AtlasClear Holdings, Inc. (NYSE American: ATCH), a technology-enabled financial services platform, announced financial results for its fiscal third quarter ended March 31, 2026, revealing a 65% year-over-year increase in revenue to $4.2 million. The company also reported fiscal year-to-date revenue growth of 67% to $13.5 million, compared to $8.1 million in the prior-year period. This growth was driven by a significant expansion in stock locate and securities lending revenue, which reached $3.0 million year-to-date, up from effectively zero in the comparable prior-year periods.
AtlasClear made substantial progress in strengthening 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, and cash and cash equivalents totaled $16.7 million, with total cash including segregated customer and PAB reserve cash reaching approximately $41.2 million.
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. The company continued to expand its securities lending and stock locate operations, leveraging Wilson-Davis & Co.'s correspondent-clearing capability.
“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 of AtlasClear. “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.”
Wilson-Davis & Co., a wholly owned subsidiary, ended the quarter with net capital of approximately $15.2 million, roughly 50% higher than at the time of its acquisition in early 2024. 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 nine-month period. Interest expense declined 33% to $4.6 million from $6.9 million in the prior-year period, reflecting debt reduction actions.
“Wilson-Davis is performing, and the correspondent pipeline is the leading indicator of where the business is heading,” said Craig Ridenhour, President of AtlasClear. “Securities lending has gone from immaterial to a $3.0 million year-to-date contributor on the back of deliberate operational build-out. We expect that combination of execution and pipeline to define the next several quarters.”
For more information on AtlasClear's strategy and market perspective, subscribe to the company's YouTube channel and watch the Clearing the View by AtlasClear video series. Additional updates are available in the company's newsroom.
