AtlasClear Holdings, Inc. (NYSE American: ATCH) announced financial results for its fiscal third quarter ended March 31, 2026, demonstrating significant progress in its transformation from a de-SPAC entity to a growing financial services platform. Revenue for the quarter increased 65% year-over-year 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, up from $8.1 million in the same period last year.
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, reflecting deliberate operational build-out.
Executive Chairman John Schaible said: "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."
The company made substantial progress in resolving legacy obligations from the de-SPAC transaction. 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 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 was approximately $41.2 million.
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 the company's acquisition of Wilson-Davis in early 2024.
Operationally, AtlasClear signed or is actively onboarding five correspondent clearing relationships, with additional relationships in late-stage development. 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. Additionally, it 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.
President Craig Ridenhour 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."
Total assets increased to $73.9 million, and fiscal year-to-date interest expense declined 33% to $4.6 million from $6.9 million, reflecting debt reduction actions. The $20 million structured capital raise completed in October, combined with current liquidity, supports continued execution without near-term equity dilution.
An earnings conference call is scheduled for Thursday, May 14, 2026, at 8:30 AM ET. The webcast can be accessed at this link, and the telephone replay will be available through May 28, 2026, at 1-844-512-2921 or 1-412-317-6671 with access ID 13760588.
AtlasClear's strengthened balance sheet and liquidity profile position the company to continue executing its operational and strategic growth initiatives, as outlined in its filings with the Securities and Exchange Commission, including its Quarterly Report on Form 10-Q for the quarter ended March 31, 2026. The latest news and updates relating to $ATCH are available in the company's newsroom at https://tinyurl.com/atchnewsroom.
