Tearsheet

Jefferson Capital (JCAP)

Market Price (5/2/2026): $20.875 | Market Cap: $1.2 Bil
Sector: Financials | Industry: Consumer Finance

Jefferson Capital (JCAP)

Market Price (5/2/2026): $20.875
Market Cap: $1.2 Bil
Sector: Financials
Industry: Consumer Finance

Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.

Attractive yield
Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 20%, Dividend Yield is 5.2%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 16%, FCF Yield is 22%

Strong revenue growth
Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is 42%

Attractive cash flow generation
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 44%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 44%

Low stock price volatility
Vol 12M is 35%

Megatrend and thematic drivers
Megatrends include Digital & Alternative Assets. Themes include Private Credit.

Weak multi-year price returns
2Y Excs Rtn is -25%, 3Y Excs Rtn is -62%

Debt is significant
Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 114%

0	Attractive yield Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 20%, Dividend Yield is 5.2%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 16%, FCF Yield is 22%
1	Strong revenue growth Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is 42%
2	Attractive cash flow generation CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 44%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 44%
3	Low stock price volatility Vol 12M is 35%
4	Megatrend and thematic drivers Megatrends include Digital & Alternative Assets. Themes include Private Credit.
5	Weak multi-year price returns 2Y Excs Rtn is -25%, 3Y Excs Rtn is -62%
6	Debt is significant Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 114%

Valuation, Metrics & Events

	5/2/26	2025	2024	2023
Share Price CYE	$20.88	$22.34	�	�
Market Cap CYE ($ Bil)	1.2	1.3	-	-
Total Debt ($ Bil)	1.4	1.4	1.2	0.0
Total Cash ($ Bil)	0.0	0.0	0.0	0.0
Enterprise Value ($ Bil)	2.6	2.7
Valuation Ratios
P/S TTM	2.0	2.1	-	-
P/EBIT TTM	5.7	6.1	-	-
P/E TTM	7.0	7.5	-	-
P/FCF TTM	4.5	4.9	-	-
Sector Ratios
P/S TTM (Sector)	3.2	3.0	3.1	2.7
P/EBIT TTM (Sector)	6.8	6.6	8.2	7.2
P/E TTM (Sector)	11.7	11.0	11.5	9.9
P/FCF TTM (Sector)	8.9	8.7	9.0	7.7

	5/2/26	2025	2024
Share Price CYE	$20.88	$22.34	�
Market Cap CYE ($ Bil)	1.2	1.3	-
Total Debt ($ Bil)	1.4	1.4	1.2
Total Cash ($ Bil)	0.0	0.0	0.0
Enterprise Value ($ Bil)	2.6	2.7
Valuation Ratios
P/S TTM	2.0	2.1	-
P/EBIT TTM	5.7	6.1	-
P/E TTM	7.0	7.5	-
P/FCF TTM	4.5	4.9	-
Sector Ratios
P/S TTM (Sector)	3.2	3.0	3.1
P/EBIT TTM (Sector)	6.8	6.6	8.2
P/E TTM (Sector)	11.7	11.0	11.5
P/FCF TTM (Sector)	8.9	8.7	9.0

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Upcoming
6/11/2026	Earnings Release	Rev: $169 Mil (E) EPS: $0.70 (E)

Price Chart

Return (1M):

Why The Stock Moved

Qualitative Assessment

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Stock Movement Drivers

Fundamental Drivers

The -1.1% change in JCAP stock from 1/31/2026 to 5/1/2026 was primarily driven by a -0.1% change in the company's Shares Outstanding (Mil).

(LTM values as of)	1312026	5012026	Change
Stock Price ($)	21.11	20.87	-1.1%
Change Contribution By:
Total Revenues ($ Mil)	�	613	0.0%
Net Income Margin (%)	�	28.4%	0.0%
P/E Multiple	�	7.0	0.0%
Shares Outstanding (Mil)	58	58	-0.1%
Cumulative Contribution			0.0%

LTM = Last Twelve Months as of date shown

Market Drivers

1/31/2026 to 5/1/2026

	Return	Correlation
JCAP	-1.1%
Market (SPY)	3.6%	58.9%
Sector (XLF)	-2.3%	61.4%

Fundamental Drivers

The 13.2% change in JCAP stock from 10/31/2025 to 5/1/2026 was primarily driven by a 0.0% change in the company's P/E Multiple.

(LTM values as of)	10312025	5012026	Change
Stock Price ($)	18.44	20.87	13.2%
Change Contribution By:
Total Revenues ($ Mil)	�	613	0.0%
Net Income Margin (%)	�	28.4%	0.0%
P/E Multiple	�	7.0	0.0%
Shares Outstanding (Mil)	58	58	-0.1%
Cumulative Contribution			0.0%

LTM = Last Twelve Months as of date shown

Market Drivers

10/31/2025 to 5/1/2026

	Return	Correlation
JCAP	13.2%
Market (SPY)	5.5%	39.6%
Sector (XLF)	-0.0%	34.6%

Fundamental Drivers

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Market Drivers

4/30/2025 to 5/1/2026

	Return	Correlation
JCAP
Market (SPY)	30.4%	42.2%
Sector (XLF)	8.1%	33.5%

Fundamental Drivers

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Market Drivers

4/30/2023 to 5/1/2026

	Return	Correlation
JCAP
Market (SPY)	78.7%	42.2%
Sector (XLF)	64.3%	33.5%

Return vs. Risk

Price Returns Compared

	2021	2022	2023	2024	2025	2026	Total [1]
Returns
JCAP Return	-	-	-	-	23%	-6%	16%
Peers Return	59%	-23%	17%	2%	8%	4%	64%
S&P 500 Return	27%	-19%	24%	23%	16%	5%	92%
Monthly Win Rates [3]
JCAP Win Rate	-	-	-	-	57%	25%
Peers Win Rate	73%	38%	55%	43%	55%	60%
S&P 500 Win Rate	75%	42%	67%	75%	67%	50%
Max Drawdowns [4]
JCAP Max Drawdown	-	-	-	-	-12%	-16%
Peers Max Drawdown	-10%	-35%	-26%	-19%	-26%	-27%
S&P 500 Max Drawdown	-1%	-25%	-1%	-2%	-15%	-7%

[1] Cumulative total returns since the beginning of 2021
[2] Peers: ECPG, PRAA, NAVI, SLM, OMF.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 5/1/2026 (YTD)

JCAP has limited trading history. Below is the Financials sector ETF (XLF) in its place.

Event	XLF	S&P 500
2025 US Tariff Shock
% Loss	-15.5%	-18.8%
% Gain to Breakeven	18.4%	23.1%
Time to Breakeven	80 days	79 days
Summer-Fall 2023 Five Percent Yield Shock
% Loss	-10.7%	-9.5%
% Gain to Breakeven	12.0%	10.5%
Time to Breakeven	26 days	24 days
2023 SVB Regional Banking Crisis
% Loss	-16.1%	-6.7%
% Gain to Breakeven	19.1%	7.1%
Time to Breakeven	270 days	31 days
2022 Inflation Shock & Fed Tightening
% Loss	-22.3%	-24.5%
% Gain to Breakeven	28.6%	32.4%
Time to Breakeven	467 days	427 days
2020 COVID-19 Crash
% Loss	-42.8%	-33.7%
% Gain to Breakeven	74.8%	50.9%
Time to Breakeven	289 days	140 days
Q4 2018 Fed Policy Error / Growth Scare
% Loss	-19.7%	-19.2%
% Gain to Breakeven	24.5%	23.7%
Time to Breakeven	123 days	105 days

Compare to ECPG, PRAA, NAVI, SLM, OMF

In The Past

SPDR Select Sector Fund's stock fell -15.5% during the 2025 US Tariff Shock. Such a loss loss requires a 18.4% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

JCAP has limited trading history. Below is the Financials sector ETF (XLF) in its place.

Event	XLF	S&P 500
2022 Inflation Shock & Fed Tightening
% Loss	-22.3%	-24.5%
% Gain to Breakeven	28.6%	32.4%
Time to Breakeven	467 days	427 days
2020 COVID-19 Crash
% Loss	-42.8%	-33.7%
% Gain to Breakeven	74.8%	50.9%
Time to Breakeven	289 days	140 days
2015-2016 China Devaluation / Global Growth Scare
% Loss	-21.4%	-12.2%
% Gain to Breakeven	27.3%	13.9%
Time to Breakeven	272 days	62 days
2011 US Debt Ceiling Crisis & European Contagion
% Loss	-26.1%	-17.9%
% Gain to Breakeven	35.3%	21.8%
Time to Breakeven	162 days	123 days
2008-2009 Global Financial Crisis
% Loss	-78.3%	-53.4%
% Gain to Breakeven	359.8%	114.4%
Time to Breakeven	2329 days	1085 days

Compare to ECPG, PRAA, NAVI, SLM, OMF

In The Past

SPDR Select Sector Fund's stock fell -15.5% during the 2025 US Tariff Shock. Such a loss loss requires a 18.4% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

About Jefferson Capital (JCAP)

Business Description Analogies Products Customers Suppliers Management Key Risks Emerging Threats Market Size Revenue Drivers Capital Allocation

Jernigan Capital, Inc. is an equity real estate investment trust. The firm primarily engages in the investment and ownership of self storage facilities in United States. Jernigan Capital, Inc. is based in Memphis, Tennessee.

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Self-storage unit rentals: Provides rentable storage spaces of various sizes for individuals and businesses to store their personal or commercial items.
Real estate investment in self-storage facilities: Acquires, develops, and manages self-storage properties as an equity real estate investment trust, generating revenue from rental income and property appreciation.

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Based on the description provided for Jernigan Capital, Inc., which invests in and owns self-storage facilities, its major customers are the tenants who rent storage units. The company primarily sells its services to individuals and businesses requiring temporary or long-term storage solutions.

The up to three main categories of customers are:

Individuals and Households: This is the largest customer segment, comprising people who need storage for personal reasons. This includes individuals undergoing life transitions such as moving, downsizing, divorce, or dealing with an estate. Other common uses include decluttering, storing seasonal items (holiday decorations, sports equipment), or safeguarding belongings during home renovations or travel.
Small and Medium-sized Businesses (SMBs): Businesses often utilize self-storage for various operational needs. This can include storing inventory (especially for e-commerce, retail, or contractors), archiving important documents and records, keeping tools and equipment secure, or holding excess supplies and merchandise. These businesses benefit from the flexibility and cost-effectiveness compared to traditional warehouse space.
Students: College and university students frequently use self-storage units to store their belongings during summer breaks, study abroad programs, or when transitioning between dorms or apartments. This provides a convenient and often more affordable solution than transporting items long distances or leaving them in temporary housing.

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Jefferson Capital (JCAP) operates primarily in the debt recovery solutions and consumer receivables market, purchasing portfolios of charged-off consumer receivables and providing debt servicing. The addressable markets for these services in the regions where the company operates are as follows:

United States: The market size for Debt Collection Agencies in the U.S. is estimated at $13.6 billion in 2025. The Debt Collection Services market in the United States is projected at $9.63 billion in 2025.
United Kingdom: The market size for Debt Collection Agencies in the UK is £2.0 billion (approximately $2.54 billion USD at current exchange rates) in 2025.
Canada: The Debt Collection Agencies market in Canada is valued at $955.7 million in 2026.
Latin America: The Debt Collection Services market in Latin America is estimated to be $1.53 billion in 2025.

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Interactive Breakdown

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Better Bets vs. Jefferson Capital (JCAP)

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Latest Trefis Analyses

	Title	Date
0	DASHBOARDS
1	Jefferson Capital Stock Pre-Market (-4.4%): Secondary Offering Announced	01/06/2026
2	Jefferson Capital Earnings Notes	12/16/2025

	Title
0	ARTICLES

Trade Ideas

Select ideas related to JCAP.

Unique Key	Date	Ticker	Company	Category	Trade Strategy	6M Fwd Rtn	12M Fwd Rtn	12M Max DD
EEFT_4302026_Dip_Buyer_ValueBuy	04302026	EEFT	Euronet Worldwide	Dip Buy	DB \| P/E OPMDip Buy with Low PE and High Margin Buying dips for companies with tame PE and meaningfully high operating margin	0.0%	0.0%	0.0%
HOMB_4242026_Insider_Buying_GTE_1Mil_EBITp+DE_V2	04242026	HOMB	Home BancShares	Insider	Insider Buys \| Low D/EStrong Insider Buying Companies with strong insider buying in the last 1 month, positive operating income and reasonable debt / market cap	1.5%	1.5%	0.0%
HBAN_3312026_Insider_Buying_45D_2Buy_200K	03312026	HBAN	Huntington Bancshares	Insider	Insider Buys 45DStrong Insider Buying Companies with multiple insider buys in the last 45 days	7.1%	7.1%	0.0%
NP_3312026_Insider_Buying_45D_2Buy_200K	03312026	NP	Neptune Insurance	Insider	Insider Buys 45DStrong Insider Buying Companies with multiple insider buys in the last 45 days	3.9%	3.9%	0.0%
JKHY_3272026_Monopoly_xInd_xCD_Getting_Cheaper	03272026	JKHY	Jack Henry & Associates	Monopoly	MY \| Getting CheaperMonopoly-Like with P/S Decline Large cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple	0.3%	0.3%	-4.0%

Recent Active Movers

Top Gainers

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Top Losers

Ticker	Company	Mkt Cap (B)	1D Rtn	YTD Rtn
SMMT	Summit Therapeutics	12.4	-24.9%	-7.9%
TREE	LendingTree	0.5	-21.7%	-26.9%
NSP	Insperity	1.1	-19.8%	-24.2%
CBIO	Crescent Biopharma	0.6	-19.2%	52.4%
RBLX	Roblox	31.8	-18.3%	-44.3%
CABO	Cable One	0.4	-18.0%	-33.5%
ATMU	Atmus Filtration Technologies	4.2	-17.0%	1.5%
RYAN	Ryan Specialty	4.0	-11.3%	-40.1%
SNDX	Syndax Pharmaceuticals	1.7	-10.8%	-9.0%
DLB	Dolby Laboratories	5.5	-10.4%	-10.0%

Top Gainers

Ticker	Company	Mkt Cap (B)	1W Rtn	YTD Rtn
BAND	Bandwidth	1.4	86.0%	190.4%
MANE	Veradermics	2.0	48.9%	167.5%
KFRC	Kforce	0.8	35.9%	44.5%
FIVN	Five9	1.7	34.4%	10.9%
NVCR	NovoCure	1.9	33.3%	28.5%
COCO	Vita Coco	3.8	32.5%	25.9%
PRCH	Porch	1.1	30.7%	12.9%
KNSA	Kiniksa Pharmaceuticals International	4.2	29.2%	34.0%
NUTX	Nutex Health	1.0	28.9%	-15.2%
LWLG	Lightwave Logic	2.2	28.5%	402.2%

Top Losers

Ticker	Company	Mkt Cap (B)	1W Rtn	YTD Rtn
ERAS	Erasca	2.8	-53.3%	169.6%
POET	POET Technologies	0.7	-51.6%	15.5%
VISN	Vistance Networks	2.6	-38.5%	-35.3%
OPCH	Option Care Health	3.2	-29.5%	-37.1%
RMBS	Rambus	12.1	-29.3%	21.8%
CABO	Cable One	0.4	-27.2%	-33.5%
CBIO	Crescent Biopharma	0.6	-27.1%	52.4%
SMMT	Summit Therapeutics	12.4	-27.0%	-7.9%
IDCC	InterDigital	7.5	-21.2%	-8.3%
TREE	LendingTree	0.5	-19.6%	-26.9%

Top Gainers

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Top Losers

Ticker	Company	Mkt Cap (B)	1M Rtn	YTD Rtn
ERAS	Erasca	2.8	-39.6%	169.6%
VISN	Vistance Networks	2.6	-35.0%	-35.3%
LCID	Lucid	2.1	-31.6%	-38.1%
VRDN	Viridian Therapeutics	1.3	-29.9%	-56.9%
OPCH	Option Care Health	3.2	-24.4%	-37.1%
TSCO	Tractor Supply	17.9	-24.0%	-32.1%
QDEL	QuidelOrtho	0.9	-23.8%	-55.7%
IIIN	Insteel Industries	0.5	-22.7%	-16.6%
RBLX	Roblox	31.8	-21.7%	-44.3%
PATK	Patrick Industries	2.9	-21.3%	-17.7%

Peer Comparisons

Peers to compare with:

Financials

	JCAP	ECPG	PRAA	NAVI	SLM	OMF	Median
Name	Jefferso.	Encore C.	PRA	Navient	SLM	OneMain
Mkt Price	20.87	83.30	22.23	9.17	22.69	56.59	22.46
Mkt Cap	1.2	1.9	0.9	0.9	4.4	6.7	1.5
Rev LTM	613	1,769	1,213	606	1,963	4,971	1,491
Op Inc LTM	215	627	244	-	-	-	244
FCF LTM	268	127	-90	323	-328	3,132	197
FCF 3Y Avg	-	118	-96	461	-319	2,783	118
CFO LTM	269	153	-86	323	-328	3,132	211
CFO 3Y Avg	-	154	-93	461	-319	2,783	154

Growth & Margins

	JCAP	ECPG	PRAA	NAVI	SLM	OMF	Median
Name	Jefferso.	Encore C.	PRA	Navient	SLM	OneMain
Rev Chg LTM	41.5%	34.4%	8.0%	-27.1%	5.1%	9.6%	8.8%
Rev Chg 3Y Avg	-	9.8%	10.3%	-25.8%	2.0%	5.8%	5.8%
Rev Chg Q	30.1%	78.3%	13.7%	-2.6%	-3.6%	8.6%	11.1%
QoQ Delta Rev Chg LTM	6.2%	13.3%	3.5%	-0.7%	-1.1%	2.1%	2.8%
Op Inc Chg LTM	47.7%	126.7%	16.1%	-	-	-	47.7%
Op Inc Chg 3Y Avg	-	28.8%	74.0%	-	-	-	51.4%
Op Mgn LTM	35.0%	35.4%	20.1%	-	-	-	35.0%
Op Mgn 3Y Avg	-	26.3%	9.5%	-	-	-	17.9%
QoQ Delta Op Mgn LTM	-0.2%	7.4%	2.3%	-	-	-	2.3%
CFO/Rev LTM	43.8%	8.7%	-7.1%	53.3%	-16.7%	63.0%	26.2%
CFO/Rev 3Y Avg	-	11.0%	-9.2%	50.8%	-16.6%	60.4%	11.0%
FCF/Rev LTM	43.7%	7.2%	-7.4%	53.3%	-16.7%	63.0%	25.4%
FCF/Rev 3Y Avg	-	8.4%	-9.6%	50.8%	-16.6%	60.4%	8.4%

Valuation

	JCAP	ECPG	PRAA	NAVI	SLM	OMF	Median
Name	Jefferso.	Encore C.	PRA	Navient	SLM	OneMain
Mkt Cap	1.2	1.9	0.9	0.9	4.4	6.7	1.5
P/S	2.0	1.1	0.7	1.4	2.3	1.3	1.4
P/Op Inc	5.7	3.0	3.5	-	-	-	3.5
P/EBIT	5.7	3.0	-6.2	-	-	-	3.0
P/E	7.0	7.2	-2.8	-14.5	5.9	8.5	6.5
P/CFO	4.5	12.1	-10.1	2.7	-13.5	2.1	2.4
Total Yield	19.6%	13.8%	-35.4%	0.2%	19.3%	19.3%	16.5%
Dividend Yield	5.2%	0.0%	0.0%	7.1%	2.4%	7.5%	3.8%
FCF Yield 3Y Avg	-	10.0%	-11.6%	34.9%	-6.4%	41.9%	10.0%
D/E	1.2	2.2	4.3	51.2	1.4	3.4	2.8
Net D/E	1.1	2.1	4.1	50.5	0.1	3.2	2.6

Returns

	JCAP	ECPG	PRAA	NAVI	SLM	OMF	Median
Name	Jefferso.	Encore C.	PRA	Navient	SLM	OneMain
1M Rtn	8.1%	17.5%	25.0%	10.6%	4.4%	4.8%	9.4%
3M Rtn	-1.1%	50.9%	73.8%	-4.7%	-15.9%	-12.0%	-2.9%
6M Rtn	13.2%	100.3%	62.1%	-22.6%	-14.6%	-0.9%	6.2%
12M Rtn	16.8%	142.0%	20.9%	-22.6%	-22.9%	28.3%	18.8%
3Y Rtn	16.8%	68.7%	-36.3%	-30.0%	70.2%	97.2%	42.7%
1M Excs Rtn	-1.8%	7.6%	15.1%	0.7%	-5.6%	-5.2%	-0.6%
3M Excs Rtn	-5.3%	46.7%	69.6%	-8.9%	-20.1%	-16.2%	-7.1%
6M Excs Rtn	8.4%	93.1%	54.7%	-23.8%	-19.9%	-0.2%	4.1%
12M Excs Rtn	-13.1%	112.3%	-8.4%	-51.5%	-49.8%	-0.1%	-10.7%
3Y Excs Rtn	-61.5%	-12.7%	-116.8%	-114.1%	-12.8%	11.9%	-37.2%

FDIC Bank Data

Bank Capital

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Bank Deposits

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Bank Assets

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Bank Loans

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FDA Approved Drugs Data

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Financials

Annual
Quarterly

$ Mil \| FY: 12/31	LTM	2025	2024	2023
Period End	12/31/2025	12/31/2025	12/31/2024	12/31/2023
Filing Date	3/13/2026	3/13/2026	6/27/2025	2/5/2025
Key Financials
Total Revenue	613	613	433	323
Net Income	174	188	129	112
EPS	20.65	5.64	2.21	1.91
Growth Rates
Total Revenue Growth	41.5%	41.5%	34.1%	-
Net Income Growth	35.3%	45.8%	15.6%	-
Margins
Net Income Margin	28.4%	30.6%	29.7%	34.5%
Cash & Debt
Total Cash	23	23	36	14
Total Debt	1,409	1,409	1,195	771
Net Debt / (Cash)	1,386	1,386	1,159	757
Cash Flows
Net Cash from Operations	269	269	168	120
Free Cash from Operations	268	268	162	119
Returns to Shareholders
Dividends	63	63	36	31
Share Repurchases	-0	-0	-0	-0

$ Mil \| FY: 12/31	2025Q4	2025Q3	2025Q2	2025Q1	2024Q4	2024Q3	2024Q2	2024Q1
Period End	12/31/2025	9/30/2025	6/30/2025	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024
Filing Date	3/13/2026	11/14/2025	8/14/2025	6/27/2025	6/27/2025	11/14/2025	8/14/2025	6/27/2025
Key Financials Quarterly
Total Revenue	155	151	153	155	119	111	104	100
Net Income	38	38	48	51	27	37	32	33
EPS	0.58	0.59	18.61	0.87	0.46	0.63	0.55	0.56
Key Financials TTM
Total Revenue TTM	613	577	537	488	433	-	-	-
Net Income TTM	174	164	162	147	129	-	-	-
Growth Rates Quarterly
Total Revenue Growth	30.1%	36.4%	47.1%	55.0%	-	-	-	-
Net Income Growth	40.0%	4.0%	48.1%	54.1%	-	-	-	-
Margins Quarterly
Net Income Margin	24.4%	25.4%	31.2%	32.7%	22.7%	33.3%	31.0%	32.9%
Cash & Debt
Total Cash	23	42	52	27	36	-	-	-
Total Debt	1,409	1,187	1,186	1,208	1,195	0	0	0
Net Debt / (Cash)	1,386	1,145	1,135	1,180	1,159	-	-	-
Cash Flows Quarterly
FCF from Operations	75	63	79	52	77	8	48	35
Cash Flows TTM
FCF from Operations TTM	269	271	216	184	168	-	-	-
Returns to Shareholders Quarterly
Dividends	16	16	16	16	16	20	0	0
Share Repurchases	-0	-0	-0	-0	-0	-0	-0	-0
Return on Invested Capital (ROIC) Quarterly
ROIC	10.9%	13.3%	16.5%	16.0%	10.4%	-	-	-
Return on Invested Capital (ROIC) TTM
ROIC TTM	12.4%	14.3%	14.4%	12.4%	11.7%	-	-	-

Segment Financials

Revenue by Segment

$ Mil	2025	2024
Single Segment	433	323
Total	433	323

Price Behavior

Price Behavior

Market Price	$20.87
Market Cap ($ Bil)	1.2
First Trading Date	03/27/2015
Distance from 52W High	-9.6%
	50 Days	200 Days
DMA Price	$19.37	$19.37
DMA Trend	up	down
Distance from DMA	7.7%	7.7%
	3M	1YR
Volatility	29.8%	35.4%
Downside Capture	0.87	0.59
Upside Capture	111.86	106.27
Correlation (SPY)	58.4%

JCAP Betas & Captures as of 4/30/2026

	1M	2M	3M	6M	1Y	3Y
Beta	0.64	0.97	1.17	1.09	0.08	0.13
Up Beta	0.25	0.11	0.56	1.00	-0.36	-0.27
Down Beta	5.27	1.76	1.81	1.85	-0.82	0.04
Up Capture	88%	107%	113%	98%	78%	8%
Bmk +ve Days	15	22	31	66	141	428
Stock +ve Days	14	23	33	64	104	104
Down Capture	194%	123%	134%	80%	97%	50%
Bmk -ve Days	4	18	30	56	108	321
Stock -ve Days	8	20	30	60	104	104

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively

Based On 1-Year Data

	Annualized Return	Annualized Volatility	Sharpe Ratio	Correlation with JCAP
JCAP	16.8%	35.4%	0.58	-
Sector ETF (XLF)	8.2%	14.7%	0.32	33.5%
Equity (SPY)	30.6%	12.5%	1.88	42.2%
Gold (GLD)	39.5%	27.2%	1.20	-3.9%
Commodities (DBC)	51.5%	17.9%	2.20	-5.1%
Real Estate (VNQ)	13.1%	13.5%	0.67	20.8%
Bitcoin (BTCUSD)	-18.2%	42.1%	-0.36	28.3%

Smart multi-asset allocation framework can stack odds in your favor. Learn How

Based On 5-Year Data

	Annualized Return	Annualized Volatility	Sharpe Ratio	Correlation with JCAP
JCAP	3.1%	35.4%	0.58	-
Sector ETF (XLF)	9.8%	18.7%	0.40	33.5%
Equity (SPY)	12.8%	17.1%	0.59	42.2%
Gold (GLD)	20.5%	17.9%	0.94	-3.9%
Commodities (DBC)	14.3%	19.1%	0.61	-5.1%
Real Estate (VNQ)	3.5%	18.8%	0.09	20.8%
Bitcoin (BTCUSD)	7.4%	56.1%	0.35	28.3%

Smart multi-asset allocation framework can stack odds in your favor. Learn How

Based On 10-Year Data

	Annualized Return	Annualized Volatility	Sharpe Ratio	Correlation with JCAP
JCAP	1.6%	35.4%	0.58	-
Sector ETF (XLF)	12.6%	22.2%	0.52	33.5%
Equity (SPY)	14.9%	17.9%	0.71	42.2%
Gold (GLD)	13.6%	15.9%	0.71	-3.9%
Commodities (DBC)	9.7%	17.7%	0.46	-5.1%
Real Estate (VNQ)	5.7%	20.7%	0.24	20.8%
Bitcoin (BTCUSD)	67.4%	66.9%	1.07	28.3%

Smart multi-asset allocation framework can stack odds in your favor. Learn How

Short Interest

Short Interest: As Of Date	4152026
Short Interest: Shares Quantity	0.8 Mil
Short Interest: % Change Since 3312026	-1.3%
Average Daily Volume	0.3 Mil
Days-to-Cover Short Interest	3.0 days
Basic Shares Quantity	58.3 Mil
Short % of Basic Shares	1.4%

Returns Analyses

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Earnings Returns History

Expand for More

	Forward Returns
Earnings Date	1D Returns	5D Returns	21D Returns
3/12/2026	-2.7%	0.7%	-0.7%
11/13/2025	6.6%	-0.1%	7.6%
8/14/2025	-1.3%	-5.1%	-4.7%
SUMMARY STATS
# Positive	1	1	1
# Negative	2	2	2
Median Positive	6.6%	0.7%	7.6%
Median Negative	-2.0%	-2.6%	-2.7%
Max Positive	6.6%	0.7%	7.6%
Max Negative	-2.7%	-5.1%	-4.7%

	Forward Returns
3/12/2026	-2.7%	0.7%	-0.7%
11/13/2025	6.6%	-0.1%	7.6%
8/14/2025	-1.3%	-5.1%	-4.7%
SUMMARY STATS
# Positive	1	1	1
# Negative	2	2	2
Median Positive	6.6%	0.7%	7.6%
Median Negative	-2.0%	-2.6%	-2.7%
Max Positive	6.6%	0.7%	7.6%
Max Negative	-2.7%	-5.1%	-4.7%

SEC Filings

Expand for More

Report Date	Filing Date	Filing
12/31/2025	03/13/2026	10-K
09/30/2025	11/14/2025	10-Q
06/30/2025	08/14/2025	10-Q
03/31/2025	06/27/2025	424B4
12/31/2023	02/05/2025	DRS/A

Recent Forward Guidance [BETA]

Latest: Q4 2025 Earnings Reported 3/12/2026

Forward Guidance				Guidance Change
Metric	Low	Mid	High	% Chg	% Delta	Change	Prior
2026 Deployments		224.80 Mil		-17.6%		Lowered	Guidance: 272.80 Mil for 2026

Prior: Q3 2025 Earnings Reported 11/13/2025

Forward Guidance				Guidance Change
Metric	Low	Mid	High	% Chg	% Delta	Change	Prior
2026 Deployments		272.80 Mil		24.7%		Raised	Guidance: 218.80 Mil for 2026

Insider Activity

Expand for More

#	Owner	Title	Holding	Action	Filing Date	Price	Shares	Transacted Value	Value of Held Shares	Form
1	Jcf, Iv Jcap Holding LP		See Footnotes	Sell	1132026	19.63	11,000,000	215,916,800	642,289,825	Form
2	J.c., Flowers IV LP		See Footnotes	Sell	7012025	15.00	8,708,911	130,633,665	202,392,840	Form
3	Burton, David M	SEE REMARKS	Direct	Sell	6302025	15.00	424,296	6,364,440	56,662,500	Form

JCAP Trade Sentinel

Stock Conviction

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CONVICTION RATIONALE

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STOCK ARCHETYPE

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Looking for high-conviction positions with a better risk/reward profile? See what's currently in the Trefis High Quality Portfolio.

INVESTMENT THESIS

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Mechanism: null

Supporting Evidence:

PRIMARY RISK

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Mechanism: null

Supporting Evidence:

Key KPI Watchlist

KPI	Threshold	Rationale

Core Investment Debate

BULL VIEW

CORE TENSION

PREVAILING SENTIMENT

BEAR VIEW

Next 6 months: Risks and Catalysts

Timeline	Event & Metric To Watch

Key Events in Last 6 Months

Date	Event	Stock Impact

Risk Management

Position Sizing

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Diversification Alternatives

How Is The Market Pricing JCAP?

What will confirm the thesis

What will damage the thesis

Noise: Real but irrelevant to thesis

Repricing Catalyst

What JCAP Makes & Who Pays

TTM figures based on

JCAP Evolution: Price Return by Era

① Structure

② Volume / Momentum

③ Catalyst

Combined Score

0 / 12

1 Price Structure & Trend · ▾

2 Momentum ▾

3 Relative Strength vs. SPY ▾

4 Institutional Footprint & Volume ▾

5 Volatility ▾

6 Key Price Levels Range · Vol ▾

7 Earnings Reaction History ▾

8 How the Verdict Is Derived Three Pillars ▾

Pillar	Score
① Structure	0
② Vol / Mom	0
③ Catalyst	0

ℹ Bull Pillars: 0 · Bear Pillars: 0 · Combined Score: 0 →

Industry Resources

Financials Resources

Federal Reserve Economic Data

External Quote Links

0	Y Finance	Barrons
1	TradingView	Morningstar
2	SeekingAlpha	ValueLine
3	Motley Fool	Robinhood
4	CNBC	Etrade
5	MarketWatch	Unusual Whales
6	YCharts	Perplexity Finance
7	FinViz

Prefer one of these to Trefis? Tell us why.

Jefferson Capital (JCAP)

Market Price (5/2/2026): $20.875 | Market Cap: $1.2 BilSector: Financials | Industry: Consumer Finance

Jefferson Capital (JCAP)

Market Price (5/2/2026): $20.875Market Cap: $1.2 BilSector: FinancialsIndustry: Consumer Finance

Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.

Valuation, Metrics & Events

Price Chart

Why The Stock Moved

Qualitative Assessment

Stock Movement Drivers

Fundamental Drivers

Market Drivers

Fundamental Drivers

Market Drivers

Fundamental Drivers

Market Drivers

Fundamental Drivers

Market Drivers

Return vs. Risk

Price Returns Compared

How Low Can It Go

In The Past

Preserve Wealth

Asset Allocation

In The Past

Preserve Wealth

Asset Allocation

About Jefferson Capital (JCAP)

Interactive Breakdown

Better Bets vs. Jefferson Capital (JCAP)

Latest Trefis Analyses

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FDIC Bank Data

Bank Capital

Bank Deposits

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Bank Loans

FDA Approved Drugs Data

Financials

Segment Financials

Price Behavior

Based On 1-Year Data

Based On 5-Year Data

Based On 10-Year Data

Short Interest

Returns Analyses

Earnings Returns History

SEC Filings

Recent Forward Guidance [BETA]

Insider Activity

JCAP Trade Sentinel

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CONVICTION RATIONALE

STOCK ARCHETYPE

INVESTMENT THESIS

PRIMARY RISK

BULL VIEW

CORE TENSION

PREVAILING SENTIMENT

BEAR VIEW

Position Sizing

null

Diversification Alternatives

Market Price (5/2/2026): $20.875 | Market Cap: $1.2 Bil
Sector: Financials | Industry: Consumer Finance

Market Price (5/2/2026): $20.875
Market Cap: $1.2 Bil
Sector: Financials
Industry: Consumer Finance