AtlasClear’s FY2026 revenue rose 85% to $20.1 million; it reported about $2 million in GAAP net income as its operating loss widened to $9.8 million from $4.9 million. Net income included an $11.1 million noncash fair-value gain on an earn-out liability.
Stock-locate fees climbed to $6.8 million from about $300,000, lifting noncommission sources to 54% of revenue from 45%. Expenses rose to $29.8 million from $15.8 million, reflecting higher activity-related compensation, data-processing and clearing costs, plus $3.6 million in noncash stock compensation. AtlasClear had signed six correspondent broker-dealers by the call, including one after year-end; they contributed no meaningful FY26 revenue. Three were fully integrated and transferring business at the time.
At June 30, cash was $15.4 million, versus $7.5 million a year earlier, and stockholders’ equity rose to $21.1 million from a $6.8 million deficit. Management said capital raised and its operating-cash-flow forecast alleviated substantial doubt about its ability to continue. The parties withdrew Commercial Bancorp of Wyoming’s pending regulatory applications and expect to refile at an appropriate time; management gave no firm timeline. Proposed transactions involving Ark Financial, the holding company of Dawson James, and an institutional digital-asset business remained subject to nonbinding letters of intent, due diligence, board approvals, definitive agreements and other closing conditions.
