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Side-by-side financial comparison of AtlasClear Holdings, Inc. (ATCH) and Hut 8 Corp. (HUT). Click either name above to swap in a different company.
Hut 8 Corp. is the larger business by last-quarter revenue ($88.5M vs $5.1M, roughly 17.5× AtlasClear Holdings, Inc.). AtlasClear Holdings, Inc. runs the higher net margin — 134.2% vs -316.0%, a 450.2% gap on every dollar of revenue. On growth, Hut 8 Corp. posted the faster year-over-year revenue change (179.2% vs 84.1%). Over the past eight quarters, AtlasClear Holdings, Inc.'s revenue compounded faster (99.5% CAGR vs 30.8%).
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...
Tropical Hut is a Filipino chain of fast food restaurants owned by Mercury Group of Companies, Inc. It is the 7th oldest food chain in the Philippines and older than Jollibee (1978) and McDonald's Philippines (1981).
ATCH vs HUT — Head-to-Head
Income Statement — Q2 2026 vs Q4 2025
| Metric | | |
|---|---|---|
| Revenue | $5.1M | $88.5M |
| Net Profit | $6.8M | $-279.7M |
| Gross Margin | — | 60.4% |
| Operating Margin | -48.6% | -491.4% |
| Net Margin | 134.2% | -316.0% |
| Revenue YoY | 84.1% | 179.2% |
| Net Profit YoY | 1716.5% | -283.7% |
| EPS (diluted) | $0.05 | $-2.45 |
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 | $88.5M | ||
| Q3 25 | $4.3M | $83.5M | ||
| Q2 25 | $2.8M | $41.3M | ||
| Q1 25 | $2.5M | $21.8M | ||
| Q4 24 | $2.7M | $31.7M | ||
| Q3 24 | $2.8M | $43.7M | ||
| Q2 24 | — | $35.2M | ||
| Q1 24 | $1.3M | $51.7M |
| Q4 25 | $6.8M | $-279.7M | ||
| Q3 25 | $-440.3K | $50.1M | ||
| Q2 25 | $-1.7M | $137.3M | ||
| Q1 25 | $-2.9M | $-133.9M | ||
| Q4 24 | $-419.7K | $152.2M | ||
| Q3 24 | $10.7M | $647.0K | ||
| Q2 24 | — | $-71.9M | ||
| Q1 24 | $-88.6M | $250.9M |
| Q4 25 | — | 60.4% | ||
| Q3 25 | — | 61.3% | ||
| Q2 25 | — | 47.3% | ||
| Q1 25 | — | 14.5% | ||
| Q4 24 | — | 35.9% | ||
| Q3 24 | — | 59.9% | ||
| Q2 24 | — | 41.4% | ||
| Q1 24 | — | 45.6% |
| Q4 25 | -48.6% | -491.4% | ||
| Q3 25 | -20.6% | 87.0% | ||
| Q2 25 | -63.5% | — | ||
| Q1 25 | -42.2% | -676.8% | ||
| Q4 24 | -41.8% | — | ||
| Q3 24 | -33.6% | -3.6% | ||
| Q2 24 | — | -246.2% | ||
| Q1 24 | -1091.5% | — |
| Q4 25 | 134.2% | -316.0% | ||
| Q3 25 | -10.4% | 60.0% | ||
| Q2 25 | -60.6% | 332.5% | ||
| Q1 25 | -114.1% | -613.7% | ||
| Q4 24 | -15.3% | 480.3% | ||
| Q3 24 | 383.3% | 1.5% | ||
| Q2 24 | — | -204.1% | ||
| Q1 24 | -6970.8% | 484.9% |
| Q4 25 | $0.05 | $-2.45 | ||
| Q3 25 | $-0.01 | $0.43 | ||
| Q2 25 | — | $1.18 | ||
| Q1 25 | — | $-1.30 | ||
| Q4 24 | $-1.11 | $1.41 | ||
| Q3 24 | $-1.90 | $0.01 | ||
| Q2 24 | — | $-0.78 | ||
| Q1 24 | — | $2.76 |
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 | $44.9M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $21.7M | $1.4B |
| Total Assets | $77.6M | $2.8B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $23.1M | $44.9M | ||
| Q3 25 | $2.7M | $33.5M | ||
| Q2 25 | $7.5M | $216.3M | ||
| Q1 25 | $7.8M | $108.4M | ||
| Q4 24 | $6.9M | $85.0M | ||
| Q3 24 | $6.8M | — | ||
| Q2 24 | — | — | ||
| Q1 24 | $7.2M | $11.5M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | $980.1K | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $8.1M | $300.6M | ||
| Q3 24 | — | $297.3M | ||
| Q2 24 | — | $328.8M | ||
| Q1 24 | — | $177.6M |
| Q4 25 | $21.7M | $1.4B | ||
| Q3 25 | $6.9M | $1.4B | ||
| Q2 25 | $-6.8M | $1.3B | ||
| Q1 25 | $-14.0M | $960.0M | ||
| Q4 24 | $-23.2M | $976.7M | ||
| Q3 24 | $-23.2M | $703.9M | ||
| Q2 24 | — | $660.1M | ||
| Q1 24 | $-6.8M | $732.0M |
| Q4 25 | $77.6M | $2.8B | ||
| Q3 25 | $73.6M | $2.7B | ||
| Q2 25 | $60.9M | $2.0B | ||
| Q1 25 | $55.0M | $1.6B | ||
| Q4 24 | $56.0M | $1.5B | ||
| Q3 24 | $56.0M | $1.1B | ||
| Q2 24 | — | $1.1B | ||
| Q1 24 | $76.4M | $999.0M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 0.31× | ||
| Q3 24 | — | 0.42× | ||
| Q2 24 | — | 0.50× | ||
| Q1 24 | — | 0.24× |
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 | $-57.4M |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | 0.22× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.5M | $-57.4M | ||
| Q3 25 | $-2.5M | $770.0K | ||
| Q2 25 | $1.9M | $-48.8M | ||
| Q1 25 | $-1.8M | $-33.8M | ||
| Q4 24 | — | $-21.6M | ||
| Q3 24 | $175.6K | $-4.2M | ||
| Q2 24 | — | $-16.4M | ||
| Q1 24 | $-13.3M | $-26.3M |
| Q4 25 | 0.22× | — | ||
| Q3 25 | — | 0.02× | ||
| Q2 25 | — | -0.36× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | -0.14× | ||
| Q3 24 | 0.02× | -6.49× | ||
| Q2 24 | — | — | ||
| Q1 24 | — | -0.11× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ATCH
Segment breakdown not available.
HUT
| High Performance Computing Colocation And Cloud | $81.9M | 93% |
| Power | $5.0M | 6% |
| Digital Infrastructure | $1.6M | 2% |
