AtlasClear Holdings, Inc. (NYSE American: ATCH) reported financial results for its fiscal third quarter ended March 31, 2026, showing 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, driven by growth in stock locate and securities lending revenue, which reached $3.0 million year-to-date versus near zero in the prior year.
The company made substantial progress in repairing its balance sheet. 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 approximately $16 million from fiscal year-end 2025. Cash and cash equivalents totaled $16.7 million, while total cash including segregated customer and PAB reserve cash was approximately $41.2 million.
Fiscal year-to-date net income reached $4.4 million, or $0.05 per diluted share, compared to a net loss per share of $(0.02) in the prior-year nine-month period. Interest expense declined 33% to $4.6 million from $6.9 million, reflecting debt reduction actions. Wilson-Davis & Co., Inc., AtlasClear'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.
Operationally, the company signed or is actively onboarding five correspondent clearing relationships, with additional relationships in late-stage development. AtlasClear 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, structured in two steps to accommodate FINRA requirements. The company continued expanding securities lending and stock locate operations, leveraging Wilson-Davis's correspondent-clearing capability, and invested in operational infrastructure, compliance, technology systems, and personnel to support scaling.
Management views these results as evidence of the platform taking commercial shape. 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. 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.”
The company's strengthened balance sheet and liquidity profile, including the $20 million structured capital raise completed in October, position it to continue executing on operational and strategic growth initiatives without near-term equity dilution. A conference call to discuss results is scheduled for May 14, 2026, at 8:30 AM ET. A webcast and replay will be available via ViaVid.
