AtlasClear Holdings, Inc. (NYSE American: ATCH) reported financial results for the fiscal third quarter ended March 31, 2026, showing a 65% year-over-year increase in revenue 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. The company achieved net income of $4.4 million, or $0.05 per diluted share, versus a net loss per share of $(0.02) in the prior-year period.
Executive Chairman John Schaible said, "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." The company 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 $(6.8) million deficit at fiscal year-end 2025.
President Craig Ridenhour noted, "Securities lending has gone from immaterial to a $3.0 million year-to-date contributor on the back of deliberate operational build-out." 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 prior-year periods. 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.
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. More details on these initiatives are available in the company's newsroom at https://tinyurl.com/atchnewsroom.
Total assets increased to $73.9 million, and interest expense declined 33% year-to-date to $4.6 million from $6.9 million. Cash and cash equivalents totaled $16.7 million, with total cash including segregated customer and PAB reserve cash at approximately $41.2 million. The company's strengthened balance sheet and liquidity position support continued execution on operational and strategic growth initiatives without near-term equity dilution.
The earnings conference call is scheduled for Thursday, May 14, 2026, at 8:30 AM ET. A webcast can be accessed at https://viavid.webcasts.com/starthere.jsp?ei=1763076&tp_key=54dd59e2e8.
