Quarterly ResultMay 14, 2026, 04:28 PM
Jefferson Capital Q1 Revenue $176.4M, Net Income $37.6M; Repurchases $58.9M Stock
AI Summary
Jefferson Capital, Inc. reported Q1 2026 total revenues of $176.4 million, a 13.9% increase from $154.9 million in Q1 2025. However, net income decreased to $37.6 million from $64.2 million in the prior year period, primarily due to higher operating expenses and a significant increase in income taxes. The company also repurchased $58.9 million of common stock during the quarter and recognized $15.3 million in portfolio revenue from the Bluestem portfolio acquisition completed in December 2025.
Key Highlights
- Total Revenues increased 13.9% to $176.4 million in Q1 2026 from $154.9 million in Q1 2025.
- Net Income decreased to $37.6 million in Q1 2026 from $64.2 million in Q1 2025.
- Basic Earnings Per Share was $0.61 for the three months ended March 31, 2026.
- The company repurchased $58.9 million of common stock in Q1 2026.
- Interest expense rose to $30.6 million in Q1 2026 from $24.8 million in Q1 2025.
- Provision for income taxes increased to $13.4 million in Q1 2026 from $2.7 million in Q1 2025.
- The Bluestem portfolio acquisition contributed $15.3 million in portfolio revenue in Q1 2026.
- Investments in receivables, net, stood at $1.93 billion as of March 31, 2026.