Atlantic American Corporation (AAME) Income Statement
AAME 2024 at a glance
Fiscal year ended December 31, 2024 · U.S. dollarsAAME revenue and net income
Where AAME's revenue goes
2024Each bar shows an amount and its share of revenue. AAME kept −2.3% of revenue as net income.
AAME profit margins
AAME growth rates
to 2024| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +0.8% | −1.9% | −1.0% | +1.2% |
| Gross profit | −20.9% | −11.0% | +1.3% | −2.9% |
| Operating income | — | — | — | — |
| Net income | — | — | — | — |
| EPS (diluted) | — | — | — | — |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
AAME quarterly EPS vs estimates
Atlantic American beat the analyst EPS estimate in 1 of the last 1 quarters. Next report: November 13, 2026.
AAME income statement
| 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $188.2M | $186.8M | $187.9M | $199.6M | $195.3M | $198.2M | $185.6M | $181.1M | $166.1M | $165.9M |
| Cost of revenue | $173.9M | $168.6M | $170.2M | $179.2M | $166.7M | $184.7M | $171.7M | $161.0M | $148.0M | $144.6M |
| Gross profit | $14.4M | $18.2M | $17.7M | $20.4M | $28.7M | $13.5M | $13.9M | $20.2M | $18.1M | $21.3M |
| Research & development | — | — | — | — | — | — | $0 | $0 | $0 | $0 |
| Sales, general & admin | — | — | — | — | — | $45.5M | $39.0M | $43.4M | $44.8M | $43.2M |
| Total operating expenses | $19.6M | $18.7M | $15.6M | $15.1M | $13.2M | $13.9M | $14.8M | $14.8M | $14.6M | $15.6M |
| Operating income | −$5.3M | −$565,000 | $2.1M | $5.3M | $15.5M | −$407,000 | −$971,000 | $5.4M | $3.5M | $5.7M |
| Interest income | — | — | — | — | — | $2.1M | $2.0M | $1.7M | $1.6M | $1.4M |
| Interest expense | $3.4M | $3.3M | $2.0M | $1.4M | $1.6M | $2.1M | $2.0M | $1.7M | $1.6M | $1.4M |
| Income before taxes | −$5.3M | −$565,000 | $2.1M | $5.3M | $15.5M | −$407,000 | −$971,000 | $5.4M | $3.5M | $5.7M |
| Income taxes | −$996,000 | −$394,000 | $571,000 | $1.0M | $3.3M | −$21,000 | −$267,000 | $828,000 | $888,000 | $1.3M |
| Net income | −$4.3M | −$171,000 | $1.5M | $4.3M | $12.2M | −$386,000 | −$704,000 | $4.5M | $2.6M | $4.4M |
| EBITDA | −$1.5M | $3.4M | $4.9M | $7.7M | $18.1M | $2.7M | $2.1M | $8.5M | $6.3M | $8.3M |
| EPS (diluted) | −$0.25 | −$0.19 | $0.05 | $0.19 | $0.55 | −$0.22 | $0.12 | $0.18 | $0.04 | $0.20 |
| Gross margin | 7.6% | 9.7% | 9.4% | 10.2% | 14.7% | 6.8% | 7.5% | 11.1% | 10.9% | 12.9% |
| Operating margin | −2.8% | −0.3% | 1.1% | 2.7% | 7.9% | −0.2% | −0.5% | 3.0% | 2.1% | 3.4% |
| Net margin | −2.3% | −0.1% | 0.8% | 2.1% | 6.2% | −0.2% | −0.4% | 2.5% | 1.6% | 2.6% |
| Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Sep '23 | Jun '23 | Mar '23 | Dec '22 | Sep '22 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $53.8M | $55.3M | $50.1M | $49.0M | $44.5M | $47.7M | $47.0M | $44.6M | $49.2M | $46.3M | $27.3M | $46.3M |
| Cost of revenue | $35.1M | $46.5M | $43.6M | $43.6M | $42.2M | $43.4M | $31.9M | $37.9M | $42.2M | $43.4M | — | $43.5M |
| Gross profit | $18.6M | $8.8M | $6.5M | $5.4M | $2.3M | $4.3M | $15.1M | $6.7M | $7.0M | $2.9M | — | $2.9M |
| Total operating expenses | $17.9M | $4.6M | $5.5M | $4.9M | $4.7M | $5.1M | $16.7M | $4.6M | $4.8M | $4.7M | $43.9M | $3.8M |
| Operating income | $769,000 | $4.2M | $1.0M | $545,000 | −$2.5M | −$849,000 | −$1.7M | $2.1M | $2.2M | −$1.8M | — | −$949,000 |
| Interest expense | $779,000 | $773,000 | $774,000 | $828,000 | $869,000 | $867,000 | $855,000 | $850,000 | $807,000 | $750,000 | $500,000 | $523,000 |
| Income before taxes | $769,000 | $4.2M | $1.0M | $545,000 | −$2.5M | −$849,000 | −$2.5M | $2.1M | $2.2M | −$1.8M | $1.4M | −$949,000 |
| Income taxes | $192,000 | $900,000 | $233,000 | $133,000 | −$456,000 | −$165,000 | −$508,000 | $379,000 | $473,000 | −$372,000 | — | −$265,000 |
| Net income | $577,000 | $3.3M | $802,000 | $412,000 | −$2.0M | −$684,000 | −$2.0M | $1.8M | $1.7M | −$1.4M | $1.5M | −$684,000 |
| EBITDA | $1.6M | $5.1M | $1.9M | $1.4M | −$1.5M | $143,000 | −$1.5M | $3.2M | $3.2M | −$880,000 | $5.3M | −$208,000 |
| EPS (diluted) | $0.02 | $0.15 | $0.02 | $0.01 | −$0.10 | −$0.04 | −$0.11 | $0.08 | −$0.08 | −$0.08 | $0.05 | −$0.04 |
| Gross margin | 34.7% | 15.9% | 13.0% | 11.0% | 5.1% | 9.0% | 32.1% | 15.0% | 14.2% | 6.2% | — | 6.2% |
| Operating margin | 1.4% | 7.6% | 2.1% | 1.1% | −5.5% | −1.8% | −3.5% | 4.8% | 4.5% | −3.9% | — | −2.0% |
| Net margin | 1.1% | 6.0% | 1.6% | 0.8% | −4.5% | −1.4% | −4.3% | 3.9% | 3.5% | −3.1% | 5.5% | −1.5% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in AAME's financial statements (latest annual report filed March 25, 2025); data from EODHD. Sales, general & administrative expenses include sales and marketing.
AAME financial results
In fiscal year 2024 (ended December 31, 2024), Atlantic American reported revenue of $188.2 million, up 0.8% from the year before. It had a net loss of $4.3 million, a net profit margin of −2.3%. Diluted earnings per share came to −$0.25. Over five years revenue grew at an average rate of −1.0% a year.
See the AAME stock overview for the latest quote and news, or the AAME chart for price history and technical indicators.
AAME income statement FAQ
What is Atlantic American's annual revenue?
Atlantic American reported total revenue of $188.2 million for fiscal year 2024, which ended on December 31, 2024. That was up 0.8% from $186.8 million the previous year.
Is Atlantic American profitable?
No. Atlantic American reported a net loss of $4.3 million in fiscal 2024, a net profit margin of −2.3%; its operating margin was −2.8%.
What is Atlantic American's gross margin?
Atlantic American's gross margin was 7.6% in fiscal 2024: for every $100 of revenue, Atlantic American kept $8 after the direct cost of its products and services.
How fast is Atlantic American growing?
Revenue grew −1.0% a year on average over the last five fiscal years, from $198.2 million to $188.2 million.
What are Atlantic American's earnings per share?
Atlantic American earned $-0.25 per diluted share in fiscal 2024, compared with $-0.19 a year earlier.
When will Atlantic American report its next earnings?
Atlantic American is expected to report results for the quarter ending September 30, 2026 on November 13, 2026.
When does Atlantic American's fiscal year end?
Atlantic American's fiscal year ends in December. The latest annual report covers the year ended December 31, 2024 and was filed on March 25, 2025.