NASDAQ : DEFT
DeFi Technologies Inc. — Financial statements
Financials · Capital Markets · Canada
Last price 0.3506 USD (Nov 2, 2026, 4:00 PM EST) · Market cap 137.49M
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Financial statements
DeFi Technologies Inc. (DEFT) reported revenue of 61.21M USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Operating Revenue | 30.20M | 33.17M | 23.00M | 3.80M | 4.66M | 4.41M |
| Other Revenue | 31.01M | 65.97M | 8.43M | 4.04M | -15.17M | 7.51M |
| Revenue | 61.21M | 99.14M | 31.43M | 7.84M | -10.51M | 11.92M |
| Gross Profit | 61.21M | 99.14M | 31.43M | 7.84M | -10.51M | 11.92M |
| Selling, General & Admin | 35.64M | 34.22M | 36.74M | 7.55M | 11.72M | 12.86M |
| Amortization of Goodwill & Intangibles | 857.75K | 1.54M | 1.54M | 1.54M | 1.68M | 2.83M |
| Operating Expenses | 45.01M | 49.70M | 57.75M | 11.32M | 25.21M | 48.95M |
| Operating Income | 16.20M | 49.44M | -26.33M | -3.48M | -35.72M | -37.03M |
| Interest Expense | -4.91M | -4.68M | -2.82M | -3.15M | -2.97M | -937.51K |
| Interest & Investment Income | 2.02M | 1.32M | 4.54K | |||
| Currency Exchange Gain (Loss) | 1.55M | 2.56M | 321.32K | -7.83M | 239.91K | -12.23K |
| Other Non Operating Income (Expenses) | 43.91M | 33.40M | -4.11M | -779.51K | ||
| EBT Excluding Unusual Items | 58.78M | 82.03M | -32.93M | -15.24M | -38.45M | -37.98M |
| Impairment of Goodwill | -2.08M | -2.08M | ||||
| Gain (Loss) on Sale of Investments | -33.37M | -17.00M | 8.02M | |||
| Gain (Loss) on Sale of Assets | 583.97K | 583.97K | ||||
| Asset Writedown | -375.93K | -3.62M | -10.24M | -13.82M | ||
| Other Unusual Items | 146.21K | -130.31K | -4.70M | |||
| Pretax Income | 23.68M | 63.54M | -28.53M | -15.37M | -48.69M | -56.50M |
| Income Tax Expense | 119.48K | 1.14M | ||||
| Earnings From Continuing Operations | 23.57M | 62.41M | -28.53M | -15.37M | -48.69M | -56.50M |
| Net Income to Company | 23.57M | 62.41M | -28.53M | -15.37M | -48.69M | -56.50M |
| Minority Interest in Earnings | 3.69K | |||||
| Net Income | 23.57M | 62.41M | -28.53M | -15.36M | -48.69M | -56.50M |
| Net Income to Common | 23.57M | 62.41M | -28.53M | -15.36M | -48.69M | -56.50M |
| Shares Outstanding (Basic) | 374.61M | 344.92M | 295.59M | 223.08M | 209.05M | 192.63M |
| Shares Outstanding (Diluted) | 390.81M | 377.53M | 295.59M | 223.08M | 209.05M | 192.63M |
| EPS (Basic) | 0.06 | 0.18 | -0.10 | -0.07 | -0.23 | -0.29 |
| EPS (Diluted) | 0.06 | 0.17 | -0.10 | -0.07 | -0.24 | -0.29 |
| Free Cash Flow | -81.51M | -133.36M | -94.88M | -70.06M | -66.56M | -258.36M |
| Free Cash Flow Per Share | -0.21 | -0.35 | -0.32 | -0.31 | -0.32 | -1.34 |
| Gross Margin | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | |
| Operating Margin | 26.47% | 49.87% | -83.77% | -44.33% | -310.75% | |
| Profit Margin | 38.50% | 62.95% | -90.79% | -195.90% | -474.07% | |
| Free Cash Flow Margin | -133.17% | -134.52% | -301.93% | -893.38% | -2,167.95% | |
| EBITDA | 16.85M | 50.77M | -24.78M | -1.92M | -34.02M | -34.19M |
| EBITDA Margin | 27.54% | 51.22% | -78.84% | -24.52% | -286.94% | |
| D&A For EBITDA | 651.23K | 1.33M | 1.55M | 1.55M | 1.70M | 2.84M |
| EBIT | 16.20M | 49.44M | -26.33M | -3.48M | -35.72M | -37.03M |
| EBIT Margin | 26.47% | 49.87% | -83.77% | -44.33% | ||
| Effective Tax Rate | 0.50% | 1.79% | ||||
| Revenue as Reported | 61.21M | 99.14M | 31.43M | 7.84M | -10.51M | 11.92M |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 60.31M | 91.23M | 15.93M | 5.09M | 3.63M | 7.24M |
| Short-Term Investments | 6.94M | 8.04M | 10.67M | |||
| Trading Asset Securities | 19.39M | 272.52K | 778.09K | 12.73K | 14.34K | |
| Cash & Short-Term Investments | 86.63M | 99.55M | 27.37M | 5.09M | 3.64M | 7.25M |
| Accounts Receivable | 6.37M | 8.21M | ||||
| Other Receivables | 49.58K | 25.73K | ||||
| Receivables | 6.37M | 8.21M | 49.58K | 25.73K | ||
| Prepaid Expenses | 1.32M | 1.38M | 1.80M | 1.18M | 417.27K | 1.11M |
| Other Current Assets | 397.52M | 558.17M | 681.82M | 370.45M | 76.95M | 291.38M |
| Total Current Assets | 491.84M | 667.32M | 710.99M | 376.72M | 81.06M | 299.77M |
| Property, Plant & Equipment | 3.00M | 103.00 | 5.82K | 1.43M | 30.99K | |
| Long-Term Investments | 36.77M | 85.94M | 168.46M | 32.97M | 22.18M | 8.11M |
| Goodwill | 35.08M | 35.08M | 37.16M | 35.37M | 34.51M | 36.91M |
| Other Intangible Assets | 400.21K | 1.65M | 2.68M | 4.12M | 17.17M | |
| Other Long-Term Assets | 9.56M | 32.82M | 334.71K | 487.26K | 39.42K | 1.26M |
| Total Assets | 573.25M | 824.56M | 918.59M | 448.24M | 143.34M | 363.25M |
| Accrued Expenses | 441.76K | 102.12K | 248.63K | 233.99K | 27.51K | |
| Short-Term Debt | 2.61M | 9.69M | 42.56M | 39.03M | ||
| Current Portion of Leases | 553.97K | |||||
| Other Current Liabilities | 430.65M | 668.85M | 889.65M | 391.46M | 82.20M | 290.69M |
| Total Current Liabilities | 430.65M | 672.46M | 899.45M | 434.27M | 121.46M | 290.72M |
| Long-Term Leases | 2.55M | 1.26M | 4.46K | |||
| Other Long-Term Liabilities | 1.00 | |||||
| Total Liabilities | 430.65M | 675.01M | 899.45M | 434.27M | 122.72M | 290.72M |
| Common Stock | 226.54M | 222.97M | 153.29M | 129.25M | 122.76M | 129.01M |
| Retained Earnings | -107.72M | -100.10M | -163.45M | -138.98M | -123.74M | -80.56M |
| Comprehensive Income & Other | 20.60M | 23.49M | 26.11M | 20.43M | 18.41M | 20.66M |
| Total Common Equity | 139.42M | 146.36M | 15.95M | 10.70M | 17.43M | 69.11M |
| Minority Interest | -3.69K | |||||
| Shareholders' Equity | 142.61M | 149.55M | 19.14M | 13.97M | 20.62M | 72.53M |
| Total Liabilities & Equity | 573.25M | 824.56M | 918.59M | 448.24M | 143.34M | 363.25M |
| Total Debt | 5.71M | 9.69M | 42.56M | 40.29M | 4.46K | |
| Net Cash (Debt) | 86.63M | 93.83M | 17.68M | -37.47M | -36.65M | 7.25M |
| Net Cash Per Share | 0.22 | 0.25 | 0.06 | -0.17 | -0.18 | 0.04 |
| Filing Date Shares Outstanding | 388.09M | 387.78M | 327.07M | 290.17M | 219.01M | 208.04M |
| Total Common Shares Outstanding | 388.05M | 385.83M | 321.26M | 276.66M | 219.01M | 211.10M |
| Working Capital | 61.19M | -5.14M | -188.45M | -57.55M | -40.40M | 9.05M |
| Book Value Per Share | 0.36 | 0.38 | 0.05 | 0.04 | 0.08 | 0.33 |
| Tangible Book Value | 104.34M | 110.88M | -22.85M | -27.36M | -21.21M | 15.03M |
| Tangible Book Value Per Share | 0.27 | 0.29 | -0.07 | -0.10 | -0.10 | 0.07 |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 23.57M | 62.41M | -28.53M | -15.36M | -48.69M | -56.50M |
| Depreciation & Amortization | 1.12M | 1.54M | 1.55M | 1.55M | 1.75M | 2.88M |
| Loss (Gain) From Sale of Assets | -583.97K | -583.97K | ||||
| Asset Writedown & Restructuring Costs | 2.45M | 2.08M | 3.62M | 10.24M | 13.82M | |
| Loss (Gain) From Sale of Investments | 71.21M | 68.00M | -116.94M | -10.21M | 11.44M | 1.12M |
| Stock-Based Compensation | 7.64M | 13.21M | 19.25M | 2.21M | 11.74M | 33.22M |
| Other Operating Activities | -131.98M | -173.66M | 89.07M | 4.31M | -974.86K | -16.13M |
| Change in Accounts Receivable | 9.89K | -25.52K | ||||
| Change in Accounts Payable | 5.13M | 13.12M | 1.52M | 3.94M | 2.80M | 940.26K |
| Change in Unearned Revenue | -257.87K | |||||
| Change in Other Net Operating Assets | -60.07M | -119.47M | -64.17M | -56.51M | -54.85M | -237.68M |
| Operating Cash Flow | -81.51M | -133.36M | -94.88M | -70.06M | -66.56M | -258.33M |
| Capital Expenditures | -1.56K | -1.56K | -24.82K | |||
| Cash Acquisitions | -13.75K | -558.72K | 10.41M | 3.05M | ||
| Other Investing Activities | -1.97M | -38.48K | ||||
| Investing Cash Flow | -22.02M | -560.28K | 10.41M | -1.97M | 2.99M | |
| Short-Term Debt Issued | 2.74M | 3.51M | 39.25M | |||
| Total Debt Issued | 2.74M | 2.74M | 3.51M | 39.25M | ||
| Short-Term Debt Repaid | -2.50M | -30.95M | ||||
| Long-Term Debt Repaid | -198.77K | |||||
| Lease Payments | -524.82K | -198.77K | ||||
| Total Debt Repaid | -3.14M | -2.70M | -30.95M | |||
| Net Debt Issued (Repaid) | -393.60K | 41.35K | -30.95M | 3.51M | 39.25M | |
| Issuance of Common Stock | 102.43M | 108.83M | 4.46M | 3.50M | 1.66M | 9.54M |
| Repurchase of Common Stock | -9.72M | -10.62M | ||||
| Other Financing Activities | 35.50M | 98.86M | 121.41M | 64.64M | 33.88M | 263.43M |
| Financing Cash Flow | 137.54M | 207.73M | 94.93M | 71.64M | 65.06M | 262.36M |
| Foreign Exchange Rate Adjustments | -72.73K | 1.49M | 384.95K | -208.61K | 322.56K | -31.49K |
| Net Cash Flow | 33.94M | 75.30M | 10.85M | 1.38M | -3.14M | 6.98M |
| Free Cash Flow | -81.51M | -133.36M | -94.88M | -70.06M | -66.56M | -258.36M |
| Free Cash Flow Margin | -133.17% | -134.52% | -301.93% | -893.38% | -2,167.95% | |
| Free Cash Flow Per Share | -0.21 | -0.35 | -0.32 | -0.31 | -0.32 | -1.34 |
| Levered Free Cash Flow | -95.32M | -61.88M | 190.28M | 14.57M | -4.00M | 10.37M |
| Unlevered Free Cash Flow | -92.25M | -58.96M | 192.05M | 16.54M | -2.14M | 10.95M |
| Free Cash Flow After Leases | -82.04M | -133.56M | -94.88M | -70.06M | -66.56M | -258.36M |
| Cash Interest Paid | 2.66M | |||||
| Change in Working Capital | -54.94M | -106.35M | -62.90M | -52.57M | -52.07M | -236.74M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 137.49M | 295.50M | 873.32M | 138.26M | 22.61M | 492.87M |
| Enterprise Value | 52.68M | 189.55M | 871.32M | 182.86M | 63.87M | 483.34M |
| Last Close Price | 0.35 | 0.75 | 2.72 | 0.51 | 0.10 | 2.40 |
| PE Ratio | 5.70 | 4.74 | ||||
| PS Ratio | 2.25 | 2.98 | 27.79 | 17.63 | -2.15 | 41.36 |
| PB Ratio | 0.96 | 1.98 | 45.62 | 9.90 | 1.10 | 6.80 |
| P/TBV Ratio | 1.32 | 2.67 | 32.79 | |||
| EV/Sales Ratio | 0.86 | 1.91 | 27.73 | 23.32 | 40.56 | |
| EV/EBITDA Ratio | 3.13 | 3.73 | ||||
| EV/EBIT Ratio | 3.25 | 3.83 | ||||
| Debt / Equity Ratio | 0.04 | 0.51 | 3.05 | 1.95 | 0.00 | |
| Debt / EBITDA Ratio | 0.11 | |||||
| Net Debt / Equity Ratio | -0.61 | -0.63 | -0.92 | 2.68 | 1.78 | -0.10 |
| Net Debt / EBITDA Ratio | -5.14 | -1.85 | 0.71 | -19.49 | -1.08 | 0.21 |
| Net Debt / FCF Ratio | 1.06 | 0.70 | 0.19 | -0.54 | -0.55 | 0.03 |
| Asset Turnover | 0.09 | 0.11 | 0.05 | 0.03 | 0.07 | |
| Quick Ratio | 0.22 | 0.16 | 0.03 | 0.01 | 0.03 | 0.03 |
| Current Ratio | 1.14 | 0.99 | 0.79 | 0.87 | 0.67 | 1.03 |
| Return on Equity (ROE) | 22.29% | 73.98% | -178.53% | -87.55% | -110.11% | -145.78% |
| Return on Assets (ROA) | 1.40% | 3.55% | -2.47% | -0.73% | -9.24% | -12.54% |
| Return on Invested Capital (ROIC) | 25.93% | 169.82% | -99.53% | -6.40% | -58.29% | -106.66% |
| Return on Capital Employed (ROCE) | 11.40% | 32.50% | -137.50% | -24.90% | -163.20% | -51.10% |
| Earnings Yield | 17.56% | 21.12% | -3.27% | -11.11% | -215.32% | -11.46% |
| FCF Yield | -59.29% | -45.13% | -10.87% | -50.67% | -294.34% | -52.42% |
| Buyback Yield / Dilution | -17.74% | -27.72% | -32.50% | -6.71% | -8.53% | -282.88% |