AtlasClear Holdings, Inc. SEC 10-Q Report

AtlasClear Holdings, Inc., a financial services firm specializing in securities brokerage and trading, has released its latest Form 10-Q report, showcasing notable improvements in both financial performance and operational efficiency. The report highlights the company's strides in revenue growth, reduced operational losses, and strategic initiatives aimed at enhancing its technological capabilities.

Financial Highlights

Total Revenues: $2.54 million, reflecting an increase from $1.27 million in the prior year period, driven by higher commissions and clearing fees.

Loss from Operations: $(1.07) million, compared to a loss of $(13.87) million in the prior year period, indicating improved operational efficiency.

Net Income/(Loss): $(2.90) million, compared to a loss of $(88.58) million in the prior year period, showing significant improvement in financial performance.

Basic Net Income (Loss) Per Share, Non-redeemable Common Stock: $(1.25), compared to $(577.15) in the prior year period, reflecting the impact of improved net income.

Business Highlights

Revenue Segments: AtlasClear Holdings, Inc. derives its revenue primarily from three areas: commission revenue, fee revenue, and interest revenue, through its subsidiary Wilson-Davis, a securities broker and dealer.

Geographical Performance: Wilson-Davis operates in multiple states including Utah, Arizona, California, Colorado, Florida, New York, Oklahoma, and Texas, with customer transactions primarily occurring in these states, although some customers are located in other states where the company is registered.

New Product Launches: AtlasClear Holdings, Inc. entered into a Source Code Purchase and Master Services Agreement with Pacsquare Technologies, LLC to develop a proprietary trading platform with clearing and settlement capabilities, known as the AtlasClear Platform.

Future Outlook: AtlasClear Holdings aims to build a cutting-edge technology-enabled financial services firm to create a more efficient platform for trading, clearing, settlement, and banking, focusing on fintech-driven business-to-business solutions to power innovation in investing and trading.

SEC Filing: AtlasClear Holdings, Inc. [ ATCH ] - 10-Q - May. 15, 2025