ELVT · Elevate Credit, Inc. - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|
| Revenue | $416.64M | $465.35M | $746.96M | $580.44M | $580.44M |
| Cost of Revenue | $241.33M | $185.32M | $444.37M | $515.94M | $400.44M |
| Gross Profit | $175.31M | $280.03M | $302.59M | $270.74M | $180.00M |
| R&D | - | - | - | - | - |
| SG&A | - | - | - | - | - |
| Total Operating Expenses | $155.98M | $159.82M | $191.17M | $175.87M | $132.19M |
| D&A | $18.47M | $18.13M | $17.38M | $12.99M | $10.91M |
| Operating Income | $19.33M | $120.21M | $111.42M | $94.87M | $70.86M |
| Interest Expense | $38.48M | $49.02M | $66.65M | $79.20M | $64.28M |
| Income Tax | ($7.78M) | $10.91M | $12.25M | $1.41M | ($2.95M) |
| Net Income | ($33.60M) | $20.59M | $32.18M | $12.51M | ($22.37M) |
| EPS - Basic | ($0.98) | $0.50 | $0.73 | $0.29 | ($1.74) |
| EPS - Diluted | ($0.98) | $0.49 | $0.73 | $0.28 | ($1.74) |
Balance Sheet
| Line item | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|
| Cash & Equivalents | $84.98M | $197.98M | $88.91M | $58.31M | $29.80M |
| Accounts Receivable | - | - | - | - | - |
| Inventory | - | - | - | - | - |
| Accounts Payable | - | - | - | - | - |
| Current Assets | - | - | - | - | - |
| Total Assets | $710.68M | $669.60M | $783.59M | $753.27M | $687.54M |
| Current Liabilities | - | - | - | - | - |
| Long-term Debt | $505.28M | $438.40M | $555.06M | $562.59M | $513.29M |
| Total Liabilities | $601.71M | $505.74M | $627.10M | $636.48M | $591.39M |
| Stockholders' Equity | $108.97M | $163.86M | $156.49M | $116.79M | $52.19M |
| Retained Earnings | ($55.16M) | ($20.10M) | ($34.34M) | ($66.53M) | ($79.95M) |
Cash Flow
| Line item | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|
| Operating Cash Flow | $156.16M | $211.35M | $370.34M | $362.28M | $248.63M |
| Investing Cash Flow | ($304.64M) | $35.10M | ($327.52M) | ($391.82M) | ($375.81M) |
| Financing Cash Flow | $38.21M | ($124.34M) | ($12.92M) | $47.84M | $152.22M |
| CapEx | $17.28M | $16.07M | $24.69M | $27.49M | $8.31M |
| Free Cash Flow | $138.88M | $195.28M | $345.65M | $334.79M | $240.32M |
Ratios
| Metric | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|
| Profitability | |||||
| Gross margin | 42.1% | 60.2% | 40.5% | 46.6% | 31.0% |
| Operating margin | 4.6% | 25.8% | 14.9% | 16.3% | 12.2% |
| EBITDA margin | 9.1% | 29.7% | 17.2% | 18.6% | 14.1% |
| Net margin | -8.1% | 4.4% | 4.3% | 2.2% | -3.9% |
| Free cash flow margin | 33.3% | 42.0% | 46.3% | 57.7% | 41.4% |
| FCF / Net income | -4.13 | 9.48 | 10.74 | 26.76 | -10.74 |
| R&D / Revenue | - | - | - | - | - |
| SG&A / Revenue | - | - | - | - | - |
| Effective tax rate | - | 34.6% | 27.6% | 10.1% | - |
| Return on assets | -4.7% | 3.1% | 4.1% | 1.7% | -3.3% |
| Return on equity | -30.8% | 12.6% | 20.6% | 10.7% | -42.9% |
| Return on invested capital | 2.5% | 13.0% | 11.3% | 12.6% | 9.9% |
| Liquidity | |||||
| Current ratio | - | - | - | - | - |
| Quick ratio | - | - | - | - | - |
| Cash ratio | - | - | - | - | - |
| Leverage | |||||
| Debt / Equity | 4.64 | 2.68 | 3.55 | 4.82 | 9.84 |
| Debt / Assets | 0.71 | 0.65 | 0.71 | 0.75 | 0.75 |
| Debt / EBITDA | 13.37 | 3.17 | 4.31 | 5.22 | 6.28 |
| Interest coverage | 0.5x | 2.5x | 1.7x | 1.2x | 1.1x |
| Equity multiplier | 6.52 | 4.09 | 5.01 | 6.45 | 13.17 |
| Liabilities / Assets | 0.85 | 0.76 | 0.80 | 0.84 | 0.86 |
| Efficiency | |||||
| Asset turnover | 0.59 | 0.69 | 0.95 | 0.77 | 0.84 |
| Inventory turnover | - | - | - | - | - |
| Days sales outstanding | - | - | - | - | - |
| Days inventory outstanding | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - |
| Cash conversion cycle | - | - | - | - | - |
| Valuation | |||||
| P / E | - | - | - | - | - |
| P / B | - | - | - | - | - |
| P / S | - | - | - | - | - |
| EV / EBITDA | - | - | - | - | - |
| Growth | |||||
| Revenue growth (YoY) | -10.5% | -37.7% | 28.7% | 0.0% | - |
| Revenue CAGR (3y) | -10.5% | -7.1% | - | - | - |
| Revenue CAGR (5y) | - | - | - | - | - |
| Gross profit growth (YoY) | -37.4% | -7.5% | 11.8% | 50.4% | - |
| Operating income growth (YoY) | -83.9% | 7.9% | 17.4% | 33.9% | - |
| Net income growth (YoY) | - | -36.0% | 157.3% | - | - |
| EPS growth (YoY) | - | -32.9% | 160.7% | - | - |
| EPS CAGR (3y) | - | - | - | - | - |
| EPS CAGR (5y) | - | - | - | - | - |
| FCF growth (YoY) | -28.9% | -43.5% | 3.2% | 39.3% | - |
| FCF CAGR (5y) | - | - | - | - | - |
| Book value growth (YoY) | -33.5% | 4.7% | 34.0% | 123.8% | - |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2021-12-31.
Product / service
$4.09M totalProduct And Service Other$4.09M · 100.0%
Stability scores
Piotroski F-score
FY 2021 · 9-point quality
3/9
Weak
- ✗Net income positive
- ✓Operating cash flow positive
- ✗ROA improved YoY
- ✓Cash flow > net income
- ✗Long-term debt decreased
- -Current ratio improved
- ✓No share dilution
- ✗Gross margin improved
- ✗Asset turnover improved
Peer comparison
Same SIC group: Finance Services
Comparing Elevate Credit against the 5 most active filers in the same SIC group.