HIGHOutside partySupplier
two credit card issuers
“10-K Item 1: 'For credit card receivables, the Company purchases from two issuers.'”
JCAP · Concentration risk · 10-K extracted
Jefferson Capital (JCAP) concentration risks
Updated
The most significant concentration Jefferson Capital discloses is two credit card issuers, classified HIGH by disclosed size. Below: the full set from the latest 10-K — verbatim quotes, filing references, and a synthesis of what these exposures mean together.
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results.
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Source: Jefferson Capital’s SEC Form 10-K filed — view the filing on SEC EDGAR ↗
At a glance
Disclosed-size breakdown · 3 disclosed concentrations
HIGH1
MEDIUM1
LOW1
Disclosed concentrations
Each card carries a disclosed-size chip (HIGH / MEDIUM / LOW — how large the exposure is as a share of revenue, not how dangerous it is) and a nature tag: Built-in(the company’s own model, geography, or products) or Outside party (an external customer, supplier, or distributor it relies on).
MEDIUMOutside partySupplier
45.2%
top five clients (portfolio sellers)
“10-K Item 1: 'The Company’s top five clients accounted for 45.2% and 55.3%, with the top client representing 23.6% and 32.8% of purchases for the years ended December 31, 2025 and 2024, respectively.'”
LOWOutside partySupplier
23.6%
top client (portfolio seller)
“10-K Item 1: 'The Company’s top five clients accounted for 45.2% and 55.3%, with the top client representing 23.6% and 32.8% of purchases for the years ended December 31, 2025 and 2024, respectively.'”
TrendMatrix Research · concentration synthesis
What these concentrations mean together
updated 2026-07-06Jefferson Capital's concentration sits on the supply side of its debt-purchasing business. For credit card receivables, the company purchases exclusively from two issuers, a high-share dependency given how narrow that sourcing channel is. More broadly across its portfolio-purchasing business, the top five clients accounted for 45.2% of purchases, a medium-share dependency on a small group of portfolio sellers, with the single largest client representing 23.6% of purchases — a low-share figure within that top-five group even though it is the largest individual relationship. Read together, the picture is one where the credit-card sourcing channel is the most acute dependency, since it runs through only two counterparties, while the broader portfolio-purchasing business is more diversified even at the top of its client list, with no single seller large enough to be more than a low-share piece of the whole. A disruption to either credit card issuer would be the more consequential event for Jefferson Capital's receivables pipeline than the loss of any one portfolio-selling client.
For the engine’s reasoning on JCAP’s current verdict — including which dimensions drove the score — see the per-dimension breakdown.
Industry peers · Credit Services
Peer concentration profile
| Symbol | Name | HIGH | MEDIUM | LOW | Total |
|---|---|---|---|---|---|
| AGM | Federal Agricultural Mortgage C | 3 | 0 | 0 | 3 |
| AFRM | Affirm Holdings, Inc. | 2 | 1 | 0 | 3 |
| JCAP● | Jefferson Capital, Inc. | 1 | 1 | 1 | 3 |
| ATLC | Atlanticus Holdings Corporation | 1 | 1 | 0 | 2 |
| AXP | American Express Company | 0 | 3 | 1 | 4 |
| ALLY | Ally Financial Inc. | 0 | 1 | 0 | 1 |
Concentration counts reflect items disclosed in each peer’s most recent 10-K; disclosed-size classification uses TrendMatrix’s internal 10-K extraction taxonomy.