ATLANTIC INTERNATIONAL CORP.

For the period ended Jun 30, 2025. Filed Aug 14, 2025.

About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Jun 30, 2025 · Filed Aug 14, 2025

CIRC$0.18-13.2%Stored close · as of Nov 10, 2026

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Contents

Condensed Consolidated Statements of Operations

ATLANTIC INTERNATIONAL CORP. AND SUBSIDIARIES

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

	Three Months EndedJune 30,		Six Months EndedJune 30,
	2025	2024	2025	2024
Service revenue, net	$102,896,993	$104,636,273	$205,705,800	$205,259,485
Cost of revenue	91,478,299	93,146,627	183,100,984	183,304,457
Gross profit	11,418,694	11,489,646	22,604,816	21,955,028
Selling, general and administrative	18,870,535	18,553,150	38,270,014	28,894,187
Depreciation and amortization	1,232,750	1,249,054	2,469,139	2,508,608
(Loss) income from operations	(8,684,591)	(8,312,558)	(18,134,337)	(9,447,767)
Loss on debt extinguishment	—	1,213,379	—	1,213,379
Advisory fees paid in the merger	—	43,000,000	—	43,000,000
Interest expense	2,023,960	4,000,024	3,308,782	9,022,254
Other expense	—	15,607,737	—	15,607,737
Net loss before provision for income taxes	(10,708,551)	(72,133,698)	(21,443,119)	(78,291,137)
Income tax (expense)/benefit	(9,618)	17,221,979	(19,235)	18,512,574
Net loss	$(10,718,169)	$(54,911,719)	$(21,462,354)	$(59,778,563)
Net loss per share, basic and diluted	$(0.20)	$(1.96)	$(0.40)	$(2.23)
Weighted-average shares outstanding, basic and diluted	54,553,905	28,081,013	54,266,337	26,752,371

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.