AtlasClear Holdings, Inc. (NYSE American: ATCH) reported financial results for its fiscal third quarter ended March 31, 2026, demonstrating significant revenue growth and balance sheet improvement as the technology-enabled financial services platform moves into an operational scaling phase. 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 from $8.1 million in the comparable period.
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 nine-month period. A key driver of growth was stock locate and securities lending revenue, which reached $1.4 million in the quarter and $3.0 million year-to-date, compared to effectively zero in the comparable prior-year periods. This segment has become a meaningful contributor to the company's top line, reflecting deliberate operational build-out.
Balance sheet and capital structure progress was substantial. Legacy de-SPAC liabilities were reduced by more than 95% since fiscal year-end 2024, from approximately $34 million in aggregate 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, while total cash including segregated customer and PAB reserve cash was approximately $41.2 million. Wilson-Davis & Co., Inc. ended the quarter with net capital of approximately $15.2 million, about 50% higher than at the time of the company's acquisition of Wilson-Davis in early 2024.
John Schaible, Executive Chairman of AtlasClear, commented, "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, and the pending acquisitions are intended to expand the Company's earnings capacity, operating leverage, and service capabilities across clearing, capital markets, and banking." Craig Ridenhour, President of AtlasClear, added, "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 on the back of deliberate operational build-out."
Strategically, the company signed or is actively onboarding five correspondent clearing relationships, with additional relationships in late-stage development. AtlasClear submitted a formal application to the Federal Reserve and Wyoming Division of Banking for the proposed acquisition of Commercial Bancorp of Wyoming. It also executed a Letter of Intent to acquire Ark Financial Services and its broker-dealer subsidiary, Dawson James Securities, structured in two steps to accommodate FINRA requirements. Continued investment in operational infrastructure, compliance, technology systems, and personnel supports scaling efforts.
Management believes the strengthened balance sheet and liquidity profile position AtlasClear to continue executing its operational and strategic growth initiatives. The company's progress in reducing debt and improving equity, combined with the growing correspondent pipeline and securities lending operations, underscores its transition from a de-SPAC turnaround story to a growth-focused financial services platform. The earnings conference call is scheduled for Thursday, May 14, 2026, at 8:30 AM ET, with a webcast available at this link.
