Securitize (SECZ) Q3 2026 earnings summary

Executive summary

• Q3 revenue reached $18.6M, up 29% QoQ and 13% YoY; average tokenized assets hit a record $5.0B, up 39% YoY.

• Net loss was $66.3M, including roughly $60M of largely non-cash and listing-related charges; this was the first reporting quarter as a public company.

• Growth initiatives spanned tokenized equities and funds, global partnerships, SEC-registered advisory capabilities and the planned River One acquisition.

Financial highlights

• Q3 revenue was $18.6M; 9M revenue was $52.5M, up 14.7% YoY and a record for the first nine months.

• Adjusted EBITDA loss was $2.0M versus $5.5M in Q2 and $3.6M positive in Q3 2025; 9M Adjusted EBITDA loss was $6.6M.

• Operating costs and expenses were $42.2M, up 75% YoY; SG&A was $20.8M and compensation and benefits were $16.5M.

• Q3 net loss was $66.3M and diluted EPS was $(0.41); 9M net loss was $95.9M and diluted EPS was $(1.19).

Outlook and guidance

• FY2026 revenue guidance remained $70M–$80M, implying 20%+ growth at the midpoint; management noted significant risks and uncertainty.

• Priorities include revenue growth, operating efficiency, fund and public-equity tokenization, new launches, added token utility and wider global distribution.

• River One was expected to close in Q4 2026, subject to customary closing conditions; anticipated benefits include warehouse financing and institutional financing revenue opportunities.