AtlasClear Holdings, Inc. (ATCH): SAtlasClear Holdings Reports Preliminary Fiscal 2026 Revenue of Approximately $20.1 Million, Up 85%; Revenue Plus Interest Income of Approximately $21.9 Million
AtlasClear Holdings, Inc. (ATCH) filed an SEC Form 8-K — Results of Operations and Financial Condition. Exhibit 99.1 SAtlasClear Holdings Reports Preliminary Fiscal 2026 Revenue of Approximately $20.1 Million, Up 85%; Revenue Plus Interest Income of Approximately $21.9 Million ● Stock Locate Fees Grow More Than 20-Fold to Approximately $6.8 Million; Commissions Up Approximately 56%
How this was made
The 30-second read
Why it matters
Traders can use the projected revenue mix, profitability, and net capital buffer to update expectations ahead of the company’s full 10-K and conference call later in September.
Market read
The company projects a major FY2026 revenue jump, improved cash and equity, and higher broker-dealer net capital, with growth driven by commissions and a scaled stock-locate business.
What to watch
Stock-locate fees are treated as non-allowable assets until collected, so cash conversion and net capital utilization could be key swing factors; also, six new correspondents are signed but not yet contributing revenue in FY2026, making FY2027 the real test.
AtlasClear Holdings Reports Preliminary Fiscal 2026 Revenue of Approximately $20.1 Million, Up 85%; Revenue Plus Interest Income of Approximately $21.9 Million
Preliminary fiscal 2026 revenue increased approximately 85%, driven by commission growth and rapid scaling of stock locate fees, while cash, equity and broker-dealer net capital improved. The release remains preliminary and unaudited, net income includes non-cash fair-value gains, and the six newly signed correspondents did not make meaningful revenue contributions during fiscal 2026.
Key metrics
as reported| Metric | Value | q/q | y/y |
|---|---|---|---|
| Total revenues, fiscal 2026GAAP | approximately $20.1 million | – | approximately 85% |
| Interest income, fiscal 2026GAAP | approximately $1.8 million | – | – |
| Total revenues plus interest income, fiscal 2026non-GAAP | approximately $21.9 million | – | approximately 70% |
| AtlasClearing, Inc. total revenues, fiscal year ended June 30, 2026other | approximately $21.8 million | – | – |
| Commission revenue, fiscal 2026GAAP | approximately $9.3 million | – | approximately 56% |
| Stock locate fees, fiscal 2026GAAP | approximately $6.8 million | – | more than 20-fold |
| Stock locate fees as a percentage of total revenues, fiscal 2026GAAP | approximately 34% | – | – |
| Net gains on firm trading accounts, fiscal 2026GAAP | approximately $0.5 million | – | – |
| Commission revenue as a percentage of total revenues, fiscal 2026GAAP | approximately 46% | – | – |
| Non-commission revenue lines as a percentage of total revenues, fiscal 2026GAAP | approximately 54% | – | – |
| Net income, fiscal 2026GAAP | approximately $2.0 million | – | – |
| Cash and cash equivalents, June 30, 2026other | approximately $15.4 million | – | more than double |
| Total stockholders’ equity, June 30, 2026other | approximately $21.1 million | – | – |
| Total liabilities, June 30, 2026other | approximately $50.1 million | – | a reduction of approximately $17.6 million |
| AtlasClearing, Inc. net capital, June 30, 2026other | approximately $14.4 million | – | approximately 28% |
| AtlasClearing, Inc. net capital above its minimum requirement, June 30, 2026other | approximately $14.1 million | – | – |
| Shares outstanding, June 30, 2026other | approximately 150.3 million | – | – |
| Shares outstanding, as of the date of this releaseother | approximately 151.8 million | – | – |
Segments
| Segment | Revenue | q/q | y/y |
|---|---|---|---|
| Commission revenueGrowth came from the core commission business. | approximately $9.3 million | – | approximately 56% |
| Stock locate feesA business the Company launched and scaled during fiscal 2026. | approximately $6.8 million | – | more than 20-fold |
| Net gains on firm trading accountsContributed to fiscal 2026 revenue. | approximately $0.5 million | – | – |
Capital returns
- The Company sold no shares under its equity line facility during fiscal 2026.
- The Company has not conducted any at-the-market offering or other dilutive capital raise since its October 2025 institutional unit financing.
What drove it
- Total revenues increased approximately 85% to approximately $20.1 million.
- Commission revenue increased approximately 56% to approximately $9.3 million.
- Stock locate fees increased to approximately $6.8 million from approximately $0.3 million and represented approximately 34% of total revenues.
- Non-commission revenue lines represented approximately 54% of total revenues, compared with 45% in fiscal 2025.
- AtlasClearing signed clearing agreements with six new correspondent broker-dealers that are in various stages of onboarding and conversion.
Concerns
- The fiscal 2026 results are preliminary and unaudited, subject to completion of financial closing procedures and audit, and actual results may differ materially.
- Net income of approximately $2.0 million includes non-cash gains from changes in the fair value of the Company’s financial instruments.
- Fiscal 2026 results include no meaningful revenue from the six newly signed correspondent broker-dealer relationships.
- Unsecured receivables from other broker-dealers for stock locate fees are deducted from net capital until collected.
- The release did not provide gross margin, operating income, EPS, operating cash flow, free cash flow, debt, or tax-rate figures.
What to watch
- The Company expects to file its Annual Report on Form 10-K for the fiscal year ended June 30, 2026 and report full fiscal 2026 financial results by September 28, 2026.
- Completion of onboarding and conversion for the six new correspondent broker-dealers, which the Company expects to begin contributing during fiscal 2027.
- Whether stock locate receivables are collected and their effect on AtlasClearing net capital.
- The final audited fiscal 2026 results relative to the preliminary unaudited figures.
Balance sheet and cash flow
- Cash and cash equivalents were approximately $15.4 million at June 30, 2026, compared with $7.5 million a year earlier.
- Total stockholders’ equity was approximately $21.1 million, compared with a stockholders’ deficit of approximately $6.8 million at June 30, 2025.
- Total liabilities were approximately $50.1 million, a reduction of approximately $17.6 million.
- AtlasClearing, Inc. net capital was approximately $14.4 million at June 30, 2026, compared with $11.2 million a year earlier.
- Net capital is stated after deducting unsecured receivables from other broker-dealers for stock locate fees, which are treated as non-allowable assets until collected.
Analysis
AtlasClear reported preliminary, unaudited fiscal 2026 total revenues of approximately $20.1 million, up approximately 85% from $10.9 million in fiscal 2025. Interest income of approximately $1.8 million was presented in other income under GAAP, producing the company’s supplemental total-revenues-plus-interest-income measure of approximately $21.9 million, up approximately 70% from approximately $12.9 million. The separate audited annual report of AtlasClearing reported approximately $21.8 million of total revenues because it includes interest income within revenues.
The revenue mix changed materially during the year. Commission revenue increased approximately 56% to approximately $9.3 million, but its share of total revenues declined to approximately 46% from approximately 55% in fiscal 2025. Stock locate fees increased to approximately $6.8 million from approximately $0.3 million and accounted for approximately 34% of total revenues. Non-commission revenue lines consequently represented approximately 54% of total revenues, compared with 45% in fiscal 2025. Net gains on firm trading accounts contributed approximately $0.5 million.
The company expects to report approximately $2.0 million of net income, its second consecutive year of positive net income, although this result includes non-cash gains from changes in the fair value of financial instruments. Liquidity and capital measures improved: cash and cash equivalents were approximately $15.4 million versus $7.5 million a year earlier, stockholders’ equity was approximately $21.1 million versus a prior stockholders’ deficit of approximately $6.8 million, and total liabilities were approximately $50.1 million following a reduction of approximately $17.6 million. AtlasClearing net capital rose to approximately $14.4 million from $11.2 million, approximately $14.1 million above its minimum requirement.
Capital discipline was a stated feature of the year. The company sold no shares under its equity line facility during fiscal 2026 and has not conducted an at-the-market offering or other dilutive capital raise since its October 2025 institutional unit financing. It had approximately 150.3 million shares outstanding at June 30, 2026 and approximately 151.8 million as of the release date. AtlasClearing has signed six new correspondent broker-dealer agreements, but those relationships generated no meaningful fiscal 2026 revenue. Their conversion and contribution during fiscal 2027, together with collection of stock locate receivables that are deducted from net capital until collected, are central items to monitor.
The release provides no quantitative financial outlook. Management expects to file its fiscal 2026 Form 10-K and report full results by September 28, 2026. The final filing is important because the current figures are preliminary and unaudited, may differ materially from audited results, and do not disclose several core profitability and cash-flow measures, including gross margin, operating income, EPS, operating cash flow and free cash flow.
Management, verbatim
Fiscal 2026 was a breakout year for AtlasClear. Revenue increased approximately 85% to roughly $20.1 million, and including interest income the business generated approximately $21.9 million.
John Schaible, Executive Chairman of AtlasClear Holdings
Commissions grew more than 50%, stock locate went from a standing start to nearly $7 million, and net capital finished the year up more than $3 million. Six new correspondents have signed and none of their revenue is in these numbers yet.
Craig Ridenhour, President of AtlasClear Holdings and Chairman of AtlasClearing, Inc.
Not in the filing
stated, not guessed- GAAP gross margin
- GAAP operating income or loss
- Non-GAAP operating income or loss
- GAAP diluted EPS
- Non-GAAP diluted EPS
- Operating cash flow
- Free cash flow
- Debt
- Tax rate
- Dividend information
- Share repurchase information
- Quantitative financial guidance
- Prior-year net income
- Prior-year total liabilities
- Prior-year interest income
- Prior-year commission revenue
- Prior-year net gains on firm trading accounts
AlphAI analysis generated from the company’s SEC earnings filing (Form 8-K Item 2.02, or Form 6-K for a foreign private issuer). Every figure was cross-checked against the filing text; consensus estimates, price targets and share-price reactions are not shown because they are not in the filing. AI-generated research, not investment advice.
Background
The filing is an SEC 8-K (Item 2.02) providing preliminary unaudited FY2026 operating and financial condition metrics for AtlasClear and its broker-dealer subsidiary, AtlasClearing.
Ticker impact
AtlasClear (ATCH) filed an 8-K with preliminary FY2026 results, projecting revenue of about $20.1M (+85%) and net income about $2.0M.
Likely positive bias for ATCH into the full 10-K, with volatility around any revisions to preliminary figures and capital/net capital details.
The disclosure includes multiple quantified operating and balance-sheet metrics (revenue, commission vs stock-locate mix, cash, equity, liabilities, and broker-dealer net capital), but remains preliminary and unaudited, limiting certainty on magnitude and timing of follow-through.
Market effects
Supports the narrative that regulated clearing/broker-dealer infrastructure providers can scale newer revenue lines (stock locate) without dilutive financing, potentially improving sentiment toward similar micro/small-cap market-structure plays.
Limited, primarily US small-cap/NYSE American liquidity and sentiment effects.
Low; the disclosure is company-specific with no direct cross-border policy or macro linkage.
Counterpoint
Because results are preliminary and unaudited, the market may discount the projections and focus on whether stock-locate net capital treatment and onboarding timelines for new correspondents translate into sustained earnings power.
Key entities
- issuerAtlasClear Holdings, Inc.
NYSE American-listed company providing regulated financial infrastructure; subject of the 8-K preliminary FY2026 results.
- subsidiaryAtlasClearing, Inc.
Broker-dealer subsidiary whose audited annual report (filed Aug. 31, 2026) informs interest income and net capital context.
- regulator/clearinghouseNational Securities Clearing Corporation
Referenced for the $10M excess net capital threshold relevant to AtlasClearing’s clearing operations.
