Securitize (SECZ) Q2 2026 earnings summary

Executive summary

• Achieved $5 billion in tokenized/onchain assets under management (AUM), the largest in the industry, with seven assets above $100 million each, and record H1 2026 revenue of $33.9 million, up 15.8% year-over-year, driven by asset servicing growth.

• Expanded major institutional partnerships, including BlackRock, NYSE, Computershare, Continental, Jump Trading, Jupiter, and Cantor Fitzgerald, and launched new products such as BlackRock’s BRSRV and Atlas’s USAFi.

• Achieved public listing on NYSE post-quarter, becoming the first tokenization company to go public and the largest tokenized equity in the U.S. on its first trading day.

• Regulatory progress included FINRA approvals for expanded broker-dealer and custody capabilities, and key board appointments to strengthen governance.

• Business model is evolving from crypto-native markets to broader adoption by traditional financial institutions, targeting a $400 trillion addressable market.

Financial highlights

• Q2 2026 revenue was $14.4 million, down 5% year-over-year, with net loss of $21.7 million, or $2.37 per share, and adjusted EBITDA loss of $5.5 million.

• First half 2026 revenue reached $33.9 million, up 16% year-over-year, marking a record half.

• Tokenization revenue fell 12% to $7.8 million, while asset servicing revenue grew 3% to $6.96 million year-over-year.

• Aggregate transaction volume for Q2 was $5.3 billion, with 663 active funds on the platform.

• Securitize Fund Services AUA at $24.3 billion, down approximately 20% year-over-year.

Outlook and guidance

• 2026 revenue guidance revised to $70–$80 million, down from $85 million, reflecting lower AUM and industry headwinds, but still implies over 20% growth at midpoint.

• AUM target for year-end 2026 reduced from $9 billion to current $5 billion, given slower growth in crypto, stablecoins, and RWA markets.

• Growth expected from tokenized money market and fixed income funds, public equities tokenization, and expanded global distribution.

• Asset servicing revenue expected to remain stable and recurring, with tokenization revenue more volatile and dependent on new product launches and integrations.

• Focus remains on driving top-line growth and achieving positive adjusted EBITDA in the near term.