425: Securitize Reports Record Q1 2026 Revenue of $19.5M

Securitize, Inc. announced record first-quarter 2026 revenue of $19.5 million, a 39% year-over-year increase, as it progresses toward its business combination with Cantor Equity Partners II.

Summary

• Total revenue reached $19.5 million, marking a 39% increase compared to the same period in 2025.
• Adjusted EBITDA was $0.8 million, down from $4.1 million in the prior-year period.
• Net loss for the quarter was $7.9 million, with a net loss per diluted share of $0.88.
• Assets Under Management (AUM) reached $3.4 billion as of March 31, 2026, with an average of $3.2 billion during the quarter.
• Assets Under Administration (AUA) totaled $24.9 billion at the end of the quarter.
• Aggregated transaction volume for the first quarter was $1.9 billion.
• The company is currently servicing 650 active funds.

Sentiment

Score: 7

Explanation: StockSavvy.ai views this as a positive update due to record revenue growth and significant institutional partnerships, though the net loss and declining EBITDA reflect the costs of scaling and preparing for a public listing.

Positives

• Achieved the highest quarterly revenue in company history at $19.5 million.
• Secured a strategic collaboration with the New York Stock Exchange to support tokenized securities markets.
• Expanded liquidity for BlackRock's BUIDL fund through a strategic integration with Uniswap Labs.
• Maintained positive operating leverage despite increased headcount investments.
• Solid liquidity position with approximately breakeven operating cash flow before working capital and public-company expenses.

Negatives

• Net loss of $7.9 million for the first quarter.
• Adjusted EBITDA declined significantly to $0.8 million from $4.1 million in the prior-year period.
• Net loss per diluted share of $0.88.

Risks

• The proposed business combination with Cantor Equity Partners II may not be completed in a timely manner or at all.
• Failure to satisfy closing conditions, including shareholder approval and regulatory requirements.
• Potential for high levels of redemptions by public shareholders of the SPAC.
• Ability to meet NYSE or Nasdaq listing standards.
• Regulatory uncertainty regarding digital assets and tokenization.
• Market volatility and intense competition in the fintech and digital asset space.

Future Outlook

Management expects to complete the business combination with Cantor Equity Partners II in the first half of 2026, subject to regulatory and shareholder approvals. The company continues to focus on scaling its tokenization platform and expanding institutional partnerships.

Management Comments

• Tokenization is poised to be the most consequential upgrade to U.S. capital-market infrastructure in a generation.
• We delivered strong first quarter revenue growth while maintaining disciplined management of operating expenses.
• As institutional adoption accelerates, we believe tokenization is evolving from isolated products into a fully interconnected financial system.

Industry Context

StockSavvy.ai notes that Securitize is positioning itself as the primary infrastructure provider for institutional-grade tokenization. The collaboration with the NYSE and integration with Uniswap highlight a broader industry trend of bridging traditional finance (TradFi) with decentralized finance (DeFi) protocols.

Comparison to Industry Standards

• Securitize's 35% growth in the tokenized real-world asset market (from $23B to $31B) outpaces many traditional asset management growth metrics.
• The company's dual-licensing model in the U.S. and EU provides a competitive moat compared to U.S.-only digital asset platforms.
• The partnership with major institutions like BlackRock, KKR, and Apollo aligns with the industry standard for 'blue-chip' tokenization providers.

Stakeholder Impact

• Shareholders of CEPT are expected to vote on the business combination in the coming months.
• Institutional partners benefit from expanded liquidity and infrastructure integration.
• Employees are focused on scaling operations for the transition to a public company.

Next Steps

• Completion of the business combination with Cantor Equity Partners II in the first half of 2026.
• Obtaining necessary regulatory approvals for the merger.
• Securing approval from CEPT shareholders for the business combination.

Key Dates

Recommendation

The company is showing strong top-line growth and strategic market positioning, but the path to profitability remains unclear as it burns cash to scale. Investors should wait for the completion of the SPAC merger and further clarity on post-merger operating margins.

Keywords

tokenization, fintech, blockchain, digital assets, SPAC, securities, real-world assets, Securitize