Atlanticus Holdings Corporation (NASDAQ: ATLC) (Atlanticus, the Company, we, our or us), a financial technology company that enables its bank, retail and healthcare partners to offer more inclusive financial services to millions of everyday Americans, today announced its financial results for the third quarter ended September 30, 2025. An accompanying earnings presentation is available in the Investors section of the Company’s website at www.atlanticus.com or by clicking here.

Financial and Operating Highlights

Third Quarter 2025 Highlights (all comparisons to the Third Quarter 2024)

• Completed acquisition of Mercury Financial LLC (“Mercury”) for approximately $166.5 million in cash, adding $3.2 billion in credit card receivables and 1.3 million new accounts served

• Managed receivables² increased 148.7% to $6.6 billion

• Total operating revenue and other income increased 41.1% to $495.3 million

• Net income attributable to common shareholders of $22.7 million, or $1.21 per diluted common share

• Adjusted net income attributable to common shareholders of $27.9 million³, or $1.48³ per Adjusted diluted common share

• Return on average equity of 15.9%⁴ and adjusted return on average equity of 19.5%³

• Record purchase volume of $1,192.1 million

• We serve over 5.7 million total accounts¹, an increase of over 2.0 million from prior year

• A record 730,000 new customers served during the quarter, excluding customers added as part of our acquisition of Mercury

^{1) In our calculation of total accounts served, we include all accounts with account activity and accounts that have open lines of credit at the end of the referenced period.
2) Managed receivables is a non-GAAP financial measure and excludes the results of our Auto Finance receivables. See Calculation of Non-GAAP Financial Measures for important additional information.
3) Adjusted net income attributable to common shareholders, Adjusted diluted common share and Adjusted return on average equity, are non-GAAP financial measures. See Calculation of Non-GAAP Financial Measures for important additional information.
4) Return on average equity is calculated using Net income attributable to common shareholders as the numerator and the average of Total equity as of September 30, 2025 and June 30, 2025 as the denominator, annualized.}