JCAP

MKT CAP:$1B

Jefferson Capital, Inc. Common Stock

Market Cap

$1B

Financial Services·Financial - Credit Services·🇺🇸 United States·NASDAQ

Financials·Financial·🇺🇸·NASDAQ

Stock Price

$21.15-$0.96 (-4.34%)

Apr 20, 2026

Company Details

Jefferson Capital, Inc. provides debt recovery solutions and other related services in the United States, the United Kingdom, Canada, and Latin America. The company primarily purchases portfolios of previously charged-off consumer receivabl...

CEO

David Burton

IPO Date

Jun 25, 2025

Website

www.jcap.com

Key Metrics TTM

Revenue

$569M

+150.5% YoY

Net Income

$161M

EPS (Diluted)

$2.76

Free Cash Flow

-$44M

Revenue / Share

$9.76

Gross Margin

66.6%

Operating Margin

50.4%

Net Margin

28.2%

FCF Margin

-7.7%

P/S

2.0x

P/E

7.0x

Earnings Reports

FY 2025

Mar 12, 2026

$613MEPS $6.26

Q4 2025

Mar 12, 2026

$155MEPS $0.65

Q3 2025

Nov 14, 2025

$151M+36.4%EPS $0.66

Q2 2025

Aug 14, 2025

$153M+47.1%EPS $0.82

Q3 2024

Sep 30, 2024

$111MEPS $0.63

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q1 18	$5M	$5M	$791.0K
Q2 18	$7M	$7M	$2M
Q3 18	$9M	$9M	$4M
Q4 18	$10M	$9M	$4M
Q1 19	$10M	$9M	$4M
Q2 19	$11M	$10M	$5M
Q3 19	$12M	$11M	$5M
Q4 19	$12M	$11M	$2M
Q1 20	$12M	$10M	$2M
Q2 20	$12M	$9M	$1M
Q1 24	$100M	$72M	$52M
Q2 24	$104M	$73M	-$55M
Q3 24	$111M	$79M	$59M
Q2 25	$153M	$121M	-$87M
Q3 25	$151M	$101M	$70M
Q4 25	$155M	$78M	$244M

Valuation

Quarter	P/S	P/E
Q1 18	25.0x	20.9x
Q2 18	19.1x	15.9x
Q3 18	14.8x	10.7x
Q4 18	12.1x	7.0x
Q1 19	10.5x	6.2x
Q2 19	9.6x	5.8x
Q3 19	8.9x	6.3x
Q4 19	8.4x	8.5x
Q1 20	8.1x	—
Q2 20	7.9x	—
Q1 24	2.8x	—
Q2 24	1.7x	31.8x
Q3 24	1.2x	3.7x
Q2 25	0.8x	2.5x
Q3 25	0.7x	2.3x
Q4 25	0.8x	2.9x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q1 18	-$2M	-$128M
Q2 18	-$1M	-$56M
Q3 18	-$1M	-$42M
Q4 18	-$2M	-$56M
Q1 19	-$3M	-$35M
Q2 19	-$3M	-$55M
Q3 19	-$3M	-$59M
Q4 19	-$5M	-$32M
Q1 20	-$6M	-$41M
Q2 20	-$918.0K	-$14M
Q1 24	$35M	$35M
Q2 24	$48M	$48M
Q3 24	$8M	$8M
Q2 25	$79M	$78M
Q4 25	-$193M	-$193M
Q3 25	$63M	$63M

Capital Expenditures

Quarter	CapEx
Q1 18	$126M
Q2 18	$55M
Q3 18	$41M
Q4 18	$54M
Q1 19	$32M
Q2 19	$52M
Q3 19	$56M
Q4 19	$27M
Q1 20	$35M
Q2 20	$13M
Q1 24	$155.0K
Q2 24	$171.0K
Q3 24	$123.0K
Q2 25	$396.0K
Q4 25	$645.0K
Q3 25	$106.0K

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q1 18	+126.7%	+95.5%
Q2 18	+178.6%	+128.0%
Q3 18	+170.5%	+81.9%
Q4 18	+146.0%	+101.0%
Q1 19	+89.5%	+25.6%
Q2 19	+49.6%	+28.3%
Q3 19	+34.7%	+40.0%
Q4 19	+25.5%	+77.6%
Q1 20	+18.3%	+73.2%
Q2 20	+7.7%	+64.7%
Q1 24	+716.0%	+596.4%
Q2 24	+755.9%	+1425.6%
Q3 24	+845.6%	+431.7%
Q2 25	+1208.9%	+2199.7%
Q3 25	+50.9%	+68.2%
Q4 25	+49.2%	-156.0%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q1 18	$376.0K	7.2%
Q2 18	$808.0K	11.2%
Q3 18	$416.0K	4.6%
Q4 18	$329.0K	3.4%
Q1 19	$359.0K	3.6%
Q2 19	$750.0K	6.9%
Q3 19	$580.0K	4.7%
Q4 19	$459.0K	3.8%
Q1 20	$607.0K	5.2%
Q2 20	$814.0K	7.0%
Q1 24	$0	0.0%
Q2 24	$0	0.0%
Q3 24	$0	0.0%
Q2 25	$0	0.0%
Q4 25	-$5.4K	-0.0%
Q3 25	$0	0.0%

OpEx Breakdown

Quarter	R&D	G&A	S&M
Q1 18	$180.0K	$3M	$992.0K
Q2 18	$49.0K	$4M	$887.0K
Q3 18	$90.0K	$4M	$854.0K
Q4 18	$67.0K	$4M	$982.0K
Q1 19	$61.0K	$4M	$1M
Q2 19	$43.0K	$4M	$1M
Q3 19	$65.0K	$4M	$2M
Q4 19	$36.0K	$4M	$5M
Q1 20	$52.0K	$4M	$4M
Q2 20	$28.0K	$3M	$4M
Q1 24	—	$22M	$2M
Q2 24	—	$20M	$2M
Q3 24	—	$23M	—
Q2 25	—	$34M	$5M
Q3 25	—	$36M	—
Q4 25	—	$40M	—

War Chest

Quarter	Cash	Short-term Investments	Total
Q4 17	$47M	$0	$47M
Q1 18	$15M	$0	$15M
Q2 18	$43M	$0	$43M
Q3 18	$43M	$0	$43M
Q4 18	$9M	$0	$9M
Q1 19	$4M	$0	$4M
Q2 19	$4M	$0	$4M
Q3 19	$7M	$0	$7M
Q4 19	$3M	$0	$3M
Q1 20	$7M	$0	$7M
Q2 20	$15M	$0	$15M
Q4 24	$36M	$0	$36M
Q1 25	$27M	$0	$27M
Q2 25	$52M	$0	$52M
Q3 25	$42M	$0	$42M
Q4 25	$48M	$0	$48M

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q1 18	15M	+1.8%	+61.8%
Q2 18	16M	+6.8%	+54.9%
Q3 18	19M	+25.2%	+36.6%
Q4 18	20M	+1.6%	+38.3%
Q1 19	20M	+3.5%	+40.5%
Q2 19	22M	+8.2%	+42.4%
Q3 19	22M	+0.5%	+14.3%
Q4 19	22M	+0.1%	+12.5%
Q1 20	23M	+3.2%	+12.3%
Q2 20	23M	0.0%	+3.8%
Q1 24	58M	+153.6%	+162.1%
Q2 24	58M	0.0%	+161.8%
Q3 24	58M	0.0%	+153.6%
Q2 25	3M	-95.1%	-87.6%
Q3 25	20M	+620.8%	-64.8%
Q4 25	58M	+184.3%	+0.0%

Shares Outstanding