Atlas Lithium Corp
ATLXNasdaqMaterials · Mining & Quarrying of Nonmetallic Minerals (No Fuels) · NV · SEC filings ↗ · Compare ⊕
View price & chart on Yahoo Finance ↗Financials
SEC XBRL · annual| FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | |
|---|---|---|---|---|---|---|
| Revenue | $121,388 | $748,654 | — | $6,765 | $10,232 | $23,446 |
| Operating income | −$31.7M | −$43.9M | −$42.1M | −$5.5M | −$3.5M | −$1.3M |
| Net income | −$28.1M | −$42.2M | −$40.8M | −$4.6M | −$2.8M | −$1.5M |
| Total assets | $87.7M | $57.9M | $43.6M | $5.7M | $1.6M | $951,888 |
| Total liabilities | $35.2M | $35.8M | $35.9M | $2.9M | $1.1M | $2.4M |
| Equity | $52.0M | $21.3M | $7.2M | $1.0M | −$1.1M | −$3.5M |
| EPS (diluted) | $-1.54 | $-2.91 | $-4.37 | $-1.00 | $-0.75 | — |
| Shares out. | 17.0M | 12.8M | 6.7M | 3.19B | 2.50B | 1.03B |
Reported figures from the company's SEC filings (XBRL). Blank where a line item isn't cleanly tagged — never estimated.
Key ratios
from filings · FY2025- Operating margin
- −26074.8%
- Net margin
- −23157.6%
- Return on equity
- −54.1%
- Return on assets
- −32.1%
- Return on capital (ROCE)
- −43.4%
- Liabilities / assets
- 40.1%
- Debt / equity
- 0.68×
- Book value / share
- $3.06
- Revenue growth (YoY)
- −83.8%
- Net income growth (YoY)
- —
Computed from the company's own SEC figures — no market price, so these are facts, not a valuation. Book value per share is reported equity ÷ shares; it is not the stock price.
Financial health
forensic scores · FY2025- Altman Z″ (distress)
- -5.53distress
- Accruals / assets
- −6.8%clean
- Piotroski F-Score
- 3/9weak
Altman Z″is a textbook bankruptcy-distress score from book values only (>2.6 safe · 1.1–2.6 grey · <1.1 distress). Accruals = (net income − operating cash flow) ÷ assets; persistently high accruals are an earnings-quality red flag. Beneish M-Scoreis an eight-ratio screen comparing this year with last (M > −1.78 = elevated manipulation-risk screen, not proof). Piotroski F-Scorecounts how many of nine fundamental-health checks pass (shown as passed / applicable; we use operating margin and total liabilities as documented proxies where the exact input isn't XBRL-tagged). Computed from SEC filings — descriptive factors, not advice or a forecast.
Quality score
EDS ScoreOur own multi-factor score from free SEC data — profitability, growth, financial strength, earnings quality, and event/ownership catalysts. No market price and no licensed model: each axis is the share of source-backed checks it passes. Descriptive factors, not advice or a forecast.
Signs
● 2 severe● 4 warning● 2 good- Altman Z″ in the distress zone
- Filed a late-filing notice (Form NT) — missed an SEC deadline
- Operating losses (negative operating margin)
- Reported a net loss
- Revenue declined year-over-year
- Negative operating cash flow
- Conservative leverage (liabilities < 50% of assets)
- Clean earnings (low accruals)
Derived from the company's own SEC figures (fundamentals, forensic scores, filing discipline) — descriptive factors, not advice or a forecast.
Risk flags
late SEC filings- NT 10-Qmissed a reporting deadline ↗Aug 16, 2021
- NT 10-Qmissed a reporting deadline ↗May 17, 2021
- NT 10-Qmissed a reporting deadline ↗Nov 16, 2020
- NT 10-Qmissed a reporting deadline ↗Aug 14, 2020
- NT 10-Qmissed a reporting deadline ↗May 15, 2020
- NT 10-Kmissed a reporting deadline ↗Mar 30, 2020
A Form NT means the company notified the SEC it would file a periodic report late — often an accounting, audit or liquidity warning sign. Also search SEC enforcement actions for this company.
5%+ owners
SEC Schedule 13D / 13G · last 3 yrs- Citadel Advisors LlcPassive (13G)May 15, 2026
- Mitsui & Co LtdActivist (13D)Apr 29, 2026
- Waratah Capital Advisors Ltd.Passive (13G)Jan 13, 2025
Holders who disclosed a 5%+ stake. 13D signals intent to influence or control; 13G is a passive holding. Latest filing per holder — open it for the exact stake.
Short interest
FINRA · bi-monthly| Settlement | Shares short | Days to cover | Δ vs prior |
|---|---|---|---|
| May 15, 2026 | 1.2M | 1.0 | -19.0% |
| Apr 30, 2026 | 1.5M | 1.7 | +9.6% |
| Apr 15, 2026 | 1.4M | 4.3 | -4.9% |
| Mar 31, 2026 | 1.4M | 3.7 | +10.3% |
| Mar 13, 2026 | 1.3M | 4.1 | +3.2% |
Shares sold short as reported to FINRA. Days-to-cover = short shares ÷ average daily volume — higher means more potential squeeze pressure.
Material events
SEC Form 8-K · most recent- Shareholder voteJun 1, 2026
- Director / officer changeApr 7, 2026
- Other material eventDec 12, 2025
- Entered a material agreementDec 8, 2025
- Shareholder voteMay 30, 2025
- Other material eventMay 28, 2025
- Terminated a material agreementMar 21, 2025
- Other material eventNov 29, 2024
Events the company reported on Form 8-K, labelled by the SEC item code it filed under — its own classification, not our interpretation.