| Metric | Value ($ M) | Q1 FY25 |
|---|---|---|
| Revenue | 249.89 | 143.1% |
| Total Income | 249.89 | 143.1% |
| Expenditure | 264.79 | 135.9% |
| PBT | -30.76 | 186.7% |
| Net Profit | -30.75 | 186.3% |
| OPM | -5.96% | 3.23pp |
| NPM | -12.30% | 1.85pp |
| EPS | -0.44 | 120.0% |
Atlantic International Reports Record Q1 2026 Revenue of $249.9 Million
25 Jun 2026 · 25 Jun, 5:51 pm
Summary
Atlantic International Corp. reported record first quarter 2026 revenue of $249.9 million, a significant 143% increase year-over-year, driven by the acquisition of Circle8 Group. Gross profit also saw a substantial rise of 92% to $21.4 million. The combined operations now surpass $1.1 billion in annualized revenue, establishing the company as a transatlantic workforce solutions platform. Management highlighted the strategic importance of the Circle8 acquisition in expanding scale and geographic reach, with a focus on integration and operational execution to capture growth opportunities.
Key Highlights
- 1
Atlantic International reported record first quarter 2026 revenue of approximately $249.9 million, a 143% increase compared to $102.8 million in the prior year period.
- 2
Gross profit increased 92% to approximately $21.4 million for the first quarter of 2026, up from $11.2 million in the prior year period.
- 3
The Company's combined operations now exceed $1.1 billion in annualized revenue, serving clients across North America and Europe.
- 4
Seven Stars B.V., part of the Circle8 Group platform, secured a four-year framework agreement with the Dutch Vehicle Authority for specialized ICT professionals, representing a minimum contract value of approximately $52 million.
- 5
Circle8 Group has announced public sector contract wins with an aggregate estimated value exceeding $430 million in recent weeks, including a $380 million award and the $52 million award.
Management Comments
Jeffrey Jagid
The first quarter marks a turning point for Atlantic. With the addition of Circle8, we have significantly expanded our scale, geographic reach and capabilities, creating a workforce solutions platform with more than $1 billion in annual revenue across North America and Europe. Our focus is on disciplined integration, operational execution and leveraging our expanded platform to capture growth opportunities while continuing to meet our public company reporting obligations, including the remaining reporting requirements related to the Circle8 acquisition. We believe the combination of Atlantic and Circle8 creates a unique platform with the scale, client relationships and market presence to pursue growth opportunities across North America and Europe. Following the recently announced $380 million public sector contract award, this additional four-year agreement with a minimum value of $52 million further demonstrates the strength of the Circle8 platform and our ability to consistently win significant assignments. Together, these awards reflect the quality of our professionals, the depth of our client relationships, and our ability to deliver mission-critical workforce solutions for large organizations across Europe. We are pleased to have completed the filing and resolved this matter with Nasdaq. The filing process required significant effort across multiple jurisdictions and reporting entities following the Company's transformational acquisition of Circle8 Group. With this milestone behind us, our focus remains on completing our remaining reporting initiatives, strengthening our capital markets position, and continuing to execute on our growth strategy. Regaining compliance is an important step for Atlantic and our shareholders. We remain focused on delivering value through operational execution, expanding our customer relationships, and capitalizing on the opportunities created by our growing North American and European platform.
Guus Franke
Combining Atlantic and Circle8 has created a differentiated platform with the scale, expertise and client relationships to support enterprise customers across both sides of the Atlantic. We believe the long-term value of the combination lies in the strength of the combined client base, the breadth of service offerings, and the opportunities created through the integration of Atlantic and Circle8. We continue to see strong demand across AI, cybersecurity, cloud, software engineering and digital transformation markets and believe the combined platform is well positioned to capitalize on these trends while expanding cross-border client relationships and delivering long-term value for shareholders. Winning major contracts repeatedly is a reflection of the strength of the platform, the quality of our people, and the trust clients place in our organization. This latest award further strengthens our position in the Dutch market and continues a strong series of commercial wins across the Circle8 Group platform.
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