ADDED
/ DE_September 30, 2025 http://fasb.org/us-gaap/2025#OtherAssets http://fasb.org/us-gaap/2025#OtherLiabilities 0002046042 --12-31 2025 Q3 false Jefferson Capital, Inc.
See the definitions of large accelerated filer, accelerated filer, smaller reporting company and emerging growth company in Rule 12b-2 of the Exchange Act.
All amounts referred to in the combined and condensed consolidated financial statements have been rounded nearest thousandth, unless otherwise stated.
Our ability to collect and enforce our nonperforming and performing loans may be limited under federal, state, and international laws, regulations, and policies.
Organization, Description of Business and Summary of Significant Accounting Policies The accompanying combined and condensed consolidated financial statements include the combined and condensed consolidated results of operations of Jefferson Capital, Inc., and its subsidiaries (the Company ).
The Company s top five clients accounted for 39.9 % and 38.7 %, with the top client representing 11.1 % and 12.4 % of purchases for the nine months ended September 30, 2025 and 2024, respectively.
To effect the Reorganization, the then-current direct and indirect owners of JCAP TopCo, LLC, including (i) entities affiliated with J.C.
) The Company has elected to condense certain immaterial balance sheet line items, specifically, prepaid expenses and current tax receivable with existing assets classified as other assets into a single other assets caption on the balance sheet.
The reclassification of the immaterial items does not change the underlying measurement, recognition, or total amounts reported on the balance sheet.
Affected line items on the statement of cash flows will also be recast and presented in a manner consistent with the balance sheet presentation.
REMOVED
/ DE_June 30, 2025 http://fasb.org/us-gaap/2025#OtherAssets http://fasb.org/us-gaap/2025#PrepaidExpenseCurrentAndNoncurrent http://fasb.org/us-gaap/2025#OtherLiabilities 0002046042 --12-31 2025 Q2 false Jefferson Capital, Inc.
See the definitions of large accelerated filer , accelerated filer , smaller reporting company and emerging growth company in Rule 12b-2 of the Exchange Act.
We may experience losses on portfolios consisting of new asset classes of receivables or receivables in new geographies due to our lack of collection experience with these receivables, which could harm our business, financial condition and results of operations.
Our ability to collect and enforce our nonperforming and performing loans may be limited under federal, state and international laws, regulations and policies.
Organization, Description of Business and Summary of Significant Accounting Policies The accompanying combined and condensed consolidated financial statements include the combined and condensed consolidated results of operations of Jefferson Capital, Inc.
The Company s top five clients accounted for 41.0 % and 40.4 %, with the top client representing 12.3 % and 14.2 % of purchases for the six months ended June 30, 2025 and 2024, respectively.
To effect the Reorganization, the current direct and indirect owners of JCAP TopCo, LLC, which include (i) entities affiliated with J.C.
Translation of Foreign Currencies Foreign currency translation adjustments result from the process of translating financial statements from the Company s foreign subsidiaries functional currency, mainly the Canadian dollar for the Company s Canadian business and British Pound for the Company s United Kingdom businesses, into the Company s reporting currency, the U.S.
Subsequent to write-off, the Company establishes a negative allowance for expected recoveries equal to the amount the Company expects to collect over the life of the receivable portfolio.
Debt purchasing revenue includes two components: (1) Total portfolio income, which includes the accretion of the discount on the negative allowance due to the passage of time (generally the portfolio balance multiplied by the EIR), all revenue from zero basis portfolio collections, as well as interest and fees recognized on performing receivable portfolios, and (2) Changes in recoveries, which include: a.