AtlasClear (ATCH) investor relations material

Executive summary

• Achieved 84% year-over-year revenue growth in Q4 2025, reaching $5.1 million, driven by new stock locate fees, platform utilization, and participation as a selling agent in at-the-market offerings.

• Net income for the quarter was $6.8 million, primarily due to operating growth and a $10.62 million gain from the reduction in the earnout liability.

• Stockholders' equity turned positive to $21.7 million, an improvement of nearly $60 million since fiscal year-end 2024.

• Wilson-Davis continues as the core clearing engine, driving consistent performance and deeper client engagement.

• Liquidity strengthened with $46.2 million in cash and restricted cash at quarter end, including $23.1 million in cash and equivalents.

Financial highlights

• Revenue for Q4 2025 was $5.1 million, up 84% year-over-year; total revenues for the six months ended December 31, 2025, were $9.31 million, up 68% from the prior year period.

• Net income reached $6.8 million for the quarter, compared to a net loss of $0.42 million in the prior year.

• Stockholders' equity was $21.7 million at quarter end, up nearly $60 million from year-end 2024.

• Cash and restricted cash totaled $46.2 million at quarter end, with $23.1 million in cash and equivalents.

• Total assets increased to $77.6 million from $60.9 million as of June 30, 2025.

Outlook and guidance

• Focus remains on scaling the Wilson-Davis clearing business, improving client experience, and onboarding new broker-dealer relationships.

• Management expects sufficient liquidity for at least the next twelve months, supported by recent financings and projected cash flows.

• Anticipates synergies and measurable revenue and account growth from the planned Commercial Bancorp acquisition and new correspondent clearing clients.

• Healthy pipeline of interest from firms seeking flexible, efficient clearing infrastructure; onboarding to be deliberate and accretive.