JCAP
Jefferson Capital, Inc.22.10
+0.30+1.38%
Dec 16, 4:00:01 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
FY Q4 '25
Q&A reinforces macro resilience
Q&A largely reaffirmed prepared remarks on robust supply and performance, with management downplaying macro headwinds like employment softening or energy costs as net positives for delinquencies without impacting liquidation rates. Incremental color emerged on rising insolvency deployments amid scant competition, stable pricing/win rates across assets/geos, and forward flows historically ~50% but returns-driven. Efficiency ex-Conn's/Bluestem holds high 60s amid ongoing initiatives; 2026 tax rate at 24.5%. Analysts flagged tax season and AI risks—both dismissed as in-line or premature. Supply endures.
Key Stats
Market Cap
1.29BP/E (TTM)
9.29Basic EPS (TTM)
2.38Dividend Yield
0.01%Recent Filings
8-K
Board adds Atkins, Pierce
Jefferson Capital's board reshuffled on March 18, 2026: Class II director Christopher Giles resigned immediately to pursue other commitments, with no disagreements noted. Susan Atkins filled the Class II seat and James Pierce took Class III, both until 2027 and 2028 meetings. Each got options for 50,000 shares, vesting over three years. New blood bolsters public company governance.
8-K
2025 exec bonuses approved
Jefferson Capital's board approved 2025 cash bonuses on March 11, 2025: CEO David Burton at 100% target ($382,884), U.S. President Mark Zellmann at 86% ($247,202), and CCO Penelope Person's Q4 commissions at $97,872, lifting her total non-equity pay to $208,864. Updated totals hit $3.8M for Burton, $1.1M for Zellmann, $633K for Person. Bonuses reflect full-year performance.
10-K
FY2025 results
Jefferson Capital crushed FY2025 with $613M revenue, up 41.5% y/y, fueled by $832M deployments (15% y/y growth) and $999M collections (71% y/y surge) from stronger U.S. purchases including Conn's and Bluestem portfolios. Q4 deployments peaked seasonally while U.S. net operating income hit 50.6% margins, up from 49.5%, on cost efficiencies despite court cost ramps. Debt stands at $1.4B with $768M revolver availability; leverage fell to 1.82x adjusted cash EBITDA. Q4 accelerated U.S. momentum. Yet economic deterioration could crimp consumer repayments.
8-K
Q4 collections hit record $245M
Jefferson Capital crushed Q4 2025 with collections surging 41% to $245.3 million and deployments up 6% to $380.5 million, driving pre-tax income 50% higher to $44.1 million. Bluestem portfolio closed December 4, boosting ERC to a record $3.4 billion while leverage dropped to 1.82x. Board declared $0.24 quarterly dividend. Momentum rolls into 2026.
8-K
Bluestem portfolio acquired
Jefferson Capital completed its $196.1 million acquisition of a Bluestem credit card portfolio on December 4, 2025, targeting $310.0 million in estimated remaining collections. The deal skips Bluestem's retail operations and originations platform. Portfolio locked in. Collections hinge on economic stability.
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