The company operates in two segments: Credit as a Service (CaaS) and Auto Finance. Atlanticus has grown its revenue at a 40.8% compounded annual growth rate over the last five years, with growth that beats the average financials company. The company recently completed a transformational acquisition of Mercury Financial, which substantially increases scale, enhances technology, and adds origination capabilities.
Cyborg Score Rationale
Strong revenue growth of 36.1% YoY with Q3 2025 sales exceeding analyst expectations. Recently completed transformational Mercury Financial acquisition. Trading below fair value estimates with solid EBITDA margins of 24.24%.
Top Insights
Q3 2025 revenue of $419.8M exceeded Wall Street estimates by 0.5% with strong 36.1% YoY growth
Recently acquired Mercury Financial, a transformational strategic deal expanding technology and origination capabilities
Tangible Book Value Per Share grew 19.7% annually over last two years, from $25.72 to $36.85
Currently trading 34.3% below estimated fair value according to analyst valuation models
Named Competitors
Credit as a Service (Private Label/General Purpose Cards) — Competing credit card issuance and origination platforms
Auto Finance - BHPH — Buy-here-pay-here and non-prime auto financing
Fintech Credit Platforms — Alternative lending platforms for underserved consumers