Atlasclear Holdings, Inc. is a US-listed company in the transaction & payment processing services industry. Its financial year ends in June.
What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.
Revenue for the twelve months to June 2026 was $29m.
Our model value for Atlasclear Holdings is under review, so past values are not shown until it is resolved.
Source: 10-K filed September 24, 2026 on SEC EDGAR · Financials · Valuation
Written from the company's filings and our models when each quarter's report arrives. Figures in older notes are as published at the time. Not investment advice.
Atlasclear Holdings, Inc.'s trailing-twelve-month revenue grew 78.9% year on year, with a free-cash-flow margin of -21.1%.
Current signal Revenue growth decelerating: TTM revenue growth slowed to 78.9% (-22.7pp vs the prior quarter), the 2nd consecutive quarterly slowdown.
Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.
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Company announcements, filed results and changes that matter to shareholders.
No model value for Atlasclear Holdings, Inc. at the moment. Current status: data-quality checks not passed. Available reported financials are shown below.
The inputs used by the models below have passed source checks. Individual model values are available below and in the interactive valuator. Their differences are shown explicitly; the platform combined value and recommendation remain withheld.
We value Atlasclear Holdings, Inc. as an asset manager, broker or exchange, with every model that fits that kind of business. Cost of equity 12.1%: the 10-year Treasury yield (4.9%) plus a beta of 1.59 times a 4.5% equity risk premium.
| Model | Value per share | In the combined value? |
|---|---|---|
| Price-to-earnings vs peers Earnings per share times peers' typical (harmonic-mean) price-to-earnings. | ~$0.1 ~$0.1–$0.4 | Primary model, counts double |
| Residual income Book value plus the present value of returns above the cost of equity, fading over ten years. | ~$0.1 ~$0.1–$0.1 | Included |
| Justified price-to-book Book value times (return on equity - growth) / (cost of equity - growth): steady-state returns. | ~$0.1 ~$0.1–$0.1 | Included |
| Price-to-book vs peers Book value per share times peers' typical (harmonic-mean) price-to-book. | ~$0.0 ~$0.1–$0.6 | Left out: out of range vs price (0.07x) |
| Dividend discount (two-stage) Dividends for five years at the growth the business can fund, then a steady payout and growth. | — | Does not apply: This model is withheld pending its input or assumption review. |
| Combined value Individual source-checked model scenarios are available. The platform combined value and recommendation remain withheld. | — | Combined value withheld. Review the individual models and their assumptions. |
Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare Atlasclear Holdings, Inc. with asset managers, brokers and exchanges in our coverage, using third-party market data. Model values are estimates under stated assumptions, updated as new filings arrive; not price targets or investment advice. How each model works.
Not assessed: fewer than five years of comparable figures in the filings. AI disruption exposure for this industry: Medium.
| Fiscal year | EPS | Growth | Revenue | Growth |
|---|---|---|---|---|
| Current | −$0.06 | +41% | $27m | +32% |
The consensus EPS forecast for the current fiscal year is 0.0% on 90 days ago. In the last 30 days, 0 analysts raised Atlasclear Holdings, Inc.'s forecast and 1 cut it.
Average of analysts' published estimates (third-party data).
| Period | Current fiscal year |
|---|---|
| 90 days ago | −$0.06 |
| 60 days ago | −$0.06 |
| 30 days ago | −$0.06 |
| 7 days ago | −$0.06 |
| Now | −$0.06 |
| Quarter to | Estimate | Actual | Surprise |
|---|---|---|---|
| Jun 2026 | −$0.02 | −$0.02 | −9.5% |
| Mar 2026 | −$0.01 | −$0.01 | +24.0% |
Adjusted EPS as companies report it, against the average analyst estimate.
| Calendar year | 2022 | 2023 | 2024 | 2025 | 2026 to date |
|---|---|---|---|---|---|
| Return | |||||
| ATCH | +2% | −38% | −97% | −97% | −46% |
| Industry peers (median) | −35% | +8% | +13% | −23% | +9% |
| S&P 500 | −18% | +26% | +25% | +18% | +11% |
| Months that ended higher | |||||
| ATCH | 50% | 50% | 25% | 17% | 36% |
| S&P 500 | 42% | 67% | 75% | 75% | 46% |
| Largest fall from a high during the year | |||||
| ATCH | −1% | −47% | −99% | −99% | −58% |
| S&P 500 | −25% | −10% | −8% | −19% | −9% |
Worst fall since March 10, 2021: 100% from November 3, 2023 to November 2, 2026. Getting back needed a 504606% gain, and the shares have not yet recovered.
| Results released | Next day | S&P 500 next day | 5 days | 21 days |
|---|---|---|---|---|
| September 24, 2026 | −4.6% | +0.5% | +2.0% | −19.8% |
| September 23, 2026 | +1.6% | −0.8% | +4.7% | −20.3% |
| May 13, 2026 | −8.3% | +1.4% | −16.1% | −24.8% |
| February 13, 2026 | +3.7% | +0.2% | −2.1% | −15.8% |
| December 1, 2025 | +0.3% | −0.3% | +8.1% | −19.0% |
| November 14, 2025 | −4.9% | −0.9% | −10.0% | −4.9% |
| October 27, 2025 | +15.9% | +1.4% | −5.1% | −19.1% |
| September 30, 2025 | −37.1% | +0.7% | −45.7% | −42.7% |
Source: SEC EDGAR filings. Retrieved October 29, 2026.
| Period | Revenue (TTM) |
|---|---|
| FY25 Q2 | $9.6M |
| FY25 Q3 | $10.8M |
| FY25 Q4 | $16.4M |
| FY26 Q1 | $17.9M |
| FY26 Q2 | $20.2M |
| FY26 Q3 | $21.8M |
| FY26 Q4 | $29.4M |
Source: SEC EDGAR filings. Retrieved October 29, 2026.
| Period | Operating margin (TTM) |
|---|---|
| FY25 Q2 | -171.3% |
| FY25 Q3 | -32.9% |
| FY25 Q4 | -42.7% |
| FY26 Q1 | -38.9% |
| FY26 Q2 | -40.9% |
| FY26 Q3 | -46.3% |
| FY26 Q4 | -44.6% |
Source: SEC EDGAR filings. Retrieved October 29, 2026.
| Period | FCF margin (TTM) |
|---|---|
| FY25 Q2 | -109.6% |
| FY25 Q3 | 9.7% |
| FY25 Q4 | 4.9% |
| FY26 Q1 | -10.4% |
| FY26 Q2 | -4.7% |
| FY26 Q3 | -14.3% |
| FY26 Q4 | -21.1% |
| Fiscal year | 2025 Jun 2025 | 2026 Jun 2026 |
|---|---|---|
| Income | ||
| Revenue | 11 | 20 |
| EBITDA | −5 | — |
| Operating income | −5 | −10 |
| Net income | 6 | 2 |
| Diluted EPS | $0.05 | $0.02 |
| Growth (year on year) | ||
| Revenue | — | +84.7% |
| Net income | — | −65.9% |
| Diluted EPS | — | −58.3% |
| Margins | ||
| EBITDA margin | −45.1% | — |
| Operating margin | −45.3% | −48.7% |
| Net margin | 53.0% | 9.8% |
| Cash flow | ||
| Cash from operations | 1 | −6 |
| Stock-based pay | 0 | 4 |
| Balance sheet | ||
| Cash | 8 | 15 |
| Total debt | 16 | 14 |
| Net debt (negative = net cash) | 9 | −1 |
| Diluted shares | 120m | 125m |
| Quarter | 2025 Q1 Sept 2024 | 2025 Q2 Dec 2024 | 2025 Q3 Mar 2025 | 2025 Q4 Jun 2025 | 2026 Q1 Sept 2025 | 2026 Q2 Dec 2025 | 2026 Q3 Mar 2026 | 2026 Q4 Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Income | ||||||||
| Revenue | 3 | 3 | 3 | 8 | 4 | 5 | 4 | 16 |
| EBITDA | −1 | −1 | −1 | −4 | — | — | — | — |
| Operating income | −1 | −1 | −1 | −4 | −1 | −2 | −3 | −7 |
| Net income | 11 | −0 | −3 | −2 | −0 | 7 | −2 | −2 |
| Diluted EPS | −$9.50 | −$1.11 | −$1.25 | $1.48 | −$0.01 | $0.05 | −$0.01 | −$0.03 |
| Growth (year on year) | ||||||||
| Revenue | — | — | +100.1% | +204.4% | +51.6% | +84.1% | +65.2% | +90.7% |
| Net income | — | — | — | — | −104.1% | — | — | — |
| Margins | ||||||||
| EBITDA margin | −33.4% | −41.7% | −42.0% | −46.2% | — | — | — | — |
| Operating margin | −33.6% | −41.8% | −42.2% | −46.3% | −20.6% | −48.6% | −69.8% | −43.1% |
| Net margin | 383.3% | −15.3% | −114.1% | −20.2% | −10.4% | 134.2% | −46.0% | −15.5% |
| Cash flow | ||||||||
| Cash from operations | 0 | 1 | −2 | 2 | −3 | 1 | −4 | −1 |
| Stock-based pay | 0 | 0 | 0 | 0 | 0 | 1 | 1 | 1 |
| Last 12 months unless stated | ATCH | USIO | PAYS | EXOD | SHFS | OLB | Median |
|---|---|---|---|---|---|---|---|
| Revenue, last 12 months | $29m | $93m | $101m | $109m | $8m | $7m | $1.4bn |
| Revenue growth, last 12 months | 78.9% | 10.4% | 46.8% | −14.2% | −28.6% | −32.5% | 9.7% |
| Revenue growth, 3-year average | — | 5.9% | 33.4% | — | −19.0% | −37.1% | 7.9% |
| Revenue growth, latest quarter | 90.7% | 18.6% | 48.1% | 1.6% | 4.8% | −43.6% | 14.2% |
| Gross margin | — | 22.3% | 61.0% | — | — | 72.6% | 45.0% |
| Operating margin | −44.6% | −1.2% | 17.0% | — | −67.0% | −73.3% | 9.6% |
| Operating margin, 3-year average | — | −1.6% | 8.8% | — | −56.0% | −90.6% | 11.1% |
| Net margin | 6.7% | −1.6% | 15.7% | −79.9% | −47.3% | −68.2% | 6.6% |
| Cash from operations / revenue | −21.1% | 0.7% | 74.4% | −60.9% | −56.8% | −36.3% | 16.2% |
| Free-cash-flow margin | −21.1% | −0.3% | 73.0% | −61.1% | −5.9% | −38.2% | 15.5% |
| Free-cash-flow margin, 3-year average | — | −8.6% | 54.9% | −27.5% | — | −30.8% | 16.3% |
| Stock pay / revenue | 12.4% | 1.8% | 5.1% | 14.8% | 10.8% | 1.0% | 2.3% |
| Change in share count | — | 2.4% | 10.6% | — | 56.8% | −39.3% | −2.7% |
| Manager | Value | Shares | Share of 13F value | Shares QoQ |
|---|---|---|---|---|
| Jane Street Group, LLC | $450,117 | 2.3M | 20.5% | ▲ 22.1% |
| Vanguard Capital Management LLC | $400,688 | 2.0M | 18.2% | ▲ 30.0% |
| Geode Capital Management, LLC | $294,510 | 1.5M | 13.4% | ▼ 0.9% |
| Vanguard Fiduciary Trust Co | $200,082 | 1.0M | 9.1% | ▲ 35.8% |
| Cary Street Partners Financial LLC | $178,023 | 905K | 8.1% | ▲ 255.3% |
| Hightower Advisors, LLC | $176,333 | 896K | 8.0% | ▲ 7.5% |
| UBS Group AG | $162,522 | 825K | 7.4% | ▼ 4.1% |
| State Street Corp | $85,175 | 433K | 3.9% | ▲ 85.9% |
| Virtu Financial LLC | $82,000 | 416K | 3.7% | ▲ 770.0% |
| Northern Trust Corp | $62,945 | 320K | 2.9% | ▼ 3.8% |
| Arkadios Wealth Advisors | $15,744 | 80K | 0.7% | ▲ 100.0% |
| Diversify Advisory Services, LLC | $10,980 | 61K | 0.5% | New |
From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not Atlasclear Holdings, Inc.'s complete shareholder register. Values are as reported by the filers .
| Insider | Date | Trade | Shares | Price | Value |
|---|---|---|---|---|---|
| Patel Sandip I CFO & General Counsel | September 25, 2026 | Buy | 50,000 | $0.20 | $10,000 |
| Ridenhour David Craig President | September 25, 2026 | Buy | 50,000 | $0.19 | $9,500 |
| Carlson Steven J. Director | September 25, 2026 | Buy | 5,000 | $0.19 | $950 |
| Schaible John Martin Executive Chairman | September 25, 2026 | Buy | 64,900 | $0.19 | $12,331 |
| Patel Sandip I CFO & General Counsel | September 24, 2026 | Buy | 50,000 | $0.22 | $11,000 |
| Ridenhour David Craig President | September 24, 2026 | Buy | 50,000 | $0.20 | $10,000 |
| Carlson Steven J. Director | September 24, 2026 | Buy | 10,000 | $0.20 | $2,000 |
| Hammond Thomas Jon Director | September 24, 2026 | Buy | 500,000 | $0.20 | $100,000 |
| Schaible John Martin Executive Chairman | September 24, 2026 | Buy | 35,100 | $0.21 | $7,371 |
From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.
| Data | Last updated | Source |
|---|---|---|
| Share price | Exchange closing prices | |
| Financial statements | SEC 10-K and 10-Q filings | |
| News and updates | Company releases and SEC 8-K filings | |
| Analyst estimates | Aggregated analyst estimates | |
| Valuation and scores | Our models, from the filed figures |
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