Securitize Corp. (SECZ) Balance Sheet
SECZ balance sheet, 2025
December 31, 2025 · U.S. dollars$169.8M assets = $311.0M liabilities + −$141.3M equity
Liabilities exceed assets: shareholders’ equity is negative (−$141.3M).
Both columns are drawn to the same scale: what SECZ owns equals what it owes plus shareholders’ equity. Hover a block for its value.
SECZ financial health
Descriptive bands, not a rating. Fiscal 2025.
SECZ balance sheet trends, 2024–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $163.3M2024 | $169.8M2025 | +4.0%/yr | |
| Total liabilities | $264.3M2024 | $311.0M2025 | +17.7%/yr | |
| Shareholders’ equity | −$101.0M2024 | −$141.3M2025 | — | |
| Cash & short-term investments | $43.8M2024 | $39.8M2025 | −9.2%/yr | |
| Total debt | $44.7M2024 | $72.7M2025 | +62.4%/yr | |
| Net cash (debt) | −$941,8332024 | −$32.9M2025 | −$32.0M | |
| Working capital | $52.7M2024 | $49.1M2025 | −$3.6M | |
| Book value per share | −$0.682024 | −$0.952025 | — | |
| Current ratio | 1.652024 | 1.782025 | +0.12 | |
| Shares outstanding | 148.1M2024 | 148.1M2025 | 0.0%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
SECZ assets
SECZ liabilities and equity
SECZ debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
SECZ balance sheet
| 2025 | 2024 | |
|---|---|---|
| Assets | ||
| Cash & short-term investments | $39.8M | $43.8M |
| Cash & equivalents | $24.9M | $21.8M |
| Short-term investments | $14.9M | $22.0M |
| Receivables | $21.1M | $2.6M |
| Inventory | $0 | $0 |
| Other current assets | $51.5M | $86.7M |
| Total current assets | $112.4M | $133.1M |
| Property, plant & equipment (net) | $0 | $0 |
| Goodwill & intangible assets | $46.9M | $26.3M |
| Long-term investments | $0 | $0 |
| Other non-current assets | $10.4M | $3.9M |
| Total assets | $169.8M | $163.3M |
| Liabilities | ||
| Accounts payable | $2.8M | $1.1M |
| Short-term debt | $101,109 | — |
| Deferred revenue | $5.2M | — |
| Total current liabilities | $63.3M | $80.5M |
| Long-term debt | $72.6M | $44.7M |
| Other long-term liabilities | $175.2M | $139.1M |
| Total liabilities | $311.0M | $264.3M |
| Shareholders' equity | ||
| Common stock & paid-in capital | $899 | — |
| Retained earnings (deficit) | −$165.5M | −$117.0M |
| Accumulated other comprehensive income | $1.1M | — |
| Total shareholders' equity | −$141.3M | −$101.0M |
| Key figures | ||
| Total debt | $72.7M | $44.7M |
| Net cash (debt) | −$32.9M | −$941,833 |
| Working capital | $49.1M | $52.7M |
| Tangible book value | −$188.2M | −$127.3M |
| Book value per share | −$0.95 | −$0.68 |
| Shares outstanding | 148.1M | 148.1M |
| Current ratio | 1.78 | 1.65 |
| Quick ratio | 0.96 | 0.58 |
| Equity / assets | −83.2% | −61.8% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | |
|---|---|---|---|---|
| Assets | ||||
| Cash & short-term investments | $41.7M | $27.9M | $25,000 | $25,000 |
| Cash & equivalents | $33.6M | $14.5M | $25,000 | $25,000 |
| Short-term investments | $8.1M | $13.4M | — | — |
| Receivables | $24.7M | $23.8M | $0 | $459 |
| Inventory | $0 | $0 | $0 | $0 |
| Other current assets | $31.1M | $23.3M | $145,000 | $166,366 |
| Total current assets | $97.5M | $75.0M | $170,000 | $191,825 |
| Property, plant & equipment (net) | $0 | $0 | $0 | $0 |
| Goodwill & intangible assets | $46.5M | $46.4M | $0 | $0 |
| Long-term investments | $0 | $0 | $0 | $0 |
| Other non-current assets | $12.1M | $13.7M | $246.7M | $244.2M |
| Total assets | $156.1M | $135.1M | $246.8M | $244.4M |
| Liabilities | ||||
| Accounts payable | $693,723 | $1.5M | — | — |
| Short-term debt | — | — | $397,381 | $78,222 |
| Deferred revenue | — | $470,359 | — | — |
| Total current liabilities | $59.8M | $31.4M | $1.6M | $166,331 |
| Long-term debt | $0 | $73.8M | $0 | $0 |
| Other long-term liabilities | $98.7M | $178.6M | $4.6M | $0 |
| Total liabilities | $158.6M | $283.8M | $6.3M | $166,331 |
| Shareholders' equity | ||||
| Common stock & paid-in capital | $951 | $903 | $250.2M | $247.7M |
| Retained earnings (deficit) | −$195.1M | −$173.4M | −$9.8M | −$3.5M |
| Accumulated other comprehensive income | $1.2M | $1.1M | $138,047 | $37,331 |
| Total shareholders' equity | −$2.4M | −$148.7M | $240.6M | $244.2M |
| Key figures | ||||
| Total debt | $91.1M | $73.8M | $397,381 | $78,222 |
| Net cash (debt) | −$49.4M | −$45.9M | −$372,381 | −$53,222 |
| Working capital | $37.7M | $43.7M | −$1.5M | $25,494 |
| Tangible book value | −$48.9M | −$195.1M | $240.6M | $244.2M |
| Book value per share | — | −$1.00 | — | — |
| Shares outstanding | — | 148.1M | — | — |
| Current ratio | 1.63 | 2.39 | 0.10 | 1.15 |
| Quick ratio | 1.11 | 1.65 | 0.02 | 0.15 |
| Debt / equity | — | — | 0.00 | 0.00 |
| Equity / assets | −1.6% | −110.1% | 97.5% | 99.9% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed December 31, 2025); data from EODHD.
SECZ financial position
At the end of fiscal 2025 (December 31, 2025), Securitize had total assets of $169.8 million (up 4.0% from a year earlier), total liabilities of $311.0 million and shareholders' equity of -$141.3 million. It held $39.8 million in cash and short-term investments against $72.7 million of debt, net debt of $32.9 million. Its current ratio was 1.78. In the latest quarter (ended June 30, 2026) total assets were $156.1 million and equity -$2.4 million.
Related: SECZ income statement, SECZ cash flow statement, SECZ key metrics. See the SECZ stock overview for the latest quote and news.
SECZ balance sheet FAQ
What are Securitize's total assets?
Securitize reported total assets of $169.8 million at the end of fiscal 2025 (December 31, 2025), compared with $163.3 million a year earlier.
How much debt does Securitize have?
Securitize had $72.7 million of total debt at the end of fiscal 2025, including short-term borrowings. Its debt-to-equity ratio was —.
How much cash does Securitize have?
Securitize held $39.8 million in cash and short-term investments at the end of fiscal 2025; with $72.7 million of debt that is net debt of $32.9 million.
What is Securitize's book value?
Securitize's shareholders' equity (book value) was -$141.3 million at the end of fiscal 2025, or −$0.95 per share.
What is Securitize's current ratio?
Securitize had current assets of $112.4 million and current liabilities of $63.3 million, a current ratio of 1.78 (it can cover its short-term obligations).
How much goodwill does Securitize have?
Securitize carried $46.9 million of goodwill and intangible assets, 27.6% of total assets, at the end of fiscal 2025.