What specific factors drove Wilson-Davis' 128% year-over-year revenue increase in October 2025, as reported in December?

AtlasClear Holdings, Inc.'s (US:ATCH) wholly-owned subsidiary, Wilson-Davis & Co., reported a 113% year-over-year revenue increase for October 2025, reaching $3,051,661 compared to $1,433,626 in October 2024. This performance was detailed in a December 1, 2025 press release accompanying Wilson-Davis's October 2025 FOCUS Report filing with FINRA.1

The primary factors cited for this significant revenue growth include:

• Elevated Client Activity: Increased engagement and transactions from clients contributed substantially to the revenue surge.1
• Growing Underwriting Activity: An expansion in underwriting services also played a key role in the strong October results.1
• Strong Operating Leverage: The company benefited from its operational structure, allowing a larger portion of increased revenue to translate into higher net income, which rose by 169% year-over-year to $940,268 in October 2025.1

Broader growth drivers for Wilson-Davis, as noted in other filings, include the scaling of its correspondent clearing business, double-digit month-over-month revenue growth from its stock loan platform, and new pathways opened through fintech partnerships.2 The growth of clearing services for introducing broker customers is also anticipated to be a key driver for future revenue goals.3