Forensic Analysis · Wireline & Integrated Carriers · as of Nov 11, 2026
Atn International, Inc. (ATNI)
A forensic read on Atn International, Inc. built from its complete SEC filings — financial-health screens, earnings quality, red flags and a price-aware rating. Reproducible math, not opinion.
C · Mixed — selective
Forensic grade
Clean
Earnings quality
2
Forensic signals
-3.2%
ROE
-0.2%
Revenue growth
This free snapshot doesn't read filing or proxy text, so the auditor-quality and governance checks that can lower a grade were not evaluated (auditor quality, say on pay, board independence, going concern). Those checks only ever lower a grade, so the full analysis can land below the grade above but never above it — treat it as the most favourable reading, not the settled one.
Atn International, Inc. earns a C (Mixed — selective) forensic quality grade. 2 forensic signals were flagged in its latest SEC filings, led by return on invested capital.
What the filings flag
1.7%
FY2025
Return on invested capital.Return on invested capital is 1.7% in the latest fiscal year, against 0.7% in FY2023, having run between 0.0% and 1.7% across FY2023–FY2025 with no direction held. After-tax operating profit was $10M in FY2023 and $22M in FY2025, with operating income at 1.7% of revenue in FY2023, -0.1% in FY2024 and 3.9% in FY2025. The capital base behind it went from $1.5B in FY2023 to $1.4B in FY2025 (-7%), while the revenue it carried went from $762M to $728M. FY2023's operating profit carried a $11M restructuring charge that took about 0.6 points off that year's return, and FY2025's carried a $10M restructuring charge that took about 0.6 points off the latest; so the two charges roughly offset each other across FY2023–FY2025. FY2024's operating profit carried a $35M goodwill write-off and a $4M restructuring charge that alone took about 2.1 points off that year's return; FY2024 sits between the two ends of FY2023–FY2025, so the charge shapes the path between them without moving the change across it. A non-cash write-down lowers the reported return in the year it lands.
$35M
FY2024
Goodwill impairments.Took $35M of goodwill writedowns across 1 year (FY2024 ($35M)). Writedowns mean past acquisitions underperformed what was paid for them.
Key fundamentals
Latest Revenue$728.0M
Revenue Growth YoY-0.2%
Revenue CAGR (2yr)-2.3%
Net Margin-2.0%
Free Cash Flow$43.9M
Return on Equity-3.2%
Debt / Equity1.27x
The forensic grade and screens above are free — no account needed. Want the AI investment read on top — the 0–100 rating, thesis, bull-vs-bear, red flags and the 12-month scenario, written from Atn International, Inc.'s actual 10-K/10-Q/8-K filings?