v3.25.1
Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2025
Dec. 31, 2024
Assets    
Unrestricted cash and cash equivalents $ 350,390 $ 375,416
Restricted cash and cash equivalents 111,059 124,220
Loans, interest and fees receivable, at fair value 2,668,503 2,630,274
Loans at amortized cost, net (including $4.8 million and $4.9 million of allowance for credit losses at March 31, 2025 and December 31, 2024, respectively; and $20.1 million and $19.8 million of deferred revenue at March 31, 2025 and December 31, 2024, respectively) 81,238 84,332
Property at cost, net of depreciation 12,401 10,519
Operating lease right-of-use assets 13,844 13,878
Prepaid expenses and other assets 34,730 32,068
Total assets 3,272,165 3,270,707
Liabilities    
Accounts payable and accrued expenses 81,108 72,088
Operating lease liabilities 24,145 24,188
Notes Payable, net held by VIEs 2,174,632 2,199,448
Senior notes, net 299,656 281,552
Income tax liability 123,775 114,068
Total liabilities 2,703,316 2,691,344
Commitments and contingencies (Note 10)
Shareholders' Equity    
Common stock, no par value, 150,000,000 shares authorized: 15,097,243 and 14,904,192 shares issued and outstanding at March 31, 2025 and December 31, 2024, respectively 0 0
Paid-in capital 110,138 98,278
Retained earnings 422,574 394,628
Total shareholders’ equity attributable to Atlanticus Holdings Corporation 532,712 492,906
Noncontrolling interests (3,863) (3,543)
Total equity 528,849 489,363
Total liabilities, shareholders' equity and temporary equity 3,272,165 3,270,707
Series A Preferred Stock [Member]    
Liabilities    
Series A preferred stock, 400,000 shares issued and outstanding (liquidation preference - $40.0 million) at March 31, 2025 and December 31, 2024 (Note 5) (1) [1] 40,000 40,000
Class B preferred units issued to noncontrolling interests (Note 5) [1] 40,000 40,000
Series B Preferred Stock [Member]    
Liabilities    
Series A preferred stock, 400,000 shares issued and outstanding (liquidation preference - $40.0 million) at March 31, 2025 and December 31, 2024 (Note 5) (1) 0 50,000
Class B preferred units issued to noncontrolling interests (Note 5) 0 50,000
Shareholders' Equity    
Series B preferred stock, no par value, 3,314,840 shares issued and outstanding at March 31, 2025 (liquidation preference - $82.9 million); 3,301,179 shares issued and outstanding at December 31, 2024 (liquidation preference - $82.5 million) (1) [1] $ 0 $ 0
[1] Both the Series A preferred stock and the Series B preferred stock have no par value and are part of the same aggregate 10,000,000 shares authorized.