Defi Technologies Financials
This page shows Defi Technologies (DEFT) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 2 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Accounting profit outpaced cash reality, with external financing still carrying liquidity despite a sharp FY2025 earnings rebound.
The least obvious shift is that reported profitability and cash generation split apart: net income moved from-$28.5M in FY2024 to$62.4M in FY2025, yet operating cash outflow worsened from-$94.9M to-$133.4M . Because cash still rose from$15.9M to$91.2M , the year was effectively financed rather than self-funded, with$207.7M of financing inflow covering the burn.
The balance sheet is liability-heavy but not debt-heavy: FY2025 ended with
Short-term liquidity improved without becoming comfortable: cash rose to
Financial Health Signals
Scored against banks for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of Defi Technologies's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Defi Technologies passes 4 of 6 computable financial strength tests (3 of the nine could not be computed from available data). 2 of 4 profitability signals pass, all 1 leverage/liquidity signals pass, both operating efficiency signals pass.
For every $1 of reported earnings, Defi Technologies generates $-2.14 in operating cash flow (-$133.4M OCF vs $62.4M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.
Key Financial Metrics
Earnings & Revenue
Defi Technologies generated $99.1M in revenue in fiscal year 2025. This represents an increase of 215.5% from the prior year.
Defi Technologies reported $62.4M in net income in fiscal year 2025. This represents an increase of 318.7% from the prior year.
Cash & Balance Sheet
Defi Technologies generated -$133.4M in free cash flow in fiscal year 2025, representing cash available after capex.
Defi Technologies held $91.2M in cash against $2.5M in long-term debt as of fiscal year 2025.
Defi Technologies had 386M shares outstanding in fiscal year 2025.
Margins & Returns
Defi Technologies's net profit margin was 62.9% in fiscal year 2025, showing the share of revenue converted to profit. This is up 153.7 percentage points from the prior year.
Defi Technologies's ROE was 41.7% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 190.8 percentage points from the prior year.
Capital Allocation
Defi Technologies invested $2K in capex in fiscal year 2025, funding long-term assets and infrastructure.
DEFT Income Statement
| Metric | Q4'25 | Q4'24 | Q1'24 |
|---|---|---|---|
| Revenue | N/A | N/A | N/A |
| Cost of Revenue | N/A | N/A | N/A |
| Gross Profit | N/A | N/A | N/A |
| R&D Expenses | N/A | N/A | N/A |
| SG&A Expenses | N/A | N/A | N/A |
| Operating Income | N/A | N/A | N/A |
| Interest Expense | N/A | N/A | N/A |
| Income Tax | N/A | N/A | N/A |
| Net Income | N/A | N/A | N/A |
| EPS (Diluted) | N/A | N/A | N/A |
DEFT Balance Sheet
| Metric | Q4'25 | Q4'24 | Q1'24 |
|---|---|---|---|
| Total Assets | $824.6M-10.2% | $918.6M+105.4% | $447.2M |
| Current Assets | $667.3M-6.1% | $711.0M+89.0% | $376.3M |
| Cash & Equivalents | $91.2M+472.7% | $15.9M+213.2% | $5.1M |
| Inventory | N/A | N/A | N/A |
| Accounts Receivable | N/A | N/A | N/A |
| Goodwill | $35.1M-5.6% | $37.2M+5.9% | $35.1M |
| Total Liabilities | $675.0M-25.0% | $899.4M+107.4% | $433.6M |
| Current Liabilities | $672.5M-25.2% | $899.4M+107.4% | $433.6M |
| Long-Term Debt | $2.5M | N/A | N/A |
| Total Equity | $149.6M+681.2% | $19.1M+15.0% | $16.6M |
| Retained Earnings | -$100.1M+38.8% | -$163.4M-20.6% | -$135.5M |
DEFT Cash Flow Statement
| Metric | Q4'25 | Q4'24 | Q1'24 |
|---|---|---|---|
| Operating Cash Flow | N/A | N/A | N/A |
| Capital Expenditures | N/A | N/A | N/A |
| Free Cash Flow | N/A | N/A | N/A |
| Investing Cash Flow | N/A | N/A | N/A |
| Financing Cash Flow | N/A | N/A | N/A |
| Dividends Paid | N/A | N/A | N/A |
| Share Buybacks | N/A | N/A | N/A |
DEFT Financial Ratios
| Metric | Q4'25 | Q4'24 | Q1'24 |
|---|---|---|---|
| Gross Margin | N/A | N/A | N/A |
| Operating Margin | N/A | N/A | N/A |
| Net Margin | N/A | N/A | N/A |
| Return on Equity | N/A | N/A | N/A |
| Return on Assets | N/A | N/A | N/A |
| Current Ratio | 0.99+0.2 | 0.79-0.1 | 0.87 |
| Debt-to-Equity | 0.02-47.0 | 46.98+20.9 | 26.05 |
| FCF Margin | N/A | N/A | N/A |
Note: The current ratio is below 1.0 (0.99), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.
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Frequently Asked Questions
What is Defi Technologies's annual revenue?
Defi Technologies (DEFT) reported $99.1M in total revenue for fiscal year 2025. This represents a 215.5% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Defi Technologies's revenue growing?
Defi Technologies (DEFT) revenue grew by 215.5% year-over-year, from $31.4M to $99.1M in fiscal year 2025.
Is Defi Technologies profitable?
Yes, Defi Technologies (DEFT) reported a net income of $62.4M in fiscal year 2025, with a net profit margin of 62.9%.
How much debt does Defi Technologies have?
As of fiscal year 2025, Defi Technologies (DEFT) had $91.2M in cash and equivalents against $2.5M in long-term debt.
What is Defi Technologies's net profit margin?
Defi Technologies (DEFT) had a net profit margin of 62.9% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is Defi Technologies's return on equity (ROE)?
Defi Technologies (DEFT) has a return on equity of 41.7% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Defi Technologies's free cash flow?
Defi Technologies (DEFT) generated -$133.4M in free cash flow during fiscal year 2025. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Defi Technologies's operating cash flow?
Defi Technologies (DEFT) generated -$133.4M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Defi Technologies's total assets?
Defi Technologies (DEFT) had $824.6M in total assets as of fiscal year 2025, including both current and long-term assets.
What are Defi Technologies's capital expenditures?
Defi Technologies (DEFT) invested $2K in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
What is Defi Technologies's current ratio?
Defi Technologies (DEFT) had a current ratio of 0.99 as of fiscal year 2025, which is below 1.0, which may suggest potential liquidity concerns.
What is Defi Technologies's debt-to-equity ratio?
Defi Technologies (DEFT) had a debt-to-equity ratio of 0.02 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Defi Technologies's return on assets (ROA)?
Defi Technologies (DEFT) had a return on assets of 7.6% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Defi Technologies's cash runway?
Based on fiscal year 2025 data, Defi Technologies (DEFT) had $91.2M in cash against an annual operating cash burn of $133.4M. This gives an estimated cash runway of approximately 8 months at the current burn rate. Cash runway measures how long a company can continue operating before running out of cash, assuming no additional funding.
What is Defi Technologies's Piotroski F-Score?
Defi Technologies (DEFT) has a Piotroski F-Score of 4 out of 6 computable signals; 3 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Defi Technologies's earnings high quality?
Defi Technologies (DEFT) has an earnings quality ratio of -2.14x, considered low quality (accrual-driven). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
How financially healthy is Defi Technologies?
Defi Technologies (DEFT) scores 49 out of 100 on our Financial Health Score, indicating moderate standing within its banks peer group. The score is a 0-100 composite of six dimensions (Earnings, Growth, Capital, Efficiency, Credit Quality, Stability), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.