ATLANTIC INTERNATIONAL CORP.

For the period ended Mar 31, 2026. Filed Jun 22, 2026.

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.

Mar 31, 2026 · Filed Jun 22, 2026

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

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Contents

Condensed Consolidated Balance Sheets

	March 31,2026	December 31,2025
(Unaudited)
Assets
Current assets
Cash and cash equivalents	$24,099,529	$81,134
Accounts receivable, net of allowance of $2,343,732 and $3,222,723	183,101,287	65,750,593
Contract assets	101,757,781	—
Unbilled accounts receivable	6,679,154	4,242,245
Due from related parties, current	628,809	—
Prepaid expenses and other current assets	3,648,394	3,123,447
Deposits, current	8,000,000	8,000,000
Total current assets	327,914,954	81,197,419
Non-current assets
Property and equipment, net	1,604,531	239,207
Operating leases right-of-use assets	4,202,891	2,933,582
Finance leases right-of-use assets, net	2,045,199	—
Goodwill	448,745,779	—
Intangible assets, net	191,833,745	26,602,223
Due from related parties	201,569	—
Deferred tax assets, net	381,266	—
Other assets	4,118,856	2,257,405
Total non-current assets	653,133,836	32,032,417
Total assets	$981,048,790	$113,229,836
Liabilities, mezzanine equity and stockholders’ equity
Current liabilities
Accounts payable	$152,591,253	$5,110,155
Accrued expenses and other current liabilities	164,405,786	19,647,785
PEO liability and accrued interest	39,908,098	32,894,331
Due to related parties	406,495	—
Current operating lease liabilities	2,008,853	1,459,704
Current finance lease liabilities	662,717	—
Line of credit, current portion	45,141,541	49,308,253
Notes payable, current portion	53,528,803	1,375,000
Notes payable, current portion – related parties	1,950,000	1,950,000
Convertible note payable – related parties	161,961,751	—
Factoring debt, current portion	205,933,405	3,205,506
Contingent consideration liability – related parties	7,698,574	—
Total current liabilities	836,197,276	114,950,734
Non-current liabilities
Notes payable, net of current portion	44,656,617	28,826,281
Warrant liabilities, non-current	6,216,515	—
Non-current operating lease liabilities	2,283,113	1,543,091
Non-current finance lease liabilities	1,433,904	—
Deferred tax liability	32,215,449	—
Other liabilities	3,304,307	—

Commitments and contingencies
Total non-current liabilities	90,109,905	30,369,372
Total liabilities	926,307,181	145,320,106
Mezzanine Equity
Series B convertible preferred stock, 5% cumulative dividends, 15,000 and 0 shares designated; and 5,600 and 0 shares issued and outstanding at March 31, 2026 and December 31, 2025, respectively, redemption amount of $7,300,387 and $0 as of March 31, 2026 and December 31, 2025, respectively	8,927,475	—
Redeemable noncontrolling interest	3,388,143	—
Stockholders’ equity/(deficit)
Common stock, $0.00001 par value; 300,000,000 shares authorized; 79,289,016 and 55,713,259 shares issued and outstanding as of March 31, 2026 and December 31, 2025, respectively	793	557
Additional paid-in capital	269,299,380	162,819,982
Accumulated deficit	(225,656,934)	(194,910,809)
Accumulated other comprehensive loss	(1,217,248)	—
Total stockholders’ equity/(deficit)	42,425,991	(32,090,270)
Total liabilities, mezzanine equity and stockholders’ equity	$981,048,790	$113,229,836

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