Jefferson Capital, Inc. / DE (JCAP) Company Report

Jefferson Capital, Inc. (JCAP) completed the acquisition of a credit card portfolio from affiliates of Bluestem Brands on December 4, 2025.
The net purchase price for the portfolio was $196.1 million.
The estimated remaining collections associated with the acquired portfolio are $310.0 million.
The acquisition did not include Bluestem retail operations or assets, and Jefferson Capital will not pursue ongoing originations through the Bluestem platform.

6 days ago

8-K

Jefferson Capital Announces Q3 2025 Financial Performance and Strategic Updates

JCAP

Earnings

Dividends

M&A

Jefferson Capital (JCAP) reported strong financial performance in Q3 2025, with collections of $236.8 million, representing a 63% increase from Q3 2024, and revenue of $150.8 million, up 36% over the same period. The company achieved an Adjusted EPS of $0.74.
The company declared a quarterly dividend of $0.24 per share, payable on December 4, 2025, to shareholders of record as of November 25.
JCAP's Net Debt to Adjusted Cash EBITDA leverage ratio decreased to 1.59x in Q3 2025, which is below its long-term target range of 2.0x to 2.5x. Additionally, the company completed a $1 billion revolving credit facility (RCF) upsize on October 27, 2025, extending the tenor to 5 years and reducing pricing.
The acquisition of a credit card assets portfolio from Bluestem Brands is anticipated to close in Q4 2025, with an expected net purchase price of approximately $195 million.

Nov 13, 2025, 10:00 PM

Presentation

JCAP Reports Strong Q3 2025 Results, Announces Credit Facility Amendment and Blue Stem Portfolio Acquisition

JCAP

Earnings

M&A

Debt Issuance

JCAP reported strong financial performance for Q3 2025, with collections increasing 63% year over year to $237 million and revenue up 36% to $151 million. Adjusted EPS for the quarter was $0.74.
The company achieved its largest third-quarter deployments in history, investing $151 million, a 22% increase compared to Q3 2024, and its estimated remaining collections (ERC) grew 27% year over year to $2.9 billion.
JCAP amended its senior secured revolving credit facility, increasing capital commitments to $1 billion and reducing pricing, and anticipates closing the Blue Stem portfolio purchase later in Q4 2025 for a gross purchase price of $303 million.
Leverage improved to 1.59 times net debt to adjusted cash EBITDA, and the board of directors declared a common stock dividend of $0.24 per share.

Nov 13, 2025, 10:00 PM

Transcript

Jefferson Capital Reports Strong Q3 2025 Results, Announces Blue Stem Acquisition, and Upsizes Credit Facility

JCAP

Earnings

M&A

Dividends

Jefferson Capital (JCAP) reported strong Q3 2025 financial results, with revenue up 36% to $151 million and collections increasing 63% to $237 million year-over-year, leading to an adjusted EPS of $0.74.
The company achieved its largest third-quarter deployments in history, investing $151 million (up 22% year-over-year), and its estimated remaining collections (ERC) grew 27% year-over-year to $2.9 billion.
JCAP announced the expected Q4 2025 closing of the Blue Stem portfolio purchase for a gross price of $303 million and amended its senior secured revolving credit facility, increasing capital commitments to $1 billion.
The company's net debt to adjusted cash EBITDA improved to 1.59 times as of September 30, and the board declared a common stock dividend of $0.24 per share. Management highlighted a favorable market with elevated consumer delinquencies and charge-offs, supporting future portfolio supply.

Nov 13, 2025, 10:00 PM

Transcript

JCAP Reports Strong Q3 2025 Results and Strategic Acquisitions

JCAP

Earnings

M&A

Dividends

JCAP reported strong financial results for Q3 2025, with collections up 63% to $237 million and revenue up 36% to $151 million compared to the prior year period. Adjusted EPS for the quarter was $0.74.
The company achieved its largest third-quarter deployments in history, investing $151 million, an increase of 22% versus Q3 2024, and year-to-date deployments reached $451 million, up 24%.
JCAP's leverage improved to 1.59 times net debt to adjusted cash EBITDA, and the company amended its senior secured revolving credit facility, increasing capital commitments to $1 billion and reducing pricing.
The board of directors declared a common stock dividend of $0.24 per share.
JCAP is proceeding with the Blue Stem portfolio purchase, expected to close in Q4, with a gross purchase price of $303 million and an estimated net purchase price of $195 million if closed on December 1.

Nov 13, 2025, 10:00 PM

Transcript

Jefferson Capital Reports Third Quarter 2025 Results

JCAP

Earnings

Dividends

M&A

Jefferson Capital reported strong third quarter 2025 financial results, with collections growing 63% to $236.8 million and deployments increasing 22% to $151.0 million.
The company achieved revenue growth of 36% to $150.8 million, with Net Income of $38.4 million and EPS of $0.59 for Q3 2025.
Financial health indicators improved, with the leverage ratio improving to 1.59x as of September 30, 2025, compared to 2.52x in the prior year, and a sector-leading Cash Efficiency Ratio of 72.2%.
The Board of Directors declared a quarterly cash dividend of $0.24 per share.
Jefferson Capital upsized its revolving credit facility to $1 billion in commitments and signed a strategic portfolio purchase from Bluestem Brands for $302.8 million, expected to close in Q4 2025.

Nov 13, 2025, 9:09 PM

8-K

Jefferson Capital Announces Credit Card Portfolio Acquisition and Credit Agreement Amendment

JCAP

M&A

Debt Issuance

New Projects/Investments

Jefferson Capital, Inc.'s wholly-owned subsidiary, Jefferson Capital Systems, LLC, entered into an Asset Purchase Agreement on October 24, 2025, to acquire certain assets related to Bluestem's credit card business for a gross purchase price of $302.8 million.
The acquired assets include a revolving credit card receivables portfolio with an aggregate face value of approximately $488.2 million as of June 30, 2025, and the transaction is expected to close in the fourth quarter of 2025.
On October 27, 2025, Jefferson Capital amended its Credit Agreement, increasing the Aggregate Commitments by $175,000,000 to an aggregate amount of $1,000,000,000.
The amendment also reduced interest rate margins by 50 basis points and extended the maturity of the credit facility to October 27, 2030.

Oct 29, 2025, 1:59 AM

8-K

Earnings Transcripts

Quarterly earnings call transcripts for Jefferson Capital, Inc. / DE.

Q3 2025

Nov 13, 2025

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Q2 2025

Aug 14, 2025

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