# Securitize Posts $66.3 Million Q3 Loss as Revenue Rises 13% By John Kim Canonical URL: https://www.tokenpost.com/news/business/53867 Published: 2026-11-11T11:15:26.000Z Updated: 2026-11-11T11:15:26.000Z Section: Business > The board approved a $50 million share buyback, and Securitize expects to complete its River One acquisition by year-end. Securitize posted a $66.3 million third-quarter loss as revenue rose 13%, while saying roughly $60 million of the deficit reflected largely noncash expenses and accounting charges tied mainly to its listing and business combination. The quarter was the tokenization firm’s first reporting period after it went public on the New York Stock Exchange in July under the ticker SECZ. Revenue totaled $18.6 million, up from the year-earlier quarter. Securitize linked about $60 million of its loss to expenses that were largely noncash, along with accounting charges connected chiefly to its business combination and listing. Adjusted EBITDA was a loss of $2 million. The measure starts with earnings before interest, taxes, depreciation and amortization and includes specified adjustments. Chief Financial Officer Francisco Flores said earnout liabilities resulted in a $23.2 million charge. SECZ was valued at $11.78 when the listing deal closed and reached $14.59 on Sept. 30. The liabilities are tied to shares granted in the business combination and change in value as the stock price moves. The board approved a $50 million share buyback Friday, Nov. 6. The authorization remains in effect through Dec. 31, 2027. Securitize also agreed to acquire River One, a platform that provides financing to institutions against pools of assets. Framework Ventures and Maple Finance backed the platform. Securitize expects to complete the acquisition by year-end. Flores said the company has not disclosed the financial terms and does not expect the deal to materially affect fourth-quarter results. Flores said Securitize continues to project 2026 revenue of $70 million to $80 million. In the first half, overall revenue rose 16% to $33.91 million while tokenization revenue declined 12%, as shown in [Securitize’s first-half revenue and tokenization results](). ## Links in this article - [Securitize’s first-half revenue and tokenization results](https://www.tokenpost.com/news/business/36404)