Company: ATLCL
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0001437749-25-015559
Chunk: 13

Company: Atlanticus Holdings Corp
Filing Date: 2025-05-08
Form: 10-Q
Item: Item 8
Chunk 13
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 and provides other financing options to independent automotive dealers and automotive finance companies. These two reportable segments were determined by management based on the characteristics of the underlying products, management structures and expected returns.
    
   We have no material amounts of long lived assets located outside of the U.S. and all revenue is generated within the U.S.
    
   We measure the profitability of our reportable segments based on their income after allocation of specific costs and corporate overhead (Income before income taxes); however, our segment results do not reflect any charges for internal capital allocations among our segments. Company revenues, expenses and profitability are aggregated into these segments and presented to the CODM as detailed below. Overhead costs are allocated based on headcounts and other applicable measures to better align costs with the associated revenues. Income taxes are allocated to the individual segments whereby each operating segment determines income tax expense or benefit as if it filed a separate tax return.
    
   Reportable segment information (in thousands) is as follows:

     Three Months Ended March 31, 2025   CaaS    Auto Finance    Total  
 Revenue and other income:             
 Consumer loans, including past due fees  $238,503  $9,152  $247,655 
 Fees and related income on earning assets   78,323   18   78,341 
 Other revenue   18,698   179   18,877 
 Total operating revenue and other income   335,524   9,349   344,873 
 Other non-operating income   7   286   293 
 Total revenue and other income   335,531   9,635   345,166 
 Interest expense   (46,984)  (546)  (47,530)
 Provision for credit losses   (25)  (1,043)  (1,068)
 Changes in fair value of loans   (178,345)  —   (178,345)
 Net margin   110,177   8,046   118,223 
 Operating expenses:             
 Salaries and benefits   (14,286)  (1,217)  (15,503)
 Card and loan servicing   (28,857)  (3,295)  (32,152)
 Marketing and solicitation   (20,327)  (7