AtlasClear Holdings (ATCH)
XASE:ATCH
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AtlasClear Holdings
(NYSE MKT:ATCH)
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Rating:56Neutral
Price Target:
$0.24
▼(-9.63% Downside)
Action:Reiterated
Date:05/30/26
ATCH scores mid-range mainly due to improving revenue growth and current net profitability supported by low leverage, but the score is held back by inconsistent operating performance and cash-flow quality. Technicals are also weak-to-neutral (price below key moving averages and MACD negative), while valuation (P/E ~12.8) is reasonable but not strongly compelling.
Positive Factors
Revenue Growth
Sustained TTM revenue growth of ~11.4% indicates expanding product adoption or market share. Over a 2–6 month horizon this trend supports scale economics, recurring revenue stability, and provides a base for improving operating leverage if cost structure is managed consistently.
Negative Factors
Operating Profit Volatility
Core operating profitability has been inconsistent, with recent negative EBIT despite reported net income. This indicates earnings may rely on non‑operational items or one‑offs, undermining predictability of recurring profits and complicating forecasting and capital allocation decisions.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Growth
Sustained TTM revenue growth of ~11.4% indicates expanding product adoption or market share. Over a 2–6 month horizon this trend supports scale economics, recurring revenue stability, and provides a base for improving operating leverage if cost structure is managed consistently.
Read all positive factors
AtlasClear Holdings (ATCH) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$35.24M
Dividend YieldN/A
Average Volume (3M)102.14M
Price to Earnings (P/E)12.7
Beta (1Y)3.17
Revenue GrowthN/A
EPS GrowthN/A
CountryUS
Employees51
SectorFinancial
Sector Strength70
IndustrySoftware - Infrastructure
Share Statistics
EPS (TTM)-0.01
Shares Outstanding150,337,770
10 Day Avg. Volume64,609,424
30 Day Avg. Volume102,142,126
Financial Highlights & Ratios
PEG Ratio-0.09
Price to Book (P/B)1.65
Price to Sales (P/S)2.45
P/FCF Ratio-188.65
Enterprise Value/Market Cap-0.35
Enterprise Value/Revenue-0.77
Enterprise Value/Gross Profit-1.30
Enterprise Value/Ebitda-1.26
Forecast
1Y Price Target
$1.00Price Target Upside270.37% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)N/A
Revenue Forecast (FY)$118.10M
AtlasClear Holdings Business Overview & Revenue Model
Company Description
AtlasClear Holdings, Inc. focuses on operating as a technology enabled financial services firm. It creates a platform for trading, clearing, settlement, and banking of financial products with a focus on the small and middle market financial servic...
How the Company Makes Money
null...
AtlasClear Holdings Earnings Call Summary
Earnings Call Date:Feb 25, 2026
(Q2-2026)
| % Change Since: |
Next Earnings Date:Oct 05, 2026
Earnings Call Sentiment Positive
The call emphasizes a clear inflection point: very strong revenue growth (+84% YoY), return to net income, positive stockholders' equity, improved liquidity and visible momentum at the core clearing business (Wilson-Davis). Key strategic initiatives (scaling correspondent clearing and the proposed bank acquisition) create optionality for higher-margin, scalable growth. Offsetting concerns include outstanding dilution (potentially material share issuance), expense run-rate (~$14M annual) before full operating leverage, timing and regulatory uncertainty around the bank acquisition, and some portion of reported net income tied to noncash/one-time items. Overall, the positive operational and financial progress described outweighs the listed risks.Positive Updates
Strong Revenue Growth
Revenue for the quarter (ended Dec 31, 2025) was $5.1 million, representing an 84% year-over-year increase driven by higher client activity and broader utilization of the platform (commissions were the largest contributor at just over $3.0 million).
Negative Updates
Outstanding Dilution and Convertibles
Current outstanding share count is ~150 million. Potential additional dilution includes ~43 million warrant shares (exercise $0.75) and ~14 million shares from a convertible note; original de-SPAC warrants (~26 million) remain but have a very high strike. Investors remain focused on near-term dilution risk.
Read all updates
Q2-2026 Updates
Positive
Negative
Strong Revenue Growth
Revenue for the quarter (ended Dec 31, 2025) was $5.1 million, representing an 84% year-over-year increase driven by higher client activity and broader utilization of the platform (commissions were the largest contributor at just over $3.0 million).
Read all positive updates
Company Guidance
Management's guidance was that AtlasClear is entering 2026 from its "strongest position" and expects measurable revenue/account impacts over the next few quarters as new introducing brokers ramp (Dawson James expected to begin trading "momentarily"); they highlighted Q4 (12/31/25) results of $5.1M revenue (up 84% YoY) with commissions just over $3M, a modest net trading gain, net income of $6.8M (including noncash fair‑value adjustments), total assets of $77.6M (vs. $60.9M on 6/30/25), stockholders' equity of $21.7M (up from a $6.8M deficit at year‑end), cash & restricted cash of $46.2M (including $23.1M cash & cash equivalents), Wilson‑Davis net capital of $14.7M (regulatory minimum cited ~$10.5M and management maintaining an internal floor of ~$15M), a prior operating cost run‑rate of roughly $14M (the cited breakeven for consistent operating leverage), an outstanding share count of ~150M (plus ~43M unit warrants at $0.75, ~14M convertible‑note shares if converted, and ~26M de‑SPAC warrants at a $690 strike), and a proposed Commercial Bancorp of Wyoming acquisition (2025 bank revenue ~$1.9M, net income ~$0.5M, sellers taking ~73% stock) for which a Fed filing is imminent and management expects the deal to be accretive if approved.AtlasClear Holdings Financial Statement Overview
Summary
Income Statement
58
Neutral
Balance Sheet
72
Positive
Cash Flow
49
Neutral
| Breakdown | TTM | Jun 2025 | Dec 2024 | Dec 2023 | Jun 2023 | Jun 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 16.07M | 14.61M | 10.86M | 4.00M | 9.09M | 13.31M |
| Gross Profit | 9.56M | 11.34M | 8.75M | 2.70M | 6.70M | 11.78M |
| EBITDA | 9.84M | -1.53M | 1.03M | -857.80K | 287.77K | 1.92M |
| Net Income | 2.74M | 1.77M | 5.75M | -120.09M | 131.33K | 1.48M |
Balance Sheet | ||||||
| Total Assets | 73.92M | 77.62M | 60.89B | 55.48M | 40.59M | 64.33M |
| Cash, Cash Equivalents and Short-Term Investments | 16.71M | 23.08M | 7.53B | 619.55K | 9.10M | 10.68M |
| Total Debt | 637.64K | 14.72M | 1.00B | 480.00K | 805.72K | 943.64K |
| Total Liabilities | 51.66M | 55.94M | 67.69B | 12.37M | 30.65M | 54.49M |
| Stockholders Equity | 22.26M | 21.68M | -6.80B | 43.11M | 9.94M | 9.85M |
Cash Flow | ||||||
| Free Cash Flow | -1.87M | -189.76K | 1.57M | -1.82M | -1.08M | -1.09M |
| Operating Cash Flow | -1.87M | -189.75K | 1.57M | -1.82M | -1.08M | -1.07M |
| Investing Cash Flow | -85.00K | -85.00K | -145.00K | 152.34M | 351.47K | -201.25M |
| Financing Cash Flow | 16.89M | 18.78M | 1.62M | -150.03M | 799.17K | 202.36M |
AtlasClear Holdings Technical Analysis
Neutral
0.27
Price Trends
0.24
Negative
0.24
Negative
0.31
Negative
Market Momentum
>-0.01
Positive
45.41
Neutral
72.81
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For ATCH, the sentiment is Neutral. The current price of 0.27 is above the 20-day moving average (MA) of 0.24, above the 50-day MA of 0.24, and below the 200-day MA of 0.31, indicating a bearish trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 45.41 is Neutral, neither overbought nor oversold. The STOCH value of 72.81 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for ATCH.
AtlasClear Holdings Risk Analysis
AtlasClear Holdings disclosed 75 risk factors in its most recent earnings report. AtlasClear Holdings reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
AtlasClear Holdings Peers Comparison
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
64 Neutral | $35.69M | 60.92 | 0.58% | ― | 13.23% | ― | |
56 Neutral | $35.24M | 12.67 | 24.89% | ― | ― | ― | |
49 Neutral | $28.92M | 2.60 | -32.97% | ― | 17.62% | ― | |
44 Neutral | $28.83M | 0.03 | 1737.75% | ― | 350.30% | ― | |
43 Neutral | $6.21M | -0.02 | -22.71% | ― | -33.33% | -1032.57% |
* Financial Sector Average
ATCH
AtlasClear Holdings
0.23
0.04
21.88%
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AtlasClear Holdings Corporate Events
Executive/Board ChangesShareholder Meetings
AtlasClear Stockholders Approve Directors, Equity Plan and Auditor
Positive
May 29, 2026
On May 27, 2026, AtlasClear Holdings, Inc. stockholders held their annual meeting, where they elected six directors to serve until the annual meeting for the fiscal year ending June 30, 2027, affirming the company’s existing board leadership...
Business Operations and StrategyRegulatory Filings and ComplianceShareholder MeetingsStock Split
AtlasClear Proposes Major Increase to Equity Incentive Plan
Neutral
May 12, 2026
AtlasClear Holdings, Inc. issued a proxy supplement ahead of its May 27, 2026 annual meeting to correct its quorum disclosure, stating that at least 33.3% of the voting power of issued and outstanding shares must be present in person or by proxy, ...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.