AtlasClear Holdings Reports 65% Revenue Growth in Fiscal Third Quarter 2026

AtlasClear Holdings, Inc. (NYSE American: ATCH) announced financial results for its fiscal third quarter ended March 31, 2026, showing a 65% year-over-year increase in revenue to $4.2 million, compared to $2.5 million in the prior-year quarter. For the nine months ended March 31, 2026, revenue rose 67% to $13.5 million from $8.1 million in the same period last year. The company also reported fiscal year-to-date net income of $4.4 million, or $0.05 per diluted share, versus a net loss of $(0.02) per share in the prior-year period.

The results highlight AtlasClear's transition from balance sheet repair to operational scaling. Legacy de-SPAC liabilities were reduced by more than 95% since fiscal year-end 2024, from approximately $34 million to under $1 million. Stockholders' equity improved to $22.3 million as of March 31, 2026, compared to a deficit of $(6.8) million as of June 30, 2025. Total liabilities declined by approximately $16 million from fiscal year-end 2025. Cash and cash equivalents totaled $16.7 million, while total cash including segregated customer and PAB reserve cash reached approximately $41.2 million.

Stock locate and securities lending revenue became a significant contributor, totaling $1.4 million in the quarter and $3.0 million year-to-date, compared to effectively zero in the comparable prior-year periods. This growth reflects deliberate operational build-out, according to management. Wilson-Davis & Co., Inc., AtlasClear's broker-dealer subsidiary, ended the quarter with net capital of approximately $15.2 million, about 50% higher than at the time of acquisition in early 2024.

John Schaible, Executive Chairman of AtlasClear, stated, "This quarter marks AtlasClear’s clearest demonstration yet that the platform we set out to build is taking commercial shape. AtlasClear has moved from balance sheet repair to operational scaling, and the pending acquisitions are intended to expand the Company’s earnings capacity, operating leverage, and service capabilities across clearing, capital markets, and banking."

Operationally, the company signed or actively onboarded five correspondent clearing relationships, with additional relationships in late-stage development. AtlasClear submitted a formal application to the Federal Reserve and Wyoming Division of Banking for the proposed acquisition of Commercial Bancorp of Wyoming. It also executed a Letter of Intent to acquire Ark Financial Services and its broker-dealer subsidiary, Dawson James Securities, structured in two steps to accommodate FINRA requirements. Continued expansion of securities lending and stock locate operations, along with investment in operational infrastructure, compliance, and technology systems, supported scaling efforts.

Craig Ridenhour, President of AtlasClear, noted, "Wilson-Davis is performing, and the correspondent pipeline is the leading indicator of where the business is heading. Securities lending has gone from immaterial to a $3.0 million year-to-date contributor on the back of deliberate operational build-out. We expect that combination of execution and pipeline to define the next several quarters."

Fiscal year-to-date interest expense declined 33% to $4.6 million from $6.9 million in the prior-year period, reflecting debt reduction actions. The $20 million structured capital raise completed in October, combined with current liquidity, supports continued execution on operational and strategic growth initiatives without near-term equity dilution. Management believes the strengthened balance sheet and liquidity profile position AtlasClear to continue executing its growth strategy.

The earnings conference call is scheduled for Thursday, May 14, 2026, at 8:30 AM Eastern Time. A webcast will be available at this link. Additional information about AtlasClear and its platform strategy can be found on the company's website and newsroom at this link.