AtlasClear Holdings, Inc. (NYSE American: ATCH) announced financial results for its fiscal third quarter ended March 31, 2026, revealing a 65% year-over-year revenue increase to $4.2 million, compared to $2.5 million in the prior-year quarter. The company reported fiscal year-to-date revenue of $13.5 million, up 67% from $8.1 million in the comparable period. Net income for the nine-month period reached $4.4 million, or $0.05 per diluted share, versus a net loss per share of $(0.02) in the prior year. The results underscore AtlasClear’s transition from balance sheet repair to operational growth, driven by its technology-enabled financial services platform.
“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. “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 company’s stock locate and securities lending revenue reached $1.4 million in the quarter and $3.0 million year-to-date, a notable increase from effectively zero in prior periods. This growth reflects deliberate operational build-out, according to President Craig Ridenhour.
Significant balance sheet improvements included a reduction of legacy de-SPAC liabilities 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, and 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 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.
Strategically, AtlasClear signed or is actively onboarding five correspondent clearing relationships, with additional relationships in late-stage development. The company 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. Management believes these moves will enhance the platform’s integrated suite of brokerage, clearing, risk management, and commercial banking solutions.
“Wilson-Davis is performing, and the correspondent pipeline is the leading indicator of where the business is heading,” said Ridenhour. “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 reduced fiscal year-to-date interest expense by 33% to $4.6 million from $6.9 million, reflecting debt reduction actions. A $20 million structured capital raise completed in October provides liquidity for continued execution without near-term equity dilution.
AtlasClear will host an earnings conference call on May 14, 2026, at 8:30 AM ET. Details are available via webcast at this link or by dialing 1-877-407-0752. The company’s latest news and updates are available in its newsroom at https://tinyurl.com/atchnewsroom.
