Nicholas Financial’s Competitors, Revenue, Number of Employees, Funding, Acquisitions & News

Nicholas Financial provides direct consumer loans and installment sales contracts from automobile dealers. Read more

Nicholas Financial provides direct consumer loans and installment sales contracts from automobile dealers. Read more

Doug Marohn's photo - President & CEO of Nicholas Financial

President & CEO

Doug Marohn

CEO Approval Rating

79/100

Founded:

1985

Status:

PublicSubsidiary of Prospect Capital CorporationNASDAQNICK

TOP COMPETITORS OR ALTERNATIVES

RANK

COMPANY

CEO

CEO RATING

EMPLOYEES

FUNDING

REVENUE

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OpenRoad Lending is the top competitor of Nicholas Financial. OpenRoad Lending is a Investment Company company that was founded in Fort Worth, Texas in 2009. Like Nicholas Financial, OpenRoad Lending also operates in the Consumer Finance & Credit Cards sector. OpenRoad Lending has 204 fewer employees vs. Nicholas Financial.

Carfinco is seen as one of Nicholas Financial's biggest rivals. Carfinco was founded in Edmonton, Alberta} in 1996. Like Nicholas Financial, Carfinco also competes in the Consumer Finance & Credit Cards space. Compared to Nicholas Financial, Carfinco generates $36.9M less revenue.

VAL is perceived as one of Nicholas Financial's biggest rivals. VAL was founded in 2008, and is headquartered in Spartanburg, South Carolina. Like Nicholas Financial, VAL also operates in the Consumer Finance & Credit Cards space. VAL generates $39.9M less revenue vs. Nicholas Financial.

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Quarterly and Annual Revenue

Trailing 12-Months Trend (TTM)

Annual Revenue

$51.9M

Nicholas Financial's revenue is the ranked 8th among it's top 10 competitors. The top 10 competitors average 3.5B. Over the last three quarters, Nicholas Financial's revenue has decreased by 5.5%. Specifically, in Q2 2020's revenue was $14.2M; in Q1 2020, it was $15.1M; in Q4 2019, it was $15M.

Acquisitions

COMPANY ACQUIRED
ACQUISITION DATE
AMOUNT
DESCRIPTION

-

-

Feb 2020

Source »
$19M
-

These are all the companies that Nicholas Financial has acquired. Nicholas Financial's latest acquisition was in Feb 2020.

Nicholas Financial Funding History

$5.2M

Since Nicholas Financial was founded in 1985, it has participated in 2 rounds of funding. In total Nicholas Financial has raised $5.2M. Nicholas Financial's last funding round was on May 2020 for a total of $3.2M

ROUND

FUNDING DATE

AMOUNT

INVESTORS

Debt - PPP (CARES Act)
May 2020
$3.2M
Debt - PPP (CARES Act)
May 2020
$2M - $5M

U.S. Small Business Administration.

Total Funding: $5.2M

Since Nicholas Financial was founded in 1985, it has participated in 2 rounds of funding. In total Nicholas Financial has raised $5.2M. Nicholas Financial's last funding round was on May 2020 for a total of $3.2M

Investments

No recent investments found related to Nicholas Financial

Nicholas Financial News

July 9, 2020MarketScreener

Nicholas Financial

(marketscreener.com) Exhibit 99.1 NICHOLAS FOR IMMEDIATE RELEASEContact: Doug Marohn, CEO NASDAQ: NIC... See more »
June 4, 2020NewsOk

Fiscal 4Q Earnings Snapshot

CLEARWATER, Fla. (AP) _ Nicholas Financial Inc.Read more on NewsOK.com... See more »
June 4, 2020Market Exclusive

NICHOLAS FINANCIAL, INC. (NASDAQ:NICK) Files An 8-K Entry into a Material Definitive Agreement

On May 27, 2020, Nicholas Financial, Inc. (the “Company”) obtained a loan in the amount of $3,243,900... See more »
April 16, 2020The Business Journals: Tampa Bay

Nicholas Financial in Clearwater to furlough 15 percent of workforce

Another Tampa Bay company is cutting back in the face of financial pressure from the ongoing COVID-19... See more »
April 15, 2020Market Exclusive

NICHOLAS FINANCIAL, INC. (NASDAQ:NICK) Files An 8-K Other Events

in response to the experienced and anticipated impacts on originations, operations, and cash flow acr... See more »

Nicholas Financial Press Releases

November 1, 2018GlobalNewswire

Nicholas Financial Reports 2nd Quarter Results

CLEARWATER, Fla., Nov. 01, 2018 (GLOBE NEWSWIRE) -- Nicholas Financial, Inc. (NASDAQ: NICK) announced... See more »
August 3, 2017GlobalNewswire

Nicholas Financial Reports 1st Quarter Results

CLEARWATER. Fla., Aug. 03, 2017 (GLOBE NEWSWIRE) -- Nicholas Financial, Inc. (NASDAQ:NICK) announced ... See more »
December 18, 2015Accesswire

Where Investors Are Going - Comprehensive Research on Nicholas Financial, Ryerson Holding, Endochoice Holdings and Bridgepoint Education

NEW YORK, NY / ACCESSWIRE / December 18, 2015 / Moments ago, Trader's Choice released new research up... See more »

Headquarters

2454 McMullen-Booth Road Building C

Clearwater, Florida33759

727-726-0763

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Summary

ABOUT

Overview

Nicholas Financial provides direct consumer loans and installment sales contracts from automobile dealers. Nicholas Financial was founded in 1985. Nicholas Financial's headquarters is located in Clearwater, Florida, USA 33759. It has raised 5.2M in 2 ...

CEO

Nicholas Financial's President & CEO, Doug Marohn, currently has an approval rating of 79%. Nicholas Financial's primary competitors are OpenRoad Lending, Carfinco & VAL.

Website

nicholasfinancial.com

Frequently Asked Questions about Nicholas Financial

  1. When was Nicholas Financial founded?

    Nicholas Financial was founded in 1985
  2. Who is Nicholas Financial's CEO?

    Nicholas Financial's CEO is Doug Marohn
  3. How much revenue does Nicholas Financial generate?

    Nicholas Financial generates $51.9M in revenue
  4. How much funding does Nicholas Financial have?

    Nicholas Financial has historically raised $5.2M in funding
  1. Where is Nicholas Financial's headquarters?

    Nicholas Financial's headquarters is in Clearwater Florida, USA
  2. How many employees does Nicholas Financial have?

    Nicholas Financial has 279 employees
  3. What sector does Nicholas Financial operate in?

    Nicholas Financial is in Consumer Finance & Credit Cards, Mortgage Finance, Diversified Financial Services
  4. Who are Nicholas Financial's competitors?

    Nicholas Financial's top competitors are OpenRoad Lending, Carfinco, VAL