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 revenue increase to $4.2 million, compared to $2.5 million in the prior-year quarter. Fiscal year-to-date revenue rose 67% to $13.5 million from $8.1 million in the same period last year, underscoring the company's transition from balance sheet repair to operational scaling.
The company reported fiscal year-to-date net income of $4.4 million, or $0.05 per diluted share, compared to a net loss per share of $(0.02) in the prior-year period. Stock locate and securities lending revenue reached $1.4 million in the quarter and $3.0 million year-to-date, a significant increase from effectively zero in comparable prior-year periods, driven by deliberate operational build-out at its subsidiary Wilson-Davis & Co., Inc.
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 about $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 at approximately $41.2 million.
Wilson-Davis ended the quarter with net capital of approximately $15.2 million, about 50% higher than at the time of the company's acquisition in early 2024. 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."
Operationally, the company signed or is actively onboarding five correspondent clearing relationships, with additional relationships in late-stage development. It 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. These acquisitions are intended to expand the company's earnings capacity, operating leverage, and service capabilities across clearing, capital markets, and banking.
The company also continued expansion of 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. President Craig Ridenhour noted, "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."
Management believes the strengthened balance sheet and liquidity profile position AtlasClear to continue executing its operational and strategic growth initiatives without near-term equity dilution, following a $20 million structured capital raise completed in October 2025. The company will hold an earnings conference call on Thursday, May 14, 2026, at 8:30 AM ET, accessible via webcast at https://viavid.webcasts.com/starthere.jsp?ei=1763076&tp_key=54dd59e2e8.
