ATLANTIC INTERNATIONAL CORP.
For the period ended Mar 31, 2026. Filed Jun 22, 2026.
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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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Condensed Consolidated Statements of Operations
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS
| Three Months EndedMarch 31, | ||
|---|---|---|
| 2026 | 2025 | |
| Service revenue, net | $249,886,893 | $102,808,807 |
| Cost of revenue | 228,460,840 | 91,622,685 |
| Gross profit | 21,426,053 | 11,186,122 |
| Selling, general and administrative | 31,997,753 | 19,399,479 |
| Depreciation and amortization | 4,332,094 | 1,236,389 |
| (Loss) income from operations | (14,903,794) | (9,449,746) |
| Gain on debt extinguishment | (233,022) | — |
| Interest expense | 3,554,670 | 1,284,822 |
| Other expenses, gains and losses | 12,536,863 | — |
| Net loss before provision for income taxes | (30,762,305) | (10,734,568) |
| Income tax benefit/(expense) | 73,181 | (9,617) |
| Net loss | $(30,689,124) | $(10,744,185) |
| Net income attributable to redeemable noncontrolling interest | (57,001) | — |
| Net loss attributable to Atlantic | (30,746,125) | (10,744,185) |
| Net loss per share attributable to common stockholders, basic and diluted | $(0.44) | $(0.20) |
| Weighted-average shares outstanding, basic and diluted | 74,007,596 | 53,975,575 |
| Comprehensive loss: | ||
| Net loss | $(30,689,124) | $(10,744,185) |
| Change in foreign currency translation, net of income taxes | (1,217,248) | — |
| Other comprehensive income attributable to redeemable noncontrolling interest | (66,978) | — |
| Total comprehensive loss | $(31,973,350) | $(10,744,185) |
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