Company: ATLN
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001605888-25-000031
Chunk: 139

Company: ATLANTIC INTERNATIONAL CORP.
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 8
Chunk 139
---
$102,896,993 $104,636,273 $205,705,800 $205,259,485 Cost of revenue91,478,299 93,146,627 183,100,984 183,304,457 Gross profit$11,418,694 $11,489,646 $22,604,816 $21,955,028 

Cost of revenue for the three months ended June 30, 2025 and 2024 was $91,478,299 and $93,146,627, respectively, a decrease of $1,668,328 or 1.8%. The decrease in cost of revenue was due primarily to lower service revenue, net driven primarily by lower temporary placement services revenue, which decreased $1,864,205 or 1.8%. Gross profit for the three months ended June 30, 2025 and 2024 was $11,418,694 and $11,489,646, respectively, a decrease of $70,952 or 0.6%. As a percentage of service revenue, net, gross profit was 11.1% and 11.0% for the three months ended June 30, 2025 and 2024, respectively, essentially flat quarter over quarter.

Cost of revenue for the six months ended June 30, 2025 and 2024 was $183,100,984 and $183,304,457, respectively, a decrease of $203,473 or 0.1%, essentially flat on year-to-date over year-to-date basis. Gross profit for the six months ended June 30, 2025 and 2024 was $22,604,816 and $21,955,028, respectively, an increase of $649,788 or 3.0%. As a percentage of service revenue, net, gross profit was 11.0% and 10.7% for the six months ended June 30, 2025 and 2024, respectively, which increased due to the Company’s initiative to sell higher margin accounts.

25

Total Operating Expenses

Total operating expenses for the three and six months ended June 30, 2025 and 2024 consisted of the following:

 Three Months EndedJune 30,Six Months EndedJune 30, 2025202420252024Selling, general and administrative$18,870,535 $18,553,150 $