ATLX on Nasdaq
Atlas Lithium Corp
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Last updated Oct 16, 2026.
Overview
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Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Key numbers, fiscal 2025
-49.0%Gross margin3
-26074.8%Operating margin3
-23157.6%Net margin3
-83.8%Revenue growth, 20253
-54.1%Return on equity3
-$28.3MFree cash flow3
Where the money goes
Where each dollar of revenue went, fiscal 2025
- Cost of revenue19¢$151.9K
- Interest81¢$650.0K
Out of $121.4K in revenue.3 The company lost money this year.
Financial statements
Every line of the income statement in the latest annual report, as filed.3
| Period ending | 2025-12-31 | 2024-12-31 |
|---|---|---|
| Gross revenues | $121.4K | $748.7K |
| Sales deductions | -$28.9K | -$81.5K |
| Net revenue | $92.5K | $667.1K |
| Cost of revenue | -$151.9K | -$401.4K |
| Gross profit | -$59.4K | $265.7K |
| General and administrative expenses | $22.3M | $15.6M |
| Stock-based compensation | $9.3M | $25.3M |
| Exploration | $3.0M | |
| Other operating expenses | $138.4K | |
| Total operating expenses | $31.6M | $44.1M |
| Loss from operations | -$31.7M | -$43.9M |
| Other expense (income) | $67.9K | $1.3M |
| Fair value adjustments, net (income) | -$59.8K | -$420.0K |
| Finance costs (revenue) | $242.1K | -$382.3K |
| Total other expense | $250.2K | $536.1K |
| Loss before income taxes | -$31.9M | -$44.4M |
| Income taxes | $18.9K | |
| Net loss | -$31.9M | -$44.4M |
| Loss attributable to non-controlling interest | -$3.8M | -$2.2M |
| Net loss attributable to Atlas Lithium Corporation stockholders | -$28.1M | -$42.2M |
| Net loss per share attributable to Atlas Lithium Corporation common stockholders basic | -$1.54 | -$2.91 |
| Net loss per share attributable to Atlas Lithium Corporation common stockholders diluted | -$1.54 | -$2.91 |
| Basic | 18.2M shares | 14.5M shares |
| Diluted | 18.2M shares | 14.5M shares |
| Foreign currency translation adjustment | $668.3K | -$41.2K |
| Comprehensive loss | -$31.2M | -$44.5M |
| Comprehensive loss attributable to noncontrolling interests | -$3.7M | -$2.1M |
| Comprehensive loss attributable to Atlas Lithium Corporation stockholders | -$27.6M | -$42.3M |
Every line of the balance sheet in the latest annual report, as filed.3
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Cash and cash equivalents | $35.9M | $15.5M | |
| Trade receivable | $28.5K | $47.7K | |
| Inventories | $505.3K | $492.8K | |
| Taxes recoverable | $1.0M | $29.4K | |
| Derivative assets | $219.6K | ||
| Prepaid and other current assets | $146.6K | $135.0K | |
| Total current assets | $37.9M | $16.2M | |
| Taxes recoverable | $673.5K | $1.7M | |
| Property and equipment, net | $48.0M | $38.9M | |
| Intangible assets, net | $309.3K | $399.8K | |
| Right of use assets - operating leases, net | $623.1K | $499.6K | |
| Other assets | $255.2K | $152.8K | |
| Total assets | $87.7M | $57.9M | |
| Accounts payable and accrued expenses | $4.5M | $5.0M | |
| Derivative liabilities | $21.6K | $462.6K | |
| Convertible Debt | $10.0M | $81.9K | |
| Operating lease liabilities | $286.9K | $134.3K | |
| Other current liabilities | $8.8K | $8.1K | |
| Total current liabilities | $14.8M | $5.7M | |
| Convertible Debt | $9.8M | ||
| Operating lease liabilities | $331.4K | $312.9K | |
| Deferred consideration from royalties sold | $20.0M | $20.0M | |
| Other noncurrent liabilities | $27.2K | $34.0K | |
| Total liabilities | $35.2M | $35.8M | |
| Series A preferred stock, $0.001 par value. 1 share authorized; 1 share issued and outstanding as of December 31, 2025 and December 31, 2024 | $1 | $1 | |
| Common stock, $0.001 par value. 200,000,000 and 200,000,000 shares authorized as of December 31, 2025 and December 31, 2024, respectively and 26,968,501 and 16,014,742 shares issued and outstanding as of December 31, 2025 and December 31, 2024, respectively | $27.0K | $16.0K | |
| Additional paid-in capital | $223.4M | $166.1M | |
| Accumulated other comprehensive loss | -$141.9K | -$180.0K | |
| Cumulative Adjustment of the Valuation of Fin. Instruments | $224.9K | -$278.8K | |
| Accumulated deficit | -$171.6M | -$144.4M | |
| Total Atlas Lithium Co. stockholders equity | $52.0M | $21.3M | |
| Non-controlling interest | $578.8K | $753.5K | |
| Total stockholders equity | $52.5M | $22.0M | $7.7M |
| Total liabilities and stockholders equity | $87.7M | $57.9M | |
| Preferred stock, par value | $0.00 | $0.00 | |
| Preferred stock, shares authorized | 1 shares | 1 shares | |
| Preferred stock, shares issued | 1 shares | 1 shares | |
| Preferred stock, shares outstanding | 1 shares | 1 shares | |
| Common stock, par value | $0.00 | $0.00 | |
| Common stock, shares authorized | 200.0M shares | 200.0M shares | |
| Common stock, shares issued | 27.0M shares | 16.0M shares | |
| Common stock, shares outstanding | 27.0M shares | 16.0M shares |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
Every line of the cash flow in the latest annual report, as filed.3
| Period ending | 2025-12-31 | 2024-12-31 |
|---|---|---|
| Net loss | -$31.9M | -$44.4M |
| Stock-based compensation and services | $9.3M | $25.3M |
| Depreciation and amortization | $119.1K | $43.9K |
| Lease expenses | $182.8K | $154.8K |
| Interest expense | $650.0K | $814.6K |
| Derivative liabilities | $2.8K | |
| Fair value adjustments | -$54.5K | -$555.8K |
| Write off property and equipment | $1.3M | |
| Other non-cash expenses | -$6.7K | -$75.4K |
| Gain/loss on FOREX transactions | $290.2K | |
| Unwinding of non-current liabilities | $136.8K | |
| Inventories and trade receivable | $26.6K | -$427.2K |
| Taxes recoverable | $221.6K | -$1.7M |
| Deposits and advances | -$9.1K | -$176.3K |
| Accounts payable | -$981.6K | $1.1M |
| Other noncurrent liabilities | -$95.3K | -$190.0K |
| Net cash used in operating activities | -$22.2M | -$18.8M |
| Acquisition of capital assets | -$6.1M | -$22.4M |
| Capitalized Exploration costs | -$2.9M | -$4.5M |
| Increase in intangible assets | -$405.9K | |
| Net cash used in investing activities | -$9.0M | -$27.3M |
| Net proceeds from sale of common stock | $49.9M | $31.9M |
| Net proceeds from sale of common stock of subsidiaries | $2.5M | $1.0M |
| Leases payments | -$216.9K | -$151.0K |
| Cash used in payment of debt | -$650.0K | -$636.8K |
| Net cash provided by financing activities | $51.5M | $32.1M |
| Effect of exchange rates on cash and cash equivalents | $681 | -$14.8K |
| Net increase (decrease) in cash and cash equivalents | $20.4M | -$14.0M |
Former names
Recent filings
- Oct 1, 20264
- Sep 2, 20264
- Aug 19, 20264
- Aug 14, 202610-K/A
- Aug 14, 202610-Q
- Aug 3, 20264
- Jul 24, 20264
- Jul 2, 20264
- Jul 2, 20264
- Jun 30, 2026144
- Jun 29, 20268-K
- Jun 18, 20264
- Jun 16, 20268-K
- Jun 5, 20264
- Jun 4, 20264
Every filing from the last three years, summarized. The full record is on SEC EDGAR.1
Sources
The numbers on this page point here. Each one links to the record it came from.
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