AtlasClear Holdings, Inc. (NYSE American: ATCH) reported financial results for its fiscal third quarter ended March 31, 2026, revealing a 65% year-over-year revenue increase to $4.2 million, up from $2.5 million in the prior-year quarter. The technology-enabled financial services platform, which is modernizing trading, clearing, settlement, and banking infrastructure, also reported fiscal year-to-date revenue growth of 67% to $13.5 million, compared to $8.1 million in the same period last year.
Company executives highlighted significant progress in balance sheet repair and operational scaling. Legacy de-SPAC liabilities were reduced 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 totaled $16.7 million, with total cash including segregated customer and PAB reserve cash at approximately $41.2 million.
“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.”
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 comparable prior-year periods, reflecting deliberate operational build-out. “Securities lending has gone from immaterial to a $3.0 million year-to-date contributor on the back of deliberate operational build-out,” said Craig Ridenhour, President of AtlasClear. “We expect that combination of execution and pipeline to define the next several quarters.”
The company’s subsidiary, Wilson-Davis & Co., Inc., ended the quarter with net capital of approximately $15.2 million, about 50% higher than at the time of its acquisition in early 2024. AtlasClear has 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.
Fiscal year-to-date net income was $4.4 million, or $0.05 per diluted share, compared to a net loss per share of $(0.02) in the prior-year period. Interest expense declined 33% to $4.6 million from $6.9 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 AtlasClear to continue executing its operational and strategic growth initiatives. The company will hold an earnings conference call on May 14, 2026, at 8:30 AM ET; the webcast is available at this link.
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