Company: ATLCL
Filing Date: 2025-11-10
Form Type: 10-Q
Source: 0001437749-25-033947
Chunk: 49

Company: Atlanticus Holdings Corp
Filing Date: 2025-11-10
Form: 10-Q
Item: Item 8
Chunk 49
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 claims under this program within our fair value analysis of the associated receivables.
    Concentrations
    
   We acquire all of our fair value receivables under agreements with three third-party originating institutions.
    
   Our top five retail partnerships accounted for over 85% of our private label receivables outstanding as of  September 30, 2025. The volume of receivables purchased each period varies based on a number of factors, including seasonal consumer purchase patterns, growth (or contraction) within retail locations and consumer application volumes that retail partners  may direct to our bank partners versus competitors that offer similar financing products. During the three and nine months ended  September 30, 2025 and 2024, we had receivable purchases from our top five retail partners of the following (in millions):

        Gross Purchases  
    For the Three Months Ended September 30,    For the Nine Months Ended September 30,  
 Largest Retail Partners    2025    2024    2025    2024  
1  $337.5  $279.0  $874.1  $493.6 
2  $36.9  $43.2  $113.4  $128.1 
3  $19.7  $20.7  $58.3  $64.2 
4  $17.9  $14.9  $53.1  $59.7 
5  $14.5  $11.5  $49.1  $31.2 

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   Our general purpose credit card and private label credit receivables base is spread across individual consumers in the U.S. As of  September 30, 2025, only one state (Texas) had receivables concentration in excess of 10% of our total pool of receivables.
    Litigation
    
   We are involved in various legal proceedings that are incidental to the conduct of our business. There are currently no pending legal proceedings that are expected to be material to us.

   12.Net Income Attributable to Controlling Interests Per Common Share

   We compute net income attributable to controlling interests per common share by dividing net income attributable to controlling interests by the weighted average number of shares of common stock (including