Securitize Reports $66.3 Million Loss in First Public Quarter, Agrees to Buy River One
By Unchained
AI summary of the source article
Tokenization firm Securitize reported a $66.3 million net loss on $18.6 million in revenue for its first quarter as a public company. The company also announced an agreement to acquire institutional financing platform River One.
Key facts
- Securitize posted a Q3 net loss of $66.3 million, with about $60 million stemming from non-cash expenses and accounting charges tied to its public listing.
- Third-quarter revenue increased 13% year-over-year to $18.6 million, while adjusted EBITDA reflected a $2.0 million loss.
- Securitize agreed to acquire River One by year-end and authorized a $50 million share buyback running through Dec. 31, 2027.
Source excerpt · Unchained
Revenue at the tokenization firm rose 13% to $18.6 million, its board approved a $50 million share buyback, and the company said most of the loss came from charges tied to its listing. The post Securitize Reports $66.3 Million Loss in First Public Quarter, Agrees to Buy River One appeared first on Unchained .