Seeking Alpha·Jun 29, 2026
DeFi Technologies Inc. (DEFT) Shareholder/Analyst Call Prepared Remarks TranscriptDeFi Technologies Inc. (DEFT) Shareholder/Analyst Call Prepared Remarks Transcript
DeFi Technologies Inc.(DEFT)Earnings, Financials & Key Ratios
DEFT•NASDAQ
$0.51
3.0× P/E·Price updated Jul 7, 2026
SectorFinancial ServicesIndustryCapital MarketsSub-IndustryAlternative Asset Managers and Specialty Finance
AboutDeFi Technologies Inc., a technology company, develops exchange traded products that synthetically track the value of a single DeFi protocol or a basket of protocols in Canada. The company offers asset management services, such as indirect exposure to underlying digital assets, digital asset indexes, or other decentralized finance instruments. It is also involved in early-stage investments in companies, banks, and foundations in the digital asset space; operation of a specialized arbitrage trading desk that focuses on identifying and capitalizing on low-risk arbitrage opportunities within the digital asset market; private research that produces research reports on digital assets; and provision of OTC desk and digital asset liquidity. The company was formerly known as Valour Inc. and changed its name to DeFi Technologies Inc. in July 2023. DeFi Technologies Inc. was incorporated in 1986 and is headquartered in Toronto, Canada.Show more
- EBITDA$30M+204.3%
- Net Income$62M+259.8%
- EPS (Diluted)0.17+254.5%
- Gross Margin70.4%-24.3%
- EBITDA Margin39.43%+234.3%
- Operating Margin37.4%+218.6%
- Net Margin82.28%+305.7%
- ROE72.27%+134.3%
DEFT Price & Volume
DeFi Technologies Inc. (DEFT) stock price & volume — 10-year historical chart
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Volatile Asset Valuation Masks Structural Revenue Instability
Investment Thesis • Updated 2026Q1
VerdictNegative
Growth:Contracting
Profitability:Strained
Financial:Mixed
Cash Flow:Deteriorating
Primary Risk:Extreme Asset Valuation Volatility
Key Thesis Takeaways
- DeFi Technologies exhibits a precarious financial profile where reported earnings are heavily distorted by non-cash valuation adjustments rather than consistent operational fee generation.
- The firm's reliance on volatile digital asset markets creates extreme top-line instability, evidenced by revenue swings such as the negative $71.3M print in 2024Q3.
- Investors should remain cautious as the company struggles to convert net income into sustainable operating cash flow, with a 2026Q1 OCF/NI ratio of -2.75 indicating significant structural disconnects.
Verdict Logic
the firm's inability to generate consistent free cash flow, highlighted by a -2.75 OCF/NI ratio in 2026Q1, suggests that current valuation multiples like the 2.85 P/E TTM may not reflect the underlying operational risks.
DEFT Growth Metrics
DeFi Technologies Inc. (DEFT) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years-
5 Years-
3 Years292.95%
TTM-
Profit CAGR
10 Years-
5 Years107.4%
3 Years-
TTM123.69%
EPS CAGR
10 Years-
5 Years40.19%
3 Years-
TTM25.5%
Return on Capital
10 Years-29.15%
5 Years-41.56%
3 Years-53.21%
Last Year32.37%
DEFT Recent Earnings
DeFi Technologies Inc. (DEFT) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 3/6 qtrs (50%)●Beat Revenue 0/6 qtrs (0%)
Q2 2026Latest
May 14, 2026Metric
Actual
Est
EPS
$0.01+198.9%
$0.01
Rev
$11M-30.6%
$16M
Q2 2026
Apr 2, 2026Metric
Actual
Est
EPS
$0.08+201.1%
$0.03
Rev
$5M-124.6%
$22M
Q4 2025
Nov 14, 2025Metric
Actual
Est
EPS
$0.01-85.7%
$0.07
Rev
$23M-47.2%
$43M
Q3 2025
Aug 14, 2025Metric
Actual
Est
EPS
$0.05-28.6%
$0.07
Rev
—
$44M
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | May 14, 2026 | $0.01vs $0.01+198.9% | $11Mvs $16M-30.6% |
| Q2 2026 | Apr 2, 2026 | $0.08vs $0.03+201.1% | $5Mvs $22M-124.6% |
| Q4 2025 | Nov 14, 2025 | $0.01vs $0.07-85.7% | $23Mvs $43M-47.2% |
| Q3 2025 | Aug 14, 2025 | $0.05vs $0.07-28.6% | —vs $44M |
Based on last 6 quarters of dataView full earnings history →
Latest DEFT News
Recent stock market news and headlines for DeFi Technologies Inc. (DEFT)
PRNewsWire·Jun 25, 2026
DeFi Technologies Inc. Announces Extension of Proxy Voting Deadline for Upcoming Annual General and Special MeetingShareholders now have until June 28, 2026 at 5:00 PM ET to submit votes TORONTO, June 25, 2026 /PRNewswire/ - DeFi Technologies Inc. (the "Company" or " DeFi Technologies") (NASDAQ: DEFT) (CBOE CA: DEFI) (GR: R9B), a financial technology company bridging the gap between traditional capital markets and decentralized finance, announced today that it has extended the deadline for the submission of proxies related to its upcoming annual general and special meeting of shareholders (the "Meeting") to June 28, 2026 at 5:00 PM ET. The Meeting will be held virtually on June 29, 2026 at 10:00 AM ET at https://meetings.lumiconnect.com/400-468-404-350.
Peers Comparison
Key metrics vs top competitors for DeFi Technologies Inc. (DEFT)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $0.51 | $164.47M | 2.97 | -22.31% | 82.28% | 72.27% | — | |
| $163.51 | $43.08B | 36.74 | 9.4% | 13.78% | 5.68% | — | |
| $97.36 | $32.51B | -6.39 | 2.97% | -2519.39% | -24.09% | — | |
| $24.73 | $8.2B | -46.66 | 40.22% | -0.11% | -2.31% | — | |
| $31.89 | $1.86B | -16.27 | 15.42% | -72.9% | -23.95% | — | |
| $39.82 | $14.21B | 102.09 | 167.65% | 31.71% | 9.12% | — |
Compare DEFT vs Peers
DeFi Technologies Inc. (DEFT) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
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DEFT Frequently Asked Questions
DeFi Technologies Inc. (DEFT) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
What is DeFi Technologies Inc.'s revenue?
DeFi Technologies Inc. (DEFT) reported $64.9M in revenue for fiscal year 2025.
How fast is DeFi Technologies Inc. growing?
DeFi Technologies Inc. (DEFT) saw revenue decline by 22.3% over the past year.
Is DEFT profitable?
Yes, DeFi Technologies Inc. (DEFT) is profitable, generating $49.4M in net income for fiscal year 2025 (82.3% net margin).
Dividend & Returns
What is DEFT's return on equity?
DeFi Technologies Inc. (DEFT) has a return on equity (ROE) of 72.3%. This is excellent, indicating efficient use of shareholder capital.
What is DeFi Technologies Inc.'s free cash flow?
DeFi Technologies Inc. (DEFT) had negative free cash flow of $29.7M in fiscal year 2025, likely due to heavy capital investments.