Wilson-Davis reports 113% revenue growth in October

Published 01/12/2025, 13:20
Wilson-Davis reports 113% revenue growth in October

TAMPA - Wilson-Davis & Co., a subsidiary of AtlasClear Holdings, Inc. (NYSE American:ATCH), reported significant financial growth for October 2025, according to a company press release issued Monday.

The broker-dealer posted revenue of $3,051,661, representing a 113% increase compared to $1,433,626 in October 2024. Net income rose to $940,268, up 169% from $349,447 in the same month last year. The firm’s net capital reached $14,935,193 as of October 31, 2025, a 40% increase from $10,641,242 a year earlier. This performance aligns with InvestingPro data showing AtlasClear’s impressive 80.78% revenue growth over the last twelve months, with analysts expecting continued growth this year.

Craig Ridenhour, President of AtlasClear Holdings, attributed the performance to "elevated client activity, growing underwriting activity, and strong operating leverage." He noted that October was "one of the strongest months" since the company acquired Wilson-Davis. The company’s stock has demonstrated significant momentum, with a 54.95% price return over the past six months despite experiencing high volatility.

AtlasClear Holdings, which describes itself as a technology-enabled financial services platform, is working to modernize trading, clearing, settlement, and banking services. The company is also pursuing an acquisition of Commercial Bancorp of Wyoming, which remains pending. According to InvestingPro analysis, AtlasClear appears undervalued at its current price, with additional ProTips and comprehensive research available through the Pro Research Report, covering what really matters for investors considering this stock.

Wilson-Davis & Co. is a full-service correspondent broker-dealer registered with the SEC and FINRA. Its parent company, AtlasClear Holdings, trades on the NYSE American exchange under the ticker ATCH.

The October financial results were reported in Wilson-Davis’s FOCUS Report filed with FINRA, a monthly regulatory filing required for broker-dealers.

In other recent news, AtlasClear Holdings Inc. reported a notable increase in revenue during its Q1 2025 earnings call, highlighting a significant year-over-year growth. The company attributed this growth to its strategic focus on technology integration and expansion in digital assets. Despite the revenue gains, AtlasClear experienced a net loss for the quarter, although it managed to narrow its operating losses. These developments are part of the company’s broader plans for future growth. The earnings report did not mention any changes in analyst ratings or forecasts. However, the company’s strategic shifts indicate a continued emphasis on evolving its technological and digital asset capabilities. These recent developments provide investors with insights into AtlasClear’s ongoing strategies and financial performance.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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