Atlanticus Holdings Corporation reported robust financial results for the second quarter ended June 30, 2025, on August 7, 2025. Total operating revenue and other income increased by 24.8% year-over-year to $393.8 million. Net income attributable to common shareholders surged by 57.8% to $28.4 million, resulting in diluted earnings per share of $1.51.
The company achieved several milestones, including reaching 4 million customers served and crossing $3 billion in managed receivables. Managed receivables increased by 26.1% to $3.0 billion, representing over $631.8 million in net receivables growth from June 30, 2024. Atlanticus originated a record 590,000 new accounts and funded a record $998 million in purchase volume.
Interest expense for Q2 2025 was $53.7 million, up from $37.9 million in Q2 2024, driven by increased outstanding debt and higher borrowing costs. Outstanding notes payable reached $2,431.0 million as of June 30, 2025. The company repurchased 41,381 shares of common stock for $1.92 million during the quarter.
Atlanticus anticipates continued period-over-period quarterly receivables growth for the remainder of 2025. Private label credit growth is expected to moderate in late Q3 and Q4 2025, while general purpose credit card receivables growth is projected to continue, potentially exceeding private label growth in Q4 2025. The company expects ongoing increases in salaries, benefits, and marketing costs, partially offset by reductions in servicing costs per account due to automation and scale.
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