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2/13/2026
Good morning. Welcome to Atlas Clear Holdings Fiscal Second Quarter 2026 Earnings Call. If anyone should require operator assistance during the conference, please press star zero on your telephone keypad. As a reminder, this call is being recorded. Joining us today are John Shively, Executive Chairman, Craig Reidenauer, President, Sandy Patel, Chief Financial Officer and General Counsel, Jeff Ramson of PCG Advisory, who will provide the safe harbor statement and manage Q&A. I will now turn the call over to Jeff Ramson.
Thanks, Operator, and good morning, everyone. Before we begin, I'd like to remind listeners that today's discussion may include forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are subject to risks and uncertainties that could cause actual results to differ materially from expectations. For additional information, please refer to Atlas Clear's Form 10-Q for the quarter ended December 31st, 2025, and other filings with the SEC. Atlas Clear undertakes no obligation to update forward-looking statements except as required by law. With that, I'll turn the call over to Atlas Clear's Executive Chairman, John Scheible.
Thank you, Jeff, and good morning, everyone. Thanks for joining us. I want to start by taking a step back for a moment. Over the last couple of years, our focus has been on strengthening Atlas Clear's foundation, simplifying the balance sheet, improving financial flexibility, and ensuring our platform is positioned to operate the way we intend it to over the long term. The December quarter marks a clear inflection point for the company. From the very beginning, we've been very clear about our objectives to build a modern technology-enabled financial infrastructure platform designed to serve smaller and mid-sized institutions. firms that are often underserved by larger incumbents. The work of the past two years was about creating the foundation to do that responsibly. In the December quarter, we're now seeing that vision move into execution. That progress showed up in our results. Revenue grew 84% year over year. We reported net income of 6.8 million. Stockholders' equity turned positive to 21.7 million, and this is an accomplishment that we need to highlight. That means from our year end of 2024, we have increased our stockholders' equity by nearly $60 million. Finally, we ended the quarter with $46.2 million in cash and restricted cash. Stepping back more broadly, the current market environment is becoming increasingly constructive for our model. As the markets stabilize and expectations around interest rates evolve, we're seeing greater engagement from broker-dealers and financial institutions focused on operating more efficiently, managing their risk, modernizing their infrastructure, expanding beyond traditional equities into a wider range of products and services, and firms are placing greater emphasis on flexibility, capital efficiency, and operational control. We believe this dynamic aligns really well with the strengths of Atlas Clear's clearing-centric platform. With that context, I'll turn it over to our president, Craig Ridenour, to walk through operational highlights from the quarter and how we're entering 2026.
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