AtlasClear Holdings, Inc. (NYSE American: ATCH) reported financial results for its fiscal third quarter ended March 31, 2026, demonstrating significant progress in its transformation into a technology-enabled financial services platform. Revenue for the quarter increased 65% year-over-year 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, up from $8.1 million in the comparable period. The company also posted net income of $4.4 million, or $0.05 per diluted share, a turnaround from a net loss per share of $(0.02) in the prior-year nine-month period.
Executive Chairman John Schaible emphasized that the quarter marks AtlasClear's clearest demonstration of its platform taking commercial shape. The company has moved from balance sheet repair to operational scaling, with pending acquisitions intended to expand earnings capacity, operating leverage, and service capabilities across clearing, capital markets, and banking. President Craig Ridenhour noted that Wilson-Davis is performing and that the correspondent pipeline is a leading indicator of where the business is heading. Securities lending has become a significant contributor, generating $1.4 million in the quarter and $3.0 million year-to-date, compared to effectively zero in prior-year periods.
AtlasClear made substantial progress in strengthening 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, from 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. Wilson-Davis ended the quarter with net capital of approximately $15.2 million, about 50% higher than at the time of its acquisition in early 2024.
Strategically, 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. The company continues to expand securities lending and stock locate operations and invest in operational infrastructure, compliance, technology systems, and personnel to support scaling.
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. The company will hold an earnings conference call on Thursday, May 14, 2026, at 8:30 AM ET. Participants can access the webcast at this link or dial in at 1-877-407-0752. The company's newsroom is available at https://tinyurl.com/atchnewsroom.
