Jefferson Capital Q1 Collections Up 19% to $309.9M, EPS $0.61
Jefferson Capital’s Q1 2026 collections rose 19% to $309.9M and ERC climbed 18% to $3.36B, driving revenue up 14% to $176.4M with pre-tax income of $51.1M (EPS $0.61). The firm improved leverage to 1.79x, boosted its revolving credit facility to $1.15B and declared a $0.24 quarterly dividend.
1. Q1 2026 Financial Results
Jefferson Capital delivered record Q1 2026 results with collections up 19% to $309.9 million and estimated remaining collections rising 18% to $3.36 billion. Revenue increased 13.9% to $176.4 million, driving pre-tax income of $51.1 million (net income $37.6 million, EPS $0.61) and adjusted EPS of $0.73.
2. Operational Highlights
The company achieved a sector-leading cash efficiency ratio of 73.0% and improved its leverage ratio to 1.79x from 2.17x a year earlier. The board declared a quarterly cash dividend of $0.24 per share, payable June 4 to shareholders of record May 26.
3. Portfolio Activity
Collections from the Bluestem portfolio purchase contributed $54.5 million in U.S. receipts and $237.7 million to ERC, while total deployments fell 14.6% to $149.7 million as the firm prioritized capital efficiency. Committed forward flow agreements stood at $353.2 million at quarter end.
4. Liquidity and Capital Structure
On April 22, the revolving credit facility was upsized by $150 million to $1.15 billion with capacity to increase to $1.425 billion, and $254 million was drawn as of March 31. The company pre-funded its $300 million debt maturity with a $500 million unsecured offering in May 2025 and has segregated RCF capacity for repayment.