DFSC

+ Watchlist + Portfolio

DEFSEC Technologies Inc.

GridBrain — Sign in

GridSentinel — Sign in

GridAegis — Sign in

Key Metrics

Previous Close: $1.90
52-Week Range: $1.16 – $6.00
Market Cap: $4.51M
P/E (TTM): —
EPS (TTM): -1.38
Dividend Yield: —

Advanced Metrics

Price/Book: 0.93
PEG Ratio: —
Return on Equity: -187.77%
Return on Assets: -56.12%
Gross Margin: 33.93%
Operating Margin: -94.10%
Profit Margin: -120.99%
Current Ratio: 2.16
Debt/Equity: 0.25
Total Debt: $1.29M
Free Cash Flow: $-4.99M
Revenue Growth: 92.00%
Earnings Growth: —
Enterprise Value: $2.31M

DFSC Income statement, annual periods, in CAD
CAD	FY2022	FY2023	FY2024	FY2025
Revenue	$721.52K	$1.23M	$1.50M	$4.94M
Cost of Revenue	$536.74K	$1.43M	$1.02M	$3.20M
Gross Profit	$184.78K	-$191.38K	$486.50K	$1.74M
Research & Development	$2.06M	$1.53M	$2.35M	$2.37M
Selling, General & Admin	$8.21M	$9.43M	$6.65M	$7.38M
Operating Expenses	$10.28M	$11.91M	$10.29M	$10.82M
Operating Income	-$10.09M	-$12.10M	-$9.80M	-$9.08M
EBITDA	-$9.73M	-$7.63M	-$5.91M	-$8.29M
Pretax Income	-$10.57M	-$9.31M	-$7.44M	-$9.63M
Income Tax	-$49.44K	$0.00	$0.00	$0.00
Net Income	-$10.52M	-$9.31M	-$7.44M	-$9.63M
Diluted EPS	-3025.05	-478.80	-188.86	-15.78
Diluted Shares	3477	19439	39382	610169

DFSC Balance Sheet statement, annual periods, in CAD
CAD	FY2022	FY2023	FY2024	FY2025
Cash & Equivalents	$170.54K	$5.41M	$256.83K	$6.69M
Receivables	$171.88K	$300.27K	$567.88K	$1.49M
Inventory	$393.54K	$542.39K	$533.16K	$519.61K
Current Assets	$1.52M	$6.84M	$1.84M	$8.95M
Total Assets	$7.32M	$11.76M	$5.62M	$12.92M
Current Liabilities	$6.93M	$6.38M	$2.98M	$2.92M
Long-Term Debt	$78.80K	—	—	—
Total Debt	$2.55M	$429.52K	$302.22K	$1.30M
Total Liabilities	$8.33M	$7.82M	$4.25M	$5.12M
Retained Earnings	-$25.91M	-$35.22M	-$42.65M	-$52.28M
Shareholders' Equity	-$1.00M	$3.94M	$1.37M	$7.80M
Working Capital	-$5.41M	$458.44K	-$1.13M	$6.03M
Net Debt	$2.11M	—	—	—

DFSC Cash Flow statement, annual periods, in CAD
CAD	FY2022	FY2023	FY2024	FY2025
Operating Cash Flow	-$4.26M	-$14.08M	-$9.06M	-$7.96M
Capital Expenditure	-$1.36M	-$1.30M	-$111.15K	-$167.29K
Free Cash Flow	-$5.62M	-$15.38M	-$9.17M	-$8.12M
Depreciation & Amortisation	$326.49K	$952.51K	$1.28M	$1.08M
Stock-Based Compensation	$1.96M	$373.55K	$291.76K	$113.69K
Investing Cash Flow	-$1.11M	-$1.44M	-$111.15K	-$180.41K
Financing Cash Flow	$2.85M	$20.76M	$4.02M	$14.60M
Net Change in Cash	-$2.52M	$5.24M	-$5.15M	$6.46M

DFSC Income statement, quarterly periods, in CAD
CAD	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Revenue	$1.26M	$1.42M	$1.37M	$1.31M	$2.12M
Cost of Revenue	$950.14K	$1.02M	$753.29K	$903.04K	$1.49M
Gross Profit	$314.02K	$399.49K	$620.01K	$404.69K	$625.97K
Research & Development	$299.92K	$402.33K	$993.17K	$649.63K	$556.87K
Selling, General & Admin	$1.46M	$1.51M	$2.16M	$1.64M	$1.81M
Operating Expenses	$2.05M	$2.22M	$3.32M	$2.47M	$2.53M
Operating Income	-$1.73M	-$1.82M	-$2.70M	-$2.06M	-$1.91M
EBITDA	-$1.13M	-$1.93M	-$2.16M	-$1.82M	-$1.78M
Pretax Income	-$1.46M	-$2.31M	-$2.41M	-$2.08M	-$2.02M
Net Income	-$1.46M	-$2.31M	-$2.41M	-$2.08M	-$2.02M
Diluted EPS	-6.16	-3.69	—	-1.39	-1.01
Diluted Shares	237039	625323	—	1.50M	1.99M

DFSC Balance Sheet statement, quarterly periods, in CAD
CAD	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Cash & Equivalents	$4.41M	$2.54M	$6.69M	$5.04M	$2.95M
Receivables	$1.08M	$1.13M	$1.49M	$1.14M	$2.01M
Inventory	$581.20K	$508.75K	$519.61K	$587.17K	$514.41K
Current Assets	$6.45M	$4.60M	$8.95M	$7.53M	$6.12M
Total Assets	$9.59M	$8.68M	$12.92M	$11.36M	$9.81M
Current Liabilities	$1.56M	$1.99M	$2.92M	$1.77M	$2.52M
Total Debt	$179.46K	$1.32M	$1.30M	$1.30M	$1.26M
Total Liabilities	$2.80M	$4.10M	$5.12M	$4.09M	$4.68M
Retained Earnings	-$47.57M	-$49.87M	-$52.28M	-$54.36M	-$56.39M
Shareholders' Equity	$6.78M	$4.58M	$7.80M	$7.27M	$5.12M
Working Capital	$4.89M	$2.61M	$6.03M	$5.76M	$3.59M

DFSC Cash Flow statement, quarterly periods, in CAD
CAD	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Operating Cash Flow	-$1.61M	-$1.73M	-$1.37M	-$3.12M	-$1.80M
Capital Expenditure	-$6.82K	-$88.14K	-$20.45K	-$17.98K	-$103.38K
Free Cash Flow	-$1.61M	-$1.82M	-$1.39M	-$3.14M	-$1.91M
Depreciation & Amortisation	$285.93K	$309.08K	$172.09K	$177.27K	$170.35K
Stock-Based Compensation	$26.34K	$21.78K	$14.52K	$0.00	$0.00
Investing Cash Flow	-$6.82K	-$88.14K	-$33.56K	-$17.98K	-$103.38K
Financing Cash Flow	$3.17M	-$46.38K	$5.59M	$1.48M	-$171.33K
Net Change in Cash	$1.55M	-$1.87M	$4.18M	-$1.66M	-$2.08M

Market Snapshot

About

DEFSEC Technologies Inc. is a technology company focused on developing cybersecurity and defense solutions for government and commercial clients. The company provides secure communication systems, threat detection platforms, and infrastructure protection services designed to safeguard critical networks and data. DEFSEC operates in the growing cybersecurity market, addressing increasing threats from cyber attacks, data breaches, and espionage. The company's solutions are designed to meet stringent security requirements for defense, intelligence, and enterprise applications.