From BigGo Finance · BigGo Finance · · 1m 20s
Securitize Shares Surge 39% as Q3 Revenue Tops Estimates
Securitize Corp. shares jump 39.3% after beating revenue estimates and board approves $50 million buyback.
In brief
Securitize Corp. shares jump 39.3% after beating revenue estimates and board approves $50 million buyback. Securitize Corp. reported Q3 revenue of $18.61 million, exceeding $17.56 million estimates, and approved a $50 million share buyback. Originally reported by BigGo Finance.
Securitize Shares Surge
Securitize Corp. shares jumped 39.3% to $9.69 after reporting third-quarter revenue of $18.61 million, beating $17.56 million estimates.
Board Approves $50 Million Buyback
The company's board authorized a $50 million stock repurchase program funded from existing cash through December 31, 2027.
Q3 Revenue Beats Estimates
Securitize reported third-quarter revenue of $18.61 million, up 12.8% year over year and ahead of $17.56 million analyst expectations.
Record Tokenized Assets
Average tokenized assets reached a company record of $5 billion, up 39% year over year, with total tokenized assets at $4.8 billion.
River One Acquisition
Securitize agreed to acquire River Credit Labs, a stablecoin-linked lending platform backed by Maple Finance and incubated by Framework Ventures.
2026 Revenue Guidance
Management reiterated full-year 2026 revenue guidance of $70 million to $80 million despite a wider-than-expected loss.
Analysts Split on Price Targets
Wall Street adjusted views with Citigroup upgrading the stock to Buy, while others maintained Buy ratings with price targets between $11 and $14.
The short version
Securitize Corp. reported Q3 revenue of $18.61 million, exceeding $17.56 million estimates, and approved a $50 million share buyback.
