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Defi Technologies, Inc.

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Key Metrics

Previous Close: $0.48
52-Week Range: $0.39 – $2.80
Market Cap: $199.83M
P/E (TTM): 8.58
EPS (TTM): 0.06
Dividend Yield: —

Advanced Metrics

Price/Book: 1.31
PEG Ratio: —
Return on Equity: 22.29%
Return on Assets: 1.37%
Gross Margin: 100.00%
Operating Margin: -10.87%
Profit Margin: 38.71%
Current Ratio: 1.14
Debt/Equity: —
Total Debt: $0.00
Free Cash Flow: $-95.53M
Revenue Growth: -42.20%
Earnings Growth: —
Enterprise Value: $103.44M

DEFT Income statement, annual periods, in CAD
CAD	FY2022	FY2023	FY2024	FY2025
Revenue	$136.63M	$14.76M	$69.87M	$75.84M
Cost of Revenue	—	$776.00K	$29.90M	$22.45M
Gross Profit	—	$13.98M	$39.96M	$53.39M
Selling, General & Admin	$20.82M	$9.01M	$29.53M	$30.03M
Operating Expenses	$171.43M	$18.22M	$62.15M	-$14.57M
Operating Income	-$34.80M	-$4.24M	-$22.19M	$67.96M
EBITDA	-$43.85M	-$10.61M	-$24.16M	$69.76M
Pretax Income	-$48.55M	-$15.30M	-$28.53M	$63.54M
Income Tax	—	—	$0.00	$1.14M
Net Income	-$48.55M	-$15.13M	-$28.53M	$62.41M
Diluted EPS	-0.24	-0.07	-0.10	0.17
Diluted Shares	209.05M	223.08M	295.59M	377.53M

DEFT Balance Sheet statement, annual periods, in CAD
CAD	FY2022	FY2023	FY2024	FY2025
Cash & Equivalents	$3.61M	$5.09M	$15.93M	$91.23M
Receivables	$49.44K	$204.47M	$38.62M	$95.54M
Current Assets	$80.83M	$376.25M	$710.99M	$664.89M
Total Assets	$142.94M	$447.20M	$918.59M	$824.56M
Current Liabilities	$121.12M	$433.61M	$899.45M	$672.46M
Total Debt	$40.18M	$42.52M	$9.69M	$5.71M
Total Liabilities	$122.38M	$433.61M	$899.45M	$675.01M
Retained Earnings	-$123.40M	-$135.50M	-$163.45M	-$100.10M
Shareholders' Equity	$20.56M	$13.59M	$19.14M	$149.55M
Working Capital	-$40.29M	-$57.36M	-$188.45M	-$7.57M
Net Debt	$35.30M	$37.44M	—	—

DEFT Cash Flow statement, annual periods, in CAD
CAD	FY2022	FY2023	FY2024	FY2025
Operating Cash Flow	-$66.37M	-$69.74M	-$94.88M	-$133.36M
Capital Expenditure	-$1.04M	—	—	-$1.56K
Free Cash Flow	-$67.41M	-$69.74M	-$94.88M	-$133.36M
Depreciation & Amortisation	$1.74M	$1.55M	$1.55M	$1.54M
Stock-Based Compensation	$11.71M	$2.20M	$19.25M	$13.21M
Investing Cash Flow	-$1.97M	$0.00	$10.41M	-$560.28K
Financing Cash Flow	$64.88M	$71.32M	$94.93M	$207.73M
Share Repurchases	-$9.69M	$0.00	-$3.17M	-$2.77M
Net Change in Cash	-$3.46M	$1.58M	$10.46M	$73.81M

DEFT Income statement, quarterly periods, in CAD
CAD	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Revenue	$23.32M	$27.05M	$22.74M	-$3.98M	$1.80M
Cost of Revenue	$3.16M	$5.94M	$1.81M	$16.52M	$5.68M
Gross Profit	$20.16M	$21.11M	$20.93M	-$20.49M	-$3.88M
Selling, General & Admin	$9.43M	$7.39M	$10.94M	-$3.04M	$5.07M
Operating Expenses	-$10.05M	$21.73M	$11.67M	-$49.61M	-$9.50M
Operating Income	$30.21M	-$620.09K	$9.26M	$29.12M	$5.62M
EBITDA	$31.24M	-$567.95K	$5.08M	$34.01M	$5.44M
Pretax Income	$30.75M	-$1.02M	$4.43M	$29.39M	$4.93M
Income Tax	$746.45K	$271.80K	$492.25K	-$372.77K	$0.00
Net Income	$30.00M	-$1.29M	$4.03M	$29.66M	$4.93M
Diluted EPS	0.10	0.00	0.01	—	0.01
Diluted Shares	300.00M	362.05M	373.63M	—	493.17M

DEFT Balance Sheet statement, quarterly periods, in CAD
CAD	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Cash & Equivalents	$13.97M	$26.37M	$119.54M	$91.23M	$87.60M
Receivables	$61.08M	$72.79M	$163.45M	$95.54M	$156.05M
Current Assets	$650.48M	$697.23M	$948.40M	$664.89M	$520.59M
Total Assets	$726.80M	$874.05M	$1.20B	$824.56M	$634.18M
Current Liabilities	$671.10M	$805.20M	$1.08B	$672.46M	$475.65M
Total Debt	$8.78M	$7.41M	$16.05M	$5.71M	$2.97M
Total Liabilities	$671.10M	$805.20M	$1.08B	$675.01M	$478.05M
Retained Earnings	-$124.88M	-$134.74M	-$130.71M	-$100.10M	-$94.70M
Shareholders' Equity	$54.21M	$67.37M	$116.33M	$149.55M	$156.13M
Working Capital	-$20.62M	-$107.96M	-$132.96M	-$7.57M	$44.94M

DEFT Cash Flow statement, quarterly periods, in CAD
CAD	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Operating Cash Flow	-$54.54M	-$15.40M	-$43.19M	-$20.23M	$1.06M
Free Cash Flow	-$54.54M	-$15.40M	-$43.21M	-$20.22M	$1.06M
Depreciation & Amortisation	$373.12K	$333.18K	$510.54K	$323.74K	$174.49K
Stock-Based Compensation	$5.12M	$3.44M	$2.21M	$2.45M	$1.54M
Investing Cash Flow	-$545.68K	$717.00	-$17.27K	$1.95K	$0.00
Financing Cash Flow	$52.79M	$26.97M	$136.48M	-$8.52M	-$4.53M
Share Repurchases	—	—	-$567.75K	-$324.75K	—
Net Change in Cash	-$2.29M	$11.58M	$93.27M	-$28.75M	-$3.48M

Market Snapshot

About

Defi Technologies, Inc. is a Canadian technology company focused on decentralized finance (DeFi) and blockchain-based financial services. The company develops and operates platforms that bridge traditional finance with cryptocurrency and blockchain technology. Defi Technologies aims to provide institutional-grade products and services in the digital asset ecosystem. The company operates in the emerging decentralized finance sector with various subsidiaries and investment holdings.