ADDED
atlc20251231_10k.htm 0001464343 Atlanticus Holdings Corp false --12-31 FY 2025 true true true false true The Audit Committee reports to our Board of Directors regarding its activities, including those related to key cybersecurity risks, mitigation strategies and ongoing developments, on a periodic basis or more frequently as needed.
The Board of Directors also receives updates from our Chief Information Officer on our cyber risk management program and other matters relating to our data privacy and cybersecurity approach, including risk mitigations to bolster and enhance our data protection and data governance framework.
Members of our Board of Directors receive presentations that include cybersecurity topics and the management of key cybersecurity risks from our Chief Information Officer as part of the continuing education of our Board of Directors on topics that impact public companies.
Our management team supervises efforts to prevent, detect, mitigate, and remediate cybersecurity risks and incidents through various means, including briefings from internal security personnel; threat intelligence and other information obtained from governmental, public or private sources, including external consultants engaged by us; and alerts and reports produced by security tools deployed in the IT environment.
For the three months ended September 30, 2025, we recorded a provision for credit losses associated with our notes receivable from consumer technology platforms that are included in Prepaid expenses and other assets on our condensed consolidated balance sheets.
Merchant fees are included Consumer loans, including past due fees on our consolidated statements of income.
Amortization period (months) reflects the scheduled paydown period prior to the stated Maturity date.
State taxes in California, Georgia, Texas, and New Jersey comprised the majority of the tax effect in this category for the year ended December 31, 2025, and state taxes in California, Massachusetts, New York, and Colorado comprised the majority of the tax effect in this category for the year ended December 31, 2024.
Interchange revenue is presented net of customer reward expense and includes network incentives for credit card transactions processed through interchange networks.
As of December 31, 2025 and December 31, 2024, the aggregate unpaid principal balance included within loans at fair value was $6,473 million and $2,473 million, respectively.
REMOVED
Shares related to unvested share-based payment awards included in our basic and diluted share counts were 384,193 and 356,059 for the three and nine months ended September 30, 2024, respectively, compared to 241,302 and 225,754 for the three and nine months ended September 30, 2023, respectively.
Loans are subject to certain affirmative covenants tied to default rates and other performance metrics the failure of which could result in required early repayment of the remaining unamortized balances of the notes.
Interchange revenue is presented net of customer reward expense.
See Note 8, "Variable Interest Entities" for more information.
Shares related to unvested share-based payment awards included in our basic and diluted share counts were 362,842 for the year ended December 31, 2024, compared to 230,428 for the year ended December 31, 2023.
As of December 31, 2024 and December 31, 2023, the aggregate unpaid principal balance included within loans at fair value was $2,473 million and $2,177 million, respectively.
Merchant fees are included Consumer loans, including past due fees on our consolidated statements of income For cash, deposits and investments in equity securities, the carrying amount is a reasonable estimate of fair value.
(For this purpose, directors, officers and 10% shareholders have been assumed to be affiliates.) As of February 21, 2025, 15,115,344 shares of common stock, no par value, of Atlanticus were outstanding.
Management's Discussion and Analysis of Financial Condition and Results of Operations 22 Item 7A.
Both private label and general purpose card products are originated by The Bank of Missouri and WebBank (collectively, our bank partners ).