Company: ATLCL
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0001437749-25-015559
Chunk: 128

Company: Atlanticus Holdings Corp
Filing Date: 2025-05-08
Form: 10-Q
Item: Item 1
Chunk 128
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 tax liability   123,775   114,068 
 Total liabilities   2,703,316   2,691,344 
         
 Commitments and contingencies (Note 10)           
         
 Preferred stock, no par value, 10,000,000 shares authorized:         
 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)   40,000   40,000 
 Class B preferred units issued to noncontrolling interests (Note 5)   —   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)   —   — 
 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   —   — 
 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 

(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.

See accompanying notes.

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      Table of Contents

Atlanticus Holdings Corporation and Subsidiaries

Condensed Consolidated Statements of Income (Unaudited)

(Dollars in thousands, except per share data)

      For the Three Months Ended  
   March 31,  
   2025    2024  
 Revenue and other income