Atlas Lithium Corporation (ATLX) Financials
A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Oct 14, 2026; every other figure is from the SEC filings on this page. Not financial advice.
Newest figures come from the 10-Q for Q2 FY2026, filed Aug 14, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the ATLX SEC filings page.
Atlas Lithium Corporation (ATLX) reported $121K in revenue for fiscal year 2025, down 81.8% from the prior fiscal year. This page shows its 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).
Revenue contraction is exposing a business whose losses and investment still depend on outside financing.
The FY2025 cash-conversion pattern is more revealing than the loss alone: operating cash flow worsened while the free-cash-flow deficit narrowed, implying lower capital spending masked weaker day-to-day cash generation. With financing supplying$51.5M against negative operating cash flow, external capital, not the operating engine, funded the year's cash needs.
The balance-sheet posture improved mechanically: debt-to-equity fell to 0.7x and the current ratio was 2.6x in FY2025, so pressure is less about leverage than funding ongoing losses. Reported liquidity equaled 19.5 months of the latest annual operating outflow, a useful balance-sheet cushion that coexists with continued financing dependence.
The margin shape reversed from
Financial Health Signals
Atlas Lithium Corporation does not currently provide enough eligible data for a peer-relative financial health score, so none is published. The signals and metrics below are current.
Atlas Lithium Corporation scores -2.55, below the 1.81 distress threshold. The score is driven primarily by a large market capitalization ($62.3M) relative to total liabilities ($35.2M). This indicates elevated financial distress risk and warrants close attention to liquidity and debt levels.
Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.
Atlas Lithium Corporation passes 2 of 8 computable financial strength tests (1 of the nine could not be computed from available data). 2 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), neither operating efficiency signal passes.
Atlas Lithium Corporation reported a net loss of $28.1M while operations used $22.2M of cash. With neither figure positive, the ratio between the two carries no quality signal.
Atlas Lithium Corporation reported an operating loss of $31.7M against $650K in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations.
Key Financial Metrics
Earnings & Revenue
Atlas Lithium Corporation's EBITDA was -$11.8M in Q2 2026, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 92.2% from the same quarter a year earlier. Against the prior quarter it is up 29.6%.
Atlas Lithium Corporation reported -$10.2M in net income in Q2 2026. This represents a decrease of 83.9% from the same quarter a year earlier. Against the prior quarter it is up 24.6%.
Atlas Lithium Corporation earned -$0.35 per diluted share (EPS) in Q2 2026. Against the prior quarter it is up 30.0%.
Not reported for Q2 2026.
Cash & Balance Sheet
Atlas Lithium Corporation recorded an outflow of $8.2M in free cash flow in Q2 2026, representing a cash shortfall after capex. This represents a decrease of 50.1% from the same quarter a year earlier. Against the prior quarter it is up 30.9%.
Atlas Lithium Corporation held $36.1M in cash as of Q2 2026; long-term debt is not reported for that period.
Not reported for Q2 2026.
Margins & Returns
Atlas Lithium Corporation's ROE was -21.6% in Q2 2026, measuring profit generated per dollar of shareholder equity. This is up 0.7 percentage points from the same quarter a year earlier. Against the prior quarter it is up 8.3 percentage points.
Not reported for Q2 2026.
Not reported for Q2 2026.
Not reported for Q2 2026.
Capital Allocation
Atlas Lithium Corporation invested $603K in capex in Q2 2026, funding long-term assets and infrastructure. This represents a decrease of 61.1% from the same quarter a year earlier. Against the prior quarter it is down 50.3%.
Not reported for Q2 2026.
Not reported for Q2 2026.
ATLX Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K/A | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Revenue | N/A | $74K+104.2% | N/A | N/A | $43K-76.5% | $36K-80.5% | $128K | $170K |
| Cost of Revenue | N/A | $2K-97.3% | N/A | N/A | $50K-45.5% | $88K-13.9% | $108K | $100K |
| Gross Profit | N/A | $72K+214.9% | N/A | N/A | -$18K-120.0% | -$63K-174.0% | $21K | $69K |
| SG&A Expenses | $9.5M+110.6% | $10.8M+119.8% | N/A | $6.5M+60.1% | $4.5M-0.9% | $4.9M+51.2% | $3.8M | $4.1M+125.8% |
| Operating Income | -$11.8M-93.2% | -$16.8M-70.9% | N/A | -$8.0M+22.1% | -$6.1M+35.9% | -$9.8M+25.5% | -$10.9M | -$10.3M+10.3% |
| EBITDA | -$11.8M-92.2% | -$16.8M-71.9% | N/A | -$7.8M+23.2% | -$6.1M+35.5% | -$9.7M+25.9% | -$11.0M | -$10.2M+10.7% |
| Interest Expense | N/A | $160K0.0% | N/A | $164K0.0% | $162K0.0% | $160K-20.9% | $286K | $164K |
| Income Tax | N/A | N/A | N/A | N/A | N/A | N/A | N/A | $4K |
| Net Income | -$10.2M-83.9% | -$13.6M-50.4% | N/A | -$7.0M+23.0% | -$5.6M+39.4% | -$9.0M+30.4% | -$11.1M | -$9.0M+20.0% |
| EPS (Basic) | -$0.35-12.9% | -$0.50+9.1% | -$0.36+50.0% | -$0.35+41.7% | -$0.31+53.7% | -$0.55+46.1% | -$0.72+89.9% | -$0.60+51.6% |
| EPS (Diluted) | -$0.35 | -$0.50 | -$0.36+50.0% | -$0.35+41.7% | -$0.31+53.7% | -$0.55+46.1% | -$0.72+89.9% | -$0.60 |
| Diluted Shares (Avg) | 29M | 27M | N/A | 20M+34.7% | 18M+31.2% | 17M+29.2% | N/A | 15M |
Not reported in any period shown, so not listed: R&D Expenses.
ATLX Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K/A | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $89.3M+41.1% | $87.4M+43.8% | $87.7M+51.6% | $72.2M+19.3% | $63.3M+0.2% | $60.8M+61.7% | $57.9M+32.8% | $60.5M+107.7% |
| Current Assets | $37.4M+151.8% | $36.4M+147.8% | $37.9M+133.2% | $23.5M+3.0% | $14.9M-54.4% | $14.7M-17.1% | $16.2M-45.3% | $22.9M-0.3% |
| Cash & Equivalents | $36.1M+160.3% | $34.4M+145.4% | $35.9M+131.3% | $21.0M-4.9% | $13.9M-57.0% | $14.0M-20.1% | $15.5M-47.4% | $22.1M-3.5% |
| Short-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Inventory | $519K+16.5% | $519K+24.2% | $505K+2.5% | $520K-4.7% | $445K+195.5% | $418K+1808.6% | $493K | $545K |
| Accounts Receivable | N/A | $12K-75.9% | $29K-40.1% | N/A | N/A | $49K | $48K | $151K |
| Long-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities | $35.6M-3.9% | $34.7M-4.9% | $35.2M-1.9% | $36.6M-0.2% | $37.1M+4.6% | $36.5M-0.3% | $35.8M-0.2% | $36.7M+61.6% |
| Current Liabilities | $15.4M+123.5% | $14.4M+128.8% | $14.8M+160.3% | $6.4M-1.2% | $6.9M+24.9% | $6.3M-5.4% | $5.7M-3.7% | $6.5M+144.0% |
| Non-Current Liabilities | $20.3M-32.9% | $20.3M-32.8% | $20.4M-32.5% | $30.2M0.0% | $30.2M+0.9% | $30.2M+0.8% | $30.2M+0.5% | $30.2M+50.7% |
| Total Equity | $47.4M+89.7% | $45.4M+92.2% | $52.0M+144.4% | $34.3M+47.3% | $25.0M-7.9% | $23.6M+4106.4% | $21.3M+193.3% | $23.3M+255.7% |
| Retained Earnings | -$193.3M-22.0% | -$183.2M-19.7% | -$171.6M-18.8% | -$165.1M-23.6% | -$158.5M-26.8% | -$153.0M-32.1% | -$144.4M-40.4% | -$133.6M-59.1% |
Not reported in any period shown, so not listed: Goodwill, Long-Term Debt.
ATLX Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K/A | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$7.6M-94.3% | -$10.6M-141.4% | -$6.8M-48.7% | -$7.1M-141.7% | -$3.9M+24.8% | -$4.4M+27.8% | -$4.6M+46.4% | -$2.9M+65.5% |
| Depreciation & Amortization | $33K+317.0% | $33K-54.9% | -$105K-13.8% | $165K+133.1% | -$15K-146.5% | $74K+132.4% | -$92K-1670.4% | $71K+221.6% |
| Stock-Based Compensation | $2.1M+29.9% | $6.1M+25.5% | N/A | $1.5M-76.6% | $1.6M-68.3% | $4.8M-29.4% | N/A | $6.3M+69.5% |
| Capital Expenditures | $603K-61.1% | $1.2M-61.8% | $194K-94.1% | $1.2M-77.5% | $1.6M-80.9% | $3.2M-45.7% | $3.3M-54.3% | $5.2M+367.1% |
| Free Cash Flow | -$8.2M-50.1% | -$11.8M-56.2% | -$7.0M+10.9% | -$8.2M-1.4% | -$5.5M+59.0% | -$7.6M+36.6% | -$7.8M+50.0% | -$8.1M+15.3% |
| Investing Cash Flow | -$710K+65.8% | -$1.3M+68.3% | -$1.1M+71.6% | -$1.6M+76.5% | -$2.1M+80.6% | -$4.2M+30.4% | -$3.8M+47.4% | -$6.8M-685.8% |
| Financing Cash Flow | $10.0M+71.6% | $10.4M+46.7% | $22.8M+1141.0% | $15.8M+10323.0% | $5.8M | $7.1M | $1.8M-91.8% | $151K-98.5% |
Not reported in any period shown, so not listed: Dividends Paid, Share Buybacks.
ATLX Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K/A | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | N/A | 96.9% | N/A | N/A | -42.4%-92.2pp | -172.1% | 16.1% | 41.0% |
| Operating Margin | N/A | -22574.7% | N/A | N/A | -14241.3% | -26969.3% | -8482.4% | -6054.5% |
| Net Margin | N/A | -18225.8% | N/A | N/A | -12931.2% | -24754.9% | -8648.5% | -5325.2% |
| Return on Equity | -21.6%+0.7pp | -29.8%+8.3pp | N/A | -20.3%+18.5pp | -22.2%+11.5pp | -38.1%+2269.0pp | -52.1% | -38.8%+133.5pp |
| Return on Assets | -11.4%-2.7pp | -15.5%-0.7pp | N/A | -9.6%+5.3pp | -8.8%+5.7pp | -14.8%+19.7pp | -19.1% | -14.9%+23.8pp |
| Current Ratio | 2.43+0.3x | 2.52+0.2x | 2.56-0.3x | 3.69+0.2x | 2.16-3.8x | 2.33-0.3x | 2.86-2.2x | 3.54-5.1x |
| Debt-to-Equity | 0.75-0.7x | 0.76-0.8x | 0.68-1.0x | 1.07-0.5x | 1.48+0.2x | 1.54-63.6x | 1.69-3.3x | 1.58-1.9x |
| Asset Turnover | N/A | 0.000.0x | N/A | N/A | 0.000.0x | 0.000.0x | 0.00 | 0.00 |
| FCF Margin | N/A | -15920.5% | N/A | N/A | -12685.5% | -20812.1% | -6128.0% | -4786.0% |
Reported as filed but not readable as a share of revenue in the periods where the ratio runs further from zero than a revenue base allows; no change figure is given where either compared period is one of those: Gross Margin, Operating Margin, Net Margin, FCF Margin.
Similar Companies
Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.
| Company | Fiscal year | Revenue | Net income | Net margin | Market cap | Health score |
|---|---|---|---|---|---|---|
| Atlas Lithium Corporation ATLX | FY2025 | $121K | -$28.1M | N/A | $62.3M | — |
| Largo Inc. LGO | FY2025 | $109.9M | -$68.7M | -62.5% | $51.5M | 10/100 |
| Brazil Potash Corp. GRO | FY2025 | N/A | -$52.2M | N/A | $133.8M | — |
| Fury Gold Mines Limited FURY | FY2021 | N/A | $16.8M | N/A | $106.9M | — |
| Nova Minerals Corp NVA | FY2026 | N/A | -$25.6M | N/A | $2.4B | — |
| Odyssey Marine Exploration, Inc OMEX | FY2025 | $354K | -$43.1M | N/A | $37.6M | — |
Where Atlas Lithium Corporation Ranks
Frequently Asked Questions
What is Atlas Lithium Corporation's annual revenue?
Atlas Lithium Corporation (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 Corporation's revenue growing?
Atlas Lithium Corporation (ATLX) revenue declined by 81.8% year-over-year, from $667K to $121K in fiscal year 2025.
Is Atlas Lithium Corporation profitable?
No, Atlas Lithium Corporation (ATLX) reported a net income of -$28.1M in fiscal year 2025.
What is Atlas Lithium Corporation's EBITDA?
Atlas Lithium Corporation (ATLX) had EBITDA of -$31.5M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
What is Atlas Lithium Corporation's gross margin?
Atlas Lithium Corporation (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 Corporation's return on equity (ROE)?
Atlas Lithium Corporation (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 Corporation's free cash flow?
Atlas Lithium Corporation (ATLX) recorded an outflow of $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 Corporation's operating cash flow?
Atlas Lithium Corporation (ATLX) recorded an outflow of $22.2M in operating cash flow during fiscal year 2025, representing cash used by core business activities.
What are Atlas Lithium Corporation's total assets?
Atlas Lithium Corporation (ATLX) had $87.7M in total assets as of fiscal year 2025, including both current and long-term assets.
What are Atlas Lithium Corporation's capital expenditures?
Atlas Lithium Corporation (ATLX) invested $6.1M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
What is Atlas Lithium Corporation's current ratio?
Atlas Lithium Corporation (ATLX) had a current ratio of 2.56 as of fiscal year 2025, which is generally considered healthy.
What is Atlas Lithium Corporation's debt-to-equity ratio?
Atlas Lithium Corporation (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 Corporation's return on assets (ROA)?
Atlas Lithium Corporation (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 Corporation's P/E ratio?
Atlas Lithium Corporation (ATLX) has no price-to-earnings ratio at the moment: net loss, so no earnings multiple (FY2025). The market capitalization is $62.3M as of Oct 14, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is Atlas Lithium Corporation's price-to-sales ratio?
Atlas Lithium Corporation (ATLX) trades at 513x sales, its market capitalization divided by revenue of $121K revenue, FY2025. The market capitalization is $62.3M as of Oct 14, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
How does Atlas Lithium Corporation's liquidity compare with its operating cash outflow?
At the end of fiscal year 2025, Atlas Lithium Corporation (ATLX) held $35.9M in cash, cash equivalents and investments, and reported an operating cash outflow of $22.2M over that year. Dividing the one by the other, the reported balance equals about 19 months of the outflow reported that year. This is arithmetic over figures already filed, not a projection: it assumes nothing about future spending, financing or operations.
What is Atlas Lithium Corporation's Altman Z-Score?
Atlas Lithium Corporation (ATLX) has an Altman Z-Score of -2.55, placing it in the Distress Zone (elevated bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is Atlas Lithium Corporation's Piotroski F-Score?
Atlas Lithium Corporation (ATLX) has a Piotroski F-Score of 2 out of 8 computable signals; 1 of the nine could not be computed from available data, so the full-scale strength rating is not shown. 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 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Atlas Lithium Corporation's earnings high quality?
Atlas Lithium Corporation (ATLX) reported a net loss of $28.1M while operations used $22.2M of cash. With neither figure positive, the ratio between the two carries no quality signal. 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 Corporation cover its interest payments?
Atlas Lithium Corporation (ATLX) reported an operating loss of $31.7M against $650K in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations. 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.