Revenue miss vs consensus is the headline risk, but the underlying business is showing real growth in securities lending and correspondent clearing. Watch the earnings call on May 14 for guidance on Q4 revenue trajectory and updates on the two pending acquisitions (Commercial Bancorp of Wyoming, Dawson James). The balance sheet repair is substantial and removes near-term distress risk.
Price Chart
Executive Summary
AtlasClear Holdings reported fiscal Q3 2026 revenue of $4.2M, up 65% YoY from $2.5M, and fiscal YTD net income of $4.4M ($0.05/diluted share) vs a net loss of $(0.02)/share in the prior-year period. Revenue missed the consensus estimate of $5.2M by ~19%, but the company highlighted strong balance sheet repair (equity improved to $22.3M from a $(6.8)M deficit), a growing securities lending business ($3.0M YTD), and five correspondent relationships signed or onboarding.
Key Financial Metrics
Key Facts
- Q3 revenue $4.2M, +65% YoY from $2.5M, but missed $5.2M consensus by ~19%
- Fiscal YTD net income $4.4M ($0.05/diluted) vs net loss $(0.02)/share prior-year period
- Stockholders' equity improved to $22.3M from $(6.8)M deficit at fiscal year-end 2025
- Stock locate and securities lending revenue $1.4M in Q3, $3.0M YTD vs effectively zero prior year
- Legacy de-SPAC liabilities reduced >95% from ~$34M to under $1M since FYE 2024
- Cash and equivalents $16.7M; total cash including segregated customer cash ~$41.2M
- Five correspondent clearing relationships signed or actively onboarding
- Pending acquisitions of Commercial Bancorp of Wyoming (Fed application submitted) and Dawson James Securities (LOI executed)
Financial Impact
Revenue of $4.2M missed consensus of $5.2M by ~$1M (19% miss); YTD net income of $4.4M vs prior-year loss of $(0.02)/share
Risk Factors
- Revenue miss vs consensus may pressure the stock near-term
- Pending acquisitions subject to regulatory approvals (Federal Reserve, FINRA)
- Company is still small and unprofitable on a GAAP basis for the quarter (YTD only profitable)
- Legacy de-SPAC overhang largely resolved but litigation or residual liabilities could emerge
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001493152-26-022783 |
| Document: form8-k.htm | 0001493152-26-022783 |
| Document: 0001493152-26-022783-index-headers.html | 0001493152-26-022783 |
| Document: 0001493152-26-022783-index.html | 0001493152-26-022783 |
| Document: 0001493152-26-022783.txt | 0001493152-26-022783 |
| 8-K Data (Synthetic) | 0001493152-26-022783 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Jun 8, 2026 19w ago | S-3 | — | awaiting T+20 | — | — |
Jun 1, 2026 20w ago | 8-K | — | awaiting T+20 | — | — |
May 13, 2026 23w ago | 8-K | — | awaiting T+20 | — | — |
May 12, 2026 23w ago | DEFA14A | — | awaiting T+20 | — | — |
US Market Status
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