Jefferson Capital (JCAP) Q1 FY2025 earnings: revenue $155 million

Jefferson Capital, Inc. (JCAP) reported revenue of $155 million for Q1 FY2025, the quarter ended 31 March 2025. Net income was $64 million. The figures are the company's own, from the 10-Q it filed with the SEC on 14 May 2026.

Revenue$155 million

Net income$64 million

Diluted EPSn/a

QuarterQ1 FY2025ended 31 March 2025

The quarter, against the one before and a year earlier

Line	Q1 FY2025	Q3 FY2024	A year earlier	Change on the year
Revenue	155	111	n/a	n/a
Operating income	89.3	59.4	n/a	n/a
Operating margin	57.6%	53.7%	n/a
Interest expense	24.8	19.8	n/a	n/a
Pre-tax income	66.9	39.2	n/a	n/a
Income tax	2.7	2.4	n/a	n/a
Effective tax rate	4.0%	6.0%	n/a
Net income	64.2	36.9	n/a	n/a
Net margin	41.5%	33.3%	n/a

$ million except per share.

Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.

Cash flow and capital returned

Line	Q1 FY2025	Q3 FY2024	A year earlier	Change on the year
Operating cash flow	51.7	7.7	n/a	n/a
Capital expenditure	n/a	0.1	n/a	n/a
Free cash flow	n/a	7.6	n/a	n/a
Free cash flow margin	n/a	6.9%	n/a
Cash from investing	-56.2	-79.8	n/a	n/a
Cash from financing	-0.5	79.6	n/a	n/a
Depreciation and amortisation	1.6	0.5	n/a	n/a
Share-based compensation	0.3	2.2	n/a	n/a
Buybacks	0.0	n/a	n/a	n/a
Dividends paid	16.0	20.0	n/a	n/a
Shares outstanding at period end	55m	58m	n/a	n/a

Cash flow lines for the quarter; where the company files them year to date, the quarter is the difference between two filings.

Balance sheet at quarter end

Line	Q1 FY2025	Q3 FY2024	A year earlier	Change on the year
Shareholders' equity	435	384	n/a	n/a
Debt	1,409	948	n/a	n/a
Goodwill	57.7	58.1	n/a	n/a
Cash and equivalents	27.0	18.3	n/a	n/a

Questions

What was Jefferson Capital's revenue in Q1 FY2025?

Jefferson Capital (JCAP) reported revenue of $155 million for Q1 FY2025, the quarter ended 31 March 2025.

How much did Jefferson Capital earn in Q1 FY2025?

Net income for Q1 FY2025 was $64 million.

When did Jefferson Capital report Q1 FY2025 results?

Jefferson Capital filed its 10-Q for the quarter ended 31 March 2025 with the SEC on 14 May 2026.

Quarterly results, the last 8 quarters

	Q2 FY2024	Q3 FY2024	Q1 FY2025	Q2 FY2025	Q3 FY2025	Q4 FY2025 *	Q1 FY2026	Q2 FY2026
Revenue	104	111	155	153	151	155	176	178
Operating income	55.1	59.4	89.3	86.6	70.0	70.6	80.2	81.4
Operating margin	53%	54%	58%	57%	46%	46%	45%	46%
Interest expense	18.2	19.8	24.8	25.8	26.5	28.7	30.6	30.4
Pre-tax income	34.1	39.2	66.9	61.9	45.5	44.1	51.1	53.3
Tax rate	6%	6%	4%	23%	16%	14%	26%	23%
Net income	32.2	36.9	64.2	47.7	38.4	37.7	37.6	41.3
Net margin	31%	33%	41%	31%	25%	24%	21%	23%
Diluted EPS	n/a	n/a	n/a	$16.76	$0.59	n/a	$0.61	$0.67
Operating cash flow	n/a	7.7	51.7	78.9	63.1	75.2	39.6	43.3
Capital expenditure	n/a	0.1	n/a	n/a	0.1	n/a	n/a	n/a
Free cash flow	n/a	7.6	n/a	n/a	63.0	n/a	n/a	n/a
Buybacks	n/a	n/a	0.0	0.0	n/a	n/a	58.9	0.0
Dividends paid	n/a	20.0	16.0	16.4	15.5	15.5	0.0	29.6
Shares outstanding	58m	58m	55m	58m	58m	58m	55m	57m
Filing	10-Q	10-Q	10-Q	10-Q	10-Q	10-K	10-Q	10-Q

Each quarter as filed, linked to its filing.

* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless. EPS is as filed for each quarter. A split or a bonus issue changes the share count, so quarters before it are on the old count.

10-Q for the period ended 31 March 2025, filed 14 May 2026: the filing.