AtlasClear Holdings Posts 65% Revenue Jump, Narrows Losses as Strategic Pivot Takes Shape

AtlasClear Holdings, Inc. (NYSE American: ATCH) reported financial results for its fiscal third quarter ended March 31, 2026, showing a 65% year-over-year revenue increase to $4.2 million, as the company continues to execute on its strategy to build an integrated financial services platform combining clearing, capital markets, and banking capabilities.

Revenue for the nine months ended March 31, 2026, increased 67% to $13.5 million, compared to $8.1 million in the prior-year period. The company reported fiscal year-to-date net income of $4.4 million, or $0.05 per diluted share, compared to a net loss per share of $(0.02) in the prior-year nine-month period. Notably, stock locate and securities lending revenue reached $1.4 million in the quarter and $3.0 million year-to-date, compared to effectively zero in the comparable prior-year periods.

“This quarter marks AtlasClear’s clearest demonstration yet that the platform we set out to build is taking commercial shape,” said John Schaible, Executive Chairman of AtlasClear. “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. The pieces are increasingly coming together. The next phase is execution.”

The company made substantial progress repairing its balance sheet. Legacy de-SPAC liabilities were reduced by more than 95% since fiscal year-end 2024, from approximately $34 million in aggregate 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 approximately $16 million from fiscal year-end 2025. Cash and cash equivalents totaled $16.7 million, with total cash including segregated customer and PAB reserve cash at approximately $41.2 million.

Wilson-Davis & Co., Inc., the company’s full-service correspondent broker-dealer subsidiary, ended the quarter with net capital of approximately $15.2 million, about 50% higher than at the time of the company’s acquisition of Wilson-Davis in early 2024. During and after the quarter, AtlasClear signed or actively onboarded five correspondent clearing relationships, with additional relationships in late-stage development.

“Wilson-Davis is performing, and the correspondent pipeline is the leading indicator of where the business is heading,” said Craig Ridenhour, President of AtlasClear. “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.”

The company also submitted a formal application to the Federal Reserve and Wyoming Division of Banking for the proposed acquisition of Commercial Bancorp of Wyoming, and 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.

Fiscal year-to-date interest expense declined 33% to $4.6 million from $6.9 million in the prior-year period, reflecting the company’s 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 company’s strengthened balance sheet and liquidity profile position AtlasClear to continue executing its operational and strategic growth initiatives. The earnings conference call is scheduled for Thursday, May 14, 2026, at 8:30 AM ET. A webcast can be accessed at https://viavid.webcasts.com/starthere.jsp?ei=1763076&tp_key=54dd59e2e8.

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