AtlasClear Holdings, Inc. (NYSE American: ATCH) announced financial results for its fiscal third quarter ended March 31, 2026, highlighting a 65% year-over-year revenue increase to $4.2 million, compared to $2.5 million in the prior-year quarter. For the nine-month period, revenue rose 67% to $13.5 million from $8.1 million, driven primarily by growth in stock locate and securities lending revenue, which reached $1.4 million in the quarter and $3.0 million year-to-date, up from effectively zero in comparable prior-year periods.
The company reported net income of $4.4 million, or $0.05 per diluted share, for the nine months ended March 31, 2026, compared to a net loss per share of $(0.02) in the prior-year period. This profitability milestone reflects operational scaling and balance sheet repair efforts that have significantly reduced 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 deficit of $(6.8) million at fiscal year-end 2025, while total liabilities declined by approximately $16 million.
Executive Chairman John Schaible commented, "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." President Craig Ridenhour added, "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."
During and after the quarter, AtlasClear continued executing its strategy to build an integrated financial services platform. The company signed or actively onboarded five correspondent clearing relationships, with additional relationships in late-stage development. It 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, structured in two steps to accommodate FINRA requirements. The company also continued expanding securities lending and stock locate operations and investing in operational infrastructure, compliance, technology systems, and personnel.
Cash and cash equivalents totaled $16.7 million, with total cash including segregated customer and PAB reserve cash of approximately $41.2 million. Wilson-Davis & Co., Inc. ended the quarter with net capital of approximately $15.2 million, about 50% higher than at the time of the company's acquisition in early 2024. Management believes the strengthened balance sheet and liquidity profile position AtlasClear to continue executing its operational and strategic growth initiatives without near-term equity dilution.
The company will hold an earnings conference call on Thursday, May 14, 2026, at 8:30 AM ET. A webcast is available at https://viavid.webcasts.com/starthere.jsp?ei=1763076&tp_key=54dd59e2e8. The telephone replay will be available through May 28, 2026, at 1-844-512-2921 or 1-412-317-6671, using access ID 13760588.
