Atlanticus Holdings Corp 2025年季度报告

FORM10-Q ☒QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period endedMarch 31, 2025 TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from_______to _______ of ATLANTICUSHOLDINGS CORPORATION aGeorgiaCorporationIRS Employer Identification No.58-2336689SEC File Number0-53717 Five Concourse Parkway, Suite 300Atlanta,Georgia30328(770)828-2000 Securities registered pursuant to Section12(b) of the Securities Exchange Act of1934 (the "Act") Indicate by check mark whether the registrant (1)has filed all reports required to be filed by section 13 or 15(d) of the SecuritiesExchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file suchreports), and (2)has been subject to such filing requirements for the past 90 days.Yes☒No☐ Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submittedpursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter periodthat the registrant was required to submit such files).Yes☒No☐ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, smallerreporting company, or an emerging growth company. See the definitions of "large accelerated filer," "accelerated filer,""smallerreporting company,"and "emerging growth company"in Rule 12b-2 of the Exchange Act. Acceleratedfiler☒Smallerreportingcompany☒Emerging growth company☐ Largeacceleratedfiler☐Non-accelerated filer☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period forcomplying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐ Indicate by check mark whether the registrant is a shell company (as defined in Exchange Act Rule 12b- 2).☐Yes☒NoAs of April 30, 2024,15,126,229shares of common stock, no par value, of Atlanticus were outstanding. Table of Contents PART I. FINANCIAL INFORMATIONItem 1.Financial Statements (Unaudited) Condensed Consolidated Balance SheetsCondensed Consolidated Statements of IncomeCondensed Consolidated Statements of Shareholders’ Equityand Temporary EquityCondensed Consolidated Statements of Cash FlowsNotes to Condensed Consolidated Financial StatementsItem 2.Management's Discussion and Analysis of Financial Condition and Results of OperationsItem 3.Quantitative and Qualitative Disclosures About Market RiskItem 4.Controls and Procedures PART II. OTHER INFORMATIONItem 1.Legal Proceedings Item 1A.Risk FactorsItem 2.Unregistered Sales of Equity Securities and Use of ProceedsItem 3.Defaults Upon Senior SecuritiesItem 4.Mine Safety DisclosuresItem 5.Other InformationItem 6.ExhibitsSignatures PART I--FINANCIAL INFORMATIONFINANCIAL STATEMENTS Atlanticus Holdings Corporation and SubsidiariesCondensed Consolidated Balance Sheets (Unaudited)(Dollars in thousands) March 31,December 31,20252024 Assets (1) Both the Series A preferred stock and the Series B preferred stock have no par value and are part of the same aggregate10,000,000 shares authorized. See accompanying notes. Atlanticus Holdings Corporation and SubsidiariesCondensed Consolidated Statements of Income (Unaudited)(Dollars in thousands, except per share data) Atlanticus Holdings Corporation and SubsidiariesCondensed Consolidated Statements of Shareholders’ Equity and Temporary Equity (Unaudited)For theThree Months Ended March 31, 2025 and March 31, 2024(Dollars in thousands) Atlanticus Holdings Corporation and SubsidiariesCondensed Consolidated Statements of Cash Flows (Unaudited)(Dollars in thousands) Atlanticus Holdings Corporation and SubsidiariesNotes to Condensed Consolidated Financial StatementsMarch 31, 2025 and 2024 1.Description of Our Business Our accompanying condensed consolidated financial statements include the accounts of Atlanticus Holdings Corporation(the "Company") and those entities we control. We are a purpose driven financial technology company. We are primarily focused on facilitating consumer credit throughthe use of our financial technology and related services. We provide technology and other support services to lenders who offer anarray of financial products and services, including private label and general purpose card products, to consumers whomayhavebeen declined by other providers of credit. Private label and general purpose card products are originated by The Bank of Missouriand WebBank (collectively, our “bank partners”). Our bank partners originate these accounts through multiple channels, includingretail and healthcare point-of-sale locations, direct mail solicitation, digital marketing and partnerships withthirdparties. In these Notes to Condensed Consolidated Financial Statements, "receivables" or "lo