I'm LongbridgeAI, I can summarize articles.Revenue: As of FY2026 Q2, the actual value is USD 14.44 M.
EPS: As of FY2026 Q2, the actual value is USD -2.37.
EBIT: As of FY2026 Q2, the actual value is USD -20.58 M.
Financial and Operational Highlights
Assets Under Management (AUM) and Administration (AUA)
Average tokenized AUM for the second quarter of 2026 was $4.3 billion, an increase of 16% year-over-year. Total AUM as of June 30, 2026, reached $4.3 billion, up 9%. Securitize Fund Services managed a total AUA of $24.3 billion as of June 30, 2026, reflecting a decrease of approximately 20%. Approximately $5.0 billion in assets are now managed onchain, with more than seven assets each exceeding $100 million in AUM.
Revenue
Total Revenue for the three months ended June 30, 2026, was $14,435,845, a decrease of 5% compared to the prior-year period. Tokenization revenue was $7,839,139, decreasing by 12% year-over-year, while Asset Servicing revenue increased by 3% year-over-year to $6,596,706. For the six months ended June 30, 2026, total revenue was $33,914,311, an increase of 16% year-over-year.
Operating Costs and Expenses (Three Months Ended June 30, 2026)
Cost of revenue (exclusive of items shown below) was $3,981,122, an increase of 13% year-over-year. Selling, general & administrative expenses rose by 133% year-over-year to $8,217,259. Compensation and benefits increased by 31% year-over-year to $10,547,883. The provision for expected credit losses surged by 1,075% year-over-year to $1,315,134. Loss on digital assets from operations, net, was $82,705, a decrease of 68% year-over-year. Total operating costs and expenses were $24,144,103, marking a 56% increase year-over-year.
Operating Profit / Loss
Loss from operations for the three months ended June 30, 2026, was -$9,708,258, a 4,811% increase in loss compared to -$197,687 in the prior-year period. For the six months ended June 30, 2026, loss from operations was -$12,110,418, representing a 193% increase in loss compared to -$4,130,090 in the prior-year period.
Net Income / Loss
Net loss for the three months ended June 30, 2026, was -$21,689,202, compared to -$6,146,303 in the prior-year period, indicating a 253% increase in loss. Net loss per diluted share was -$2.37. Adjusted EBITDA loss was -$5.5 million, contrasting with a positive Adjusted EBITDA of $1.8 million in the prior-year period. Net loss from continuing operations for the three months ended June 30, 2026, was -$21,689,202, a 292% increase in loss year-over-year. For the six months ended June 30, 2026, net loss from continuing operations was -$29,621,854, a 194% increase in loss year-over-year.
Cash Flow (Six Months Ended June 30, 2026)
Net cash flows used in operating activities were -$13,731,531, compared to -$10,968,560 in the prior-year period.
Balance Sheet and Liquidity
Cash and cash equivalents as of June 30, 2026, totaled $33,599,243, up from $24,871,555 as of December 31, 2025. Total assets as of June 30, 2026, were $156,115,616, down from $169,775,125 as of December 31, 2025. Total liabilities as of June 30, 2026, reached $199,116,045, an increase from $185,499,648 as of December 31, 2025. Total stockholders’ deficit as of June 30, 2026, was -$168,985,179, compared to -$141,270,628 as of December 31, 2025. Following the quarter-end, Securitize Corp. entered the third quarter with approximately $350 million in cash and no debt on its balance sheet.
Other Key Operational Metrics
Aggregate Transaction Volume during the second quarter of 2026 was $5.3 billion, representing a 147% increase year-over-year. Securitize Fund Services was servicing 663 active funds as of June 30, 2026.
Outlook / Guidance
Securitize Corp. intends to strengthen its value proposition and financial position while investing in its suite of tokenization-related products and services. The company is focused on driving top-line growth through necessary investments to expand its businesses and capitalize on opportunities. A key near-term goal is to achieve positive Adjusted EBITDA as the company scales as a public entity.