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REVENUE - SECURITIZE, INC. AND SUBSIDIARIES (Tables) - Securitize, Inc. and Subsidiaries
3 Months Ended 12 Months Ended
Mar. 31, 2026
Dec. 31, 2025
Disaggregation of Revenue [Line Items]    
Disaggregation of Revenue
The following table summarizes revenues from our major solutions/service offerings:
For the Year Ended
December 31,
20252024
Tokenization
$37,411,171 $10,103,109 
Asset Servicing
24,740,969 8,533,061 
Total
$62,152,140 $18,636,170 
The following table summarizes revenues from our major solutions/service offerings:
For the Three Months Ended
March 31,
20262025
Tokenization$11,135,205 $11,261,663 
Asset Servicing8,343,261 2,772,356 
Total$19,478,466 $14,034,019 
Contract with Customer, Contract Asset, Contract Liability, and Receivable
The table below summarizes changes in contract assets for the three months ended March 31, 2026:
March 31, 2026
Beginning balance – December 31, 2025$15,271,214 
Revenue recognized10,539,342 
Reclassified to accounts receivable(11,991,344)
Ending balance – March 31, 2026$13,819,212 
The table below summarizes changes in deferred revenue for the three months ended March 31, 2026:
March 31, 2026
Beginning balance – December 31, 2025$6,503,357 
Revenue deferred3,657,704 
Revenue recognized(8,658,401)
Ending balance – March 31, 2026$1,502,660 
The following table shows contract assets as of the dates below:
December 31,
20252024
Beginning balance
$4,768,725 $— 
Revenue recognized
35,637,032 4,885,901 
Reclassified to accounts receivable
(25,134,543)(117,176)
Ending balance
$15,271,214 $4,768,725 
The following table shows deferred revenue as of the dates below:
December 31,
20252024
Beginning balance
$3,075,369 $461,208 
Revenue deferred
33,199,862 3,286,767 
Revenue recognized
(29,771,874)(672,606)
Ending balance
$6,503,357 $3,075,369