Atlantic International Reports Record First Quarter 2026 Revenue of $249.9 Million
Rhea-AI Summary
Atlantic International (Nasdaq: ATLN) reported record Q1 2026 revenue of $249.9 million, up 143% from $102.8 million a year earlier. Gross profit rose 92% to $21.4 million, with cash of $24.1 million at March 31, 2026.
The quarter includes the first contribution from the January 23, 2026 acquisition of Circle8 Group, which expanded operations across North America and Europe. Combined operations now exceed $1.1 billion in annualized revenue, creating a transatlantic workforce solutions platform serving technology, financial, industrial and public sector clients.
Positive
- Q1 2026 revenue up 143% to approximately $249.9 million
- Q1 2026 gross profit up 92% to approximately $21.4 million
- Cash and cash equivalents of about $24.1 million at March 31, 2026
- Circle8 acquisition completed January 23, 2026 expands geographic reach and scale
- Combined operations exceed $1.1 billion in annualized revenue across North America and Europe
Negative
- None.
News Market Reaction – ATLN
In the Jun 22 session, ATLN declined 20.09%, reflecting a significant negative market reaction. Argus tracked a peak move of +243.7% during that session. Argus tracked a trough of -20.7% from its starting point during tracking. Our momentum scanner triggered 64 alerts that day, indicating high trading interest and price volatility. Trading volume was exceptionally heavy at 718.2x the daily average, suggesting significant selling pressure.
Data tracked by StockTitan Argus on the day of publication.
Key Figures
Previous Earnings Reports
| Date | Event | Sentiment | 24h Move | Catalyst |
|---|---|---|---|---|
| Apr 16 | Quarterly earnings | Positive | -6.6% | Reported Q4 and 2025 results plus Circle8 acquisition, targeting EBITDA improvement. |
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
Limited earnings history shows the last earnings release was followed by a negative price move despite growth and integration messaging.
Key Terms
form 10-q regulatory
securities and exchange commission regulatory
AI-generated analysis. How Rhea-AI works. Not financial advice.
Circle8 Acquisition Establishes Global Workforce Solutions Platform Across North America and Europe
ENGLEWOOD CLIFFS, N.J., June 22, 2026 (GLOBE NEWSWIRE) -- Atlantic International Corp. (Nasdaq: ATLN) today reported financial results for the first quarter ended March 31, 2026, and filed its Quarterly Report on Form 10-Q with the Securities and Exchange Commission.
The quarter reflects the first contribution of Circle8 Group following the completion of the acquisition on January 23, 2026. The transaction meaningfully expanded Atlantic's geographic reach and operating scale, establishing the Company as a transatlantic workforce solutions platform.
The quarter also reflects the initial integration of Circle8 and includes acquisition-related accounting and financing impacts associated with the transaction.
First Quarter 2026 Highlights
- Revenue increased
143% to approximately$249.9 million , compared to$102.8 million in the prior year period. - Gross profit increased
92% to approximately$21.4 million , compared to$11.2 million in the prior year period. - Cash and cash equivalents of approximately
$24.1 million as of March 31, 2026. - Combined operations now exceed
$1.1 billion in annualized revenue, serving clients across North America and Europe.
“The first quarter marks a turning point for Atlantic,” said Jeffrey Jagid, Chief Executive Officer of Atlantic International.
“With the addition of Circle8, we have significantly expanded our scale, geographic reach and capabilities, creating a workforce solutions platform with more than
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.”
Guus Franke, Executive Chairman of Atlantic International, added:
“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.”
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.
Atlantic’s combined operations provide staffing, consulting and workforce management solutions to clients in technology, financial services, industrial and public sector markets. The Company’s Form 10-Q for the quarter ended March 31, 2026 is available on the SEC’s EDGAR system and the Company’s investor relations website.
About Atlantic International Corp.
Atlantic International Corp. (Nasdaq: ATLN) is a global workforce solutions company with operations across North America and Europe. Through its operating subsidiaries, the Company provides staffing, consulting and workforce management services across technology, professional services, industrial, administrative and public sector markets.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of applicable federal securities laws. These statements are based on current expectations and assumptions and are subject to risks and uncertainties that could cause actual results to differ materially. The Company undertakes no obligation to update any forward-looking statements except as required by law.
Investor Relations Contact
Kevin Murphy
Chief Financial Officer
Atlantic International Corp
kmurphy@atlantic-international.com
