AtlasClear Holdings, Inc. (NYSE American: ATCH) announced financial results for the fiscal year ended June 30, 2026, in a Form 8-K filed on September 23, 2026. The company reported total revenue of $20.1 million for fiscal 2026, an increase of 85% compared to $10.9 million in fiscal 2025. This growth was driven by a 56% increase in commission revenue to $9.3 million and a significant expansion in stock locate revenue to $6.8 million, up from $0.3 million in the prior year.
Non-commission sources accounted for approximately 54% of total revenue in fiscal 2026, compared to 45% in fiscal 2025. Despite the revenue growth, the company reported a loss from operations of $9.8 million, an increase from $4.9 million in fiscal 2025. This increase was attributed to higher variable compensation, data processing, clearing, and stock locate costs, as well as $3.6 million in non-cash stock-based compensation related to executive employment agreements entered into in September 2025.
GAAP net income for fiscal 2026 was $2.0 million, or $0.02 per basic and diluted share, marking the company's second consecutive year of positive GAAP net income. This result included substantial non-cash fair-value gains, most notably an $11.1 million gain on the change in fair value of the earnout liability. The company ended the fiscal year with cash and cash equivalents totaling $15.4 million, more than double the $7.5 million reported at June 30, 2025. Total assets increased to $71.2 million, and stockholders' equity improved to $21.1 million from a deficit of $(6.8) million at the end of fiscal 2025.
AtlasClearing, the company's wholly owned correspondent clearing subsidiary, reported a net capital increase of 29% to $14.4 million. The company signed clearing agreements with six new correspondent broker-dealers during fiscal 2026, with the sixth agreement executed in September 2026 following the fiscal year-end. Management concluded that substantial doubt about the company's ability to continue as a going concern had been alleviated, and that internal control over financial reporting was effective as of June 30, 2026.
AtlasClear also noted that it did not utilize an at-the-market program or equity line financing during fiscal 2026. The company remains committed to its planned acquisition of Commercial Bancorp of Wyoming, the parent company of Farmers State Bank, though the parties withdrew pending regulatory applications and expect to refile them at an appropriate time.
