Defi Technologies (DEFT) Financials
A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Sep 3, 2026; every other figure is from the SEC filings on this page. Not financial advice.
Newest figures come from the 40-F for FY2025, filed Apr 2, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the DEFT SEC filings page.
Defi Technologies (DEFT) reported $99.1M in revenue for fiscal year 2025, up 215.5% from the prior fiscal year. This page shows its 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).
Earnings reversal masks negative cash conversion, leaving financing inflows as the key support for balance-sheet repair.
In FY2025, net income reached$62.4M while operating cash flow was-$133.4M , so accounting earnings did not become cash. Free cash flow was-$133.4M against only$2K of capital expenditure, making the gap look driven by non-cash or working-capital effects rather than reinvestment.
Revenue expanded from
Financing supplied
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 earned a return on assets of 7.6% in fiscal year 2025, which is the profit it made on every dollar of assets on its books. This is up from -3.1% the prior year. Earnings ranks banks on that return over three years, and Defi Technologies scores 96/100 among other banks.
Defi Technologies reported revenue of $99.1M in fiscal year 2025, against $31.4M in fiscal year 2024. Growth ranks banks on the three-year path of their net revenue, which is interest income and fee income less the interest they pay out, and Defi Technologies scores 98/100 among other banks.
Defi Technologies funded 18.1% of its assets with shareholders' equity at the end of fiscal year 2025, holding $149.6M of equity against $824.6M of assets. Capital ranks banks on that cushion, and Defi Technologies scores 84/100 among other banks.
Not available for Defi Technologies, and counted as zero in the overall score.
Not available for Defi Technologies, and counted as zero in the overall score.
Defi Technologies reported net income of $62.4M in fiscal year 2025, against a loss of $28.5M in fiscal year 2024. Stability ranks banks on how steady net income has been across five years, and Defi Technologies scores 6/100 among other banks.
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 used $2.14 of operating cash (-$133.4M OCF vs $62.4M net income). Earnings that no cash stands behind rest on accounting accruals, which cannot be repeated indefinitely.
Key Financial Metrics
Earnings & Revenue
None of these metrics is reported for Q4 2025.
Cash & Balance Sheet
Defi Technologies held $91.2M in cash against $2.5M in long-term debt as of Q4 2025, with $672.5M of liabilities due within a year.
Not reported for Q4 2025.
Not reported for Q4 2025.
Margins & Returns
None of these metrics is reported for Q4 2025.
Capital Allocation
None of these metrics is reported for Q4 2025.
DEFT Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
Not reported in any period shown, so not listed: Revenue, Cost of Revenue, Gross Profit, R&D Expenses, SG&A Expenses, Operating Income, EBITDA, Interest Expense, Income Tax, Net Income, EPS (Basic), EPS (Diluted), Diluted Shares (Avg).
DEFT Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q4'2540-F | Q4'2440-F | Q1'2440-F |
|---|---|---|---|
| Total Assets | $824.6M-10.2% | $918.6M | $447.2M |
| Current Assets | $667.3M-6.1% | $711.0M | $376.3M |
| Cash & Equivalents | $91.2M+472.7% | $15.9M | $5.1M |
| Goodwill | $35.1M-5.6% | $37.2M | $35.1M |
| Total Liabilities | $675.0M-25.0% | $899.4M | $433.6M |
| Current Liabilities | $672.5M-25.2% | $899.4M | $433.6M |
| Non-Current Liabilities | $2.5M | $0 | $0 |
| Long-Term Debt | $2.5M | N/A | N/A |
| Total Equity | $149.6M+681.2% | $19.1M | $16.6M |
| Retained Earnings | -$100.1M+38.8% | -$163.4M | -$135.5M |
Not reported in any period shown, so not listed: Short-Term Investments, Inventory, Accounts Receivable, Long-Term Investments.
DEFT Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
Not reported in any period shown, so not listed: Operating Cash Flow, Depreciation & Amortization, Stock-Based Compensation, Capital Expenditures, Free Cash Flow, Investing Cash Flow, Financing Cash Flow, Dividends Paid, Share Buybacks.
DEFT Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
Not reported in any period shown, so not listed: Gross Margin, Operating Margin, Net Margin, Return on Equity, Return on Assets, Asset Turnover, FCF Margin.
Note: The current ratio is below 1.0 (0.99), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.
Similar Companies
Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.
| Company | Fiscal year | Revenue | Net income | Net margin | Market cap | Health score |
|---|---|---|---|---|---|---|
| Defi Technologies DEFT | FY2025 | $99.1M | $62.4M | 62.9% | $252.0M | 47/100 |
| Oppenheimer Hld OPY | FY2025 | $1.6B | $148.4M | 9.1% | $1.3B | 47/100 |
| HIVE Digital Technologies Ltd HIVE | FY2026 | $297.8M | -$148.4M | -49.9% | $724.1M | 35/100 |
| BITFUFU FUFU | FY2025 | $477.5M | -$31.3M | -6.5% | $206.7M | 39/100 |
| Bit Digital Inc BTBT | FY2025 | $113.6M | -$80.3M | -70.7% | $483.2M | 35/100 |
| A-Mark Precious AMRK | FY2025 | $11.0B | $17.3M | 0.2% | $720.8M | 44/100 |
Where Defi Technologies Ranks
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) recorded an outflow of $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) recorded an outflow of $133.4M in operating cash flow during fiscal year 2025, representing cash used by 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 P/E ratio?
Defi Technologies (DEFT) trades at 4.0x earnings, its market capitalization divided by net income of $62.4M net income, FY2025. The market capitalization is $252.0M as of Sep 3, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is Defi Technologies's price-to-sales ratio?
Defi Technologies (DEFT) trades at 2.5x sales, its market capitalization divided by revenue of $99.1M revenue, FY2025. The market capitalization is $252.0M as of Sep 3, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
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?
For every $1 of reported earnings, Defi Technologies (DEFT) used $2.14 of operating cash (-$133.4M OCF vs $62.4M net income). Earnings that no cash stands behind rest on accounting accruals, which cannot be repeated indefinitely. 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 47 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.