Quarterly ResultJun 22, 2026, 08:30 AM
Atlantic International Q1 Revenue +143% to $249.9M, boosted by Circle8 acquisition
AI Summary
Atlantic International Corp. reported strong financial results for the first quarter ended March 31, 2026, significantly boosted by the acquisition of Circle8 Group. Revenue surged 143% to $249.9 million, and gross profit increased 92% to $21.4 million. The acquisition expanded the company's geographic reach and operating scale, establishing it as a transatlantic workforce solutions platform with combined annualized revenue exceeding $1.1 billion.
Key Highlights
- Circle8 Group acquisition completed on January 23, 2026, contributing to Q1 results.
- Revenue increased 143% to $249.9 million, up from $102.8 million year-over-year.
- Gross profit rose 92% to $21.4 million, compared to $11.2 million in prior year.
- Cash and cash equivalents stood at $24.1 million as of March 31, 2026.
- Combined operations now exceed $1.1 billion in annualized revenue.
Price Impact
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