AtlasClear Holdings, Inc. (NYSE American: ATCH) reported financial results for its fiscal third quarter ended March 31, 2026, demonstrating strong revenue growth and balance sheet improvement. 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, a turnaround from a net loss per share of $(0.02) in the prior-year nine-month period. This improvement was driven by growth in core operations and cost management. 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, highlighting successful operational build-out.
AtlasClear made substantial progress in reducing legacy de-SPAC liabilities, cutting them 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. The company ended the quarter with cash and cash equivalents of $16.7 million, and total cash including segregated customer and PAB reserve cash of approximately $41.2 million. Wilson-Davis & Co., Inc., its subsidiary, ended the quarter with net capital of approximately $15.2 million, about 50% higher than at the time of acquisition in early 2024.
Management highlighted the quarter as a clear demonstration of commercial progress. John Schaible, Executive Chairman, stated, “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.” Craig Ridenhour, President, added, “Securities lending has gone from immaterial to a $3.0 million year-to-date contributor on the back of deliberate operational build-out.”
Strategically, AtlasClear signed or actively onboarded five correspondent clearing relationships and submitted a formal application to the Federal Reserve and Wyoming Division of Banking for the proposed acquisition of Commercial Bancorp of Wyoming. The company also executed a Letter of Intent to acquire Ark Financial Services and its broker-dealer subsidiary, Dawson James Securities. These moves are intended to expand the company's platform capabilities and correspondent network.
The company will host an earnings conference call on Thursday, May 14, 2026, at 8:30 AM ET. Participants can access the webcast at https://viavid.webcasts.com/starthere.jsp?ei=1763076&tp_key=54dd59e2e8 or dial in at 1-877-407-0752. A replay will be available through May 28, 2026, at 1-844-512-2921 with Access ID 13760588.
With a strengthened balance sheet and liquidity profile, AtlasClear is positioned to continue executing on its operational and strategic growth initiatives without near-term equity dilution. The company’s focus on correspondent clearing, securities lending, and pending acquisitions underscores its commitment to building a vertically integrated financial services platform for emerging financial institutions and fintechs.
