Company: ATLCL
Filing Date: 2025-11-10
Form Type: 10-Q
Source: 0001437749-25-033947
Chunk: 142

Company: Atlanticus Holdings Corp
Filing Date: 2025-11-10
Form: 10-Q
Item: Item 1
Chunk 142
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ITEM 1. 
      FINANCIAL STATEMENTS 

Atlanticus Holdings Corporation and Subsidiaries

Condensed Consolidated Balance Sheets (Unaudited)

(Dollars in thousands)

      September 30,    December 31,  
   2025    2024  
         
 Assets         
 Unrestricted cash and cash equivalents (including $170.5 million and $140.2 million associated with variable interest entities at September 30, 2025 and December 31, 2024, respectively)  $425,023  $375,416 
 Restricted cash and cash equivalents (including $73.6 million and $98.8 million associated with variable interest entities at September 30, 2025 and December 31, 2024, respectively)   100,914   124,220 
 Loans at fair value (including $6,200.6 million and $2,542.9 million associated with variable interest entities at September 30, 2025 and December 31, 2024, respectively)   6,350,009   2,630,274 
 Loans at amortized cost, net (including $4.6 million and $4.9 million of allowance for credit losses at September 30, 2025 and December 31, 2024, respectively; and $21.5 million and $19.8 million of deferred revenue at September 30, 2025 and December 31, 2024, respectively)   85,004   84,332 
 Property at cost, net of depreciation   13,458   10,519 
 Intangible assets, net (Note 2)   31,889   — 
 Operating lease right-of-use assets   15,564   13,878 
 Prepaid expenses and other assets   57,871   32,068 
 Total assets  $7,079,732  $3,270,707 
 Liabilities         
 Accounts payable and accrued expenses  $253,081  $72,088 
 Operating lease liabilities   25,924   24,188 
 Notes payable, net (including $5,297.8 million and $2,128.0 million associated with variable interest entities at September 30, 2025 and December 31, 2024, respectively)   5,332,680   2,199