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Side-by-side financial comparison of AtlasClear Holdings, Inc. (ATCH) and BTC Digital Ltd. (BTCT). Click either name above to swap in a different company.
AtlasClear Holdings, Inc. is the larger business by last-quarter revenue ($5.1M vs $4.1M, roughly 1.2× BTC Digital Ltd.). AtlasClear Holdings, Inc. runs the higher net margin — 134.2% vs 0.4%, a 133.7% gap on every dollar of revenue.
Atlas Comics was the 1950s comic-book publishing label that evolved into Marvel Comics. Magazine and paperback novel publisher Martin Goodman, whose business strategy involved having a multitude of corporate entities, used Atlas as the umbrella name for his comic-book division during this time. Atlas evolved out of Goodman's 1940s comic-book division, Timely Comics, and was located on the 14th floor of the Empire State Building. This company is distinct from the 1970s comic-book company, also...
BTC Digital Ltd. is a cryptocurrency enterprise focused primarily on Bitcoin mining operations. It manages high-performance computing hardware clusters to validate blockchain transactions and earn Bitcoin rewards, with core operations spanning North America and parts of Southeast Asia, serving the global digital asset ecosystem.
ATCH vs BTCT — Head-to-Head
Income Statement — Q2 FY2026 vs Q4 FY2024
| Metric | | |
|---|---|---|
| Revenue | $5.1M | $4.1M |
| Net Profit | $6.8M | $17.0K |
| Gross Margin | — | 17.4% |
| Operating Margin | -48.6% | -10.6% |
| Net Margin | 134.2% | 0.4% |
| Revenue YoY | 84.1% | — |
| Net Profit YoY | 1716.5% | — |
| EPS (diluted) | $0.05 | — |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q4 25 | $5.1M | — | ||
| Q3 25 | $4.3M | — | ||
| Q2 25 | $2.8M | — | ||
| Q1 25 | $2.5M | — | ||
| Q4 24 | $2.7M | $4.1M | ||
| Q3 24 | $2.8M | $2.6M | ||
| Q2 24 | — | $2.3M | ||
| Q1 24 | $1.3M | $2.6M |
| Q4 25 | $6.8M | — | ||
| Q3 25 | $-440.3K | — | ||
| Q2 25 | $-1.7M | — | ||
| Q1 25 | $-2.9M | — | ||
| Q4 24 | $-419.7K | $17.0K | ||
| Q3 24 | $10.7M | $-571.0K | ||
| Q2 24 | — | $-704.0K | ||
| Q1 24 | $-88.6M | $-731.0K |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 17.4% | ||
| Q3 24 | — | -10.2% | ||
| Q2 24 | — | -9.2% | ||
| Q1 24 | — | -4.8% |
| Q4 25 | -48.6% | — | ||
| Q3 25 | -20.6% | — | ||
| Q2 25 | -63.5% | — | ||
| Q1 25 | -42.2% | — | ||
| Q4 24 | -41.8% | -10.6% | ||
| Q3 24 | -33.6% | -21.2% | ||
| Q2 24 | — | -27.0% | ||
| Q1 24 | -1091.5% | -40.3% |
| Q4 25 | 134.2% | — | ||
| Q3 25 | -10.4% | — | ||
| Q2 25 | -60.6% | — | ||
| Q1 25 | -114.1% | — | ||
| Q4 24 | -15.3% | 0.4% | ||
| Q3 24 | 383.3% | -22.3% | ||
| Q2 24 | — | -30.2% | ||
| Q1 24 | -6970.8% | -27.6% |
| Q4 25 | $0.05 | — | ||
| Q3 25 | $-0.01 | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $-1.11 | — | ||
| Q3 24 | $-1.90 | $-0.21 | ||
| Q2 24 | — | $-0.27 | ||
| Q1 24 | — | $-0.30 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $23.1M | $14.9M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $21.7M | $39.9M |
| Total Assets | $77.6M | $41.1M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $23.1M | — | ||
| Q3 25 | $2.7M | — | ||
| Q2 25 | $7.5M | — | ||
| Q1 25 | $7.8M | — | ||
| Q4 24 | $6.9M | $14.9M | ||
| Q3 24 | $6.8M | $27.0K | ||
| Q2 24 | — | $287.0K | ||
| Q1 24 | $7.2M | $32.0K |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | $980.1K | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $8.1M | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $21.7M | — | ||
| Q3 25 | $6.9M | — | ||
| Q2 25 | $-6.8M | — | ||
| Q1 25 | $-14.0M | — | ||
| Q4 24 | $-23.2M | $39.9M | ||
| Q3 24 | $-23.2M | $20.4M | ||
| Q2 24 | — | $19.6M | ||
| Q1 24 | $-6.8M | $20.3M |
| Q4 25 | $77.6M | — | ||
| Q3 25 | $73.6M | — | ||
| Q2 25 | $60.9M | — | ||
| Q1 25 | $55.0M | — | ||
| Q4 24 | $56.0M | $41.1M | ||
| Q3 24 | $56.0M | $25.1M | ||
| Q2 24 | — | $24.7M | ||
| Q1 24 | $76.4M | $24.6M |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $1.5M | $-1.8M |
| Free Cash FlowOCF − Capex | — | $-3.1M |
| FCF MarginFCF / Revenue | — | -75.4% |
| Capex IntensityCapex / Revenue | — | 31.2% |
| Cash ConversionOCF / Net Profit | 0.22× | -107.53× |
| TTM Free Cash FlowTrailing 4 quarters | — | $-3.8M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.5M | — | ||
| Q3 25 | $-2.5M | — | ||
| Q2 25 | $1.9M | — | ||
| Q1 25 | $-1.8M | — | ||
| Q4 24 | $585.8K | $-1.8M | ||
| Q3 24 | $175.6K | $-284.0K | ||
| Q2 24 | — | $3.5M | ||
| Q1 24 | $-13.3M | $172.0K |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $-3.1M | ||
| Q3 24 | — | $-294.0K | ||
| Q2 24 | — | $77.0K | ||
| Q1 24 | — | $-433.0K |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | -75.4% | ||
| Q3 24 | — | -11.5% | ||
| Q2 24 | — | 3.3% | ||
| Q1 24 | — | -16.3% |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 31.2% | ||
| Q3 24 | — | 0.4% | ||
| Q2 24 | — | 146.8% | ||
| Q1 24 | — | 22.8% |
| Q4 25 | 0.22× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | -107.53× | ||
| Q3 24 | 0.02× | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
