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Atlantic International (CIRC) Financials

$0.77 +0.05 (+6.89%)
Closing price 07/17/2026 04:00 PM Eastern
Extended Trading
$0.76 -0.01 (-1.59%)
As of 07/17/2026 07:51 PM Eastern
Extended trading is trading that happens on electronic markets outside of regular trading hours. This is a fair market value extended hours price provided by Massive. Learn more.
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Annual Income Statements for Atlantic International

Annual Income Statements for Atlantic International

This table shows Atlantic International's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2021 2022 2023 2024 2025
Period end date 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Net Income / (Loss) Attributable to Common Shareholders		 -3.82 -4.09 -15 -135 -59
Consolidated Net Income / (Loss)		 -3.70 -4.09 -15 -135 -59
Net Income / (Loss) Continuing Operations		 -3.82 -4.09 -15 -135 -59
Total Pre-Tax Income 		-3.82 -4.09 -21 -130 -59
Total Operating Income		 -2.55 -4.00 -3.45 -22 -50
Total Gross Profit		 0.15 0.08 47 47 46
Total Revenue		 0.05 0.08 401 443 436
Operating Revenue		 0.05 0.08 401 443 436
Total Cost of Revenue		 0.06 0.00 354 395 390
Operating Cost of Revenue		 0.06 0.00 354 395 390
Total Operating Expenses		 2.70 4.08 50 69 96
Selling, General & Admin Expense		 2.17 2.51 45 64 91
Depreciation Expense		 - - 5.04 4.99 4.93
Total Other Income / (Expense), net		 -1.11 -0.10 -18 -108 -9.16
Interest Expense		 1.14 0.09 18 13 9.16
Other Income / (Expense), net		 -0.01 -0.05 0.00 -95 0.00
Income Tax Expense		 - - -5.93 5.38 0.03
Basic Earnings per Share		 ($0.51) ($12.38) ($0.60) ($3.68) ($1.08)
Weighted Average Basic Shares Outstanding		 7.22M 330.65K 25.42M 36.78M 54.85M
Diluted Earnings per Share		 - - ($0.60) ($3.68) ($1.08)
Weighted Average Diluted Shares Outstanding		 - 13.89M 25.42M 36.78M 54.85M

Quarterly Income Statements for Atlantic International

This table shows Atlantic International's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q1 2026
Period end date 9/30/2023 12/31/2023 3/31/2025 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 3/31/2026
Net Income / (Loss) Attributable to Common Shareholders		 -3.92 -5.99 -11 -55 -7.05 -72 -11 -11 -11 -31
Consolidated Net Income / (Loss)		 -3.92 -6.00 -11 -55 -7.05 -72 -11 -11 -11 -31
Net Income / (Loss) Continuing Operations		 -3.92 -6.00 -11 -55 -7.05 -72 -11 -11 -11 -31
Total Pre-Tax Income 		-5.27 -9.05 -11 -72 -8.27 -49 -11 -11 -11 -31
Total Operating Income		 -0.38 -0.21 -9.45 -8.31 -6.51 -5.94 -9.45 -8.68 -8.72 -15
Total Gross Profit		 12 24 11 11 12 24 11 11 12 21
Total Revenue		 98 214 103 105 108 230 103 103 110 250
Operating Revenue		 98 - 103 105 108 - 103 103 110 250
Total Cost of Revenue		 86 190 92 93 96 206 92 91 98 228
Operating Cost of Revenue		 86 - 92 93 96 - 92 91 98 228
Total Operating Expenses		 12 24 21 20 18 -13 21 20 21 36
Selling, General & Admin Expense		 10 23 19 19 17 28 19 19 20 32
Depreciation Expense		 1.26 - 1.24 1.25 1.25 - 1.24 1.23 1.23 4.33
Total Other Income / (Expense), net		 -4.89 -9.25 -1.28 -64 -1.76 -86 -1.28 -2.02 -2.09 -16
Interest Expense		 4.89 13 1.28 5.21 1.47 10 1.28 2.02 2.09 3.32
Other Income / (Expense), net		 0.00 - - -59 -0.29 - 0.00 0.00 0.00 -13
Income Tax Expense		 -1.35 - 0.01 -17 -1.22 - 0.01 0.01 0.01 -0.07
Net Income / (Loss) Attributable to Noncontrolling Interest		 - - - - - - - - - 0.06
Basic Earnings per Share		 ($0.15) ($0.24) ($0.20) ($1.96) ($0.16) ($1.97) ($0.20) ($0.20) ($0.20) ($0.44)
Weighted Average Basic Shares Outstanding		 25.42M 25.42M 53.98M 28.08M 44.69M 36.78M 53.98M 54.55M 55.12M 74.01M
Diluted Earnings per Share		 ($0.15) ($0.24) ($0.20) ($1.96) ($0.16) ($1.97) ($0.20) ($0.20) ($0.20) ($0.44)
Weighted Average Diluted Shares Outstanding		 25.42M 25.42M 53.98M 28.08M 44.69M 36.78M 53.98M 54.55M 55.12M 74.01M
Weighted Average Basic & Diluted Shares Outstanding		 380.65K 0.00 58.38M 48.73M 50.15M 62.42M - 58.38M 58.53M 81.29M

Annual Cash Flow Statements for Atlantic International

This table details how cash moves in and out of Atlantic International's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2021 2022 2023 2024 2025
Period end date 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Net Change in Cash & Equivalents		 4.02 -1.83 -0.36 -0.67 -0.60
Net Cash From Operating Activities		 -1.99 -3.66 -9.08 -5.99 -4.40
Net Cash From Continuing Operating Activities		 -1.99 -3.66 -9.08 -5.98 -4.40
Net Income / (Loss) Continuing Operations		 -3.70 -4.09 -15 -135 -59
Consolidated Net Income / (Loss)		 -3.70 -4.09 -15 -135 -59
Depreciation Expense		 0.09 0.09 5.04 4.99 4.93
Amortization Expense		 - - 0.67 2.27 1.87
Non-Cash Adjustments To Reconcile Net Income		 1.51 0.50 7.12 98 41
Changes in Operating Assets and Liabilities, net		 0.12 -0.16 -6.66 24 7.18
Net Cash From Investing Activities		 -5.99 1.83 -0.07 -0.07 -0.07
Net Cash From Continuing Investing Activities		 -5.99 1.83 -0.07 -0.07 -0.07
Purchase of Property, Plant & Equipment		 -0.01 -0.04 -0.07 -0.07 -0.07
Net Cash From Financing Activities		 12 0.00 8.79 5.38 3.87
Net Cash From Continuing Financing Activities		 12 0.00 8.79 5.38 3.87
Repayment of Debt		 -0.58 0.00 -398 -443 -479
Issuance of Debt		 0.39 - 406 442 482
Other Financing Activities, net		 - - 0.00 6.67 0.00
Cash Interest Paid		 - - 9.15 6.93 4.78

Quarterly Cash Flow Statements for Atlantic International

This table details how cash moves in and out of Atlantic International's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 9/30/2025 12/31/2025 3/31/2026
Net Change in Cash & Equivalents		 0.60 0.16 -0.38 -0.53 0.96 -0.72 0.79 -0.29 -0.00 24
Net Cash From Operating Activities		 -6.54 -12 11 -15 -1.34 -0.43 15 -1.26 -8.18 -9.89
Net Cash From Continuing Operating Activities		 -6.54 -12 11 -15 -1.34 -0.43 15 -1.26 -8.18 -9.89
Net Income / (Loss) Continuing Operations		 -3.92 -5.39 -4.87 -55 -7.05 -69 -11 -11 -27 -31
Consolidated Net Income / (Loss)		 -3.92 -5.39 -4.87 -55 -7.05 -69 -11 -11 -27 -31
Depreciation Expense		 1.26 1.25 1.26 1.25 1.25 1.24 1.24 1.23 1.23 4.33
Amortization Expense		 0.22 0.25 0.70 0.38 0.72 0.05 0.05 0.42 0.49 0.93
Non-Cash Adjustments To Reconcile Net Income		 1.67 7.31 0.83 58 -1.68 43 6.82 4.68 26 18
Changes in Operating Assets and Liabilities, net		 -5.77 -15 13 -20 5.42 24 17 3.23 -8.62 -2.14
Net Cash From Investing Activities		 -0.02 0.00 -0.01 -0.02 -0.02 -0.02 -0.01 -0.01 -0.02 -0.04
Net Cash From Continuing Investing Activities		 -0.02 0.00 -0.01 -0.02 -0.02 -0.02 -0.01 -0.01 -0.02 -0.04
Purchase of Property, Plant & Equipment		 -0.02 0.00 -0.01 -0.02 -0.02 -0.02 -0.01 -0.01 -0.02 -0.04
Net Cash From Financing Activities		 7.16 12 -12 15 2.31 -0.27 -14 0.98 8.20 35
Net Cash From Continuing Financing Activities		 7.16 12 -12 15 2.31 -0.27 -14 0.98 8.20 35
Repayment of Debt		 -93 -109 -114 -98 -106 -122 -121 -106 -119 -113
Issuance of Debt		 100 121 103 106 108 122 108 107 127 109
Issuance of Preferred Equity		 - - - - - - 0.00 - - 5.54
Other Financing Activities, net		 - - - - - - 0.00 - - 34
Cash Interest Paid		 3.88 0.13 2.31 1.74 1.39 1.49 2.31 1.20 1.27 3.51

Annual Balance Sheets for Atlantic International

This table presents Atlantic International's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2020 2021 2022 2023 2024 2025
Period end date 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Total Assets		 0.69 11 8.41 127 120 113
Total Current Assets		 0.34 10 6.64 79 85 81
Cash & Equivalents		 0.00 4.02 2.18 1.35 0.68 0.08
Accounts Receivable		 0.14 0.07 0.08 64 73 70
Prepaid Expenses		 0.00 0.19 0.17 3.68 1.70 3.12
Other Current Assets		 - - - 8.00 8.00 8.00
Plant, Property, & Equipment, net		 0.34 0.27 0.53 0.43 0.31 0.24
Total Noncurrent Assets		 0.01 0.05 1.25 47 34 32
Noncurrent Note & Lease Receivables		 - - - - - 0.00
Goodwill		 - - - - - 0.00
Intangible Assets		 - - - 36 31 27
Noncurrent Deferred & Refundable Income Taxes		 - - - 5.24 - 0.00
Other Noncurrent Operating Assets		 0.01 0.05 1.25 6.00 3.03 5.19
Total Liabilities & Shareholders' Equity		 0.69 11 8.41 127 120 113
Total Liabilities		 4.55 2.56 4.05 166 132 145
Total Current Liabilities		 1.01 2.56 1.23 162 94 115
Short-Term Debt		 0.03 1.38 0.00 139 44 54
Accounts Payable		 0.86 0.87 0.62 17 24 25
Accrued Expenses		 0.12 0.31 0.50 - 23 33
Other Current Liabilities		 - 0.00 0.11 5.82 3.40 1.46
Total Noncurrent Liabilities		 3.54 0.00 2.82 4.46 38 30
Long-Term Debt		 1.11 0.00 1.38 0.00 37 29
Capital Lease Obligations		 - 0.00 0.00 - - 0.00
Noncurrent Deferred & Payable Income Tax Liabilities		 - - - - - 0.00
Other Noncurrent Operating Liabilities		 2.43 - 1.44 4.46 0.81 1.54
Commitments & Contingencies		 - 0.00 0.00 0.00 0.00 0.00
Redeemable Noncontrolling Interest		 - - - - - 0.00
Total Equity & Noncontrolling Interests		 -3.85 8.18 4.37 -39 -12 -32
Total Preferred & Common Equity		 -3.85 8.18 4.37 -39 -12 -32
Total Common Equity		 -3.85 8.18 4.37 -39 -12 -32
Common Stock		 6.86 23 23 22 123 163
Retained Earnings		 -11 -14 -19 -62 -135 -195
Accumulated Other Comprehensive Income / (Loss)		 - 0.00 0.02 - - 0.00

Quarterly Balance Sheets for Atlantic International

This table presents Atlantic International's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric Q3 2023 Q1 2024 Q2 2024 Q3 2024 Q2 2025 Q3 2025 Q1 2026
Period end date 9/30/2023 3/31/2025 6/30/2024 9/30/2024 6/30/2025 9/30/2025 3/31/2026
Total Assets		 5.51 106 134 136 107 110 981
Total Current Assets		 3.73 73 73 74 68 72 328
Cash & Equivalents		 3.73 1.47 0.44 1.40 0.37 0.08 24
Accounts Receivable		 0.00 46 58 49 56 60 190
Prepaid Expenses		 0.00 7.33 5.85 5.34 3.61 3.76 3.65
Other Current Assets		 - 18 8.00 19 8.00 8.00 110
Plant, Property, & Equipment, net		 0.67 0.28 0.36 0.32 0.27 0.25 1.60
Total Noncurrent Assets		 1.11 34 61 61 38 38 652
Noncurrent Note & Lease Receivables		 - - - - - - 2.05
Goodwill		 - - - - - - 449
Intangible Assets		 - 30 34 33 29 28 192
Noncurrent Deferred & Refundable Income Taxes		 - - 24 25 - - 0.38
Other Noncurrent Operating Assets		 1.11 3.31 3.57 3.22 9.38 11 8.52
Total Liabilities & Shareholders' Equity		 5.51 106 134 136 107 110 981
Total Liabilities		 3.75 121 111 119 125 132 926
Total Current Liabilities		 1.01 117 68 82 52 58 836
Short-Term Debt		 - 65 37 44 3.33 3.33 469
Accounts Payable		 0.41 50 27 33 47 25 317
Accrued Expenses		 0.36 - - - - 29 40
Other Current Liabilities		 0.25 2.69 4.32 4.26 1.28 1.15 11
Total Noncurrent Liabilities		 2.74 3.07 43 38 73 74 90
Long-Term Debt		 1.38 1.95 42 37 72 73 45
Noncurrent Deferred & Payable Income Tax Liabilities		 - - - - - - 32
Other Noncurrent Operating Liabilities		 1.30 1.12 1.22 0.93 1.23 1.07 13
Commitments & Contingencies		 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Redeemable Noncontrolling Interest		 - - - - - - 12
Total Equity & Noncontrolling Interests		 1.75 -14 23 16 -18 -22 42
Total Preferred & Common Equity		 1.75 -14 23 16 -18 -22 42
Total Common Equity		 1.75 -14 23 16 -18 -22 42
Common Stock		 25 132 83 83 138 146 269
Retained Earnings		 -23 -146 -60 -67 -157 -168 -226
Accumulated Other Comprehensive Income / (Loss)		 0.00 - - - - - -1.22

Annual Metrics And Ratios for Atlantic International

This table displays calculated financial ratios and metrics derived from Atlantic International's official financial filings.

Metric 2021 2022 2023 2024 2025
Period end date 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
DEI Shares Outstanding		 11,886,379.00 11,886,379.00 380,648.00 - 58,525,488.00
DEI Adjusted Shares Outstanding		 297,159.00 297,159.00 380,648.00 - 58,525,488.00
DEI Earnings Per Adjusted Shares Outstanding		 -12.86 -13.78 -40.07 - -1.02
Growth Metrics		 - - - - -
Revenue Growth		 0.00% 63.80% 510,171.81% 10.27% -1.52%
EBITDA Growth		 0.00% -60.50% 157.06% -5,024.59% 60.38%
EBIT Growth		 0.00% -58.51% 14.76% -3,286.40% 57.02%
NOPAT Growth		 0.00% -56.84% 13.65% -532.61% -130.06%
Net Income Growth		 0.00% -10.56% -272.47% -788.28% 56.13%
EPS Growth		 0.00% 0.00% 0.00% -513.33% 70.65%
Operating Cash Flow Growth		 0.00% -84.06% -147.98% 34.10% 26.54%
Free Cash Flow Firm Growth		 0.00% 0.00% -3,623.89% 114.85% -231.62%
Invested Capital Growth		 0.00% -21.36% 20,787.37% -30.86% -22.68%
Revenue Q/Q Growth		 0.00% 182.08% 114.41% 1,650.11% 0.00%
EBITDA Q/Q Growth		 0.00% 2.03% 434.01% -509.72% 0.00%
EBIT Q/Q Growth		 0.00% 1.82% 23.14% -536.01% 0.00%
NOPAT Q/Q Growth		 0.00% 3.07% 23.14% -18.81% 0.00%
Net Income Q/Q Growth		 0.00% 3.79% -45.38% -127.97% 0.00%
EPS Q/Q Growth		 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Cash Flow Q/Q Growth		 0.00% 5.62% -583.81% 54.62% -231.01%
Free Cash Flow Firm Q/Q Growth		 0.00% 0.00% -3,677.44% 113.77% 0.00%
Invested Capital Q/Q Growth		 0.00% -633.04% 18,553.83% -29.01% 0.00%
Profitability Metrics		 - - - - -
Gross Margin		 317.16% 99.12% 11.68% 10.66% 10.55%
EBITDA Margin		 -5,139.32% -5,035.69% 0.56% -25.15% -9.96%
Operating Margin		 -5,307.32% -5,081.62% -0.86% -4.93% -11.52%
EBIT Margin		 -5,319.33% -5,147.49% -0.86% -26.41% -11.52%
Profit (Net Income) Margin		 -7,712.37% -5,205.80% -3.80% -30.61% -13.63%
Tax Burden Percent		 96.89% 100.00% 72.01% 104.13% 100.06%
Interest Burden Percent		 149.64% 101.13% 613.65% 111.31% 118.24%
Effective Tax Rate		 0.00% 0.00% 0.00% 0.00% 0.00%
Return on Invested Capital (ROIC)		 0.00% 0.00% -4.94% -18.41% -58.42%
ROIC Less NNEP Spread (ROIC-NNEP)		 0.00% 0.00% -24.29% -128.95% -87.92%
Return on Net Nonoperating Assets (RNNOA)		 0.00% 0.00% 92.13% 545.86% 327.90%
Return on Equity (ROE)		 -171.14% -65.26% 87.19% 527.46% 269.49%
Cash Return on Invested Capital (CROIC)		 0.00% 0.00% -102.94% 18.08% -32.83%
Operating Return on Assets (OROA)		 -44.68% -42.28% -5.11% -93.72% -43.12%
Return on Assets (ROA)		 -64.78% -42.76% -22.58% -108.64% -51.02%
Return on Common Equity (ROCE)		 -171.13% -65.26% 87.19% 527.46% 269.49%
Return on Equity Simple (ROE_SIMPLE)		 -45.26% -93.77% 38.76% 1,127.43% 0.00%
Net Operating Profit after Tax (NOPAT)		 -1.78 -2.80 -2.42 -15 -35
NOPAT Margin		 -3,715.12% -3,557.13% -0.60% -3.45% -8.07%
Net Nonoperating Expense Percent (NNEP)		 -22.39% -19.33% 19.35% 110.55% 29.51%
Return On Investment Capital (ROIC_SIMPLE)		 - - -2.43% -22.29% -69.46%
Cost of Revenue to Revenue		 120.13% 0.88% 88.32% 89.34% 89.45%
SG&A Expenses to Revenue		 4,520.64% 3,186.99% 11.32% 14.46% 20.94%
R&D to Revenue		 1,103.84% 1,993.75% 0.00% 0.00% 0.00%
Operating Expenses to Revenue		 5,624.48% 5,180.74% 12.54% 15.59% 22.07%
Earnings before Interest and Taxes (EBIT)		 -2.55 -4.05 -3.45 -117 -50
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 -2.47 -3.96 2.26 -111 -43
Valuation Ratios		 - - - - -
Price to Book Value (P/BV)		 1.20 2.25 0.00 0.00 0.00
Price to Tangible Book Value (P/TBV)		 1.20 2.25 0.00 0.00 0.00
Price to Revenue (P/Rev)		 204.95 125.12 0.26 0.41 0.17
Price to Earnings (P/E)		 0.00 0.00 0.00 0.00 0.00
Dividend Yield		 0.00% 0.00% 0.00% 0.00% 0.00%
Earnings Yield		 0.00% 0.00% 0.00% 0.00% 0.00%
Enterprise Value to Invested Capital (EV/IC)		 0.00 0.00 2.47 3.82 2.96
Enterprise Value to Revenue (EV/Rev)		 26.42 63.57 0.60 0.59 0.36
Enterprise Value to EBITDA (EV/EBITDA)		 0.00 0.00 107.32 0.00 0.00
Enterprise Value to EBIT (EV/EBIT)		 0.00 0.00 0.00 0.00 0.00
Enterprise Value to NOPAT (EV/NOPAT)		 0.00 0.00 0.00 0.00 0.00
Enterprise Value to Operating Cash Flow (EV/OCF)		 0.00 0.00 0.00 0.00 0.00
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 0.00 0.00 17.28 0.00
Leverage & Solvency		 - - - - -
Debt to Equity		 0.17 0.31 -3.53 -6.71 -2.58
Long-Term Debt to Equity		 0.00 0.31 0.00 -3.05 -0.90
Financial Leverage		 -1.05 -1.07 -3.79 -4.23 -3.73
Leverage Ratio		 2.64 1.53 -3.86 -4.86 -5.28
Compound Leverage Factor		 3.95 1.54 -23.69 -5.40 -6.25
Debt to Total Capital		 14.39% 23.95% 139.53% 117.52% 163.39%
Short-Term Debt to Total Capital		 14.39% 0.00% 139.53% 64.00% 106.45%
Long-Term Debt to Total Capital		 0.00% 23.95% 0.00% 53.53% 56.94%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00%
Common Equity to Total Capital		 85.61% 76.05% -39.53% -17.52% -63.39%
Debt to EBITDA		 -0.56 -0.35 61.46 -0.72 -1.90
Net Debt to EBITDA		 3.47 1.22 60.86 -0.72 -1.90
Long-Term Debt to EBITDA		 0.00 -0.35 0.00 -0.33 -0.66
Debt to NOPAT		 -0.77 -0.49 -57.49 -5.27 -2.35
Net Debt to NOPAT		 4.81 1.73 -56.93 -5.23 -2.35
Long-Term Debt to NOPAT		 0.00 -0.49 0.00 -2.40 -0.82
Altman Z-Score		 0.53 -2.43 1.99 -0.37 -0.08
Noncontrolling Interest Sharing Ratio		 0.00% 0.00% 0.00% 0.00% 0.00%
Liquidity Ratios		 - - - - -
Current Ratio		 4.08 5.40 0.49 0.91 0.71
Quick Ratio		 3.92 5.13 0.41 0.76 0.61
Cash Flow Metrics		 - - - - -
Free Cash Flow to Firm (FCFF)		 0.00 -2.71 -101 15 -20
Operating Cash Flow to CapEx		 -13,751.74% -9,151.84% -12,321.90% -8,147.78% -6,584.75%
Free Cash Flow to Firm to Interest Expense		 0.00 -29.91 -5.70 1.14 -2.16
Operating Cash Flow to Interest Expense		 -1.74 -40.36 -0.51 -0.45 -0.48
Operating Cash Flow Less CapEx to Interest Expense		 -1.75 -40.80 -0.52 -0.46 -0.49
Efficiency Ratios		 - - - - -
Asset Turnover		 0.01 0.01 5.94 3.55 3.74
Accounts Receivable Turnover		 0.47 1.07 12.43 6.42 6.08
Inventory Turnover		 0.27 0.00 0.00 0.00 0.00
Fixed Asset Turnover		 0.16 0.20 833.76 1,195.73 1,594.21
Accounts Payable Turnover		 0.07 0.00 40.59 11.48 16.11
Days Sales Outstanding (DSO)		 779.88 340.81 29.36 56.87 60.06
Days Inventory Outstanding (DIO)		 1,351.32 103,154.03 0.00 0.00 0.00
Days Payable Outstanding (DPO)		 5,482.92 395,099.28 8.99 31.80 22.65
Cash Conversion Cycle (CCC)		 -3,351.72 -291,604.44 20.36 25.07 37.40
Capital & Investment Metrics		 - - - - -
Invested Capital		 -0.39 -0.47 98 68 52
Invested Capital Turnover		 -0.12 -0.18 8.21 5.33 7.24
Increase / (Decrease) in Invested Capital		 0.00 -0.08 99 -30 -15
Enterprise Value (EV)		 1.27 5.00 243 259 156
Market Capitalization		 9.84 9.84 105 180 73
Book Value per Share		 $0.69 $0.37 ($103.39) ($0.24) ($0.55)
Tangible Book Value per Share		 $0.69 $0.37 ($198.46) ($0.87) ($1.00)
Total Capital		 9.56 5.74 100 69 51
Total Debt		 1.38 1.38 139 81 83
Total Long-Term Debt		 0.00 1.38 0.00 37 29
Net Debt		 -8.57 -4.84 138 80 83
Capital Expenditures (CapEx)		 0.01 0.04 0.07 0.07 0.07
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 -0.71 -0.81 55 34 20
Debt-free Net Working Capital (DFNWC)		 9.24 5.41 56 35 20
Net Working Capital (NWC)		 7.87 5.41 -83 -9.23 -34
Net Nonoperating Expense (NNE)		 1.92 1.30 13 120 24
Net Nonoperating Obligations (NNO)		 -8.57 -4.84 138 80 85
Total Depreciation and Amortization (D&A)		 0.09 0.09 5.71 5.59 6.80
Debt-free, Cash-free Net Working Capital to Revenue		 -1,472.02% -1,028.60% 13.65% 7.68% 4.60%
Debt-free Net Working Capital to Revenue		 19,244.94% 6,874.55% 13.99% 7.83% 4.62%
Net Working Capital to Revenue		 16,381.61% 6,874.55% -20.62% -2.09% -7.74%
Earnings Adjustments		 - - - - -
Adjusted Basic Earnings per Share		 $0.00 ($0.34) ($15.03) ($3.68) ($1.08)
Adjusted Weighted Average Basic Shares Outstanding		 0.00 11.89M 374.48K 36.78M 54.85M
Adjusted Diluted Earnings per Share		 $0.00 $0.00 $0.00 ($3.68) ($1.08)
Adjusted Weighted Average Diluted Shares Outstanding		 0.00 13.89M 0.00 36.78M 54.85M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 0.00 13.89M 0.00 62.42M 0.00
Normalized Net Operating Profit after Tax (NOPAT)		 -1.78 -2.80 -2.42 -15 -35
Normalized NOPAT Margin		 -3,715.12% -3,557.13% -0.60% -3.45% -8.07%
Pre Tax Income Margin		 -7,959.96% -5,205.80% -5.28% -29.39% -13.63%
Debt Service Ratios		 - - - - -
EBIT to Interest Expense		 -2.24 -44.62 -0.19 -8.84 -5.48
NOPAT to Interest Expense		 -1.56 -30.83 -0.14 -1.16 -3.84
EBIT Less CapEx to Interest Expense		 -2.25 -45.06 -0.20 -8.85 -5.49
NOPAT Less CapEx to Interest Expense		 -1.57 -31.27 -0.14 -1.16 -3.84
Payout Ratios		 - - - - -
Dividend Payout Ratio		 0.00% 0.00% 0.00% 0.00% 0.00%
Augmented Payout Ratio		 -43.94% 0.00% 0.00% 0.00% 0.00%

Quarterly Metrics And Ratios for Atlantic International

This table displays calculated financial ratios and metrics derived from Atlantic International's official financial filings.

Metric Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q1 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 3/31/2026
DEI Shares Outstanding		 13,886,379.00 380,648.00 62,415,686.00 380,648.00 380,648.00 - 62,415,686.00 58,375,488.00 58,375,488.00 58,525,488.00
DEI Adjusted Shares Outstanding		 347,159.00 380,648.00 62,415,686.00 380,648.00 380,648.00 - 62,415,686.00 58,375,488.00 58,375,488.00 58,525,488.00
DEI Earnings Per Adjusted Shares Outstanding		 -11.29 -15.74 -0.17 -144.26 -18.52 - -0.17 -0.18 -0.19 -0.53
Growth Metrics		 - - - - - - - - - -
Revenue Growth		 0.00% 451,070.85% 0.00% 17.09% 10.25% 7.44% 0.00% -1.66% 2.16% 143.06%
EBITDA Growth		 223.58% 206.59% 134.94% -3,759.83% -537.74% -459.30% -1,452.57% 88.59% -46.14% -171.62%
EBIT Growth		 58.55% 83.42% 35.42% -9,372.18% -1,685.55% -2,778.30% -732.42% 87.02% -28.25% -190.39%
NOPAT Growth		 58.55% 83.42% 35.42% -651.25% -1,610.56% -2,778.30% -732.42% -4.48% -33.87% -57.72%
Net Income Growth		 -323.45% -385.16% -183.23% -1,418.54% -79.79% -1,107.73% 0.00% 80.48% -53.49% -185.63%
EPS Growth		 0.00% 0.00% 0.00% 0.00% -6.67% -720.83% 0.00% 89.80% -25.00% -120.00%
Operating Cash Flow Growth		 -627.43% -1,463.28% 1,398.42% -250.13% 79.50% 96.36% 29.68% 0.00% 6.43% -167.86%
Free Cash Flow Firm Growth		 108.30% -12,434.64% -11,979.35% -10,316.81% -50,242.74% 126.45% 184.22% 135.82% 135.04% -1,338.47%
Invested Capital Growth		 -721.77% 20,787.37% 5,370.74% 24,264.06% 18,073.26% -30.86% 0.00% -44.05% -43.29% 0.00%
Revenue Q/Q Growth		 9.42% 119.08% -53.03% 3.99% 3.03% 113.51% -19.28% 0.00% 7.03% 0.00%
EBITDA Q/Q Growth		 -38.09% 17.37% -53.44% -10,916.97% 92.60% 16.00% -296.46% 0.00% 5.18% 0.00%
EBIT Q/Q Growth		 46.12% 45.75% -449.66% -5,794.98% 89.84% 12.54% -487.39% 0.00% -0.37% 0.00%
NOPAT Q/Q Growth		 65.60% 45.75% -449.66% -632.25% 21.66% 8.71% -487.39% 0.00% -0.37% 0.00%
Net Income Q/Q Growth		 -8.43% -52.94% 18.84% -1,028.28% 87.16% -927.33% 82.88% 0.00% -0.95% 0.00%
EPS Q/Q Growth		 0.00% -60.00% 20.83% -931.58% 91.84% -1,131.25% 88.30% 0.00% 0.00% 0.00%
Operating Cash Flow Q/Q Growth		 -163.58% -78.93% 224.42% -206.06% 91.32% 68.22% 3,517.33% 0.00% 0.00% -20.89%
Free Cash Flow Firm Q/Q Growth		 -80.87% -49,289.98% 46.22% -101.88% 6.10% 125.95% 39.82% 0.00% -8.15% 0.00%
Invested Capital Q/Q Growth		 -27.26% 18,553.83% -47.69% 96.70% -5.35% -29.01% -100.00% 0.00% -4.05% 0.00%
Profitability Metrics		 - - - - - - - - - -
Gross Margin		 11.87% 11.36% 10.40% 10.98% 11.03% 10.34% 10.88% 11.10% 11.26% 8.57%
EBITDA Margin		 1.13% 0.61% 0.60% -62.40% -4.48% -2.02% -7.94% -7.24% -6.42% -8.87%
Operating Margin		 -0.39% -0.10% -1.13% -7.94% -6.04% -2.58% -9.19% -8.44% -7.92% -5.96%
EBIT Margin		 -0.39% -0.10% -1.13% -63.96% -6.31% -2.58% -9.19% -8.44% -7.92% -10.98%
Profit (Net Income) Margin		 -4.01% -2.80% -4.84% -52.48% -6.54% -31.47% -10.45% -10.42% -9.83% -12.28%
Tax Burden Percent		 74.43% 66.23% 79.04% 76.12% 85.25% 149.01% 100.09% 100.09% 100.08% 99.76%
Interest Burden Percent		 1,383.84% 4,384.14% 542.41% 107.79% 121.66% 817.58% 113.60% 123.31% 124.02% 112.10%
Effective Tax Rate		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Return on Invested Capital (ROIC)		 0.00% -0.55% -15.73% -57.18% -47.08% -9.64% 0.00% 0.00% 0.00% -8.95%
ROIC Less NNEP Spread (ROIC-NNEP)		 0.00% -9.37% -29.26% -188.59% -53.54% -72.42% 0.00% 0.00% 0.00% -17.23%
Return on Net Nonoperating Assets (RNNOA)		 0.00% 35.56% 179.59% -543.98% -229.70% 306.55% 0.00% 0.00% 0.00% -153.98%
Return on Equity (ROE)		 -288.77% 35.00% 163.86% -601.16% -276.78% 296.91% 0.00% 0.00% 0.00% -162.93%
Cash Return on Invested Capital (CROIC)		 0.00% -102.94% -105.75% -107.37% -118.47% 18.08% 0.00% 0.00% 0.00% -214.34%
Operating Return on Assets (OROA)		 -9.81% -0.57% -9.85% -469.74% -47.30% -9.17% 0.00% 0.00% 0.00% -6.53%
Return on Assets (ROA)		 -101.03% -16.64% -42.25% -385.44% -49.06% -111.67% 0.00% 0.00% 0.00% -7.30%
Return on Common Equity (ROCE)		 -288.77% 35.00% 163.86% -601.16% -276.78% 296.91% 0.00% 0.00% 0.00% -126.27%
Return on Equity Simple (ROE_SIMPLE)		 -598.57% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Net Operating Profit after Tax (NOPAT)		 -0.27 -0.14 -0.79 -5.82 -4.56 -4.16 -6.61 -6.08 -6.10 -10
NOPAT Margin		 -0.27% -0.07% -0.79% -5.56% -4.23% -1.81% -6.43% -5.91% -5.54% -4.18%
Net Nonoperating Expense Percent (NNEP)		 -92.95% 8.82% 13.53% 131.41% 6.46% 62.78% 0.00% 6.06% 6.06% 8.28%
Return On Investment Capital (ROIC_SIMPLE)		 - -0.15% -1.50% -5.73% -4.70% -6.07% - -10.68% -11.23% -1.88%
Cost of Revenue to Revenue		 88.13% 88.64% 89.60% 89.02% 88.97% 89.66% 89.12% 88.90% 88.74% 91.43%
SG&A Expenses to Revenue		 10.61% 10.69% 10.28% 17.73% 15.91% 11.98% 18.87% 18.34% 18.06% 12.80%
R&D to Revenue		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Expenses to Revenue		 12.26% 11.27% 11.53% 18.92% 17.07% -5.76% 20.07% 19.54% 19.18% 14.54%
Earnings before Interest and Taxes (EBIT)		 -0.38 -0.21 -1.14 -67 -6.80 -5.94 -9.45 -8.68 -8.72 -27
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 1.10 1.30 0.60 -65 -4.83 -4.66 -8.16 -7.45 -7.07 -22
Valuation Ratios		 - - - - - - - - - -
Price to Book Value (P/BV)		 5.62 0.00 0.00 7.33 15.15 0.00 0.00 0.00 0.00 5.29
Price to Tangible Book Value (P/TBV)		 5.62 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Price to Revenue (P/Rev)		 0.05 0.26 0.15 0.33 0.46 0.41 0.49 0.00 0.00 0.38
Price to Earnings (P/E)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Dividend Yield		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Earnings Yield		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Enterprise Value to Invested Capital (EV/IC)		 0.00 2.47 2.75 2.44 3.40 3.82 0.00 3.29 4.51 1.33
Enterprise Value to Revenue (EV/Rev)		 0.04 0.60 0.28 0.48 0.61 0.59 0.00 0.00 0.00 1.24
Enterprise Value to EBITDA (EV/EBITDA)		 0.00 107.32 41.13 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to EBIT (EV/EBIT)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to NOPAT (EV/NOPAT)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to Operating Cash Flow (EV/OCF)		 4.03 0.00 43.19 0.00 0.00 0.00 0.00 56.81 72.84 0.00
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 0.00 0.00 0.00 0.00 17.28 0.00 0.00 0.00 0.00
Leverage & Solvency		 - - - - - - - - - -
Debt to Equity		 0.82 -3.53 -4.76 3.41 4.98 -6.71 0.00 -4.08 -3.46 9.37
Long-Term Debt to Equity		 0.82 0.00 -0.14 1.81 2.26 -3.05 0.00 -3.90 -3.31 0.82
Financial Leverage		 -1.08 -3.79 -6.14 2.88 4.29 -4.23 0.00 33.83 -26.66 8.93
Leverage Ratio		 2.04 -3.86 -11.72 5.44 7.85 -4.86 0.00 53.26 -42.10 17.92
Compound Leverage Factor		 28.30 -169.27 -63.56 5.86 9.55 -39.70 0.00 65.67 -52.21 20.09
Debt to Total Capital		 45.14% 139.53% 126.57% 77.35% 83.28% 117.52% 0.00% 132.45% 140.62% 90.36%
Short-Term Debt to Total Capital		 0.00% 139.53% 122.87% 36.41% 45.50% 64.00% 0.00% 5.84% 6.12% 82.50%
Long-Term Debt to Total Capital		 45.14% 0.00% 3.69% 40.93% 37.78% 53.53% 0.00% 126.61% 134.50% 7.86%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 2.17%
Common Equity to Total Capital		 54.86% -39.53% -26.57% 22.65% 16.72% -17.52% 0.00% -32.45% -40.62% 7.47%
Debt to EBITDA		 -2.13 61.46 19.45 -22.66 -4.64 -0.72 0.00 0.00 0.00 -8.93
Net Debt to EBITDA		 3.38 60.86 19.02 -22.53 -4.56 -0.72 0.00 0.00 0.00 -8.51
Long-Term Debt to EBITDA		 -2.13 0.00 0.57 -11.99 -2.10 -0.33 0.00 0.00 0.00 -0.78
Debt to NOPAT		 -0.46 -57.49 -33.77 -11.17 -4.72 -5.27 0.00 0.00 0.00 -13.16
Net Debt to NOPAT		 0.73 -56.93 -33.03 -11.11 -4.63 -5.23 0.00 0.00 0.00 -12.55
Long-Term Debt to NOPAT		 -0.46 0.00 -0.98 -5.91 -2.14 -2.40 0.00 0.00 0.00 -1.15
Altman Z-Score		 30.10 2.08 2.63 2.53 4.22 2.61 0.00 0.00 0.00 -0.30
Noncontrolling Interest Sharing Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 22.50%
Liquidity Ratios		 - - - - - - - - - -
Current Ratio		 3.68 0.49 0.62 1.06 0.91 0.91 0.00 1.31 1.23 0.39
Quick Ratio		 3.68 0.41 0.41 0.86 0.61 0.76 0.00 1.09 1.03 0.26
Cash Flow Metrics		 - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 0.20 -99 -53 -107 -101 26 45 38 35 -554
Operating Cash Flow to CapEx		 -31,503.02% 0.00% 120,611.72% -74,708.89% -8,903.84% -1,846.81% 120,611.72% 0.00% -8,703.22% -24,364.90%
Free Cash Flow to Firm to Interest Expense		 0.04 -7.70 -10.58 -20.58 -68.40 2.49 34.83 18.99 16.85 -166.86
Operating Cash Flow to Interest Expense		 -1.34 -0.91 2.90 -2.96 -0.91 -0.04 11.34 0.00 -0.60 -2.98
Operating Cash Flow Less CapEx to Interest Expense		 -1.34 -0.91 2.90 -2.97 -0.92 -0.04 11.33 0.00 -0.61 -2.99
Efficiency Ratios		 - - - - - - - - - -
Asset Turnover		 25.20 5.94 8.73 7.34 7.50 3.55 0.00 0.00 0.00 0.59
Accounts Receivable Turnover		 4,059.05 12.43 21.77 17.72 21.69 6.42 0.00 0.00 0.00 3.07
Inventory Turnover		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Fixed Asset Turnover		 307.98 833.76 1,190.42 972.24 1,069.01 1,195.73 0.00 0.00 0.00 363.32
Accounts Payable Turnover		 332.78 40.59 17.54 33.36 27.83 11.48 0.00 0.00 0.00 1.66
Days Sales Outstanding (DSO)		 0.09 29.36 16.76 20.60 16.83 56.87 0.00 0.00 0.00 118.83
Days Inventory Outstanding (DIO)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Days Payable Outstanding (DPO)		 1.10 8.99 20.81 10.94 13.12 31.80 0.00 0.00 0.00 219.66
Cash Conversion Cycle (CCC)		 -1.01 20.36 -4.05 9.66 3.71 25.07 0.00 0.00 0.00 -100.84
Capital & Investment Metrics		 - - - - - - - - - -
Invested Capital		 -0.53 98 51 101 96 68 0.00 57 54 544
Invested Capital Turnover		 -627.28 8.21 19.92 10.28 11.13 5.33 0.00 0.00 0.00 2.14
Increase / (Decrease) in Invested Capital		 -0.47 99 52 101 96 -30 -51 -45 -41 544
Enterprise Value (EV)		 7.56 243 141 247 325 259 0.00 186 244 726
Market Capitalization		 9.84 105 76 168 246 180 218 111 168 224
Book Value per Share		 $0.13 ($103.39) ($36.87) $0.82 $0.36 ($0.24) $0.00 ($0.32) ($0.38) $0.72
Tangible Book Value per Share		 $0.13 ($198.46) ($116.20) ($0.38) ($0.37) ($0.87) $0.00 ($0.81) ($0.85) ($10.22)
Total Capital		 3.20 100 53 101 97 69 0.00 57 54 568
Total Debt		 1.44 139 67 78 81 81 0.00 75 76 513
Total Long-Term Debt		 1.44 0.00 1.95 42 37 37 0.00 72 73 45
Net Debt		 -2.28 138 65 78 79 80 0.00 75 76 489
Capital Expenditures (CapEx)		 0.02 -0.00 0.01 0.02 0.02 0.02 0.01 0.00 0.01 0.04
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 -1.01 55 19 41 35 34 0.00 19 17 -64
Debt-free Net Working Capital (DFNWC)		 2.72 56 20 41 37 35 0.00 19 17 -40
Net Working Capital (NWC)		 2.72 -83 -45 4.24 -7.34 -9.23 0.00 16 14 -508
Net Nonoperating Expense (NNE)		 3.65 5.85 4.07 49 2.49 68 4.13 4.64 4.72 20
Net Nonoperating Obligations (NNO)		 -2.28 138 65 78 79 80 0.00 75 76 489
Total Depreciation and Amortization (D&A)		 1.49 1.50 1.74 1.63 1.96 1.29 1.29 1.23 1.65 5.26
Debt-free, Cash-free Net Working Capital to Revenue		 -0.54% 13.65% 3.72% 7.88% 6.69% 7.68% 0.00% 0.00% 0.00% -10.96%
Debt-free Net Working Capital to Revenue		 1.45% 13.99% 4.02% 7.96% 6.95% 7.83% 0.00% 0.00% 0.00% -6.82%
Net Working Capital to Revenue		 1.45% -20.62% -8.92% 0.82% -1.39% -2.09% 0.00% 0.00% 0.00% -87.19%
Earnings Adjustments		 - - - - - - - - - -
Adjusted Basic Earnings per Share		 ($3.33) ($0.24) ($0.19) ($1.96) ($0.16) ($1.97) $0.00 ($0.20) ($0.20) ($0.44)
Adjusted Weighted Average Basic Shares Outstanding		 380.65K 25.42M 25.42M 28.08M 44.69M 36.78M 0.00 54.55M 55.12M 74.01M
Adjusted Diluted Earnings per Share		 $0.00 ($0.24) ($0.19) $0.00 ($0.16) ($1.97) $0.00 ($0.20) ($0.20) ($0.44)
Adjusted Weighted Average Diluted Shares Outstanding		 380.65K 25.42M 25.42M 48.73M 44.69M 36.78M 0.00 54.55M 55.12M 74.01M
Adjusted Basic & Diluted Earnings per Share		 $0.00 ($0.24) $0.00 $0.00 $0.00 ($1.97) $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 380.65K 0.00 380.65K 48.73M 50.15M 62.42M 0.00 58.38M 58.53M 81.29M
Normalized Net Operating Profit after Tax (NOPAT)		 -0.27 -0.14 -0.79 -5.82 -4.56 -4.16 -6.61 -6.08 -6.10 -10
Normalized NOPAT Margin		 -0.27% -0.07% -0.79% -5.56% -4.23% -1.81% -6.43% -5.91% -5.54% -4.18%
Pre Tax Income Margin		 -5.39% -4.23% -6.12% -68.94% -7.67% -21.12% -10.44% -10.41% -9.82% -12.31%
Debt Service Ratios		 - - - - - - - - - -
EBIT to Interest Expense		 -0.08 -0.02 -0.23 -12.84 -4.62 -0.57 -7.35 -4.29 -4.16 -8.26
NOPAT to Interest Expense		 -0.05 -0.01 -0.16 -1.12 -3.10 -0.40 -5.15 -3.00 -2.91 -3.14
EBIT Less CapEx to Interest Expense		 -0.08 -0.02 -0.23 -12.84 -4.63 -0.57 -7.36 0.00 -4.17 -8.27
NOPAT Less CapEx to Interest Expense		 -0.06 -0.01 -0.16 -1.12 -3.11 -0.40 -5.16 0.00 -2.92 -3.15
Payout Ratios		 - - - - - - - - - -
Dividend Payout Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Augmented Payout Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%

Financials Breakdown Chart

Key Financial Trends

Atlantic International Corp. (NASDAQ: ATLN) shows a business that is still growing revenue, but it remains deeply unprofitable and highly leveraged. Over the last several quarters, sales have held up relatively well, but margins remain thin, operating losses continue, and the balance sheet carries a large debt load. The biggest improvement recently has been cash generation from financing activity and a sharp jump in cash on hand, but that does not yet reflect a durable turn in underlying operations.

  • Q1 2026 revenue rose to $249.9 million, up from $110.1 million in Q3 2025 and roughly flat to slightly above the year-ago quarterly range, showing the top line is still expanding.
  • Gross profit improved to $21.4 million in Q1 2026, compared with $12.4 million in Q3 2025, indicating better revenue scale.
  • Cash and equivalents jumped to $24.1 million at March 31, 2026, from just $83,406 at the end of Q3 2025.
  • Total common equity turned positive at $42.4 million in Q1 2026, a major improvement from negative $22.1 million in Q3 2025.
  • Net cash from financing activities was $35.1 million in Q1 2026, helping offset operating losses and rebuilding liquidity.
  • The company’s gross margin in Q1 2026 was about 8.6% of revenue, which is still modest for a healthy business.
  • Q1 2026 operating cash flow was still negative at $(9.9) million, despite the stronger revenue base.
  • Shares outstanding have risen over time, with basic weighted average shares at 74.0 million in Q1 2026 versus 54.5 million in Q2 2025, which can dilute per-share results.
  • Atlantic International reported a $30.7 million net loss in Q1 2026, or $(0.44) per share.
  • Operating income was a loss of $14.9 million in Q1 2026, showing core operations are still not profitable.
  • Total liabilities were $926.3 million versus only $981.0 million in total assets, leaving a very small equity cushion.
  • Short-term debt alone was $468.5 million at quarter-end, far above cash on hand.
  • Accounts payable and accrued liabilities remain elevated, and total current liabilities reached $836.2 million, creating significant near-term obligations.
  • The company’s balance sheet still contains very large intangible and goodwill balances, including $448.7 million of goodwill and $191.8 million of intangibles, which can be sensitive if performance weakens.

Bottom line: ATLN’s recent quarter shows meaningful progress in liquidity and equity, but the business is still struggling to convert revenue into profit and is carrying a heavy debt burden. For retail investors, the key question is whether the company can sustain revenue growth while improving margins and reducing leverage before financing risk becomes a bigger issue.

07/18/26 06:11 PM ETAI Generated. May Contain Errors.

Atlantic International Financials - Frequently Asked Questions

According to the most recent income statement we have on file, Atlantic International's financial year ends in December. Their financial year 2025 ended on December 31, 2025.

Atlantic International's net income appears to be on an upward trend, with a most recent value of -$59.43 million in 2025, rising from -$3.70 million in 2021. The previous period was -$135.48 million in 2024. Find out what analysts predict for Atlantic International in the coming months.

Atlantic International's total operating income in 2025 was -$50.23 million, based on the following breakdown:
  • Total Gross Profit: $45.99 million
  • Total Operating Expenses: $96.22 million

Over the last 4 years, Atlantic International's total revenue changed from $48.02 thousand in 2021 to $435.88 million in 2025, a change of 907,583.6%.

Atlantic International's total liabilities were at $145.32 million at the end of 2025, a 10.3% increase from 2024, and a 3,095.1% increase since 2020.

In the past 5 years, Atlantic International's cash and equivalents has ranged from $0.00 in 2020 to $4.02 million in 2021, and is currently $81.13 thousand as of their latest financial filing in 2025.

Over the last 4 years, Atlantic International's book value per share changed from 0.69 in 2021 to -0.55 in 2025, a change of -179.6%.


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Financial statements for NASDAQ:CIRC last updated on 7/16/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.
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