Tokenization platform Securitize reports $14.4 million in Q2 revenue, missing estimates by $6.2 million and driving a 16% share drop.
Securitize shares dropped 16% in premarket trading after reporting $14.4 million in second-quarter revenue, falling short of the $20.6 million Wall Street estimate. The decline marks a 5% year-over-year decrease in total revenue.
Tokenization revenue fell 12% to $7.8 million from $8.9 million in the same period last year. The company also posted a wider net loss of $21.7 million, compared to $6.1 million a year earlier, while adjusted EBITDA shifted to a $5.5 million loss from a $1.8 million profit.
Despite the earnings miss, Securitize reported a record $4.3 billion in average tokenized assets under management, up 16% year-over-year. The broader tokenized real-world asset market now holds over 1.7 million asset holders and $38 billion in distributed value.