Company: ATLCL
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0001437749-25-025502
Chunk: 131

Company: Atlanticus Holdings Corp
Filing Date: 2025-08-07
Form: 10-Q
Item: Item 1
Chunk 131
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ITEM 1. 
      FINANCIAL STATEMENTS 

Atlanticus Holdings Corporation and Subsidiaries

Condensed Consolidated Balance Sheets (Unaudited)

(Dollars in thousands)

      June 30,    December 31,  
   2025    2024  
         
 Assets         
 Unrestricted cash and cash equivalents (including $156.1 million and $140.2 million associated with variable interest entities at June 30, 2025 and December 31, 2024, respectively)  $329,421  $375,416 
 Restricted cash and cash equivalents (including $121.5 million and $98.8 million associated with variable interest entities at June 30, 2025 and December 31, 2024, respectively)   153,814   124,220 
 Loans at fair value (including $2,945.3 million and $2,542.9 million associated with variable interest entities at June 30, 2025 and December 31, 2024, respectively)   3,004,724   2,630,274 
 Loans at amortized cost, net (including $4.9 million and $4.9 million of allowance for credit losses at June 30, 2025 and December 31, 2024, respectively; and $19.7 million and $19.8 million of deferred revenue at June 30, 2025 and December 31, 2024, respectively)   82,011   84,332 
 Property at cost, net of depreciation   13,659   10,519 
 Operating lease right-of-use assets   13,696   13,878 
 Prepaid expenses and other assets   45,850   32,068 
 Total assets  $3,643,175  $3,270,707 
 Liabilities         
 Accounts payable and accrued expenses  $112,791  $72,088 
 Operating lease liabilities   23,981   24,188 
 Notes payable, net (including $2,431.0 million and $2,128.0 million associated with variable interest entities at June 30, 2025 and December 31, 2024, respectively)   2,466,059   2,199,448 
 Senior notes, net   308,339   281,552 
 Income