AtlasClear (ATCH)
Market Price (10/17/2026): $0.1639 | Market Cap: $24.6 MilSector: Financials | Industry: Diversified Capital Markets
AtlasClear (ATCH)
Market Price (10/17/2026): $0.1639Market Cap: $24.6 MilSector: FinancialsIndustry: Diversified Capital Markets
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 7.7% Strong revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is 85% Valuation becoming less expensiveP/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is -29% | Weak multi-year price returns2Y Excs Rtn is -133%, 3Y Excs Rtn is -178% | Penny stockMkt Price is 0.2 Not profitable at operating income levelOp Inc LTMOperating Income, Last Twelve Months is -9.5 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -47% Significant share based compensationSBC/Rev LTMShare Based Compensation / Revenue (Sales), Last Twelve Months (LTM) is 18% Not cash flow generativeCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -31%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -31% Key risksATCH key risks include [1] its substantial debt load and history of operating losses, Show more. |
| Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 7.7% |
| Strong revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is 85% |
| Valuation becoming less expensiveP/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is -29% |
| Weak multi-year price returns2Y Excs Rtn is -133%, 3Y Excs Rtn is -178% |
| Penny stockMkt Price is 0.2 |
| Not profitable at operating income levelOp Inc LTMOperating Income, Last Twelve Months is -9.5 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -47% |
| Significant share based compensationSBC/Rev LTMShare Based Compensation / Revenue (Sales), Last Twelve Months (LTM) is 18% |
| Not cash flow generativeCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -31%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -31% |
| Key risksATCH key risks include [1] its substantial debt load and history of operating losses, Show more. |
Qualitative Assessment
AI Analysis | Feedback
AtlasClear (ATCH) stock has lost about 15% since 6/30/2026 because of the following key factors:
1. Widening Operating Losses Despite Revenue Growth. AtlasClear (whose fiscal year ends on June 30) reported an 85% year-over-year revenue increase to $20.1 million for fiscal year 2026 (ended June 30, 2026). However, the reported net income of $2.0 million for the same period was primarily boosted by an $11.1 million non-cash gain, while operating losses widened to $9.8 million. The company also experienced an operating cash burn of $6.2 million in fiscal year 2026, indicating underlying profitability challenges despite top-line growth.
2. Regulatory Hurdles for Strategic Acquisitions. A significant part of AtlasClear's growth strategy involves acquisitions, such as the pending acquisition of Commercial Bancorp of Wyoming (Farmers State Bank). Management has acknowledged that these strategic initiatives face ongoing regulatory hurdles, including the uncertainty of obtaining necessary bank charter approvals. This regulatory uncertainty creates a potential impediment to the company's long-term growth and platform strategy.
Show more
AtlasClear (ATCH) stock has lost about 15% since 6/30/2026 because of the following key factors:
1. Widening Operating Losses Despite Revenue Growth. AtlasClear (whose fiscal year ends on June 30) reported an 85% year-over-year revenue increase to $20.1 million for fiscal year 2026 (ended June 30, 2026). However, the reported net income of $2.0 million for the same period was primarily boosted by an $11.1 million non-cash gain, while operating losses widened to $9.8 million. The company also experienced an operating cash burn of $6.2 million in fiscal year 2026, indicating underlying profitability challenges despite top-line growth.
2. Regulatory Hurdles for Strategic Acquisitions. A significant part of AtlasClear's growth strategy involves acquisitions, such as the pending acquisition of Commercial Bancorp of Wyoming (Farmers State Bank). Management has acknowledged that these strategic initiatives face ongoing regulatory hurdles, including the uncertainty of obtaining necessary bank charter approvals. This regulatory uncertainty creates a potential impediment to the company's long-term growth and platform strategy.
3. High Speculation and Volatility in a Micro-Cap Environment. As of late September 2026, AtlasClear is characterized as a highly speculative and volatile micro-cap stock with a market capitalization under $30 million. Trading near $0.20 per share, the stock is susceptible to significant price swings, having fallen over 50% from its highs in the past year, reflecting investor caution and the inherent risks associated with such small-cap companies.
4. Macroeconomic Headwinds Impacting the Financial Sector. The broader macroeconomic environment during 2026 presents headwinds for the banking and capital markets sector. Persistent global headline inflation, projected to rise notably to 4.7% in 2026, higher energy prices, and the potential for the Federal Reserve to drop interest rates to 3.125% by the end of 2026, could test banks' revenues and profitability. These factors are expected to impact net interest income across the financial industry, potentially affecting AtlasClear's performance.
Show less
Stock Movement Drivers
Fundamental Drivers
The -15.3% change in ATCH stock from 6/30/2026 to 10/16/2026 was primarily driven by a -41.8% change in the company's Net Income Margin (%).| (LTM values as of) | 6302026 | 10162026 | Change |
|---|---|---|---|
| Stock Price ($) | 0.20 | 0.17 | -15.3% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 16 | 20 | 23.2% |
| Net Income Margin (%) | 16.8% | 9.8% | -41.8% |
| P/E Multiple | 10.6 | 12.7 | 19.8% |
| Shares Outstanding (Mil) | 148 | 150 | -1.4% |
| Cumulative Contribution | -15.3% |
Market Drivers
6/30/2026 to 10/16/2026| Return | Correlation | |
|---|---|---|
| ATCH | -15.3% | |
| Market (SPY) | 2.2% | 25.0% |
| Sector (XLF) | 3.6% | 14.2% |
Fundamental Drivers
The -16.2% change in ATCH stock from 3/31/2026 to 10/16/2026 was primarily driven by a -20.7% change in the company's P/E Multiple.| (LTM values as of) | 3312026 | 10162026 | Change |
|---|---|---|---|
| Stock Price ($) | 0.20 | 0.17 | -16.2% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 15 | 20 | 37.2% |
| Net Income Margin (%) | 12.1% | 9.8% | -19.0% |
| P/E Multiple | 16.1 | 12.7 | -20.7% |
| Shares Outstanding (Mil) | 143 | 150 | -5.0% |
| Cumulative Contribution | -16.2% |
Market Drivers
3/31/2026 to 10/16/2026| Return | Correlation | |
|---|---|---|
| ATCH | -16.2% | |
| Market (SPY) | 17.7% | 24.1% |
| Sector (XLF) | 12.9% | 15.0% |
Fundamental Drivers
The -67.3% change in ATCH stock from 9/30/2025 to 10/16/2026 was primarily driven by a -81.5% change in the company's Net Income Margin (%).| (LTM values as of) | 9302025 | 10162026 | Change |
|---|---|---|---|
| Stock Price ($) | 0.51 | 0.17 | -67.3% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 11 | 20 | 84.7% |
| Net Income Margin (%) | 53.0% | 9.8% | -81.5% |
| P/E Multiple | 3.6 | 12.7 | 257.7% |
| Shares Outstanding (Mil) | 40 | 150 | -73.2% |
| Cumulative Contribution | -67.3% |
Market Drivers
9/30/2025 to 10/16/2026| Return | Correlation | |
|---|---|---|
| ATCH | -67.3% | |
| Market (SPY) | 15.5% | 31.1% |
| Sector (XLF) | 4.3% | 22.0% |
Fundamental Drivers
nullnull
Market Drivers
9/30/2023 to 10/16/2026| Return | Correlation | |
|---|---|---|
| ATCH | -100.0% | |
| Market (SPY) | 84.7% | 9.9% |
| Sector (XLF) | 74.7% | 7.4% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| ATCH Return | 2% | 2% | -38% | -97% | -97% | -29% | -100% |
| Peers Return | 18% | -8% | 27% | 40% | 24% | 1% | 143% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 14% | 108% |
Monthly Win Rates [3] | |||||||
| ATCH Win Rate | 50% | 50% | 50% | 25% | 17% | 40% | |
| Peers Win Rate | 57% | 47% | 57% | 58% | 63% | 48% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 50% | |
Max Drawdowns [4] | |||||||
| ATCH Max Drawdown | - | -1% | -47% | -99% | -99% | -50% | |
| Peers Max Drawdown | -16% | -31% | -18% | -12% | -24% | -35% | |
| S&P 500 Max Drawdown | -5% | -25% | -10% | -8% | -19% | -9% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: SNEX, IBKR, BR, SSNC, ICE.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 10/16/2026 (YTD)
About AtlasClear (ATCH)
AtlasClear (ATCH) operates as a special purpose acquisition company (SPAC) with the primary objective of completing a significant business combination. Its core activity involves identifying and merging with, acquiring assets from, or otherwise combining with one or more existing businesses or entities. This could involve a capital share exchange, stock purchase, recapitalization, or reorganization.
As a SPAC, AtlasClear currently does not have significant operational activities or offer proprietary products or services to end customers. Its function is to provide a pathway for a private company to become publicly traded. Therefore, its "service" is the facilitation of this business combination, and its "market" consists of private companies seeking public market access and investors interested in participating in such de-SPAC transactions.
AI Analysis | Feedback
Here are a few analogies for AtlasClear:
- AtlasClear is like the Amazon Web Services (AWS) for financial institutions' trading backbone.
- AtlasClear is like Stripe for institutional trade processing.
- AtlasClear is like FedEx for stock and bond settlement.
AI Analysis | Feedback
AI Analysis | Feedback
Based on the provided background information, AtlasClear (symbol: ATCH), described as Quantum FinTech Acquisition Corporation, does not have significant operations. The company's primary intent is to effect a merger or similar business combination. Therefore, it does not currently have major customers selling goods or services.
AI Analysis | Feedback
AI Analysis | Feedback
John Schaible, Executive Chairman
Mr. Schaible has served as Executive Chairman of AtlasClear since May 2024. Prior to this, he was the Chairman and Chief Executive Officer of Quantum FinTech Acquisition Corporation from October 2020 to February 2024. Mr. Schaible is a co-founder and has served as Vice Chairman of Atlas Bank, a Latin American domiciled bank, since 2010. He has also served as Chief Executive Officer of AtlasBanc Holdings Corp. since 2012 and Atlas FinTech since 2016, both affiliates of Atlas Bank.
Sandip I. Patel, Chief Financial Officer and General Counsel
Mr. Patel has served as Chief Financial Officer and General Counsel of AtlasClear Holdings since September 2025 and as a director since February 2024. He previously served on the board of Quantum FinTech Acquisition Corporation from October 2020 to February 2024. Mr. Patel founded the law firm Sandip I. Patel, P.A., in 2000 and has been Chief Legal Counsel of Channel Investments, LLC, a medical device company, since 2017. He is a co-founding stockholder of AtlasBanc and was a co-founding stockholder and board member of Anderen Bank. Mr. Patel was also the Founder, President, and Chief Executive Officer of the Orion group of companies, a full-service real estate development company. He previously served as Head of New Business Development and M&A for national health insurance companies and as General Counsel and a partner at WellCare.
Craig Ridenhour, President
Mr. Ridenhour has served as a director and President of AtlasClear Holdings, Inc. since May 2024. He is also the President and Chief Business Development Officer and serves as Chairman of the Board for AtlasClear's wholly-owned subsidiary, Wilson-Davis & Co., Inc. Mr. Ridenhour co-founded and served as Executive Vice President of Business Development for Atlas FinTech Holdings Corp. since 2016, and AtlasBanc Holdings since 2012. He was the Managing Director of Wealth Management for Anderen Capital, a subsidiary of Anderen Financial, from 2008 until its acquisition by First United Bank in 2012.
Ilya Bogdanov, Chief Technology Officer
Mr. Bogdanov has served as Chief Technology Officer of AtlasClear since February 2024. He has also served as a Senior Vice President of Atlas Bank, a Latin American domiciled bank, since 2019, and as Vice President of Technology of Atlas FinTech Holdings since 2014. Mr. Bogdanov has been Chief Technology Officer of AtlasBanc Holdings Corp. since 2014. His previous roles include Director of Software Engineering of Value Line and Director of Infrastructure of Traffic Media.
Jeff Sime, Chief Executive Officer of Wilson-Davis & Co., Inc.
Mr. Sime was appointed Chief Executive Officer of Wilson-Davis & Co., Inc., AtlasClear Holdings' wholly-owned subsidiary, effective December 16, 2024. Before joining AtlasClear Holdings, he led Embed Clearing and successfully facilitated its approximately $236 million sale in 2022. Mr. Sime served as President and CEO of Embed Financial Technologies Inc. since February 2022 and has been President of JS Consulting since July 2023. His prior experience includes serving as President of COR Clearing LLC, which was later acquired by Axos Clearing LLC, where he continued as President until 2022.
AI Analysis | Feedback
Here are the key risks to AtlasClear's business:
- Unstable Financial Performance and Profitability: AtlasClear has historically demonstrated weak sales and an unprofitable business model, with its SMR rating indicating poor margins and return on equity relative to its peers. The company's unstable profits have led to significant drawdowns in the past five years, and its "Profit vs. Risk Rating" suggests that returns may not adequately compensate for the associated risks.
- Shareholder Dilution: AtlasClear shareholders have experienced substantial dilution in the past year. The company may issue additional capital stock in the future, including for equity financings or acquisitions, which could cause further significant dilution of ownership interests and a decline in the per-share value of its common stock.
- Regulatory and Compliance Risks: As a technology-enabled financial services firm, AtlasClear, particularly through its correspondent clearing broker-dealer Wilson-Davis & Co., Inc., is subject to extensive regulation from bodies like the SEC and FINRA. Failure to comply with these regulations can result in significant penalties, fines, liabilities, and reputational harm. The company has also identified material weaknesses in its internal control over financial reporting. Additionally, its ongoing acquisition of Commercial Bancorp of Wyoming is subject to necessary regulatory approvals.
AI Analysis | Feedback
AI Analysis | Feedback
AtlasClear (ATCH) operates as a technology-enabled financial services firm, providing a platform for trading, clearing, settlement, and banking of financial products for small and middle-market financial services firms. Its offerings include fintech assets such as foreign exchange (FX) trading and order management systems, bond analytics, back and middle office solutions, securities broker and dealer services, prime brokerage and banking, securities lending, and correspondent clearing services. The addressable markets for these products and services are substantial globally and within North America.
Addressable Markets for AtlasClear's Products and Services:
- Fintech Platforms (Trading, Clearing, Settlement, and Banking): The global fintech market was valued at approximately $394.88 billion in 2025 and is projected to reach about $1,760.18 billion by 2034, growing at a compound annual growth rate (CAGR) of 18.20%. North America held the largest share of this market, valued at $127.52 billion in 2025. Another estimate places the global fintech as a service market at approximately $416.85 billion in 2025, expanding to around $1,825.64 billion by 2035 with a CAGR of 15.92%. North America accounted for a 35% revenue share in this segment in 2025.
- Foreign Exchange (FX) Trading Software and Platforms: The global foreign exchange software market is expected to grow from $8.4 billion in 2023 to approximately $17.8 billion by 2033, at a CAGR of 7.8% from 2024 to 2033. North America led this market with a 38.5% share and $3.23 billion in revenue in 2023. The global forex trading platform market was valued at approximately $11.3 billion in 2023 and is projected to exceed $24.2 billion by 2032, with an 8.86% CAGR.
- Bond Analytics Platforms: The global bond market is a vast addressable market. It was valued at approximately $120.58 trillion in 2025 and is estimated to reach $167.52 trillion by 2031, with a CAGR of 5.62%. North America held approximately 39.02% of the global bond market size in 2025. Another report projects the global bond market to expand from $143.15 trillion in 2025 to $168.85 trillion by 2031.
- Back and Middle Office Solutions: The global middle office Business Process Outsourcing (BPO) services market was valued at approximately $23.4 billion in 2026 and is projected to reach $39.1 billion by 2033, growing at a CAGR of 7.6%. North America is the leading region in this market with approximately a 37% global market share. Additionally, the global back office outsourcing in financial services market is expected to grow from $133.08 billion in 2023 to $322.07 billion by 2033, with a CAGR of 9.24%.
- Securities Brokerage and Dealer Services: The global securities brokerage and stock exchange services market size grew from $2218.92 billion in 2025 to $2378.85 billion in 2026, with a projected growth to $3306.34 billion in 2030 at an 8.6% CAGR. North America was the largest region in this market in 2025. The United States securities brokerage market alone was valued at $201.07 billion in 2024 and is expected to reach $252.58 billion by 2030.
- Prime Brokerage and Banking Services: The prime services industry is estimated to be a $20 billion market in the U.S. The demand for prime brokerage services is driven by hedge fund assets, which reached $8.5 trillion globally.
- Securities Lending/Stock Loan Market: The global securities lending market was valued at approximately $12.16 billion in 2024 and is projected to reach $21.50 billion by 2034, growing at a CAGR of 5.7%. North America held a significant 41% share of this market in 2024. Other estimates indicate the global securities lending market to be around $10.5 billion in 2024, rising to $16 billion by 2031, or boasting an overall size of EUR 27.2 trillion (approximately $29.7 trillion) at the end of 2023. The revenue generated by the securities lending market was close to $15 billion in 2025.
- Correspondent Clearing Services: The global clearing house and settlement service market was valued at approximately $12.2 billion in 2023 and is projected to reach $20.5 billion by 2031, demonstrating a CAGR of 6.8%. The clearing houses and settlements market is expected to grow from $12.5 billion in 2025 to $16.81 billion by 2031, with North America accounting for 34.65% of the market in 2025.
AI Analysis | Feedback
AtlasClear (ATCH) is poised for future revenue growth over the next 2-3 years, driven by several strategic initiatives and market opportunities. The company, which emerged from the business combination with Quantum FinTech Acquisition Corporation, is establishing itself as a technology-enabled financial services platform.
Here are 3-5 expected drivers of future revenue growth for AtlasClear:
- Expansion of Correspondent Clearing Relationships and Services: AtlasClear has demonstrated recent revenue growth through increased client activity, higher commissions, and the expansion of its stock locate and lending services, primarily through its operating subsidiary, Wilson-Davis & Co., Inc. The company aims to grow organically by expanding these correspondent clearing relationships and their associated service offerings, targeting higher client activity and broader utilization of its platform.
- Full Integration and Monetization of Banking Infrastructure through Commercial Bancorp Acquisition: The pending acquisition of Commercial Bancorp, the parent company of Farmers State Bank, is expected to be strategically transformative. This acquisition will provide AtlasClear with a regulated banking infrastructure, including deposit capabilities, payment rails, and lending functionality. This integration is crucial for building a comprehensive clearing, banking, and financial infrastructure platform, enabling the company to offer a more complete suite of services and unlock new revenue streams.
- Development and Broader Utilization of its Technology-Enabled Financial Services Platform: AtlasClear is focused on building a cutting-edge, technology-enabled financial services platform. The company offers fintech assets such as AtlasFX, Rubicon (an order management system), SURFACExchange (a multi-lateral trading platform), and BondQuantum (a fixed-income risk management program). Enhancing and expanding this platform to support a wider spectrum of financial products, including potential cryptocurrency offerings, is expected to attract more clients and increase transaction volumes.
- Targeting and Onboarding New Small and Middle-Market Financial Institutions and Fintechs: A core part of AtlasClear's strategy is to serve small and middle-market financial services firms, including broker-dealers, hedge funds, family offices, and pension plans, that are currently underserved by larger vendors. By combining its clearing, banking, and technology solutions, AtlasClear aims to fill this market gap, driving revenue growth through customer acquisition in this specific segment.
AI Analysis | Feedback
Share Repurchases
- In July 2025, AtlasClear's Board agreed to consider allocating up to $5,000,000 from an investment tranche towards a stock buyback program at their discretion.
- As of September 2025, AtlasClear Holdings reported a 6-Month Share Buyback Ratio of -1,949.43%, indicating share issuance rather than repurchases during that period.
Share Issuance
- AtlasClear, Inc. stockholders received merger consideration in shares of the combined entity, AtlasClear Holdings, Inc., following the completion of the business combination with Quantum FinTech Acquisition Corporation in February 2024.
- Prior to the merger, Quantum FinTech Acquisition Corporation's shareholders redeemed approximately $53.1 million in shares at about $10.73 per share, leaving only 97,015 shares from the SPAC.
- AtlasClear executed a 1-for-60 reverse stock split on January 2, 2025.
Inbound Investments
- Quantum FinTech Acquisition Corporation completed its acquisition of AtlasClear, Inc. for approximately $150 million in February 2024, based on a definitive business combination agreement entered into on November 16, 2022.
- In July 2025, AtlasClear announced a restructured $45,000,000 financing and partnership with Hanire LLC, comprising an initial $20,000,000 tranche and a subsequent $25,000,000 tranche, where Hanire would acquire 19.9% equity with the remainder in convertible notes.
Outbound Investments
- As part of the business combination completed in February 2024, AtlasClear acquired technology assets from Atlas FinTech Holdings Corp.
- AtlasClear also acquired Wilson Davis & Co., Inc., a correspondent clearing broker-dealer, as part of the initial business combination.
- AtlasClear entered into and completed a share purchase agreement to acquire Commercial Bancorp of Wyoming, the parent company of Farmers State Bank, confirmed by February 2026.
Capital Expenditures
- AtlasClear reported capital expenditures of -$65,000 in the last 12 months.
- The primary focus of capital expenditures is on building a fully vertically integrated suite of cloud-based products, including account opening, trade execution, risk management, regulatory reporting, and settlement.
Peer Outperformance in Diversified Capital Markets
| Industry | Names | 1Y med | 3Y med | 5Y med | Top 3 by 5Y |
|---|---|---|---|---|---|
| Reinsurance | 6 | 28.5% | 65.3% | 117.9% | SPNT 167% · RNR 146% · RGA 144% |
| Diversified Banks | 12 | 32.7% | 129.7% | 94.2% | CM 138% · JPM 131% · RY 124% |
| Life & Health Insurance | 20 | 16.5% | 52.0% | 81.6% | JXN 489% · UNM 290% · MFC 178% |
| Investment Banking & Brokerage | 13 | -9.6% | 92.8% | 79.7% | IBKR 378% · SNEX 178% · GS 145% |
| Property & Casualty Insurance | 41 | 15.4% | 76.5% | 65.1% | TRV 175% · PGR 167% · ACGL 151% |
| Multi-line Insurance | 9 | 9.7% | 60.2% | 63.3% | GNW 109% · L 95% · AIZ 90% |
| Multi-Sector Holdings | 3 | 3.7% | 45.9% | 51.1% | BRK-B 87% · VOYA 51% · JEF 32% |
| Regional Banks | 262 | 32.9% | 88.2% | 50.3% | CBC 229% · FCNCA 153% · FBP 143% |
| Financial Exchanges & Data | 15 | 8.2% | 34.3% | 33.4% | VIRT 169% · CBOE 168% · CME 71% |
| Consumer Finance | 30 | 6.6% | 73.5% | 23.5% | ENVA 393% · EZPW 313% · FCFS 164% |
| Insurance Brokers | 15 | -8.0% | 3.9% | 12.9% | LIFE 331% · ARX 88% · AJG 65% |
| Diversified Financial Services | 4 | -2.7% | 15.7% | 9.7% | FRHC 187% · EQH 89% |
| Asset Management & Custody Banks | 82 | -9.5% | 15.3% | 6.9% | WT 304% · AAMI 248% · VCTR 245% |
| Specialized Finance | 3 | 13.7% | 32.6% | -12.0% | CACC -12% · HASI -20% |
| Commercial & Residential Mortgage Finance | 13 | -57.2% | 4.4% | -13.5% | FNMA 396% · FMCC 357% · ACT 169% |
| Mortgage REITs | 33 | -19.1% | -1.7% | -33.4% | RITM 27% · DX 18% · AGNC 8% |
| Transaction & Payment Processing Services | 17 | 4.5% | 0.3% | -43.7% | V 81% · MA 79% · CPAY 47% |
| Diversified Capital Markets ← | 20 | -52.8% | 10.5% | -66.1% | LPLA 90% · TW 39% · RIOT -51% |
Latest Trefis Analyses
| Title | Date | |
|---|---|---|
| DASHBOARDS | ||
| Can AtlasClear Stock Recover If Markets Fall? | 10/17/2025 |
| Title | |
|---|---|
| ARTICLES |
Research & Analysis
Invest in Strategies
Wealth Management
Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 83.34 |
| Mkt Cap | 20.1 |
| Rev LTM | 9,281 |
| Op Inc LTM | 2,095 |
| FCF LTM | 2,644 |
| FCF 3Y Avg | 1,799 |
| CFO LTM | 2,837 |
| CFO 3Y Avg | 1,865 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 12.0% |
| Rev Chg 3Y Avg | 12.0% |
| Rev Chg Q | 13.1% |
| QoQ Delta Rev Chg LTM | 3.1% |
| Op Inc Chg LTM | 13.8% |
| Op Inc Chg 3Y Avg | 13.7% |
| Op Mgn LTM | 20.5% |
| Op Mgn 3Y Avg | 23.2% |
| QoQ Delta Op Mgn LTM | 0.1% |
| CFO/Rev LTM | 22.8% |
| CFO/Rev 3Y Avg | 24.4% |
| FCF/Rev LTM | 19.7% |
| FCF/Rev 3Y Avg | 19.8% |
Segment Financials
Revenue by Segment| $ Mil | 2026 | 2025 | 2023 | 2022 |
|---|---|---|---|---|
| Single Segment | 20 | 11 | ||
| Clearing fees | 0 | 0 | ||
| Commissions | 6 | 12 | ||
| Fees charged to customers | 1 | 0 | ||
| Net gain/(loss) on firm trading accounts | -0 | -0 | ||
| Other | 0 | 0 | ||
| Vetting fees | 1 | 1 | ||
| Total | 20 | 11 | 9 | 13 |
| $ Mil | 2026 | 2025 |
|---|---|---|
| Single Segment | -10 | -5 |
| Total | -10 | -5 |
| $ Mil | 2026 | 2025 |
|---|---|---|
| Single Segment | 71 | 61 |
| Total | 71 | 61 |
Price Behavior
| Market Price | $0.17 | |
| Market Cap ($ Bil) | 0.0 | |
| First Trading Date | 03/10/2021 | |
| Distance from 52W High | -61.3% | |
| 50 Days | 200 Days | |
| DMA Price | $0.19 | $0.22 |
| DMA Trend | indeterminate | down |
| Distance from DMA | -10.6% | -23.4% |
| 3M | 1YR | |
| Volatility | 70.4% | 70.0% |
| Downside Capture | 163.47 | 274.19 |
| Upside Capture | 61.74 | 117.83 |
| Correlation (S&P 500) | 20.2% | 34.4% |
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 0.83 | 0.86 | 1.65 | 1.38 | 1.93 | 1.37 |
| Up Beta | 2.64 | 1.23 | 1.14 | 1.10 | 2.08 | 1.20 |
| Down Beta | 7.52 | 5.64 | 5.94 | 3.15 | 3.33 | 2.61 |
| Up Capture | 28% | 67% | 97% | 79% | 37% | -6% |
| Bmk +ve Days | 6 | 16 | 27 | 66 | 132 | 424 |
| Stock +ve Days | 9 | 19 | 29 | 54 | 105 | 288 |
| Down Capture | -73% | -63% | 98% | 120% | 160% | 113% |
| Bmk -ve Days | 16 | 26 | 37 | 60 | 120 | 328 |
| Stock -ve Days | 13 | 23 | 34 | 71 | 144 | 431 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with ATCH | |
|---|---|---|---|---|
| ATCH | -59.1% | 70.0% | -0.99 | - |
| Sector ETF (XLF) | 5.6% | 14.7% | 0.14 | 23.7% |
| Equity (SPY) | 15.8% | 12.7% | 0.86 | 34.6% |
| Gold (GLD) | -1.4% | 29.4% | -0.05 | 21.2% |
| Commodities (DBC) | 50.4% | 20.7% | 1.86 | 0.7% |
| Real Estate (VNQ) | 4.8% | 13.7% | 0.09 | 2.5% |
| Bitcoin (BTCUSD) | -25.9% | 43.6% | -0.57 | 25.9% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with ATCH | |
|---|---|---|---|---|
| ATCH | -80.8% | 179.0% | -0.39 | - |
| Sector ETF (XLF) | 9.1% | 18.3% | 0.36 | 5.6% |
| Equity (SPY) | 13.2% | 17.1% | 0.59 | 7.5% |
| Gold (GLD) | 18.4% | 18.9% | 0.79 | 2.1% |
| Commodities (DBC) | 9.6% | 19.5% | 0.37 | 1.4% |
| Real Estate (VNQ) | 1.6% | 18.8% | -0.02 | -0.4% |
| Bitcoin (BTCUSD) | 8.8% | 51.8% | 0.35 | 0.2% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with ATCH | |
|---|---|---|---|---|
| ATCH | -56.1% | 170.5% | -0.37 | - |
| Sector ETF (XLF) | 13.0% | 22.1% | 0.53 | 5.4% |
| Equity (SPY) | 15.2% | 17.9% | 0.72 | 7.4% |
| Gold (GLD) | 12.3% | 16.4% | 0.61 | 2.0% |
| Commodities (DBC) | 8.1% | 18.1% | 0.36 | 1.3% |
| Real Estate (VNQ) | 5.2% | 20.7% | 0.21 | -0.4% |
| Bitcoin (BTCUSD) | 63.2% | 66.2% | 1.03 | 0.3% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Returns Analyses
Earnings Returns History
Updated 10/15/2026| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 9/24/2026 | -3.6% | 3.1% | |
| 5/13/2026 | -4.6% | -13.0% | -22.0% |
| 2/13/2026 | 0.1% | 0.0% | -14.5% |
| 12/1/2025 | 7.6% | 16.3% | -15.6% |
| 9/30/2025 | -10.2% | -22.5% | -18.2% |
| SUMMARY STATS | |||
| # Positive | 2 | 3 | 0 |
| # Negative | 3 | 2 | 4 |
| Median Positive | 3.8% | 3.1% | |
| Median Negative | -4.6% | -17.8% | -16.9% |
| Max Positive | 7.6% | 16.3% | |
| Max Negative | -10.2% | -22.5% | -22.0% |
| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 9/24/2026 | -3.6% | 3.1% | |
| 5/13/2026 | -4.6% | -13.0% | -22.0% |
| 2/13/2026 | 0.1% | 0.0% | -14.5% |
| 12/1/2025 | 7.6% | 16.3% | -15.6% |
| 9/30/2025 | -10.2% | -22.5% | -18.2% |
| SUMMARY STATS | |||
| # Positive | 2 | 3 | 0 |
| # Negative | 3 | 2 | 4 |
| Median Positive | 3.8% | 3.1% | |
| Median Negative | -4.6% | -17.8% | -16.9% |
| Max Positive | 7.6% | 16.3% | |
| Max Negative | -10.2% | -22.5% | -22.0% |
AtlasClear — Investor Video Playlist
Industry Resources
| Financials Resources |
| Federal Reserve Economic Data |
| Federal Reserve |
| FDIC Data |
| American Banker |
| The Banker |
| Banking Technology |
| Diversified Capital Markets Resources |
| International Financing Review (IFR) |
| Financial News |
| Global Capital |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
Prefer one of these to Trefis? Tell us why.