AtlasClear Holdings, Inc. (NYSE American: ATCH) reported financial results for its fiscal third quarter ended March 31, 2026, showcasing a 65% year-over-year revenue increase 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 posted fiscal year-to-date net income of $4.4 million, or $0.05 per diluted share, versus a net loss per share of $(0.02) in the prior-year period.
The results underscore AtlasClear's transition from balance sheet repair to operational scaling. Executive Chairman John Schaible stated, "This quarter marks AtlasClear's clearest demonstration yet that the platform we set out to build is taking commercial shape." The company has made significant progress in reducing 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 from a $(6.8) million deficit, while total liabilities declined by approximately $16 million from fiscal year-end 2025.
A key growth driver was the stock locate and securities lending business, which generated $1.4 million in the quarter and $3.0 million year-to-date, compared to effectively zero in prior-year periods. President Craig Ridenhour noted, "Securities lending has gone from immaterial to a $3.0 million year-to-date contributor on the back of deliberate operational build-out." Wilson-Davis & Co., the company's broker-dealer subsidiary, ended the quarter with net capital of approximately $15.2 million, 50% higher than at the time of its acquisition 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 and executed a Letter of Intent to acquire Ark Financial Services and its broker-dealer subsidiary, Dawson James Securities. These acquisitions are intended to expand earnings capacity and service capabilities across clearing, capital markets, and banking.
The company's balance sheet has strengthened considerably. Total assets increased to $73.9 million, and cash and cash equivalents totaled $16.7 million, with total cash including segregated customer and PAB reserve cash at approximately $41.2 million. Interest expense declined 33% year-to-date to $4.6 million from $6.9 million, reflecting debt reduction actions. A $20 million structured capital raise completed in October supports continued execution without near-term equity dilution.
Management believes the company is well-positioned for future growth. As Schaible concluded, "The pieces are increasingly coming together. The next phase is execution." For more details, the earnings conference call is scheduled for May 14, 2026, at 8:30 AM ET. A webcast is available at this link, and a replay will be available through May 28, 2026. Further information is accessible at the company's newsroom at https://tinyurl.com/atchnewsroom.
