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Side-by-side financial comparison of AtlasClear Holdings, Inc. (ATCH) and Mawson Infrastructure Group Inc. (MIGI). Click either name above to swap in a different company.
AtlasClear Holdings, Inc. is the larger business by last-quarter revenue ($5.1M vs $3.2M, roughly 1.6× Mawson Infrastructure Group Inc.). On growth, AtlasClear Holdings, Inc. posted the faster year-over-year revenue change (84.1% vs -78.5%).
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...
Mawson Infrastructure Group Inc. is a global digital infrastructure provider that operates sustainable, energy-efficient data centers and specialized hosting solutions for blockchain and digital asset operations. Its core segments include cryptocurrency mining, colocation services, and low-carbon infrastructure development, with primary operational footprints across North America and Australia.
ATCH vs MIGI — Head-to-Head
Income Statement — Q2 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $5.1M | $3.2M |
| Net Profit | $6.8M | — |
| Gross Margin | — | — |
| Operating Margin | -48.6% | — |
| Net Margin | 134.2% | — |
| Revenue YoY | 84.1% | -78.5% |
| Net Profit YoY | 1716.5% | -246.2% |
| 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 | $3.2M | ||
| Q3 25 | $4.3M | $13.2M | ||
| Q2 25 | $2.8M | $9.5M | ||
| Q1 25 | $2.5M | $13.8M | ||
| Q4 24 | $2.7M | $15.1M | ||
| Q3 24 | $2.8M | $12.3M | ||
| Q2 24 | — | $13.1M | ||
| Q1 24 | $1.3M | $18.8M |
| Q4 25 | $6.8M | — | ||
| Q3 25 | $-440.3K | $327.7K | ||
| Q2 25 | $-1.7M | $-8.0M | ||
| Q1 25 | $-2.9M | $-310.9K | ||
| Q4 24 | $-419.7K | $-4.5M | ||
| Q3 24 | $10.7M | $-12.2M | ||
| Q2 24 | — | $-9.6M | ||
| Q1 24 | $-88.6M | $-19.8M |
| Q4 25 | — | — | ||
| Q3 25 | — | 65.0% | ||
| Q2 25 | — | 41.3% | ||
| Q1 25 | — | 42.9% | ||
| Q4 24 | — | 30.9% | ||
| Q3 24 | — | 35.1% | ||
| Q2 24 | — | 32.9% | ||
| Q1 24 | — | 37.2% |
| Q4 25 | -48.6% | — | ||
| Q3 25 | -20.6% | 12.0% | ||
| Q2 25 | -63.5% | -68.9% | ||
| Q1 25 | -42.2% | 4.2% | ||
| Q4 24 | -41.8% | -35.2% | ||
| Q3 24 | -33.6% | -92.6% | ||
| Q2 24 | — | -51.5% | ||
| Q1 24 | -1091.5% | -41.0% |
| Q4 25 | 134.2% | — | ||
| Q3 25 | -10.4% | 2.5% | ||
| Q2 25 | -60.6% | -84.1% | ||
| Q1 25 | -114.1% | -2.3% | ||
| Q4 24 | -15.3% | -30.0% | ||
| Q3 24 | 383.3% | -99.3% | ||
| Q2 24 | — | -73.4% | ||
| Q1 24 | -6970.8% | -105.3% |
| Q4 25 | $0.05 | — | ||
| Q3 25 | $-0.01 | $0.01 | ||
| Q2 25 | — | $-0.40 | ||
| Q1 25 | — | $-0.02 | ||
| Q4 24 | $-1.11 | $-49.35 | ||
| Q3 24 | $-1.90 | $-0.66 | ||
| Q2 24 | — | $-0.55 | ||
| Q1 24 | — | $-1.19 |
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 | $13.3M |
| Total DebtLower is stronger | — | $25.2M |
| Stockholders' EquityBook value | $21.7M | $-3.1M |
| Total Assets | $77.6M | $57.4M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $23.1M | $13.3M | ||
| Q3 25 | $2.7M | $2.3M | ||
| Q2 25 | $7.5M | $3.2M | ||
| Q1 25 | $7.8M | $5.5M | ||
| Q4 24 | $6.9M | $6.1M | ||
| Q3 24 | $6.8M | $5.8M | ||
| Q2 24 | — | $6.8M | ||
| Q1 24 | $7.2M | $6.4M |
| Q4 25 | — | $25.2M | ||
| Q3 25 | — | — | ||
| Q2 25 | $980.1K | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $8.1M | $20.9M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | $393.2K | ||
| Q1 24 | — | $41.5K |
| Q4 25 | $21.7M | $-3.1M | ||
| Q3 25 | $6.9M | $-9.4M | ||
| Q2 25 | $-6.8M | $-8.3M | ||
| Q1 25 | $-14.0M | $-1.4M | ||
| Q4 24 | $-23.2M | $-3.2M | ||
| Q3 24 | $-23.2M | $-1.6M | ||
| Q2 24 | — | $4.4M | ||
| Q1 24 | $-6.8M | $13.0M |
| Q4 25 | $77.6M | $57.4M | ||
| Q3 25 | $73.6M | $52.0M | ||
| Q2 25 | $60.9M | $52.7M | ||
| Q1 25 | $55.0M | $57.9M | ||
| Q4 24 | $56.0M | $61.4M | ||
| Q3 24 | $56.0M | $60.8M | ||
| Q2 24 | — | $65.6M | ||
| Q1 24 | $76.4M | $67.7M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 0.09× | ||
| Q1 24 | — | 0.00× |
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 | $-6.9M |
| Free Cash FlowOCF − Capex | — | $-7.0M |
| FCF MarginFCF / Revenue | — | -218.1% |
| Capex IntensityCapex / Revenue | — | 4.6% |
| Cash ConversionOCF / Net Profit | 0.22× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-10.6M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.5M | $-6.9M | ||
| Q3 25 | $-2.5M | $-844.5K | ||
| Q2 25 | $1.9M | $-2.1M | ||
| Q1 25 | $-1.8M | $-510.4K | ||
| Q4 24 | $585.8K | $3.6M | ||
| Q3 24 | $175.6K | $-1.2M | ||
| Q2 24 | — | $2.5M | ||
| Q1 24 | $-13.3M | $1.9M |
| Q4 25 | — | $-7.0M | ||
| Q3 25 | — | $-859.7K | ||
| Q2 25 | — | $-2.1M | ||
| Q1 25 | — | $-516.9K | ||
| Q4 24 | — | $1.6M | ||
| Q3 24 | — | $-1.3M | ||
| Q2 24 | — | $592.4K | ||
| Q1 24 | — | $1.9M |
| Q4 25 | — | -218.1% | ||
| Q3 25 | — | -6.5% | ||
| Q2 25 | — | -22.3% | ||
| Q1 25 | — | -3.7% | ||
| Q4 24 | — | 10.7% | ||
| Q3 24 | — | -10.4% | ||
| Q2 24 | — | 4.5% | ||
| Q1 24 | — | 9.9% |
| Q4 25 | — | 4.6% | ||
| Q3 25 | — | 0.1% | ||
| Q2 25 | — | 0.5% | ||
| Q1 25 | — | 0.0% | ||
| Q4 24 | — | 13.0% | ||
| Q3 24 | — | 0.3% | ||
| Q2 24 | — | 14.3% | ||
| Q1 24 | — | 0.1% |
| Q4 25 | 0.22× | — | ||
| Q3 25 | — | -2.58× | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 0.02× | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
