ATLANTIC INTERNATIONAL CORP.
Financial highlights
| Metric | FY 12/31/25 | FY 12/31/24 | FY 12/31/23 | FY 12/31/22 | FY 12/31/21 |
|---|---|---|---|---|---|
| Income Statement | |||||
| Revenue | $435.9M | $442.6M | $401.4M | $78,659 | $209,995 |
| Cost of revenue | $389.9M | $395.4M | $354.5M | $690 | $57,690 |
| Gross profit | $46.0M | $47.2M | $46.9M | $77,969 | $152,305 |
| Selling, general & administrative | $91.3M | $64.0M | $45.4M | — | — |
| Research and development | — | — | $2.3M | $1.6M | $530,076 |
| Operating expenses | — | — | $5.7M | $4.1M | $2.7M |
| Operating income | -$50.2M | -$21.8M | -$3.5M | -$4.0M | -$2.5M |
| Interest expense | $9.2M | $12.0M | $17.5M | $90,748 | $208,289 |
| Pretax income | -$59.4M | -$130.1M | -$21.2M | — | — |
| Income tax expense | $33,991 | $5.4M | -$5.9M | — | — |
| Net income | -$59.4M | -$135.5M | -$15.3M | -$4.1M | -$3.7M |
| Balance Sheet | |||||
| Cash and equivalents | $81,134 | $678,676 | $1.4M | $2.2M | $4.0M |
| Current assets | $81.2M | $85.0M | $78.8M | $6.6M | $10.4M |
| Total assets | $113.2M | $119.8M | $126.7M | $8.4M | $10.7M |
| Current liabilities | $115.0M | $94.2M | $161.6M | $1.2M | $2.6M |
| Total liabilities | $145.3M | $131.8M | $166.0M | $4.0M | $2.6M |
| Total debt | $85.0M | $80.8M | — | — | — |
| Stockholders' equity | -$32.1M | -$12.0M | -$39.4M | -$27.3M | $8.2M |
| Cash Flow Statement | |||||
| Cash from operations | -$4.4M | -$6.0M | -$9.1M | -$3.7M | -$2.0M |
| Depreciation and amortization | $4.9M | $5.0M | $5.0M | $87,937 | $86,444 |
| Stock-based compensation | $36.1M | $45.2M | $0 | $256,900 | $333,978 |
| Capital expenditure | $66,768 | $73,456 | $73,711 | $40,020 | $14,470 |
| Free cash flow | -$4.5M | -$6.1M | -$9.2M | -$3.7M | -$2.0M |
| Impairments | $0 | $0 | $0 | — | — |
Shares outstanding 58.5M
Annual filing data through FY ended December 31, 2025; float as of July 4, 2026.