CREDIT ACCEPTANCE CORP (CACC) financial statements: income statement, balance sheet and cash flow

CREDIT ACCEPTANCE CORP's income statement, balance sheet and cash flow statement as filed with the SEC (10-K and 10-Q), with the latest fiscal years and quarters. In its latest fiscal year (Dec 31, 2025 · FY), CREDIT ACCEPTANCE CORP reported revenue of $2.3B (+7.2% year on year) and net income of $423.9M (+71.0% year on year).

Income statement

CREDIT ACCEPTANCE CORP income statement, fiscal years

Line item	Dec 31, 2025 · FY	Dec 31, 2024 · FY	Dec 31, 2023 · FY	Dec 31, 2022 · FY
Finance Charges Revenue	$2.1B	$2.0B	$1.8B	$1.7B
Premiums earned	$95.6M	$96.1M	$79.6M	$62.7M
Other Income	$79.8M	$73.6M	$66.9M	$83.4M
Total revenue	$2.3B	$2.2B	$1.9B	$1.8B
Salaries and wages	$337.1M	$309.2M	$280.2M	$262.0M
General and administrative	$161.4M	$97.9M	$87.2M	$88.7M
Sales and marketing	$101.4M	$94.4M	$91.7M	$75.6M
Operating Expenses	$599.9M	$501.5M	$459.1M	—
Provision for Credit Losses on Forecast Changes	$338.3M	$493.8M	—	—
Provision for credit losses	$277.8M	$320.9M	$736.2M	$481.4M
Financing Receivable, Credit Loss, Expense (Reversal)	$616.1M	$814.7M	—	—
Interest	$462.9M	$419.5M	$266.5M	$166.6M
Provision for claims	$71.7M	$73.5M	$70.7M	$46.4M
Loss on extinguishment of debt	$1.2M	$0	$1.8M	$0
Loss on sale of building	$0	$23.7M	—	—
Total costs and expenses	$1.8B	$1.8B	$1.5B	$1.1B
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest, Total	$565.4M	$329.5M	$367.6M	$711.7M
Effective tax rate, amount	141500000.0%	81600000.0%	81500000.0%	175900000.0%
Net income	$423.9M	$247.9M	$286.1M	$535.8M
Basic (in usd per share)	$37.02	$20.12	$22.09	$39.50
Diluted (in usd per share)	$36.38	$19.88	$21.99	$39.32
Basic (in shares)	11.5M	12.3M	13.0M	13.6M
Diluted (in shares)	11.7M	12.5M	13.0M	13.6M

CREDIT ACCEPTANCE CORP income statement, quarters

Line item	Jun 30, 2026 · Q2	Mar 31, 2026 · Q1	Sep 30, 2025 · Q3	Jun 30, 2025 · Q2
Other income	$546.2M	$538.4M	$539.4M	$540.7M
Total revenue	$24.6M	$23.2M	$24.1M	$24.1M
Costs and expenses:	$16.6M	$18.4M	$18.9M	$19.0M
Total revenue	$587.4M	$580.0M	$582.4M	$583.8M
Salaries and Wages	$78.1M	$88.6M	$85.5M	$83.7M
General and Administrative Expense	$26.1M	$24.8M	$36.3M	$45.2M
Selling and Marketing Expense	$29.9M	$27.8M	$24.8M	$26.6M
Operating Expenses	$134.1M	$141.2M	$146.6M	$155.5M
Provision for Credit Losses on Forecast Changes	$81.6M	$54.4M	$88.1M	$101.3M
Provision for Credit Losses on New Consumer Loan Assignments	$77.6M	$85.2M	$63.9M	$71.3M
Provision for Credit Losses	$159.2M	$139.6M	$152.0M	$172.6M
Interest	$107.4M	$108.4M	$116.3M	$118.1M
Provision for claims	$18.1M	$15.8M	$18.6M	$19.8M
Loss on extinguishment of debt	$0	$0	$0	$0
Costs and Expenses, Total	$418.8M	$405.0M	$433.5M	$466.0M
Income before provision for income taxes	$168.6M	$175.0M	$148.9M	$117.8M
Provision for income taxes	$32.7M	$39.2M	$40.7M	$30.4M
Net income	$135.9M	$135.8M	$108.2M	$87.4M
Basic	$12.97	$12.64	$9.62	$7.55
Diluted	$12.66	$12.40	$9.43	$7.42
Basic	10.5M	10.7M	11.2M	11.6M
Diluted	10.7M	11.0M	11.5M	11.8M

Balance sheet

CREDIT ACCEPTANCE CORP balance sheet, fiscal years

Line item	Dec 31, 2025 · FY	Dec 31, 2024 · FY	Dec 31, 2023 · FY	Dec 31, 2022 · FY
Cash and cash equivalents	$22.8M	$343.7M	$13.2M	$7.7M
Restricted cash and cash equivalents	$477.9M	$501.3M	$457.7M	$410.0M
Debt Securities, Available-for-sale, Restricted	$106.2M	$106.4M	$93.2M	$72.3M
Loans receivable	$11.5B	$11.3B	—	—
Allowance for credit losses	($3.6B)	($3.4B)	($3.1B)	($2.9B)
Loans receivable, net	$7.9B	$7.9B	$7.0B	$6.3B
Property and equipment, net	$12.6M	$14.7M	$46.5M	$51.4M
Income taxes receivable	$67.2M	$4.2M	$4.3M	$8.7M
Other assets	$35.8M	$34.0M	$40.0M	$56.9M
Total Assets	$8.6B	$8.9B	$7.6B	$6.9B
Accounts payable and accrued liabilities	$400.2M	$315.8M	$318.8M	$260.8M
Revolving secured line of credit	$107.3M	$100.0K	$79.2M	$30.9M
Secured financing	$5.2B	$5.4B	$4.0B	$3.8B
Senior notes	$1.1B	$991.3M	$989.0M	$794.5M
Deferred income taxes, net	$354.0M	$319.1M	$389.2M	$426.7M
Income taxes payable	$0	$117.2M	$81.0M	$2.5M
Total Liabilities	$7.1B	$7.1B	$5.9B	$5.3B
Preferred stock, $0.01 par value, 1,000,000 shares authorized, none issued	0	0	0	0
Common stock, $.01 par value, 80,000,000 shares authorized, 10,680,143 and 12,048,151 shares issued and outstanding as of December 31, 2025 and December 31, 2024, respectively	100.0K	100.0K	100.0K	100.0K
Paid-in capital	$403.3M	$335.1M	$279.0M	$245.7M
Retained earnings	$1.1B	$1.4B	$1.5B	$1.4B
Accumulated other comprehensive loss	$1.0M	($300.0K)	($1.0M)	($2.9M)
Total Shareholders' Equity	$1.5B	$1.7B	$1.8B	$1.6B
Total Liabilities and Shareholders' Equity	$8.6B	$8.9B	$7.6B	$6.9B
Preferred stock, par value	$0.01	$0.01	$0.01	$0.01
Preferred stock, shares authorized	1.0M	1.0M	1.0M	1.0M
Preferred stock, shares issued	0	0	0	0
Common stock, par value	$0.01	$0.01	$0.01	$0.01
Common stock, shares authorized	80.0M	80.0M	80.0M	80.0M
Common stock, shares issued	10.7M	12.0M	12.5M	12.8M
Common stock, shares outstanding	10.7M	12.0M	12.5M	12.8M

CREDIT ACCEPTANCE CORP balance sheet, quarters

Line item	Jun 30, 2026	Mar 31, 2026	Sep 30, 2025	Jun 30, 2025
Cash and cash equivalents	$1.4M	$25.7M	$15.9M	$70.0M
Restricted cash and cash equivalents	$490.7M	$525.7M	$482.9M	$493.8M
Debt Securities, Available-for-sale, Restricted	$116.6M	$109.4M	$108.9M	$107.1M
Loans receivable	$11.6B	$11.6B	$11.6B	$11.6B
Allowance for credit losses	($3.6B)	($3.6B)	($3.6B)	($3.6B)
Loans receivable, net	$8.0B	$8.0B	$8.0B	$8.0B
Property and equipment, net	$14.1M	$13.2M	$12.9M	$13.2M
Income taxes receivable	$8.4M	$29.4M	$9.7M	$9.4M
Other assets	$32.2M	$34.8M	$34.8M	$29.2M
Total assets	$8.6B	$8.7B	$8.6B	$8.7B
Accounts payable and accrued liabilities	$394.0M	$415.3M	$382.9M	$378.8M
Revolving secured lines of credit	$177.8M	$219.6M	$148.7M	$1.5M
Secured financing	$5.0B	$5.1B	$5.1B	$5.4B
Senior notes	$1.1B	$1.1B	$1.1B	$1.1B
Deferred income taxes, net	$349.2M	$356.6M	$298.2M	$306.1M
Income taxes payable	$4.3M	—	$11.9M	$13.8M
Total liabilities	$7.0B	$7.2B	$7.1B	$7.2B
Preferred stock, $.01 par value, 1,000,000 shares authorized, none issued	0	0	0	0
Common stock, $.01 par value, 80,000,000 shares authorized, 10,376,049 and 10,680,143 shares issued and outstanding as of June 30, 2026 and December 31, 2025, respectively	100.0K	100.0K	100.0K	100.0K
Paid-in capital	$507.9M	$430.1M	$392.1M	$369.3M
Retained earnings	$1.1B	$1.1B	$1.2B	$1.2B
Accumulated other comprehensive income (loss)	($200.0K)	$300.0K	$1.1M	$1.0M
Total shareholders’ equity	$1.6B	$1.5B	$1.6B	$1.6B
Total liabilities and shareholders’ equity	$8.6B	$8.7B	$8.6B	$8.7B
Preferred stock, par value (in usd per share)	$0.01	$0.01	$0.01	$0.01
Preferred stock, shares authorized	1.0M	1.0M	1.0M	1.0M
Preferred stock, shares issued	0	0	0	0
Common stock, par value (in usd per share)	$0.01	$0.01	$0.01	$0.01
Common stock, shares authorized	80.0M	80.0M	80.0M	80.0M
Common stock, shares issued	10.4M	10.4M	11.0M	11.2M
Balance, shares	10.4M	10.4M	11.0M	11.2M

Cash flow statement

CREDIT ACCEPTANCE CORP cash flow statement, fiscal years

Line item	Dec 31, 2025 · FY	Dec 31, 2024 · FY	Dec 31, 2023 · FY	Dec 31, 2022 · FY
Net income	$423.9M	$247.9M	$286.1M	$535.8M
Provision for credit losses	$616.1M	$814.7M	$736.2M	$481.4M
Depreciation	$3.6M	$6.7M	$8.9M	$9.0M
Amortization	$23.0M	$21.1M	$17.7M	$16.6M
Increase (Decrease) in Deferred Income Taxes	$34.6M	($70.4M)	($38.0M)	($7.7M)
Stock-based compensation	$50.7M	$45.0M	$39.1M	$36.5M
Loss on extinguishment of debt	$1.2M	$0	$1.8M	$0
Loss on sale of building	$0	$23.7M	—	—
Adjustment to Reconcile Net Income to Cash Provided by (Used in) Operating Activity, Other Item	($200.0K)	$800.0K	$600.0K	$300.0K
Increase in accounts payable and accrued liabilities	$82.9M	$6.8M	$49.7M	$67.9M
Increase in income taxes receivable	($63.0M)	$100.0K	$4.4M	$100.5M
Increase (decrease) in income taxes payable	($117.2M)	$36.2M	$78.5M	$2.3M
Increase in other assets	($1.0M)	$5.3M	$18.8M	($3.9M)
Net cash provided by operating activities	$1.1B	$1.1B	$1.2B	$1.2B
Purchases of restricted securities available for sale	($43.3M)	($59.0M)	($43.3M)	($50.1M)
Proceeds from Sale of Debt Securities, Available-for-sale	$33.4M	$36.9M	$15.8M	$11.1M
Maturities of restricted securities available for sale	$12.2M	$9.3M	$8.5M	$24.3M
Principal collected on Loans receivable	$3.4B	$3.2B	$3.0B	$3.4B
Advances to Dealers	($2.8B)	($3.6B)	($2.9B)	($2.5B)
Purchases of Consumer Loans	($1.1B)	($1.0B)	($1.2B)	($1.1B)
Accelerated payments of Dealer Holdback	($50.7M)	($59.0M)	($46.9M)	($44.2M)
Payments of Dealer Holdback	($180.1M)	($241.2M)	($235.9M)	($186.6M)
Purchases of property and equipment	($1.6M)	($1.8M)	($4.0M)	($3.1M)
Proceeds from Sale of Buildings	$0	$3.2M	—	—
Net cash used in investing activities	($674.3M)	($1.7B)	($1.4B)	($460.6M)
Borrowings under revolving secured line of credit	$2.1B	$6.1B	$7.4B	$6.6B
Repayments under revolving secured line of credit	($2.0B)	($6.2B)	($7.4B)	($6.6B)
Proceeds from secured financing	$1.4B	$3.6B	$2.8B	$1.5B
Repayments of secured financing	($1.6B)	($2.2B)	($2.5B)	($1.6B)
Proceeds from issuance of senior notes	$500.0M	$0	$600.0M	—
Repayments of senior notes	($400.0M)	$0	($400.0M)	$0
Payments of debt issuance costs and debt issuance costs	($19.8M)	($21.7M)	($33.3M)	($12.5M)
Repurchase of common stock	($725.4M)	($313.3M)	($202.6M)	($784.5M)
Proceeds from Issuance of Common Stock	$23.5M	$15.6M	$5.2M	$15.1M
Other financing activities	$1.0M	($17.0M)	$6.4M	$16.3M
Net cash provided by financing activities	($724.6M)	$957.3M	$266.2M	($794.6M)
Net increase in cash and cash equivalents and restricted cash and cash equivalents	($344.3M)	$374.1M	$53.2M	($16.5M)
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents	$845.0M	$470.9M	$417.7M	$434.2M
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents	$500.7M	$845.0M	$470.9M	$417.7M
Cash paid during the period for interest	$438.4M	$393.4M	$242.1M	$147.3M
Cash paid during the period for income taxes	$279.3M	$103.7M	$31.9M	$72.7M

CREDIT ACCEPTANCE CORP cash flow statement, quarters

Line item	Jun 30, 2026 · YTD	Mar 31, 2026 · Q1	Sep 30, 2025 · YTD	Jun 30, 2025 · YTD
Net income	$271.7M	$135.8M	$301.9M	$193.7M
Provision for credit losses	$298.8M	$139.6M	$486.5M	$334.5M
Depreciation	$1.4M	$700.0K	$2.9M	$2.1M
Amortization	$9.9M	$5.2M	$17.6M	$11.6M
Provision for deferred income taxes	($4.5M)	$2.8M	($21.2M)	($13.3M)
Stock-based compensation	$20.0M	$11.3M	$37.7M	$25.6M
Loss on extinguishment of debt	$0	$0	$1.2M	$1.2M
Other	($100.0K)	($100.0K)	$0	$100.0K
Increase (decrease) in accounts payable and accrued liabilities	($8.2M)	$13.4M	$68.9M	$33.5M
Decrease (increase) in income taxes receivable	$58.8M	$37.8M	($5.5M)	($5.2M)
Increase (decrease) in income taxes payable	$4.3M	$0	($105.3M)	($103.4M)
Decrease in other assets	$4.2M	$300.0K	$600.0K	$5.5M
Net cash provided by operating activities	$656.3M	$346.8M	$785.3M	$485.9M
Payments to Acquire Debt Securities, Available-for-sale	$38.6M	$21.1M	$32.3M	$19.2M
Proceeds from sale of restricted securities available for sale	$18.3M	$12.7M	$22.1M	$12.6M
Maturities of restricted securities available for sale	$8.5M	$4.4M	$9.7M	$7.5M
Principal collected on Loans receivable	$1.8B	$928.9M	$2.6B	$1.8B
Advances to Dealers	($1.4B)	($739.6M)	($2.2B)	($1.5B)
Purchases of Consumer Loans	($677.0M)	($329.0M)	($864.5M)	($592.9M)
Accelerated payments of Dealer Holdback	($25.0M)	($12.5M)	($38.5M)	($27.8M)
Payments of Dealer Holdback	($65.6M)	($34.6M)	($144.7M)	($103.5M)
Purchases of property and equipment	($2.9M)	($1.3M)	($1.2M)	($600.0K)
Net cash used in investing activities	($363.5M)	($192.1M)	($613.4M)	($485.8M)
Borrowings under revolving secured lines of credit	$4.1B	$1.7B	$849.1M	$40.5M
Repayments under revolving secured lines of credit	($4.0B)	($1.6B)	($700.5M)	($39.1M)
Proceeds from secured financing	$826.0M	$251.0M	$651.0M	$651.0M
Repayments of secured financing	($969.6M)	($313.2M)	($887.2M)	($635.8M)
Proceeds from issuance of senior notes	$0	$0	$500.0M	$500.0M
Repayment of senior notes	$0	$0	$400.0M	$400.0M
Payments of debt issuance costs	($5.7M)	($200.0K)	($15.9M)	($12.3M)
Repurchase of common stock	($320.3M)	($178.9M)	($534.0M)	($426.6M)
Proceeds from Issuance of Common Stock	$95.1M	$23.0M	$22.0M	$11.1M
Other	$2.6M	$2.0M	($2.6M)	$29.9M
Net cash used in financing activities	($301.4M)	($104.0M)	($518.1M)	($281.3M)
Net decrease in cash and cash equivalents and restricted cash and cash equivalents	($8.6M)	$50.7M	($346.2M)	($281.2M)
Cash and cash equivalents and restricted cash and cash equivalents beginning of period	$500.7M	$500.7M	$845.0M	$845.0M
Cash and cash equivalents and restricted cash and cash equivalents end of period	$492.1M	$551.4M	$498.8M	$563.8M
Cash paid during the period for interest	$207.2M	$97.7M	$323.8M	$217.4M
Cash paid during the period for income taxes, net of refunds	$13.8M	$300.0K	$232.1M	$183.4M

CREDIT ACCEPTANCE CORP score and earnings-call analysis · All covered companies

Figures as reported in SEC filings. General information, not investment advice.