Atlanticus Holdings Corporation 6.125% Senior Notes due 2026 (ATLCL)

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

I begin with the issuer because a note is only as good as the business behind it. Atlanticus' filed figures show revenue of $160.9 million in fiscal 2023, $204.7 million in fiscal 2024, and $309.6 million in fiscal 2025. Net income rose from $102.8 million to $111.3 million to $122.2 million, and diluted EPS from $4.24 to $4.77 to $5.96. In fiscal Q2 2026, the quarter ended 2026-06-30, revenue was $103.7 million, net income $49.7 million, and diluted EPS $2.50; fiscal Q2 2025 showed revenue of $85.7 million, net income of $30.6 million, and EPS of $1.51. Fiscal Q1 2026 also reported revenue of $71.9 million, net income of $44.2 million, and EPS of $2.23. That is a genuinely profitable, growing issuer on these reported numbers. The question is the security. ATLCL is a 6.125% senior note due 2026, priced at $24.99 at the 2026-10-16 close, inside a 52-week range of $24.51 to $25.39. The supplied data do not include yield-to-maturity, covenants, maturity date, leverage, interest coverage, or asset quality. FairStock's computed Lynch category is Slow Grower, based on 5.4% annual profit growth over five years and revenue 82.2%, even though recent results are stronger. I cannot verify a durable competitive moat from these figures. FairStock's price and return calculations such as P/E, P/B, and ROE are N/A here. For a note near face value, the margin of safety is thin without debt-service details. The issuer looks healthy; the note looks fairly priced, not a bargain.

In plain English: Atlanticus Holdings Corporation 6.125% Senior Notes due 2026 is a bond issued by a financial services company. The filed results show the company grew revenue and net income over the last three fiscal years, and the latest reported quarter was profitable. The note trades at $24.99, close to $25 and within its recent range, so the price looks fair rather than clearly cheap or expensive based on the supplied data.

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Data as of 2026-10-16 close · note generated 2026-10-20 · model deepseek-flash

Sources (SEC EDGAR): fiscal Q2 2026 10-Q (period ended 2026-06-30) · fiscal Q1 2026 10-Q (period ended 2026-03-31) · fiscal Q3 2025 10-Q (period ended 2025-09-30) · fiscal Q2 2025 10-Q (period ended 2025-06-30) · FY2025 10-K (period ended 2025-12-31) · FY2024 10-K (period ended 2024-12-31) · FY2023 10-K (period ended 2023-12-31)

Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer