Atlas Lithium Financials
This page shows Atlas Lithium (ATLX) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 14 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Financial Health Signals
Based on FY2025 annual data. Scores normalized against common benchmarks. How we calculate these scores
Atlas Lithium has an operating margin of -26074.8%, meaning the company retains $-26075 of operating profit per $100 of revenue. This below-average margin results in a low score of 0/100, suggesting thin profitability after operating expenses. This is down from -6574.2% the prior year.
Atlas Lithium's revenue declined 81.8% year-over-year, from $667K to $121K. This contraction results in a growth score of 0/100.
Atlas Lithium carries a low D/E ratio of 0.68, meaning only $0.68 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 88/100, indicating a strong balance sheet with room for future borrowing.
Atlas Lithium's current ratio of 2.56 indicates adequate short-term liquidity, earning a score of 48/100. The company can meet its near-term obligations, though with limited headroom.
While Atlas Lithium generated -$22.2M in operating cash flow, capex of $6.1M consumed most of it, leaving -$28.3M in free cash flow. This results in a low score of 0/100, reflecting heavy capital investment rather than weak cash generation.
Atlas Lithium generates a -54.1% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 0/100. This is up from -198.7% the prior year.
Atlas Lithium passes 2 of 9 financial strength tests. 2 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), neither operating efficiency signal passes.
For every $1 of reported earnings, Atlas Lithium generates $0.79 in operating cash flow (-$22.2M OCF vs -$28.1M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.
Atlas Lithium earns $-48.7 in operating income for every $1 of interest expense (-$31.7M vs $650K). This narrow margin raises concern about the company's ability to service its debt if operating income declines.
Key Financial Metrics
Earnings & Revenue
Atlas Lithium generated $121K in revenue in fiscal year 2025. This represents a decrease of 81.8% from the prior year.
Atlas Lithium's EBITDA was -$31.5M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 28.0% from the prior year.
Atlas Lithium reported -$28.1M in net income in fiscal year 2025. This represents an increase of 33.5% from the prior year.
Atlas Lithium earned $-1.54 per diluted share (EPS) in fiscal year 2025. This represents an increase of 47.1% from the prior year.
Cash & Balance Sheet
Atlas Lithium generated -$28.3M in free cash flow in fiscal year 2025, representing cash available after capex. This represents an increase of 31.5% from the prior year.
Atlas Lithium held $35.9M in cash against $0 in long-term debt as of fiscal year 2025.
Atlas Lithium had 27M shares outstanding in fiscal year 2025. This represents an increase of 68.4% from the prior year.
Margins & Returns
Atlas Lithium's gross margin was -49.0% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is down 88.8 percentage points from the prior year.
Atlas Lithium's operating margin was -26074.8% in fiscal year 2025, reflecting core business profitability. This is down 19500.7 percentage points from the prior year.
Atlas Lithium's net profit margin was -23157.6% in fiscal year 2025, showing the share of revenue converted to profit. This is down 16825.9 percentage points from the prior year.
Atlas Lithium's ROE was -54.1% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 144.6 percentage points from the prior year.
Capital Allocation
Atlas Lithium invested $6.1M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents a decrease of 72.9% from the prior year.
ATLX Income Statement
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 |
|---|---|---|---|---|---|---|---|---|
| Revenue | N/A | N/A | $43K+18.0% | $36K-71.6% | $128K-24.5% | $170K-7.2% | $183K-2.1% | $187K |
| Cost of Revenue | N/A | N/A | $50K-43.1% | $88K-18.3% | $108K+7.4% | $100K+9.0% | $92K-10.1% | $102K |
| Gross Profit | N/A | N/A | -$18K+70.9% | -$63K-404.5% | $21K-70.4% | $69K-23.7% | $91K+7.5% | $85K |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | N/A | $6.5M+44.1% | $4.5M-8.0% | $4.9M+31.0% | $3.8M-7.8% | $4.1M-10.9% | $4.6M+40.4% | $3.3M |
| Operating Income | N/A | -$8.0M-30.5% | -$6.1M+37.7% | -$9.8M+9.6% | -$10.9M-5.8% | -$10.3M-7.5% | -$9.5M+27.6% | -$13.2M |
| Interest Expense | N/A | $164K+1.1% | $162K+1.1% | $160K-44.0% | $286K+74.6% | $164K+1.1% | $162K-20.0% | $203K |
| Income Tax | N/A | N/A | N/A | N/A | N/A | $4K-30.9% | $6K | N/A |
| Net Income | N/A | -$7.0M-25.1% | -$5.6M+38.3% | -$9.0M+18.6% | -$11.1M-22.7% | -$9.0M+1.6% | -$9.2M+29.3% | -$13.0M |
| EPS (Diluted) | N/A | $-0.35-12.9% | $-0.31+43.6% | $-0.55 | N/A | $-0.60+10.4% | $-0.67+34.3% | $-1.02 |
ATLX Balance Sheet
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $87.7M+21.5% | $72.2M+14.0% | $63.3M+4.1% | $60.8M+5.1% | $57.9M-4.4% | $60.5M-4.3% | $63.2M+68.1% | $37.6M |
| Current Assets | $37.9M+60.8% | $23.5M+58.5% | $14.9M+1.2% | $14.7M-9.6% | $16.2M-29.0% | $22.9M-29.8% | $32.6M+84.0% | $17.7M |
| Cash & Equivalents | $35.9M+71.3% | $21.0M+51.3% | $13.9M-1.0% | $14.0M-9.9% | $15.5M-29.6% | $22.1M-31.6% | $32.3M+84.1% | $17.5M |
| Inventory | $505K-2.8% | $520K+16.8% | $445K+6.6% | $418K-15.2% | $493K-9.6% | $545K+261.9% | $151K+588.3% | $22K |
| Accounts Receivable | $29K | N/A | N/A | $49K+2.8% | $48K-68.4% | $151K | N/A | N/A |
| Goodwill | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Liabilities | $35.2M-3.9% | $36.6M-1.3% | $37.1M+1.5% | $36.5M+1.9% | $35.8M-2.3% | $36.7M+3.5% | $35.4M-3.3% | $36.6M |
| Current Liabilities | $14.8M+132.1% | $6.4M-7.3% | $6.9M+9.2% | $6.3M+10.7% | $5.7M-12.0% | $6.5M+17.3% | $5.5M-17.3% | $6.7M |
| Long-Term Debt | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Equity | $52.0M+51.5% | $34.3M+37.1% | $25.0M+5.8% | $23.6M+11.2% | $21.3M-8.7% | $23.3M-14.3% | $27.2M+4735.2% | $562K |
| Retained Earnings | -$171.6M-3.9% | -$165.1M-4.2% | -$158.5M-3.6% | -$153.0M-5.9% | -$144.4M-8.1% | -$133.6M-6.9% | -$125.0M-7.9% | -$115.8M |
ATLX Cash Flow Statement
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$6.8M+3.6% | -$7.1M-80.8% | -$3.9M+11.4% | -$4.4M+3.7% | -$4.6M-56.6% | -$2.9M+43.7% | -$5.2M+15.0% | -$6.1M |
| Capital Expenditures | $194K-83.4% | $1.2M-24.5% | $1.6M-51.2% | $3.2M-3.0% | $3.3M-36.9% | $5.2M-36.0% | $8.1M+38.6% | $5.9M |
| Free Cash Flow | -$7.0M+15.0% | -$8.2M-50.9% | -$5.5M+28.1% | -$7.6M+3.4% | -$7.8M+3.3% | -$8.1M+39.0% | -$13.3M-11.2% | -$12.0M |
| Investing Cash Flow | -$1.1M+32.6% | -$1.6M+23.2% | -$2.1M+50.7% | -$4.2M-11.3% | -$3.8M+44.2% | -$6.8M+36.7% | -$10.7M-77.1% | -$6.1M |
| Financing Cash Flow | $22.8M+44.8% | $15.8M+169.7% | $5.8M-17.4% | $7.1M+284.6% | $1.8M+1116.6% | $151K | N/A | N/A |
| Dividends Paid | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
ATLX Financial Ratios
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | N/A | N/A | -42.4%+129.7pp | -172.1%-188.1pp | 16.1%-24.9pp | 41.0%-8.8pp | 49.8%+4.5pp | 45.3% |
| Operating Margin | N/A | N/A | -14241.3%+12728.0pp | -26969.3%-18486.8pp | -8482.4%-2427.9pp | -6054.5%-832.0pp | -5222.5%+1837.6pp | -7060.2% |
| Net Margin | N/A | N/A | -12931.2%+11823.7pp | -24754.9%-16106.4pp | -8648.5%-3323.3pp | -5325.2%-307.7pp | -5017.5%+1925.7pp | -6943.2% |
| Return on Equity | N/A | -20.3%+1.9pp | -22.2%+15.9pp | -38.1%+14.0pp | -52.1%-13.3pp | -38.8%-5.0pp | -33.8%+2273.4pp | -2307.2% |
| Return on Assets | N/A | -9.6%-0.8pp | -8.8%+6.0pp | -14.8%+4.3pp | -19.1%-4.2pp | -14.9%-0.4pp | -14.5%+20.0pp | -34.5% |
| Current Ratio | 2.56-1.1 | 3.69+1.5 | 2.16-0.2 | 2.33-0.5 | 2.86-0.7 | 3.54-2.4 | 5.91+3.3 | 2.66 |
| Debt-to-Equity | 0.68-0.4 | 1.07-0.4 | 1.48-0.1 | 1.54-0.1 | 1.69+0.1 | 1.58+0.3 | 1.30-63.9 | 65.19 |
| FCF Margin | N/A | N/A | -12685.5%+8126.6pp | -20812.1%-14684.1pp | -6128.0%-1342.0pp | -4786.0%+2492.1pp | -7278.1%-872.8pp | -6405.3% |
Similar Companies
Frequently Asked Questions
What is Atlas Lithium's annual revenue?
Atlas Lithium (ATLX) reported $121K in total revenue for fiscal year 2025. This represents a -81.8% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Atlas Lithium's revenue growing?
Atlas Lithium (ATLX) revenue declined by 81.8% year-over-year, from $667K to $121K in fiscal year 2025.
Is Atlas Lithium profitable?
No, Atlas Lithium (ATLX) reported a net income of -$28.1M in fiscal year 2025, with a net profit margin of -23157.6%.
What is Atlas Lithium's EBITDA?
Atlas Lithium (ATLX) had EBITDA of -$31.5M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
What is Atlas Lithium's gross margin?
Atlas Lithium (ATLX) had a gross margin of -49.0% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.
What is Atlas Lithium's operating margin?
Atlas Lithium (ATLX) had an operating margin of -26074.8% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is Atlas Lithium's net profit margin?
Atlas Lithium (ATLX) had a net profit margin of -23157.6% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is Atlas Lithium's return on equity (ROE)?
Atlas Lithium (ATLX) has a return on equity of -54.1% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Atlas Lithium's free cash flow?
Atlas Lithium (ATLX) generated -$28.3M in free cash flow during fiscal year 2025. This represents a 31.5% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Atlas Lithium's operating cash flow?
Atlas Lithium (ATLX) generated -$22.2M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Atlas Lithium's total assets?
Atlas Lithium (ATLX) had $87.7M in total assets as of fiscal year 2025, including both current and long-term assets.
What are Atlas Lithium's capital expenditures?
Atlas Lithium (ATLX) invested $6.1M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
What is Atlas Lithium's current ratio?
Atlas Lithium (ATLX) had a current ratio of 2.56 as of fiscal year 2025, which is generally considered healthy.
What is Atlas Lithium's debt-to-equity ratio?
Atlas Lithium (ATLX) had a debt-to-equity ratio of 0.68 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Atlas Lithium's return on assets (ROA)?
Atlas Lithium (ATLX) had a return on assets of -32.0% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Atlas Lithium's cash runway?
Based on fiscal year 2025 data, Atlas Lithium (ATLX) had $35.9M in cash against an annual operating cash burn of $22.2M. This gives an estimated cash runway of approximately 19 months at the current burn rate. Cash runway measures how long a company can continue operating before running out of cash, assuming no additional funding.
What is Atlas Lithium's Piotroski F-Score?
Atlas Lithium (ATLX) has a Piotroski F-Score of 2 out of 9, indicating weak financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Atlas Lithium's earnings high quality?
Atlas Lithium (ATLX) has an earnings quality ratio of 0.79x, considered low quality (accrual-driven). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can Atlas Lithium cover its interest payments?
Atlas Lithium (ATLX) has an interest coverage ratio of -48.7x, meaning it can struggle to cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is Atlas Lithium?
Atlas Lithium (ATLX) scores 23 out of 100 on our Financial Profile, indicating weak overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.