ATNI ATN International, Inc.

Overview and Growth

In fiscal 2025, ATN International, Inc. recorded $727.98M of revenue, net loss of $14.91M, and an operating cash inflow of $133.94M. At $727.98M, the top line establishes the operating scale supporting the company’s profit and cash-flow profile. The top line contracted 0.2% from $729.08M in fiscal 2024; this top-line contraction left the company with a smaller revenue base. The company reported diluted EPS of -$1.38, adding a shareholder-level measure to the absolute income figures considered below. Total assets stood at $1.67B, showing the scale of resources supporting revenue, earnings, liquidity, and financing. Revenue equaled 0.44x of total assets, indicating how much reported top-line activity the company produced relative to its period-end asset base.

Profitability

Operating income was $28.43M, the earnings remaining from reported operations after the company’s recognized operating cost structure. The operating result equaled 3.9% of revenue, placing the absolute operating-income figure in the context of the company’s sales base. The bottom-line result was a net loss of $14.91M after operating, financing, tax, and other recognized items. Net margin was -2.0%, reflecting a loss equal to 2.0% of reported revenue. Before income taxes, the company recorded a loss of $27.75M, bridging the operating result to the final net loss. Measured against revenue, the pretax deficit represented 3.8%. An income-tax benefit of $4.23M improved the final result relative to pretax income or loss. Relative to period-end equity, the net loss represented 2.7%. The net loss equaled 0.9% of period-end assets, showing the deficit relative to the asset base. The bottom-line deficit decreased from $26.43M in fiscal 2024 to $14.91M.

Liquidity and Capital Structure

The company held $1.67B of assets against $1.03B of liabilities and $553.98M of equity, revealing how the asset base was financed. The near-term balance sheet paired $327.88M of current assets with $263.10M of current liabilities at the reporting date. At 1.25x, the current ratio shows that short-term assets were greater than short-term liabilities at period end. Cash and equivalents totaled $102.49M, identifying the most liquid reported component available within the broader current-asset balance. Cash and equivalents represented 39.0% of current liabilities, showing the portion of near-term obligations matched by reported cash alone. Total debt was $565.17M, establishing the amount of borrowing carried within the company’s capital structure. The debt-to-equity relationship was 1.02x, showing how much debt the company carried for each unit of book equity. The debt-to-assets relationship was 33.8%, comparing borrowing with the total asset balance. Relative to total assets, liabilities measured 61.7%, complementing the separate equity-based view of the company’s capital structure. Measured against total assets, cash and equivalents represented 6.1%, a balance-sheet composition measure rather than a liquidity forecast. Compared with $1.73B in fiscal 2024, the current asset base moved 3.1% and finished lower. Reported equity changed 7.0% from $595.45M in fiscal 2024, placing the current capital base lower year over year. Compared with $73.39M in fiscal 2024, the current cash balance moved 39.6% and finished higher.

Cash Flow and Earnings Quality

Operating activities produced a cash inflow of $133.94M, giving the cash-flow counterpart to the accrual-based profit measures reported for the year. The cash-flow statement records $90.02M of capital expenditures, the investment amount considered after operating cash generation. Capital expenditures represented 67.2% of operating cash flow, leaving the remainder available as free cash flow. The combination of operating cash flow and capital spending produced $43.91M of positive free cash flow for the period. Free cash flow represented 6.0% of revenue, linking post-investment cash generation with the company’s operating scale. Measured against total assets, free cash flow represented 2.6%, showing the cash productivity of the company’s assets.

Based on the annual report for the fiscal year ending Dec 31, 2025. Analysis generated Oct 21, 2026.