OpenWorld Q3 revenue drops as RWA business grows
OPNW•OpenWorld reported Q3 revenue of $7.40 million, while revenue from real-world asset tokenization rose to $6 million from zero a year earlier. Gross margin was reported as 84%, up from 77%, and the company secured $1.1 billion in non-binding letters of intent after quarter-end.
1. Q3 results and outlook
OpenWorld’s Q3 revenue fell as it shifted from its legacy business toward real-world asset tokenization, which generated $6 million in revenue, compared with zero a year earlier. The company reported gross margin of 84%, up from 77%; a key-details table lists Q3 gross margin at 80%. It reported a net loss driven by non-recurring costs tied to its reverse takeover, public listing and equity compensation. After quarter-end, it secured $1.1 billion in non-binding letters of intent for tokenized financing programs and is working to convert them into definitive agreements. Testing for a $1 billion AI infrastructure program is targeted to begin in Q4 2026, with commercial launch targeted for Q1 2027.
