Atlantic International Reports $435.9M Full-Year Revenue, Sees Positive EBITDA in 2026
Atlantic International reported Q4 revenue of $120.0 million and full-year revenue of $435.9 million, with Q4 adjusted EBITDA loss of $4.0 million and full-year adjusted EBITDA loss of $4.7 million, narrowing net loss per share to $1.08 from $3.68 in 2024. The strategic combination with Circle8 Group creates a transatlantic platform with pro forma revenue run-rate exceeding $1 billion and management targets a return to positive adjusted EBITDA in 2026 through integration and disciplined cost management.
1. Q4 and Full Year 2025 Financial Results
Atlantic International posted Q4 revenue of $120.0 million, down from $129.5 million a year earlier, with gross profit of $11.0 million (9.1% margin) and an adjusted EBITDA loss of $4.0 million. Full-year revenue was $435.9 million, gross profit was $46.0 million (10.6% margin) and adjusted EBITDA loss was $4.7 million, while net loss per share narrowed to $1.08.
2. Circle8 Combination and Pro Forma Scale
The acquisition of Circle8 Group creates a combined U.S. industrial staffing and European technology talent platform with a pro forma revenue run-rate exceeding $1 billion. This expands high-margin software development, cybersecurity and data analytics services and enables cross-border client synergies.
3. 2026 Outlook and Targets
Management plans to return to positive adjusted EBITDA in 2026 by fully integrating Circle8, executing operational improvements and enforcing disciplined cost and procurement management. The company will pursue a focused buy-and-build strategy to extend geographic reach and add margin-accretive capabilities.
4. Leadership Changes and Strategic Initiatives
Guus Franke was appointed Executive Chairman and Kevin J. Murphy joined as CFO to support integration and growth. The company expanded a staffing partnership expected to contribute over $12 million annually and continues to evaluate acquisitions to enhance scale and margins.