjusted net income, a non-GAAP financial measure, for the three months ended September 30, 2021 was $219.1 million, or $13.84 per diluted share, compared to $167.0 million, or $9.36 per diluted share, for the same period in 2020.

Credit Acceptance Corporation announced consolidated net income of $288.6 million, or $17.18 per diluted share, for the three months ended June 30, 2021, compared to $96.4 million, or $5.40 per diluted share, for the same period in 2020. The results were driven by an increase in forecasted collection rates, impacting net cash flows positively, and a decrease in operating expenses.

Credit Acceptance Corporation announced a consolidated net income of $202.1 million, or $11.82 per diluted share, for the three months ended March 31, 2021, compared to a consolidated net loss of $83.8 million, or $4.61 per diluted share, for the same period in 2020. Adjusted net income for the three months ended March 31, 2021 was $164.8 million, or $9.64 per diluted share, compared to $175.7 million, or $9.66 per diluted share, for the same period in 2020.

Credit Acceptance Corporation reported consolidated net income of $166.3 million, or $9.43 per diluted share, for the three months ended December 31, 2020, compared to $161.9 million, or $8.60 per diluted share, for the same period in 2019. Adjusted net income, a non-GAAP financial measure, for the three months ended December 31, 2020 was $189.5 million, or $10.75 per diluted share, compared to $173.5 million, or $9.22 per diluted share, for the same period in 2019. Consumer Loan unit volume decreased by 18.1% during the fourth quarter of 2020.

Credit Acceptance Corporation announced consolidated net income of $242.1 million, or $13.56 per diluted share, for the three months ended September 30, 2020, compared to consolidated net income of $165.4 million, or $8.73 per diluted share, for the same period in 2019. However, the company acknowledges the ongoing impact of the COVID-19 pandemic on its business, with uncertainty remaining as to when economic conditions will return to normalcy.

Credit Acceptance Corporation announced a consolidated net income of $96.4 million, or $5.40 per diluted share, for the three months ended June 30, 2020, compared to $164.4 million, or $8.68 per diluted share, for the same period in 2019. Adjusted net income, a non-GAAP financial measure, was $154.1 million, or $8.63 per diluted share, compared to $162.9 million, or $8.60 per diluted share, for the same period in 2019.

Credit Acceptance Corporation reported a consolidated net loss of $83.8 million, or $4.61 per diluted share, for the three months ended March 31, 2020, compared to a net income of $164.4 million, or $8.65 per diluted share, for the same period in 2019. The results were impacted by the adoption of CECL and the COVID-19 pandemic.

Credit Acceptance Corporation announced consolidated net income of $161.9 million, or $8.60 per diluted share, for the three months ended December 31, 2019, compared to $151.9 million, or $7.79 per diluted share, for the same period in 2018. Adjusted net income for the three months ended December 31, 2019, was $173.5 million, or $9.22 per diluted share, compared to $153.0 million, or $7.85 per diluted share, for the same period in 2018.