Atlantic American (AAME) Financial Statements & Analysis

Atlantic American (AAME) Income Statement

Atlantic American reported revenue of $188.23M in fiscal 2024 (fiscal year ended Dec 31, 2024), up 0.8% from $186.79M a year earlier. Atlantic American posted a net loss of $4.67M, compared with a net loss of $171.00K a year earlier. Gross margin was 7.6% and operating margin -2.8%. In the most recent quarter, Q3 fiscal 2025 (ended Sep 30, 2025), revenue was $53.76M, up 20.8% from the same quarter a year earlier.

Atlantic American Income Statement Analysis

Values in millions USD

Income Statement Balance Sheet Cash Flow Ratios

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Atlantic American Corporation income statement - Annual data in millions USD
Breakdown	FY 2024	FY 2023	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017
Period ending	Dec 2024	Mar 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Mar 2019	Dec 2017
Revenue & Gross Profit
Revenue	188.23	186.79	186.79	187.85	199.55	195.35	198.18	185.55	181.11
Cost of Revenue	173.86	168.62	-	170.17	179.19	166.69	184.70	171.69	160.96
Gross Profit	14.37	18.17	-	17.68	20.36	28.66	13.48	13.86	20.15
Operating Expenses
Research & Development	0.00	0.00	-	0.00	0.00	0.00	0.00	0.00	0.00
Selling, General & Administrative	0.00	0.00	-	0.00	0.00	0.00	0.00	0.00	0.00
Operating Expenses	19.63	18.73	-	15.59	15.06	13.16	13.88	14.83	14.80
Operating Income	-5.26	-0.57	-	2.10	5.30	15.50	-0.41	-0.97	5.36
Other Income/Expense
Interest Income	0.00	0.00	-	0.00	0.00	0.00	0.00	0.00	0.00
Interest Expense	-3.42	3.27	3.27	1.95	1.39	1.61	2.13	2.04	1.72
Other Income/Expense	0.01	0.00	0.02	0.01	0.01	0.00	0.00	0.00	0.00
Income
Income Before Tax	-5.26	-0.57	-0.57	2.10	5.30	15.50	-0.41	-0.97	5.36
Income Tax Expense	-1.00	-0.39	-0.39	0.57	1.02	3.33	-0.02	-0.27	0.83
Net Income	-4.67	-0.17	-0.17	1.53	4.28	12.17	-0.39	-0.70	4.53
Net Income - Continuous Operations	-4.27	-0.17	-0.17	1.53	4.28	12.17	-0.39	-0.70	4.53
Net Income - Discontinued Operations	-	-	-	-	-	-	-	-	-
EBITDA	-1.48	3.36	3.36	4.94	7.69	18.09	2.72	2.05	8.52
EBIT	-1.85	-	2.70	4.05	6.69	17.11	-	-	-
Depreciation & Amortization	0.37	0.65	0.65	0.89	1.00	0.98	1.00	0.99	1.44
Earnings Per Share
Basic EPS	-	-	-	-	-	1.00	-	-	-
Diluted EPS	-	-	-	-	-	1.00	-	-	-
Basic Shares Outstanding	20.40	20.40	20.40	20.39	22.53	20.44	20.26	20.28	22.64
Diluted Shares Outstanding	20.40	20.40	20.40	20.39	22.53	21.82	20.26	20.28	22.64

Source: Company financial statements from annual and quarterly filings. Data as of Sep 30, 2025. Data sources and methodology

Frequently Asked Questions About Atlantic American Financial Statements

What was Atlantic American's revenue in fiscal 2024?

Atlantic American reported revenue of $188.23M in fiscal 2024 (fiscal year ended Dec 31, 2024). That was up 0.8% from $186.79M a year earlier.

Is Atlantic American profitable?

No. Atlantic American reported a net loss of $4.67M in fiscal 2024. In fiscal 2023 it lost $171.00K.

What is Atlantic American's operating margin?

Atlantic American's operating income was −$5.26M on revenue of $188.23M in fiscal 2024, an operating margin of -2.8%, compared with -0.3% a year earlier.

What is net profit margin?

Net profit margin is net income divided by revenue. It shows how much of each dollar of sales a company keeps as profit after all costs, interest and taxes. Full definition