0001493152-26-006549
SEC filingAtlasClear Holdings, Inc. (ATCH) reported Q2 2026 results for the period ending December 31, 2025, with total revenues of $5.1M driven by commissions ($3.1M), clearing fees ($582K), vetting fees ($352K), other revenue ($820K), and net gains on firm trading accounts ($206K). Despite operational loss of -$2.5M from total expenses of $7.5M (led by compensation $2.8M, regulatory fees $1.5M, stock compensation $1.2M), the company achieved net income of $6.8M, propelled by $9.4M in other income primarily from changes in fair value of derivatives including long-term/short-term note derivatives ($11.4M gain), earnout liability ($10.6M gain), and offset by interest expense ($2.8M) and warrant liability changes (-$1.8M). Balance sheet shows total assets $77.6M with cash equivalents $23.1M, current liabilities $33.2M including customer payables $24.2M and excise tax $2.6M, and stockholders' equity $21.7M. Cash increased $16.6M to $27.3M, funded by $17.7M financing inflows from secured convertible notes ($10.0M) and equity SPA ($5.8M), despite -$1.0M operating cash use. No prior period comparisons disclosed in filing.
AtlasClear Holdings, Inc. reported total revenues of $5.1M for the period ending December 31, 2025, comprising commissions $3.1M, vetting fees $352K, clearing fees $582K, net gain on firm trading accounts $206K, and other revenue $820K. Total expenses reached $7.5M, including compensation and benefits $2.8M, data processing $968K, regulatory fees $1.5M, and stock compensation $1.2M, resulting in operating loss of -$2.5M. Other income/expense of $9.4M featured significant non-cash gains from derivative fair value changes: long-term/short-term note derivatives $11.4M, earnout liability $10.6M, secured convertible note $1.8M, offset by interest expense $2.8M and warrant liability -$1.8M. Net income before taxes $7.0M, with tax benefit $196K yielding net income $6.8M. Basic shares 142.7M, diluted 162.9M, EPS $0. Total assets $77.6M, liabilities $55.9M, equity $21.7M. No prior period figures disclosed for direct QoQ comparison.
Revenues totaled $5.1M, primarily from commissions at $3.1M (61% of total), reflecting core brokerage activities. Clearing fees contributed $582K, vetting fees $352K indicating alternative revenue streams, with other revenue $820K and trading gains $206K providing diversification. No segment breakdowns or geographic disclosures provided. Growth drivers not specified in filing; revenue mix shows heavy reliance on commissions without prior period data for QoQ trends.
No gross profit explicitly stated; operational loss -$2.5M on $5.1M revenue implies negative operating margin of approximately -49%. Expenses dominated by compensation $2.8M (37% of total expenses), regulatory/professional fees $1.5M (20%), and stock compensation $1.2M (16%). Non-cash stock-based costs and amortization $356K impacted profitability. Net profitability swung positive due to $9.4M other income, predominantly derivative fair value changes, highlighting volatility from financial instruments rather than core operations.
Operating cash flow -$1.0M despite $6.8M net income, adjusted for $11.4M note derivative gains, $10.6M earnout changes, and working capital shifts like $2.4M broker payables increase offset by $2.6M accounts payable decrease. Investing outflow -$65K for Pacsquare acquisition. Financing inflow $17.7M from secured notes $10.0M, equity SPA $5.8M, convertible notes $4.7M. Net cash increase $16.6M to $27.3M. Balance sheet: current assets $51.8M (cash $23.1M, segregated cash $23.2M), current liabilities $33.2M (customer payables $24.2M, excise tax $2.6M), long-term debt includes secured note $12.1M. Equity $21.7M with accumulated deficit -$133.6M.
No management guidance, strategic priorities, or risk factors explicitly disclosed in the provided filing sections. Commitments and contingencies referenced in Note 7 without details.