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, amid its pending business combination with Cantor Equity Partners II.

Summary

• Total revenue reached $19.5 million, marking a 39% increase compared to Q1 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, resulting in 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 AUM of $3.2 billion for the quarter.
• Aggregated transaction volume totaled $1.9 billion for the first quarter.
• Assets Under Administration (AUA) stood at $24.9 billion as of March 31, 2026, with 650 active funds serviced.

Sentiment

Score: 7

Explanation: StockSavvy.ai views this as a positive update, as the company achieved record revenue and secured high-profile institutional partnerships, despite the expected short-term pressure on profitability due to public-listing costs.

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 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

• Adjusted EBITDA declined significantly to $0.8 million from $4.1 million in Q1 2025.
• Reported a net loss of $7.9 million for the quarter.
• Increased operating expenses due to headcount growth and preparations for becoming a public company.

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 CEPT shareholder approval.
• Potential for high levels of redemptions by CEPT public shareholders.
• Ability of the combined entity 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, and continues to focus on scaling tokenized real-world asset infrastructure.

Management Comments

• Carlos Domingo: Tokenization is poised to be the most consequential upgrade to U.S. capital-market infrastructure in a generation.
• Francisco Flores: We delivered strong first quarter revenue growth and maintained disciplined management of operating expenses.

Industry Context

StockSavvy.ai notes that Securitize is positioning itself as the primary infrastructure provider for institutional tokenization, mirroring the broader industry shift where traditional finance (TradFi) firms like BlackRock and NYSE are increasingly integrating blockchain-native settlement layers.

Comparison to Industry Standards

• Securitize maintains a leadership position in the tokenized real-world asset (RWA) market, which grew 35% to $31 billion in Q1 2026.
• The company's dual-licensing model in the U.S. and EU provides a competitive moat compared to smaller, single-jurisdiction digital asset platforms.
• The partnership with Computershare and NYSE places Securitize ahead of niche crypto-native competitors in terms of institutional credibility.

Stakeholder Impact

• Shareholders of CEPT are awaiting the merger completion to gain exposure to Securitize.
• Institutional partners benefit from the expanded liquidity and infrastructure capabilities announced.

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.
• Listing of the combined entity on the NYSE or Nasdaq under the ticker SECZ.

Key Dates

Recommendation

A hold recommendation is appropriate pending the successful completion of the business combination and the subsequent volatility often associated with SPAC-related public listings.

Keywords

Securitize, Tokenization, Digital Assets, Fintech, Blockchain, Cantor Equity Partners, Real-World Assets, Business Combination