AtlasClear Holdings, Inc. (NYSE American: ATCH) announced financial results for its fiscal second quarter ended December 31, 2025, demonstrating substantial operational momentum and financial improvement. The company reported revenue of $5.1 million, representing an 84% increase compared to $2.7 million in the prior-year quarter. This growth was primarily driven by increased commission activity, expanded stock locate and fully paid lending services, and Wilson-Davis & Co., Inc. serving as a selling agent in at-the-market offerings.
The company achieved net income of $6.8 million for the quarter, primarily driven by operating growth and non-cash fair value adjustments. More significantly, AtlasClear turned stockholders' equity positive to $21.7 million, compared to a deficit of $(6.8) million as of June 30, 2025. This represents an improvement of approximately $59.8 million compared to fiscal year-end June 30, 2024, reflecting disciplined capital actions and operational progress over the past twelve months.
Liquidity strengthened substantially with cash and restricted cash totaling $46.2 million at quarter end, including $23.1 million in cash and cash equivalents. Total assets increased to $77.6 million, compared to $60.9 million as of June 30, 2025. During the quarter, the company completed a $20 million financing consisting of a $10 million secured convertible note and a $10 million equity unit offering. Management believes these proceeds, together with anticipated cash flows from operations, provide sufficient liquidity to support operations for at least the next twelve months.
Wilson-Davis, the company's full-service correspondent broker-dealer subsidiary, delivered strong operating performance supported by growth in commissions, stock locate services, and clearing-related activity. The subsidiary ended the quarter with net capital of $14.7 million, exceeding regulatory requirements by $14.4 million, underscoring the platform's financial strength and stability. For more information about the company's financial technology platform, visit www.atlasclear.com.
Craig Ridenhour, President of AtlasClear Holdings, stated that efforts to strengthen operational infrastructure, improve efficiency, and reinforce capital position are now translating into measurable financial results, including top-line revenue growth and broader utilization of the platform. John Schaible, Executive Chairman, described the quarter as a clear turning point for the company, noting that AtlasClear is now operating from a position of strength as it continues to scale initiatives already underway.
Strategic progress during the quarter included expansion of correspondent clearing relationships, stock loan and margin-related services, and ancillary clearing offerings. Development of the AtlasClear technology platform remains ongoing, alongside progress toward the proposed acquisition of Commercial Bancorp of Wyoming, subject to regulatory approvals. The company's latest news and updates are available in its newsroom at https://tinyurl.com/atchnewsroom.
The financial results indicate AtlasClear's successful transition from a development phase to operational execution, with the company now positioned to capitalize on its integrated clearing and financial services strategy. The substantial improvement in stockholders' equity and strengthened liquidity provide the financial flexibility to support continued growth initiatives and technology development. For investors seeking additional information, the company's filings with the SEC, including its Form 10-Q for the quarter ended September 30, 2025, and its Annual Report on Form 10-K filed September 29, 2025, provide detailed financial disclosures.
This performance demonstrates the growing demand for modernized trading, clearing, settlement, and banking infrastructure among emerging financial institutions and fintechs. AtlasClear's technology-enabled approach appears to be gaining traction in the market, with the 84% revenue growth reflecting increased client activity and broader utilization of the platform's service offerings. The company's financial turnaround and strengthened position suggest it may play an increasingly significant role in the modernization of financial infrastructure in coming years.
