AtlasClear Financials
This page shows AtlasClear (ATCHW) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 3 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Revenue growth has not translated into self-funding operations, leaving reported profit dependent on items outside the core business.
From FY2023 to FY2025, revenue more than doubled from$4.5M to$10.9M , yet operating losses widened from-$2.7M to-$4.9M . Because net income stayed positive at$5.8M while operating cash flow was only$822K , the reported earnings profile is being shaped more by non-operating gains than by the underlying business turning sales into cash.
The liquidity picture tightened materially: current ratio fell from 4.6x in FY2023 to 0.9x in FY2025, and current liabilities of
The balance sheet still shows negative equity of
Financial Health Signals
Based on FY2025 annual data, averaged across the last 3 years for performance metrics (most-recent year weighted highest). How this score is calculated →
Health score ≠ stock price. This rates the quality of AtlasClear's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
AtlasClear has an operating margin of -45.3%, meaning the company retains $-45 of operating profit per $100 of revenue. This below-average margin results in a low score of 0/100, suggesting thin profitability after operating expenses. This is up from -60.5% the prior year.
AtlasClear's current ratio of 0.85 is below the typical benchmark, resulting in a score of 12/100. This tight liquidity could limit financial flexibility if cash inflows slow.
AtlasClear passes 4 of 9 financial strength tests. 3 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), both operating efficiency signals pass.
For every $1 of reported earnings, AtlasClear generates $0.14 in operating cash flow ($822K OCF vs $5.8M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.
AtlasClear earns $-0.7 in operating income for every $1 of interest expense (-$4.9M vs $7.3M). This narrow margin raises concern about the company's ability to service its debt if operating income declines.
Key Financial Metrics
Earnings & Revenue
AtlasClear generated $10.9M in revenue in fiscal year 2025. This represents an increase of 139.8% from the prior year.
AtlasClear's EBITDA was -$3.5M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
AtlasClear reported $5.8M in net income in fiscal year 2025. This represents an increase of 623.4% from the prior year.
Cash & Balance Sheet
AtlasClear held $7.5M in cash against $11.6M in long-term debt as of fiscal year 2025.
AtlasClear had 40M shares outstanding in fiscal year 2025. This represents an increase of 698.3% from the prior year.
Margins & Returns
AtlasClear's operating margin was -45.3% in fiscal year 2025, reflecting core business profitability. This is up 15.2 percentage points from the prior year.
AtlasClear's net profit margin was 53.0% in fiscal year 2025, showing the share of revenue converted to profit. This is up 35.4 percentage points from the prior year.
Capital Allocation
ATCHW Income Statement
| Metric | Q3'26 | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $4.2M-16.9% | $5.1M+19.0% | $4.3M+53.8% | $2.8M+8.6% | $2.5M-7.4% | $2.7M-2.1% | $2.8M+2.7% | $2.7M |
| Cost of Revenue | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Gross Profit | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | $2.3M-16.5% | $2.8M-10.7% | $3.1M+79.4% | $1.7M+12.4% | $1.5M-2.0% | $1.6M+23.5% | $1.3M-5.6% | $1.4M |
| Operating Income | -$2.9M-19.4% | -$2.5M-179.9% | -$877K+50.0% | -$1.8M-63.7% | -$1.1M+6.7% | -$1.1M-22.1% | -$941K-135.9% | -$399K |
| Interest Expense | $433K-84.4% | $2.8M+93.7% | $1.4M-52.7% | $3.0M+9.8% | $2.8M+14496.6% | $19K-98.7% | $1.5M-54.6% | $3.2M |
| Income Tax | -$196K-199.8% | $196K+228.1% | -$153K-241.1% | $108K+135.6% | -$304K-256.4% | -$85K-492.5% | $22K+103.9% | -$564K |
| Net Income | -$1.9M-128.5% | $6.8M+1640.8% | -$440K+73.7% | -$1.7M+42.3% | -$2.9M-591.7% | -$420K-103.9% | $10.7M+134.0% | -$31.6M |
| EPS (Diluted) | $-0.01-120.0% | $0.05+600.0% | $-0.01 | N/A | $-1.25 | $-1.11+41.6% | $-1.90 | N/A |
ATCHW Balance Sheet
| Metric | Q3'26 | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $73.9M-4.8% | $77.6M+5.4% | $73.6M+20.9% | $60.9M0.0% | $60.9M+8.7% | $56.0M0.0% | $56.0M-2.6% | $57.5M |
| Current Assets | $46.9M-9.4% | $51.8M+9.8% | $47.2M+35.1% | $34.9M+17.7% | $29.7M-1.9% | $30.3M+1.1% | $29.9M+1.1% | $29.6M |
| Cash & Equivalents | $16.7M-27.6% | $23.1M+757.4% | $2.7M-64.3% | $7.5M-3.6% | $7.8M+13.6% | $6.9M+0.9% | $6.8M+4.0% | $6.6M |
| Inventory | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Accounts Receivable | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Goodwill | $6.1M0.0% | $6.1M0.0% | $6.1M0.0% | $6.1M0.0% | $6.1M0.0% | $6.1M0.0% | $6.1M-20.3% | $7.7M |
| Total Liabilities | $51.7M-7.6% | $55.9M-16.2% | $66.8M-1.3% | $67.7M-1.9% | $69.0M-12.9% | $79.2M+0.1% | $79.2M-17.2% | $95.6M |
| Current Liabilities | $30.8M-7.1% | $33.2M-33.2% | $49.6M+21.0% | $41.0M-2.3% | $42.0M+11.3% | $37.7M+1.9% | $37.0M-27.9% | $51.3M |
| Long-Term Debt | $13.6M | N/A | N/A | $11.6M+4361.5% | $259K-96.8% | $8.1M | N/A | N/A |
| Total Equity | $22.3M+2.7% | $21.7M+216.2% | $6.9M+200.9% | -$6.8M+51.3% | -$14.0M+39.8% | -$23.2M-0.1% | -$23.2M+39.2% | -$38.1M |
| Retained Earnings | -$135.5M-1.4% | -$133.6M+6.6% | -$143.0M-0.3% | -$142.5M-1.2% | -$140.8M-2.1% | -$137.9M-0.3% | -$137.5M+7.2% | -$148.3M |
ATCHW Cash Flow Statement
| Metric | Q3'26 | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$4.0M-366.8% | $1.5M+159.9% | -$2.5M-233.3% | $1.9M+203.3% | -$1.8M-409.9% | $586K+233.6% | $176K-91.7% | $2.1M |
| Capital Expenditures | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Free Cash Flow | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Investing Cash Flow | $0 | $0+100.0% | -$65K-225.0% | -$20K | $0+100.0% | -$60K+7.7% | -$65K+94.4% | -$1.2M |
| Financing Cash Flow | -$1.0M-108.4% | $12.5M+143.8% | $5.1M+1851.2% | $263K-68.9% | $847K+132.2% | $365K+146.0% | $148K+112.3% | -$1.2M |
| Dividends Paid | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
ATCHW Financial Ratios
| Metric | Q3'26 | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Operating Margin | -69.8%-21.2pp | -48.5%-27.9pp | -20.6%+42.9pp | -63.5%-21.4pp | -42.2%-0.3pp | -41.8%-8.3pp | -33.6%-18.9pp | -14.6% |
| Net Margin | -46.0%-180.1pp | 134.1%+144.5pp | -10.4%+50.3pp | -60.6%+53.5pp | -114.1%-98.9pp | -15.3%-398.6pp | 383.3%+1541.5pp | -1158.3% |
| Return on Equity | -8.7%-40.0pp | 31.3%+37.7pp | -6.4% | N/A | N/A | N/A | N/A | N/A |
| Return on Assets | -2.6%-11.3pp | 8.7%+9.3pp | -0.6%+2.1pp | -2.8%+2.0pp | -4.8%-4.0pp | -0.8%-19.9pp | 19.2%+74.2pp | -55.0% |
| Current Ratio | 1.52-0.0 | 1.56+0.6 | 0.95+0.1 | 0.85+0.1 | 0.71-0.1 | 0.800.0 | 0.81+0.2 | 0.58 |
| Debt-to-Equity | 0.61-2.0 | 2.58-7.2 | 9.74+11.4 | -1.70-1.7 | -0.02+0.3 | -0.35+3.1 | -3.42-0.9 | -2.51 |
| FCF Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
Note: Shareholder equity is negative (-$6.8M), which causes debt-to-equity and return on equity ratios to appear negative or not meaningful. This can occur from accumulated losses or large share buyback programs.
Note: The current ratio is below 1.0 (0.85), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.
Frequently Asked Questions
What is AtlasClear's annual revenue?
AtlasClear (ATCHW) reported $10.9M in total revenue for fiscal year 2025. This represents a 139.8% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is AtlasClear's revenue growing?
AtlasClear (ATCHW) revenue grew by 139.8% year-over-year, from $4.5M to $10.9M in fiscal year 2025.
Is AtlasClear profitable?
Yes, AtlasClear (ATCHW) reported a net income of $5.8M in fiscal year 2025, with a net profit margin of 53.0%.
What is AtlasClear's EBITDA?
AtlasClear (ATCHW) had EBITDA of -$3.5M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does AtlasClear have?
As of fiscal year 2025, AtlasClear (ATCHW) had $7.5M in cash and equivalents against $11.6M in long-term debt.
What is AtlasClear's operating margin?
AtlasClear (ATCHW) had an operating margin of -45.3% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is AtlasClear's net profit margin?
AtlasClear (ATCHW) had a net profit margin of 53.0% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is AtlasClear's operating cash flow?
AtlasClear (ATCHW) generated $822K in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are AtlasClear's total assets?
AtlasClear (ATCHW) had $60.9M in total assets as of fiscal year 2025, including both current and long-term assets.
What is AtlasClear's current ratio?
AtlasClear (ATCHW) had a current ratio of 0.85 as of fiscal year 2025, which is below 1.0, which may suggest potential liquidity concerns.
What is AtlasClear's debt-to-equity ratio?
AtlasClear (ATCHW) had a debt-to-equity ratio of -1.70 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is AtlasClear's return on assets (ROA)?
AtlasClear (ATCHW) had a return on assets of 9.4% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
Why is AtlasClear's debt-to-equity ratio negative or unusual?
AtlasClear (ATCHW) has negative shareholder equity of -$6.8M as of fiscal year 2025, which causes the debt-to-equity ratio to appear negative or not meaningful. This can occur when accumulated losses exceed invested capital, or after large share buyback programs. Other solvency metrics like the current ratio or interest coverage may be more informative.
What is AtlasClear's Piotroski F-Score?
AtlasClear (ATCHW) has a Piotroski F-Score of 4 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are AtlasClear's earnings high quality?
AtlasClear (ATCHW) has an earnings quality ratio of 0.14x, considered low quality (accrual-driven). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can AtlasClear cover its interest payments?
AtlasClear (ATCHW) has an interest coverage ratio of -0.7x, meaning it can struggle to cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is AtlasClear?
AtlasClear (ATCHW) scores 2 out of 100 on our Financial Profile, indicating weak overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.