AtlasClear Holdings, Inc. (NYSE American: ATCH), a technology-enabled financial services platform modernizing trading, clearing, settlement, and banking infrastructure, announced financial results for its fiscal third quarter ended March 31, 2026, highlighting a 65% year-over-year revenue increase to $4.2 million and significant balance sheet improvements.
Revenue for the quarter rose to $4.2 million from $2.5 million in the prior-year quarter, while fiscal year-to-date revenue increased 67% to $13.5 million from $8.1 million. The company reported net income of $4.4 million, or $0.05 per diluted share, for the nine-month period, 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, up from effectively zero in comparable prior-year periods, reflecting deliberate operational build-out.
AtlasClear 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, and total cash including segregated customer and PAB reserve cash was approximately $41.2 million. Wilson-Davis & Co., Inc., the company's broker-dealer subsidiary, ended the quarter with net capital of approximately $15.2 million, about 50% higher than at the time of acquisition in early 2024.
Operationally, AtlasClear signed or is actively onboarding five correspondent clearing relationships, with additional relationships in late-stage development. The company 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 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 and invested in operational infrastructure, compliance, technology systems, and personnel to support scaling.
Management emphasized the transition from balance sheet repair to operational scaling. John Schaible, Executive Chairman, stated that the platform is taking commercial shape and that pending acquisitions are intended to expand the company's capabilities. Craig Ridenhour, President, noted that the correspondent pipeline and securities lending growth are leading indicators of future business direction.
The company's strengthened balance sheet and liquidity profile, supported by a $20 million structured capital raise completed in October, position AtlasClear to continue executing operational and strategic growth initiatives without near-term equity dilution. Fiscal year-to-date interest expense declined 33% to $4.6 million from $6.9 million, reflecting debt reduction actions.
For more information, the earnings conference call will be held on May 14, 2026, at 8:30 AM ET, accessible via webcast at https://viavid.webcasts.com/starthere.jsp?ei=1763076&tp_key=54dd59e2e8 or by dial-in at 1-877-407-0752. The latest news and updates relating to $ATCH are available in the company's newsroom at https://tinyurl.com/atchnewsroom.
