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Atlas Lithium (ATLX) earnings and revenue breakdown
Latest: Q1 2026 · 10-Q filed May 7, 2026 · Atlas Lithium (ATLX) Q1 2026 earnings results →
Q1 2026 Revenue up 196% year over year to $74K
Atlas Lithium made $74K in Q1 2026 (+196% Y/Y). Operating margin n/m, net loss $16.5M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed May 7, 2026.
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What changed this quarter
Revenue was $74K in Q1 2026, up 195% year over year and up 109% from the previous quarter.
Gross margin was 96.9%. Operating costs exceeded revenue by $16.8M, an operating margin of -22574.7%. The fastest-growing cost line was General & admin (+120%). The quarter ended with a net loss of $16.5M, wider than the previous quarter's $7.4M loss. Minority interests bore $3.0M of it: to shareholders the quarter was a loss of $13.6M.
Operating cash flow was −$10.6M. Non-cash charges added back $33K of depreciation and amortization and $6.1M of share-based compensation. Capital expenditures of $1.2M exceeded it, leaving free cash flow of −$11.8M.
Quarterly history
| Quarter | Form | Filed | Revenue | Y/Y | Op. margin | Net earnings | Op. cash flow |
|---|---|---|---|---|---|---|---|
| Q1 2026 | 10-Q | May 7, 2026 | $74K | +196% | n/m | −$16.5M | −$10.6M |
| Q4 2025 | 10-K | Mar 4, 2026 | $36K | -71% | n/m | −$7.4M | −$6.8M |
| Q2 2025 | 10-Q | Aug 4, 2025 | $32K | -83% | n/m | −$6.3M | −$3.9M |
| Q4 2024 | 10-K | Mar 14, 2025 | $123K | — | n/m | −$11.6M | −$4.6M |
Charts
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💵Where each $1 goesinteractive
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🌏Named in Asian annual reportsinteractive
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🔄Rotation against the market and its industry (RRG)interactive
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⚖️Fair value by methodinteractive
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📈Investments: gains and what it boughtinteractive
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About Atlas Lithium
Atlas Lithium Corporation (“Atlas Lithium”, the “Company”, “we”, “us”, or “our” refer to Atlas Lithium Corporation and its consolidated subsidiaries) is a mineral exploration and development company with lithium projects and multiple lithium exploration properties. In addition, we own exploration properties in other battery minerals, including nickel, copper, rare earths, graphite, and titanium. Our current focus is the continued advancement of our hard-rock lithium project in Minas Gerais, Brazil toward active mining. The project is located within a well-known lithium-bearing pegmatitic district designated by the state government as “Lithium Valley.” We intend to mine and then process our lithium-containing ore to produce lithium concentrate (also known as spodumene concentrate), a key ingredient for the battery supply chain.
In its own words, from its 10-K, filed Mar 4, 2026.
Atlas Lithium against its Mining & Quarrying of Nonmetallic Minerals (No Fuels) peers
The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +196% against the peers' median +6%.
| Company | Quarter | Revenue | Y/Y | Op. margin |
|---|---|---|---|---|
| ATLX Atlas Lithium | Q1 2026 | $74K | +196% | n/m |
| MLM Martin Marietta Materials | Q3 2026 | $2.4B | +28% | 18.5% |
| VMC Vulcan Materials | Q3 2026 | $2.2B | -5% | 24.0% |
| KNF Knife River | Q3 2026 | $1.3B | +6% | 16.8% |
| HL Hecla Mining | Q3 2026 | $395M | +25% | 39.8% |
| CMP Compass Minerals International | Q3 FY26 | $215M | +0.3% | 5.1% |
| SND Smart Sand | Q2 2026 | $115M | +34% | 8.7% |
| USLM United States Lime & Minerals | Q3 2026 | $106M | +4% | 42.1% |
| LEU Centrus Energy | Q3 2026 | $55.5M | -26% | -53.5% |
Source: Atlas Lithium 10-Q on SEC EDGAR · CIK 1540684 · Mining & Quarrying of Nonmetallic Minerals (No Fuels)
Guidance and outlook
13F: who owns ATLX and who is buying
More on ATLX
History
Every quarter: Q1 2026 results · Q4 2025 results · Q2 2025 results · Q4 2024 results