AtlasClear Holdings, Inc. (NYSE American: ATCH) on Wednesday 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. The company also posted fiscal year-to-date revenue of $13.5 million, up 67% from $8.1 million in the same period last year.
Net income for the nine-month period reached $4.4 million, or $0.05 per diluted share, a significant turnaround from a net loss of $(0.02) per share in the prior-year period. The improvement was largely driven by the scaling of stock locate and securities lending operations, which generated $1.4 million in the quarter and $3.0 million year-to-date, compared to effectively zero in the comparable prior-year periods.
The company made substantial progress in repairing its balance sheet, 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 as of March 31, 2026, compared to a deficit of $(6.8) million as of June 30, 2025. Total liabilities declined by approximately $16 million from fiscal year-end 2025.
Cash and cash equivalents stood at $16.7 million, while total cash including segregated customer and PAB reserve cash was approximately $41.2 million. Wilson-Davis & Co., the company's broker-dealer subsidiary, ended the quarter with net capital of approximately $15.2 million, about 50% higher than at the time of its acquisition in early 2024.
“This quarter marks AtlasClear's clearest demonstration yet that the platform we set out to build is taking commercial shape,” said John Schaible, Executive Chairman. “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.”
Operationally, the company signed or is actively onboarding five correspondent clearing relationships, with additional relationships in late-stage development. It 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. The company continued to invest in operational infrastructure, compliance, technology systems, and personnel to support scaling.
Interest expense declined 33% year-to-date to $4.6 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. Management believes the strengthened balance sheet and liquidity profile position the company to execute on its operational and strategic growth initiatives.
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