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Side-by-side financial comparison of AtlasClear Holdings, Inc. (ATCH) and 22nd Century Group, Inc. (XXII), based on the latest 10-Q / 10-K filings. Click either name above to swap in a different company.
AtlasClear Holdings, Inc. is the larger business by last-quarter revenue ($5.1M vs $3.5M, roughly 1.4× 22nd Century Group, Inc.). AtlasClear Holdings, Inc. runs the higher net margin — 134.2% vs -79.4%, a 213.5% gap on every dollar of revenue. On growth, AtlasClear Holdings, Inc. posted the faster year-over-year revenue change (84.1% vs -12.0%). Over the past eight quarters, AtlasClear Holdings, Inc.'s revenue compounded faster (99.5% CAGR vs -26.1%).
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...
22nd Century Media was an American media company based in the suburbs of Chicago. The company was founded in 2005 and at one time published 14 weekly community newspapers. The publications had roughly 160,000 subscribers.
ATCH vs XXII — Head-to-Head
Income Statement — Q2 2026 vs Q4 2025
| Metric | | |
|---|---|---|
| Revenue | $5.1M | $3.5M |
| Net Profit | $6.8M | $-2.8M |
| Gross Margin | — | — |
| Operating Margin | -48.6% | -79.2% |
| Net Margin | 134.2% | -79.4% |
| Revenue YoY | 84.1% | -12.0% |
| Net Profit YoY | 1716.5% | 38.4% |
| EPS (diluted) | $0.05 | $-36.48 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align — see 8-quarter trend below.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history — bar widths are scaled to the larger of the two companies so you can eyeball the size gap and growth trajectory without doing math. Quarters aligned by calendar period (report date) so offset fiscal years line up.
| Q4 25 | $5.1M | $3.5M | ||
| Q3 25 | $4.3M | $4.0M | ||
| Q2 25 | $2.8M | $4.1M | ||
| Q1 25 | $2.5M | $6.0M | ||
| Q4 24 | $2.7M | $4.0M | ||
| Q3 24 | $2.8M | $5.9M | ||
| Q2 24 | — | $7.9M | ||
| Q1 24 | $1.3M | $6.5M |
| Q4 25 | $6.8M | $-2.8M | ||
| Q3 25 | $-440.3K | $5.5M | ||
| Q2 25 | $-1.7M | $-3.4M | ||
| Q1 25 | $-2.9M | $-4.3M | ||
| Q4 24 | $-419.7K | $-4.6M | ||
| Q3 24 | $10.7M | $-3.8M | ||
| Q2 24 | — | $-1.1M | ||
| Q1 24 | $-88.6M | $-5.7M |
| Q4 25 | — | — | ||
| Q3 25 | — | 36.3% | ||
| Q2 25 | — | 29.9% | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 47.8% | ||
| Q2 24 | — | 51.3% | ||
| Q1 24 | — | — |
| Q4 25 | -48.6% | -79.2% | ||
| Q3 25 | -20.6% | -80.1% | ||
| Q2 25 | -63.5% | -73.0% | ||
| Q1 25 | -42.2% | -43.1% | ||
| Q4 24 | -41.8% | -101.8% | ||
| Q3 24 | -33.6% | -56.8% | ||
| Q2 24 | — | -25.8% | ||
| Q1 24 | -1091.5% | -68.5% |
| Q4 25 | 134.2% | -79.4% | ||
| Q3 25 | -10.4% | 136.8% | ||
| Q2 25 | -60.6% | -83.4% | ||
| Q1 25 | -114.1% | -72.7% | ||
| Q4 24 | -15.3% | -113.3% | ||
| Q3 24 | 383.3% | -63.2% | ||
| Q2 24 | — | -14.0% | ||
| Q1 24 | -6970.8% | -88.7% |
| Q4 25 | $0.05 | $-36.48 | ||
| Q3 25 | $-0.01 | $-0.28 | ||
| Q2 25 | — | $-13.61 | ||
| Q1 25 | — | $-2.50 | ||
| Q4 24 | $-1.11 | $-42962.00 | ||
| Q3 24 | $-1.90 | $-1760.26 | ||
| Q2 24 | — | $-593.72 | ||
| Q1 24 | — | $-395.07 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest filing — the kind of financial-strength check premium terminals charge for.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $23.1M | $7.1M |
| Total DebtLower is stronger | — | $708.0K |
| Stockholders' EquityBook value | $21.7M | $15.8M |
| Total Assets | $77.6M | $27.0M |
| Debt / EquityLower = less leverage | — | 0.04× |
8-quarter trend — quarters aligned by calendar period so offset fiscal years match up.
| Q4 25 | $23.1M | $7.1M | ||
| Q3 25 | $2.7M | $4.8M | ||
| Q2 25 | $7.5M | $3.1M | ||
| Q1 25 | $7.8M | $1.1M | ||
| Q4 24 | $6.9M | $4.4M | ||
| Q3 24 | $6.8M | $5.3M | ||
| Q2 24 | — | $1.3M | ||
| Q1 24 | $7.2M | $1.5M |
| Q4 25 | — | $708.0K | ||
| Q3 25 | — | — | ||
| Q2 25 | $980.1K | $3.2M | ||
| Q1 25 | — | $3.9M | ||
| Q4 24 | $8.1M | $6.7M | ||
| Q3 24 | — | $7.0M | ||
| Q2 24 | — | $7.5M | ||
| Q1 24 | — | $14.7M |
| Q4 25 | $21.7M | $15.8M | ||
| Q3 25 | $6.9M | $18.4M | ||
| Q2 25 | $-6.8M | $5.6M | ||
| Q1 25 | $-14.0M | $3.6M | ||
| Q4 24 | $-23.2M | $4.0M | ||
| Q3 24 | $-23.2M | $3.5M | ||
| Q2 24 | — | $-955.0K | ||
| Q1 24 | $-6.8M | $-11.6M |
| Q4 25 | $77.6M | $27.0M | ||
| Q3 25 | $73.6M | $32.4M | ||
| Q2 25 | $60.9M | $22.4M | ||
| Q1 25 | $55.0M | $21.5M | ||
| Q4 24 | $56.0M | $21.7M | ||
| Q3 24 | $56.0M | $26.2M | ||
| Q2 24 | — | $24.1M | ||
| Q1 24 | $76.4M | $24.6M |
| Q4 25 | — | 0.04× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 0.57× | ||
| Q1 25 | — | 1.08× | ||
| Q4 24 | — | 1.66× | ||
| Q3 24 | — | 2.02× | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Net income can be massaged; cash flow is harder to fake.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $1.5M | $2.7M |
| Free Cash FlowOCF − Capex | — | $2.7M |
| FCF MarginFCF / Revenue | — | 77.3% |
| Capex IntensityCapex / Revenue; lower = less reinvestment burden | — | 0.5% |
| Cash ConversionOCF / Net Profit; >1× = earnings back up with cash | 0.22× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-7.8M |
8-quarter trend — quarters aligned by calendar period so offset fiscal years match up.
| Q4 25 | $1.5M | $2.7M | ||
| Q3 25 | $-2.5M | $-4.0M | ||
| Q2 25 | $1.9M | $-3.5M | ||
| Q1 25 | $-1.8M | $-3.0M | ||
| Q4 24 | — | $-4.4M | ||
| Q3 24 | $175.6K | $-3.0M | ||
| Q2 24 | — | $-4.7M | ||
| Q1 24 | $-13.3M | $-2.3M |
| Q4 25 | — | $2.7M | ||
| Q3 25 | — | $-4.0M | ||
| Q2 25 | — | $-3.5M | ||
| Q1 25 | — | $-3.0M | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $-3.0M | ||
| Q2 24 | — | $-4.8M | ||
| Q1 24 | — | $-2.3M |
| Q4 25 | — | 77.3% | ||
| Q3 25 | — | -100.3% | ||
| Q2 25 | — | -85.9% | ||
| Q1 25 | — | -50.1% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | -51.2% | ||
| Q2 24 | — | -60.1% | ||
| Q1 24 | — | -35.0% |
| Q4 25 | — | 0.5% | ||
| Q3 25 | — | 0.1% | ||
| Q2 25 | — | 0.7% | ||
| Q1 25 | — | 0.2% | ||
| Q4 24 | — | 0.0% | ||
| Q3 24 | — | 1.2% | ||
| Q2 24 | — | 0.8% | ||
| Q1 24 | — | 0.1% |
| Q4 25 | 0.22× | — | ||
| Q3 25 | — | -0.73× | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 0.02× | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
Financial Flow Comparison
Sankey diagram of revenue → gross profit → operating profit → net profit for each company. Charts shown full-width and stacked so both segment hierarchies are readable side-by-side on desktop and mobile.
